President. His support among independents gone straight up despite the intense opposition of the media and the democrats. More positives. At the president ial town hall, mr. Trump suggested a vaccine is possible by december. Dr. Fauci says january, if everything goes well. That would be a major step towards a fullscale return to work. However, the president also said he could impose fresh tariffs on china. He called that the ultimate punishment. We should point out that there is a new report this morning suggesting china deliberately manipulated the virus for its own advantage. Lets get to the market. It will be opening lower this morning. In part because of the threat of tariffs. Look at the dow, down maybe 200 points. Nasdaq down about 55. S p down about 20. And then theres Warren Buffett. Big news there. He has sold all his Airline Stocks, all of them. He no longer has any money in that industry. However, he did lay out a big positive. He said this economy will come back, quote, not
Because this is over the weekend and weekend reporting tends to be a little different. Member, this reporting system we put in place, this never happened before, where hospitals were reporting on a daily basis. Hospitals have a lot going on, oni wouldnt that the farm any of these specific oneday numbers, but the overall trend is good. The number that is the most important number that we look tremendouslystill distressing is the number of deaths 280. That number has not moved dramatically in a relatively long time. The overall direction is good, even though it is very painful. I think it is important we take a moment and learn the lessons of what we have been going through. This has been unprecedented, what weve been doing for the past 64 days. This was an urgent situation, this was all hurry up, we had to quickly figure out a plan, quickly enact a plan, but now we are a couple of months into it simultaneously, we should be learning the lessons of what we just went through. Itple talk a
Reflection. Do a little reflecting. Today is day 64 since we close down new york. Only 64 days. Feels like a lifetime. Only 64 days. , the totalbers hospitalization rate is down. That is good news. 9786. Below 10,000, which is a big deal for us. 18,have to go back to may 19th to get near that number. March, im sorry. The total number of hospitalizations is down. The number of intubations is down. Intubation is generally bad news. Is 789. Er of new cases that is good news. We were hovering at around 900, 1000. That may be a reporting anomaly because this is over the weekend and the weekend reporting tends to be a little different. Put inporting system we place, this never happened before were hospitals were reporting on a daily basis. Hospitals have a lot going on. I would not bet the farm on any of these specific oneday numbers, but the overall trend is good. The number that is the most important number that we look at, which is still tremendously distressing is the number of deaths. 2
That school about the research and what this means. The author of spillover, animal infections and the next human pandemic, he will be joining us from montana. 202 the area code and washington, dc. For the eastern time zone. 2027488001 for the pacific and Mountain Time zones. 2027488001 if you are 2027488002 if you are a medical expert. The very latest from Johns Hopkins university and the numbers on this pandemic. Around the world 3. 1 million cases and the death toll exceeding 214,000. Joining us from birmingham, alabama is dr. Michael saag. He is the director for the Infectious Disease division at the university of alabama Birmingham School of medicine. Thank you for being with us. Dr. Saag thank you for having me. Host the timing of this conversation, the breakthrough by the fda, this new drug used for emergency purposes. Your school and institution, part of the research. How significant is this . Dr. Saag this is an important breakthrough because it has proof of concept in inhibit
Alltime high. Another Federal Reserve official says he sees growth returning in the second half of 2020 and no need for negative Interest Rates. With lots to come on todays show, well speak with mylans ceo. Well discuss the companys outlook for the rest of the year and whether its seeing a trend of customers stockpiling medicines. And the ceo of Ortho Clinical Diagnostics will join us at the moment we are up 0. 4 on the s p 500. Before we continue, just got to comment, new braackdrop, i love it did you do this by yourself . No, i had some help by the amazing technical staff at cnbc. I think people were sick of looking at my old School Parking meter. Its a great balance between home and work. Cnbc, always with me. Exactly the s p 500 is up about 0. 4 nasdaq up 1. 25, dow is flat. Lets get to the markets as stocks are climbing back from sizable losses at the open all four indices just turned green. Mike santoli joins us with more on todays action. Hi, mike in fact, kind of an extreme exa