Transcripts For CNBC Squawk Box 20140805 : vimarsana.com

CNBC Squawk Box August 5, 2014

Liner for more than three months . A japanese paper out reporting cold winter temperatures were a factor in the meltdown of the lithium ion batteries which caused at least one of the boeing 737 dream liners to make an Emergency Landing in japan. Meantime, in alternatings news out of japan, it was a big quarter for toyota has the highlander is hot. Toyota posted a better than expected 3. 4 increase in quarterly profits and the automaker raising the outlook for the year. Can we move back to the battery . The battery thing, people dont have battery hybrid cars and things like that in cold places simple will ily because of the weather. Batteries dont do well in cold. Thats the whole thing. We had a guy the guy from toyota who lives in michigan who wont have a hybrid car in michigan because its too cold for the battery to actually do its thing. I would think this the plane is going its freezing up there every day. Im not a is that good news for boeing . Does it signal simply just a battery issue which no, because theyre going places constantly. But arent these batteries kept inside, like in the part of the cabin where everything is pressurized . I would think. I dont know. The reaction might be to boeing. I have not flown in a 787. I would tomorrow. I think its a spectacular piece of technology. Would you, becky, if you got the ticket . Yeah, i think i would, yeah. Would you . I dont know. I think i would be a little Japan Airlines, if youre out there, ill go. Ill fly over to tokyo and come back on a mileage run. Is that what they call it . Cars. Com for nearly 2 billion, gannett could possibly acquire it. A final deal could be announced as early as today. Gap making the economy more prone to boom bust cycles . Advisers against using the tax code to try to narrow the gap. The agency arguing the higher taxes on the wealthy hurt jobs. The answers are suggested they have to do with access to education. Its kind of an easy out for them, sort of. Why . Just saying education is sort of like a very yeah. Nobody agrees its education. The question is how do you fix it . How do you get there . The education thing is generational. But i think its an important one. Its one that needs to be addressed. And i think these things have put pressure on taking a closer look at that education system. Lets get a look at the markets this morning. We showed you the futures yesterday. We know yesterday was the best day in two weeks for the dow, the s p 500 and the nasdaq. There are some red arrows, but these are modest declines at this point. If you take a look at crude oil, yesterday it was up 41 cents. It snapped a fiveday losing streak. This morning, there are additional gains for wti, up 68 cents to 98. 45. The tenyear note looks like it is yielding to 2. 48 . Take your eye off that for a day. Also, the dollar, at least at this point, looks like it is up against the euro. Its down against the pound, up against the yen. Euro is trading at 1. 33911. Dollar yen, 102. 66. Gold prices, up slightly, 1,293 an ounce. Today, the second american to contract ebola in west africa will be flown back to the United States for treatment. Concerns are still running rampant of the outbreak here in the United States. Joining us now with his take on the situation and to tell us were going to see a vaccine in the near future, dr. Anthony fouchi is here with us. Hes the director of the institute of allergy and diseases. Before we even get to whether were going to get a vaccine, tell us the state of where we are. There was a report out earlier this morning that a man went into mt. Sinai in new york city and wanted to get tested for ebola. How worried should we be . The we shouldnt be. The outbreak were hearing about in africa is due to and founded on the complete lack of a Health Care System to handle those types of patients. Thats the reason why were seeing the infection from patients to the people that are taking care of them to family members because they dont have the capability of violating patients, of using protected equipment to prevent spreads. So we should not be worried. A person could get on a plane from west africa, getting infected there, and then by the time they get here, get sick. But we have the capabilities of handling that, so the American Public should not be concerned about an outbreak in the United States. Dr. Fauchi, there was a doctor, an american doctor in west africa who was infected himself. And this is a person who knew very well about how to protect himself, had the capability of doing all those things. How did he get infected . Because the conditions under which he was working were not optimum at all. Those are very courageous Health Care Workers that were there. The conditions here in our ability to use isolation wards and to be able to have the personal protected equipment is overwhelmingly different than the situation that we have there. He was taking care of many patients under difficult conditions. But dr. Fauchi, just to drill down on this, from an economic standpoint, is and brian made the suggestion, if one person had been in a mall anywhere in the United States with ebola, your view i think yesterday, brian, was nobody would be going to the mall. In terms of the Economic Impact and dr. Fauchi is absolutely correct. The spread has to be due to prolonged exposure to bodily fluids. A lot of the burial ceremonies in africa have to do with touching the dead. The fear level of what people should actually fear, youre saying it sounds like they shouldnt fear much. No, not at all. They shouldnt. In fact, even if someone comes here and is infected, i can it will take the general public a very short time to see that that infection is very well contained just the way right now that dr. Brantley is already there and nancy is going to be coming today to the emory hospital. And theyre there, theyre very well taken care of. What do you think your chances of survival are if youre in the United States relative to being in africa . You see survival rates anywhere between 50 and 90 in some of the independent numbers ive seen. But thats a big spread. Well, it is a big spread. Right now in africa, the survival of all the three countries that are involved is between 50 and 60 . Theres no doubt that if you get into good medical care early and get fluid replacement, which is the main thing you need because people die in shock and organ system failure because they move fluid from diarrhea and from vomiting. If you can get that, you can probably chip away at the mortality rate significantly. No matter what, under the best of circumstances, youre going to get a 50 to 40 mortality. Under the worst circumstances, its going to be 90 . Doctor, again, i know that the fear factor looms large. And just to show you todays tablo tabloids, i dont know if you can see this or not, but the front of the new york post, ebola, man tested for disease in new york city. You know more about how this spreads than we do. But if you were somebody who was sitting next to the man on a plane that came in, if you were sitting next to him waiting for the treatment, what kind of risk is it . How do you catch it . Its essentially no risk. It is contracted by direct contact with bodily fluids like blood, feesy cease feeces when get very, very sick. Doctor, can you go ahead. I was saying, it is and its not a if they cough on the, and the secretion of saliva. The risk is somebody boards a plane and on that flight from west africa or maybe they connect to london, they start to show more signs and they cough or sneeze or whatever, that would be that would be the risk, would it not . Well, again, its not. I mean, we can get hypotheticals that are fear or we can look at evidence based. The people who have been taking care of ebola patients since 1976 when it was first determined to be a disease that was recognized in 1976, its very clear that theres no evidence whatsoever that its transmitted by the respiratory route. So people can surmise at that, but the reality is there is no evidence that it spreads that way. Doctor, can you tell us, where are we on a vaccine . The Vaccine Research is coming along very well. A few vaccine candidates, the one thats probably the most advanced is the one were working on at the nih is one that weve shown effective in monkeys. Were going to start phase one trials in normal volunteers here in the states in september and it will take probably until around january to see if its safe and if it does induce that kind of response were looking for. If it does, we scale up, probably sometime in mid to late september well have enough early dose toes be able to vaccinate, for example, Health Care Workers who put themselves at the greatest risk a year from now, 2015 . Right, right. By the way, what would the cost of that vaccine be and who would be making that . First ooh all, we have to partner with a pharmaceutical company. Right now interesting on this program that when you talk about ee boll la, there has been very little interest of pharmaceutical companies to get together and partner with us and the federal government who do the research. Now with all this public publicity about ebola, theres a lot more interest in pharmaceutical companies to get involved is it then, doctor, just quickly because were talking about the Economic Impact and maybe the fear levels being higher than the actual threat level, is it irresponsible to show this or put it on the front page of a newspaper . Even the concern about it . Well, thats just what happens. Ive been dealing with these kinds of things for a long time. I wouldnt say its irresponsible. Its just the way the press is. That big front page that you show, it is certainly a scare thing. There are people walking into emergency room else all the time with diarrhea or got off a plane and thats one case that you showed on the front page there. But, you know, within the last few days, there have been a dozen or more people who have done that. Right. Okay, doctor, thank you for joining us this morning and helping us understand whats going on here. Good to be with you. Appreciate it. Weve been talking about the ebola epidemic. Nbcs jay gray is outside the hospital in atlanta where the second infected patient is expected to arrive later today. Jay, what can you tell us . Nancy right now is expected to land in the atlanta area around noon. Shell be immediately transported here to emory hospital. She will share a special Isolation Unit with her colleagues. Fellow missionary kent brantley. To tell you more about this facility, it has been 12 years that theyve been preparing this. It was initially created to help take care of doctors who may get sick or infected working at the centers for Disease Control here in atlanta. For ten years, the staff here has been preparing for an ebola case and now they are carrying that out with the two patients here. Each patient will have their own room, houbl, inside this special unit and be able to visit with family members through a thick glass partition. All of the air in the unit, it is filtered, it is contained. Theres been a lot of concern about the possible spread of this dead lie virus. Doctors dont think there is any possibility of that lab tests getting done inside any of the materials used are cleaned of the virus and then theyre burned, theyre incinerated. Doctors dress in their protective gear in a separate room, as well. So theyre taking every precaution necessary to make sure this is contained and to make sure that these patients receive the best possible care. The prognosis right now, very guarded but good. The specialists tell me the next few days will be critical for both of the missionaries. Jay, thank you so much. And again, we were trying to highlight the fear of the virus. I was just going through our stack of papers. The word ebola highlighted more in the New York Times talks about it, the lack of quarentine. Nothing on the judicial. Nothing on the journal or the ft. Theres something on the ft sidebars. The Washington Post americans receive the point is, people seeing this and saying, you know what . Because they dont understand it, saying im not going to go to the mall or im not going to do this. What would it take right now for you to go to mt. Sinai to be treated for something . Hold on, you wouldnt go to the hospital i would go to a different hospital. Really . Yeah. If i was pregnant and expecting a baby, youre crazy when you start getting into the care of your kids and id be more hospitals in new york city, so are you going listen, look at what were cnbc, right . Economics. Look what happens to the chinese economy when the czars feared i understand sars and bird flu which are more airborne distributed, but the chinese economy went like this. Then it rebounded, but there was a lot of fear. And i will admit theres not a reason. I understand what the doctor said. I get that we shouldnt expect that this is transmitted by coughing on someone. But i would be panicked if someone i sat next to on a plane or in an er room wound up thinking they had ebola and they were tested and not sure for a couple of days. I dont believe most people are going to say its only transmitted through deep prolonged contact with bodily fluids and therefore im not going to worry about it. The word itself fatality rate, 90 . Right. The word itself may be enough to scare people. Hopefully not. From going into you know wait a second. You wouldnt ride on a boeing 787 dream liner, but you would go to the hospital with a buy who has ebola . Id go to a hospital where somebody was being treated for ebola, yes. But you have no that wouldnt concern you at all, but you would be anxious about getting on a boeing you know me examine planes. Im not acting rationally, but and ill admit im not acting rationally, either. People act in their own best selfinterests. Im not saying that its the right way to act. Im just saying that i would be concerned and i was thinking about that on the way in. Im just saying if i had a sick child would i take them there. Coming up, obamacare is complemented. Were going to talk more about the em mications when squawk box returns. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. Welcome back, everybody. Right now its time for the executive edge. The wall street journal has the information on patients that have rushed to use hospital services. Its meant big costs for insurers. As we heard last week when talking with the ceo of aetna, a lot of people out there with illnesses who hadnt been seeking medical attention in the past now are because they have insurance. This is my issue. Specifically, i use every last bit of insurance possible. I copay, but we were talking about i was saying i could fought be a good customer for you because the kids at the drop of a hat will do whatever it takes and now you have insurance, thats what i imagine its going to happen, right. . Sort of the natural sure. And some of the things that theyre doing are back surgeries, maybe things that have been put off for a long time. Not necessarily cheap care or something that has to be down. But now that youre covered, if you pay for the insurance, youll be using it. I dont understand why theres not more of these Quick Care Centers. I had to go to the emergency room last year because i had something in my eye. I didnt need to go to the emergency room, but i had no place to go. Go to a Quick Care Center, flush it out, boom, thats done. I dont understand why thats not available. I just went to a Quick Care Center at mt. Sinai with max. Would you have done that . Im talking about the same facility. Im sorry. I dont know what other people think about this. I would choose a different hospital. In america, were fortunate enough to have that choice. If i knew that there was an infectious outbreak or anything else, a potential outbreak, i wouldnt go do that hospital. Good question. Lets ask that on twitter. Would you go to a hospital at mt. Sinai, the guy probably doesnt, thankfully, but would you go to that hospital for basic care . Apparently in the next hour, theyre going to run that poll. And well be talking more about this newly insured tenants health care. Last wooem week we talked to aetna about its costing more. This is about Companies Making more money as a result. Road warriors, precheck security allows travelers to go through security without taking off shoes or light outer wear. They dont have to take laptops out or liquid carries on from their bags. The tsa plans to limit those who enroll and pay up. Until now, the agency has been giving precheck clearances to nonenroll passengers. The cost to enroll is 85. Andrew, are you im precheck. Im a big precheck complainer, actually. Im happy theyre doing this because i actually didnt want precheck to be that you dont want precheck to be that successful. Whats happened unfortunately for those of us who go on in precheck and im a global entry precheck. As am i. Thats how i got hooked intiet. As a result of so many people that now have it, its like going through the same line no, im not. I was at ohare i was at ohare yet and the precheck line was great. I dont think youre going to get any relief in some of those lines because the goal is to have 25 of people using the tsa precheck. There werent that misdemeanor that signed up, so thats why theyre allowing other people to go through. So are you going to sign up right now, becky . No. Youre not . Nope. Why not . Dont you have to go out to the airport and you do. You have to go out to the airport, fingerprints, the whole thing. No. Im often traveling with other people because i travel with my dad, i travel with my son, i have other people im traveling with and it does me no good to be a precheck. Under 12 they go through with you. Oh, really . Yes. Now i shouldnt have said that on national television. More people will sign up now. Sorry, andrew. Guys, i should tell but the washington redskins. Arguably, they have the most controversial name in professional sports. The Team Southern says the talked about the name is all about the media trying to get internet cliques. He schedule thats why he started that across the country. The redskins natives he visited are fans of his teams and other teams, as well. I think he pointed out the braves. I think this goes to Daniel Snyders view of the value of the redskins

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