Ump our economic recovery is going very well, as you have been hearing. Nearly 85 of jurisdictions across our country are reporting a ladies and gentlemen, the president of the United States, donald j. Trump. Pres. Trump thank you, thank you very much, i appreciate it. And thank you for being here. Let me provide a brief update on the china virus as well as our economic recovery, which is going really very well, as you probably have been hearing. Weed by 6 nationwide. The positively rate has fallen to six point 5 did 6. 5 . A big reduction. The hospitalization rate for the virus has been reduced by half ands april half since april. I urge everyone to apply commonsense mitigation and we are all doing that. I want to thank the American People for doing a great job. The United States has administered over 70 million than all of the European Union combined, if you combine all of europe, it is less than what we do. Tests aref of care processed and under 24 hours and many in 15 minutes. Test
The 27,700 level. Remember, it was 18,000 on march 23rd. The s p, what, nearly 3400. New alltime high. The nasdaq well over the 11,000 mark. Who would have thought of that. Add it all up and yes, we are now in a brand new bull market. Heres another reason for the rally. Terrific performance from major retailers, target, out today with a blowout report. Online sales nearly tripled. It was targets best overall growth rate ever. That stock is going straight up. Add this to the numbers from walmart, home depot and its clear the major retailers won big by staying open in the lockdown. Really, though, kind of tough on the smaller operators. Got to get to it. The convention, boring in my judgment. Tv ratings way down. Wheres the excitement . Everything is on tape and the whole thing lacks the spontaneity of a live crowd. The performance of the old guard, bill clinton, john kerry and a grim chuck schumer. The bright spot was aocs oneminute appearance. She nominated Bernie Sanders. The democrat
Trump thank you, thank you very much. Appreciate it. And thank you for being here. Let me provide a brief update on the china virus as well as. Nearly 85 ofry jurisdictions all across our country are reporting a very steep decline in cases despite the fact that we have the number one Testing Program anywhere in the world, up to almost 70 million tests. This week, cases nationwide have declined by 6 . The test Positivity Rate has fallen to just 6. 5 , a 71 reduction from april, that is a big reduction. The hospitalization rate for the virus has been reduced by half since april and i urge everyone to apply common sense litigation, we know that and we are all doing that and it want to thank the American People for really doing such a great job. The United States has now administered over 70 million tests, more than all of the European Union combined. When you combine all of europe, it is less than what we do. Millions of point of care tests are processed in less than 24 hours and many in
President of the United States, donald j. Trump. President trump thank you. Thank you very much. Appreciate it. Thank you for being here. Let me provide a brief update on the china virus as well as our economic recovery, which is going really very well, as you probably have been hearing. 85 of jurisdictions across our country are reporting a very steep decline in cases. We havedespite the fact the number one Testing Program anywhere in the world. We are up to almost 70 million tests, far beyond any other country. This week, cases nationwide have declined by 6 . I want to think the American People for doing such a great job. The United States has administered over 70 million tests, more than all the European Union combined. If you combine all of europe, it is less than what we do. Millions of pointofcare tests are processed in less than 24 hours. Many another 15 minutes. Many commercial lab results are returned within three days, so weve got that number down from eight days to three day
I think you need about 25 points to get back to the previous record that was set, were about 25. 68 points below it. The s p futures indicated up by 21 s p has now been on a sevenday winning streak, and youre looking at the longest winning streak its seen since april of 2019 nasdaq was down yesterday, but it is indicated up by close to 60 points this morning the dow was up by over 350 points yesterday to kick off the week treasury market this morning, right now youre looking at the tenyear yielding right about where it has been. 0. 599 that yields a little higher than we have been sitting. Brian, this news about putin and this potential vaccine is huge, but i think we do need to take it with a grain of salt. Youve been all over this already this morning. Well, trying to make sense of it, becky. Good morning as well you have what you think are the markets sort of key points, right . Trillions of dollars in stimulus, potential for payroll tax cuts, all the market themes weve been talking