Transcripts For MSNBCW MTP Daily 20200508 : vimarsana.com

MSNBCW MTP Daily May 8, 2020

Came through. Im worried if we dont do this right that we risk having a second, third, fourth curve that ends upcoming our way similar to what happened in the spanish flu. We were told to put all the people on unemployment. Thats a joke. Half my people cant get paid from the state. Its not working. That was just a glimpse at the workers on the front line of both the economic and medical fight that is facing this country right now. Welcome to friday. Its meet the press daily. Im chuck todd continuing msnbc coverage of the coronavirus pandemic which has sent this economy into a tail spin, the likes of which we havent seen science the Great Depression. Its caused a historic spike in layoffs pushing the Unemployment Rate near 15 . We know from more data that the actual Unemployment Rate is likely much higher. Perhaps over 20 . U. S. Lost more than 20 million job in the month of april making it the worst job report on record. They started keeping the records in the 1940s. The president vowed all those jobs will come back soon but is unrealistically optimistic as hes been during this crisis, even he acknowledged that we wont see a real rebound for months, at the earliest. As Economic Conditions collapse, the Public Health conditions are just not there for this country to confidently reopen in this economy. New cases across the country continue at an alarmingly high rate averaging around 30,000 a day. Were plateauing. Were not bending the curve downward. Thousands of death are still being reported every day. Gaps in kwhowhite house own Workplace Safety guards are ver. The Vice President press secretary confirmed that she has tested positive for the virus. It prompted the white house to add a number of new measures including requiring staff close to the president to wear face covering. Katie miller is the wife of Stephen Miller who is in frequent contact with the president. Comes after yesterday the white house confirmed one of the president s personal valets contracted the virus which highlights the importance of Workplace Testing and testing every one in this country lags significantly behind what experts say is needed to safely reopen. For the big question facing this country, what does this economic calamity lead to. Does it force the country to reopen sooner in spite of Public Health risks or address the Public Health risks that could mean reopening later making this Economic Situation worse in the moment. Today, the president made it quite clear where he stands on those questions. People want to come back. I think everybody in this room realizes you have to come back oruny. Youll never be able to build it again. The people want to come back. You see whats going on at state houses all over the country. They want to come back. I think some people dont want it come come back for political reasons, which is sick. The people, the real people, the people that want this country to be great and great again, we can say, they want to get back. Not sure who is rooting for this economy. I dont think anybody in their right mind believes that. Thats odd to politicize in this moment but we have all the angles in the story covers. Peter baker, i feel like were all asking the wrong question here which is do we open, do we not open. Im going to be get to that. Lets get to the president here. Metaphorically hes desperately trying to run away from the virus, turn the page, focus on the economy and in some evil movie script the virus is going no you dont. Im coming inside your house. It really is a reminder you cant escape the virus. To have these two test results in the last 48 hours as the president is telling the rest of the country to start reopening brings home in a vivid way how complicated this is and how challenging this is. If the most secure and protected workplace in the country can still have these virus infections come along like it has, what will happen in the meat packing plants of the midwest or the skyscrapers of manhattan or the barbershops of georgia. They dont have daily testing. The president now is getting tested every day. The Vice President is getting tested every day. The people around them, closest to them will be tested every day. A lot of businesses dont have access to that kind of resource. What are they supposed to do to avoid having happen to them the exact same thing thats happened to the white house in which two of their employees turn out to have the virus and now everybody is wondering about everybody else in that work space. I think that brings home the dilemma for the president and for the country. One would assume it probably made a very difficult workday for a lot of staffers who are now probably onehalf of their head is focused on their job and the other half, what does this mean. Dr. Give upta, how can we applyt is happening at the white house as a lesson to how we reopen. I think the question isnt reopen, dont reopen. I think how do we do this in the safest and most confident way we can. We cant look to the white house for that. We could look to some state houses. With have seen high profile surrogates walk because these critical policies to allow us to safely reopen but masks a prt of it, messaging on social distancing and restaurants and other workplaces are key. Those are the proximal steps. What you also dont see is anybody from the cdc talking about this science thats merging. Right now the cdc is saying ten days for selfquarantine. Maybe its the magic three weeks. We need to hear about the science. Were not get that from the white house and we need to hear more about masks. Were also not getting that from the white house. All right. I want to pivot to the economic picture here. Douglas, big picture. You use to have to do this at the cbo. What are we staring at with the jobs robert and put eport and context for us. These numbers are large. I think the right way to think about it is every one expects that during the Second Quarter National Income will decline by about 10 . In the worst year of the Great Depression it was 12 . Were going to experience a Great Depression year this spring. Theres a concentrated economic hit with an enormous amount of damage and the damage follows a very familiar pattern. If youre a College Educated individual, your chance of being unemployed is way lower than if you have a bit of college or no high school didiploma. We know that. Its a lesson from across the labor market. The people out there, third of them were in restaurants and leisure, hospitality, they are the lower skilled, lower income individuals and they have been hit the hardest. Jared, it seems as if one of the things were learning and i say this, i think congress had this idea they threw out there, the ppp, and i think knowing what we know now, how would you redesign the program. How should the rescue look now that we know what this looks like. How would you design the rescue package . First of all, i would have some things in there that are still missing. States depend on sales tax and people going to work. They depend on the Public Sector that people have to finance. We have yet to have a really substantial measure in one of these plans that gets the states to where they need to be. Now, i think theres a lot of talk about the next phase doing that. Thats one thing i do. I particularly focus on the health care side of the equation. N medicaid roles is huge right now. We need an economy capable of bouncing back. While we have done some work on business preservation, its been so focused on payroll a pekspec that a lot of businesses are just having great difficulty paying their nonlabor cost, staying open. I would focus on business prever sags and making sure that people are meeting their medical demands and third, trying to help people stay in their homes with adequate incomes. You got your josh out there going protect payrolls but then you have some on the right side of the aisle saying, no, no, no. Thats way too much money. Thats too european style. That will tell us what we can do Going Forward. Its too narrowly focused on payroll. Theres lots of businesses that wont qualify and try to go under. They will try to broaden that out a bit. Not taxpayer money into things that are going to have to restructure. Youll have to morph the policy into something that does that a bit better. I think you have framed this exactly right and increasingly republicans are talking this way. We know we never fully closed the economy. We know that essential workers went to work and essential businesses provided their services. This is the kind of damage that we got. How can we, in a measured way, open it up more where its possible to while focusing on getting the Public Health mission, the testing and vaccines at a higher level so that can be done more safely. The real issues will not be tossing money at it. Think of a parent. You got kids out of school. Can you go back to work . You might be afraid to go back to work. Some people will make more money on Unemployment Insurance than going back to work. Getting people back to work will be a challenge. Dr. Gupta, we talked a bt the potential that the saliva test is a game changer. How much time would you want to give the medical community, how much time would you want to give the cdc . How much more time do you think medical community would need to ramp up the testing necessary than to start matching the confidence levels that public would need to get out and participate in the economy . How much time you need to ramp up saliva testing . Thats a complicated question. It will probably take three months to hit the number that people feel like they need in terms of 500,000 tests a day. Who need a follow up test. Were not even talking about that. We need to broaden who gets tested. The saliva test is still if youre symptommatic. I think we need the say we have this in the pipeline. The team, Spectrum Solutions and subsidiaries can probably produce, at scale, pretty quickly. Its not going to be the scale we need. We need to broaden who we test and safely start reopening up. That means masks and social distancing up front. Peter baker, does the president have, if a group of republicans from the senate said look, we know youre anxious to reopen the economy. So are we. We have taesing plan we would love for you to implement. I ask this because im going to have Lamar Alexander on show on sunday. Hes one of the few advocating testing, testing, testing. He seems to be almost impatient to wait any longer. I think thats right. The president asked about this just today. Because these two tests inside the white house he was asked about testing. He said all the testing in the world wont help. If you do less testing, that means you have less chance of testing. Katie miller was tested yesterday and she was negative. She was tested this morning and she was positive. Hopefully she had less expez yo expose your to people around her work space. Shes young and strong and we send her our best wishes. A lot of workplaces wouldnt be able to turn around that fast. If somebody pest tested positive or negative on thursday, they could be Walking Around the workplace infected for for our five days that would spread it. This is the test with the testing. The president doesnt seem to see it that way. It will be interesting the see whether Lamar Alexander or somebody like that can convince him otherwise. Right. A debate thats interesting to see play out through some economists i spoke to. What do you do about restaurants . I say this, steve was saying you cant if demand is not there, you cant sort of artificially create demand. At the same time, they didnt shut down this economy. It isnt their fault this economy shutdown. Jared first with you. How would you handle that and what is that decision you make about if your business was viable but it isnt for a while but i could be later, what do do you about that business . Jared first you and then to doug. I think the way to think about this is whether a business is truly insolvent or just ill liquid meaning they sdroents the cash flow to stay alive. Places shs restaurants included if we could snap our fingers and get demand back to where it was before this, they would be as viable as they were before and theres no reason to think they wont be on the other side of this. U like governor cuomos plan. I think thats the right way to think about this. You go from red to green through yellow and yellow will depend on a lot of things we heard the doctor talk about in this segment. I actually believe that on the other side of this crisis, theres less insolvency at this point than ill liquidsty. If this lasts too long, ill liquidity becomes insolvency. Right. Doug, you look at restaurants and airlines, both are going to have demand problems for quite some time. Yes. I dont disagree with anything jared said. I think hes really made the right point about the liquidity versus insolvency. Here is the thing for the viewers. The white house situation is a perfect example. All of these restaurants are going to somehow first have to make it safe for their employees to come to work. Theyre going to have to do des testing. They might have to change the configuration. Everybody business in america will have to think about that. How can we safely work many the presence of the virus and thep they will have to convince their customers its safe to come use this product, our restaurant. That might mean more distance and expenses. Many of them wont make it. Thats hard part about adjusting in the economy Going Forward. Lots of these industries will sh in shrink. The most important thing is to see if we can get the workers a job elsewhere. We didntsoever the problem but i thought the four of you helped frame it in the challenge that we face. Its enormous. Thank you all for starting us off with your expertise and your point of views. Up ahead, the coronavirus racial divide. Not only are minorities hardest hit, they are suffering greater unemployment. 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That Liberty Mutual customizes your insurance, i just love hitting the open road and telling people so you only pay for what you need [squawks] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Welcome back. One of the defr stating story lines were continue to follow in this pandemic is how communities of color are being disproportionately battered by the covid19. Hispanic workers have the highest level of unemployment at 18 while black unemployment is at 17 . White unemployment is at just over 14 . As we have been reporting, africanamericans and hispanics are experiencing disproportionately high rates of virus cases and deaths. A new study from Emory University finds that quote, disproportionately black counties account for 22 of all u. S. Counties but have been home to 52 of coronavirus cases and 58 of deaths from covid19. That same study finds that 91 of those majority black counties are many states have started to reopen. Its great to talk to you again. Its been an mri. However you want to this inequality. Its staring us in the face. Considering what were looking at economically and from a Health Result stand point, give us your advice of how do we design or recover looking forward that it eliminates we have to start looking at what the systemic issue but plaguing in these parts. The task force that stood up. She has a Sub Committee that im cochairing on equity and vulnerable populations. I think we have to bring that focus to the group. Some of the things we must do to make sure the relief in the cares act really speaks to the short term and Long Term Solutions in these areas. I think some has been sent out. We have to be realistic about these people continue to go to work throughout the pandemic. We have to make sure they have some type of leaf and stimulus that keeps this going and sochl the hazards to recorrect that and the disparities fwheewe nee start cloesing the gaps as well. If this was the military, you might be hearing Congress Talk about a gi bill for those on the front lines. One would wonder should congress be thinking about what is the added benefit to thank you for putting yourself at risk when youre an essential front line worker. One would hope that conversation will be had. Lets talk about the H

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