I mean again in the last 3 weeks i think theres been a lot of effort good effort by everybody including the president you say that at the end of all this said needs to be a temporary Recovery Authority what would that authority do well it would it would waive rules that get in the way people getting back to work and would u. S. Ranks 55th in the world in the ease of starting a business just ahead of niger in just behind afghanistan i mean did it take you have to go to 10 different agencies to get a permit to start something thats ridiculous you also said so this this Temple Grandin at were an act that. If the temporary Recovery Authority would. Would have the authority to wit if rules it would require allow require and allow states to for example create a one stop shop for new businesses it would streamline infrastructure permits so we could get infrastructure jobs going it would waive the thousands of rules that govern Public Schools that would make it hard for people to get schools b
If the temporary Recovery Authority would. Would have the authority to wind of rules that would require allow require and allow states to for example create one stop shop for new businesses it would streamline if you thought through permits so we could get infrastructure jobs going it would waive the thousands of rules that govern Public Schools that would make it hard for people to get schools back up and running and you know you could you describe this as an economic call up your lab raid on the. Yeah i mean its unprecedented even in times of war we havent been disabled from moving out of our homes mean this is a situation where. Where businesses that dont serve the public thinks keep going but the businesses that do serve the public which is probably 25 percent or more of the economy. You know restaurants and all kinds of Service Organizations have all had to close down this is extraordinary its its an unprecedented economic. Sort of. A bank where people are not allowed to work and
Depression. While big0 jumping, tech the nasdaq forward. , butwarnings about growth despite the doom and gloom, australia is back in the market. We are seeing futures look like this. U. S. Futures unchanged. This is after some stocks climbing on signs of the outbreak easing. We had a cloudy picture when it came to corporate earnings. Big gains from tech giants. Aftergan and wells fargo profits hit by major provisions. The nasdaq gained almost 4 . Take a look at oil, now rebounding from a plunge of more than 10 in the u. S. Session to the lowest in two weeks. This, as we had that historic production agreement, but still concern demand destruction will offset those 9. 7 Million Barrels per day cut. Holding about oil 20 a barrel. Still waiting for President Trumps press conference. Aboutabout to speak how he is handling the coronavirus outbreak, as he clashes with governors, clashing with new yorks governor cuomo, about who has the power to reopen the economy, cases now nearing 600,000. O
Amendment fight. The states have power to reopen. New york state Governor Andrew Cuomo will sue the white house there are two task forces. One on the northeast, one on the west coast, how do you see this playing out . I think they will all end up working together. I think the president wants to be able to share his vision of the appropriate timing. He has got a lot of real professionals working with him and i think the governors do really want to work side by side there may be discussions who is in charge of what. Reality is, look, timing on this, the timing on this recovery will be depending on science. It will be dependent on our ability to get back to work as soon as possible. The president has the right idea. We need to open up the economy as soon as possible but at the same time these governors, i think they feel the same way. Theyre going to want, theyre going to want us to respect the federalist, the federalism that has been a part of our country but most certainly i think this
Use varies from one region to another and some places with lower infection rates some vaden later is may not be in use while other areas are potentially stretched beyond their capacity that database of available ventilators that we are creating wall laois to flex so that we can make sure that available quitman can be shared with those in need we appreciate the leadership of the Health Systems that are here today that has stepped forward and had a mention to a few i dont know if he quite dr Fritz Francoise from n. Y. U. That groan and david dill the c. E. O. Of life point as well we appreciate the work of the administration in helping us find Innovative Solutions to ensure the best care for our patients well continue to work with hospitals and Health Systems across the country to add to this reserve further your teammates provided us with important leadership and we look forward to working with you and mechanism to success thank you president thank you. Thank you mr president mr Vice Pr