Lets head straight to blake urman at the white house. The president declaring a National Emergency over the coronavirus. I love that of a loved the economic message that the president spoke about afterwards as what might come next in terms of help with the economy. First off the National Emergency declaration this flexibility for the hospitals and hhs health and Human Services which as you knows at the forefront of trying to tackle the corona virus but this would allow for increased beds in hospitals. For example the presence that would unleash tens of millions of dollars to the tune of 50 billion as well. We have also heard on the economic side that the administration would weigh several options as they wouldnt need the help of congress for and we got two of those from the president today in his rose garden press conference. First off Student Loans, what do you have a job or you dont have a job whatever your financial situation might be wherever you live across this country its probab
In south korea alone. The head of the National Institute of allergy and Infectious Disease says the u. S. Is failing when it comes to testing for the virus. The idea of anyone getting easily as people in other countries are doing it, we are not set up for t that. I think we should d be . Yes, but we are not. Amy today we look at how the Trump Administration has failed to account for what may be thousands of Coronavirus Infections because of ongoing problems with access to testing. We will speak with professor Justin Lessler of the johnss Hopkins Bloomberg school of Public Health,h, senior author f a new study that suggests the median incubation period for the new coronavirus is about fifive days. And epidemiologist dr. Steve goodman at Stanford Medical School, associate dean of the school. Both are holding classeses onlie for the rest of the quarter over concerns abobout the outbreak. Yes, dr. Goodman is my brother. All that and more, coming up. Welcome to democracy now , democracynow.
I appreciate the comments of my friend from texas. I only heard part of them, but i appreciate the rest in what we need to do to deal with the virus. I hear so often in this body that its about the economic issues, which it sure is and in utah and senator cornyn knows that when i hear the president s response on what to do, first i know people are angry in ohio and ihe think elsewhere that the president has waited so long to act and i know people were angry when they find out the president made major cuts to th the centes for Disease Control which the presiding officer knows is the best Public Health agency publicly in the history of the combined witworld combined withc Health Departments and nih and nationaltm institutes of safety and health in all of this critical Public Health infrastructure safety net we felt in the country and bipartisan way through decades andd decades. Im not awar not alarmist or pan any way that i know people realize. One of the president s rhetoric and proposa
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest
Mr. President. You know in utah, and senator cornyn knows. But when i hear the president s response on what to do, first, i know that people are angry in ohio and i think elsewhere that the president has waited so long to act. And i know people are angry when they find out that the president made major cuts to the centers for disease control, which the presiding officer knows is the best Public Health agency probably in the history of the world combined with our Public Health departments and n. I. H. And the f. D. A. And National Institutes of Occupational Safety and health in cincinnati, all of this incredible Public Health infrastructure safety net we have built in this country bipartisanly through decades and decades and decades. And i know people are unhappy when they learn about the president eliminating the position at the white house of the admiral physician who ran our effort to always be trying to anticipate a Public Health outbreak, a pandemic of sorts. I dont know if were in