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Seeing a lot of treatment claims. Getting the streets attention. This company appeared virtually out of nowhere. Progress to likes of regeneron, becton dickinson, benefiting from the 1. 6 billion u. S. Government commitment. You have makings of something down the pike that could treat the virus, maybe as soon as the end of this year, in the case of some of these phase 3 advanced trials, maybe as soon as the fall of this year. But being coast to coast were all over the place on all these other developments including out in california where they are extending shutdown provisions now expanding to include virtually all businesses, indoor dining, barbershops, salons, tattoo parlors, you name it. Also focusing on whats going on in florida right now a big spike in cases but as stuart was just telling you some confusion about how many of those cases are indeed positive. Weve got the the latest going on in texas, where the spike in cases is so severe theyre looking at crowded hospital beds. Ree ....
Lot going on as stuart did tell you that whole hearing where the tech giants will gather virtually at least. It is parked back maybe half an hour. I was doing back of the napkin guesstimating on their wealth. That is on, i think is worth about 180 billion. Our Charlie Brady follows this thing would know to the penny. I think it is roughly about that. Mark zuckerberg facebook, close to 90 billion, close to 2 billion, tim cook of apple, thanks to appreciation of that stock, he is at around 2 billion. So lets say you were to add all of this. These are numbers. I added it all up. That is 272 billion collectively. These are among the richest men on the planet, particularly when it comes to bezos and zuckerberg. But putting companies combined market cap at north of 5 trillion. If you were to add microsoft to that bunch, microsoft will not be part of this hearing. They represent the five most valuable companies in the world. Isnt that ama ....
Dow jones up better than 600 points. S p 500 racing ahead. Over 200 day moving average. A lot of technicians Pay Attention to that. Chicken entrails and tea leaves to moi. A lot of people Pay Attention. Nasdaq three or 4 from alltime highs. Already in positive territory but from all time highs. Greasing the skids, hope for a vaccine sooner than later and Nine Companies are into that, thats right, Nine Companies. Well get into that in a second. Optimistic comments from companies as we speak from andrew cuomo. Hospitalizations also sliding. Number of deaths also sliding that could be a Promising Development when we open up entirely the empire state. The whole drill there is up state, down state, new york cit ....
Course, much of war torn europe, afterworld war two, obviously we saw semi Marshall Plan if you well coming out of the depression and of course whats happening in the United Kingdom and germany and china, where they are using ample government forces, and moneys, to find that relief. That is the hope at least as i said many many times on this show very good to have you my friends. The one thing that gets wall street perkolating is this notion not so much stimulus around the virus but something that will contain it, cure it get rid of it so a vaccine and one that looks promising, in this country just could do the trick. Were following that very very closely ahead of the president announcing this plan, and exactly who he is announcing it with. Lets go to Jackie Deangelis to sort of sort through what were looking at right n ....
Attention on the show. The fact that the concentration of cases, still seems to be overwhelmingly in the new york city metropolitan area. That includes all five boroughs. Outside the Greater New York city area. Now that is not necessarily a shock. What tends to be here is the idea that when it comes to the number of new cases and the deaths it is about two out of three in both cases that come from the new york city metropolitan area. Why would i mention that . Because on the 15th of this month were going to see the state ease up on some of the stay at home provisions but that will be largely in upstate new york. So we are telegraphing from what he is saying, this is me making that leap, it certainly doesnt look like it would happen in the new york city area, particularly the concentration of these cases remains in the new york city area. Another footnote on these reports here, most have been at home. Most of these cases, indeed ....