To honor the work we are doing. Our country and our company runs throughout our veins and when the crisis began, we all wanted to find a way to create the equipment that the country needed. Our team has stepped up and worked tirelessly for a common cause. Our workers both hourly and salaried have done their very best to put safety first. To stay safe, strong, and on the job. I do want to take a moment to ask our team members to remember all of our health care workers, first responders, a central workforce that have given their lives in order to serve and protect the public during this extraordinary challenge in our country. It has been a privilege leading this team and i am so proud to be part of the ford motor led effortlessly by bill ford. Without further ado, please help me give a standing ovation from introducing our executive chairman of lord Motor Company, bill ford. [cheering and applause] bill ford hello, everybody and thank you so much angela and thank you for your tireless le
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like they are close to a deal. Andrew, ill send it over to you. Meantime, the latest on the pandemic the number of confirmed cases worldwide now totaling more than 1. 2 million. More than 330,000 of those are right here in the United States and more than a third of the u. S. Cases are in new york state. The death toll in america standing at more than 9600 overseas, british Prime Minister Boris Johnson was admitted to a hospital for tests a spokesman called it a precautionary test the Prime Minister test
American ships. Iran successfully launched First American military satellite. That is was a success as nearlyhundred drug rules are trials are happening around the world to fight covid19. The president said nearly 300 active drug and vaccine trials are underway right now. Also, this is happening as well. The president is moving to sign an executive order to temporarily suspend for 60 days immigration to the u. S. For people seeking permanent residency. Also breaking news, the pause will also apply to green card awardees who are currently overseas. Welcome to the show right now as we await the president. He is about to speak at any moment. Lets bring in ohio representative, steve chabot. Good to have you on. The your reaction to the temporary order seeking a pause not just for those seeking permanent residency but also green card applicants . The president says he wants to protect health and jobs as 22 americans million americans are out of work. Your reaction to this. This current envi
Are interesting and going down and going in the right direction. Cases in the boston area are now declining. The chicago curve appears to have flat yepped and detroit has past its peak. These trends demonstrate our strategy to battle the virus is working and more states will oon be in a position to safely reopen. Very exciting, watching what is happening and people are getting ready and all excited. Robertnt to mention, dr. Redfield was totally misquoted in the media about the fall season and the virus. Totally misquoted. I spoke to him and he said it was ridiculous. He was talking about the flu and coronavirus coming together at the at the same time. And we will knock it out. Well knock it out fast. Thats what he was referring to. Coming together at the same time. And rather than waiting, i would ask dr. Redfield to to straighten out. He didnt say it was a big explosion. The headline in the Washington Post was ridiculous, which is, as i say, fake news and crmp nn is fake news, which t