11. 5 . That in turn is turning the stock herd to one particular investment. We are tracking all the action in this final hour of trade as President Trump prepares to face reporters in about 30 minutes from now alongside his polish counterpart. The two at this hour are behind closed doors, surely discussing reports that europe may ban travelers coming from america when its own borders reopen. Will that spark a new trade tiff . We will bring you the meeting live as soon as it happens. Plus we have a tesla mystery. Team countdown drone patrol capturing these images of a huge unmarked lot on long island that is teeming with what looks to be shiny brand new teslas. While we are still weight on at thes tesla to reply to our inquiry, we are trying to find out exactly whats really going on behind the curtain at the ev giant. What the latest images on the side of your screen are now saying about elon musks empire postcovid19. A dose of reality hitting one of facebooks Virtual Reality goggle designs. As mlb marks the restart of baseball season, we have the list of baseball stocks. Lets count the clock here. 59 minutes before the closing bell rings. We are starting the claman countdown. We are focusing right now with that flight to quality trade and it appears as the dow drops, check it, 674 points right now, the safe haven choice appears to be not gold, but government treasuries. Look at the tenyear yield. Its now at. 69 . It has dropped from what was this morning a yield of. 72 . So the lower the yield goes, the more fear is coming into that trade. Now, we flip it over to gold which oddly has lately moved in lockstep with stocks, meaning when stocks go higher, golds gone higher. Kind of weird. Normally, people leave stocks and go to gold. Gold is actually falling about 7. 90 a troy ounce but look at this price. At 1774 an ounce, still hovering around an eightyear low for gold. All right. Youve got to stay with us. We are going to get you through this hour. We will start with some major stock stories. Some are popping and some are dropping in this final hour but lets be clear, all areas of the travel sector are getting hammered on this worry about new, you know, quarantines and, you know, you did it to me and ill do it to you kind of thing when it comes to europe. Global Airline Majors to the european carriers are losing altitude at this hour. They were already floundering on word the European Union diplomats are today convening to consider blocking all visitors from the u. S. Due to the sudden spike in coronavirus infections. Then Airline Stocks got a second slam. These are european carriers. You can see the parent of british airways, the top one there, International Consumer airlines, down 7. 8 . Ryan air out of ireland down 5. 8 . But three hours ago, new york, new jersey and connecticut issued quarantine orders for visitors coming from states that are seeing an alarming new rise in covid cases. We are talking about alabama, arkansas, arizona, florida, north and south carolina, washington, texas and utah. So that certainly forced the markets to take another leg down. Lets get to electric vehicle makers. They are on the move. Chinese ev star neo is dropping about 4. 5 after Goldman Sachs reversed its recent bull call and cut the stock to neutral citing valuation concerns, because you know, its gained about 72 monthtodate. Forget quartertodate. Nikola is also under pressure as the allelectric stock truck space gets busier. We do have nikola down 1. 7 . The newest entrant is a truck called the endurance out of lordstown motors. Plus jpmorgan initiated nikola out of neutral which is basically analysts versions of meh. Check out the pop in that bottom stock. Workhorse. Its up 28 right now. These are the guys who make electric vans for last mile deliveries, next gen van just passed federal safety tests. Word is ups and the Postal Service are likely customers. Year to date that stock is up 130 . Facebooks stock is down right now after the social media giant managed to annoy both activists and gamers at the same time. To the gamers piece of this. Facebook is down 3. 6 . Facebook announced its oculus go Virtual Reality headset is now not at a go, its a full stop. Facebook will discontinue the lower priced device which used 3dof, three degrees of freedom. It measures the rotation of a users head versus the model fb is keeping, the quest version, which offers 50os. Six degrees of freedom. Thats the full rotation including pitch, yaw and roll. I sound like a pilot here. Quest is triwice the price as t one they are letting go of. As for the activists, add ben jerrys to a group of activists boycotting advertising on facebook and instagram, saying they do not do enough to remove hate speech on its platforms. Those are our pop and drop stocks. Speaking of gaming, a big hit during lockdowns. Well, time to check if the stayathome trade is hot again with all this breaking news regarding new covid spikes and the travel shutdowns. Lets check the performance of the allstars. Quartertodate, zoom is up 70 . Peloton is up 100 . Cloud computing specialist fastly is up 278 . With nothing to do, folks have in the past, over the past three months, been glued to their playstations and video games but as you check sony, we are talking about these over the past three, four months here, sony up 19 , ea, Electronic Arts up 30 , nintendo, maker of the switch which got superpopular during the lockdowns, is up 16. 7 . Lets look at couch space names with the gamers. Folks watching telly all day. The streamers, netflix, apple, disney all up, as you can see, anywhere from apple being up 41 to netflix up 22 . But there are so many other stayathome favorites that people thought would probably die down or get a sale call on. We bring in our floor show traders. Does today change everything . To phil flynn first. Does it, and please tell us what your trades are right now in this space. You know, i think obviously we are going to see a correction because of this but no, i dont think anythings changed. I still believe even with the uptick in the coronavirus, we are still on the road to recovery. But having said that, these stayathome stocks are still going to continue to do great, right . We are already seeing that today and thats the play. We dont know the netflix names, we all know the names we have been talking about that you mentioned, but some of the ones you really havent been watching that have really performed almost as well, if not a little better, splunk, for example. I love that name. Dont you . Splunk. Its done fantastic. Yes, it of course basically uses a lot of the Cloud Technology to handle a lot of these athome stocks. That stock has done tremendous. The other one is in chicago, we would never do this, but dominoes pizza. If you are sick and tired of cooking, dominoes delivers. In chicago, we dont do that flat stuff. We do real pizza. But a lot of people like that stuff. Liz splunk. Spelunking is something i get nervous in tight spaces, i would not be doing that with the cave exploration, teddy. Give me your names and what you see a day like this doing to what had been some real optimism about reopening. Well, i think, yes, we have had a market thats climbed a wall of worry and there have been plenty of things to worry about and there are still a lot of things to worry about. We dont know what tomorrow brings but certainly today, the weight of all the worries clearly is weighing heavy on the market. I tend to look beyond the stocks that are kind of the du jour stocks of the moment to a couple more stable names. But i would agree, if you want stocks to take advantage, you know, of the stayathome trend, i mean, you have to look at Delivery Companies like fed ex, ups, and perhaps walmart. But i prefer to look at stocks like bristolmyers because i try to look beyond the current favorites to where we are going to be a year, two years and three years from now. I take a much longer term view of things. But clearly, fed ex, ups, perhaps walmart, you know, they are right where you want to be at the moment. Liz yeah. I would think. Boy, how many of us have had to break down the cardboard at the end of every week with all of the deliveries. Gentlemen, thank you very much. Phil, i just want a quick question about gold. Why is gold moving lower on a day where you would see that flight to quality . You know, we have broken out and saw gold at the highest level, what, in 12 years yesterday. But this is a general riskon play. You will see this a lot. When everybody starts selling everything, gold sometimes gets caught up in the mess. But if you want to be long on gold, wait a little bit because when the market turns, gold should lead the way back up. Liz yeah. Gold has been very interesting and to see it near 1800 would be a nineyear high. Gentlemen, thank you. Great to see you. Dont go too far from your skype cameras because we have a lot of action here. Dow jones industrials down 2. 5 or a loss of 655 points. I remind you, the low of the session is a loss of 859 points for the dow. Weve got the closing bell ringing in about 49 and a half minutes. Every minute will count on a day like today. Speaking of every minute, its a bird, its a plane, no, its a satellite. You will not believe the disturbing trend one company has uncovered with their satellites focused on the epicenter of the Coronavirus Crisis in china. We are going to break down what they have been able to deduce about the timing of when corona really began. The claman countdown is coming right back. Stay with us. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. [shouting] [clapping and shouting] [cymbals clanging] [knocking] room for seven. And much, much more. The firstever glb. Get 0 apr financing up to 36 months on most models, and 90day firstpayment deferral on any model. We could never do what they do. But what we can do it be a partner that never quits. 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Liz all right. So walkdowns are very much a part of todays news. Are they going to be reimposed. During the first round of stateimposed lockdowns, no car Company Launched a more public fight to reopen than tesla. Now, while as you can see the stock has now recovered and is up about 75 since the first confirmed u. S. Covid case back in january, ceo elon musk was so frustrated that he threatened to move his electric vehicle plant out of california, because california was dragging its feet on letting him reopen. Well, we now have visuals of the dramatic production freeze that tesla endured. Rs metrics is a company that takes satellite and Drone Imagery to help Institutional Investors see how busy a companys operations are. What youre looking at on the left is january 14th, this is the employee parking lot at Teslas Fremont plant. See all the red . Those are employees cars. Nearly 3700 cars captured preoutbreak. In march, thats the middle one, it drops to 799 cars. But by april, thats the far right one, down to just 480 cars. But images of teslas finished car lot, where they put all the new cars, are even more stunning. Midjanuary, a booming, this is on the left, a booming 779 new cars were ready to go. That number fell to, by march, about 250 cars and by april, a stunning plummet to just 159 new teslas in that lot. Tom diamond is president of rs metrics, the Company Behind those images, and behind some new alarming ones from wuhan, which appear to show the Virus Outbreak started kind of well before china said it did. Tom, lets start with the wuhan images. We will get to tesla in a second. What have your images turned up and what are you deducing from those images now . Well, we measure hospital traffic for almost ten years. A lot of it is for hedge funds looking at tenet in the u. S. To forecast price, we also do hospital traffic for epidemiology and virology and studies in latin america, argentina, chile, to see hospital trends rise right before outbreaks. In wuhan we saw something similar using the same global methodology that we use. We look at hospitals all over the world and have for a long long time. In wuhan, it wasnt a surprise, just before, you know, the public really knew or released the official numbers, hospitals were already filling up and we see that everywhere. If you look, one of the images i think you are showing is october 2018, you know, the hospitals, and you can flip to the next one, you can see an increase in cars there. Liz hold on. Hold on. Hold on. Thats 2018. So you can see its kind of sparse. Now please lets flip to 2019 of the exact same lot and this is wuhan hospital, and its starting to fill up. This is october. Yeah. And you know, if you look at a time series chart of that hospital and others there, the six total we looked at, they follow a similar pattern. Its something we have seen for a lot of the other locations we have seen before. So again, it wasnt too surprising to us, but you know, to others that, you know, it looks like it did start a little earlier than people thought. And you know, now that liz let me just interrupt you here. Let me just say that china had indicated that it began in december, but youve got another hospital here, the hospital at wuhan university, thats showing the same thing, 2018 and then we can flip over to the hospital from 2019 and its starting to f fill up. Again, this is october. So they kind of must have seen something, right . Yes. And just to be fair to everybody, even in the u. S. , where theres a lot of data, sharing of information, there still is a delay before hospital traffic fills up and people realize theres some kind of health issue. Doesnt have to be a virus. It can be anything. The reason is, you know, the number of cases at a hospital is different than the number of cars in the parking lot. Cars in the parking lot is activity. Theres doctors, nurses, emergency vehicles, patients, and that is really the signal ahead of these outbreaks. Liz all right. You are also tracking some medical centers in arizona. Tell us what we are going to see here when it comes to the arizona hospital. I think the two examples you have there are valleywise and banner thunderbird. They are two bigger hospitals in Maricopa County which has most of the covid cases now. Its another example, exact same methodology, we just track the number of vehicles at these hospitals. The increases you are seeing there, if you are looking at the images we are showing here are all from this year. In arizona, the most recent outbreak really happened at the end of may and early june, and i think i dont see right now but one of the images is from april of this year and the other is from june this year. You can see its about a 20 increase in cars. Liz this is june. Yes. Liz yeah. Yeah. I see that. Yeah. The other one, banner thunderbird, very similar. We see the same thing at the other area hospitals there. Also in washington state, we have data on the va puget sound hospital which is also showing an increase, kind of before everybody knew things were happening in washington. Its just the point is at one hospital, this is maybe not such a signal but when you start to see 20 hospitals around you all showing 15 , 20 , 30 growth, that is an obvious trend. Liz yeah. I want to just get to tesla before we go. The tesla new cars, that lot, those pictures were really stunning to me because you start to see an almost immediate emptying out because they had transported out the new ones and there were no Assembly Lines working, so we can show you those and they begin as i have my papers here, we start to see the actual production in january where it was pretty jampacked on the far left. There it is. Look at all those yellow dots. Those are brand new cars. Then it really goes down from 779 new ones to 159. We had a drone that went over a lot in tesla lot at teslas in this unmarked area in long island. What do you glean from a parking lot . Well, our metrics is measuring Teslas Fremont plant since 2014 or 15 when it first ramped up and took over from toyota. In the early days, the question about tesla was number one, is there demand and number two, can they meet the demand with production and deliveries. That is why we did a lot of work around tesla for hedge funds and others. That slowed down for us because last year, tesla started doing better with their production, they Beat Estimates Fourth Quarter last year, but covid has started all up again, and now the issue is can they meet their production targets again and deliveries. You know, a parking lot, the images you see there, all the yellow cars are mixed together but we actually differentiate the model s, x, 3, y and show those individually as well, and you can see liz you can seen do that. Yeah. What you see is all the, you know, the data that rs metrics provides, it provides a signal. You can use it to try to forecast an exact number but its more about a signal about where its headed, so you know, for a long time, this has been a big piece of how people look at tesla when they are investing. You can just imagine, you can imagine elon musk seeing his factory drop down like this after working so hard and that explains some of the frustration. Liz yeah. Yeah. But quite a tool that rs metrics offers for certainly Institutional Investors and regular investors as well. Thank you so much. Great to see you, tom. Tom diamond of rs metrics. Closing bell, we are now 37 minutes before the closing bell rings as we await President Trump. Hes about to hold a News Conference in the rose garden with the head of poland. Charlie gasparino has some breaking details of what may very well be the next round of stimulus. Thats next on the claman countdown. We are now down 591 points. vo since our beginning, our business has been people. And their financial wellbeing. Its evident in good times, with decisions focused on the longterm. And crucial when circumstances become difficult. That continued emphasis on people our advisors, associates, clients and communities gives us purpose, strength and a way forward. Today. And always. Im szasz. [norm] and we live in columbia, missouri. We do consulting, but we also write. [szasz] we take care of ourselves constantly; its important. We walk three to five times a week, a couple miles at a time. Weve both been taking prevagen for a little more than 11 years now. After about 30 days of taking it, we noticed clarity that we didnt notice before. Its still helping me. I still notice a difference. Prevagen. Healthier brain. Better life. Liz all right. Just as Major League Baseball gets ready to finally say play ball, could it be the right time to now look at baseball stocks . Major League Baseball has finally settled, in case you didnt hear, on a 60game schedule that will start july 23rd or 24th. The league abruptly suspended play back on march 12th due to coronavirus fears. Lets get to the stocks that could move on the news. Draftkings just itching to take those baseball bets. Sirius xm ready to step into the batters box with play by play audio coverage of every mlb game. Theyve got that deal. And of course, the Atlanta Braves tracking stock. This gives fans a chance to actually own a piece of the team. Its batra. Props to mario gabelli. He flagged us on that. Nike has an official partnership with mlb. They are all down today because of the selloff. Nike has a deal with the mlb to outfit players. Under armour sponsors individual players from buster posey to cody bellinger. Disney and fox have their eyes and cameras on the ball. Disneys espn has struggled to hold subscribers with no sports news or highlights to the show over the past couple months and fox carries mlb games live and paid a pretty penny to do so. A tenyear deal between fox and mlb was struck in 2018 worth reportedly 5. 1 billion. Show us the money. Congress is haggling over just who should and more importantly, who will get aid in the next round of stimulus funds. To Charlie Gasparino with exclusive details. I guess whats on the chopping block and what might be added. Right. My tweet a few minutes ago moved the market off its lows. I dont know if its Still Holding that. But its making the rounds because, you know, heres the bottom line. The Trump Administration knows that in order to get reelected they need the economy to improve. They need to get if they have a fighting chance against joe biden in 2020, which they do, they need to get unemployment down below 10 . Thats the prevailing wisdom internally. They are really pushing for a stimulus package, they are pushing their friends in congress, namely Mitch Mcconnell, Senate Majority leader, for a significant bill and it looks like its going to be between 1 trillion, maybe 1. 25 trillion. The details are whats kind of interesting. We are getting some word on the details. I should just point out, liz, this is a moving target. It gets haggled in congress, they go back and forth and back and forth. They negotiate. The rubbers going to meet the road in a couple weeks where they really get down to the fine print. So just be prepared for this thing to change. I can tell you as of now, heres some of the stuff were hearing. They are pushing for roughly a trillion, you know. We are talking between a trillion, 1. 25 trillion. Individual stimulus checks are losing some steam. One of the reasons why, people are backing off, they are saying a lot of these checks havent been spent. Apparently people are saving them. And you really want them to spend it to spur the economy. So they are thinking maybe theres a better way to get money into the economy, to bolster it and to get unemployment down. Thats losing some steam. Also losing some steam is that coronavirus Liability Protection for businesses so they cant get sued by class action lawyers if employees come back to the office and get sick. That may be handled at the state level is what im hearing. But still, i know a lot of republicans and their friends in the Business Community really want that and i will wait to see whether Mitch Mcconnell ever drops that. But thats what were hearing. Thats losing some steam. Heres the interesting thing that we are hearing thats new. Theres talk in congress of directing some sort of stimulus at individual businesses that were hardhit, travel, lodging, you know, entertainment, stuff that is going to continue to falter as we practice social distancing before we get a decent vaccine for covid. I guess if you listen to republicans, its not going to be cash payments, its probably going to be some incentives, maybe tax breaks. But they are talking about this a lot, individual industries that got hardhit get some relief. Thats on top of the other stuff were talking about, infrastructure, we spoke about that the other day. I dont think theres going to be two bills, one infrastructure, one stimulus. I keep hearing theyre going to probably combine it all into one. Part of that infrastructure will be a broadband buildout. That will be some money in there. Maybe some checks to states, too. Many states hardhit by the lockdowns. Nancy pelosi, big constituencies, state and local workers because of budget problems, in new york, in illinois, in california and elsewhere. Those employees could get laid off. Or are being laid off to make it work. Maybe not illinois. Thats the one state that isnt laying off anybody from what i understand. They are looking for bailout money. Thats where we are right now. The details are starting to take shape. Theres a lot of political will to do something. The Trump Administration wants it for obvious reasons. And you know, i guess next week, maybe, we might get a better feel or sometime after that, we are going to get a better feel as to exactly how this thing works. And exactly whats in, whats out. Back to you. By the way, on baseball, stay away from stocks that track teams. Every Baseball Team i know liz theres only one. Is losing tens of millions of dollars with not having fans at the gate, things of that nature. Liz your buddy gabelli loves it. I have been doing a lot of reporting on the mets steal. The mets are in particularly bad shape. But all these teams that, you know, they are not they are not making any money right now. They are losing money right now. Liz okay. Charlie, thank you very much. Charlie gasparino. Dow jones industrials down 636 points. The nasdaq, well, looks like we are on track to snap an eightday winning streak. Well be right back. You turn 40 and everything goes. Tell me about it. You know, its made me think, im closer to my retirement days than i am my college days. Hm. Im thinking. Will i have enough . Should i change something . Well, youre asking the right questions. I just want to know, am i gonna be okay . I know people who specialize in am i going to be okay. I like that. You may need glasses though. Yeah. Guidance to help you stay on track, no matter what comes next. Quadrupled their money by 2012 . And even now, many experts predict the next gold rush is just beginning. 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Liz the president is just about to hold his first facetoface News Conference with a foreign leader but he already had the meeting there facetoface in the oval office. This is the first since the coronavirus pandemic began. We are awaiting that joint News Conference with the president of poland, president duda, set to begin at any moment. Blake burmans there at the white house. Hes going to give us the walkup to this event. Blake . Reporter Beautiful Day here in washington, as you can see the setting there in the rose garden behind us over here at the white house as we await this News Conference. There are a host of items that these two leaders, the leader of poland and President Trump, could potentially get into. Among them at the top of the list, troop levels as President Trump has talked about the possibility of reducing troops out of germany and one of the thinking is that those troops could eventually make their way over into poland as the president has consistently touted the relationship he has had with poland and the defense spending within that country as well. But theres also other items as well, like travel between the u. S. And europe, what might that look like in the upcoming months along with tariffs against the European Union, as that still hasnt been hashed out. The headline going into this, as you talked about, the fact that this meeting even happened. The first facetoface meeting between President Trump and a world leader during the covid19 pandem pandemic. President trump making these brief remarks in the Oval Office Just a little while ago. Watch. I think its a great honor and frankly, polands a country we have a tremendous relationship with and i have a very good personal relationship with the president. So this is the first after covid, after the start of the plague as i call it, and its an honor to have you here. Reporter this was sfoefd uppos start about ten minutes ago but ten minutes late is just about on time here. The president expected to take to the podium any moment now. Press conference, questions from the media, we believe two from the u. S. Side, two from the polish side, though you never know. A lot to get into as we are about to hear from President Trump shortly. Liz . Liz this is crucial to the markets. I want everybody to know, blake, i know you know this, but if one of those questions has to do with whether the European Union, of which poland is a member, is about to ban travelers coming from the u. S. Once the European Union opens its borders again to nonessential travel, could affect the markets. In fact, it already kind of has today. We have the dow down 646 points right now. The s p is slipping alongside the nasdaq as well. S p down 74. Nasdaq down 200. This is a techdominated index which just celebrated its 21st record close of 2020 and that was yesterday. A little hung over at this hour. All three indices about 2 off as the covid surge, those trade fears and a plunge in crude are fanning the flames of the stock selloff. So i said i know he finished his show but lets get Charles Payne back in the chair because charles, you have a prism through which you look when you are talking specifically about stocks and news that intersects with them. Which names are you looking at right now . Im looking at a lot of these consumers names still. One of the things i like are names that do well during the covid crisis, particularly during lockdowns. Those names that will also do well postcovid. Dollar general, yeti, target has come in really nicely, wingstop has been absolutely phenomenal. And united rentals, their earnings estimates have been going higher and higher and higher. This is without infrastructure which probably is still a long shot but if there were something out of d. C. , this would probably send that stock parabolic. Those nasdaq names, the tech names, the growth momentum darlings you just referenced, i watch them all the time. I have been buying them, days like this, i didnt do anything today but another day like this and i would load up on two or three of them right at 350 and usually have done pretty well with that strategy because we got a selloff but i got to tell you, it could be a lot worse. The fact that it isnt is also liz yeah, true. People are saying darn, i missed that bottom back in march. Well, folks, you know, the market is 600 points cheaper at the moment, at least. Yeah, yeti, i dont know anything about them. I only have 50 of these. They are too expensive but the stock is amazing. Good to see you. Thank you. Charles payne. We are awaiting the president. Please. I will make you work overtime any time. We are 17 minutes away. As charles said, we are watching this market but as blake said, any minute now, the president is going to take the podium. Yes, we will take it live. Dont go away. We are coming right back. Where will you go first . Wherever you make go, lexus will welcome you back with exceptional offers. Get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. Now every bath fitter bathbath fis installed quickly, experience amazing safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. And now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz breaking news. We are taking you right to the rose garden. President trump has just arrived with the president of poland. Lets listen in. Great country poland is. And its my honor to have a friend of mine here, president duda of poland, who has done an incredible job and i do believe he has an election coming up and i do believe hell be very successful so thank you very much, and all of your representatives. Thank you very much for being here. This is the third time that we have hosted president duda. The first lady and i also cherish our remarkable visit to poland three years ago, that was an amazing event. We had an event because it was a speech and lot of people watched that speech but it was a very historic moment and an important moment for our two countries. The american and polish people enjoy one of the worlds oldest, strongest and most enduring friendships. Polish patriots battled by our side to secure american independence, american and polish warriors fought and died together to defeat the nazis in world war ii. The United States stood shoulder to shoulder with poland and its courageous struggle against communist oppression. Our bond has been forged in battle, sealed in blood and strengthened by our shared cultural values. The United States and poland are united by our Firm Conviction that western civilization is advanced really and very much advanced, i think, i have to add, the cause of Human Progress beyond measure and that it must be strongly defended and will at all times be strongly defended and we will defend it together. In our meeting today, president duda and i reaffirmed the Vital Alliance between our nations. Last year, we signed two joint declarations to increase our security collaboration and we look forward to signing a defense cooperation agreement. Poland recently purchased 32 brand new state of the art f35 fighter jets, the best in the world, and poland is one of only eight nato members. The others, some of them havent done so well in terms of what theyre supposed to be paying to nato. I tell them all the time and weve gotten them up a lot but not enough. But poland is one of only eight that is current with the money that they are supposed to be paying. Thats the 2 . 2 s a very low number. But we have a large number of countries that havent paid. Theyre delinquent. Lets put it that way. Theyre delinquent with respect to their dues, the money theyre supposed to be paying for defense. So the United States is defending a lot of countries that are delinquent on what theyre supposed to be paying, and i never feel too good about that, but i will say i spoke with the secretary general and he said weve done a great job but i said we havent done good enough. We havent done a good enough job. We have secured, though, over 400 billion in new pledge defense spending from nato members which is something that no other administration has come even close to. I would say theyre off by many many hundreds of billions of dollars. Something the newspaper doesnt like writing about that the media doesnt like talking about, but we will be only satisfied when all members are paying their fair share. Again, only eight members plus the United States is paying what is considered a fair share. I also applaud poland and the polish people for its devotion to safeguarding their countrys borders. Very strong borders. And i just left our border, by the way. The wall is moving along rapidly and our border is about as strong as its ever been. Our southern border. Last year, we were able to add poland to the Visa Waiver Program and they wanted that very badly and we gave it to them because they really deserve it. Its a testament to polands vigilant efforts to uphold the rule of law. The United States and poland have recently signed several longterm contracts for u. S. Liquefied natural gas. They are a big purchaser of our energy, to enhance polands Energy Security and we are working to conclude an agreement that would facilitate polands development of Nuclear Energy plants throughout the purchase, they are going to be purchasing with one of our very big, very good companies, technology to do civilian Nuclear Energy. I want to congratulate poland for its leadership in the three cs initiative, which will provide a reliable source of energy for Eastern Europe and it will be free from the threat of foreign extorsition. Poland understands that very well. It relies on fairness, transparency and mutual benefit. Our nations have also collaborated on protecting our Critical Infrastructure and technology. Thats why weve signed a 5g joint declaration and poland is leading the way in europe by using trusted providers and provider equipment and supply chains for its 5g network and were working along with them and theyre using our companies. The United States and poland cooperate across the truly wide range of fronts that were both very much involved in. Here today is the head of a polish medical team, very advanced team, very brilliant team, fighting the coronavirus alongside of american doctors. Capta captain, were making great progress. I hear were making great progress. Were working together. Were miking great progress on therapeutics and vaccines. Appreciate you being here. American and polish people have been true friends and trusted parters for almost 250 years. Were united by shared family, faith, law, liberty, democracy and justice. As the old polish motto goes, we will stand together in the name of god for our freedom and for yours. President duda, let me express once again our gratitude for your visit and friendship. We have had a very, very special relationship. Our alliance is powerful and a very powerful testament to what free people can achieve together. And i believe that the greatness of our relationship lies ahead. Thank you very much. President , please. Thank you. Thank you very much, mr. President. Translator ladies and gentlemen, first and foremost i would like to thank very warmly, i would like to thank very warmly president donald trump, the president of the United States of america. Thank you very much for inviting me here to washington, to the white house, to take part in this very important meeting to us. This meeting is important for many reasons. To me as president of the republic of poland this meeting is important because poland is the first country after the coronavirus pandemic which has been invited to the meeting in the white house to discuss the most important matters concerning the future, concerning how the relations will look between United States and poland in terms of economy. What those relations will be like, in the military sphere and what those relations will be like in the sphere of Health Protections all of those elements which are of key importance today. A very big part of our discussions today with mr. President and our collaborators were dedicated, that coronavirus what the situation looks like in europe and on the global stage. As concerns the fight against the coronavirus also with the United States and were also thinking about what measures to take in the future. First and foremost, thank you, mr. President , for the declaration well also cooperate and our scientists will cooperate and collaborate conducting research concerning the vaccine and therapy drugs against coronavirus. Everything that will be conducive to fighting the coronavirus. So i do believe thanks to this collaboration, those therapeutic medicines will be made available for my compatriots, for pols, thank you, very much, mr. President. The declaration and cooperation on the part of the United States and on part of the president United States is of crucial response for us. So thank you very much for that. Ladies and gentlemen, we also discussed the cooperation in this economy and military. Let me first mention our economic cooperation. As the president has just mentioned were developing it both in the sphere of energy and building Energy Security. Today we can say that the United States is cooperating in the sphere of creating Energy Security, not only the Energy Security of poland but also Energy Security of Central Europe. The president has just mentioned the three seas initiative. Yes, all the invests in poland today, they extend in the capacity of were increasing capacity by 2. 5 million cubic meters. Were planning to conduct another terminal in the port of dansk. That is conducive to receive lng gas and provide deliveries not only for poland but the countries of Central Europe. The vast majority of those countries of Central Europe are still dependent on russia and creating an alternative, in other words, diversification of supplies is of key importance to their security. Thank you, mr. President , for this cooperation. I do believe that were going to further develop it. Today we have supplies guaranteed until 2023 but by the end of 2023, but know that we will enter into further contracts in that respect. Even more so for sure our demand is going to increase. Ladies and gentlemen, we also discussed conventional energy and Nuclear Energy cooperation. In the near future an agreement will be signed between the governments of the United States, of america and republic of poland and thanks to this agreement we will be able to start designing the large design of introducing conventional Nuclear Energy for the production of electricity in poland. The entities which will participate in this project have already been selected and the agreements very advanced on the polish side. We have got the minister who is in charge of those negotiations right now. And appropriate Intergovernmental Agreement is about to be concluded, finalized, we can expect that to happen in the near future. But, ladies and gentlemen i also want to mention the contribution of the United States in the three seas initiative. First and foremost the financial contribution of the fund of the three cs contribution. This is element of vehicle which enables the development of this cooperation. Thank you, mr. President for your activity and appreciate your cooperation which takes place within Central Europe within the framework of the European Union and the goal of this cooperation to develop infrastructure. Thank you for noticing the possibility of cooperation in the translate lan it being zone between the countries of European Union and the United States. From my point of view this cooperation with poland is extremely important to me but also in the economic sphere where were speaking about increasing military cooperation between poland and the United States. It is also of primary importance. I have no doubts whatsoever that this cooperation will lead to this transitioning of security of European Union, strengthening the eastern flank of nato, but first and foremost it will transcend the security of poland and it will also land additional financial credibility to poland, investment credibility on the part of american investors. One month ago global company, microsoft announced that theyre going to invest one billion dollars in poland to establish a state of the Art Data Center and today officially google company, published the information that is also going to invest in the center of modern technologies in poland including ip technologies this is it going to be an even greater investment than the investment of microsoft. Mr. President , i have no doubt whatsoever, that these american
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