this legal battle against dupont. here's portion of his talk. >> when that data came out, i thought, certainly things will move forward. we'll have federal standards now. after all you have more data than you could ever want on any chemical. no. at that point epa sass we have to determine whether this chemical exists anywhere else, whether this is really a federal problem so testing began for the first time in this country, 2013-2014. public water supplies were required to start testing. sure enough it's been found everywhere but still in federal guideline. then a dramatic thing happened in 2016. a "new york times" magazine article came out that summarized the history of this. and it basically went through the history and it pointed out the fact that this testing was occur across the country and this was found in other places. within just a couple months after that, us epa came out with the first didline ever for the chemicals in drinking water. no more than 70 parts per trillion. now, that triggered massive sampling

. ♪ one of those companies is dupont, and on the grounds of the first dupont family home, ia found gleyry. ld movie score playing) it holds one of the world's largescollections of industrial history. >> this is an american city, aty real commuf homes and homemakers like thousands of others across the nation. we call it plasticstown, u.s.a. >> sullivan: i'd come to see what its archive could tell me about the evolution of the >> the table is set with polyethylene products, too. >> sullivan: america's postwar boom preseed endlessis opportunities for ew durable, lightweight material. >> modern-day miraes that were made with the help of peochemicals. >> sullivan: from packaging to clothing to home furnishings... >> very durable. >> sullivan: plastic's wide-ranging applications... >> glassine, pyethylene, mylar... >> sullivan: ...promised a new world through chemistry. >> step into the world of manmade materials that take up where nature left off. >> the thing that made them unique was the ability to do l more with justtle bit of material, to make things that we usedighter and more efficien

that dupont was very interesting.usa upgraded it talking about how they're about to get the money from iff it was a sum of the parts. i tile will yactually liked the. it made sense. steve tusa from jpmorgan does quality work ed breen runs it people are not giving credit for the new iff david morris trust i think, wow, there's some real bargains out there because they'll own more than a half stake in a economy that doesn't have a lot of economic sensitivity. dupont has sensitivity did you see how the stocks reacted friday morning to the news about gilead? a lot of these industrials and a lot of -- let's use disney that was reacting to news perhaps that gilead had something. so this one seems to be, to me, not a dice roll. the dupont is a very interesting call i liked it i thought tusa did a terrific job explaining it. if i were a hedge fund manager i would give it a shot there you are. >> all right guys, let's bring in bob pisani and see what's moving on this monday morning dow down 400 hey, bob >> rough open. 6/1 decl

dupont produces personal protective equipment for medical workers. in february, senator loeffler and her husband began dumping millions of dollars' worth of shares in companies that have since plummeted in value. at the time, loeffler publicly downplayed the risk of a pandemic, tweeting -- "democrats have dangerously and intentionally misled the american people on #coronavirus readiness." another republican senator, intelligence committee chair richard burr of north carolina, faces a senate ethics probe and an fbi investigation after he sold as much as $1.7 million worth of stocks just days before markets began tanking in february. the united nations has indefinitely postponed the cop26 climate summit scheduled for glasgow, scotland, in november over coronavirus fears. the climate action network responded in a statement -- "let us remember this pandemic is taking place against the backdrop of an ecological crisis -- that threatens the one lives of millions of people and will exacerbate the risks we already face. just like a fast-spreading virus, clim

dave: i'm here to talk about dupont. a company about two weeks away from reporting first-quarter results. they gave some preliminary numbers that suggest they beat analyst estimates. that is all about cash as opposed to earnings, given what's happened as a result of the coronavirus. here is thatory they wind up $3 billion in financing for the next year, $1 billion in the form of revolving thatt, and $2 billion would cover the cost of debt maturing in november. talking about the possibility of maybe that piece getting replaced by bond sales down the line, nonetheless, they are putting themselves in a position to basically get through the next year because they have $7.3 billion in cash coming from the sale of their nutrition business to internationa flavors and fragrances. you are talking about a $26 billion deal in total that they expect to complete in the first quarter of next year. you have to be able to get through the next 12 months and have enough cash on hand, and actually, the revolving credit was due to expire in

the head of dupont saying they're using this expedite the shipments and they'll continue to do so to deliver thousands of garments every week until the u.s. government tells them to stop in response to the coronavirus crisis, dupont has delivered more than 9 million garments a month. so far, they continue to ramp up production of not just the suits that you'll see many med sical professionals wearing but also the fabric the fabric used to manufacture these garments we'll see if it's enough it's a move that dupont is taking as they watch other companies that specialize in protective gear face a lot of criticism including 3m and general motors >> two of the other big names in the supply chain debate this week thank you. we'll take one more quick break and start again at the top of the hour squawk in the street is back in just a moment. ever since we've gone mobile on the now platform, something's gotten into the office. i hear you. feels like there's no barriers between departments now. do you think everyone appreciates it? i do. huh... forgot my glasses. serivcenow. the smarter way to

actually we are moving from our dupont circle location to down by national park to a new building and we will be moving into that in the early april but social distancing and teleworking it is happening all over. you can tell it by the lack of traffic and you can tell that we are probably going to have to learn a lot of new ways to communicate with some distance until this virus passes and maybe going forward into the future this will become more a part of american life. >> host: senator smith, go ahead and finish but i didn't mean to interrupt. >> guest: when it comes to, for example, the nab show this was an agonizing decision we made even before there was tremendous insistence by the government that we cancel. we did cancel about one week before it became an avalanche and we did it because of the community that we represent. the nab show exhibitors and our attendees, technology, content providers this is where we all come together once a year and we make investments into business and acknowledge rate progress that has been made and it's a really important piece of american commerce

protective landed in dallas, texas as a result of a partnership between the federal government and dupont. we have 750,000 new protective gowns, very high quality. as industry steps up to help, so our doctors and scientists. 10 drugs are in clinical trials is takinganization action to make new treatments and therapies available without delay. the doctors, the lab technicians, the companies -- i spoke to them yesterday, spoke to them again today that i hope in the near future are going to be very special, very important. our national stockpile is now equipped with nearly 30 million hydroxychloroquine pills. we are distributing them by the millions. you read about the state representative who i very much appreciate, her going public, but she was very much helped by this pill. she saw what i was saying on television. she thought she was in very bad shape. you know her story. she is a highly respected state and i thinkhigan she did a great service, what she has done. she is in terrific shape, she looks fantastic, and she was very generous with her statements. icin andion, the zithrom , they s

protective downs landed in dallas, texas as a result of the partnership led by the federal government, dupont partnership so far. we have 750,000 new protective downs. and these are a high level, really high—quality for some as american industry steps up to help, so our america's doctors and scientists. ten drugs are now in clinical trials. in my menstruation is unprecedented actions —— my administration is taking unprecedented actions to make new therapies and treatment available without delay. the doctors, the lab technicians, the companies, i spoke to them yesterday, i spoke again today, they are coming up with things that are i think, i hope in the very near future going to be very special, very important. our national stockpile is now equipped with nearly 30 million hydroxy chloroquine bills, so we are up to about 30 million. we are disturbing them by the millions. you read about state representative... going public for i think she was very much hoped by this pill. she saw what i was saying on television, she thought she was in very bad shape. i don't wa nt to she was in very bad shape.

protective gallons landed in dallas texas as a result of the partnership led by the federal government dupont and fed ex and that's been a great partnership that's worked very well so we have 600 we have 750000 new protective gallons and these are high level very high quality as american industry steps up to help so our america's doctors and scientists tend drugs are now in clinical trials in my administration is take. in unprecedented actions to make new therapies and treatments available without delay the doctors the lab technicians the companies spoke to him yesterday i spoke again today. they're coming up with things that are i think i hope in the very near future are going to be very very special very important our national stockpile is now equipped with nearly 30000000 hydroxy chloroquine and pills so we're up to about 30000000 we're distributed in that by the millions you read about state representative karen which set who i very much appreciate her going public but she was. i think very very much helped by this pill she saw what i was saying on television she thought she was in very b

on one side, you have dupont up almost 3.5%, suspending its full-year forecast. it does secure about $3 billion of financing. it is a different story when it comes to oil services company halliburton. that stock down by about 5% in premarket. that company winds up slashing spending to brace for sharp demand decline. they are already dealing with furloughs for their workers. conoco cutting their capex. it does not bode well for halliburton. they say they could see further decline as well. coming up, much more of your morning trade, news and analysis on the markets in today's first take. happy monday. this is bloomberg. ♪ alix: time now for bloomberg first take. joining me from our in house team of wall street veterans and insiders, michael mckee, bloomberg international economics and policy correspondent, and damian sassower, bloomberg intelligence chief emerging-market credit strategist. it feels like we are going to have a busy week. i want to get a sense of what is on your radar. what is the most important thing you are reading about this morning? michael: ther

protective gowns landed in dallas, texas as a result of a partnership between the federal government, dupont, and fedex. that has worked very well. we have 750,000 new protective gowns. these are at a high level, very high quality. as american industry steps up to help, so our america's doctors and scientists. 10 drugs are in clinical trial, and my administration is taking unprecedented actions to make new therapies and treatments available without delay. the doctors, the lab technicians, the companies, i spoke to them yesterday, spoke again today. they are coming up with things that i think, i hope in the very near future, are going to be very, very special, very important. our national stockpile is now equipped with nearly 30 million hydroxychloroquine pills. so we are up to about 30 million. we are disturbing them by the millions. you read about state representative karen would step, who i very much appreciate her going public. but i think she was very, very much helped by this pill. she saw what i was saying on television, she thought she was in very bad shape. i do not want to go story

finally friends, professors, alan millet and bobby dupont. proud to call you colleagues. i'd also like to thank the publisher www norton. so tonight we will be hearing about a book that deals with the pacific war. when you analyze the huge library of world war ii books and kind of what i do for a living, the first thing that you notice that the pacific war has not received the amount of attention that the war in europe has and has received far less than it deserves. now, fortunately here at the museum, we've always had the services and the friendship of one of the leading scholars of the pacific theater and that's our dear friend rich frank. rich works on public programs and advisers of any numbers of areas of expertise specifically related to pacific war. he's author of downfall, end of immotherrial japan empire among other works. richard asked me to keep it short but i will try. a list of accomplishments that i think is worth noting. rich is a founding member, one-time convener of presidential counselors and guide and he's a man, favorite, for sure. when rich stands up

meanwhile, they bought a lot of dupont, they manufacture antiviral protective gear.ny of this was happening? we don't know the answer to that. if we do know that on march 10th after almost all these trades were done, she went on twitter to assure constituents that everything was fine. >> the good news is the consumer is strong, the economy is stro strong, jobs are growing. our president has done a fantastic job making sure that we are in the best position to manage through the situation. >> sean: so again, we don't know the truth. but if she knew about these trades and still issue the little psa we showed you, she should leave office. she claims she only learned about the trades after they happen. she denies insider trading, and good. then she should welcome a federal investigation into all of this. it is not the only one who should, because she's not the only lawmaker who cashed out ahead coronavirus. richard burr of course is another, still in the senate, still a committee chairman. so is congresswoman cheri bustos, chair of the democratic congressional campaign co

we acquired the public company dupont favros 2017 aventi in brazil and chile the european colocationly, jim, we think it's important to serve our customers around the world we have a global platform. we have a soup to nuts product offering from small cage cabinet to hyper scale we're the only company that does that and we think that having these offerings around the world is absolutely critical for our customer base. >> so, bill, earlier last night i read through the netflix conference call. netflix actually had to suppress a lot of its business because people were running out of the -- whole countries were running out of bandwidth i've also been focused on people who have been working from home. now, working from home must use a huge part of data center that had never been used before how much more work goes into a data center? how much more business is there because of stay-at-home work >> we've definitely seen an increase in data center demand during this crisis most of us, you said, you and me right now, in fact, we're working from home so the video conferencing, social networkin

i ventured out to the farmer's market this morning in dupont circle where there is serious social distancing in effect. they're only letting a small number of people in at a time. i would say 60% to 70% of the people were wearing masks of some kind as well as all of the vendors. so people are listening. but, you know, governor's cuomo's fact and science approach is a rebuke from what we've seen from the federal government which is inconsistent in messaging. just yesterday, of course, we watched the president give another one of his briefings to the press that veered all over the place. an inconsistent message saying on one hand there will be death, on the other hand saying i want to reopen as soon as possible and implying there could still be sports seasons at a time when other people are suggesting that's not feasible. of course then veering off into attacks on the media, attacks on science, talking about unproven medical treatment. so, you know, it's an inconsistent messaging at the federal level which may make the message from the governors and from local leaders much more important. i th

. ♪ ♪ >>> now to our daily moment of zen, rick dupont's view of grizzly island in solano county.you feel me? love ya'. oop! you look cute. better than you! wherever drama pops off pop my 100% all-white-meat classic or spicy popcorn chicken combo for just $5.99. is so irresistible, you'll wanna eat them anywhere, so don't resist! pop 'em outside, or on the go, or on the way home! pop my 100% all-white-meat classic or spicy popcorn chicken combo for just $5.99. >>> whene goacoof normalcy? there's no date. >> our lockdown must continue but a surge in testing will help. one man certainly knows what the world map to recovery looks li . what he's aout the future. >>> the quiet killer, the first coronavirus deaths in the country were here in the bay area well before we knew it. >> as we go inside the world of 3d to see how one company is meeting the demand of covid-19 test kids. >> napa loosens its pandemic restrictions and the golf course is one of the first places to see the new normal.

protective grounds landed in dallas, texas, as a result of a partnership led by the federal government, dupont, and fedex. that's been a great partnership and it's worked very well. we have 750,000 new protective grounds and these are high-level, very high quality. as american industry steps up to help, so our doctors and scientists. ten drugs are now in clinical trials and my administration is taking unprecedented actions to make new therapies and treatments available without delay. the doctors, the lab technicians, the companies -- i spoke with them yesterday, they are coming up with things i think i hope in the very near future are going to be very, special. very important. our national stockpile is now equipped with nearly 30 million hydroxychloroquine pills. up to about 30 million, we are distributing them by the millions. you read about state representative karen whitsett -- i appreciate her going public. i think she was very much helped by this bill. she saw what i was saying on television, she thought she was in bad shape, i don't want to go further than that but you see her story, you

wallace's father, mike wallace of "60 minutes," chris wallace accomplished peabody, several emmys and a dupont award. there were no daily press conferences over the easter weekend. we do expect one today, pmarcus. if there is new news generated, we'll bring it to you tomorrow morning on "today in the bay." >> we certainly will, thank you, scott. >>> less than 1% of americans have been tested. stanford is conducting a daily survey to pinpoint areas of the country most impacted. the medical director of digital health says that more people need to take that survey. >> i think it would help us understand where there are hotspots way before people actually are sick enough to show up at the hospital. and so really, the key to this is everyone to do what i believe is their civic duty. everybody is asking, how can i help a health care worker. this is how you can help them every day, to allow us to be able to be prepared for where we're going to need to help you and your loved ones. >> that survey only takes a few minutes to complete. find a link to that survey on our website, nbcbayarea.com. >>> a sai

we leave you with photo journalist rick dupont and his view of the nature park and while keeping safee can still go out! -sort of. so while you're discovering new things to do in the box, we'll be here for you... at the drive-thru, on the mobile app, and with delivery. and change the world. here at abbvie, we're inventing medicines of the future to create tomorrows that will be healthier... and that'future we all want to see. abbvie. here. now. while keeping safe and staying in, we can still go out! -sort of. so while you're discovering new things to do in the box, we'll be here for you... at the drive-thru, on the mobile app, and with delivery. >>> next at 5:00, risk and release, the concern about coronavirus in aal me at a county jail, a new effort the release all the inmates and the pushback tonight from law enforcement. >> the sky high need for food, people who thought they'd seen it all haven't seen anything like this before. >> emergency child care for essential workers, the kids who had nowhere to go until now. >> searching for -- why some people are so vulnerable to covid-19.

finally, friends professors alan and bobby dupont from the university of new orleans. welcome to the two of you, dear friends and colleagues, proud to call you colleagues. [applause] i'd also like to thank the publisher ww norton for making this event the official launch for the book under discussion tonight and for covering the travel expenses associated with it. tonight were going to be hearing a book about a book that deals with the pacific war. when you analyze a huge library of world war ii books and what it do for living, the first thing you notice is the pacific war is not receiving method of attention that the work in your past and, in fact, i think it has received far less than it deserves. fortunately, here at the museum we've always had the services and the friendship of one of the leading scholars of the pacific theater, and that is our dear friend richard frank. he isn't employed by the museum but you would know it. he works on all our public programs and advises us on any number of areas of expertise in areas of interest especially related to the pacific

protective grounds landed in dallas texas, as a result of a partnership led by the federal government, dupont and fedex that has been a great partnership. that's worked very well. we have 600, 750,000 new protective gowns. these are high level, high quality. as american industry tens up to help and american scientists. 10 drugs are in clinical trials. my administration is taking unprecedented actions to make new therapies and treatments available without delay. the doctors, the lab technicians, the companies, i spoke to them yesterday, i spoke to them again today, they're coming up with things i think, i hope in very near future will be very special, very important. our national stockpile is now equipped with nearly 30 million hydroxychlorquine pills. so we're up to about 30 million. we're distributing them by the millions. you read about state representative karen whitset i appreciate her going public. she was i think, very, very much helped by this pill. she saw what i was saying on television. she thought she was in very bad shape, won't go further than that you see her story. you know her

protective gowns landed in dallas, texas as a result of a partnership led by the federal government, dupont and fedex. and that's been a great partnership. that's worked very well. we have 750,000 new protective gowns, and these are at a high level, very high quality. as american industry steps up to help, so are america's doctors and scientists. ten drugs are now in clinical trials in my administration is taking unprecedented actions to make new treatments and therapies available without delay. the doctors, the lab technicians, the companies, i spoke to them yesterday. i spoke to them again today. they're coming up with things that i think, i hope in the very near future are going to be very, very special, very important. our national stockpile is now equipped with nearly 30 million hydroxychloroquine pills. so we're up to about 30 million we've distribute. and by the millions, you've read about state representative karen whitsett, who i very much appreciate her going public. she was i think very, very helped by this pill. she saw what i was saying on television. she thought she was in ver

it was a novel called "babbett" which he wrought here in dupont circle in 1922. in this book -- 1922, he has this one little statement in the book. i think he captures why prohibition is going to fail. it is set on a train. this guy is passing out a flask of gin. he makes this statement. i don't know how you fellows feel about prohibition, but the way it strikes me is that it's a mighty beneficial thing for the poor zob who hasn't got any will power. forever us, it's an infringement of personal liberty. everyone says prohibition is for someone else to obey but not me. i'm still going to drink my cocktail. i know my bootlegger. that's that. those catholics, they need to stop drinking. i'm a protestant, i can handle my booze. i'm going to keep drinking. this pure hypocrisy. 1922, so two years into the experiment. he has captured why public sentiment is going to turn against prohibition. we become a nation of hypocrites. and scofflaws. it's our next cocktail, it's one of my all time favorite. i love this cocktail. gif give it a dry. you need real grenadine. mix an e

of companies are telling you they don't have visibility at&t suspending guidance so many others, dupont, et cetera then you have a few that are doing well chipotle well, netflix well. they tell you there are silver lines in this earnings season. on the other side the leading indicator airlines, delta is telling you it's about cash burn it's about how much cash you have can you reduce your cash burn. how much can you raise we're seeing the full range of corporate prospects and i think it's really important to realize that now interestingly when you sum it all up and go to the top, if you look at valuations markets are still relatively optimistic. one argument is looking through to what you said which is forget about this year, let's just look through it and next year hopefully we're back to some level of normalcy. but the other factor, i think that's still playing a large influence is the fed the fed with high yield, just one level above the equity in the capital structure and i think there's a hope in there that we have a stronger fed put. i don't believe it but that's the hope out ther

it goes from the sugar industry andolkswagen to dupont these forever chemicals to the national footballeague, covering up concussions before they acknowledged it's real. it's all about how science is being perverted and doubt is being raised in order to stop the government from protecting the public and to stop litigation to make sure companies that make dangerous products are never seen in court. "the triumph of doubt" is published by oxford university press. host: thanks for joining us today. we will return to the question we started off with this morning about your financial situation since the start of the pandemic. three-quarter -- three categories you can choose from -- we will take those calls and have an interview with a member of the agriculture committee and later on in the program, we will ofr from dr. james hamblin the atlantic with a recent piece of his that looks at those who contract coronavirus and why some get more sick than others. first, virginia governor ralph northam announced that elective surgeries and dental procedures in the commonwealth of virginia can resume.

joe from dupont, washington, good morning.aller: i want to take issue with the comments that family practitioner made about ventilators. the statistics are in the of patients on5% ventilators die. chinese statistics are about 90%. we are trying to avoid putting patients on ventilators. they linger for a long time by using high flow oxygen. that was one issue. i don't know where he is getting those statistics. thing andicizing this making nonspecific comments about trump. the other thing is this reference with the hydroxychloroquine, i don't even know if that works or doesn't work. studiesare some small that say it works, but that has been approved for 50, 60 years, used to treat people with rheumatoid diseases, malaria, etc.. all the trump is saying is why not give it a chance? the call.k you for anthony has this point -- host: npr has again, quoting the president, "one of the toughest weeks ahead of us." is next from jonesboro, georgia, good morning. morning, steve. on the question of president, he has zero credibility. i say