Million cases of the coronavirus now clocked around the world. Oared iny, deaths s the United States passed 1000. To cover thisue rally, talking about these energy shares. We will take you to that White House Briefing momentarily. The cohost ofg in what you miss we are having some technical difficulties. Tolier today, i did speak the ceo of the thirdlargest Health Care Network in the country. They have more than 50 hospitals across the country, more than 1000 clinics, and 120,000 Health Care Workers fighting this virus. They are located in california and washington. I sat down with the ceo to talk a little bit more about what they are doing and what they are seeing. Take a listen. We started with our first index case two months ago. The minute we had that first case, we started getting ready. Knowing what was coming and really getting organized. What we knew is if you can keep , youate of rise in cases can get in front of this. So far, that is what we have seen. Ready. Ly got our systems we have not seen massive overloads. We have seen a steady progression. Over the last five days, we have seen the same number of cases on a daytoday basis and we are hoping we are starting to see a decrease. Predictou 80,000100,000 deaths in United States, which is less than the model the president is looking at. How are you coming to those numbers and why the discrepancy . All of these models are little bit different. The models get better with more data into them. Models we are looking at art are predicted if everyone did what we are doing on the west coast and it assumes you are doing all the things right. That could vary. Will we know more within the next we will know more within the next week or two which way it will be. The key is for everyone to stay in place. We are hoping we are right, that it will be on the lower end and not on the upper and. Emily not everything is going to do everything right. Florida only just issued a shelterinplace order. Some models are not projecting cases to peak until august. Happen is that this will happen in waves. There will be parts of the country that get through the waves and start to improve. Is a model where that way will be. The tricky thing is, once the wave subsides, lets say arttle, then there is the to turning things back on. You just dont turn a switch and say business as usual. Time, we do a lot of testing. That is what we learned from korea. They started really testing and making sure the disease was not starting to spread again and that is what we will have to do. As we do that across the United States, it is not going to be the whole country at the same time. It will be parts of the country in different places. The turn on has to be done carefully. We cannot just say, lets get everyone together. Start to ease in slowly. At the same time, do a lot of surveillance. Emily i know you have been talking to medical officials in china to help you best respond. Bloomberg has reported that u. S. Chinaigence has said that has massively underreported their numbers. What is your assessment of the real situation in china . We are not getting into as much of the numbers or the politics. We are talking about the science. U . W do we manage someone in ic what are the things they learned about getting people off ventilators . If you think they are going downhill, get them on a ventilator sooner than later. There have been a lot of aretical things that clinicians have been putting into play right away. You can catch that full interview at bloomberg. Com. Coming up, we will talk to the ceo of verizon. How well will mobile networks stand up with all of this pressure on them . We will take you to the Daily Briefing at the white house. President trump will start speaking there any moment. We are hearing the treasury secretary will be there as well. We will be right back. Emily welcome back to bloomberg technology. With millions of people working from home around the world, the question remains, how well will are noble will our mobile networks hold up . Westin,o bring in david who has a very special guest. By the ceore joined of verizon communications. Welcome back. You gotta shout out by President Trump yesterday saying how great your network and other networks are holding up. Is he right . Crisis, the Network Becomes an extremely important infrastructure. We have Enormous Growth in the network. Amount of mothers day. 9 billion messages. Growth in the network. At the same time, we have seen ,rowth of gaming in the network 60 vpn. I feel good about our network and our broadband network, they are holding up well. Important to keep many countries up and running. David it is good to know you are holding up well. Give us a sense of the curve. Is it holding flat or does it continue to grow, and at what rate . We see the vpn is growing two to 3 . Gaming is up one or 2 . Exponential. Is not metric. Ive you another handles, they are down 29 in the u. S. , meaning devices. E using toward people are moving less and the network. Dramatic shift in behaviors and how they are using the network. Fascinating. I had not thought of that. That is one indication of social distancing. Point . S the biggest weak what are you worried about . Now, so far, so good. , we haveepared increased our guidance for the year. If we see be prepared some weaknesses, which we dont see. Action for a responsible company. It reassures jobs for many people deploying our networks across the u. S. I was wondering if you would have to increase capital investment. Are you finding and available . Are you finding it readily available . Yes, we do. The supply chain and infrastructure is intact. Say that hasld worked well. I foresee some more complications and states in the u. S. In states in the u. S. From an infrastructure point of view, you still have access. It is critical work to maintain the work. Making sure hospitals have the globald capacity, corporations that need to operate in these times. Up in do you see a step new Customer Acquisition . Are you seeing that trail off . General, the stores that are open are mainly only by appointment. Working,pment is not you need to fix your wifi. Course, people are keeping their service up so they can communicate with friends, family and working. David are you seeing any difficulty with customers being able to pay their bills . Huge jobless claims, a lot of people out of work. Are you seeing people late paying or asking for concessions . Have agreed to keep america connected. Servicesrminate because of the inability to pay. Important thatso the small and medium businesses and residential are connected. We have increased all the data per month automatically. We are doing everything to see that our country that our customer can continue. We are in the middle of this crisis right now. I am sure you are thinking about this. Is this changing your view on the future of verizon and where you will invest and where you have Growth Opportunities . People willt that stay with the increased use of your Services Even after the crisis has passed . You need to work with crisis management. You also need to think about the future. You have to continue as a Strong Corporation for your stakeholders. Market wills in the change, which might mean different products or applications. It is such a big impact on our whole society. That will change Technology Becomes even more important. We think about it but it is too early to make any conclusions but i am certain we may come back to something called normal, it will be a new normal. David thank you so much, always great to talk to you. He is the ceo of verizon communications. To acetow we will talk who a ceo who has just informed his employees that he has tested positive for covid19. He is the ceo of booking. Com. I appreciate you joining us under the circumstances. How are you doing . Thank you for having me. I am pleased to say that i am physically fine. Hard becauseit is i feel so fortunate that i am over it and it is not a problem and so many people have not had the same course and have had a much harder time with this virus. I feel so sad for all of them. I know a lot of people are very scared about catching. Out withone will come such mild symptoms like i did. Emily you have a lot of work to do. There have been an unprecedented number of cancellations and im glad you are feeling better so that you can start to deal with all of this. Give us a picture of your business right now and what you are saying in the Global Travel industry. It has come to almost a standstill in many places. Other places are still business as usual. Areot too many places business as usual. Some parts of the world where there is some travel happening. I will say that we have been dealing with a lot of customers who, because they cannot go where they wanted to go or have been prevented by governments, so we have been dealing with a huge amount of customer inquiries, 400,000 contacts a day at booking. Com. Our Customer Service people are handling it. What parts of the business are the worst for you or the most trouble at this point . It reflects what you are saying in the newspapers or on your show. People are saying that western spain. Italy, u. S. , scarsdale, new york, where i live, it is really a problem. Some places are accelerating. Asia seen past the peak. We hear about china where there is a slight resurgence. Overall, we have to accept that travel entered this problem first and they will be the last ones to leave it. There will be a lot of hesitancy for people who want to travel. I know this is something that nobody likes to hear. It will be sometime before travel comes back. Emily how much time . There is the potential for a resurgent in various places that have already faced it. How long will it take for the travel industry to rebound . I think that is the 64,000 question. I do believe there will be hesitancy for from many governments around the world. Be a lot real a lot of restrictions for some time for people to travel freely. Down the recovery for international travel. Overall, people will be concerned about getting on a plane or going anywhere because of the concern about getting ill. We need a vaccine, of course. That will make it so much better. The second thing, we absolutely need governmental assistance. It is happening somewhat. We saw those first steps, we saw the u. S. Government step up and we are seeing governments around the world. I want to make this clear, it is not going to be enough in the long run. We will need more. A second. G on the Daily Briefing at the white house is starting right now. The president at the podium. In control of our own fate, maintaining social distance, practicing vigorous hygiene and staying at home are the most effective ways to win the war and escape danger. While you are fighting this battle from home, we are working with the best scientists, doctors, researchers anywhere in the world and we are racing to develop new ways to attempt against the virus as well as therapies, treatments, and ultimately a vaccine. I think we are making a lot of progress. At the same time, we are racing to get relief to American Workers and Small Businesses. I want to remind Small Business owners across america that the Paycheck Protection Program is launching tomorrow. 350 billion in loans will be available to Small Businesses, including sole proprietors. These loans are up to 100 forgivable as long as employers keep paying their workers. Take care of your workers. We want Social Security beneficiaries to know that if they are typically not required to file a tax return, they do not have to file one in order to receive the direct Cash Payments that will soon be distributed to american citizens. The treasury will deposit the money directly into the bank account. I will always protect your Social Security, your medicare, and your medicaid. We are protecting Social Security, medicare, and medicaid. She like to invite will be very busy in the next little while. To secretary Steven Mnuchin say a few words about these initiatives. And then we will get onto the attack of the virus itself. Thank you. Thank you, mr. President. Mr. Vice president. Trump, and allka who i have been working closely with in this effort. All business is the backbone is the American Economy and the president has put the nations 30 million Small Businesses front and center in the response effort and we are working hard to get money to them. This is an unprecedented effort by this administration to support Small Businesses and we know there will be challenges in the process. Secretary mnuchin and i are working in tandem to ensure feedback from our partners is being heard and implement it. The private and Public Sector must works closely must work totally together to make sure Small Businesses are put first. If you are a Small Business, you are a critical part of the economic fabric of this country and your viability is critical to the economic wellbeing of your employees. We are working around the clock to support Small Businesses ensuring we are prioritizing emergency capital for Small Businesses that are suffering economic harm as a result of this unprecedented situation. This relief will help stabilize the Small Business sector by providing businesses with the Financial Resources they need to keep their workers employed in keep up with their daytoday operating expenses. I want to ensure that Small Businesses all over the country know about the Paycheck Protection Program and how they can benefit from this. Paycheck Protection Program is to help keep employees on payroll emily you are listening to the daily White House Briefing talking about what they will be doing to help Small Businesses. You can continue to listen to this on the bloomberg terminal at live go and we will be right back. Welcome back to bloomberg technology. Has socialthat security recipients wont need to file a new tax return and will have that part if we dont have your direct deposit information, we will be putting up a web portal so that you can put that up. It is a very large priority. We want to get this money quickly into your hands. I am pleased to report that we continue to work closely with the federal reserve. We are in the process of designing a new facility that we call the main Street Lending facility. We are looking at facilities for state governments as well. I am pleased to report the Employee Retention credit. The first 10,000 of wages, you get a 50 credit. That is 5,000 per person. For everyone who was kept someone, you can immediately get that money. You can deduct it from what you owe the irs. That is up and running. We have the program up and running and we are taking applications from the airlines, the cargo companies, and National Security companies. Thank you very much. Saying they do not have necessary guidance from the Treasury Department to be able to accept loan applications tomorrow. If at least one major banks as they are not fully empowered i spoke to all the ceos yesterday. Yesterday. Y we got very input good input yesterday about what they needed. We just put up the federal register the new guidelines for lenders. Banks tored that the begin the process tomorrow. It will take a little bit of time but we committed that this will be available tomorrow. All companies go to treasury. Gov and you can see the information you need immediately. They were on that Conference Call in their is a tremendous power struggle going on between treasury and sba. Out becauseopting they cannot make enough money to service the loans. How are you going to make sure these Small Business owners get the capital they need to survive . Work for me. O there is no power struggle. We Work Together until 4 00 in the morning and started working at 7 00 again. We made the form simpler. I have told these bankers they there will never opportunity , you arerect deposit saying two weeks. I do not know where you are hearing these things. I told you this would be three weeks and i am now committing to two weeks. The irs, which i oversee, within two weeks, the first money will be in peoples bank account. For those who have direct deposit, it sounds like those will go out quickly. Those who do not have direct deposit from that process could take up to five weeks. That is not going to take five weeks. When obama sent out these checks, it took months and months and months. I am assuring the American Public they need the money now and we will we have your information and you will get it within two weeks. Social security, you will get it very quickly after that. If we dont have your information, there is a simple web portal. We will send you checks in the mail. We can process a lot of checks but we do not want to send checks. We do not want people to get checks we want to put money directly in their accounts. There have been some anecdotal reports of Business People trying to get access to the onl