tv Cuomo Prime Time CNN March 12, 2020 6:00pm-7:00pm PDT
6:00 pm
disneyland and disney world also shutting down. in so many ways life moved even further from normal. join us at 10:00 p.m. eastern tonight for a cnn global town hall, coronavirus facts and fears. it's a two hour special. try to get you as much facts and information, the truth as possible. the news continues. i want to hand it over to chris for "cuomo primetime." >> more facts, less panic. thank you so much for being a part of the town hall in the next hour. it is so helpful to so many. >> i am chris cuomo and welcome to "prime time." america is closed and closed in a way we have rarely if ever seen, and that's true. a shaky president told you last night that all is well. we know it truth is very different. tonight the realities. testing is not going smoothly. we have to expose the needs, and we need to see the real challenge. the precautions that were taken, okay, they're going to help reduce cases, but more cases are coming than we can imagine right now, and our real question, our
6:01 pm
real challenge is going to be capacity. that is the crisis that is going on in italy. where are we on capacity? what is being done to prepare for the cases we're definitely going to have? we're all being tested right now. i'm not talking about coronavirus. i'm talking about our personal mettle in a way that we've never been before. so let's get the truth, let's get the government to do its job, and together let's get after it. you don't need me to tell you what you're seeing in your own lives, this growing sense of what if, the tightfisted fears, the sense of dread fueled by an ever increasing unknown. you know, it does remind me a little of how it felt hereafter 9/11. of course this is very different. why? well, this time we can prepare. we can do something to reduce the scope. but just as then we will find the strongest defense in what? our collective will to fight
6:02 pm
back. that's why you see america shutting down at a head spinning rate. just the last 24 hours ohio, maryland, kentucky, new mexico shutting schools. why? slow the rate of infections. but i thought it couldn't infect kids, yeah but they can infect others. the bigger the group, the bigger the risk. the ncaa canceling march madness, the nba and nfl suspending their seasons along with major league soccer. the mlb delaying opening day. you're seeing more and more c c canceled. the trump ban on foreign nationals from much of europe will go into effect. it's a startling headline. but the reason why it's happening must get attention and perspective. tonight we're going to focus on that and what the real challenge is that's coming that we are not hearing enough about. let me explain it to you this way. here's the state of play. more than 1,600 coronavirus
6:03 pm
cases right now. that number has to be dramatically underreported for good and bad reason. for a bad reason, testing is woefully. the good reason, a lot of people have had coronavirus and recovered without realizing it. the number of cases that we hear about where that will happen where you'll get over it or you'll be asymptomatic meaning you never really know you have it, 80%. think about that in the context of 41 deaths so far. but 24 of those 41 were in one nursing home. that number is so low compared to other places. so why the drama? why all the closing? i'll show you why. data shows this virus is spreading faster in the united states than in almost all european countries except italy. why? take a look at the trajectories. you see it here?
6:04 pm
now, i won't mess it up with my big hand but look at hong kong, singapore. why is it spreading more over there? more aggressive action to cut down the spread. in china it's even more dramatic, why? because they can do things there people listen to like that. they don't have to sell it. south korea the response hasn't been perfect, but with its testing of thousands people a day we've barely done a thousand tests, it masked to greatly contain the contagion. what do we see here at home? testing is slow. in fact it's so slow forget about contact tracing. it's not going to happen. we still need the data for resources. how you apportion resources. but be honest, the horses left the barn. we're going to see community spread. and let me point out why we need to be tough on the truth, okay? look at what happened just today. >> frankly, the testing has been going very smooth. >> the system does not -- is not really geared to what we need
6:05 pm
right now. it is a failure. let's admit it. >> fauci is about the we and you having reasonable expectations. trump is about the "me" and he is lying to you. and the reason that it matters is that his resistance to reality is keeping us behind on the most major challenge. you're going to hear the term prevention will flatten the curve. what does that mean? there are two different curves, which are basically scenarios of what could happen in america depending on what the next steps are. so fauci -- dr. fauci told us if you look at the curves as outbreaks they have big peak and then they come down. what we need to do is flatten that peak because that means less cases, less density, less trouble. now, if you don't take the measures we're all freaked out about right now, you become italy. overwhelmed, you cannot handle the need. but if you live with these measures and i know they suck
6:06 pm
but you have to take them in relationship with the alternative, if you go with them right now, you will see a flatter line. experts say we can treat more patients and limit the overwhelming of hospitals nationwide. why'd i slow down? according to reporting our country has 2.8 hospital beds per thousand people. 2.8 per thousand. that's actually fewer than in italy, china, and south korea. why? it's a long discussion. forget it for now. it's estimated that we only have about 45,000 intensive care unit beds in the united states. so if you take a moderate outbreak, you have about 200,000 cases that would need one of those beds. so that is a moderate reality. in that context, again, truth matters now. i don't want you surprised by what you should know. why did the president say this? >> look, we're in great shape. compared to other places we are in really good shape.
6:07 pm
>> what other place? lalaland? we're not in great shape. more walk, less talk, find capacity. the truth is a must. we cannot have excuses. you cannot be put into a state of panic because the truth was hidden from you. not when time is precious. we know that cases are going to come at much greater scale than we're seeing now, okay? are we ready for that scale? the answer is no. how do you get ready for that scale? now, that's a good question. and joining us now is someone who knows a lot about how you protect the country from these kinds of dangers, lisa monaco, former homeland security advisor to president obama. now national security analyst for us. give it up, a little bit of that. all right, now, this is easy for you to follow around but for so many people everything shutting down means everything is going to hell in a hand basket but actually it's the opposite, that
6:08 pm
we're starting to get where we need. why would fauci say it's not working the testing and the president is saying it's going smoothly. who does that help? >> it doesn't help anyone, chris. and i think you performed a tremendous service particularly by putting up that curve graph, because people do need to understand our mission has got to be to flatten that curve. i think what you saw with fauci yesterday testifying on capitol hill, he was asked is this going to get worse, and he was clear as he could be. yes, it is absolutely going to get worse, but how much worse is going to depend on how aggressive we are right now. why did he say that? because he's trying to set the conditions to flatten that curve. and he's trying to prepare us to take all the steps you just described. >> so, again, just in terms of making sure people understand why we are where we are, the president says it's a foreign virus as if this was launched on us like an attack. we know what that's about. that's about him playing
6:09 pm
xenophobia, that works with his base. forget it. and we never saw it coming. is that true? >> no, it's not true. >> why? >> you talk about this being an unforeseen challenge. >> yes. >> it's not true. this was absolutely foreseen. and this is not a black swan event. black swan says okay we were surprised. absolutely we weren't surprised. our intelligence community, career experts have said for the last several years pandemic disease, emerging infectious disease is one of the top threats we face as a nation, and they said in unclassified form in their worldwide threat assessment for the last several years running. >> let me ask you something because this is going to be compelling to people and i want to make sure you get the best defense. monaco, she's with biden. she's going to try to trash trump and say this was here, and she's painting it like something that was about them preparing here. defend your position, as a biden supporter -- forget about biden but why is this true?
6:10 pm
how can you show they had reason to know but still didn't make cuts and still didn't prepare? >> submitted to congress as a public document it listed in that document is emerging infectious disease, pandemic disease, something we've got to be focused on. the second point is we talked about it, we talked about it the in the transition. one of my jobs as homeland security advisor was to prepare the new team to take on a set of risks they were assuming. >> and where was this? >> during the transition on the last week of the administration we sat down side by side -- and i can't claim credit for this. we were taking a page out of the bush administration book -- hook, we've been through ebola, through zika, h1n1, sars.
6:11 pm
sure we're going to talk about terrorist attacks, hurricanes. and what i decided we needed to add to that scenario, and we sat down in a room, big room side by side, and i said we've got to include a pandemic scenario. and my team, career experts who sat in a unit that was dedicated to preparing for these things, we said we've got to include a pandemic scenario, a new strain of flu that's what we're most worried about. ebola was a tough challenge, sure was but very different than what we're facing now. a new strain of flu, a novel virus like sars or mers -- >> so they had full warning. they could have planned for it. i have a couple of questions about the present. well, one about the present and one about the future. the utah jazz they get one of their guys, you're playing the fool, he's wearing the mask and
6:12 pm
now he's quarantined. now he's got coronavirus. how did they get those tests so a fast? >> if people are desperate all over this country and they just can't get tests, how did the utah jazz get a test so fast? >> i don't know the answer to that, chris, but we've got to be figuring out a way and figure out from our leaders how we're going to get testing done on a widespread free basis because we can't attack what we don't see, and we don't see what we can't test. >> when you have like the resources do they go to your buddi buddies first and there are tests. so if he doesn't like your state you're going to get them, and if he does like your state, you're going to get them? >> ychb no information that's how it's working now, but the point is we've got to get the test and we're woefully behind the testing we need to do. and that's the crisis we're
6:13 pm
focusing on now and we should be and we've got to do a hell of a lot better. but, chris, i'm worried about the next wave coming at us, the absolute overwhelming of our health care capacity. you laid out the numbers and they're stunning. >> why do our numbers stink? why do we have less capacity than other countries we think we're better than? >> you just had who knows more about our health care system. and i think it's fair to say democrat and republican we have underfunded our health care system, so that's fair and we've got to spread that around. >> do you know what's going on right now in trying to -- it seems to me, yes, testing full stop. then new sentence, but, comma, you kind of passed it anyway. the cases are going to come and the next signal of the need will be at the hospitals. is the federal government in some kind of like huge military
6:14 pm
exercise building capacity right now we don't know about? >> i don't know the answer to that. i'd like to hear -- one of the things i wanted to hear from the president's speech last night and i should say, look, somber tone, very important to do. i've been inside the white house, understand what goes into an oval office speech. but what we didn't hear is what is the plan to do more widespread test [to give our health care workers who are on the front lines, chris, they're the ones who are going to protect us to make sure they have the capacity, equipment they need. >> we see it's coming. you know now capacity is going to be an issue. what do you do know? the 30 year ban on europe, why? >> it may slow the pace of the spread but it is not a panacea. >> lisa monaco, thank you very
6:15 pm
much. i appreciate the perspective. thank you very much. all right, look, what do we know about the virus? not so much in some areas, a lot in areas. but one thing we all know right now it's the elderly, they are the most at risk. here's part of the mystery. why are children being spared? of course that's not a case they should get it more? but is there something in it in that understanding, that disconnect that could be a clue in figuring out how to fight this? that's what one of the nation's top infectious disease specialists is working on. is there a hope there? next. 5g will change business in america. t-mobile has the first and only, nationwide 5g network. and with it, you can shape the future. we've invested 30 billion dollars and built our new 5g network for businesses like yours. while some 5g signals only go a few blocks,
6:16 pm
t-mobile 5g goes for miles. no other 5g signal goes farther or is more reliable in business. tomorrow is in your hands. partner with t-mobile for business today. you have fast-acting power over pain, so the whole world looks different. the unbeatable strength and speed of advil liqui-gels. what pain?
6:17 pm
there he is. oh, wow. you're doing, uh, you're doing really great with the twirling. dad, if you want to talk, i have a break at 3:00. okay, okay. i'm going. i'm gone. like -- like i wasn't here. [ horn honks ] keep -- keep doing it, buddy. switch to progressive and you can save hundreds. you know, like the sign says.
6:18 pm
switch to progressive and you can save hundreds. a but i hearsearches fa different calling. the call of a schmear of cream cheese. for i, am a schmelier. i practice my craft at philadelphia. here, we use only the freshest milk... that one! go! go! and the finest ingredients... what is this? until perfection is achieved. she's ready. schmears! philadelphia. schmear perfection. a simple, modern way to pay yourself from your portfolio. tell us how much you have, and how long you need it to last. we'll estimate how much you could spend. then you can decide how you'll spend it. schwab manages the complexity with automated,
6:19 pm
tax-smart withdrawals. that you can start, stop or adjust at any time with no penalties. and you pay no advisory fee. schwab intelligent income. schwab. a modern approach to wealth management. one of the big parts we're going to have deal here with the coronavirus is that we're going to hear things and they'll become known, but then you have to start asking questions off of what you know to get to where you need to be. for example, kids have proven remarkably resistant to this particular virus. for example, in china out of more than 80,000 confirmed cases only 2% kids or teens. cases, not even deaths. that number obviously much, much lower. thank god, we say. but too many stop there. go another step. why not kids? is there a clue in that? we found a doctor named frank esper, okay, pediatric
6:20 pm
infectious disease specialist with the cleveland clinic children's hospital, and he's looking at it from the perspective of what it could mean for the rest of us. doctor, thank you so much for taking time out of the work to explain the work and why you're optimistic about it. so it's not affecting kids the way we would have expected. what does that mean to you? >> you know, it's very interesting, and it's not just this particular coronavirus. this actually the sister coronavirus, the original sars also did not kids nearly as much it attacked adults, the same with mers. something about these new coronaviruses are staying away from children and attacking much more the adult population and the older adult population. why that is still not clear, but it is something that, hey, and we're very, very happy, but it does mean the kids are off the hook. they can still get infected and we don't want to roll the dice and find out they can get sick. so we need to protect them just
6:21 pm
as much as we protect the adults. but what it is about the kids that's going to be the biggest clues about this virus that can help us with this outbreak as well as any future outbreaks with coronaviruses. >> so how do you figure out? >> we have several theories what's going on. first is there's something about this virus that the children are more immune to this virus than the adults. could it be because they had previous exposure to other coronaviruses? that doesn't seem to be the case because both kids and adult see a lot of regular coronaviruses every year, but it could be the immune response is so much more vigorous better than older adults. because older adults don't make such more of an antibody response. is it something about their lungs that makes it a better landing zone for this virus? is it something about the fact maybe they're more likely to be smokers or maybe the fact is they've been inhaling pollution for decades that children have not been inhaling and that leads
6:22 pm
it to the virus being able to attach better? is there something about the receptors? is it different, is it change, is the expression different? these are all the major clues going to help us figure this out. >> fig iffier it out how? why isn't the end of the road conclusion here's why people like me are more susceptible than someone like my kid. how does that help you help me from getting it? >> well, let's just say it has something to do with the receptor. if there's a way we can then focus some therapies against to block this receptor or block the virus' ability to attach to the receptor or maybe when we're g figuring out these vaccines, we're figuring out the binding sight where this virus likes to attack because it's attacking this particular part in adults. then we can focus this vaccine effort against those specific protein sequences so we can make a better vaccine. >> people are hearing we're
6:23 pm
closing the schools and they're hearing kids aren't as susceptible to the virus and they're saying why close the schools? >> it's not just the schools. we are closing the schools because everything is on the table. we need to stop the spread ohio, has been at the forefront trying to stop the spread. and we've already decided to go ahead and close our schools today. one of the reasons is not only are we protecting the kids but also we're protecting their teachers, we're protecting the administrative staff. in addition to that maybe the kids aren't getting sick, but if the parents, the adults, the administrative staff and teachers are getting sick there's not enough people in the school to make sure those students are safe. so we definitely have to use school closures as one of many different ways to help prevent the spread of this virus. >> can a kid be a carrier but not get sick and give it to some adult and they get sick? >> one of the reasons we think we haven't recognized as many kids to be infected is because
6:24 pm
they've been so mild they've never shown up to a doctor in order to be tested. and it very well may be they can be carriers. we've seen this in children, they have the virus, they can spread the virus. but a lot of times especially in china when they first went in and looked at what they found in most of the family situations it seemed to be the adults giving the kids the virus and not the adults giving the kids the virus. i would not say any child infected should be isolated just like any adult that's infected, but it's something we have to watch out for and as we try to figure out the spread -- as our capacity to test goes up and up we will be looking at did and the ones who were symptomatic first. >> let me tell you, dr. esper, you're smart as hell. let me know if there's anything we can do here to get information out you think is valuable to the public. >> good to be here. >> look, an interview like that should hopefully bring down the
6:25 pm
fear factor a little bit. look, you got reason to be worried, okay? good reason. so on that score i asked you to send me some of your questions about what you're dealing with day by day, what's giving you the most anxiety, and who do you think would be the best person to arm you with the facts? how about chief dr. sanjay gupta back to answer the questions. next. chief doctor. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere.
6:26 pm
unlike ordinary memory wantsupplements-tter? neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try neuriva for 30 days and see the difference. introducing ore-ida potato pay. where ore-ida golden crinkles are your crispy currency to pay for bites of this... ...with this. when kids won't eat dinner, potato pay them to. ore-ida. win at mealtime. saturpain happens.to. aleve it. aleve is proven stronger and longer on pain than tylenol. when pain happens, aleve it. all day strong. ♪[ siren ] & doug
6:27 pm
give me your hand! i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ [happy ♪irthday music] ♪ don't get mad, put those years to work with e*trade. [ natural drums and [ music begins to build ]] [ drums beat faster ] unlimited coffee for $8.99 a month. panera, your cup is always full.
6:29 pm
here's the good news. a lot of us have the same questions about coronavirus, okay? we stop each other on the street, it's online, and you get mixed messages out of the white house. there's a lot of mish information out there, so let's get you the facts the best we can, all right? we're going to take your questions directly to the chief doctor, sanjay gupta. always good to see you, my friend.
6:30 pm
question number one, how can you tell the difference between flu symptoms and controversy? and if you've had the flu can you still get coronavirus? >> so the first question, it's harder to tell. it's interesting. i went back and looked at the kina data very carefully and early on when they didn't have enough tests, very early on, they were starting to do what's called clinical diagnosis and they started to say things like runny nose, for example, are far less likely to be coronavirus because coronavirus affected the lower respiratory system more. but it's hard to count on that. that's why we need to have these tests. because people can have mild symptoms so the test is the only way to know for sure. >> can you get coronavirus twice? >> this has come up. there's been some reports of this happening. i've asked dr. fauci about this and he said basically once you get infected for a period of time you should be immunized against it. the question we don't know is how long does that immunity
6:31 pm
last? so we're not sure about that. >> if i live with someone coming back from another country coronavirus tested or not, do i quarantine with them? >> you don't need to. this comes up a lot, but people that need to be quarantined are people who have actually been in one of these areas where the virus is known to be circulating, they themselves develop symptoms and obviously they test positive. someone who is partner of that person doesn't necessarily need to quarantine unless the person becomes symptomatic. >> how long does it take to become symptomatic and how long after you have it, god forbid, are you contagious? >> about four days on average to become symptomatic from time of exposure to time of symptoms. and it turns out you can be symptomatic -- i'm sorry yosh you can be able to spread this even for a period of time after your symptoms go away. that first patient in washington state several days after symptoms were gone they were still finding evidence of the virus in swabs. >> you guys use a word
6:32 pm
fomatic -- which is like in animate objects. so you can get this because i cough on you which would probably be the end of our relationship or you pick it up off a surface. how long can it live on my desk? >> it can leave on surfaces for days. several studies that have looked at this, certain surfaces in the right condition it can live for days. >> why copper? >> why does it live so long in copper? >> yeah. >> i don't know if it's the specific type of metal it is, i don't know. but i know that glass or even kinds of metal -- >> copper's the longest. just in the one study. >> let me say really quick. it doesn't mean it's pathogenic the entire time. the likelihood it's going to make you sick, so that does decrease over time --
6:33 pm
>> so wthat's why wash the hand, wash surfaces. be cleaning everything all the time with the harshest cleaners that you can find. another question that wasn't on the list, by the way, and then i'll get to this one. all right, fine. what are the stages for treatment? >> so there's no particular anti-viral right now, right? people think about a vaccine first, and as you've heard and your friend tony fauci he's talked about the fact it takes a year. and by the way that's not a reflection of the fact we have a much more sophisticated medical system than the last pandemic. it just takes time to do those trials. antibiotics are for bacterial infections. this one is a viral infection. we could have some of those results in the next few months. >> i know there's information from italy and other places they're looking into. that'll be part of it. now, the last part of treatment is where people go into the
6:34 pm
hospital and there aren't ventilators and that takes us to capacity which and believe is the new testing, that concern we're not getting it done on testing. my new frustration has transferred to capacity, that you know now you're not going to have enough capacity. >> we started about testing very early and you're absolutely right. i was in new rochelle today, chris, and i was there because it's the largest cluster of patients with the coronavirus in the united states. the hospital there their icu is full. they have 12 icu beds are full. not from coronavirus but from flu. they have 148 sort of isolating in their homes typically and other patients currently being monitored. what happens if these patients start to need icu care. right now they've got several hospitals in the system and they can do what's call diversion to other hospitals. to your point they're going to
6:35 pm
run out of space, run out of equipment, they're going to run out of staff. we know what the projected number of hospital beds, icu beds and ventilators are for even a moderate pandemic, which this seems to be. and i haven't gotten great answers on that, for example we will need about 60,000 ventilators. we'll need about 200,000 icu beds. we have about 100,000 icu beds. we're half short. we're going to have to innovative things i think, but i think to your point we should have been doing this for the last several weeks because we knew this was coming. >> i'm poking around my friends on the military side and they're saying, no -- that's what it's going to take. you're going to needs a national guard extension here -- >> you've got to flatten that curve like we said to slow down the pace. >> and that's why we've got to obey not just this stuff but
6:36 pm
stay away from things ordinarily you do. life is going to be a little less enjoyable maybe but you spend more time with your family, spend more time at home. sanjay, as always you're a gift. so the good doctor is busy these days. his podcast coronavirus fact vs. fiction is a must. it's updated all the time with new information. now he's got got to get ready. we've got a special coronavirus town hall right after this. it doesn't mean we're lost even with the economy, alexis is here. why did i ask her to come in as a special favor? because she understands the markets and she understands how this could impact communities, schools in ways that we're not thinking about it. alexis glik ahead. en. rakuten is easy to use, free to sign up and it's in over 3,000 stores. i buy a lot of makeup.
6:37 pm
shampoo, conditioner. books, food. travel. shoes. stuff for my backyard. anything from clothes to electronics. workout gear. i even recently got cash back on domain hosting. you can buy tires. to me, rakuten is a great way to get cash back on anything you buy. rack it up with rakuten, sign up today to get cash back on everything you buy. and the 2020 census is how that great promise is kept. it informs where billions in funding will be spent on programs that touch us all. shape your future. start here. learn more at 2020census.gov wiwhen i get my teeth cleaned, my hsomething like this. she cleans with something like this. it's got a round head. and it's got power. go pro with oral-b. power one on for oral-b's best clean ever. inspired by dentists. oral-b's round brush head surrounds each tooth to remove more plaque along the gum line. for cleaner teeth and healthier gums. i'll only use the one that's round.
6:38 pm
6:39 pm
who gives you clarity at every step, tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio, and so much more. a reverse mortgage loan isn't some kind of trick to take your home.
6:40 pm
it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. with a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. discover the option that's best for you. call today and find out more. i'm proud to be part of aag, i trust 'em, i think you can too. latest count, 10,000 schools closed or set for closure. now, what does that mean? got a lot of parents watching this show, right? scrambling to readjust to the
6:41 pm
new norm. what are you going to do with your kids and child care? and you know what, for a lot of people in public schools those kids eat in those schools in a way they cannot eat outside of the school. that's why financial expert alexis glick, very important to have you now because you know schools and you know communities and you know underprivileged in a way that far exceeds what you knew at margen stanley and everything you've done with so much brilliance on tv. people say everything's gone from 2017, all the trump boom is gone. and it's only going to get worse, it'll never stop. what is the why now and what are the things to look for going forward? >> well, look, we have exacerbated the downward spiral over the last 42 to 78 hours if we're honest. we've lost $11 trillion in value if you look at the three largest companies. we've wiped out their value for the start of the administration. we've had two training halts this week, the first ervin
6:42 pm
history. and if you look at we're in a bare market. markets now down north of 20%. we have seen such tremendous carnage in the last 3 or 4 weeks. but at the end of the day what we need now is targeted intelligent bipartisan action. there are two forms of action we can pull right now, two levers. there's monetary policy, which is the federal reserve, changing either interest rates or providing money supply, which means liquidity. what have we seen them do so far? an emergency rate cut last week of 50 basis points, half a point. they are meeting next week. the expectation is they'll do at least another half a point, maybe a full point. we are right now between 1 and 1 and a quarter. so if they do a full point at the meeting next week we're almost out of power. money and rates are almost near zero. >> you almost have no more tools to use. >> you have very few tools. okay, so the second thing
6:43 pm
they've done is they've announced today they're pumping $1.5 trillion into the markets, what are called the repo markets and a lot of the government treasuries. why are they doing that? because they're allowing banks to give high level collateral back to the government in return for cash. because a lot of the biggest corporations and specific industries are going to their credit lines and their revolving lines or small businesses because they're in a cash crunch because everything has stopped so suddenly. >> so when he said last night the small business administration has been told to, is that what it's about? >> that's one piece of the equation, but what you really saw in terms of the fed action was to give the banks the access to lusquidiquidity that they ne. they can also help the big institutions right now are drawing down large lines of credit. you see revolvers being down by
6:44 pm
$13 billion i think boeing said the other day. but the second piece of this, chris, is what's called fiscal policy. and that's where you can do something with taxes, that's government spending, and that's to increase demand, and that's our issue right now. so the notion of what we could do on a bipartisan basis, this bill, this is incredibly important. and we've got to act judiciously, and it's got to be targeted. and when i say targeted we've got to be focused on paid sick leave, on small business owners. >> that's before the need hits us and it's too late. >> that's now. that's 60 million people employed in small businesses. >> mcconnell says he'll keep the senate open -- you're always welcome back and i really appreciate you doing this now. we hear closing schools, great, they'll all go home. you say think about two things. one, the things who needed those schools beyond the academics, and we're going to talk about the elderly and the vulnerable.
6:45 pm
remember which populations they belong to most as well, and we have to remember about that. >> i just put up a piece about this. let me explain the way it works with schools. there are 55 million kids in the school system in the united states. 30 million of those kids rely on school lunch programs. they are free or reduced eligible meals. 15 million kids participate in school breakfast. the decision by the u.s. department of agriculture and on a statewide basis and the guidelines by cdc and the school nutrition association could not come at a more critical time. wee in the most unprecedented time we have ever seen in the school environment. and here is why. the issue is that school buildings either have to allow themselves to stay open to provide those meals or they have to file for waivers to change where meals will be delivered. this is a major issue. we have school buses now delivering meals to kids in
6:46 pm
communities. you have 40 million low income folks on snack programs, food stamp programs. so the question is as a part of this bill are we going to increase snack funding to families to make up for the meals they're not getting in the school building? and oh, by the way 20% of civilian workers do not get paid leave. that's 34 million people do not get paid leave. >> they can change that. >> they can change that. so right now the biggest concern about widespread school shutdowns is we've got to feed our kids. so we have to make sure that in the communities we're mobilizing, we're using mobile trucks, using school buses. whether it's churches, whether it's building. but we have to be careful we're not congregating kids, because what we're telling everybody right now -- >> don't get in big groups. >> exactly. >> let's do this. year goug to do what you do already with genyouth, you'll
6:47 pm
track the need, we'll keep talking. i'll chase after power to make sure this is part to fix it. thank you very much. i can't hug you because the doctor says we can't, but the best to you and the family. all right, so, look, we're going to have to figure out how to get through this and a lot of the prevention is going to help us do there, but i've got to tell you we're off on our perspective. we're not taking the information we're getting the right way. and we're not seeing what the solution is even though it's right in front of our faces. that's my argument for you next. your mission:
6:48 pm
stand up to moderate to severe rheumatoid arthritis. and take. it. on with rinvoq. rinvoq a once-daily pill can dramatically improve symptoms... rinvoq helps tame pain, stiffness, swelling. and for some... rinvoq can even significantly reduce ra fatigue. that's rinvoq relief. with ra, your overactive immune system attacks your joints. rinvoq regulates it to help stop the attack.
6:49 pm
rinvoq can lower your ability to fight infections, including tuberculosis. serious infections and blood clots, sometimes fatal, have occurred as have certain cancers, including lymphoma, and tears in the stomach or intestines, and changes in lab results. your doctor should monitor your bloodwork. tell your doctor about any infections and if you are or may become pregnant while taking rinvoq. ready to take on ra? talk to your rheumatologist about rinvoq relief. rinvoq. make it your mission. calf-shredding shoes with special rubber platforms designed to increase vertical jump sure, they look ridiculous but nothing looks more ridiculous than going up for a dunk and coming up two inches short. invest in innovative companies with invesco qqq
6:50 pm
t-mobile has the first and only, nationwide 5g network. and with it, you can shape the future. we've invested 30 billion dollars and built our new 5g network for businesses like yours. while some 5g signals only go a few blocks, t-mobile 5g goes for miles. no other 5g signal goes farther or is more reliable in business. tomorrow is in your hands. partner with t-mobile for business today. there he is. oh, wow. you're doing, uh, you're doing really great with the twirling. dad, if you want to talk, i have a break at 3:00. okay, okay. i'm going. i'm gone. like -- like i wasn't here. [ horn honks ] keep -- keep doing it, buddy. switch to progressive and you can save hundreds.
6:51 pm
you know, like the sign says. all right. hear me out about this. the numbers are going to go up. i don't think that means that it's all about getting worse. and this isn't smant uks. why? because when the numbers go up, you're going to see a lot more goodo good outcomes, outcomes where people are sick but get better. out of more than 1,600 cases
6:52 pm
that we know of so far, 41 people have died. but remember this, out of the 41, 24 died in one elderly facility. this is not about our downfall. it is about how fast we will lift ourselves up. and i'm talking about you, your family, your community. not about what's going to be done for us from on high because you saw trump last night, right? he made marco rubio's water grab look cool headed. he couldn't get the facts right last night. poor marco. exhibit a. listen to the president. >> we will be suspending all travel from europe to the united states. >> false. but u.s. citizens and permanent residents can come back. he didn't make that clear. exhibit b. >> these prohibitions will not only apply to the tremendous amount of trade and cargo but various other things as we get
6:53 pm
approval. >> seems scared what he was saying and he should have been because it was wrong. the restriction stops people, not goods. one more, exhibit c. >> i met with the leaders of health insurance industry who have agreed to waive all copayments for coronavirus treatments. >> look, he's wrong again. health insurance companies said they would waive costs for the tests, not for treatments. look, he didn't know what he was talking about. we know he lies, but more importantly, look, it was clear to him. be honest. he's not up to this challenge. you know who he is and who he is not. but here's the bigger point. this government is so much bigger than him. you're seeing the power and potential of government when it's done right. my question is not about him. the question is who are you? who are we? will you do what is asked of you? will you help others even if it
6:54 pm
means giving up what you want for yourself? will you remember why government matters and stop trashing it out of political convenience while leadership matters? and you can't just have anybody in there in office, why integrity and experience and decency matter? look at what we're being asked to do. keep your distance. limit, fore bear, face fear. everybody's looking at it as ah this stinks for us. i argue the opposite. i think it's going to bring us closer together. this isn't about manufactured us versus them, left versus right, white versus brown. we are all exposed. we are all in it together literally. there's a lot we don't know about this. there are legitimate questions about preparation and overpreparation. but there's obvious truth we have ignored, fuelled by a president who sees anger as an agency for his success as division as a way of keeping power and keeping us apart.
6:55 pm
but now we are painfully aware of our greatest medicine. it is our interconnectedness. can't be touching each other that much right now. but there is an interdependence. what does that mean? i need you to protect my family, my mother, my inlaws, the vulnerable. and you need me to do the same for you. will you hold up your side? i promise you i will do my best. that's my argument. we'll be right back. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ ♪ ♪
6:56 pm
♪ all we need is someone to lean on ♪ and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies that help you keep more of what you earn. and with a new brokerage account, your cash is automatically invested at a great rate that's at least 20 times more than other advisory firms. personalized advice.
6:57 pm
unmatched value. at fidelity, you can have both. ♪ more than this at fidelity, you can have both. i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stop cutting.ls? new elvive dream lengths. with a cocktail of vitamins and fine castor oil. strengthens hair's length and helps seal split ends. to save that last inch, for the hair of your dreams. new elvive dream lengths. from l'oreal. you're worth it.
6:58 pm
it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7 peace of mind... ...that if it's connected, it's protected. even that that pet-camera thingy. [ whines ] can your internet do that? xfinity xfi can because it's...
6:59 pm
7:00 pm
he is also in self-imposed quarantine right now, not showing symptoms. we're going to see more of this. the test is how we respond. if we do what we're being told to do, we'll get better sooner. up next, anderson cooper and dr. sanjay gupta with a cnn global town hall "coronavirus: facts and fears with facebook." hey. welcome to the cnn facebook global town hall being seen around the world on cnn, cnn international, cnn espanol, and facebook.com. >> these next two hours are all about getting you the facts and answering your questions. you can send them to us now. go to cnn's facebook page and leave a comment on the top. post your question. you can go also go to cnn instagram page and leave a question in our story. >> we're going to be taking
207 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=944567626)