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Assessment of the state of testing and the effectiveness of public outrage thanks for joining us dr how do you know how do you describe the cold 19 situation in the United States right now the president said yesterday were doing well i pushed back on that larry you know we have talked about this from the beginning that there is a need for a comprehensive nationwide strategy leveraging the resources of the federal government and bringing them to bear in situations in areas where theyre needed and were feeling that now in the southern United States in the western United States were coping just being ruthlessly transmitted and having terrible things. Not been found to said that we going to have 100000 new cases a day if this is not change you agree with that absolutely theres no question we need a nationwide strategy we need a ....
Is it a u . Maybe its an l. Or perhaps its a z. Or maybe its a w. Or a nike swish. We keep hearing people argue about the shape of the recovery. But this whole debate misses the point. The defining question of this market is very simple. Will we have a depression . Anything that makes a depression less likely causes stocks to explode higher thats what yesterdays rally was about. Even though we gave up some of the gains today, im calling it a consolidation day no matter what dow sinking, nasdaq dipping 5. 4 when you have a bag r big rally yesterday and it us diddant give up everything because of a Late Afternoon sell off, it is a of a kelgs. The issue is not whether well have a rapid v, recovery u, bounce the w, l shape, i dont know the l, of course, is the house of pain for ages maybe we havent started talking about the swish because of the Michael Jordan series. The market s ....
We are working on things that are very interesting and very positive. I thank them for being on the call. Yesterday we unveiled detailed guidelines for governors to initiate a safe, gradual reopening of america. The guidelines provide governors with the factdriven and sciencebased metrics they need to make decisions that are right for their own particular state. To view the guidelines you can go to the website at whitehouse. Gov openingamerica. The treasury sent out Economic Relief payments to more than 80 million americans who have direct deposit information on file with the irs. An incredible success it has been. If you have not received your check please visit irs. Gov, get my payment. That way the irs can get you your payment within days. They have done a fantastic job. You will not have to wait for a check in the mail. I have good news. We sent out 80 million deposits. Less than 1 had even little problems. A couple had minor ....
A few short weeks of stay at home orders being implemented across the country the Washington Post reports that according to the u. S. Department of labor more than 17000000 new jobless claims have been filed in the past 4 weeks and in fact last week saw 6600000 americans applying for Unemployment Benefits in just one week and all the tea leaves are reading that this is just the beginning my friends and that these numbers could actually be on the conservative side of things. But its not just the United States of america facing massive amounts of unemployment new new new new new all around the globe jobs are being lost in record numbers thanks to the covert 19 pandemic in fact the International Labor organization well they now estimate that working hours w ....
[indiscernible] pres. Trump thank you very much. I just had a great conversation with the leading faith leaders of our country. It went extremely well. I learned a lot. We are working on things that are very interesting and very positive. I thank them for being on the call. Yesterday we unveiled detailed guidelines for governors to initiate us a safe, gradual reopening of america. The guidelines provide governors with the factdriven and sciencebased metrics they need to make decisions that are right for their own particular state. To view the guidelines you can go to the website atwhitehou se. Gov openingamerica. The treasury sent out Economic Relief payments to more than 80 haveon americans who direct deposit information on file with the irs. An incredible success it has been. If you have not received your v, getplease visit irs. Go my payment. That way the irs can get you your payment within days. They have done a fantastic job ....