gerard cassidy of rbc capital markets. coming up, we take a look at how the stock driven rally is being fueled by vaccine hype. we talk about the vaccine business next. this is bloomberg. ♪ ♪ live from new york, i am alix steel. european close. the outperformance of europe as we head into the close. the u.s. off the highs of the session, the nasdaq the under performer. this conversation and rotation of money flow into europe will sustain itself as we get towards friday and european leaders will need to talk about the european recovery fund. what does not materialize, is the downside risk to the market? guy: there is some, but i think there is a less pressing need to get this deal done now. it is unlike what is happening in the united states where the money runs out in short order. this is money that is going to go out the door next year, so if we don't get it done next week -- this week we can get it done next week or the week after. if there are signs of progress i think the train stays on the tracks. if things fall apart

gerard darmanin remains foreign minister. he keeps his job as well as the defense minister. changes. nowinterior minister is gerard darmanin, very young, very close to macron, and a sensitive position where you have protests against police. pompili,have barbara the environmental job, it that is an important position as macron wants to make the recovery green. nejra: given that the cabinet has been more tweaked then massively reshuffled, what do we expect the focus to be now? is it all going to be about recovery? reform?ut >> hospital salaries are still considered too low in france. they have been considered vital for the nation during the crisis. macron has also talked about making some adjustments to the pension reform. they have said this is not the time, we need to focus on the economy. of course, that is the big thing this new government will have on its plate. we build the french economy, make this recovery stronger. that is one of the reasons the , especiallynister at a time that french gdp is expected to contract at 7%. the jobless rate could also increase below 11%.

. >> thank you, admiral gerard. as we said, the focus today son sa is on safely reopening our schools. we discussed yesterday at the white house summit from very early in this process, the centers for disease control has been issues guidance for schools and for child care services, and in early march. march the 12th, to be specific, and when we first published the 15 days to slow the spread and encouraged people to engage in schooling from home wherever possible from that point forward, cdc has published decision trees about how schools can begin to develop reopening plans, and just last week published new guidance for k-12 schools. next week as dr. redfield can elaborate, in a few moment, issuing five new documents that will range from preparing communities to return to school safely, to decision-making tools for parents and caregivers, and to create symptom screening considerations as children and teachers are returning to school. but as we made clear yesterday, we'll make clear again today. none of the cdc's reco

. >> that's wells fargo's john shre shrewsbu shrewsbury let's bring in gerard cassidy. great to have you back >> thank you. >> the stocks didn't do so well. citi's and jp morgan's results looked fine on the surface i'm wondering what you think was behind the underperformance. >> i think one of the drivers behind today's numbers was the fantastic capital markets numbers that jp put up and many citi groups did as well. as we all know, the capital market numbers can be volatile so we cannot forecast out an elevated level of capital markets in fourth quarters compared to the second quarters. when investors look a look at the core commercial banking numbers, which were mediocre to okay, they realized that the capital markets were generally softer in the summer time and in the holiday season it's closer to the fourth quarter. that was maybe weighing on investors' minds capital markets have nonsustainable at these levels. >> in terms of what else you th will be an issue, especially as the banks put aside more money for potentially bad loans than have been expected on the stree

joining us now, top ranked banking analyst gerard cassidy, head of u.s.ty strategy for rbc. good to see you. let's make it clear to our investment audience here, the actual picture 30,000 feet before we get into individual names, how are the banks going to do? >> i think what you are going to see is a tale of two cities tomorrow. the diversified banks with the large capital market businesses are going to post very strong results within capital markets. however, the commercial banking businesses of these same banks will put up very very large loan loss provisions. we anticipate that the second quarter, the industry is going to put up significant loan loss provisions equal to or exceeding the first quarter which were very very high, because of the economic impact that covid-19 has had on the u.s. economy. so credit will be on everybody's mind but tomorrow, because it's the largest banks, we will see strong numbers from capital markets and the second area is residential mortgage lending, another strong area this quarter. liz: yeah. you know, wells fargo is o

innkeeper filed on her behalf was tossed which gave zabulon board the freedom to sell her to slave owner gerard brandon in mississippi a man who was determined to keep wood and hundreds of other slaves in bondage well after the civil war after more than a dozen years of re captivity would now a mother earn her freedom again in 866 and eventually return to the north and with the help of a lawyer whose family hired wood as a domestic worker she sued said people in ward $870.00 for $20000.00 in reparations and a case that historian w. caleb mcdaniel noted would drag on for 8 years due to a number of obstacles. those obstacles that daniel told the sony magazine or that the words lawyer stalled claiming that her failed ante bellum suit for freedom proved his innocence they also said that war is a legit crimes had occurred too far in the past a recurring argument against reparations and similar award i recall another kentucky man who looks and sounds like he just bombed an audition for the colonel in a k.f.c. ad making that exact same argument about reparations 150 years later yet despite the odds an

i want to bring in some for you to community right off the bat here looking at a comment from gerard bracks think this as for the next 100 years i would imagine oil is the blood of our nation we've run on it into we invent something else we need it and we did an economic base donna maybe you can talk about that do do we need oil and i'm also curious to hear from you about the atlantic pipeline it was a little bit of a different victory there didn't come from a court heard judge wright. right actually with the atlantic coast pipeline companies duke energy s and dominion. decided to cancel the pipeline. and one of the things that we celebrated was the fact that it was it was done in this way we didn't have to go through the expensive and legal legal battles that joy just described we actually. in many wine is here on the east of. the efforts to run pipelines then to have other toxic waste released into our waters. sometimes we feel like it's invisible and so part of our work was to make the visit the invisible visible by bringing attention to what was happening in terms of the. childre

minister has visited the site where top military commander concepts were mommy was killed in iraq gerard zarif is in baghdad for talks with senior iraqi officials syria is holding its 3rd parliamentary election since the uprising against president bashar assad began 9 years ago voting will be held in some form opposition strongholds for the 1st time in years european countries are threatening sanctions against foreign governments interfering in the conflict in libya and a joint statement the leaders of france germany and italy called what they call urged rather what they call foreign act is to respect the un's arms embargo several countries are backing opposing sides in the via turkey supports a un recognized government in tripoli or the u.a.e. egypt and russia. are. also in floods of forced more than 1000000 people from their homes in northeast india red alerts remain in place across are some states and rescue teams have dispatched hundreds of boats health officials say at least 72 people have been killed over the flooding is seasonal emergency services have been put under greater press

in italy a province about asylum or which was the main entry point for a channel to civilians in gerard mary and i 3 and has been shut down after russian pressure for many civilians this could have catastrophic consequences in the end that had happened in israel prevents humanitarian aid reaching us that's all we have to live on and we have to fight for us without us things will never work we'll die of hunger and the. provisions the families here get a basically enough for a week or 10 days is not enough if the regime or russia wants to cut this aid and close these borders will have a humanitarian crisis and people will try and head to the borders humanitarian aid agencies worry that reducing the number of crossing points will further choke off vital a for years the u.n. ran its humanitarian operations through 4 crossing points 2 in turkey one in iraq and one in jordan. the international organization warns stop being cross border aid deliveries will cause suffering and death. now this is happening at a time when the humanitarian crisis in the country has actually got worse we had almost

you know gerard emirates has launched its 1st space mission. to. the emirates mars mission took off from japan's. space center it's expected to reach the orbit of mars in february next year project is promising to provide a complete view of the martian atmosphere during different seasons. it east coast guard is working to free a sperm whale tangled in a fishing net off the only an island divers say the whale is distressed which is making it difficult to cut away the netting they were called to help on saturday after the mammal was seen struggling off italy's west coast and other sperm wells caught up in a similar situation 3 weeks ago. this is all just there and these are the top stories the u.k. has signed deals for 90000000 doses of 2 potential vaccines think food the bio intake fits the vaccine and one from the french company believe it's also signed a deal from the new doses of an antibody treatment a report on the early stage of a human clinical trial is expected on monday from oxford paul brennan explains that the bio and take vaccine has alr

minister has visited the site where top military commander concepts are mommy was killed in iraq gerard zarif is in baghdad for talks with senior iraqi officials syria is holding its 3rd parliamentary election since the uprising against president bashar assad began 9 years ago voting will be held in some form opposition strongholds for the 1st time in years. european countries are threatening sanctions against foreign governments interfering in the conflict in libya in a joint statement the leaders of france germany and italy called what they call urged rather what they call foreign act is to respect the un's arms embargo several countries are backing opposing sides in the via turkey supports a un recognized government in tripoli or the u.a.e. egypt and russia. are. in floods of forced more than 1000000 people from their homes in northeast india red alerts remain in place across our some stage and rescue teams have dispatched hundreds of boats health officials say at least 72 people have been killed over the flooding is seasonal emergency services have been put under greater pressure by

syrians in italy a province that asylum or which was the main entry point for a channel to civilians in gerard. and i 3 and has been shut down after russian pressure for many civilians this could have catastrophic consequences one i think us. we're facing a shortage of aid to food and clothes the important thing is bread people can't afford to buy it from outside we need basics like we said sugar and cooking oil and it has. the situation is very bad we don't get enough aid but people depend on it to survive in the camp if even less comes they will face huge hardship with 2 crossing points we're barely surviving will be under even more pressure if it's reduced to one humanitarian aid agencies worry that reducing the number of crossing points will further choke off vital. for years the un ran its humanitarian operations through 4 crossing points 2 in turkey one in iraq and one in jordan. the international organization warns stop being cross border a delivery will cause suffering and death now this is happening at a time when the humanitarian crisis in the country has actually got worse we had al

tom: gerard cassidy of rbc capital markets saying this is ,- he was quite forceful particularly lookingast two and three quarters. adams is bloomberg intelligence chief equity strategist. what she's really in charge of his courage. more than anyone i know, she's never gone to cash. she's always participating in the market and that has been a good outcome for her. can you havedams, confidence to be in the financial sector and the too big to fail banks specifically? >> i think it largely depends on your outlook for revenue growth. these are extremely discounted stocks at large. the sector has been trading at an incredible discount for most of this year even though they bounced back significantly from march to early june. this is still trading below five year average. you have a discount available to you. it's a question of where do you think things are going to head. it's got to get better revenue growth. everybody focuses on the yield curve, but the reality is when you look at the factors driving financials, it's the lack of revenue growth that has been incredibly important. tom: i went

states across the country, we are hearing from white house coronavirus testing czar admiral brett gerard saying today we are in a much better place than we in in regard both to ppe and testing. are you as confident? >> well, we certainly are in a better place with testing. you know, we -- we've, and i think our biggest day tested maybe 700,000 people in a single day. that's a lot. it's probably still not enough. we're better at testing. the problem now, in many places there's a huge lag in the return of test results. you wonder about how beneficial a test result is if it takes more than a week to come back? that's the lag in some places. we need to do better than that. as for ppe, many of us have really wondered about what the reserves are. n95 masks are still not easy to cull by. everyone i know continues to re-use n95 masks and ominously this week you heard the vice president of the united states suggest that health care providers start to re-use ppe. how is that possible six months into this pandemic that we haven't, you know, rebuilt a huge stockpile of ppe? to have the vice presiden

admiral brett gerard said this week repeat coronavirus tests just aren't necessary. he says if it has been ten days since the onset of your systems and three days asymptomatic you are no longer contagious and you don't need to be retested. do you agree? >> yes, i do agree. i think the cdc is making those recommendations and i think the infectious disease community is coming around to that. so that's a little bit of pressure that we can take off the testing circumstances, which are still not extensive enough. and it reduces some of the confusion. because after ten days, there is ten jal consensus now, you are no longer infectious. if you happen to get a test after that time and you are positive, that's just detect fragments of the virus. the virus is no longer infectious. you are not contagious to anyone else after that time. >> dr. wallenski, there continues to be problems with testing and these massive delays in getting results. in some cases over two weeks. why is this still such an issue? >> well, we had some major hiccups on testing to start and we have never cau

that was gerard cassidy of rbc. the big banks really delivering.rom new york this morning, good morning. alongside tom keene, together with lisa abramowicz, i'm jonathan ferro. in your equity market, we are at session highs, up 44 points on the s&p 500, higher by 1.37%. goldman sachs near session highs as well in the premarket, up by 4.34%. there's a lift to this market, a rotation into the banks once again. euro-dollar $1.14. yields up by two basis points to 0.65%. a vaccine driven market, but i would also say there's much more going on here than just that. see jp morgan, goldman sachs get it done. citigroup as well. struggling wells fargo makes it interesting. abovetures up 537, nicely dow 27,000 right now. bolu is with us, autonomous research analyst. he has particular experience at bernstein and the acclaimed banking black book at bernstein. -- how did serpent the super regionals reaction to big bank dominance? do you just presume a banking merger rollup frenzy coming off of the realities of digital banking? christian: good morning. thanks for

and the hhs czar of testing, admiral brett gerard did acknowledge the problem with the labs saying we did anticipate the lab capacity would at some point in time come close to reaching max. i'm not saying it's at a max now, but we are certainly pushing the frontiers. when the big labs are telling us their times are doubling we're getting back to where we were, we're at a max. >> drew griffin with the truth in testing. appreciate that. >>> tonight, the united states nearing 3 million confirmed case of coronavirus. cases surging in arizona, texas, and california. here's cnn's erica hill. >> reporter: cases surging in the sunshine state. more than 7,300 reported on tuesday. 43 hospitals in florida report their icu beds are now at capacity. nearly three dozen more are close. the governor is pushing forward with plans to open schools next month. touting his state's efforts to prepare for the long haul. >> the whole point of the curve, flattening the curve, was to make sure we had enough health-care capacity. we're in a way better position today to be able to do that. >> reporter: yet 43 ho

i talked to stephen hahn, head of the fda on this, the head of the hhs on this, admiral gerard, number2 at hhs, anthony anthony fauci about this, career fax analogist and they are all heavily involved in vaccine development not to mention the fact that there have been huge studies out in phase i, phase ii trials, the ottawa university vaccine published early data in the number one journal in britain with over 30 authors and published in the new england journal of medicine which is our holy grail of journals and done very transparently. there is transparency, top scientists involved, we are seeing every step of the way how this is going. is going fast but we are aware of it, the president was very forthcoming about this. i expect this to be a bipartisan situation. shannon: especially benefiting people across the country hopefully around the world with what is coming together. i want to ask, the debate continues about what we learn and discover about this virus, some new jersey gym owners we covered live, they stayed open, put in temperature checks, distancing at all kinds of things but

it's great to have you both here gerard, you are or bear, i believe. how deep do the problems run >> wells fargo las a major turnaround that's under way. they brought in a new ceo, and our contention is the turnaround will just take longer. this was all before the covid virus situation we're all very well aware they will eventually turn it around it's just our belief is it will take a lot longer. i don't see the fed lifting the asset cap order they put into place anytime in the near future, probably sometime in late '21 or '22. the fed is in no rush to make it easier for wells fargo, but it's not that the company won't turn around i completely believe it will it would just take longer than i think people will realize. >>> steve, why do you have a buy rating with a $40 price target on the company >> i think we can agree that wells fargo is a work in progress right now, clearly, but long term this franchise i think is very undervalued at 75, roughly 75% of book value. it's under ten times depressed earnings, even assuming through 2021 you know, certainly

admiral gerard acknowledged the demand for testing is so high that it is slowing down results, making contact tracing more difficult. >> doctor bhati, what roles do testing and contact tracing aid in ability to control the virus? >> it is one of the number of tools. >> reporter: representative jim turner went after dr. felty for not calling for an end to protest the nation has he said people should avoid crowds as much as possible. >> i'm not in a position to determine what the government can do in a forceful way. >> you make all kinds of recommendations did you make comments on dating a baseball. >> i think i will leave that to people have more of a position to do that. >> reporter: despite the heated exchange, president trump tweeted after the hearing, and support of both men. >>> authorities say new coronavirus infections are on the rise in nearly 30 states. new coronavirus infections appear to be leveling off in several sunbelt states including arizona and texas, but some midwestern states are now seeing a surge in cases. indianapolis where schools are opening, has already seen s

there is political talk going on, i did appreciate the updates that were provided coming of admiral gerardat over 50 mind million took to been completed and we have about 10% positivity which by the world health organization, that tells us we have succeeded the capacity for capacity in terms of testing. the one thing i still have a concern with, we are not necessarily doing smart testing, we have far too many unnecessary testing runs which is a lag and lotta test results are being delayed, moving forward we need to be smart about it, he talked about point-of-care testing, he mentioned over 1 million point-of-care tests were delivered to nursing homes across the nation which is essential to keeping our elderly and vulnerable protected, those are very encouraging. dr. fauci and doctor redfield also discussed going back to school, they said it is not economical versus public health and getting kids back to school, it is essential for public health in these children to be in person and we have to do whatever we can to get them there. that being said they both acknowledged that children can tra

just this week, admiral gerard, the man in charge of testing in the trump administration, went on television and again said, testing isn't where we want it to be, test results are taking way too long. and i know you have said, that is what you feel is most hamstrung by. so what's the problem? >> we have a very limited number of one-hour tests. where to put these patients, where to cohort these patients makes a big difference. and ef-to limit our one-hour tests to the icu patients, because we've got to make sure they're in the right place so they don't infect other people. and that means we have to put a lot of patients, either keep them in the er, while they await testing results, which just clogs up the er, or put them in an area where they're right next to people who would be negative waiting for their test results, which could take over a day for those patients. and it has led to patients testing positive, sharing rooms with patients who are negative. and it would seem -- i thought we had learned from new york, and then i thought we had learned from ourselves back in march, but clearly, w

redfield, as well as admiral gerard who heads the testing capacity and lawmakers are going to ask them is the plan, where is the national plan, why don't we have a national plan? but dr. hotez, aren't they just going to say, ask president trump? are they going to be able to answer that? >> i don't know what they're going to say. we've been talking for weeks about the absence of a national plan. what you have in its place is putting the states out in the lead and having them figure it out and the u.s. government will provide the backup fema support, supply chain management and manufacturing and it's a failed strategy. it's clearly not been working since the beginning of the year and it has led to 150,000 american deaths. and you've been very generous having me on cnn, you know, showing in detail why it doesn't work. finally, a couple of weeks ago i put out an october 1 plan to get the nation back on track by october 1, but i only did it because there remains this vacuum. there is still no federal ownership wanting to take this on. it's got to happen. we'll continue to spiral downward un

what's the policy if -- >> brett gerard and miami-dade school superintendent. >> trump versus mueller roger stone was treated horribly. >> a rare, public rebuke. robert mueller denounces president trump's roger stone's sentence. >>> and preparing for a possible post-trump gop. i'll talk to republican larry hogan of maryland who is considering a 2024 presidential run. joining me for insight and analysis are nbc news white house correspondent kristen welker, syndicated columnist george will and anna palmer, correspondent for "politico." welcome to sunday. it's "meet the press." >> from nbc news in washington, the longest-running show in television history, this is "meet the press" with chuck todd. >>> good sunday morning. for a country that celebrates american exceptionalism, the united states finds itself in an exceptionally bad place today. the calendar says july 12th, but it feels more like april 12th when it comes to battling this virus, even if president trump did finally wear a mask in public late yesterday. once again, cases are surging, the ten worst days for new cases nationwid

admiral gerard saying, it's critical, but we can't test our way out of the current outbreaks during aefing on wednesday. he said testing can't do it all. he's absolutely right. testing can't do it all. and i think we should no longer be counting the number of tests. the real issue is action on those tests. so what i want to hear every day is how many cases have we isolated? how many days did it take to isolate those cases? i mean, talking about testing, it's probably adequate. yes, we could use more testing in the united states. but talking about testing is so january 2020 at this point. i want to know what public health action was taken on the basis of these tests that's getting cases down. and that's not a count of tests. if i ask somebody how my deck is doing and they tell me how many nails they bought. >> can i follow up on that really quickly? you want to know which cases are being isolated and how they're being handled. we've seen over and over, that that's one of the major issues. there are not enough contact tracers. we don't know where they are. and when you're looking at mor

as you will hear today from admiral gerard, at this point we've tested over 39 million americans, of more than 3 million have tested positive and more than 1.3 million americans have recovered. sadly more than 133,000 americans have lost their lives. our sympathies are with all the impacted families. while we mourn with those who mourn, because of what the american people have done, the extraordinary work of our health care workers around the country, we are encouraged that the average fatality rate continues to be low and steady and at days earlier this week was actually 90% lower than at the height of this pandemic. again, it's a credit to the sacrifices that the american people have made, the extraordinary work our health care workers are doing. we pledge this task force working in partnership with governors all across the country are going to continue to work our hearts out, 24 hours a day, to continue to keep our losses low. >>> in just a few moments dr. deborah birx with outline the data we're seeing throughout the country, we're tracking literally state by state, county by cou

like, brett gerard did yesterday, who is first time at the rodeo, by the way.nd -- and he does that so that, when a new bug arrives, he has the credibility and nonpartisanship to get the president's ear. he is -- he is -- he is brought in. he is in the room, where it happens. when -- when it matters. and he's able to help steer things and -- and -- and help direct things so that the bug is fought against, and lives are saved. that's what he gets up every morning doing. >> let me -- sanjay, you know, you and i have talked so often. but i was thinking about this a lot this weekend. i just cannot believe we, as a country, are in this situation, sanjay. and back when this pandemic began, the idea that anyone would -- i mean, that the trump administration, not only all the failures that they have done. but would be seeking, now, to discredit the u.s.'s top infectious disease expert. i mean, we -- we knew this was going to happen when trump started to say, out loud, wow, dr. fauci, your ratings are huge. you know, people really admire you and respect you. that is the

deborah birx and then we will get a report from admiral gerard. thank you, mr. vice president. if i could have the first slide. i know some of you do watch what i wear. i'm wearing this especially today. this came from the salt river tribe. i want to thank them, it was a real pleasure to be out and speaking to individuals around the united states about the issues they are facing with covid-19. to be able to meet with immunities, hospital personnel, african-american communities, hispanic communities and our tribal nations, that was a privilege. i want to start with arizona just to pick up where the vice president left off. at orange line is the number of tests performed and the blue line is the test positivity. this is at the level of the state. arizona does have three counties that we are tracking closely. this does show that the blue line which is a seven day average and 92 the data team for these slides. the 7-day average is showing flattening -- thank you to the data team. it is encouraging because we know that the test positivity is beginning to increase and we are hoping i

deborah birx and then a report from admiral gerard before we move on to other reports. dr. birx?k you, mr. vice president if i could have the first slide, please, and i know some of you do watch what i wear. i'm wearing this especially today. this came from the salt river tribe. i just want to, mask can be a fashion statement. i thank the salt river tribe. a real pleasure to be out speaking to individuals around the united states about the issues that they're facing with covid-19, to be able to meet with communities, hospital personnel, african-american communities, hispanic communities and our pride tribal nations. that was a privilege last week. i want to start with arizona. just to pick up where the vice president left off. that orange line is the number of tests performed and the blue line is the test positivity. now, this is at the level of the state. and arizona does have three counties that we're tracking very closely. obviously you know the largest one being phoenix and maricopa county, but this does show that the blue line which is a five-day, a seven-day average. thank

fred gerard is the oregon state senate minority leader. thank you so much for joining us.your opinion, your local leaders, your marriage or governor are saying to those federal troops, get out. they are saying they are making the situation worse. you are there on the ground, what's the truth? >> well first of all as you know i support the federal use of troops and the reason for it is very simple. what started out as a long-overdue peaceful demonstration has morphed into a full-fledged right. anarchists have hijacked the movement and have caused widespread property damage and looting federal and state buildings are targets and our law enforcement officers are treated terribly in the security of our citizens are at risk. we should be able to fix this problem ourselves but we have a governor that sides with the rioters. hence, the need for federal protection. but once again i'm very, very grateful for the federal protection. >> melissa: for the folks on the grounds there, what is it that they want to? i imagine you have your finger on the pulse of the population in and aroun

president will have led a coronavirus briefing since he appeared in the rose garden with admiral gerard back in may, it was made the 11th. he was talking about testing back then, but a lot has happened since including these big spikes in coronavirus cases. the president is sure to get a lot of questions about that as well as an increase in the number of debts, schools not reopening in many jurisdictions. they are probably going to go with online learning to start the school year. it's fairfax county, just outside of d.c. many states having to roll back. likely to get asked for more money for testing in the face of the relief bill that is being renegotiated in the senate. democrats claimed that the white house is trying to block new money for testing, but the white house says it just wants to make sure that the money goes to the right place. here's what she said in her daily briefing earlier today. listen here. >> nobody is blocking any money from testing. one of the things i would add is that this is an ongoing negotiation. we are just in the early days of that. currently, we have $10 b

deborah birx, and then we will get a report from admiral gerard before other reports. dr. birx. dr. birx: thank you, mr. vice president. first slide, please. i know some of you watch what i wear, so i'm wearing this specially today. this came from the salt river tribe. masks can be a fashion statement. i want to thank the salt river tribe. it was a pleasure to speak to individuals around the united states about the issues they are facing, to meet with communities, hospital personnel, african-american communities, that was a privilege last week. i want to start with arizona. just to pick up where the vice president left off. that orange line is the number of tests performed and the blue line is positivity. countiesoes have three that we are tracking closely. the largest one being phoenix and maricopa county. but this does show that the blue team,thank to the data the seven-day average is showing some flattening. encouraging, we know that the test positivity rate is the first thing to increase, and we are hoping that it heralds a stability in arizona of at least reaching a plateau in

we will hear with him along with redfield and gerard at the top of the hour.ll be watching for that. and doctors marc siegel and nike sapphire will kick things off and senator of rick scott in florida and what's happening there and chris wallace. big 3 hours, join us live at the top of the hour from america's newsroom. pete: thank you, sandra. joe biden said to announce pick for shadow president, vice president next week. ainsley: our next guest says the former vice president has botched the process. brian: john, in what way -- great to see you, governor. in what way do you think vice president biden has blown this? >> well, he's been cooped up in his basement and using his friends in the media as marketing -- marketing each of the names, leaking to them individually that so and so was at the top of the list, seeing reaction to that and then go into the next one and saying the next one is at the top of the list. as a result i think he's raised expectations of the potential candidates and, of course, only one will be picked and the others will be disappointed a

it goes beyond the presidents, to his surrogates, it's to admiral gerard who is sitting there suggestingt dr. fauci, doctors, white coats have the nation's full interest at heart. we have narrow interests, according to him, to paraphrase him. that is demonstrably false. the only way to economic normalization, to schools reopening, is by getting handle on this pandemic, nicole. that's the only way. and the administration enabling this talking point is deeply alarming and it goes against the primary credence of any md, which is first do no harm. >> and it isn't just scientists and doctors. donald trump's former chief of staff, mick mulvaney, jonathan lamir, writes the truth about testing. quote, i know it isn't popular to talk about in some republican circles, but we still have a testing problem in this country. my son was tested recently. we had to wait five to seven days for results. my daughter wanted to get tested before visiting her grandparents, but she was told she doesn't qualify. that is simply inexcusable at this point in the pandemic. i have two friends with kids who got tested

so eugene debs, the biggest figure, came out of gerard, kansas, but there were also a lot of socialistsphia and new york. many were immigrants. >> we're going to tell you about how you can reach out, will divide the lens geographically. if you live in the eastern or central time zones reach out, if you live on the mountain time zones or even as far out as hawaii, we welcome your participation. twitter, facebook, call. in philadelphia, the socialist party met, and after they authorized schenk to print a draft. we learned this from the national archives in philadelphia. >> this was the flyer produced by charles schenk in 1917. 15,000 copies of this work. produced the point was to encourage men liable for the draft not to register. he equates conscription with slavery. and he calls an every citizen in the united states to resist conscription laws. assert your rights! here he said several sections of the constitution. then he says, here in the city murder agreement of independence. he and the page with are you with the forces of liberty and light or war and darkness? he continues on the oth

we will now hear from admiral gerard. >> both are fine. chairman clyburn, ranking members police, and distinguished members of the committee. is good to see you all again. testing is an essential component of america's public health response to covid-19. covid-19. testing enables clinical decision-making. heralds impending outbreaks. informs resource allocation and it assists in minimizing economic and social disruption. but we cannot test our way out of this or any other pandemic. testing does not replace personal responsibility. does not substitute for avoiding crowded indoor spaces or washing hands were wearing a mask. a negative test does not mean that you won't be positive tomorrow. a negative test does not substitute for avoiding crowds for wearing a mask or protecting the vulnerable with your actio actions. all of that being said as of this morning, the nation has performed over 59 million covid-19 tests. now averaging over 820,000 tests per day up from 850,000 tests per day when i appeared before this committee just earlier this mo

you will hear today from admiral brad gerard, we have tested more than 39 million americans.n 3 million americans have tested positive and more than 1.3 million americans have recovered. sadly, more than 133,000 americans lost their lives and are thin sympathies are with all the impacted families. while we mourn with those who mourn, because of what the american people done, because of the extraordinary work of our healthcare workers around the country. we are encouraged that the average fatality rate continues to be low and steady. earlier this week we were 90% lower the than the height of this pandemic. that's a credit to the sacrifice the american people have made. the extraordinary work that our healthcare workers are doing. we pledge this task force working in partnership with governors across the country will continue to work our hearts out 24 hours per day to continue to keep our losses low. in just a few moments, dr. deborah birx will outline the data that we are seeing around the country. we are tracker ring the state by state, county will describe moment, we are act