Transcripts For CNNW CNN Newsroom With Poppy Harlow And Jim

CNNW CNN Newsroom With Poppy Harlow And Jim Sciutto May 11, 2020

Key model upping its death projection to 137,000 people, from covid19 by early august. Thats in the u. S. The states to see explosive increases in mobility. Joe johns at the white house good to see you. What is the sense inside the administration as we are getting ready in a few hours to hear from the president on testing. Reporter poppy, as you know, a lot has changed at the white house since last friday, after katie miller, the Vice President s press secretary, was tested positive for coronavirus. After that, were told by reporting from a colleague that officials did spend the weeke trying to trace the contacts how we got it. They havent been success envelope figuring that out. The question now is who is quarantining at the white house and who is not. Theres not a lot of certainty. This much we know, katie miller, the Vice President s press secretary who also happens to be the Coronavirus Task force person, she is going to quarantine along with the fda commissioner. That stephen hahn the cdc director robert redfield. People not quarantining include the Vice President himself, even though his press secretary tested positive. The hhs secretary as well as the Surgeon General. Back to you. President obama has been quiet usually on the politics of the time or held his fire, but hes offering strong criticism of the administrations response efforts to covid. What is he saying exactly . Reporter yes, this was one of the occasional calls that the former president holds with his alumni, people who worked in his administration. Some question as to whether anybody knew that tape was actually going to be leaked, but the president unusually critical of this administrations handling of coronavirus. Listen. Its part of the reason why the response to this Global Crisis has been so anemic and spotty and it would have been bad even with the best of governments. It has been an absolute chaotic disaster. When that mindset of whats in it for me, and to heck with everybody else, when that mindset is operationalized in our government. Reporter President Trump did respond to the reporting over the weekend of this audiotape. He retweeted a tweet that hed put out earlier saying its administration was getting high marks on handling of coronavirus, and also denigrating the Obama Biden Administration for its handling of h1n1 swine flu. Back to you. Joe johns at the white house, thanks very much. Lets talk more about this key models projections including increasing the projected death toll from the cnn senior medical correspondent Elizabeth Cohen joins us now. Death projections, these are projections built on models but that death toll rising, is that about reopening . Is that what theyre calculating in . Jim, it certainly is. You dont need a ph. D. In immunology to know that when people get together more, the virus is going to spread more. So first, lets take a look at the u. S. Number, and this is from the respected model ihme at the university of washington that the white house often refers to and uses. Currently theyre projecting 137,184 deaths by august, just one week ago, they were predicting fewer, 134,473 because weve seen more and more mobility. To that point, lets look at two specific states. Arizona, which has been more on the opening up end of things, has 1,944 deaths more than what they thought last week. Michigan actually has 864 fewer and michigan is on the more restrictive end of things. So you can just see comparing those two states what mobility does. Jim . Poppy . Elizabeth, thank you very much. You certainly can see that. Several states are aiming to reopen even more today. Lets go to our rosa flores, joins us from florida. Many places in the state moving to phase two, so what is phase two . What does that actually look like . Reporter hi, poppy. Let me take you around the country. Some states reopening retail for the first time today, including indiana at 50 capacity. New hampshire is reopening as well, with several restrictions, including the fact that retail staff will have to get screened before going to work. On to restaurants, arizona and arkansas will be reopening restaurants today, with social distancing. Indiana will be allowing dinein service, but only at 50 capacity. Two states will be reopening manufacturing today, thats kentucky and michigan, with the three big automakers in michigan reopening their doors, but workers there should expect to get screened before entering those facilities. Here where i am in florida, Palm Beach County will be joining floridas other 64 counties in phase one of the reopening plan, that means restaurants and retail can reopen at 25 capacity. Barber shops, nail salons and hair salons will be able to reopen for the first time today. Meanwhile, there are two counties who are still under full restrictions, and that is broward and miamidade, where i am now. Jim . Rosa flores in miami, thanks very much. Lets speak to dr. Rob davidson er doctor who serves as executive director to protect medicare. Great to have you on this morning. Youre, in fact, more pessimistic about the overall estimated death toll than that white house model. You tweeted its impossible that were less than 100,000 deaths by the end of may depending on what we do next. I find it hard to believe were less than 200,000 by the end of july. Of course that white house model has it up to about 137,000 and i know these are models and based on incomplete data, but why do you see a much more marked increase in the death toll Going Forward . Well, i think the models actually show about 100,000 by next friday, so to me, it is impossible that over the next two months, june and july, 60 days plus that we have, you know, less than say 1500 new deaths a day on average. Some models suggested up to 2,000 new deaths a day and we know that we are not doing enough testing in almost every state. Certainly President Trump has suggested that he doesnt think testing is that important. Now that the white house is a hot spot for coronavirus, they are increasing their testing, so these mixed messages and the lack of adequate testing i think along with reopening and people getting together more just i think projects a pretty grim outlook over the summer. Let me ask you this. Initially, the reason for the shutdowns, the stayathome orders was to flatten the curve, in other words, lessen the rate of infection, but not eliminate it. In other words not keep everybody from getting infected. I just wonder, what is the intention now of stayathome orders . Has that become the new goal to reduce the overall infection rate around the country . Flattening the curve presupposes you decreased the infection rate. How many people one infected person may infect. Once you get that below one thats how you flatten. Flattening the curve buys us time and should have bought us time to ramp up our testing regimen in our country. Unfortunately the president refused to use the defense production act to help us do that, so thats what flattening the curve should have done and staying at home should continue to do if we can get the administration on board. If you dont get the administration on board, because the president has said as you note that testing to some degree is overrated or broadbased testing overrated even as it takes place to a great degree inside the white house, without that testing, are you saying the country will in effect have to stay largely closed until theres a vaccine . Well, if we in fact want to minimize the number of deaths and actually increase our likelihood of having an economic recovery thats lasting, thats what we would have to do. I think its obvious that that isnt whats going to happen in most places, largely from mixed messages from the white house and states not going through the white house phases of reopening, and so were just going to have to accept that there will be more deaths and we will not have a lasting economic recovery. I think the worst of both worlds is what were looking at over the next three, at least three months or so. Explain that argument, if you can, because it is often presented as a choice between a or b, right, that you keep down infections but no Economic Growth or allow Economic Growth to proceed, the economy to reopen but youre saying in effect thats a false choice. It is absolutely a false choice. 80 of people are concerned were opening too quickly. Im not going out to restaurants. I go to stores now, a Grocery Store and if i walk up to the door and see that people at the desk arent Wearing Masks or a significant number of patrons are not Wearing Masks i turn around and go to a different one. These are the decisions real people make every day. Economic activity doesnt happen magically because we say it should and as we see the death tolls going up, as we see the numbers going up, that concern by consumers is just going to increase, and again, no economic recovery will be possible. Oddly, is what were seeing take place in the white house right now something of a panic to Contact Trace the Vice President s spokeswoman who has been infected, test other people, wear masks, all this kind of stuff, with uniformity, i mean, is that what should be happening on a larger scale in the country . In other words someone is affected, Contact Trace, and figure out who else might be infected, test, wear masks, et cetera. Absolutely. Every person who is infected who is testing positive should be isolating, so not in contact with any other person, and in fact, you know, miss miller has the resources to do that. The rest of our country many people dont. We need to get the resources so they can do that and anyone with whom they are in contact should be doing quarantine so they should be staying out of the public life unless they have a Critical Infrastructure job. I would argue that Vice President pence perhaps President Trump should be in quarantine, and they can still do their job Via Teleconference getting a message out to the country they want to get out hopefully the right message but whatever message they choose, and i dont see that happening uniformly in the white house right now. Well, its notable there that the folks who are in selfquarantine are the doctors, right, at least three although the Surgeon General chose not to. Thanks so much. Good to have you on the program. Thank you. Still to come, if you thought april jobs report was as bad as it could get. White house Officials Say may will be worse. Bank of america Ceo Brian Moynihan joins us exclusively. Plus Shanghai Disney has reopened, after more than three months, but things wont look exactly the same. Cnn goes there to show what you it looks like on the other side, and every day potentially risking their lives during this pandemic. Im not just talking about medical workers. Im speaking about transit workers, so how are they protecting themselves . Technologies advisor. Me too. Me too. And if youre a Small Business, were with you. Standing by you every step of the way. Bye bye. The story where the chances are low, and the cost is high. The sacrifice is real. Its all around us. But this isnt a story about how tougher times beat us. This is our comeback story. The time when we rally and come from behind. The time when we defy the odds and get back to work while the whole world watches. Yeah, this is your comeback story. And when its time to come back, well be ready. On friday we got the worst jobs report in American History but it is going to get worse before it gets better. White house officials predicting even more dire unemployment numbers in may, 20 or higher, but white house economic adviser larry kudlow also made this prediction yesterday. Were preparing to reopen the economy, and when we do, i think according to the Congressional Budget Office and a bunch of private surveys well see a strong second half of the year, probably 20 Economic Growth. Bank of america Ceo Brian Moynihan joins us exclusively over the phone. One out of every two households in america is a bank of america customer. Thanks for taking the time. Its good to be here, poppy, thank you. So Kevin Hassett at the white house told me just last week that real unemployment, so counting the underemployed and those not looking for work is more like 25 in this country, and moodys just said its going to take until mid decade they think to bring jobs back to levels they were before this. Do you think its going to take until mid decade . I think poppy you also have to step back and remember this is a Health Care Crisis that precipitated an economic crisis, and so as the Health Care Crisis mitigates, youll see the economic crisis mitigate and a company like ours just on unemployment we have our economists and stuff which we could get into, take a view one of the roles as a major employer is to be employeecentric in our approach. We as a company said no layoffs for the rest of the year to make sure our employees do what they do best, help our customers through tough times and on the other hand on the customer side trying to help with unemployment by providing loans to our customers, companies to make it through the trough of demand and get to the other side, and we did about 50 billion or 7 billion in the First Quarter and providing to governments and consumers. The question of unemployment, this is the worst of it right now as youre hearing and may get a little worse. The reality is the key is to get the economy restarted and starting to see the economy restart before the openings the last couple of weeks, starting to come off the bottom. Bank of america said about this economy and coronavirus this pandemic will completely reshape geopolitics, societies and markets. How confident this recession does not turn into a depression . This is a severe downturn this quarter and in the heart of it right now. Our economic team, bank of America Research team the best in the world predicted this quarter would be down 30 next quarter down about 1 and the economy will be about the same size as last year. You look at the spending buy, the consumers of bank of America Today the last four weeks spending averaged what it did in the fall of 2017. Consumers are starting to grow a little bit and the question is will the amount of stimulus and stuff provide a bridge across this river that is a serious economic decline and if it does, i think well see, well come out of this how fast will be up to sort of what the demand for products and services is. I wonder about businesses that cant come back. You saw that paper in the last few days at the university of chicago and stanford. Economists predicted 42 of businesses may never come back. I mean, thats where the question of a depression comes in. What do you see . Well, what were seeing now is that the structure of this change was so different, so starting sort of mid march to midapril, you saw the collapse in employment levels just because think about dentists shutting down, dentists employee about 1 million, 1. 5 million. Theyre down about a half million in employment. They contribute a lot. The medical field was shut down except for the courageous people out fighting the virus so as that reopens and people are going to the dentist again in many cities now, youll see part of that economy come back. Thats what makes us very different, versus a general decline in Consumer Spending or general decline in Consumer Confidence or activities which was more present in the last crisis. This was a shutdown, so things that typically continue to have rise in demand were stopped. That was medical service and things like that. As they come back youll see part of the economy recover faster and take a long time for restaurants and things like that to recover. A long time is what so many of us are worried about. Youre a member of the president S Advisory Council on reopening the economy and the white house message this weekend on a fourth stimulus was clear, and it was we can wait. We can pause, and i wonder if you think this economy can or would it be beneficial to the broader economy to inject a fourth stimulus that includes for state and local governments now . I think as we look at it, stimulus that was put out, whether its the eip payments, the 1,200 payments are still going into the system, weve seen our customers have spent as best as we can estimate half that money, the other half is to be spent. Unemployment supplements out there through the next couple months and on top of that the ppp and programs to lend to Small Business are going out and hitting the street in the last couple weeks so to speak. All that stimulus is coming together so i think the debate is do you have to see that work through for a while or need more now . What do you think . The places that are hurting the state budgets because of just the stop in revenue and other things. Hospitals, they need to target this i think for people who are most institutions affected by it and people most affected by it would be the advice i give on the fourth stimulus. The issue of inequality, what we saw clearly in those jobs numbers on friday, brian, was that its hitting africanamericans and hispanics much harder. Their unemployment rates are much higher than white unemployment now in this country. Should Corporate America and government right now be doing more or what should be done to address that, because the thinking is its only going to get worse

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