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joining us now is michael chertoff, the form ear homeland. >>> president trump tells us he's invokingfense production act. how exactly will that help to get these supplies? >> well, what that will do is help mobilize private sector companies to produce masks, ventilators and other necessary supplies. they have the capability of doing that. i would say this is an overdue measure given the scale of what we're dealing with. >> there are no bad questions during a crisis like this, as people understand it. one of the questions people ask, in world war ii, they turned the car plants into tank plants. how come we can't get these factories to make the masks that we need? how come we can't convert factories to make what we need? what's the answer? >> we can do that. but it takes a little bit of time to do the transition. if you're making automobiles, jeeps and tanks are easier than masks and ventilators. bear in mind that some of these companies are dealing with issues involving their own workforce, which is why had we done this a month ago, we would have been further ahead than we are now. bu

michael chertoff, former secretary of the apartment if only in security and now runs the chertoff groupgton. coming up, a live briefing from the white house were president trump and the coronavirus task force will brief reporters. this is bloomberg. david: this is "balance of power ." we are waiting for a briefing from the president and his coronavirus task force at the white house. people are gathering now. he says he has a major announcement having to do with the fda. joining us is kevin cirilli. thank you for joining us. do we have any sense of what we will hear today from the president and his team? kevin: an update based upon the reporting the gods to an -- regards to an update of how different medicines are being treated and in development to combat the coronavirus. there are various vaccines already in testing around the world, as well as here in the united states. there are other medicines that the government has streamlined from the private sector to get that it to the market -- to get them to the market as soon as possible. they tweaked regulations to bring them to market. lik

task force deputy ofon from homeland security -- from to permit of homeland security secondary michael chertofftin. highs weoming off the saw this week at 84, but nonetheless, a lot of volatility as you still see deleveraging happening from risk parity and leveraging options. you could also make the point that if you own risk parity today, you are not feeling so good. the dollar continuing to climb. a little bit of buying maybe at the margin, but not a lot. it has really been about the selling in the european bond market. at $23.tting wiped out energy aspects says brent could test $20 in april. this is bloomberg. ♪ ♪ from bloomberg world headquarters in new york to our audiences worldwide, i'm david westin. welcome to "balance of power. toare seeing an mother -- "balance of power." we are seeing another tumultuous day in the markets. president trump making remarks with his staff about $1.2 trillion in stimulus relief. the s&p is off 5.2 release -- is off 520%. -- is off 5.2%. saying it ist going to borrow so much money to stimulate that it really is it selling off practical measures. at stimulu

. >> michael chertoff, i really appreciate your time, secretary. thank you for being here. >> stay safe. >> stay safe. good luck. >>> so many of you are asking will there be enough food? the answer is yes. once again today, we'll be joined by a ceo of one of the biggest food companies in the world. the ceo of kraft and heinz will tell us what they're doing in this crisis. what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives. >>> cnn has just learned that food giant, kraft/heinz are providing $12 million globally to support communities impacted. thank you for joining me. i guess this is what it looks like for a ceo to work from home, right? >> poppy, i guess so. this is what it looks like. >> i'm glad you're here. let's address the pressing question so many people have, and that is, is there enough food? >> poppy, i think there's enough food. the food companies are worki

security and risk management advisory firm, was former chief of staff for homeland security under michael chertoff prudent? >> it's on a risk-based approach if you're looking to take a cruise to italy or the southern part of china, that's probably not a good idea right now. the cruise industry would be well served to look at what the airlines are doing, which is basically take that risk-based approach, any ports of concern in affected areas, those are the lines that should be stopped the other cruise lines destinations they should be screening passengers obviously before they get on a the lo of the cruise lines are trying to do that both with regular temperature checks as well as questionnaires. >> it may make sense to do it now, but it's a bit after the fact, and if we do it for cruises, why aren't we doing more at ampts? when i was at dhs, we looked at different technologies, and cbp, who handles the international flights into u.s. soil, they are in fact doing that any person coming in now from ports of concern or other destinations are being screened for temperature. if they're exhibiting any k