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Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing cat ....
Bars and restaurants close . V. P. Pence thank you, mr. President , and good afternoon. Than 2900 cases of coronavirus in 49 states around the country, i want to assure the American People that this administration, all of our partners at the state level and local Health Officials have no higher priority than the health and safety of the American Public. Cap the president s direction we will continue not only a whole of government approach, but as we discussed today, we will continue to build on a whole of america approach to confront the coronavirus across the country. The Health Experts continue to groom firm confirm, based on the latest information, for the American People as a whole the risk of serious ....
And understanding enough about the virus to start putting together diagnostics and begin the process of developing vaccines and other countermeasures. It is a long process but we have enough knowledge to get on that pathway. Host what is the most important thing to learn about the virus . What termsnderstand mean. We are throwing words around. Because they are technical terms, they have a different meaning to people working in epidemiology and Public Health than when they might be echoed in different settings. The most important thing to moststand is we think young, otherwise healthy people, are at risk of infection, but not necessarily at risk of severe disease. People who are older, who have underlying conditions, cardiovascular disease, heart appear, diabetes, they to be at higher risk of more severe disease. Those are the people who seem to be at highest risk of severe pneumonia. That is what we clearly understand right now. Wh ....
Most protected of transmission and understanding enough about the virus to start putting together diagnostics and begin the process of developing vaccines and other countermeasures. It is a long process but we have enough knowledge to get on that pathway. Host what is the most important thing to learn about the virus . What termsnderstand mean. We are throwing words around. Because they are technical terms, they have a different meaning to people working in epidemiology and Public Health than when they might be echoed in different settings. The most important thing to moststand is we think young, otherwise healthy people, are at risk of infection, but not necessarily at risk of severe disease. People who are older, who have underlying conditions, cardiovascular disease, heart appear, diabetes, they to be at higher risk of more severe disease. Those are the people who seem to be at highest risk of severe pneumonia. That is what we c ....
Decision to temporarily lower Interest Rates to zero. Beautiful day outside. I think we have some great things to talk about. The federal reserve, as you know, it just happened 10 minutes ago but to me it makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. ....