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tv   Bloomberg Technology  Bloomberg  April 8, 2020 5:00pm-6:00pm EDT

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for more information on how you can stay connected, visit xfinity.com/prepare. >> welcome to "bloomberg technology." i'm emily chang in san francisco. markets rallying on optimism. advisors are's top working on criteria to reopen the economy. this, as the world health organization is cautioning countries against letting down their guard. in the u.s., in the last 24 deaths000 -- almost 2000
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reported. new york state reported its highly daily death toll -- highest daily death toll yet. president's briefing will start at about 5:30. u.k. prime minister boris johnson remains in the icu in the british hospital for the third day in a row. and nasdaq are climbing today. i want to bring in keith. one day is up, one is down. the only thing we know for sure is the daily case counts. what indicators are you watching to determine what kind of day it's going to be? keith: it's amazing, the day-to-day swings and the volatility. we've seen since chutess are some green
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-- shoots. we are watching search interest in real time to see if there any indication of that picking up, and we've seen that come down week over week. has positive development come against monetary policy that is just quite extraordinary, where the fed's increase in balance sheet of near $1.5 trillion would have boosted valuations in our framework by quite a bit. served against a backdrop of very underweight positioning, where investors had sold through february and march, in anticipation of the uncertainty that you are pointing to, still unknowns about the impact on the economy and earnings, which we think are likely to be a headwind over the next two months. emily: one of the things you are also monitoring at ubs is
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traffic congestion around the world. you've identified some interesting trends that may shed light on economic activity in various places. tell us what you are seeing. keith: yeah. we are monitoring global traffic congestion across major countries and cities. if you look at it on a basis,ghted bsis, -- it's down about 65% relative to levels a year ago, just because so many countries have mobility restrictions in place. the policy response to coronavirus has just been so extreme. we are watching to see if and when we are seeing that start to improve and inflect up. in the u.s., we see global traffic, 78% below last year's levels. week over week, it's been pretty flat. no news there. we are watching to see if there are any signs of this -- those
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mobility restrictions being lifted and people starting to move around again. emily: meantime, we are still getting new numbers. john hopkins reporting that coronavirus cases around the world have passed 1.5 million. you have been watching the number of coronavirus searches on the internet. what is that telling you? .eith: we put out a note today we have been tracking google search trends across countries just as an indication of sentiment and if folks are having symptoms and they are searching that on the internet. we saw the huge rise in search interest proceed new cases -- and starting a couple weeks ago, we saw search interest start to level off. it had come down over the last week, a bit more than 12% globally. but the last two days, we did se search interest.
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it doesn't point to stabilization . -- it does point to stabilization, but not an all clear. emily: what are these tech numbers going to look like? we're trying to get a handle on that. we tried to come up with a unique proprietary indicator where, in these times of uncertainty, analysts tend to wait for information and company guidance to adjust their estimates, whereas other analysts try to get in front of it and revise down. we created an indicator of implied eps changes based on those analysts that have actually revised estimates recently, in the past week, four weeks. what we've seen is the average eps change underneath the
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surface has been running declines of 10% to 14% for the 2% downgrades for the index. whole, revision trends have been in line to slightly better than the market where that eps momentum is not nearly as bad as industrials, banks, and pockets of consumer discretionary, but we are closely watching to see, given how important tech is to the market. all right. keith parker of ubs. thank you so much for sharing those insights with us. coming up, we will take a deep dive on tesla. the company now cutting executive salaries some 30% across the board and furloughing noncritical workers as the coronavirus pandemic keeps operations shut down at tesla's
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factories. we will also take you to the white house. that press conference scheduled to begin about 20 minutes from now. this is bloomberg. ♪
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tesla and furloughing all noncritical workers without pay and cutting executive salaries by as much as 30%. this, according to an internal memo that was seen by bloomberg, because much of tesla's production operations have been shut down. tesla said in a statement to us that this is a shared sacrifice across the company that will allow us to progress during these challenging times. joining us now to discuss, dan
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ives of wedbush securities, who covers tesla. the bay area shelter-in-place order, which covers the fremont factory here in my county, that's in place until may 3. reopening on may 4 seems pretty optimistic right now, perhaps even unrealistic. what if it lasts longer than that for tesla? dan: it's a great question. right now, investors are -- in terms of fremont, just for starters. i think that would be a big focus in terms of next quarter for tesla as they try to navigate the shut down as well as the overall demand headwinds every company is seeing. now, it will be at least until late may. just how bad then is this going to be for tesla? this is a company that is targeting delivering 500 million cars -- 500,000 cars this year.
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how much does your new estimate change? dan: i would take about 100,000 off that. q2 is going to be a dropped quarter, even from a delivery perspective. the only bright spot is china in terms of giga three. k, are talking about 415 plus thato the 500k was the original guidance. emily: when they do open, how long does it take for production to ramp back up, or cannot happen pick -- can that happen pretty quickly? dan: that could happen pretty quickly. if you -- from a production perspective, that's not as much of the concern for the street, just
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because of what we've seen with giga three, as well as how quickly you can see fremont ramp. the bigger question is consumer demand, how long that will be a headwind for tesla. ultimately, when you look on the others of this dark valley, where does cash flow burn and where does the bad news trough out? i think that will be in the second quarter. from a stock perspective, investors are looking through that on the other side of the break valley in terms of how to value tesla -- the dark valley in terms of how to value tesla. emily: that's certainly one way to put it, dan. apple is stepping up to the plate, making face shields for health care workers. their manufacturers are working on ventilators. curious what this means for iphone production and what it means for apple's quarter as well. and apple,k cook
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like many companies around the country, have recognized their role in this. from a face and ventilator perspective -- wem an iphone perspective, have taken numbers down about 15%. i think you will continue to sort of see from a demand perspective just the anemic numbers over the next quarter or two. i think that's something investors are starting to factor in. it's similar to tesla -- what's on the other side of the break valley -- the dark valley? the big question will also be the 5g phones. do they release them in the fall, as was anticipated? i think it's closer to holiday season as it gets pushed out. right.all dan ives, always good to have
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you on the show. thanks so much for stopping by today. meantime, as cases of the coronavirus surge past 1.5 million, scientists everywhere are racing for a cure. earlier, i spoke with the ceo of ompanie, as well as our bloomberg news medical reporter. >> it has been absolutely unbelievable how fast the global pharmaceutical industry has worked to take on this coronavirus. i think that what we would see first is a therapeutic. there are trials already underway on experimental medicines that were in development before this even came about, and everybody has gone back through their pipeline of products to see if there's anything on the market available already that might be beneficial. even in the next couple months, we might seek treatment, should everything works beautifully. for vaccines, it's going to be at least a year. we just have to wait and see. emily: would you echo that?
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in as little as two months, we could see treatments? >> yes, if we are repurchasing existing drugs, that could happen. there are a lot -- repurchasing existing drugs -- repur posing existing drugs, that could happen. developing new drugs will take longer. some promising approaches, especially ones that are based around making drugs using antibodies from patients to have recovered. -- patients who have recovered. in several months, we could have potentially very effective therapeutics. emily: talk more about how those antibody treatments would work. we've heard about antibodies from covid-19 in particular, antibodies from sars patients as well. >> the science is still very preliminary. scientists and researchers around the world are racing fast
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to understand all the pieces of this puzzle. i'd say the most promising avenue would be to take the antibodies from recovered covid-19 patients, not so much patients, and use those antibodies that can bind the virus. then turn on the manufacturing to make those kinds of drugs that are similar to those antibodies, to give as treatment peoplerophylactics to against the covid-19 virus. ichelle,eantime , m let's talk a little bit more about a vaccine. 18 months out. we are seeing a lockdown in wuhan. deaths in a single
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day in the united states. given that, should lockdowns be ending? china folks in -- even in feel safe leaving their houses? is --le: the truth there's only two ways to build up immunity. the alternative is staying in your house 18 months until we have a vaccine. emily: you are shaking your head when i talked about the lockdown ending in wuhan. is there a happy medium between now and 18 months from now? >> i'm not sure how much information we have actually coming out of china, how much information we can trust. i think we should take all of that with a grain of salt. i would echo michelle's points around ending lockdowns. i think it would be super dangerous to do that now.
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we really need to get the case number's way down from where they are right now -- the case numbers way down from where they are right now. before massive testing we can get back on the road to normalization. emily: scientists are working around the world. i'm curious what you are seeing from your chinese counterpart and if you have any indication of what the real situation is like there. >> it's hard for us to tell. provide tools for scientists to understand biology. to understand how the virus actually affects humans, what is the immune response, how would different treatments potentially work, understand the severe versus mild cases, what is going on with the biology. we sell our products to the
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scientists and researchers. all the initial research was happening in china, going back to january and february, so there was a lot of science that was coming out. they are finding things now that there is much more of this kind of research around the world. it's hard for us to tell precisely the case numbers or anything like that. we do know there's a lot of research that's happening there and all around the world now. best estimateyour about a return to normalcy, or at least being able to leave our houses? how far out is this really, if treatments are still far out, vaccines are far out, and this whole idea of herd immunity is kind of unrealistic right now? >> you have to be very careful right now. in many ways, it's anybody's guess. as i mentioned, i think you need to get the case numbers much further down than they currently are in the united states. that's going to take some number
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of weeks, quite potentially, maybe even months. you need to have widespread testing. that's important. you need to have widespread testing so you can tell what's going on with the spread of the virus, so that you can prevent what's happening in new york happening again elsewhere. that's going to be our life for the next several months. we are going to be monitoring things very carefully. we have to monitor the numbers. we are going to be looking at all the different outbreaks. hopefully, in the not-too-distant future, medium-term, we will start to see some of these therapeutics emerging to start addressing the epidemic. coming up, we will talk about potentially fake masks. finding a new audience on instagram.
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potentially thousands of phony accounts. we'll take you to the press conference at the white house, scheduled to start in about 10 minutes. we'll be right back. this is bloomberg. ♪
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+ facebook has been struggling to contain misinformation about the virus on its platforms, including instagram. the latest battle -- instagram account promising medical grade face masks that could be fake. i want to bring in bloomberg's sarah frier, who covers instagram for us. this is something amazon and ebay have been battling as well. how big of the problem is this on instagram? sarah: we've seen thousands of accounts that are posting masks, claiming that they will be helpful to people, but they may
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not fit medical standards or may actually have harmful ingredients in them. this is something facebook has tried to counter. back in march, they banned advertisements for medical products because they were seeing a lot of price gouging, same as on amazon and ebay. it's really been difficult for them to clamp down on this, even though they say that this is their top priority right now. emily: what is facebook saying about it? it seems every day they are announcing some new initiative to crack down on misinformation. what are they doing about this instagram problem? sarah: they have fewer people looking at this right now. this goes to the heart of the problem with instagram's content moderation. facebook hasn't given instagram a lot of specific resources that
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it also applies to facebook. as i explain in peace this week, week,- in a piece this there is a central team at facebook that handles these issues of so-called integrity, and instagram doesn't have a specific team that works on these issues. they are playing second fiddle to a lot of the facebook priorities. that means a lot of content that canmage-based or meme-based fall through the cracks, especially when fewer contractors are able to go to work. "businessweek" is an excerpt from your upcoming book, in which you detail some of these resource issues that instagram is facing. you tie it back to mark zuckerberg's own jealousy, that he doesn't want instagram to surpass facebook. what does that mean for
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instagram possible trajectory going forward -- instagram's trajectory going forward? sarah: as the company centralizes its work on the biggest problems, they are going to prioritize the problems that affect the most people. facebook still has a lot more people than instagram does. instagram sometimes gets its problems pushed down to fourth or fifth or sixth priority in the long list of things that facebook needs to conquer. that's not good for instagram's users, who are more engaged now than ever. we've seen a huge spike of activity on instagram and facebook, especially in places that are extremely difficult to monitor, like live video. i think we are going to see this problem get harder, especially since the company doesn't have enough people working on it. emily: your new book "new filter out next week.is
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coming up, we will talk about another social media mogul, jack dorsey, committing $1 billion worth of his wealth to covid relief. this is bloomberg. ♪
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welcome back to "bloomberg technology." i'm emily chang. the press conference is scheduled to start at any moment, the daily task force briefing. we will be looking for any indications on their plans to reopen the economy. workingsors have been on medical criteria that might allow that to happen. much discussion about whether this talk is still premature. senator bernie sanders dropped out of the presidential race, clearing the path for vice president joe biden. biden will have a tough time breaking through in the middle
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of this pandemic. much of his efforts will have to be online. kevin cirilli caught up with the dnc chair, tom perez, to talk about the democratic national committee's plan going forward. take a listen. today is the beginning of the general election campaign, as far as i'm concerned. we are working hard to make sure we hand over to our nominee a really muscular infrastructure. that's what we've been working on for the last two years, and i'm confident and proud of the fact that we are going to hand over to the vice president the most expensive campaign infrastructure that's expansive expansive campaign infrastructure that the dnc has ever built for a nonincumbent candidate. kevin: how does the pandemic influence your ability to create that infrastructure, especially when it comes to fundraising?
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our tactics have changed, but our goals haven't. yes, we do a lot more work digitally. kevin, over the last three weeks, we have trained literally 4000 or 5000 digital organizers. we have been in the digital space for some time. we will continue to do this. we are continuing to raise money aggressively, because we want to make sure that we can implement our battleground buildup. we have already gotten organizers and others in place in the key battleground states. we are not knocking on doors. there's no doubt about that. we are actively ramping up our campaign battleground infrastructure. we know that we have 209 days till the election. we'll change our tactics, but not our goal, which is to win up and down the ballot. struck byirman, i was
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what you just said about not being able to knock on doors. even so, yesterday, wisconsin held a primary. as states decide to delay or postpone their primaries, we get closer to that june 9 deadline for delegate selection. are you two considering changing -- are you considering changing your rules at all? rules and bylaws committee is already working carefully and closely with the states that have been forced by this pandemic to change their primary dates, and we will continue to do that. are going to begin the process of working closely with the vice president, so that the momentum that he has built through his impressive run all across north, south east, and west -- he has incredibly broad appeal.
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we will work with the states that haven't voted yet. we will work with the states that have already voted. we're going to build a remarkable general election infrastructure so that we can win not only the presidency, but up and down the ballot. then: when it comes to convention, it has already been delayed to august. is it realistic to think in august convention is a normal convention? or will you have to consider things like delegates voting virtually? tom: i'm looking forward to august. we moved the convention five weeks back so that we can maximize the probability of success. i think that was a good move. our goal is to make sure we put on a really impressive show in milwaukee. we will make sure we have safety
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as job one. we will not put our public-health heads in the sand, unlike the other side. at the same time, i am confident that we can put on an exciting muscular convention, where we nominee our values, our . and i look forward to having the vice president talk about his values, his commitment to everyday americans as we move forward. the dnc chair, tom perez. i want to bring in kurt wagner now, who covers facebook and twitter for us. with bernie dropping out of the race, he was an expert at breaking through online. joe biden has not been as good at that. what does this mean for the campaign going forward, in terms of their digital strategy as it pertains to add dollars that will be spent -- ad dollars that
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will be spent on facebook, twitter, and elsewhere? >> this was a huge storyline after 2016. there was a lot of reviewing of how president trump used facebook versus how hillary clinton used facebook. there was a pretty strong belief that president trump did it much better. even today, i just went and looked. he has run 85 active advertising campaigns on facebook today has twohereas joe biden active campaigns he has launched today. even just the sheer volume that we are seeing from president trump versus joe biden is very drastically different. athink that when you look this two horse race, joe biden and his team are probably going to have to be a lot more aggressive on social media than they have been thus far. emily: interesting.
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we are seeing the president everyday on national television. we are standing by for him to start speaking now. we have reported he was already looking ahead. he bought the youtube masthead on election day. joe biden, at least through traditional channels, is going to have a tough time breaking through. what are his options across facebook, across twitter, to start doing things a little differently using the tools they have to offer. -- offer? >> one of the ways he's really at a disadvantage here is just from what they would call organic reach. you look at president trump, he is got 27 million followers on facebook and close to 70 -- 76 million followers on twitter. joe biden has 1.7 one million facebook followers. -- 1.725 million fewer
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one million facebook users -- f7 million facebook ollowers. right now, on facebook, live video -- there's a lot of live video being used. there's a lot of people using facebook messenger and whatsapp. are there ways that he can meet voters where they already are? i think that would probably be a strong strategy for him, given the fact that he's at such a disadvantage when it comes to networking on a natural platform. meantime, jack dorsey, ceo of both twitter and square, committing to donate $1 billion to coronavirus relief. it's a huge number. it's coming in the form of square equity. what's also interesting about it is if you put up a google
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could track where the money is going. the whole effort will be completely transparent. tell us a little bit more about how this is going to work. >> it is a massive number. it will be something that takes months, probably even years to really play out when you think about the fact that he is going to be selling the stock, and it's something he's going to have to do over time. as you pointed out, people can kind of follow this as it happens. that willoogle doc show all the different grants and the stock sales that he makes so that you can hold him accountable for following through and doing what he said. what we don't know is where this money is ultimately going to go. i'm told it's a global effort, so it won't be just here in the united states. but he also said in his tweed storm that after his covid-19
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release effort -- relief effort is over, he will start focusing on women's needs and on universal basic income. it doesn't necessarily mean all this money is going to go towards the coronavirus relief, but we should be able to see where it does go if he updates his google doc as he says he will. emily: he also talked about girls' education, where that money is sorely needed. kurt wagner, thanks so much. we've been getting breaking headlines about disney. disney announcing that disney has surpassed 50 million paid subscribers. they've had to close their theme parks around the world in the middle of this pandemic. disney+ has been rolling out in european countries, as well as india and here in the u.s. disney shares spiking after hours, up over 3%.
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coming up, we will talk about uber. uber eats continuing to expand. we'll also take you to the white house. that press conference was supposed to start about 10 minutes ago. this is bloomberg. ♪ berg. ♪
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uber is expanding a program that allows businesses to have food delivered to their employees' homes. this project was launched in the u.s. last year, now expanding to a dozen or so other countries.
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parturse, this is another of the expansion of uber eats, which has seen a surge in demand as a result of this quarantine period. tell us more about how this program works. >> they started as kind of a service to do office catering. they did some testing of it last year, and then they realized that there was a huge demand from a certain class of companies. they have some tech companies that are using it to send food to workers' homes as a way to keep the free lunches going that a lot of these offices offer. uptake inen a big usage from -- uptick in usage. they said usage increased 28% in march. sensing thisre
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opportunity, and they are rolling out this service for companies to order food for their employees to four new countries starting today in brazil, canada, france, and the u.k., and another dozen over the course of the year. emily: now, do we know how much money uber is making now off of this surge in uber eats? they've been offering big discounts in the middle of this coronavirus period, also big discounts for restaurants to join. they are also dealing with driver issues. what do we know about how this is actually impacting their uber eats' bottom line? mark: not a whole lot, but we are very interested to see what they report in their quarterly earnings, when those come up, as we are with many companies. changed the entire
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business and social landscape. their main business is essentially operating a taxi service that very few people want to use now that everyone is staying home and trying to avoid contact with other people, so their business has taken a substantial hit, as much as 70% ride declines in some of the hardest hit cities, like seattle. they have shifted a lot of their attention and a lot of their labor to the food delivery that canand are hoping make up for some of the shortfall in rides. soealing to businesses is far a small element, but one element of a larger strategy of getting more people to turn to uber eats to get their meals delivered in lieu of taking rides out to restaurants or wherever else.
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emily: amazon has teamed up with lyft to try to recruit some of their drivers to amazon warehouses, amazon delivery folks. is there any sense that uber might do something like that as scrambling uber also for these workers to drive for uber eats? actually, the president is walking to the podium right now. we will have to leave it there and listen in to the white house. president trump: this is a holy week for the religious believers across the nation to observe cap, good friday, and easter -- to observe passover, good friday, and easter. unbrokenis a sacred tradition that traces back to the ancient land of egypt. on sunday, we celebrate our beautiful, wonderful easter, which we all look forward to.
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easterd have many together in churches in the future. getting closer, you see the numbers -- we are getting much closer to getting our country back to the way it was. we have now an extra two countries that have been attacked, 184. they are being attacked as we speak, but we will all win. at some point, we will all win. we are going to do it sooner than people think. earlier today, i spoke with 10,000 of america's faith forers to thank them raising the spirits of our people during these very difficult days. while we may be physically apart, we can use this time to pray, to reflect, and to focus on our personal relationship with god. i also spoke with more than 3000 mayors, county commissioners, and state and tribal leaders to provide an update on our administration's ongoing drive to beat the virus, to crush the
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virus. and that's happening. it's happening. a little more quickly than people thought, maybe a lot more quickly, i hope. and it's something that, all over the world, we are watching. people are watching us and seeing what we are doing, and they are very impressed. we are dealing with many countries right now. many, many countries. as we are giving them whatever information we are able to glean. i just spoke with representatives of the u.k., and great prime their minister is doing much better today, or at least better, but certainly he's had a tough about -- bout and is still going through a tough time. but he seems to be doing better, and that's good. we send our regards to boris and his family and his friends, all of the people that really love him.
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before this happened, he became a very popular prime minister. he is doing an excellent job. he loves their country. he loves our country. we appreciate everything he's done. hopefully, he's going to be ok. speaking of great people and people that have done a fantastic job, i have secretary of state mike pompeo with us. i would like to ask mike to say a few words. then i think what we will do, in order to get him back to the state department, we will take some questions. and we'll then go on with the rest of what i'm going to say, then we will take some questions after that. then vice president pence will take over. >> thank you, mr. president. doing our part to protect the american people from the virus and to get them home. know, when many countries shut down their rail lines, their buses, their infrastructure systems, they were trapped.
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the state department swung into action. since january 29, we have repatriated over 50,000 united states citizens back to their homes. countries,han 90 more than 490 flights back to the united states from all across the world. this worldwide scale of our repatriation efforts is without parallel in our lifetime. foreignoordinating with governments, military, airport authorities, medical units, transportation companies, hotels, to make sure the american people get back, to be with their families. you can see behind me the map of the flights that we have brought back people from all across the world. every day, i get a chance to hear some of the remarkable stories from our team. let me give you a couple examples. our mission in peru, working with the military and police force to send riverboats of the river to get citizens that were stranded deep inside the amazon forest. make suren in nepal, a woman who was running low on
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medication. get medication before the flight that brought her back. in honduras, after the government set a very strict curfew, our embassy spring into action -- sprang into action. "thank you for helping me get back home to my dad," pretty neat. we have received similar message from thousands of people, happy to know their country would not leave them stranded. "i was in tears when i received the email approving our flight back to the united states. god bless the united states of america." "i felt like i had allies that treated me like a family person, not just a number." we have done great work. i want to thank our partners in the department of defense, who have helped with some of these flights back home, and other government agencies, sisters and brothers across the united states government and this
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administration, that have helped get this people -- these people back. we continue to help people around the world. we are helping countries with expertise and all the things these countries need to get their citizens safe and healthy, so that we can get the global economy back on its feet when this crisis is over. thank you. president trump: we will see if anybody has any questions for secretary of state. anybody? please. >> mr. secretary, that's an amazing effort that you have made. how do you know when you are done? i imagine there are americans in all corners of the world and someone will pop up and say, i want to go home now. >> it's a great question. we still have several thousand people -- they identified themselves every day. new people find themselves in difficult places. we will be done when people can travel on their own again. these people traveled abroad on vacations or with their church and were intending to get back
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on their own. we hope that day comes soon, where they don't have to rely on the state department to get them back home. but know this, we are devoting all the resources we have to get them. they are not in the capital near the airport or the roads are closed. it's not just a matter of getting a flight. there's a lot of work to be done to make it all happen. we still have several thousand. we are working on it. we chip away at that number every day. citizens identify themselves and say i need a little bit of help, and we do our best to get that to them as quickly as we can. we are going to keep it up as long as we have resources to do it and there's a need. have these staffers been tested or are they going into quarantine? what does this do to diplomatic efforts overseas? if you're pulling 50,000 people out of capitals all out of the
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world? >> the vast majority of these 50,000 were ordinary citizens who were traveling for business or for commercial or for their trip of a lifetime. we've seen some of that on the cruise ships. our embassies, save for the one in wuhan, which we did pull everybody out of, are open. we have had a handful of our folks test positive, but we feel like we have a good handle on it. we are doing everything we can to make sure not just the state department, but are department of defense colleagues are doing so in a way that reduce the risk to them and their well-being also. chinayou feel like withheld critical information from the united states, and will there be any consequences from that? >> this is not the time for retribution, but it is still the time for clarity and transparency. we are still working on this problem set. there is still dated that these good people need so that they
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can perform their analysis -- data that these good people need so that they can perform their analysis. included,try, china needs to be transparent about what's going on in their country. we share our data with the world so that the best scientists in the world can get to the right conclusions and bring this global economy back to the place we all want it to be, as quickly as we can. every country has that responsibility. it started in china, so they had that special responsibility to get it right quickly. >> should they have shared their data sooner with the united states? [no audio] >> thank you, president trump. the world health organization
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has a fundraising drive for coronavirus resources. china has only donated $20 million -- emily: speaking at the white house briefing, you can continue to watch this on the terminal. we will be back with more. ♪
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beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity.
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every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> good evening from bloomberg's world headquarters. i am shery ahn in new york. haidi: and i am haidi stroud-watts in sydney. welcome to daybreak australia. here are your top stories for today. the coronavirus maintains its global grip iand infections have now passed 1.5 million. oil had

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