ratheon technologies ceo greg hayes joining us >> thank you, gentlemen. have a great day be safe. >> you too you too. carl, we have an s&p that has turned negative -- well, is negative but not bad at all after yesterday's fairly strong performance that increased to the upside as the day went along. >> yeah. we'll talk about oil in a minute, guys, but just to recap, greg's candor there, jim, hearing him talk about this is a two-year issue fits with what cbo said yesterday, 9% unemployment at year-end, 2021 morgan stanley today saying they don't see a return to economic activity to pre-virus levels until year end 2021. if you match that with the timeline of the potential vaccine, you're looking at a long 18 months >> it's too long it's not right it's too long. we have to do more we have to unite we have to solve this thing. we have to get the science guys more involved. we have to start hearing about how these different anti-virals are doing. we have to get the fda, which has been lax, get it so -- 18 months is too long for this country. we'll not be the sa

raytheonur thanks to technologies ceo greg hayes. president trump says he has a problem with 3m.will talk with the ceo mike roman about what went wrong, in a relationship we thought was working. this is "balance of power" on bloomberg television and radio. ♪ taylor: this is "balance of power" on bloomberg television and radio. come alongsides michael mckee. earlier we were talking about the jobs report. you were also covering the fed. walk us through the programs the fed has started, the liquidity, and then i want to get to that main street lending facility, which we are still waiting on. in tothe fed has stepped keep the system going, lending to companies and dealers through various facilities for commercial paper, which is only just getting started. we have not seen spreads come down there as much, but also by corporate bonds for the first time, which is raising questions about what happens to the other lending programs that that is working on with the treasury department. there is a law that says the fed cannot lose money, so their programs are to buy bonds that are investment

i would say is holding up within industrial right now is actually defense and that's something greg hayes, the now ceo of raytheon technologies, which officially merged today and it was also on cnbc, talked about as well, that the military contracts are holding up as other areas like aerospace are cratering. we're going to take a quick the jocial break as you can see all mar averages are lower. stay with us ptions trading, and, ptions trading, and, it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritr

curious to see how otis and carrier do greg hayes was straight talking. sometimes there's so much coming at us we don't focus when he said two years -- you remember that? >> yes >> two years to get back to normal that was a moment there. we moved on quickly past it, but it is worth noting that that was a long time. a long time before he sees getting back to again a sense of normalcy in terms of his business is what he was talking about. >> i think, carl, one thing that's been so hard is to try to figure out, okay, when am i going to go back to work when am i going to go back to school it keeps coming back to testing. so i keep going to abbott labs, which is doing its best as 50,000 -- they got the test kits out on thursday. until we get into a situation where i know whether you have it you know whether i have it, and we're all willing to wear a mask, i don't want to go to a restaurant with you. and that's no good we have to feel that it is not taking our life into our hands when we go into a store. and the normalcy will come back when we have antivirals.

how the "washington post" reporter greg miller who cowrote the story explains the significance of the covid-19 warnings in the president's daily brief to chris hayes earlier tonight. >> this is where the u.s. intelligence analysts put their most important information. i mean so much, a remarkable amount of energy and people go into preparing this single report each and every day and not many get it. main customer is president of the united states. he didn't read the pdb, unlike his predecessors, doesn't sit down to digest this product, doesn't read it, doesn't skim it. >> so the president's daily brief may be the best proof of the president's daily failure to confront the threat to american lives posed in january and february. rerun of sorts of another republican president's failure to mobilize in response to another deadly warning in the presidential daily brief. it told president bush that osama bin laden was determined to strike in the u.s., close quote. not first time that president failed to respond to looming threat that the president was warned about. but this is the first time that a president has become a threat himself, first time presid

nbc's chris hayes promoting a conspiracy theory that the trump administration inflated the death toll projections of the president could take a "victory laclap." gregys feel so strongly about the media and i wanted to ask you, is there anything that you think the mainstream media will have an appropriate perspective on? >> greg: i think, i completely understand the poetical politics. it's a team sport thing, and like some viruses it's incurable. the only thing that bothers me is the media so clearly on one side, i'd like to change that but it's never going to happen. acosta asking whether trump had investments in hydroxy, as if trump would risk his reelection, his legacy for a couple hundred dollars in stock, it's just. even more is, it's not even a cost original. he stole that from that don't we do well, morning joe. i think we should to contact tracing on really dumb ideas in the media. identifying someone who's been near someone infected with the dumb idea and then try to trace it back. it starts with msnbc, then moves to cnn and goes back to nbc. if we could stop it we could prevent more infections. one last point. if this pandemic is far less

how "the washington post" reported greg miller who co-wrote that story explains the significance of the covid-19 warnings in the presidents' daily brief to chris hayes earlier tonight. >> this is where the u.s. intelligence analysts putinform. so much a remarkable amount of energy and people go into preparing this single report each and ever day and not very many people get it. obviously, it's main customer is the president of the united states. he doesn't read the pdb unlike his predecessors. he does not sit down each day to digest this. he doesn't read it, doesn't skim it. >> so the presidents' daily brief may turn out to be the best proof of the presidents' daily failure to confront the threat to american lives posed by the spreading coronavirus in january and february and this is a rerun of another republican president's failure to mobilize after receive inging a daily wa, deadly warning in the daily brief that was a month before 9/11. the presidential daily brief told president bush that osama bin laden was quote determined to strike in the u.s. end quote. and so this is not the first time a president has failed to defend the united states agai