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tv   The Claman Countdown  FOX Business  May 8, 2020 3:00pm-4:00pm EDT

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one else has they've already shifted their consumers for the last two years to online those are the names that will do well. if it's something you can buy on amazon they're done. >> amazon is pretty remarkable in terms of what we've seen in the face of this pandemic gentlemen thank you so much and thank you all there for watching,tgif, liz claman, over to you. >> liz: yeah, how about that? tgif, you know, as you see , we are kicking off this final hour of trade with a friday rally, but it's really quite welcome. wall street has decided to completely ignore the april jobs report, even as it shows the worst employment numbers since world war ii. the coronavirus contagion, the cost of 20, 500,000 employee s and plus look where california looks to reopen more businesses is sparking home at this hour, and how his $54 billion silicon valley-based software company is handling
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california's new reopening rule. and we know the nation's meat supply has taken a terrible blow from covid-19 but what about the fruit industry? berry picking season is upon us, and the president of driscoll's berries is here on how the outbreak changed his farm-to-table supply chain and we have a very special family affair in this hour, gastrointestinal gastrointestinal it gas charlie gasparino and ir joined by the real stars, and the top infectious disease expert and charlie's brother dr. jamesgaspa rino is in the thick of the covid storm and in a very special interview with charlie and me they will both share their knowledge and stories from the frontline and the global battle against the deadly coronavirus and we'll ask which drugs and therapies work and which didn't and when do they think it's safe for all
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of us to return to the workplace with less than an hour to the closing bell on this friday let's start the "claman countdown." >> liz: and speaking of drugs and therapies we have this breaking news the national institute of allergy and infectious diseases just say now it is testing gilead science remdesivir in combination with an eli lilly drug in part of a next phase of a clinical trial and the study will enroll about 1,000 people at more than 100 sites in the u.s. and abroad, and remdesivir of course is one of the treatments being eyed as the cure for covid-19. right now, we do have gilead science is down about half a percent after seeing quite a run -up over the past couple of weeks and eli lilly is moving higher by half a percent. granted we are only eight days
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into may, but spirit airlines report they are seeing an up-tick in demand for the month, compared to april , when we know the bottom fell out of the entire airline industry after the coronavirus virtually shutdown the airlines the comeback is welcome but it is slow, folks. jet blue has slashed its daily number of flights from 1,000 to 100 and today though it's getting a nice move up 9.6%, spirit pulling back today, 1.5%. we have a good news/bad news final hour of trade for disney. tickets for shanghai disneyland, may openings sold out in just minute, even as chinese authorities limited the park's capacity. the bad news? widely-respected media analyst rich greenfield advised clients to sell the stock saying until the world feels comfortable and safe from the virus, disney's earnings are "fundamentally impaired." walt disney though is up 2.6% so we know which side of this the
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investors are focusing on. investors are hailing uber stock in the final hour of trade but the uber eats food delivery business that's really booming as folks order more takeaway from restaurants and while volumes sell in its first quarter, the ceo says it is picking up now from certainly off the bottom and wall street joining an uber pool boosting ratings and price targets, d.a. davidson raising it to a buy, wedbush and guggenheim raise their price targets as well and the stock is raising a roof here up 6% to $32.84. breaking at this hour, california has officially taken its first very cautious steps toward reopening the state. governor gavin newsom has just outlined new parameters and rules for what is now the second phase of its four-step process to to reopen county-by-county but while businesses start their process of bringing employees back how are they tackling this
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brave new world? one of them is vmware, a $54 billion cloud infrastructure software company the stock is jumping 4.8%. we've got the ceo pat gelsinger here in a fox business exclusive , welcome just for our viewers who don't know, with 30,000 plus employees around the globe what's your reaction to california starting the process to reopen? >> hey, thank you, liz. great to be with you again. its been a few months since we've chatted so thank you for letting me join the show today and obviously, we're excited about the steps to reopen california and in fact i was on a call with a bunch of ceo's and the governor just yesterday, and taking cautious steps and i think we, like many of the tech companies, we essentially flipped to work-from -home literally over a weekend and it was that quick for us, ouri-t systems all the investments we made made it easy for us and as such we were
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pretty comfortable this way and we're going to prioritize our employees as we come back to work, but way more important is how we support our customers in helping them get back to work because many of them, boy they have a much harder time than we do so that's where our focus really is focused right now, liz >> liz: yeah, i would imagine, but its got to be an extra stage for you. you've got about 31,000 employee s all around the world first. have you seen quicker returns in different countries where you have employees and second how are your employees, did any of them get sick and what have you heard from them on the ground? >> yeah, you know, we have a small number, less than 100 of our employees were infected or were believed to be infected. and scattered around the world. clearly some areas of the world are coming back more quickly like asia went into it more rapidly. they're coming out of it a bit more rapidly so our china teams
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are being encouraged to come back to work more quickly. some of the states we set may 17 as our return to work date and then could be later, depending on where we are around the world again what we're really focused on is how do we enable our customers and we just had some great example, liz, of leverag ing our technology like vanderbilt university, we helped them build a new medical wing, nebraska medicine, essentially they had no telemedicine and all of a sudden now they are having thousands of people and able to scale those up very quickly, working also one of the return to work things i'm really excited about is we're working with the national health system in the uk and they're building a contact tracing app that vmware is their prime partner to build to help turn the country back on in the uk so that and leveraging our many of the work that we do and work space is helping customers to say how can we bring our people back into the workplace safely.
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>> liz: the contact tracing to me is really important, because you talk to people on the frontlines and i want everybody to watch because we've got charlie gasparino's brother who is a pull monday all o just and runs the icu at brooklyn hospital where all of this is going on and the contact tracing here is very spotty. have you heard from any potential customers whether they are the individual states or the federal government yet? i mean the uk is using you guys why not us? >> yeah, and i'll tell you in the u.s. , as a state-wide, it's clearly not as aligned and a singular policy, some of the privacy concerns where the uk and we've worked very closely with the national health system in the uk, and they have oxford and other top researchers and the privacy epidemiologists that we're working with there, and i tell you i've been very excited to see how they're
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stepping forward and the fact where right now in a public trial in the aisle to about 100,000 citizens there so i believe they are sort of taking the lead worldwide. and we've also learned many of the things that were some of the problems like in singapore and we've applied them to the solution so we're very excited this could be i'll tell you the leading light in the world and we're starting to get some interest from other countries around the world as well as a few states in the u.s. but overall, i'll tell you we think this is the best one in the world and we're really thrilled to be working with the nhs in the uk to help bring it about. >> liz: keep us posted on that i'm very interested in following that contact tracing there. as we ramp up because i know you guys are incredibly busy, our viewers don't know this about you unless they listen to our previous interviews that you've been on but you grew up on a farm. you were not a wealthy child growing up and this is a very difficult time for people.
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you've got to tell me as you yourself have had to cut jobs and freeze 401 (k) matching plans at the company what is that like for you as a manager and when do you think you'll see that freeze thaw? >> yeah, and we've what i've said is one, for any leader in this period of time communicate communicate communicate, just can't be talking enough to your employees. second, be transparent. don't be afraid to say what you don't know because in it often just saying i'm not sure of the uncertainty of this period of time. third, empathy. it is hard. you know, many of the employees that i've zoomed into their homes, their houses look like we work offices. kids and spouses and pets, and lots of empathy but then finally is to be clear-minded about a vision to the future. we've said, you know, we're going to move faster to our future. we're going to embrace this
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crisis like winston churchill said never waste a good crisis and that's exactly what we're doing, we're going faster to the future, create more benefit to the customers, create more separation from our competitors and we're all going to have to tighten our belts a little bit in this per idea of time because like the airlines, 90 plus percent of the business went away like you just announced on jet blue, boy our situation is so much better than there's and we're going to be the best partner to help our customers because we're going to build loyalty, build commitment and we're going to come out of this better than before and when you tell that to your employees and you do it with transparency, empathy and over and over again they say i want to be part of that team, and we're going to go make it better together. >> liz: yes. pat gelsinger of vmware, thank you for sharing your experiences good luck to the team and we'll be following it, pat gelsinger, vmware closing well we are ring ing in about 49 minutes look at the dow jones industrials up
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359 points. really strong rally here today, we are at 24, 236 with the dow, and lockdown stress though come on, you know who you are. boy you've done some stress eating, right? well its given hostess sales a sugar rush in the first quarter the snack cake giant still pulling its forecast citing its supply chain as the biggest concern going forward and the twinkie maker shares currently up 4%. who among you has had a little hostess cupcake? the nations food supply chain has faced unprecedented challenges overall due to the covid-19 pandemic. coming up we've got the top man at strawberry giant driscoll 's on the companies two-touch promise and when i say touch i mean fingers touching, but it's really what's helped keep farms and store shelves stocked while also protecting all of us raspberry and blackberry and strawberry fans at home. the "claman countdown" is coming
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>> liz: we are just getting this breaking news, apple has announced it is set to reopen a small number of its stores across the u.s. , specifically,
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stores in idaho, south carolina, alabama, and alaska. this will start next week, the stock is moving higher by about 2%. along with this announcement, they added guidelines for the reopenings. they include requiring customers to wear masks and undergo temperature checks before entering the stores. there will also be social distancing guidelines that will limit the number of customers that are in the store at any one time which apple says may of course delay walk-in customers. just checking, apple has about 271 stores here in the u.s. , so again, let's stress that just a few of these stores will start to reopen in states that appear not to have too much exposure or at least coming out of the coronavirus storm. coronavirus outbreak has now prompted at least 40 meat plant closures and coronavirus infections tied to meat plants are hitting a startling milestone. the number of cases has
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surpassed 10,000 of these meat plants with at least 45 workers killed by the virus. that, according to a new usa today report. at least 170 plants in 29 states have now been impacted by coronavirus but it is not just meat plants sparking concern, the world's largest supplier of appreciate berries, the top man at driscoll's has been working to keep the links of the chain from splitting and great to have you. we have seen thousands of pounds of vegetables rotting in the field because of broken down supply chains. what has been your experience with your fruit? >> yeah, the initial panic buying everywhere the food supply chain really became quite vulnerable and there was a lot of shortages in terms of being able to handle the capacity to moving all of the food and so you started seeing this wave
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backwards of the supply chain and for a period of time there, we were not able to sell everything that we had. >> liz: you did get creative though. part of your problem was that you wanted to give to food banks because you couldn't get the berries directly to some of the stores but the cost of moving this with truck drivers, et cetera, how did you overcome that first problem? >> yeah, first, we made some large donations on our own but then we reached out to the government and to the usda and we just suggested to them that rather than us leaving a bunch of rare berries out in the field , in the ditch, that if we could come up with a program to buyout the fruits and vegetables and redirect those to the food banks that need them and the first is going to be ordered tonight and we're excited that the government stepped up and the usda did a great job of getting this program up and running in a
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very short period of time. >> liz: okay, so tonight. that's big news for you, i'm sure you have been really really anxious to get that kind of news so much of your business has been with restaurants and larger venues. that business is all shutdown. tell me if you're starting to see any signs of life from the restaurants you used to supply with raspberries and blueberries and blackberries. >> yeah, i think you see a lot of people in the foodservice business that are getting quite creative in terms of what their business model looks like so we have seen part of the business come back. we are probably at about 65% now but we were down to 15% for several weeks and so all of that business had to get shifted into retail grocery which was very very difficult. >> liz: let's talk about one thing when it comes to social distancing that you have an advantage of or you have always said that it is just a two-touch system meaning actual touching. you have workers who are picking
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the fruit, one person, and they put them directly into those little plastic boxes as you can tell on i'm a big fan and i buy your stuff all the time but from there it goes straight to the person whose eating it. what about i guess in the fields though are you able to social distance in that regard? >> yeah, i think we have that advantage in the berry business we primarily pick-and-pack out in the field so you're right the harvester is the only person prior to the consumer that ever touches that berry. in the field there's quite a bit of space and we have spent decades building crews and now we are building the same crews that distance apart so the biggest challenge is a cultural one but i would say just communication communication communication and it's going pretty well, so we do have that advantage that we do not have processing facilities or pack houses so we do have some
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advantages out in the field that makes it a little easier. >> liz: soren b jorh, good luck to you, thanks for opening your window to your world, we appreciate it. closing bell is ringing in 39 minutes we still have a very strong rally right now, as you see the dow is still up 372, on what most would consider a really bad piece of data and that was 20.5 million people have lost their jobs in the month of april. up next live nation has canceled or postponed 65,000 shows during the coronavirus crisis, 2020 was supposed to be its best year ever. find out how long it now says it can go without selling another ticket to its headline act. and oscar winner tom hanks among the first most high profile names to get the coronavirus and boy did he and his wife get it bad. now, he's giving plasma as part of her ucla fielding school of
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public health studies, how this disease really works, the immunity and whose most at risk. we are joined along with charlie gasparino's brother, dr. james g asparino, whose near in new york city on the frontlines coming closer to the disease than anyone knows. the frontline family members of fox business' "claman countdown" coming right back.
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>> liz: all right, just because so many of you are staying at home doesn't mean your car has to. the countdown will remember when we joined waymo in arizona last year for the first-ever live autonomous car ride-along after pausing operations in march due to the coronavirus google's original company self-driving car project says its putting its vehicles back on the road again.
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waymo re-launching its driver less fleet beginning in arizona this coming monday with more cities apparently following coordination with state and local governments. google parent, is independent right now, but let's just look at google right now alphabet trading up 1% to $1,383 per share. and rock stars have not hit the road to tour to jackie deangelis on what that means for live nation. jackie? reporter: well with concerts and large events still suspended live nation warning investors of deeper revenue impacts in the second quarter while revenues on its concert was 25% live nation says it has enough cash to survive a full year without events and live nation president telling the "claman countdown" just a few weeks ago that fan demand for live events is still there are 90% of fans holding on to tickets for rescheduled dates and online
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travel companies, bookings holdings and trip advisor due to the coronavirus impact trip advisor warned it'll have little to no revenue in the second quarter while booking holdings says it has to reduce costs and bolster liquidity immediately and on the flip side royal caribbean says the bookings for 2021 are within normal ranges and shares today up almost 5% but while bookings are on pace, should anybody be getting on a cruise any time soon, that's anybody wouldses question we've got the fox business on the frontlines talking about where the coronavirus hikes really stand, dr. james gasparino, i can't wait to see , coming up, next. there are times when our need to connect really matters.
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>> liz: in one way or another, all of us know someone affected by the deadly pandemic, but did you know that both charlie gasparino and i each have a family member whose not just part of the fight against coronavirus, but who is at the global front line in this battle my sister-in-law, is an epidemiologist at theucla fielding school of public health specializing in emerging infectious diseases including those that cross species from animal-to-human populations and she's just launched a major study of covid transmissions among healthcare workers and charlie's brother dr. james gasparino is the chairman of critical care services at brooklyn hospital, the epicenter of the new york coronavirus storm where he has treated the most sick of the pandemic patients. it is great to have both of you guys, along with charlie gasparino, all right, here is
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how this is going to work. i will ask you questions and charlie will ask annie questions so i'll begin with you jimmy. we have news that you have agreed to allow us to reveal here today after treating so many of the worst cases coming into your hospital, because the most experienced staff take care of the sickest patients and you run the icu, you've got coronavirus. you've come through to the other side but tell us what the worst points of it were like. >> well, liz, first thanks for having me. i've had the flu before. i have had, you know, a lot of other things, but nothing quite like this , so it really was kind of a new experience for me. for me, it was about very profound fatigue, severe headaches, loss of taste, and significant cough and some shortness of breath, but it's very multi facetted because even there are times when you kind of
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get a little bit deleery us and had a few dark moments but overall i'm very thankful that i made a full recovery. i'll have you know that we had several employees at our hospital actually die of this so i'm very grateful that i was and thankful i was able to make this recovery. >> liz: charlie? charlie: oh, yeah i just want to say my brother is being modest. he's downplaying it. it was pretty bad and it's not something you want to wish on anybody. anyway, and thank you for coming on, amazing credentials you have you spent years working i didn't know this , liz bragged about you in the past that you spent years working in the congo, so you've seen it it all and ebola. i'd like to ask you two questions, how does covid compare to ebola and then what worries you most about covid-19 going forward because we are
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coming out of the lockdowns and some people say there's going to be a second bout of this stuff. >> these are all really good questions. so ebola is a very different kind of disease from covid, and in many ways much easier to stop even though it seems much scar ier because it's a hemorrhagic fever and it has these symptoms that we think about with the bleeding and very very acute, acute visual illness, but the truth of it is is ebola is not transmitted by air. it's not transmitted by aerosol, or by droplets. covid is less scary in some sense because it's a respiratory infection, we know what that is, we say oh, it's a little bit like flu or a little bit like this something we can wrap our brains around but the truth of the matter is it's much scarier and much harder to be able to
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contain because its spread by air. ebola you stay away from people that have ebola and you were very unlikely to get it. covid, it's so much harder because you can be within a certain amount of distance and through the air, it can be spread. and i think you had a second question? >> liz: you were right in the middle of it so you got such a viral i guess you call it a viral load but when did you realize as you were treating these people in the early stages , when did you realize that the ppe and the ventilator situation, the masks and the gowns that it would turn into a shortage and has that improved and what did you and your team learn about where this country stands when it comes to preparedness? >> yeah, so all really good questions. there was one particular night some time towards the end of march where patients just kept coming in. it was kind of like a very complicated war, that's the way
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i'd describe it, in that patients were really sick, one after another, all being intubated and i said to myself that might that, you know, this doesn't stop we're going to be overrun, so i was probably for the first time i was really worried. and just as an aside, i went through the 2017-2018 flu season which was the worst flu season in 10 years and our program, and we did all right and we had a lot of sick patients and certainly patients died but it was nothing like this. it was just like one after another after another, all really sick, all presenting exactly the same way. so and then, as a consequence of that as the icu started filling up and then as our basically our hospitals turned into a large icu, and patients on the floor who were also on very high amounts of oxygen then there
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were issues as you're treating so many patients and then you start running into issues with medication shortages and running out of ppe, and it all started to, it was actually escalating and then, there came a point in time in which i was very thankful that it kind of plateau ed in the sense that it wasn't going at the same rate that it was like towards the end of march, and so that's when i just felt a bit more comfortable , but it was really unlike anything i've ever seen before, and been through. we had increased our icu capacity significantly, everyone was intubated, we tried to provide them with as much base of support prior to intubation, they were on all of these treatments being recommended at the time and it was just like many people just rapidly progressed.
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charlie: you're doing some stuff with tom hanks, first of all, you have a study which is fascinating on how to protect frontline people like my brother, 12,000 people have signed up. it caught the attention of tom hanks and his wife rita wilson and they donated some plasma to you to help figure out some sort of treatment here. tell us a little bit about that and then i'd like to switch gears just a bit and if you can just address this with me and maybe jimmy can jump in as well. do any of these treatments that they're throwing out there like hydroxychloroquine, are these working or is this wishful thinking because there's a lot of talk about hydroxychloroquine and some of these other treatments and obviously there's positive results on remdesivir if i'm pronouncing that right, and maybe you can address those questions. >> liz: yeah.
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>> okay, so i'll start with our study. so what we are doing is that we are, our goal is to enroll up to 12,000 people. we just started the study, and this is to be able to understand asymptomatic infection and to understand immunity so if you are immune as if you have antibodies does that mean that you're immune, how long does immunity last, and can you be re infected? and we're also trying to understand the extent of asymptomatic infection in particular in healthcare workers and first responders. this is really important, because our frontline workers, healthcare workers, firemen, paramedics they're all putting themselves in the frontlines here, and they are being exposed we don't understand the extent of asymptomatic infection and if they are asymptomatically infect ed, they can then pass it on to patients, to colleagues or
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home to their families so it's a very important study. tom and rita were very kind. they saw me on a tv show, they contacted me and asked how could they use their blood to be able to help and i let them know there were multiple ways they could do that. we needed to be able to validate what we're using in our study so they donated blood and then they were also able to donate plasma to another study the plasma study that is going on, but all of this is critical work to be able to protect our frontline heros like your brother. charlie: well let's get into the -- >> liz: hold on one second charlie, we've got to take a break. this is so great we'll take a quick commercial break and we will bring jimmy and annie back and we'll ask that question, which drugs and which treatments were best on the sickest patients and which ones did not and yes we'll have about hydroxychloroquine plus, under
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what circumstances should charlie and i feel safe enough to return to work again. we're coming right back don't go away the dow is now up 434 points hitting new highs in the session. here's the thing about managing multiple clouds for your business. when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there's the dell technologies cloud,
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>> liz: when the coronavirus first hit, doctors around the world were trying anything and everything to save patients hit by speaking fevers and this mysterious foam clogging their lungs and we're back now with charlie gasparino and her brother pulmonologist dr. james gasparino and my sister-in-law dr. ann ramoin, and jimmy scientists and doctors everywhere we're throwing everything they had at this virus. as you treated the sickest patients at brooklyn hospital which drug, which treatments
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worked and which did not because think there is been some controversies about some of these names. >> well it's a great question, liz and i would say that currently we have very significant knowledge gaps in virtually all of these medications and so anecdotally it's very difficult to tell which one worked and which one didn't. i would say that for definitive answers we just don't have enough of the right kind of data most of these treatments to answer that question. so but what i would say is that so if we take remdesivir recently there was a preliminary data analysis from a randomized control trial that was sponsored by the national health and perhaps there's a signal toward improved survival although that outcome didn't meet statistical significance in that study so we'll wait for those final
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results but for the bulk of the other treatment, there really we don't have enough of the right kind of data to give definitive answers to your question. now again anecdotally we tried everything on everyone. some people did well. some people did not. it's really difficult to discern why some people did well and others didn't at this point. i think as we get more data and we do really well-designed studies we'll be able to answer that question in a better way. >> can i just add one thing? i think the greatest impact that we've had on this disease was non-pharmacologic intervention and that was social distancing, because what really had the reduction hospitalizations and icu admissions and so forth
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was probably that more than the treatments that were given that the medical treatments that were given because we just don't have enough information about them. charlie: well you know if you're on the internet or twitter like i am often, you would think hydroxychloroquine was the miracle drug that was saving lives, not the not social distancing so let me ask you this ,annie. i guess you kind of concur with james that these drugs are un tested and statistically, it's very difficult to tell if they are helping and that social distancing is going to be probably the way we go forward. you were one of the early people who thought cruise ships were petri dishes you were saying that early on and they could spread. let's extrapolate that. how are we going to return back to work? if social distancing is the best way to handle this and hydroxychloroquine is not the silver bullet that a lot of people think it is, how are we going to live our lives going
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forward? >> charlie, it's a question that everybody is asking right now and the truth of the matter is we don't have enough testing in place, so we don't really know where we are and it's very difficult for people even now to have access to tests. we still do not have good therapeutics in place to be able to really reduce the morbidity and mortality of this disease and we don't have a vaccine and we're not that close so the social distancing just like your brother said, is really our best bet. that alone with wearing masks, hand hygiene, and just doing everything we can to stay home and we don't need to be out. that's really the bottom line is that question of the hammer which is the social distancing measures versus the dance of how do we open back up. what do we do? charlie: hard to argue with that
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>> liz: my sister-in-law and dr. james gasparino, yes, his is just spelled a different way just don't even ask. we thank you. you are our heros and one day, jimmy i'm going to find out if charlie was there back in the day. we'll be right back for market session highs.
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>> liz: just under four minutes before we hear the closing bell ring, a nice triple digit move for the nasdac up 140 points markets near session highs the dow hitting 474 points to the upside just minutes ago we're at 454 right now. look at for the week. this is a beautiful picture if you are a bull we have green on the screen for the week with the dow, the s&p and the nasdac all posting decent gains, especially the nasdac up 5.9% for the week. jackie i look at this and i say well who are the biggest winners but also what losers?
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>> jackie: it's pretty remarkable i'll walk you through the dow leaders apple obviously hitting it out of the park in terms of its work on contact tracing also saying they are going to reopen some of its stores starting next week, home depot people are staying home, they want to improve their homes and chevron riding on that price of oil to the downside, merck, mcdonald's, and then the nasdac because of that 6% move higher for the week, tesla is the big winner there elon musk not messing things up but gilead giving a little back after excitement about a coronavirus treatment. >> liz: indeed, i'm glad you just mentioned tesla, jackie because did you hear elon musk went back on that podcast by joe rogan? oh, yes he did. he reveal revealed on the podcast he appeared on his feelings and thoughts about fellow billionaire warren
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buffett. >> it takes warren buffett for example, and to be totally frank i'm not his biggest fan. >> liz: not his biggest fan, okay, well he may not like him for whatever reason because warren has an investment in a competing electric vehicle company today's countdown closer says he thinks you can profit by closely watching both we bring in tim courtney of essential wets advisor, tim you are a believer in tesla. why? >> yeah, well, you know it had that surprising profit earlier this year, that i think took the market by surprise, and it has been improving its financials and they are going to be selling millions of cars over the next several years and one thing about tesla is all those cars are going to need batteries. they need energy storage and we think over time, as much money as they are going to make from the cars they are probably
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making more money off their battery storage business so they have multiple ways to make money and great demand and are very sought after, great demand and customer loyalty with that firm. >> liz: well a weekend ago, last weekend, warren buffett says he doesn't like any prices so he stepped away from picking up stock, he bought a tiny bit but tell me why you're also listen ing to warren buffett? >> yeah, you know, i think he touched on a point that i think both one area of agreement i think that they had both buffet and musk, musk was complaining i think about the value of his company assuming that we can't get things up and running again, but i think that's the same point that buffet was trying to make. when he's not finding values or finding opportunities out there , it's because we still don't quite know what we're stepping into over the next couple of months. we've got this first round this first goal done of flatten
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ing the curve, but there's been almost no kind of guidance or timeline. [bell ringing] >> liz: tim courtney thank you very much. markets wrap up the week on a high note even as we see major job losses for the month of april. that'll do it for the "claman countdown", see see you monday. >> melissa looking ahead to the recovery the major averages closing up more than 1% today and ending positive for the week , snapping a two- week losing streak welcome to after the bell i'm melissa francis. connell: and i'm connell mcshane , we're back on long island as we continue our focus on small business and on jobs, today reporting to you from the downtown cafe, which is a restaurant as you can probably tell behind me that is closed but they have a pizza place next door that is open

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