Hour. Fox Business Team coverage. Blake burman in washington today, Hillary Vaughn in wilmington, delaware. The president elect is meeting with a group of governors. Grady trimble in chicago where businesses brace for more lockdown related loss. First we start with Lauren Simonetti about the new cdc warning about thanksgiving travel. Lauren . Lauren good to see you, the cdc is urging americans not to travel for thanksgiving one week from today. Were in the worst of the pandemic yet. Over one million americans infected in the past seven days. 80,000 in the hospital. Still look at these numbers. 50 Million People will hit the roads to see family and friends next week. While that is 10 fewer than last year, it is still a large number of people traveling. Nearly all of them, 95 will be traveling by car. So if you are hosting a gathering, this is the cdcs recommendation. Keep it small. Keep it outside. If youre attending thanksgiving gathering, the cdc says bring your own food, drink, plate
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
On friday, President Trump declared a National Emergency to deal with the coronavirus. Members of the White House Coronavirus task force and Industry Leaders joined the president for the press conference in the rose garden. Ladies and gentlemen, the president of the United States accompanied by the Vice President of the United States. Trump thank you very much, everyone. Thank you. Beautiful day in the rose garden, appreciate everybody being here. Today, i would like to provide an update to the American People on several decisive new actions we are taking in our very vigilant effort to combat and ultimately defeat the coronavirus, weve been working very hard on this. We have made tremendous progress. When you compare what we have done to other areas of the world, its pretty incredible. Thet of that had to do with early designation and the closing of the borders. As you know, europe was just designated as the hotspot right now and we closed that border it a while ago. So, that was lucky
Countries were in a Perfect World it would have been nice to know what was going on there. We didnt. But i believe that we acted very, very early in that. We had adequate testing, would we have known . You might not people inherited can i speak to that as well . Made reference to january 31, he suspended all travel from china. Shortly the thereafter we issued strong travel advisors for italy and sections of south korea and we reached agreements with those countries to screen all passengers from all airports coming into the United States of america. The president s initial efforts were designed at preventing the coronavirus from coming into the United States. What our experts have told us again and again at the Coronavirus Task force is that those actions bought us a
significant amount of time on this curve to respond with the kind of mitigation efforts, standing up resources, testing and supplies that are in effect. We went from a prevention strategy, the president acted on before the
The depth, the scope of this International Pandemic . I want to take you on a tour of the United States first using some of the nations front pages. Some of the local papers that are doing the important work covering whats happening at the hospitals. In san diego, the Union Tribune notes this grim milestone, 2,000 dead in the u. S. A number that doubled in two days. To st. Louis, the post dispatch reporting on how hospitals are rationing protective gear. And to baltimore, where the suns banner headline foreshadows much more to come. The headline is bracing for the surge. This crisis does conjure up a hurricane with warnings about the surge. In montgomery alabama, the paper says hospitals are bracing for impact. There are reports from the front lines. Thats what this front page says. The front lines are expecting the unknown. All across the United States from honolulu to waterloo, from tuscaloosa to chattanooga, cases continue to rise, especially in Nursing Homes and other vulnerable lo