reimplement restrictions should the number of new cases rise above 50 per 100000 citizens in a specific berra said these do come with strings attacked attached and there are of course expectations on all of the of the people here in germany to follow the social distancing rules ok so clearly the crown of iris is a moving target and all this could change quickly tell us kate we've got some states like varia here pushing ahead live lock down decisions before they're announced on the national level this is a case of german states asserting their independence not being berlin sort of speak . not necessarily snow being berlin but of course this is a federal system and each of germany's 16 federal states has the right at the end of the day to make its own decisions and of course some of that responsibility it seems is going to be officially pushed on to them today after these talks or rather during the talks between angela merkel and the 16 state premiers but there is also i think i feel like a little bit of a competition between the state premiers at the moment which of course is very dangerous co

is so weird for me to get up every morning and feel like it's deja vu all over again and the yogi berrahomage to yogi berra, the uncanny similarities to the research i did on not boston and not philadelphia as they were trying to figure out what to do. so basically, like i said before, the playbook now is the same playbook that they were using during the great influenza. and how well did it work? how did they go about trying to get people to cooperate with all these techniques? so here is where we get to the subject of our class. because, in fact, i use the term propaganda here, we might want to call it public information, public education, doesn't sound quite so bad as propaganda. but essential part of playbook in world war i was to try to get propaganda out there to tell people what they needed to do. and the techniques that were used by public health experts were taken from other forms of mess enging at the time period. so i'm going to show you some of the messages and ask you to look at it through the eyes and the analysis of this class at looking at different forms of advertising a

yogi berra said, in theory, there is no difference between theory and practice.there is. the rating agencies and willtment banks, 25% or so default. that is a lot to buy. in april, i believe there were 19 defaults or bankruptcies, and i believe that is the greatest in history. and we are just getting going. defaults occur when we are just getting cash. thefirst full month of crisis, the crisis has months more to run. as i mentioned before, there are large, highly leveraged companies, investment vehicles, that the rescue program is not likely to reach and take care of. mind to think we do not have fallout, and typically we have been able to profit from that fallout. >> so, oaktree will likely become a more aggressive buyer in the months ahead? >> absolutely. like they say in football games, they take -- we take what they give us. the greater the dislocation, usually, the greater the bargains. we think there is a substantial opportunity ahead. romaine: we were just listening to howard marks, cofounder and cochairman of oaktree capital. he has seen it all, all the w

yogi berra said there is no difference between theory and practice.alk about the future in a serious way. i mentioned the rating agencies believe, investment banks believe 25% of the high-yield bonds outstanding will default. that is roughly $400 billion. that is a lot to buy. 19 thel, i believe, faults or bankruptcies, and i believe that is the greatest in history. and we are just getting going. bankruptcies largely occur when companies run out of cash. that 19 occurred in the first full month of the crisis, and the prices have months more to run, that means there will be more defaults and bankruptcies. and i mentioned before, many highly leveraged companies and investment vehicles that the government and the fed rescue program is not likely to reach. we believe there will be plenty. mind to think that we are going to have a crisis the magnitude of this one fallout.ave typically, we have been able to profit from the fallout. that whileat to say oaktree was buying aggressively now, and itss so may again become an aggressive buyer in the months ahead?

and everyone said yogi berra and all of the players on the team said he's going to be the next to demaggio. the next babe ruth, the next lou gehrig's. everyone expected him to perform immediately like garrick, dimaggio, bruce. they were great, but mickey would show signs of brilliance, greatness, but he would get injured, he would not hit in the clutch. fans by 55 they were bullying him, he was solitary, mad, uncommunicative. in 1956 then he has a breakout season where he wins the triple crown and becomes the mickey mantle of legend. >> and that is where you end the book. >> to the extent, i think what i've done with biographies is more group biography. the recent to do biography is to pull interesting people out when they are interesting. there are times when jim and tammy are the most interesting people in the room but other times when they are not. the one advantage of biography is that it allows you to -- to weave a narrative that's interesting. but it's not just to tell the story of someone's life, it's to make larger points, if you will. to draw out a story that transcends them, even

and yogi berra said if people don't want to go to the ballpark, how are you going to stop them? if people aren't feeling safe going out, they are not going to go to dine any and shop and do other things. that's why it's so important that to get our economy back soon, we start safe. >> chris: you say start safe. as we just said, 48 states have reopened to some degree, some businesses, some parks and beaches, do you think we are moving too soon to reopen? >> out-of-doors is great. and there was a very low risk of spread out-of-doors so by all means, go out, take a walk, bicycle, enjoy nature. is good for you and good for your health and they were some businesses that are essential in some that can start with minimal risk. there were other things that are going to be harder to do without a lot of safety measures. so we are going to see not shaking hands for a while, going to be using hand sanitizer a lot, going to see face masks where it is spreading widely where you're within 6 feet of someone especially if you were indoors, there are things that we can do so that we can start thi

craig, yogi berra said, if people don't want to come to the ball park, how are you going to stop themgoing out to eat, to dine, go to a theater, they're not going to go. the only way to get our economy back is to control the virus. we're all in that together. i thought what the governor was saying about masks, exactly right. we've learned more about masks, if you're within six feet, indoors and especially if the risk level is high. in our risk-level approach, we would give guidance for when you really need to wear a mask and what you need to do depending on your level of risk as well. >> dr. frieden, last question here. the governor just mentioned this as well. one of the biggest questions about the virus was whether you could get it through touching surfaces, things like groceries, packages, door knobs even. the cdc just quietly changed its wording, and now they claim that the virus does not easily spread that way. should that change people's behavior? should we stop wiping down everything with clorox? >> i haven't seen the data the cdc used to make that change. but this virus spread

11 and he is leading in a lot of the swing states, so for the moment, it's quite early, but as yogi berrato say, it is getting late early here. >> sandra: i will finish up with the handling of the economy and the coronavirus because this was a good question, who do you trust to do a better job on that on the economy? trumps 45% up three points to joe biden on coronavirus, they would expect joe biden to handle that 36-37 for trout. final thoughts to you. >> he does not plan to shut down the economy this is the priority in terms of handling the pandemic. i have a feeling in for a five months closer to the election of things go well with the economy, that number won't matter so much and people will be focused on the economy especially in swing states or the these numbers going to matter the most. >> sandra: a great discussion. thank you for being here this morning. great to see both of you. >> ed: a mississippi church going up in flames. >> it's hard to wrap your head around the idea that someone may have orchestrated this or done this. >> ed: why police do you think this fire was deliberate

yogi berra said if people don't want to come to the ballpark, how are you going to stop them? if people don't feel safe going out, you're not going to be able to reopen the environment. and this risk level approach empowers people to know what they and what the vulnerable people and their families and communities can do to stay safe and to help other people be safe. people be safe. >> all right, tom, we thank you for joining us. it's always helpful to have you here. thank you, sir. tony. >>> all right, gayle, thank you. thousands of workers at a ford assembly plant in chicago had to go home early yesterday after a worker tested positive for the krien coronavirus. work did resume later last nit,an indication of some of the challenges that companies face as they reopen. manual is in miami, another place with businesses, he opening today. good morning. what's the approach there? >> reporter: tony, good morning. miami dade and nearby broward county account for nearly half of all the cases in florida. that's why miami's mayor told us that in his view, the city is taking it slowly a