tom friedman, always good to see you.orning. >> pleasure. >>> coming up, the big market number of the morning. we're now just 30 minutes away from weekly jobless claims allianz economic advisor mohamed el erian will join us. futures down 170 points on the dow. nasdaq is now negative w wnd to stay positive nodo about 58. stay tuned you're watching "squawk box" on cnbc tempur-pedic's mission is to give you truly transformative sleep. so, no more tossing and turning. because only tempur-pedic adapts and responds to your body... ...so you get deep, uninterrupted sleep. during the tempur-pedic summer of sleep, all tempur-pedic mattresses are on sale! we were paying an arm and a leg for postage. 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.

i will talk to tom friedman and zanny minton beddoes. then 2.4 million more americans filed for unemployment last week, bringing the total to almost 40 million unemployed in just nine weeks. but markets continue to climb. former trump economic adviser, gary cohn, joins me to explain the trump covid economy. also my latest special is about beijing's troubling response to covid-19. china's deadly secret, it premieres tonight at 9:00 p.m. eastern and pacific. i will bring you a preview. >> a battle that began in china becomes a world war. >> holy [ bleep ] this is going pandemic. >> but first here's my take. as polls continue to show a steady lead for joe biden, president trump seems to be getting increasingly desperate. he's now committed himself to an election strategy that is centered on blaming china and its leader, xi jinping. throughout january and february, you'll remember, trump showered praise on xi, repeatingly emphasizing the close american cooperation on covid-19 and he praised beijing for its transparen transparency. as late as

what would tom friedman say to that column? >> it's unfair. we have to do everything we can to protect his wife, my wife or yours michael or grandparents. we've done a terrible job at that. if it were me, i'd be calling out the national guard in all 50 states to protect the homes to make sure the residents there are protected. but you're dealing with mother nature. she's not there. she didn't give you a virus that falls on everyone equally. mother nature is chemistry, biology and physics. you can't talk her up, you can't talk her down. all you can do adopt as best you can. that's what we enable earn single person in our today to do. to maximize the availability, and protect the vulnerable. and maximize our ability to save lives and livelihoods. but this isn't fair. you're up against mother nature. you're not up against some political party. she doesn't care about you or me. all she cares about is who will adapt. and who doesn't adapt, in her world, they get returned to the manufacturer. that's the brutal logic of our situation. >> well, the pa

subcommittee examines the federal response to the coronavirus pandemic with the former cdc director tom friedman among the witnesses. that is live at 10:00 a.m. eastern. an 11:00, the senate returns to debate and vote on the nomination of the head of countering intelligence at national counterintelligence and security center. >> with the federal government at work in the sea and across directoryy, use the for members of congress, governors, and federal agencies. order your copy online today at store.org. >> next, defense secretary mark esper and joint chiefs of staff chair general mark milley on how the pentagon is dealing with the coronavirus. they were asked about the origins of the virus, military testing capability, and china's response to the pandemic. respon. >> good afternoon, everyone. the seats are starting to fill up. good. i want to begin by expressing my gratitude to the more than 62,000 service members on the front lines in the fight against the coronavirus, including over

later, three-time pulitzer prize winner tom friedman joins "the beat." he says trump is picking the wrong fight on the virus. >>> and a new video shows a police officer pinning a black man who cries out he can't breathe. we've been covering throughout the day on msnbc. now there are reports of a new fbi investigation. we have that story later for you in tonight's show. >>> as americans lean into a summer that is obviously, you know, this we all know this, it's unlike any in recent memory, we are seeing people's individual choices become a touchstone for intense debates, debates that could be with us for a long time ahead. now let me be clear, because we try to be as clear and as proportionate as we can be on this, like any other story. there are many parts of america where this weekend people did continue social distancing. that includes hard-hit places like new york, seattle, and l.a., where some local quarantines also remain in effect. yet you've probably seen the images by now. we also saw these scenes at many beaches and public areas where people did

which we're talking a lot of bell will bring policymakers and like lamar alexander will bring in tom friedman former head of the c.d.c. or jeff copeland former head of state he said he and it will be talking to health specialists in the scientists like marty berry from johns hopkins who you see a lot on the code barrister toby cause were oh who ran the cleveland clinic and then we bring in elevators to sort of people who are like making back scenes and look looking to make those any sense so it's on every week a 2nd opinion podcast dot com you can go there and look at it as well what do you think few more questions what do you think of obama's affordable care act. well i thought it was really interesting because when he was campaigning he was campaigning on the cost of health care because that's what really people care about and cared about time and then once he got into office he switched to the access if you will get you a huge issue in this country that 20 percent of people don't have care or maybe 30000000 people 1215 percent only care today they don't they get the care but they don't hav

>> chuck, one thing that i saw tom dr. friedmanreat today, the director for the cdc, was it's all about how we prevent the next 100,000 cases, 100,000 deaths. events like the lake of the ozark gathering that you saw, really they can serve as the stem off which the next 10,000 cases arise from. you might have a portion of the people present in that gathering this week that may have had the disease that were asymptomatic or didn't have many symptoms who thought they were sick who could have spread it to people who could have then taken it into another city and spread it to others. what that basically ends up being is an entire public health system is now engaged, chasing down hundreds of people to make sure that when they develop symptoms and become infectious, they're not passing it to other people. that's effort we can expend in trying to add potentially the case of other areas or efforts in trying to get this testing more ramped up. every action that we as the population is not just the doctors, not just the nurses, not just the s

pandemic influenza and had our experts who we brief that group including the outgoing cdc director tom friedman, including the outgoing assistant secretary for preparedness and response team lori and i talk about areas where they really felt that we needed to be prepared for a coming pandemic. one of the things that made that point at that moment in time is that age 7 and nine influenza virus which occurred first in humans in 2015, there was a large number of cases in humans that year in 2017 as the administrations were transitioning . so there was a concern, a real-life virus that people were tracking and had a high degree of mortality had not yet still have not yet gained the ability to transmit efficiently between people. so there was a concern there and we wanted to pass that on the newadministration . i then stayed into the new administration and work for the homeland security advisor over the home from lisa. i was calm. >> cameron is next and in san diego california, goodmorning . >> could you question and comment. question, first question would be could you please ask her to explain to t

. >> reporter: room raider gave tom friedman's backdrop, 4 out of 10 saying, it's like panic room meetsfterhours club. governor christie, zero. >> a gratuitous shot. >> reporter: make masks from the drapes. he has no design credentials just creating -- >> -- lighthearted social distancing. >> reporter: he picks up lampshades and after he suggested to peter baker, for god's sake, man, hang something on that picture hook. baker hung two somethings. one of them on a door. and he gave ten for attic -- he let him know it's a barn. >> wait, this guy is a -- >> reporter: yes, kristol showing us first experience on cnn 15 years ago. all of this to clown around outside. even outside isn't safe. >> it's not exactly clear. it's a little windy out here, andrea. >> reporter: we give the lights a ten for smalling so symmetrically, jeanne moos, cnn, new york. >> man, just glad she's okay. that could have been bad. >>> coming up, graceland calls itself the second most visited place after the white house. as it reopens will we be able to stay safe in the era of social distancing. the owner is talking to

. >> the room rater gave tom friedman's backdrop four out of ten saying it's like panic room meets after-hours club. he gave governor christy zero. repaint. burn the furniture. make masks from the drapes. rater has no interior design credentials. he is just creating -- >> lighthearted, social distancing content. >> he picks up on toilet paper and crooked lampshades. after he suggested to peter baker, for god sake, man, hang something on that picture hook. baker hung two somethings. one of them, on a door. and when the rater gave ken burns a nine for his attic. >> it's certainty. >> ken burns himself let the rater know it's a barn. everybody's a critic. >> wait. does this guy have a framed picture of himself? >> yep. tells us it's a photo of his first appearance on cnn some 15 years ago. all of the home judging is enough to drive a reporter outside to clown around. but, even outside isn't safe. >> it's not exactly clear. a little windy out here, andrea. >> we give the lights a ten for falling so symmetrically. jeanne moos, cnn, new york. >>> well, you're welcome that you didn't see my knee. and

tom friedman testified before the house appropriations committee yesterday and he told them this is reallyust the beginning of the pandemic and we have a long fight ahead. he predicts the u.s. will exceed 100,000 deaths by the end of the month. >> until we have an effective vaccine and unless something very unexpected happens, our viral enemy will be with us for many months and possibly many years. >> freeden was brought in as a substitute after the white house prevented dr. anthony fauci from testifying. the trump administration says the house did not give a good reason as to why fauci should testify. he will answer questions from the republican-led senate next week. the white house has stopped the cdc from publishing a set of documents last friday. the documents contained step-by-step advice from top disease investigators to local governments about when and how they should reopen. kumasi? >> thank you, jobina. >>> i want to tell you bout something that is coming up today at 4:00. we're having a race and coronavirus bay area conversation. we'll be focusing on issues and challenging facing

just watching room greater at rate my skype room is judging it's unhinged the room rate or gave tom friedman's backdrop 4 out of 10 saying it's like panic room need to after hours club. he gave governor christie 0 just to go to the shot repaid burn the furniture make masks from the drapes. later claude taylor has no interior design credentials he's just creating light hearted social-distancing content he picks up on toilet paper and crooked lampshades advises reposition plan to block them. after he suggested to peter baker for god's sake man hang something on that picture hoke baker home to some things one of them on a door and what greater gave ken burns on 9 for his attic. it's certainty. ken burns himself left the greater know it's a barn, everybody's. a critic. >>the way. yeah chris sullivan tells us it's a photo of his first appearance on cnn some 15 years ago. >>all of the home judging is enough to drive a reporter outside to clown around. but even outside isn't safe are not exact. andrea we give the lie to 10 for falling so symmetrically jeannie moos, cnn, new york. >>harry all right na

. >> well, happening right now on capitol hill, the former cdc chief, tom friedman, is testifying onourse, the administration blocked tony fauci, who has been leading much of the response to this from testifying there. saying that democrats in effect have it in for the administration. >> manu raju joins us on the phone with more. certainly it's important to hear from dr. friedan, but i think the context that jim set up is important, that dr. fauci was blocked from answering these questions today. >> yeah, no question about it. i mean, anthony fauci, the republicans and democrats wanted fauci to testify. in fact, tom cole, the republican on the subcommittee, the ranking republican, raised concerns himself. he said he made the case for fauci to come and testify as well. it wasn't just democrats who wanted him to come and testify. but of course, the white house has intervened and said that he would not, and he would instead go before the senate committee next week as the president's criticized house democrats. but friedan, tom frieden, the former cdc director in this subcommittee hearin

i don't know if you guys caught tom friedman's piece in "the new york times" at the end of last week,extolling the virtues of the sweden model. which is becoming much more of a hot topic, with a doctor up at yale talking about it. people are getting more interested in the idea of these targeted lockdowns and working toward herd immunity, where 60-70% of us would have been exposed to the disease and hopefully have the antibodies. governor cuomo, earlier in his press conference, talked about the trade-offs. people die if you go out, but people also die if we are staying inside forever. we can't be locked in their homes until the end of time. society will not survive. so i think the point that you raise is incredibly important, and it foreshadows where this conversation is going to have to go, led by doctors. i think the sweden model will be used as the example for where we can potentially end up in all of this. >> harris: all right. the treasury department is borrowing at five times the record pace, as the government tries to keep up with pandemic relief. america's growing debt burden.

. >> profess ever rivers, the former cdc director, tom friedman, who testified alongside you just today, said that we're just at the beginning of the pandemic. and i spoir to lori garrett last night on the program, journalist. and she's been warning epidemic like this for decades. she said her best-case scenario is 36 months and that was a best-case scenario involving a lot of things going right in terms of the search for a vaccine and social distancing. how long a timeframe are you looking at? >> we've heard from dr. fauci that 12 to 18 amongs is the timeframe that the administration is considering for a vaccine. that is faster than you would normally expect a vaccine. but we've never had so much motivation before. and, by that, i mean we never have faced such a crisis that required us to call on all of our resources. and so i think 12 to 18 months is the number we should keep in mind. that being said, i don't think we're all going to have to stay home for 12 to 18 months. i think there will be a period where we are able to shift from everyone having to stay home to slow the spread int

fauci and tom friedman on a couple of times talking about what people need to do to protect themselves. people are smart. people around the world are smart. if you tell them how to protect themselves and how to make sure that they don't contract this virus, they'll take some pretty dramatic steps to take care of their own health. we have to make sure that everybody has that information. >> reid, you had written earlier this week about sort of, almost like a marshal plan, sort of galvanizing the country. it seems like the easiest first step would be to create a contact tracing army for the country, and there seems to be no interest in the federal government to do this. we're aware that it is going to be harder now to do testing and tracing than it would have been two months ago. but it seems as if there has been no other choice. >> look, senator elizabeth warren and congressman andy levin from michigan have introduced something -- well, they made reference to the ccc, stich the civilian conservation core back in the fdr days. and what we're seeing on a state level, some of these states

before i began i went to extend they were to our witnesses tom friedman president and ceo and former director of cdc in prevention 2009 through sc 2016 doctor rivers senior scholar that hell security an assistant professor in the department of environmental health and engineering at the johns hopkins bloomberg schools of health. doctor friedman will do is perspective of fighting epidemics including leading the cdc response of where we are and what we need to do to protect americans doctor rivers makes a case where the months and years to come we will need additional capacity heea with contact tracing to combat the virus. so glad to have my colleagues here this morning and on the republican side congressman andy harris i do hope we have the congresswoman butler we are all disappointed others could not be here due to flight and the health issues raised the chairwoman and ranking member and congresswoman barbara lee and lois frankel and congressman and tom graves. they could not attend but they did send questions which we will ask on their behalf. i want to underscore member should not

there was a game changing stat yesterday that addresses this, especially tom friedman's opinion, he does not have data. that is when governor cuomo rolls out a statistical report saying 66% of the people in hospitals in new york were stay-at-home people. this is a game changer and people have to wake up. he admitted that he was wrong, the news media is refusing to pick this up. he even went on to say that 90% of the people in hospitals told the researchers -- they went to every hospital in new york the last three days and they said they never went outside of their yard. people have to wake up. the stay-at-home order is not working. host: ok, michael. our viewers, we did cover governor cuomo's briefing. all of our briefings are on our website. even the ones that may not air live and we air them later, you can find them there. the second news conference from the white house press secretary, photo in the washington post. trump reverses and says task force is set to continue indefinitely. an indication midweek that the task force may be wrapping up. here is what the president had to say in t

friedman. in new york, p.m. 9:30 p.m. in london. and this is bloomberg. ♪ tom: good morning, everyone.bloomberg surveillance." later today, dr. fauci before the senate. it will be most interesting to see the tone of the senators and the responses from dr. fauci of holy cross, and obviously the nih, working with the president on this global pandemic. rick lacaille, i look at the entire mix of equities right now. i look at the belief in long-term investment, clearly something that state street is focused on. what is the actuarial assumption of equities, given the new yield that we have. do you have to pull that ever lower, or you can you stay lower or -- middle or high single digits? rick: i think you've got to be low. i don't think you are in high single digits in terms of returns. i think it shows through in the yield curve number real rate expectations of low, dividend cuts on the way. i think we have to be modest. that is still a big premium. relative to risk-free assets, it is a premium worth having. long-run investors should keep that in mind, that compounding 4% risk three or prem