seema: yes, exactly.hen we look at the yield control is to be focused, seeing as we don't have any inflation questions for a year to focus on's easy that side of the curve. it is easier to maintain some kind of control. as you said, they want to make sure financial banks are not hit really badly. financials have done pretty well over the last couple of weeks. a large part of that is a steepening of the yield curve. given that the fed is unlikely to have a huge steepening, it does see we won't have financials playing out for a sustained period as long as the fed is in play. you're just, beginning to torch up the conversation. we will return to this debate in a moment. seema shah, principal global investors, our guest host for the morning. we have full coverage on the fed decision. special report 7:00 p.m. this evening london time. the nuances will be critical for the market. first word news this wednesday morning. world health organization is walking back its comments on the asymptomatic spread of coronavi

seema: yes. although they met expectation in terms of the size of the expansion of asset purchases, they did surprise with their .awkish suggestions not participating to agreement with the rest. england is the bank of may be more optimistic than it was suggested today. it is a question of whether the market catches up. my question is the market is a lot more pessimistic about the u.k. outlook than the bank of england. if they are going to start tapering to the point they end the current 100 billion increase by the end of the year, what are the implications for the issuance? how much pressure will the government the under when it comes to having to continue with the borrowing? the government is increasing the amount of issuance at a time when the bank can be tapering it down. you think that is what the bank will do? we are going from three scheduled appearances by the bank in the market to two. they have the capacity to keep going for a while. they did talk about flexibility. i wonder what the inp

it's the story of a postmaster called seema misra. i've taken any money, and then the jury came back with the word "guilty". what i had in front of me, my husband, my children, and i'm pregnant that time. seema was jailed for stealing £74,000 after she covered up the fact cash was missing. key evidence came from the horizon computer system. in the summing—up, thejudge said there's no direct evidence of theft, you have to infer it. how can somebody listening properly come back with the verdict "guilty"? so there was...it was shocking. and you then had to go to prison. yeah. i asked one of the officers if i can borrow his jacket so they can...cover my handcuffs, i didn't want anybody to see like that. seema might not have been convicted of theft had her trial heard the truth about horizon. we found crucial evidence in her legalfile that was never seen by the jury. these documents are shocking. they show post office prosecutors refusing to hand over information which could have helped seema prove her innocence. this isjust one example —

people working and learning from home spur demand for its chips brian. >> seema, have you seen one of those mirror things in real life my friend bought one i looked at one pre lockdown it was the weirdest thing but spurred a movement in me i guess it worked. >> is that the secret? >> i actually looked at myself in the mirror and i was like yicks. >> it was weird. >> i think the work-from-home concept spurred this because you are at home and you have that in-person interaction. >> it is wofh. work out from home >>> still on deck, if the economy stays slow, what happens to big banks looking to watch out before jumping into financials. >> announcer: today's big number, 93%. that's how much shares of tesla have soared so far this quarter. yesterday musk announced the company may breaevk en for the second quarter despite the global pandemic. just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to h

seema?anies are hiring more people of color, but it shows that less than 17% of slots are held by minorities investment firms like kkr are partnering with organizations like sponsors for educational opportunity to get low-income students through college while its careers program places minority graduates in banks and private equity to discuss the path forward for wall street, i'm joined by kkr co-ceo henry kravis and its president. thank you for joining us it's a pleasure to have you on cnbc >> it's nice to be here. thank you. >> corporate america is trying to understand how to address the lack of diversity in the workplace. you've been a big supportive chair on the board how has it affected how you recruit minority talent, henry >> well, we've worked at recruiting minority talent for a long time. this isn't something that just happened two weeks ago we've been at this for a long time we set up an inclusion and diversity council probably five or six years ago we hired a chief diversity offic

first let's check in with seema. >>> here are today's top business headlines. wall street is set for a mixed open this morning ahead of the final trading day of what's been a volatile month. stocks rallied with the dow rising 580 points. the dow was helped by a 14% gain for boeing as the faa began test flights for the 737 max to potentially resume service by the end of the year. markets are headed for gains this month, the nasdaq up 4%. it's on track for its best quarter since 2001. >>> in focus today reports on home prices and consumer confidence and the fed chair powell and secretary steven mnuchin testify before a house panel on the government's response to the pandemic. >>> amc is delaying the reopening of theaters two weeks to july 30th. the world's largest movie theater owner says that date alliance with the release of "mulan." amc expects all theaters to be operational by early august. the first widely released movie that aims to be out of the gate is unhinged which stars russell crow, moved from july 10th to the 31st. >>> uber is reportedly in talks to

. >>> welcome back got a news alert on the cruise industry seema modey has the details. seema?re announcing suspension of cruises from u.s. ports to september 15. that's further delaying when these ships will head to sea and that's going to hit carnival, royal caribbean and norwegian cruise line. both carnival and royal were aiming to resume some cruises starting august 1st. just a few days ago, norwegian cruise line pushed its date to october 1st. it is clear that more time will be need to do resolve barriers of resumption in the united states, and that the additional time will allow them to consult with the cdc remember, kelly, this is an industry that has come to a halt since mid-march. the cdc reacted to that no sale order that is expected to expire on july 4th, but it's been an uphill battle for the cruise lines to get these negotiations started with the cdc and outline the changes that need to happen in this post-covid world, including how to do social distancing on board, what capacity can they operate at, and other procedures like medical evacuations and isolation techn

seema, thanks so much.there. >>> we're going to drill down on the individual sectors and the biggest moovvers take a look at the casino stocks eno struggle as they try to reop caesar's paying customers to wear their masks we've got more details on "the exchange." for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. talk to your financial professional or consultant but a resilient business you cacan be ready for it.re. a digital foundation from vmware helps you redefine what's possible... now. from the hospital shifting to remote patient care in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running. you are creating the future-- on the fly. and we are helping you do it. vmware. realize what's possible. this virus is testing all of us. and it's testing the people on the front lines of this fight most of all. so abbott is getting ne

. >> seema, i love it. the most british thing ever. a pressing matter. i agree with you we have people in new york who will tweet us, dude, the world is ending. and then somebody in tampa, florida who will say i'm out having drinks with my friends, everything is fine with that in mind. when you look at the two perspectives, who is right >> somewhere in the middle we do think there is a recovery in play. the way you have to invest the money is, one, the way you are invested if you had missed out on the bottom level, you would have missed out on 10 years of incredible gains we still like the high quality areas. we still like technology people will still be reliant on these forces if there is a recovery in play, be discreet. there is active management that comes into play. >> in a year where we are being optimistic many think it will be a difficult road >> absolutely. next year will be a tough one. >> seema, great perspective there, which is the markets being defined by maybe our own view point best to you and your friends thank you. >>> a closer look at re

that's it for now from me on the news seema be back at the top of the al with an update and of course there's more news on the web site t w dot com that. combating the corona pandemic. where does research stand. what are scientists learning. background information and. our corona update. covert 19 special next on d w. the global corona crisis you can find more information online at e.w. dot com and on t.w. social media channels. tourists have never been as welcome as they are now. the coronavirus condemning it has put the brakes on tourism in berlin everything came to a standstill who weeks. pleasure boats once filled with sightseers and now mostly empty hotels and restaurants also worry that people will stay away. and obviously we have to show we're still hearing that we're responsible for the livelihoods of $45.00 people and that they didn't get it usually worked out. 80 percent capacity right now it's around 20 percent of what's happened to. the industry faces huge losses now people who depend on tourism hope that the coming months will bring a turnaround as visitors put the lockdo

that's it for now from me and the new seema be back at the top of the hour with an update and of course there's more news on the web site e.w. dot com is that. combating the corona pandemic. where does research stand. what are scientists learning. background information and news. hour corona update. covert 19 special next on d w.

. >> nawaz: seema shah, a bioethicist at northwestern t university, sa real value of human challenge trials is their speed. >> so you can take two groups of people randomize one to receive a vaccine. the other to receive placebo and then expose them to the virus. and if you see a difference between those two groups, you know, very quickly whether that vaccine worked. >> nawaz: now, up until this point, human challenge trials have only ever been used with diseases like malaria or typblid fever-- cuif the vaccine fails. with covid 19, there is no cure. >> challenge trials have a lot of promise and potential. but we have to be sure that they're going to realize that potential and that we can manage the risks appropriately. >> nawaz: a recent study published in the "journal of infectious diseases" also says that human challenge trials could have the potential to accelerate a coronavirus vaccine. and a group of over 30 members of congress has urged the federal government to consider using human challenge trials, likening the fight against the pandemic to war, in which "therr is a lonition

is just after carriers agreed to extend trips through april 15th carnival still down 67% this year seema, why make a big announcement for a two-week extension? >> i think right here what we're seeing is with every sector, kelly, sort of putting their path forward, the cruise lines have been halted since mid-march and now you have carnival with this new decision to delay sailings until september 30. maybe it just buys them time the conversation i've with individuals in the cruise line who works at these cruise operators, they're saying they're trying to propose different changes they can make on board, running these ships at 50 to 60% capacity ultimately they can't make these changes without getting some type of guidance from the cdc. there's sort of this push and pull between health officials and the cruise operators that are seeing their ships at the ports. they're waiting to get some type of green light, and in the meantime, sailings continue to get extended if you were hoping to get on a cruise this summer, that's canceled, and now not till fall at the least >> i want to know when cou

>> i do, seema you know, both technology and health care have been great performers year-to-date, but seen some real mean reversion out of these sectors in the last couple of months interestingly enough, we've seen one of the largest rallies ever over the last 50 days. the s&p is up about 37%. and specifically, i want to look at the stocks that have actually underperformed of late in looking at stocks like merck, for example. merck is one of the pharmas that has been underperforming of late and recently started to show really a lot of signs of good technical strength we have actually broken a four-month downtrend in the stock. the stock is back up over may highs, right near $82. but the stock is still under, you know, 10% under its highs that it hit earlier in the year. and so that makes it appealing to me as the stock starts to gain momentum. you look at a monthly basis of merck, going back over the last 20 years and see the stock has carved out really a giant long-term base and the pullback we've seen over the last few months has actually not undercut its longer-term uptrend, even f

seema mody has got that. >> the european union beginning to reopen its borders to 14 countries outsidet is calling its safe list the u.s. is noticeably absent. that means americans are barred from entering europe starting july 1st, which is tomorrow. some of the countries that made the cut include australia, japan, south korea this list will be updated every two weeks and will evaluate a number of different criteria including the epidemiological situation, the case count in regards to covid-19. so there certainly seems to be an evolving situation as the eu looks to reopen its borders and lift restrictions that have hurt a lot of economies in europe that are so dependent on tourism, for example, croatia which makes up 28% of its gds from tourism, spain, italy and greece 10% or more and summer is when you see these countries see the bulk of that tourism revenue made >> thank you for that. >>> seema, for that jim, your thoughts certainly knowing italy well, they are lifting the restrictions from china if it's reciprocated >> it does have that kind of developing world feel versus a develop

. >>> we continue to track cruise lines and travel which are getting hit from all kinds of fronts seema has that for us today. >> with travelers coming from states with high infection rates subject to a possible quarantine in the tristate the industry is facing another layer of uncertainty. there's key questions around how the state ban will be enforced and if he tootels will be askedo play a role. rates have fallen to 43% in manhattan. that's well below the 91% occupancy rate we were at in june of 2019 that's led to naua number of icc hotels shutting their doors. on to cruise lines reversing early losses, they are still trading in negative territory but they aredown sharply from their respective highs on concerns about a delay in the reopening and whether the fall date will happen. guys >> all right thank you. >>> a quick digital programming note as we head to break later today cnbc is kicking off our at work live stream series i'll be at home doing this stream you can register and get additional details at cnbc en.com it starts at 2:30 p.m. eastern helps you redefine what's possible..

they are highlighting targets and objectives >>> thank you, seema, it is one topic of many. nominated to join the ralph lauren board great to see you again, good morning. >> good morning, john, great to see you. >>. >> let's stay with soishl bonds. they are recognized for what they do, but i understand that you're going to borrowing this to pay a 3% to 4% interest rate overtime tell me why this is important to do look at what is happening with this adapting and why it is not going to happen. >> we need to understand that we're in a crisis. more commands are ming made on you. if you depend on fundraisers will are none taxing place, so we must step up and be bold and creative for most of us we live off of an endowment and when the market is vulnerable, be take more and we come up with a plan, a mechanism, made in part by the low interest rate environment that we're in. so we will issue a billion dollars of bonds a social bond, that will be used to give away in the next 18 months and we're joying by the mcarthur, duke, and kellog foundation in addition to the fund that's are al

seema mody explains. >> the u.s. being left off of the u.s.afe list instead lifting travel restrictions on 14 other countries inside of europe including australia and ya pan china will be included that s a zrouing destination 50 million visit annually and they are a pillar to the economy. so there is certainly an economic impact here they reacted to this travel ban saying "as we see numbers going up it is understandable that governments may reinstate travel restrictions it points to how important it is to keep everyone healthy and the huge impact on everyone's health and that travel cannot fully recover without safety the europeans said the list is not political in nature, but the u.s. travel came out saying that if this pan was to be nut in place a retaliation could be in the cards. in the meantime domestic travel will like i will be limited. >> the last day of the month closing out the dow fractionally higher, s&p up by almost a percent. nasdaq up by one and a third back in two. (music) anncr: give customers access to precisely what they wan

seema mody, it was looking good. >> yeah, after witnessing a 4% drop yesterday, none of them stopped wall street strategist from seeing opportunity in europe a 20% upside in exquit quities . next week europe is taking a giant leap toward reopening for summer travel. they are lifting their travel ban for 41 mur mean countries. european companies also across different industries joining growing calls to address krashl injustice. some of the real known names in fashion, along with automakers bmw and mercedes doing the same. henry kravis is going to join me to talk about how wall street firms can do a better job embracing diversity. >> that is a big interview, we'll see you then >> let's get to sue herrera this morning. >>> good morning here is what is happening at this hour louisville planning to ban no knock warrants the legislation hob nors breonna taylor >> with this law she will get to continue to do that. we're grateful for that. she would be so, she would be so happy. >> oregon pausing reopening efforts amid a new daily nigh covid-19 cases they will investigate the causes of the s

. >>> welcome back today our seema mody is looking at corporate boardrooms. what did you find?> scott, companies with a higher proportion of ethnically diversion -- just 81% of board directors are non-minorities 10% black, 5% hispanic, 4% are asian. diversity reports issued by big tech companies show companies like amazon, apple, google and facebook are hiring people of color, but as you climb the corporate ladder, the number of if roles decrease. 3% at the leadership level yale's jeff sonnenfeld telling me that has companies looking inward to help minorities advance their careers and get to those senior positions mastercard telling us it's defining inclusion as a leadership skill, inert measuring how leaders successfully build diverse teams. goldman sachs says it -- unless it has at least one woman or non-whiteboard member. starting in 2021, the state of illinois requiring companies to begin disclose the number of women and minority board members, all seen as steps in the right direction, scott, because clearly more needs to be done on the policy size, but also in corporate am

now with those names and what's driving some of the moves, hey, seema. >> hey, equity expected jobs litin travel stocks. investors hope reopening the economy will bring back travel, especially domestic travel which is picking up. from the march lows marriott and hilton seen the stocks double. cruise lines are burning cash. that hasn't stopped the rally 200% or more from their respective 52 week lows. now hoping to get travellers sailing by august. i hear a meeting is planned for later this week so two sides can formulate a working timeline. >> seema, thank you. i would add to all those play s about reopening, the overall market which went positive, guys, for the year today, s&p 500, the nasdaq, closing at record high. how about hertz, the car-rental site, this stock has exploded since the company declared bankruptcy at the end of may the move today up 115%, mike, what's up with that. >> i referred earlier to the pockets of over activity this is one of those areas chesapeake energy is another one, it reported after close it is going to report bankruptcy. other companies doing debt restru

seema yasmin, thank you very much. >> thank you. >>> today senate democrats are vowing to block the republicans' police reform bill. why are they doing this? why not debate it? >> plus remarkable congressional testimony expected today. two prosecutors from the justice department accuse the attorney general william barr of politicizing key justice department investigations under pressure from the president. >>> also one new york paramedic issuing a dire warning to people heading out to bars and restaurants. he says, quote, the virus is still out there. he joins us. - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. prevagen. healthier brain. better life. -always have been. -and always will be. never letting anything g

for more on tesla, let's go to seema for trading nation >> that was a fun package. tesla up more than 130% so far this year. let's bring in the trading nation team. do you think tesla can maintain its leadership in the face of rising competition i'm reading about 12 new electric vehicle models coming to market this year? >> certainly i do think they can and tesla is just had this wonderful history of proving every single person wrong. it's very tough to bet against this company, this stock or elon we have been in the same camp we have been in for the long time it's not a fundamental play. it's play based your belief and him as a visionary, as an entrepreneur and this movement it pays to buy this company and this stock when it's beaten up and everything thinks it will go out of business and he comes and pull a rabbit out of the hat and the stock is off the race. >> market cap of $184 billion versus gm which is at 36 billion and ford at 24 billion can it continue? >> it's not the tactical idea it was in march and april when it corrected but still screens positively in

if it goes through, that raises questions whether that can come true. >> seema mody, thanks.ave to ask you, i know you're not a fan of the cruise stocks. the recent action, what does it tell you now that we know they will push their days farther back spot fall how cheap are these stocks >> they are not cheap. >> go ahead, josh. >> i would say they are not cheap, cheap on the basis of what the value of their assets continues to come down and the potential earnings continues to come down. so it's really hard to use the descriptor when you don't know what it's applied to, it's melting away faster than sentiment. it's a very, very tough space. i don't know what to make of these and i'm not involved. >> stocks tripled off the lows because they were basically priced for stings, given back a third of that gain they trade like call options on maybe we'll sale early next year a lot of stranded capital, if you consider how much debt they have raised and all they are doing is burning through it as they don't take customers on. >> mike, we've got just about two minutes left what else are

i'm seema mody paypal and square both getting hit hard today after rallying more than 70% so far thisalance getting a downgrade to neutral on valuation concerns we have the team here. mark tepper, i'll start with you. buy, sell or fold? >> i would definitely prefer paypal over square we've been in and out of this thing for a while. right now we're out of it. they're both expensive, i would be waiting to pounce if and when there's a pullback in paypal the issue i have with square is they have a lot of exposures to small mom-and-pop shops, the once that rely on foot traffic and the ones that have been devastated by this crisis. paypal is more on the e-commerce play, and i do believe the shift to e-commerce will sticky. it won't go away even when you're doing business in person, more and more people are preferring additional. square does have an advantage or paypal's venmo, but i would see it as a catalyst i think paypal would have to drop for the 140 level for us to deliver. >> what are some key levels to watch? >> so let's talk about paypal versus square for a minute paypal has gotten

i'm seema mody small caps leading decline handedly beating the broader s&p 500 since march bottom to break down the move, let's bring in the trading nation team gina, curious whether you think the outperformance in small stocks are justified >> yes they were definitely the group of stocks expected to have the most impact by covid-19 and i think that is still the case as we have seen some positive news rolling, the idea we're starting to reopen and turn the corner, i think there's a concern that some of the pessimism that was priced into those markets need to be taken off. the one thing we need to be cautious is of these are not good values. right now the small cap segment is very highly over valued i think it's a very cautious play at the moment >> todd, gina makes a good point. small caps do trade at a premium to the s&p 500 how does the chart look? >> it sure does. we old iwm at our portfolios they have been out performing since the march bottom but they have been under performing for six years. it's hard to call an end to this the recent push is a response to reduced expectation o

seema yasmin from the cdc and dana bash. to doctor, i want to begin with you. again, this is the first briefing from this task force in almost two months. we heard a lot of positivity from certain members of the task force but despite that we are still very much in the middle of this pandemic. what is your biggest takeaway here? >> so this was, as you said, the first public task force briefing in two months. but it feels like yet another opportunity to put political spin on this global health crisis. the vice president said we're making truly remarkable progress. where? we've seen 40,000 new infections in a 24-hour period breaking the record from april 25th. how is that progress. and i'm worried about this spin that we're seeing more cases because we're doing more testing, that is not fully accurate. because not only are we not seeing enough testing in arizona, a hot spot, people are lining up for 13 hours to get a test. but we're also seeing a higher rate of return of positive cases. and also this falsehood, he said all 50 states are safely and responsibly ope

hahn, seema verma.will make a series of presentations to update the american people on the status of in theonavirus pandemic, country, and then be available to take questions. theery much appreciate attendance of all who are here, all of you who have made time to tune in. as we reported today, we have now more than 2,500,000 americans that have contracted .he coronavirus sadly, we have lost more than 126,000 of our countrymen to this disease. i know i speak for the president when weevery american express our sympathies and deepest condolences to all the families who have lost loved ones. theite those losses, since end of our 45 days to slow the spread and the beginning of america,o open up thanks to the corporation of the american people, the efforts of governors and state health officials, efforts i want to proudly say, the entire federal team under the leadership of president trump, we have truly remarkable progress in moving our nation forward. you have all seen the encouraging news as we open up ame

technical resistance until the 70s they hit it at a lower price bike i like to ride my road bike, o seema but as a father of three kids, i'm thinking about the peloton. >> what do you think about a stock that is selling more bikes due to this work-from-home phase but it's facing competition from a company like soul cycle and facing questions about its ability to scale >> it's not just competition from soul cycle, it's also facing competition from other bike companies, who are all forming their own studio offerings to help give a peloton-like experience. they a pioneer in this space but they're also opening up the space into a lot of competitors, mirror, tonal. this home craze is going to take off. if you think about it, most people who start a gym membership in january will abandon it in may. most who start a fitness app in january will abandon it in june. that is the churn that peloton will be faced with for the rest of its life as a stock, but it has a massive -- obviously a huge potential there but it is going to face increased, you know, increased competition, not only from the stay a

hahn and seema verma. we will make a series of presentations to update the american people on the status of the coronavirus pandemic in the country and then be available to take questions. but we very much appreciate the attendance of all who are here and all of you who have made time to tune in. as we reported today, we have now more than 2,500,000 americans that of contracted the coronavirus. and sadly we have lost more than 126,000 of our countrymen to this disease. and i know i speak for the president and for every american when we express our sympathies and our deepest condolences to all the families who have lost loved ones. despite of those losses, -- despite those losses, since the end of our 45 days to slow the spread and the beginning of efforts to open up america, thanks to the cooperation of the american people, the efforts of governors and state health officials, efforts i want to proudly say the entire federal team under the leadership of president trump, we have made truly remarkable progres

nursing homes, nursing homes are at major risk centers for medicare and medicaid services administrator seema verma says while 80% of nursing homes haven't had any cases or deaths from covid those that did have been devastated, we are doubling down on our efforts to do testing for nursing home residents from us as nursing homes are still a major health concern and the path for seniors and families to be reunited goes through testing we want to make sure that those nursing homes are doing everything they can and they're abiding by those longstanding infection control guidelines but leslie dock, the chair of protect our care says the president even today, it's still not serious about protecting seniors is if we step testing right now. >>we have very few cases of any core job of the government to protect its people instead of doing that. weed out you know the president chooses to downplay the risks but from us as the president has been and will stay focused on making sure the nation's seniors are safe and protected reporting in washington. i'm morgan wright. >>truck drivers say they're nervous t

seema mody joins us with more. >> vacation rental bookings down 60% year to date and a recent rebound40% in the last week of may compared to the same week last year, that data according to suntrust. demand is particularly strong in nonurban markets, about 60 to 80 miles from big cities. prices are starting to go up in select markets, the average daily rate at a vacation rental in beverly hills about $1,000 a night compared to $450 in may of 2019 a rental in the berkshires up to $171 a night come parred to 113 last may is this a lasting trend? bring in matt roberts, interim ceo of vacation rental platform and former ceo of open table welcome. >> thank you. >> why do you think demand is increasing when stay-at-home orders are being lifted? >> yeah. i think there's several factors. one, everybody is eager to get out and to travel again. they really want to get out of their house and they want to be in a home just not their home. a there's flexibility with remote working right now. kids activities canceled and really a preference, a share shift if you will to professionally manage vacatio

hahn and seema verma.e will make a series of presentations to update the american people on the status of the coronavirus pandemic in the country and then be available to take questions. but we very much appreciate the attendance of all who are here and all of you who have made time to tune in. as we reported today, we have now more than 2,500,000 americans that of contracted the coronavirus. and sadly we have lost more than 126,000 of our countrymen to this disease. and i know i speak for the president and for every american when we express our sympathies and our deepest condolences to all the families who have lost loved ones. despite of those losses, -- despite those losses, since the end of our 45 days to slow the spread and the beginning of efforts to open up america, thanks to the cooperation of the american people, the efforts of governors and state health officials, efforts i want to proudly say the entire federal team under the leadership of president trump, we have made truly remarkable progress

hahn and seema verma.ake a series of presentations to update the american people on the status of the coronavirus pandemic in the country, and then be available to take questions. we very much appreciate the attendance of all who are here and all of you who have made time to tune in. as we reported today, we have now more than 2,500,000 americans that have contracted the coronavirus. and sadly we've lost more than 126,000 of our countrymen to this disease. and i know i speak for the president and for every american when we express our sympathies and our deepest condolences to al the families who have lost loved ones. despite those losses, since the end of our 45 days to slow the spread and the beginning of efforts to open up america, thanks to the cooperation of the american people, the efforts of governors and state health officials, efforts i want to proudly say of the entire federal team under the leadership of president trump, we have made truly remarkable progress in moving our nation forward. we've a

hahn and seema verma.ll make a series of presentations to update the american people on the status of the coronavirus pandemic in the country and then be available to take questions. but we very much appreciate the attendance of all who are here and all of you who have made time to tune in. as we reported today, we have now more than 2,500,000 americans that have contracted the coronavirus. and sadly, we've lost more than 126,000 of our countrymen to this disease. and i know i speak for the president and for every american when we express our sympathies and our deepest condolences to all the families who have lost loved ones. despite those losses, since the end of our 45 days to slow the spread and the beginning of efforts to open up america, thanks to the cooperation of the american people, the efforts of governors and state health officials, efforts i want to proudly say of the entire federal team under the leadership of president trump, we have made truly remarkable progress in moving our nation forward

hahn, and seema verma.ake updates to the american people on the status of the coronavirus pandemic in the country and then be available to questions. we very much appreciate the attendance of all who are here and all of you who have made time to tune in. as we reported today, we have now more than 2,500,000 americans that have contracted the coronavirus. sadly, we've lost more than 126,000 of our countrymen to this disease. i know i speak for the president and for every american when we express our sympathies and our deepest condolences to all the families who have lost loved ones. despite those losses, since the end of our 45 days to slow the spread, and the beginning of efforts to open up america, thanks to the cooperation of the american people, the efforts of governors and state health officials, efforts i want to proudly say the entire federal team under the leadership of president trump. we have made truly remarkable progress in moving our nation forward. we have all seen the encouraging news as we op

secretary of veterans affairs, robert wilkie, administrator seema verma, chief postal inspector of the united states postal infection -- inspection service, gary barstow, and he has done a great job especially spotting drugs come into our country. my administration is working tirelessly to stop the depraved criminals who seek to defraud american seniors of which there are many but we are doing a very strong number on a lot of them. and nobody has ever done what we have done. three month ago we have launched the national elder fraud hotline , which has already received 1800 calls. in three years we have charged 1000 defendants involving $2.2 billion in fraud against our seniors and this afternoon the doj has announced a $2 million grant to help enforcement identify victims and bring lawbreakers to justice. these actions are one part of our unwavering devotion to our senior citizens. last month i announced a deal to ofsh out of pocket costs insulin and insulin is such a big deal, and such a big factor of importance for our senior citizens. we slashed costs for hundreds of thousands of me

movers we're looking at travel and casinos and digging in on the work from home trade first to you, seema? >> yeah, a major reversal in travel stocks. in some ways it reflects what marriott cfo told us just a couple weeks ago:th the rebound in travel would depend on the containment of the virus and the uptick in select states this travel trade is unwinding. i point to the latest data on hotel occupancy. yes, it is improving still well below the 60% average we were at prior to covid-19 on to the cruise lines big runup in recent weeks. today, the biggest laggers on the s&p 500 led by norwegian cruise line down as much as 16%. the cruise line ceos met with the cdc today. yet still no guidelines as to whether the health officials will lift that no sale order that is still in place until the 2 fourth of july >> thank you for that. >> let's check in on casinos contessa brewer has that >> worries over rising he coronavirus cases and recession and unemployment and maybe the opportunity to take some profits here are weighing on casino stocks today eld rad y el dorado, down 16.5%. if we take a look

ports seema mody has the details. >> cruise industries suspending salgz from u.s. ports until september 15th now that means the cruise lines will miss out on the peak summer season carnival and royal originally had plans to restart some sailings in august cruise industry spokesperson says at decisional time will allow us to consult with the cdc on measures that are appropriate for the eventual resumption of cruise operations. in the meantime, all three cruise operators are burning cash as much as $650 million a month for carnival don't be surprised, sara and wilf if the grucruise lines go k to the debt market to raise more money. they already raise the $6.6 billion in debt and equity. now they're in the zero revenue environment for a considerable amount of time back to you. >> yeah. well, luckily for them, the debt market has been wide open. thanks to the fed. thank you. >>> amc reversing its earlier decision to not require customers to wear masks. previously saying, "we did not want to be drawn into a political controversy. the movie theater operator plans to reop

seema. >> when we come back later this morning, the ceo of albertson's biggest ipo of the year, pricing now lower for neju along with the s&p. back in a minute i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. can i find an investment firm with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey >>> as calls to cut police funding grow in the wake of recent protests, how exactly are major cities funding their police departments we have a look at that >> good morning. the nation's biggest city spends hundreds of mi

. >> seema, thank you. >>> the surging number of new covid-19 infections weighing on the markets.ack reopening florida reports nearly 9,000 more daily new cases joining us is former fda commissioner and cnbc commissioner scott gottlieb. dr. gottlieb, thank you for being here the discussion today centers around these cases and who is getting sick and particularly the young people get sick. if you looshg at the hospitalization numbers like texas and florida, they do skew younger. why is that? why are more people getting hontized younger there than they did here in new york during the height of our outbreak zblfr it's probably a function of behavior. it's probably not something innate to the virus itself the virus has not changed in any form the older people are doing a better job protecting themselves and younger people are being less cautious and more likely to get infected the place that's were open are the places that younger people are going to congregate. so it's a function of behavior the concern is though that you had so much infection at a community level in the states now t

the health care ready network is now producing is an input of nursing home information working with seema verma, and i've seen regularly input from nursing homes where less than 2% of nursing homes that are reporting say that they don't have a week's worth of personal protective equipment. i would really love to sit with your staff to go through that information and understand where you're saying that there's hundreds of nursing homes that don't have, because the data collected from the health care ready network is showing a very small amount. once we see those numbers we work with each one of those nursing homes to make sure they have ppe. >> i would appreciate following up with us on that. mr. chairman, if there is a second round of questions, i would appreciate being able to ask them. >> okay. senator rosen. >> thank you, chairman johnson and ranking member peters, i thank all of our witnesses today for your hard work. in nevada we're about to -- and we've had multiple earthquakes including a 6.5 magnitude event that shook our entire state. flooding and other disasters possible, so i w

i have talked to seema verma the leader of cms, the government is a huge fan of allowing americans, seniorse. it's a better solution, i believe, for most folks. why not expand that to folks in the working force who are not seniors but are still contributing money to the healthcare system. let them get more efficient care and walk you through real quick. we have a crisis in two ways. first, it's not just minorities disproportionately suffering and i'm going to quote martin luther king here. all forms of discrimination, ininequality injustice in health is the most shocking and inhuman. we have a problem there the other issue that folks are refocused on is our healthcare sites are disseminated by the nation's response to covid-19. no people in hospitals because everyone is scared. we need to fund these healthcare systems. we are going to do it any way by the way. take care of this crisis and fix a long-term crisis. we should be in golden age of healthcare delivery. medicare advantage for all. medicare could provide universal coverage. we priced this out. george the iconic expert others contrib

cuomo saying he was following federal guidelines and seema verma said no, you didn't.al guidelines said nursing homes had to take them back if they were prepared and able to care for those patients. that's a very big caveat. meaning you needed to have the staffing. they needed to have the ppe. and they really needed a stepdown unit or area where just those covid positive patients were. the problem with this virus, it is highly transmissible. very high r not meaning it's very contagious in the elderly they tend to have viral shedding longer than the rest of the population. so they stay infectious longer than say maybe you and i auto would, jedediah. that's one of the biggest problems here. jedediah: the one thing, i mean that we knew from the beginning that seemed to be consistent when so many other things with respect to this virus was not consistent there was a vulnerable population people who were older were more success 2 susceptible. i don't know if you can weigh in on this. nursing homes arranged the country didn't necessarily have this problem. there were a lot o