Were also fully committed to continuing to expand the supply of this medicine we started investing in this back in january as soon as we became aware of the chrono virus this is a long time to manufacture it used to be 12 months its now 6 months our scientists have brought that down and so as we get into the 2nd half of this year were able to have many more supplies available to patients and were fully committed to working mr president with you here ministration to make sure that patients and you can get this important new medicine mike hanna has more now from washington. It has been given an emergency use flagged by the f. D. A. Which means that it can be used under very tightly controlled conditions which will be part of the ongoing survey into the thick a c. Of the drug now within the u. S. The f. D. A. Some urgency rissa lucian was given on the basis of a single trial in which patients were shown to recover 4 days quicker from the corona virus than those who were given a placebo wi
1500 types of assault weapons in response to the countrys worst mass shooting. Also ahead with technology evolving to help us track and contain cope with 19 we look at concerns about surveillance and privacy. An experimental antiviral drug has been approved for emergency use in treating coronavirus patients in the United States 1500000 vials of red disappear will be distributed to hospitals from monday the regulator gave its approval after a government sponsored study showed the medications shortened patients Recovery Time by about 30 percent and slightly improved mortality rates from washington mike hanna told us about the strict rules attached to the announcement. It has been given an emergency use flagged by the f. D. A. Which means that it can be used under very tightly controlled conditions which will be part of the ongoing survey into the take a c. Of the drug now within the u. S. The f. D. A. Some urgency rissa lucian was given on the basis of a single trial in which patients we
Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.
Of staying in touch with this country have been more than worth the cost. [ applause ] when i announced i would seek the presidency, some said i would appeal to only a few. But in the past two years i have touched many different americans. I have traveled countless thousands of miles to look them in the eye, to know their voices, to learn what no man can ever understand from behind his desk in washington. We only 5. 5 laid off in this country. Actually unemployed. How many, and how little time my eggs after going for 35 cents a dozen. If you dont like how you work here you can quit or well move the plant. I want to see taxes come back to me. I want to see schools and roads and Social Security increased. The country was dushd and people spoke to me openly not just of their frustrations with government, but of their hopes. Were all americans. Were not afroamericans, mexicanamericans. If youre an american youre a american. Some i talked whose words have remained with me. Americans like da
Yeah. No doubt hopefully they can get this stuff done between the congress and the senate and it will be a lot more to do its a good start but given the dislocation to the marketplace, hopefully we can get this thing done in washington and well be good backstops for the market. Does it take a significant amount of stress off of the credit markets, which i know youve been concerned about and you watch so closely well, i mean, it takes a certain amount off it doesnt theres still a lot of stress in a lot of different places it takes a little bit of the stress off you really need the washington package. A package in washington just a lot bigger what they were talking about doing, seven times bigger. If i got my numbers right off the top of my head just to help support corporate small business, et cetera, what were going to need support and buy secondary stuff in the marketplace. Some of the other things they started to do today, so that we can have the economy function the right way. How c