Coronavirus. San francisco has kept cases and deaths below the rest of the state by aggressive sheltering in place. Forr london breed joins me an exclusive interview as restaurants and places of worship start to reopen him and her outlook of the citys new normal. Tiktokk, twitter, and continue to crackdown on death wishes for the president. Our interview with the star of netflixs hit documentary the social dilemma. Markets soaring into the green amid optimism that President Trump will make a recovery and prospects of a stimulus deal. Investors liking what they are seeing despite the president s doctor questioning and saying that he may still not be out of the woods. Abigail certainly a risk on tone out of the gate. Investors, whether they are reassured by President Trumps health status, the earnings season coming up, whatever the risk onas we had this appetite. Technical, those are the fundamentals given the selloff we saw on friday. A panic selloff since it was never can never confirmed by haven assets. 500 putting up its best day in three weeks. Just its best, day in about two weeks or so. Being helped out not just by the mega cap tax but also biotech. Regeneron really soaring on the fact that President Trump is using their antiviral cocktail to help treat covid19, leading some analysts to think that there could be some emergency approval of that cocktail. Theof this confirmed by fact that bond is on the day, the biggest selloff in more than a month. Is superthat interesting related to the virus, a real selloff in contrast to these gains for the Movie Theater socks. Movie theaters stocks. Regal cinemas, the second largest cinema complex retailing brand in the u. S. Amc and cinemark down sharply. Year forthis is a lost movies. Emily lost year for many things. Abigail doolittle, thank you so much for that update. President trump indicating that he will be leaving the hospital about an hour and a half from now. His doctor spoke with the press earlier saying that while the president has not had a fever and 24 hours, it is not necessarily smooth sailing. He may not be entirely out of the woods yet. The team and i agree that his clinical status supports his safe return home where he will be surrounded by worldclass medical care 24 7. Emily we got word today that three white house staffers including press secretary tested positive. We are waiting for the president to leave walter reed in about an hour and a half. What do we know as of this minute about his condition and how this transport will happen . I think doctors were pretty encouraged today about his condition. He has exceeded all of the hospital discharge criteria. , especially since the facilities at the white house them self are pretty advanced, that he can continue the treatment and work to recover at the white house. He will be taking a chopper back as he took marine one to the hospital. Thisext questions for how disease develops and continues to sort of progress over the next three or four days. Doctors have traditionally said afterhe 710 day window someone is first diagnosed are the most crucial in how coronavirus impacts somebody. While they are very encouraged to the point that they are sending the president home, this will be a crucial period for President Trump. Emily there was a lot of confusion led to more concern over the weekend about his condition, when he got tested. The president also leaving the hospital to greet supporters in a car. Now that we know that three additional staffers including the press secretary have tested positive, what do we know about protocols at the white house . Can staff keep the president in isolation . Are two questions there. The first is whether the president will be able to stay contained in the residence. They are working to create some environments in the residence where he can work from home quote unquote. I think there will be a struggle among staff to keep the president isolated. Your second question, obviously the virus is continuing to sort of ravage the west wing. People who we interact with every day, including three members of the press shop announced today. We have seen today that fewer people came in, a lot more people are working from home. There still are not mandatory mask requirements. There is still not a requirement that if you can work from home, you will. There is still not mandatory daily campuswide testing. There is a question, especially thatse the protocols already exist obviously did not work. A dozen people in the inner circle have coronavirus. Why there is not been a greater effort by the white house to change and improve the protocols already in place . Emily exactly. There are still some questions. The doctor has not been forthcoming about the lung scan. Why is he on three drugs if he is Getting Better . What do we know about the president s schedule . Has he started campaigning again . What doctors have said, the first question is when they can certify that he is no longer shedding virus actively. Typically, that is about 10 days but they think they can hone that in. It could be less, it could be more time. The next big item on the calendar is the debate next thursday night with joe biden. There is a real question on whether that will hit the window on which he is able to go back out . I think the president will be eager to do so assuming he is feeling well enough. But there are a lot of logistical questions about how that will work out and how the president will prepare for that. Some of the people who helped him for the last debate, including chris christie, his campaign manager, have also contracted covid19 and are working from home. Emily so many questions. We dont know how the next days will go. We know you are following every step of the way. We are waiting for the president to leave Walter Reed Hospital at 6 30 p. M. Eastern time. Coming up, why the mayor of San Francisco thinks President Trumps diagnosis could change the american peoples perception on the disease going forward. My conversation with mayor london breed, next. This is bloomberg. Emily San Francisco was one of the first cities to shut down as the pandemic hit the United States and an aggressive approach has likely kept covid death down. Itancisco accounts for has come at a cost, including a budget shortfall. The city is starting to reopen. Here is my exclusive interview with San Francisco mayor london breed about her plan. Inor breed San Francisco is orange, and what that means is we have been able to open more. We have been able to allow restaurants to open indoors at 25 capacity, churches to open indoors at 25 capacity. We have been able to give playgrounds a date. We are in a better place. We have to be careful and not move as complete as people want us to move. We have to see what happens over the next few weeks. Meantime, president , be hospitalized with covid19, another huge twist in this pandemic story. What are your thoughts on the gravity of this development . Mayor breed i think it is unfortunate when anyone gets covid. ,hat we hope is that people especially leaders, are leading by example. I dont like to wear masks, but i wear them. I dont like social distancing, i want to be around people. I couldderstand that infect somebody and they could infect me. It has to be about the behavior that i model so that others can follow. They have to understand how significant this is and how it could basically be devastating to a densely populated city like San Francisco. This is why from day one, i have tried to communicate everything i know, use data in the decisionmaking process of this virus, and remind people, we are covid is notd but tired of us. We have to do our part. Many states and cities have been following the president s lead. I wonder if you think the president s condition will change how some of these other cities and states are reacting. Mayor breed i hope does. It shows people that no one is immune. It can happen to anyone at any given time. If you think about someone who is possibly elderly and may be unhealthy, it could be even worse. The impact could be devastating. I hope that this is a wakeup call for so many people who are refusing to wear masks, were moving forward with their lives as if we are not still in a pandemic. This should be an example for sure. Emily we are heading into winter months, colder season. Are you worried that reopening will lead to a spike in infections . Mayor breed i am worried about the upcoming flu season. People start getting their flu shots, symptoms start developing for colds. I think people might it is confused with covid. We are definitely worried. We are going to keep an eye on it. I think that it is important for us to make sure that our Health Care Professionals are doing what they can do outreach and communicate with the public around their differences. The goal is, we dont want people to panic. Thatnt people to know there is the flu, there is still of our behavior will determine whether we are in a situation where we have to close. Emily rents are falling sharply in major metropolitan areas. How concerned are you about an economic slowdown given that Tech Companies are paring back workers and people are leaving the city . Mayor breed i will say that i am very concerned. I just balanced a budget with a 1. 5 billion budget deficit. Overo mention, there are 200,000 people who have filed for unemployment. We have businesses i have been going to since i was a kid that have closed permanently. I am definitely concerned about the economic impact. It is not about just Tech Companies. It is about business in general. In light of covid, working from home, having more flexibility of the cost of living, also the number of tax measures and other things. I think we will have some somees from trump challenges from coronavirus of the next years. People love working in this city , going to restaurants in the city. Just in the suburbs. You only get what you can get in San Francisco by being in a place like San Francisco. It will be hard for us but eventually we will get back to a better place. Emily some businesses and restaurants are saying, look, 25 capacity, we have to pivot from the delivery and takeout model. Actually, this could be worse for our revenue or make things more challenging as we are just trying to survive . Im not saying we are going to take away the innovative ways we have allowed restaurants to operate, we are just adding additional space. Muchtaurant that pretty has their entire restaurant outside, their capacity will increase by opening 25 indoors because they have such a small space. In other areas, it will be challenging if be hard for so many of these restaurants. The opportunity to open even further, then people do that. Mention, west extended the cap on the delivery fees so that the Delivery Companies cannot charge more. It was supposed to expire when restaurants began to reopen indoors. We have expanded that so we give restaurants more opportunities. Emily you can catch more of that conversation online. Coming up, we are taking a look at why women are dropping out of the workforce at the fastest pace since the peak of the pandemic. This is bloomberg. Women are leaving the workforce at the fastest pace since the peak of the pandemic with many schools and Childcare Centers still closed. This according to a new report by mckinsey in association with lean in. In theber of women workforce has dropped significantly since the crisis. Rachel, always thankful for your report every year. This one was particularly bleak, with women dropping out of the workforce even more. Sheryl sandberg said, if we had beanic button, we would hitting it right now. We know that women are struggling right now to balance work with everything else. This study, we understand the numbers, the scale of the problem. One in four women are thinking about downshifting their career or leaving the workforce. That is millions of women. If we lose those women, we will unwind all the progress we have seen in the representation of women in management since beginning of the study, and then some. We also got the last jobs report we will get before the election that shows the economic recovery fading. How does that intersect with what you are finding out about women, about people of color, and how they are faring . We know that women are more likely to be furloughed or laid off. The Research Shows that women are more likely to be forced out of the workplace. Three groups of women show up in high relief as struggling. Mothers, seniorlevel women, and black women. We know that mothers are doing more at home than ever before. Theyre concerned, their performance is being judged negatively because of their abilities and the right to be concerned. Is called the motherhood penalty and it is in high relief right now. We know that seniorlevel women are facing the same pressure as seniorlevel men and then some. Then there is black women. Black women already have a worse experience in the workplace. They are disproportionately affected by covid19 and they are dealing with the emotional toll of violence in this country. Just one in three black women has set a manager has checked in with them in light of recent events. Black women are far less likely than other women to have allies. We need to be better by black women. Emily speaking of that, we have the phrase president ial debate coming up. After this election, there still might not be. Regardless of politics, what is at stake . Both of those candidates will need to show up and forcibly defend their opinions, policy stance, be confident like we would expect from any president ial candidate. The challenge, as a woman, senator harris needs to be concerned about not looking too confident, not too assertive, people not falling into the trope of the angry black woman. Man,president pence, as a he will not face any of this complexities. We expect to be pulled, confident. We expect them to lead, so we celebrate them when they do. Emily as the pandemic continues, how much does schools reopening matter for women in particular . It matters hugely. Women are being impacted by kids at home, school closures. That is why Companies Really need to show up right now for women. And get creative. Nobody should be living up to business as usual standards right now, particularly women. Certainly,resting talking to mayor london breed, you have restaurants ready to reopen but still working on schools. Rachel thomas, thank you for joining us. I urge you to check out that report in greater detail online. Coming up, hate speech, how facebook, twitter, and tiktok are dealing with users wishing harm on the president. This is bloomberg. Oomberg. Emily welcome back to bloomberg technology. We are standing by for the president to leave Walter Reed Hospital about one hour from now. We have gotten the official white house schedule which shows trump will be leaving walter reed 6 30 p. M. Eastern time, arriving at the white house at 6 40 p. M. Eastern time. We also got some headlines from Vice President mike pence who says he has spoke to the president and that he sounds great. We will be monitoring the president s movements and any developments as we get them. Now, for months, President Trump downplayed the virus and his message was, as we know amplified throughout social media, putting not just himself of the public at risk. Had a conversation with a few stars of the Netflix Documentary who have been sounding the alarm about the power and full arising forces of social media for an upcoming edition of bloomberg studio 1. 0. Heres reaction to the. Residents diagnosis the fact that all of this information is coming to us through twitter and social media, and the fact that a bunch of people thought probably in the qanon that this was a Conspiracy Theory and this is part of trumps double fake to then have the deep state cabal the weird ways you see people walk away with completely different perceptions of reality from the exact same thing shows you how much the virtualreality in our own minds are having interpret the same facts. I have not looked very deeply at how this particular disclosure left, but this president using twitter is the predominate Communications Platform and the ability to control the Financial Markets and the attention cycle of the global media has had very negative consequences. Emily so, the president testing positive for covid after playing down the severity of the disease, not wearing masks. Twitter and facebook being a huge platform to advance these views. Misinformation about covid running rampant on social media. What do you think the connection is between his diagnosis and social media . Tristan i think the president has made a habit of saying things just to say them. Im not sure we can interpret, you know, any authentic desire to do sense making and find out what is true from his behavior. Oront want to alert people i dont want to scare people by telling them whats true, and he was mocking the coronavirus as being completely fabricated and then switching to having to talk about it as real. I dont know what to make of it. Emily so many people have been Walking Around in their social bubbles, half of us thinking one thing, half of us thinking the other. Half of us thinking it is a big problem, it is a disease we need to be careful of. The other have thinking its not. Did social media play role in that . I see it in my own family. I have people in my immediate family who have a different view and a distorted view of the coronavirus. And, it doesnt make any sense. Because they have been radicalized by social media. My reaction when i heard about trump having the coronaviruss i thought it was misinformation. Reaction, i have heard. That was tim kendall, former facebook president and pinteres t, as well as tristan harris. You will see more of that interview on bloomberg studio on1. 0 later this month. Sticking with social media and its role in this pandemic, the president s role on social media, sarah frier who covers social media for us. Since the president came