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tv   Mad Money  CNBC  October 5, 2020 6:00pm-7:00pm EDT

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you'll see more and more states having mandates about solar power needing to be used f biden comes in, you're going to have a green new deal a huge deal. money is going to be flowing into solar tan, etf >> guy >> my mission is simple, to make you money i am here to level the plain field for all investors there is always a market some where. i promise to help you find it. "mad money" starts now >> hey, i am cramer. welcome to "mad money. welcome to cramer america. i am just trying to make you money. call me 1800-743-cnbc.
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the in that canasdaq at 2.3% >> the stocks are all flavors and sizes and including stocks that is rallying the same time from a certain perspective this move looks like it is driven by contradictory theories about the future take the election. today the market trended both trump and biden are going to win. seemingly impossible let me give you both perspectives on the republicans side, the president is feeling better and they're betting a big bound. trump is expected to leave walter reed medical at 6:00 p.m. we are monitoring the situation and keep you updated maybe he can make a come back and win the election
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that's the argument he started making today you should not worry so much about covid because we got great drugs that can beat this thing on the democratic side, biden has been getting strong pollings, much better than hillary clinton. a landslide victory. that's some real possibility the democrats want this election to be a referendum on covid. even the president is fine, the white house is turning into a coronavirus hot spot even though biden wants to raise corporate taxes and end capitol gains taxes, that's not great for the market there are a host of stocks that do better under democratic leadership those stocks, the china stock, they roared today. the biden administration won't
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be as tough with the china government a lot of tech is on fire don't forget caterpillar only one candidate can win the election genius maybe there is a way to square the circle what we got today was a removal of uncertainty president trump is not going to pass away from covid, thank g goodness there is nothing the market hates more than uncertainty. take it away, stocks go higher don't get me wrong i am just telling you what i see in the tapes the tapes speak to me. i am translating the tape and telling you what it says biden has a strong hand, that may turn a strong hand to speaker pelosi the market needs to take some kind of stimulus package
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talks continue assuming we'll get another bail out, that means the government needs to borrow a fortune and interest rates are soaring it is great for the banks. thank heavens. if they can argue that business can get better with higher rates and show they are doing well with volatility and record stock issues, a possibility then some of the financial may be viable the second group of the market what can turn positive and i am begging you, i am not going to get it on my hands. i am telling you, please sell. there should not be much in supply they can't resist and you will get a higher price
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go, go oil from a second round of stimulus well, there is a remodel trade people talking about buying whirlpool, that makes sense. people stuck at home and they have more money. they'll spend it on their houses and working from home, make your home better looking. my favorite are best buy that stock soared and home depot and walmart and costco by the way, i also now are adding this one, much hated bed, bath and beyond. i know it run a lot last week. it comes back 120. take it in never forget this speaks volume. and stimulus means details normally when interest rate shoots higher, you are supposed to sell the turbo charge gross stuff. that's what you are supposed to
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do, the so-called kahandbook when one of them gets good news, regeneron, their stocks roared $20. this deal reminded us many stocks can be worth more than we thought. more when we speak to the ceo, ceo giovanni nvid he won in his amazingconferenc today saying he wants to dominate the data center and artificial intelligence.
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do not bet against caforio, never. many republican senators are holding around a round of stimulus because they are doing so well. today we got good numbers that's good indicator of the economy. 32,000 class 8 units 55% every month? what is that like all the people working at the cinemas that are closing the auto industry is on fire, now. why? you got people coming back and they move from the suburbs from the cities they have the mass transit they don't want to take anymore so they need a car to get around. it is an incredible bull market.
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take a look at car max and automation you know what's my favorite here i can't believe i am saying it t called a reveal. ford i am warming up to ford. i swore i would never woarm up t it i am warming up to it. why? it is because the company seems determined to not lose money anyway, i love the new electric f-150 that's coming out 2022 i already asked if my wife wanted it for her birthday she says no. that's the way to tell what a car or truck is worth, the used price. it is not often that all roads lead to higher
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so with a few exceptions though the bottom line is this market is taking its cue from a funny thing happening. something familiar something peculiar >> whoever is winning this election, we are going higher as long as we don't have to wait for weeks for the actual results. more "mad money" ahead we'll bring you the latest of president trump's departure from walter reed. >> i would stick with cramer >> don't miss a second of "mad money" och." >> have a question, tweet him or send us an e-mail or give us a
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call at 1800-743-cnbcmadmoney. ♪
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this morning cramer favors some miles that's as clinical stage of cardio vascular disease. 13.1 billion cash. >> it is as chronic disease makes it harder for the heart to pump blood they should be ready to file new drug application bristol is paying 60% premium
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for this thing let's check in with dr. giovanni caforio >> thank you, jim. >> this is a big deal. it addresses a market that's antetokounm gigantic this is something so that there is another leg to the stotool t we want so much, tell me why you are spending so much for it. >> thank you, jim. it is an important day for us. we announced it. the acquisition celgene was one year ago 2020 has been an important year in which we made great process we built a stronger foundation as a company
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>> it is an important company because they develop a really interesting approach to the treatment of cardio vascular disease. the lead damage -- as you said it is potentially revolutionary medicine for the treatment of serious disease, abstracted acl. >> this is a genetic disease that thickens the muscle of the heart. >> symptoms are serious. shortness of breath. inability to perform normal activities some patients have severe rarit ya and they can die from cardiac arrest
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it is potentially a really important medicine that can be filed with the fda in the first week of next year and could launch the end of next year. >> one of the things i thought it was interesting was they gave him an ablation. it seemings like it is a terrible way verses 60% of the success rate some old therapiests are used to seeing -- surgery is clearly very invasive and has significant risk associated with it when we sold the result of the clinical trial, and the significant impact that it had on patients.
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we were sthenthusiastic we have had a commitment for a very long time as its company. >> leading cardiac medicine in the world. we are the idea company to take it from the regular steps in the u.s. and use our commercial and medical infrastructure to launch again next year and we allow the full potential for patients and the value ofthe medicines. >> one other question, dr. i wanted your balance sheet to get better quick leer >> are we dividend okay? >> people buy this company because it is a great balance. is that at risk. >> the performance of our business is very strong. financially we continue to get stronger we have significant flexibility. today we announced the acquisiti
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acquisition. he continue to focus on the level of deaths and bringing it down to 1.5. by 2024. we have the flexibility to continue to invest in external in kn innovati innovation think company making oing it -- >> yeah, i was surprised that i know the that he are good people i got to ask you, the things that's happening and no one is talking about it >> well, i am happy of what's happening with t-vo. >> we had a number of events this year.
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>> we'll go on first line lung cancer it is early in the launch but i am i pleased of what i am seeing we had a number of clinical trials this year tyler thornt importantly though the next oncology treating answer earlier what we are calling adjuvant this weyear we had two point. >> we have a promising and deep and clinical development program and two dud is that are read >> i think the stock gotten way too cheap.
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business collaborations, can't get any traction here. seems like a natural work from home play, right slack started lagging behind the other remote work cloud news because wall street worries about competition.n net dollars retention rate dollar retention is what
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analysts watch when they're concerned of competition from a microsoft change, we did our own poll, looks like 5,000 votes. still a lot of like here with slack. we got to find out more. we have to take control and find out what's going on. let's figure -- look at this panel. anyway, we are going to try to take back control of annual slack. so let's get a better read on this, stewart butterfield, welcome back to "mad money." >> thank you for having me, jim. >> before i get started, you got to ask -- slack was down today i believe another company was down last week but no one asked them this was not something anybody complaining about but they just
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ask me to ask you about it >> it does happen. >> it is a real indicator of what slack plays it could be frustrating. it is frustrating because i think if you look back the last six months, it is been 100% up and we are resolving to do better >> the lesson is maybe don't go on "mad money. >> exactly >> just kidding. we got it underway, that's good. i have been studying your situation and i have to tell you that i have come around to the idea that people like slack but people are told to like it i try to different steps of disable team to go to slack. i think you are onto something it is too hard >> it is too hard and we have
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130,000 customers around the world accelerating growth they're all sizes. i think there is a little bit of a misconception around slack if you look at the market leader in most industry uses slack. we are talking about verizon and amazon going wall to wall and the last one financial services including northwestern mutual but also companies that are kicking butts. peloton is a slack user and most software vendors are slack users and you start to see a lot more out ward pressure and viral growth from those companies migrating to their partners and customers and vendors. >> when i was running the streets, we got slack, people thought i am a genius. i want something that's intuitive. can you explain why people like
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what's not even intuitive and they have never been on slack. >> we are at a rapid rate to get to where we are today. 6.5 years and hard to explain. maybe the pandemic times make it easier look, slack is your office when you don't have a physical office anymore. i don't know how helpful that is it has been the kind of thing where people don't know what they want but once they have it, they can't live without it the ability to move messaging from inboxes to channels and everything that's hamming and initiative and team and projects and business units and functional group once you have that, everyone knows where to go to get caught up on something. that's transformative. >> the idea that microsoft is
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using its marketing and dominating power in order to take advantage and force people to use teams can you get a resolution there are you going to take them to court? what do you see happening? >> we bring a complaint to the commission in this case. it is up to them they are actively investigating now. we are confident that microsoft's behavior is illegal. that process takes some time it is always great to have you i chose you when i had the opportunity to go to other way thank you so much, stewart, butterf butterfield. >> let's go to shepard smith with breaking news coverage of president trump's departure from walter reed. >> thank you, jim, i am shepard smith, on the other side of your
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screen, the front door at walter reed where we expect president trump to exit and head back home to the white house moments from now. >> back home to a building now seeing several positive cases. it has become a super spreader place. mceney announced she's tested positive today when did he last test negative or first positive for the disease? no answer. how is his lungs functioning no answer. what is the complete list of medications the president is taking now no answer. on the flip side, discussing the
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positives of president trump's treatments saying the president met and treated all discharge criteria, in other words, he can go what's the plan here for the route back to the white house eamon javers >> justabout a 10-minute ride back to the white house then we go to unchartered territory. the president is not in isolation but in the white house residence for a period of time where he'll have limited access to other staffers, mark meadows, the chief of staff and maybe one or two or others all of those people will be wearing the full set of ppe that you are seeing in recent days as aides surrounding the president in some of these pictures. they'll communicate via twitter or photos they released. a lot of it will look like some of the communications you see in the past couple of days from
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here at walter reed. >> that ride in the suv yesterday understandably attracted a lot of criticism about the virus spread, what did the doctors say about that >> the agents were wearing full set of ppe and that was safe they were only exposed to the president for a limited time the secret service is always prepared to take enormous amount of risk to protect the president of the united states eamon javers, back to you in a little bit let's turn to our robert acosta now. good to talk to you. >> good to be with you this ride on marine one - from
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what i remember is a crowded place. how are they protecting the staff and the pilot there? >> those issues are not driving discussions inside the president's inner circle at this time talking to white house officials and the president's advisers the last couple of hours. it is clear the president's rele relentlessness and desires t get back to the white house. safety guidelines and social distancing and those sorts of issues are being flouted as the president moves ahead. >> was this all along the president, was the president like get me out of here or did the doctor say it is time for me to go, what happened >> there is always a chance here the doctors are working for the president, they are medical professionals and he's also the command commander-in-chief who runs the federal government he can choose to do what he wants.
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he's been making the case i am told by the president's friend and confidante he can be working inside the residence white house. there is division among some of the medical professionals at walter reed. many i am toll woud would like e the president more before going back to the white house. >> he's going back to the white house. they're fwoigoing to allow -- hs the president, he's going to go where ever he wants. how are they keeping other people who work there from getting the disease from him >> this has been an unfolding story inside the administration. a lot of aids i am taes who wor president trump are on edge. they're not getting enough guidance of whether they should stay home or not or the west wing or the white house is a safe facility due to all different cases.
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the press secretary and two deputies contracted coronavirus. it is spreading throughout the entire inner circle of president trump and beyond and this white house is really in a crisis mode that's been going on for days. >> it is hard to get specific information but it is hopeful to know if the vice president has been around the president and say the last nine days since what was a super spreader event at the white house for the supreme court nominee. if he has been in direct contact with the president maskless then the guidance would suggest that he should be isolated and waited instead he's back on the campaign trail what do we know? >> shep, those are all facts but here is the reality. vice president pence is planning to go to salt lake city. after that he's going to go to
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arizona for a rally. we have seen a lack of face covering from recent rally this is a campaign that's going full steam ahead i can't reiterate enough when i am talking to officials in congress and the white house how much they want to get the president and vice president on the campaign trail they're uneasy about the latest polling and battleground states. it is a political motivation at this critical juncture >> we have been given a two-minute warning so the president will be coming out shortly. it is exactly 72 hours it was 6:30 eastern time on friday that he checked in and then at 6:30 he's getting out. >> i don't know if there is as significance of that or they want it so that it would be on the evening newscast or what's the reasoning for the timing, do you? >> doctors conley pushed the
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president going to walter reed but it was the president who's been tweeting up a storm telling everyone who he's on the phone with he's pushed to have that motorcade ride it is unclear whether the president will go down to the oval office or will he remain in the residence or we see him try to get up and around >> you know it was interesting that dr. conley, he deceived us on friday. he came out and admitted as much on saturday. what's the level of trust in what we are hearing from these doctors, among the press core according to your reporting. >> the press understands hippa and how doctors can't reveal all information but this is the commander-in-chief and people want to know whether his health is okay and govern the country and so supporters have bereport
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toughen their questions and dr. conley spoken confidence about the president. what we know is that the president gotten serious drugs and he's under care and yet he's going home to the white house. it is hard to figure out what's the state of play here in terms of our commander-in-chief. we are all americans -- what's the reality? we are trying to piece it together >> it is a very good question. robert, stay with us eamon javers, do they have new protocols set aside for the white house. how will they be protecting those in the white house from the disease that the president has and could be spreading will the president be wearing a mask do we know >> reporter: dr. conley was asked that earlier today
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he declined the procedure of what it is going to be inside the white house. it is not just the white house staff, there are secret service agents and military aides and drivers and chefs and cooks inside the white house residence. there is a huge number of staff keeping that building running on a day-to-day basis melania trump has been isolation at the white house presumably there is a protocol that's in place and they can sort of fold the president into whatever they are doing. here he is now >> the president the president just walked out the door and walking by himself and this is that photo opportunity that robert acosta reports and here it is let's listen to this maybe he'll say something. let's listen next.
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>> mr. president, how many of your staffers are sick >> thank you very much >> do you think you may be a super spreader mr. president >> the pool reporter asking the president if he may be the super spreader if you have the disease depending on your viral level which we don't know. if you are not covered up and distancing, you can be a super spreader >> yes, that's right the president there not speaking as we were told. he was not expected to and for safety reasons, you don't want the president to approach the press here and starts to talk to them and take questions. that kind of close interaction could be dangerous the press, those folks are masked up. as you watch that here at walter
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reed, you think of other entrances that thepresident ha made, the elevator ride, this is a grand entrance here for the president of the united states underscoring the point that dr. conley made today. he's back. he wanted this visual to get out in less than a month and in front of national presidential election which he's on the ballot he wants to send a message to the country that he's going to be just fine and that's the message we are watching just now. >> i want to reset a little bit because the message he's sending is how is it resonating? in a stroke of genius on friday when cnbc and the rest of the world learned that the president has covid-19 and the president is going to the hospital we did our polling that we do from time to time here, cnbc polling and the pollsters went out with questions about this very thing and on the news in
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the next hour we are going to have the ruesults of those poll. did this change people's votes did they have a new perception of the president and covid-19. a series of questions that are very, very informative we gotten those back we sent the cross tabs of all the details of who said what and where they are from and busuburn or metropolitan. steve cornacki has been diving in for us. we'll have a complete report first, i want to get to kayla tausche who's been tracking covid at the white house >> reporter: i am at 1600 pennsylvania avenue has been affecting the president's staff up top high level officials. you heard that pool reporter asking the president just how many staffers have become ill with the coronavirus virus >> that was something that was
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asked to mcceny. we know that three journalists have been rotating through the pool in the last week have become ill we know two staffers and the white house residence who serves keeping house functions have been ill >> we know that the president's body man, luna, the plane lows guard, he has become ill with the coronavirus as well. there are others like ivanka trump who continue to test negative >> mike pence who this afternoon departed from joint base andrus to utah for the vice president debate that's happening later this week. >> he was going with the president's blessing he didn't say he was excited to
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get out there and debate and it would be important for them to say that >> all of this is adjusting in realtime and though he continues to test negative for a fourth day in a row >> you can see the president there boarding marine one. friday it will be a quick trip over to the white house and in he'll go if he makes a statement there, we'll hear it. our cameras and microphone are all there. >> let's take about his condition. doctor, thank you. >> hi shepard. >> you hear the crowds yelling "four more years." everybody is hoping he'll recover from all of this >> what's your take away of where he is today?
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>> shep, this is a roller coaster ride we don't know what the president's condition was when he went in to the hospital or now coming out under no circumstances would most of us feel like this is the time to discharge a patient who has covid that was serious enough to put on steroid and in addition to remdesivir and antibody aud all of a sudden, he's right back at the white house the president us personally a conspiracy super spreader of the coronavirus. >> and multiple events >> of course, he and his entourage they're just completely contagious as a group in a way >> i don't know how they're going to be able to do the case
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tracking and testing just too many people involved and you think of all the events happening and over the last ten days is extraordinary >>. right now in terms of the president's health i am sorry, -- the doctor have told us the president had a high fever and low oxygen which technically and by his own government guidelines indicate that his case is a severe case we know he started on the remdesivir and steroids. given that he received these drugs, the ones we know about and any others or maybe we don't. does that indicate that he should not be up and about or any patient on those drugs >> sure.
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>> yes, he got the drug that's given to a very sick person and the discharge. we have a fundamental inconsiste inconsistency with the orders or allowed to be given by his medical staff. >> the whole thing does not add up i am concerned about it and it is putting the white house staff and huge people working in the west wing. >> they all are going to be expo exposed, much like those secret service agents just watching him come out of walter reed there did not look soo great. he was tapping on the banister and on his right side. he gave a couple of thumbs up,
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he had his mask on which is good he didn't want to communicate with anybody and within the into the limo >> i think there will be more questions. hopefully the president won't have a serious capacity nation anybody. is it possible that the steroids have made him feel better. antibody given him a boost and really does feel better than 20 years ago. or once the steroid runs out and this disease gets in the middle of a familiar cycle. that's when some people get puch much worst >> does it still exist
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>> everything youare saying is true >> high dose of any steroids, yes, you can feel some up from that some people get confused and disoriented. >> that's just at activities to what effects he's feeling from this is a brew confounding complications of the pz. >> and what the president wants to do and this is a big point. what the president wants to do and feels what he needs to do is get back on the campaign trail how much political influence from the president and the white house is driving these medical decisions. we just don't know at this point. >> were you watching this a second ago i think we have a video of the president coming out of the front door and beginning to walk down the stairs. >> hen he comwhen he comes out,
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gesture it much. that rail right there now has covid on it. we don't know how long it is going to live there. then he goes getting into the helicopter there are feem around him in close quarter. >> is it your observation that a lot of people are being exposed to someone who has a really, bad contagious disease >> that's the case, shep >> we have all sorts of issues that's going to come up now. not just touching the service and controversial about it but, just the people that are going to be arnds him in his vicinity and the white house a lot of people will be exposed that should not be
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he really should remap in the on the part until monday at least then i am not sure what the pressures are that allowed the medical staff to get him go early. >> i guess he's a president. >> and if he wants to leave, he can. >> that's next monday. >> i got to get to jonathan swan >> stay with us, please. >> let's get to jonathan swan. what's your reporting on the people who's working inside the white house? >> there is a lot of frustration in the west wing many of these senior staffers
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found out on twitter that hope hicks, their colleague had the virus. they were not informed they had to find out from the news there was no official communications from them from friday morning to last night >> i e-mailed the white house about 8:00 or 4:00 p.m. last night. and 14 minutes after i e-mailed, the e-mail -- with generic safety of covid and this virus is running lose in the west wing a lot of anxiety and a lot of frustration and a lot of confusions >> yes >> it was this weird moment
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where people in the west wing were on the same boat on sunday. >> and none of us knew the extent of this fire had torn through the west wing. >> you know i can't help but think about it like this i work in cnbc, across the washington bridge. we have a huge headquarters here a couple of thousand people fit in it. >> we are down below 10% of staffs right now >> if my mos toboss told me if r going to bring in the -- covid just got out of the hospital and i have to come to the hospital where that person is that would end my short run at cnbc i am not going to get in a room where i know someone is perspective. >> i have not been to dinner
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since february who the heck is going to come to work when there is a super spreader walking around. >> i don't want to be near around super sweater jonathan swan is there at the white house right now. did they have to go to work? >> do you know jonathan? >> the staffing of the west wing has been disparse in recent days >> you can see right thi this -- he's about to rrn to the house about 32 hours discharge. most ahead of schedule and we are now entering a new chapter in his recovery from covid-19 >> do we know we are about to
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hear from him? >> jeff, shep, i am sorry to say, i am no longer with you i believe the helicopter is that lie. >> robert, just a billion questions. i am always curious when he ask basic questions that they don't answer >> if the president had wanted us to know how are his lungs and what drugs are he's taken. he could have told his doctor, you can go ahead and tell them, there is nothing preventing that he clearly does not want us to know >> this is a president kept things closely held from his tax returns and medical information. not unusual for anyone want to
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keep -- this is the president's defiant. go back to debate. he just tweeted he would like to have -- get back on the campaign trial as soon as possible. >> the doctor says it is not possible until ten days you are a free of fevers we are told that he has not had a fever. but, he's still covid positive >> it is going to raise enormous concerns after the safety of the people thou thou should they attend a rally
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hosted from -- the president is isolated in many ways of decision making and in terms of strategizing chief of staff is close to the president but in no way countering the president when it comes to advice. >> according to scientists and reporting of the president's own health authorities in some cases, people lose some cognition because the disease affects you in such a way. >> the patients taking more of these extreme treatment which he's been taking does anyone believe that the president's cognitive pucks has been reporting >> we do know that this
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president trump due to his age and health, and weight, he's seen as someone as risk. that's why the doctor have urged him to rest and not be active and not going back to the white house, please. >> we are told publicly and working privately about how he's handling the covid-19 so far it is not clear of the testing and when he contracted it or still at an early stage of the virus. it plays out for people of his age range, at 74 years old i am not a medical professional but talking to medical professor that it is clear >> in the president has it and first lady has it, kaleigh mechanic mceney has it the west wring is a super
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sproeder location. >> are there any concerns? >> they will keep on getting positive tests and it will be comprehensive cu-- >> the president's campaign managers and three senators. major republicans are dealing with the rcoronavirus and wishin them a speedy recovery people should go back to work, he has the virus but it is hysteria >> that's the question is there any one in his political circle who thought, if he stays in the hospital and says now i understand this thing.
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he can get some physical sympathy and some emotional lift there was another political route to take her. was anyone advised her to stay there and mile k this. >> many republicans were hoping hi would come back there is a lot of private concerns i am dekt -- you see senator john cornyn, he came out saying the president has made some mistakes and now he's handling the pandemic >> you see the president may not have done everything right >> our connection is getting
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shaky and we are about to get to the top of the hour. we have gone almost as normal there to the white house being the center of covid with billions of people around the world is and that place is now at the very center of this disease this is the news on cnbc he'll receive another dose of remdesivir here today, and then we plan to get him home. >> president trump's health. >> you're actively not telling us what the lung scans show gl tonight, what we know and what we don't know, and what's next for both campaigns scorched earth, hundreds of homes destroyed, dozens of lives lost california hits a record milestone this year. 4 million acres burned >> we have been told since early march,

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