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tv   MSNBC Live With Ali Velshi  MSNBC  February 28, 2020 12:00pm-1:00pm PST

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than now and then suddenly heard from the chair of the federal reserve and for a moment it looks like things were going the other way but there's more about that and talking about the all-important south carolina primarys that are tomorrow morning and the final preparations for that day make or break for some candidates and for others it is about keeping the momentum. of course, all of the stock market confusion and fear is bauftd spread of coronavirus. we have at least one case in california where we do not know where that came from. in other words, may be the first case of community transmission where somebody got coronavirus not from someone they knew. experts there are still trying to get a handle on it. health officials said it's only a matter of when, not if, that is going to happen and changes the dynamic and for once in our lives this is actually what's playing out in the stock market. i want to bring in my partner, when things like this happen, we have to talk about these kinds of -- >> a time of crisis we get
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together? >> right. stephanie, a couple things. one is the market has not behaved in a panicked fashion and that's hard to explain to people. we have lost 4,000 points this week. to most people that sounds like a panic. logging in to the 401(k) it looks panicked. the market is not panicked. i don't know if i want to be in the market or go into the weekend in a market i don't understand. >> okay. that is super important because people keep saying we haven't seen a week like this since the financial crisis. >> which is true. >> from the fed, fundamentals still look good. that's wildly different from where we were in 2008. >> when they didn't. >> correct. >> in 2008 that was a recession. economic fundamentals didn't look good. there is one distinction. you have been bringing it up for a couple days. america exists on consumer confidence. right? >> ding, ding, ding, ding! >> if they suddenly think that going to mall, out for dinner gets you coronavirus that is what's starting to worry people.
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>> it is good to see measures taken from corporate america, evenings, from governments. but it could be the precautionary measures that end up hurting the economy more than anything. this is a situation where no new isn't good news. the lack of clarity has investors not saying this is a doomsday scenario but simply saying if i don't know when's going on out there i step out and the way the white house is communicating, we know at best they were plat footed three days ago when mcmaster left the white house he left with tom bossert focused on situations like this. sense he left that job hasn't been filled in so we had a few days of poor communication from the white house and then when you're hearing from the president or larry kudlow kind of advising on what to do in the stock market or larry kudlow saying things like supply chain won't be disruptive, investors know that's not true. >> right. >> he doesn't know that information. people are looking for is
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information so they can make good decisions. >> supply chains, a number of companies, if the control room can put up the industrys that have done the worst in the last week since september 19th and coronavirus became a big thing and the one that is did the best are still down. everything is down and looking at the ones that did the worst, energy, oil prices collapsed because there aren't as many planes flying around. demand goes down, energy goes down. transports. consumer discretionary. things you don't have to buy. but you can put off until later. >> changing the behavior. >> right. look at the ones that have done well. real estate. consumer staples continue to do well. health care, spending more on health care. so that's the behavior that we're seeing. it is not -- i guess as my larger point, not irrational. >> in. >> some things not doing as badly and others doing badly
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because planes aren't flying to china. >> but that's also yshfeel -- y could see things turn green because, again, we don't know the fundamentals. getting more information in the coming days or weeks from the government that maybe it's not spreading as far as we think or it will be more contained you could see things turn around. >> one thing to show people, i think i have a chart here that goes back to the beginning of the dow. the dow jones industrial average in the 1800s. >> when you had hair. >> i had hair. this is just important. there are people who have decided out of the market and not going to work. i want to point to the moment that the market thing goes down. that chart basically up since the beginning with little interventions like the great depression. the recession. but they come back. i remind people. i was here when the stock market opened after 9/11, september i think 17, 2001. took a month for the losses to come back. it is not existential. investors are not done.
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looking at the pattern of trading, goes down an people buy up and then goes down again because more people get worried and sell and buy up and a market where there are still buyers here. >> without a doubt. >> not all sellers. >> two days ago warren buffett saying he can't yet quantify the risk with coronavirus but it's not something that gets him panicked about the investments. making investments, he makes them for the long haul f. you like a business today, you are most likely going to like it five years from now. if consumer behavior is changing in the short term, well then, from short-term investing that could be a change and we could see all of this impact the election. >> yes. so there's a short-term effect and if you're not a short-term investor, worry less. if your horizon is shorter, worry more. we'll talk about this at the end of the show, as well. >> this is all about corona and the president's overstating that this is about the democratic primary. but it's not not about the democratic primary. investors here without a doubt
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are keeping one eye on south carolina, on super tuesday. the bernie sanders surge that we saw over last weekend did contribute to the market. >> didn't like that. >> it is not an absolute -- the president's not absolutely wrong here. >> all right. we are going to talk about this later on. i want to go to ron allen because we have a reported case of coronavirus in new york city. i don't know the details about this. ron does. what's the update? >> reporter: as i understand this, someone being tested and awaiting test results there. i have not heard of a confirmed case as of yet. as many eight people here who have been tested or gone through a testing protocol and can't be tested and xleetded here, that's a problem and been negative so far. that again is one of the big problems that new york is not able to conduct a complete test here yet. today just in the past couple of hours it is announced by new jersey and connecticut they're now able -- they have laboratories to do a coronavirus test and get reliable results.
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as you know, some of the test kits that the cdc sent out weeks ago have proved unliable arelia that's a big issue as everyone tries to understand the scale of this problem and what it will become. right here and in other major cities everyone is saying that the risk is low. but of course, there are warnings to get worse. so the word now is preparation, not panic. here in new york, for example, they have set aside as many as 1,200 hospital beds in case there's a need for -- to treat patients. they have given away more than a million masks to health care workers and stockpiled other supplies that might be needed if in fact there's a big impact from the disease here. but of course, no one knows yet but everyone is being prepared and i think the reality of this is starting to hit people in the united states like said a little while ago yesterday i went to a doctor's appointment and the first question is had i been to
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a foreign country in the last weeks or so. obviously, to determine if i had been exposed. people are thinking about the summer vacation plans, spring break plans for the kids and whether they want to travel and where they might not want to travel but again the bottom line is here the word is be prepared but don't panic. but they really do want to get the test protocol thing squared away because if, in fact, a lot of cases -- potential cases turn up, you don't want to wait 36 hours to 48 hours to determine the outcome of it. there's concern of wider screening at the airports and something to talk about later on. that's where things are now here, ali. >> all right. so i appreciate you clarifying. we don't have a confirmed case of coronavirus. we have a confirmed instance of someone being tested in new york city and in theory there could be a bunch of people being tested for coronavirus. is that correct? >> reporter: there are several hundred people here and several more, thousands i believe on the west coast who are being
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monitored who are self -- >> monitored. >> reporter: people who returned from china or asia. and as i was just saying, that's a big concern here that the mayor deblasio expressed that he wants to see wider screening at jfk airport, other airports across the country because we know that the disease spread past china. the person who was being undergoing testing protocols now arrived from italy, for example. a lot of concern about where this might go. again, the word is caution, be prepared. don't panic. ali? >> all right. thank you for that. ron allen for us in new york city. i want to bring in dr. natalie azar, medical correspondent and a viralologist. angela, i want to ask you about what you think about the protocols in place and the guidance people are being given. i think those are two separate things.
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right? might be good protocols in place but people like me and the viewers sort of rely on public statements that people are making, not everybody is going to the cdc or to you guys at columbia. what is your sense of how we handle this from a sort of a political structure perspective? >> i think that politically the way that this epidemic has been addressed has been really dangerous. the president two days ago at his press conference said that it's nothing to worry about but now there have been reports that all communication from the cdc and the nih has to be routed through the vice president's office as he's the coronavirus czar. and this makes it very difficult for people to get accurate and reliable guidance on how to proceed. >> natalie, we have got you here for that. i am within of those people an i'm sure every one of the viewers are those people online to find out about symptoms and masks and the fact is there is more bad information out there than good information an the nature of the internet these
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days. what in your opinion given that you have a platform, what do you tell people to think about this and do and watch for to protect themselves and get a sense of how this is unfolding? >> right, right. i'm feeling questions from frenlds, family, patients 24/7. no masks, they don't work to filter viral particles. we need to really save our resources for the particular respirators for the health care workers. hand washing is best defense. 60% alcohol containing sanitizer is everybody's back pocket. but, you know, to what ron was saying, prepare, not panic. i think there's some mixed messaging going on. this is definitely very, very newsy right now someone tested here because based on the new cdc criteria for testing this would have to have been an individual when's hospitalized with these lower respiratory symptoms who traveled to one of
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the five countries of an outbreak. the tier up from that, a person can get tested if they're having mild symptoms and not in the hospital an come into contact with a laboratory confirmed case and then the severest scenario where people are now able to get tested, ali, is if you're hospitalized with severe respiratory disease and all other etiologies are ruled out. you are a candidate for testing without having contact or travel yourself. this is very important because this is a new situation now that we can get these patients tested. this was not case obviously with the california patient that we -- really set the ball rolling. >> angela, obviously, the testing and the expanding of the testing hhs secretary alex azar talking about by monday there's more ability to test across the country and faster. that will help. as soon as somebody finds out of
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a case of this or someone at the workplace tested or out there, the behavior of americans is going to change. what does that -- how do you think about that and what we should be doing when we start to hear about community transmission? >> i'm concerned about the level of panic that people might have upon hearing a colleague or family somebody is potentially exposed. the reality about this virus what we know so far the case fatality rate around 2%. that could change as we identify more cases. but if people are all rushing to the hospital demanding to be tested, treated, hoarding masks and medical supplys that are needed for health care workers that's going to cause a tremendous problem for the people who do need that hospital care. that 2% of people who will be at risk of higher disease severity and higher mortality. >> angela and natalie, thank you both for helping us understand this a little better.
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this is a thing that doesn't matter how well read you are, if you don't understand how to react to this it's not just a matter of having pure data in front of you but thinking of what to do for you, your family, the workplace, the employees. we appreciate your time to explain that to us. next, going to south carolina, see what's going on there. a number of candidates like bernie sanders, this is keeping up the momentum and for joe biden this was the firewall everyone was talking about and if he didn't do well in the early primary states. south carolina could be make it or break it for joe biden. that's on the other side. ause ] thank you. it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. i love you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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i'm ali velshi back at the new york stock exchange where we are covering the coronavirus fears and they're acting on investors sentiment. causing the fifth day now of a market downturn. want to talk about the south carolina primaries. tomorrow south carolina votes. it is by far the biggest state voting so far and the most diverse state.
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for bernie sanders, this is an opportunity to maintain the momentum that he's got as the front-runner. for other candidates it is about keeping the candidates alive and for joe biden performing the way he's been expected to perform in south carolina. for those that thought he wouldn't fare well in the early states, south carolina is thought of as a firewall for him. i want to bring in the first lady of new york and has announced to support bernie sanders. thank you for being with us. i appreciate you joining us today on the show. >> hello, ali. >> i want to talk to you first because we're here worrying about how the president is handling this coronavirus situation. i want to know whether you and the sanders campaign discussed this kind of idea because coronavirus may be with us longer than the rest of this campaign is, believe it or not. what would a president bernie sanders do about this? the first answer is medicare for all but that's a few years before we actually get there. so give me a sense of how a
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president bernie sanders would respond to the situation we're in right now with a lot of fearful americans. >> well, ali, first of all, he would be speaking to the people. all around this country some people are panicking, not understanding that this country is really very well situated to handle a public health emergency. we have got some of the best health professionals and emergency management systems in place. we are ready. we are ready in new york city. we've got beds, 1,200 beds. we know what we're doing. a president sanders, though, understands that quality, comprehensive mental health care is necessary for all people which is why i'm here to support him to, support him as a presidential candidate because he gets it. you know? i'm a mental health advocate. i veer back to that because it's just ridiculous that we don't have a mental health or behavioral health system in this
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country. we have 5,000 shortage areas. 5,000. that's ridiculous. and a country of this size and strength in 2020 we should be -- we should be better able to give people the essential services they need. this is no excuse for it. bernie gets it and why i support him for president. >> so here's the question. this is interesting to you because your husband's the mayor of a big city. so there's really, you know, there's this gap between what people think and what they want and what they actually get done. and that is one of the criticisms that bernie sanders faces about these grand plans that he's got. how will he get them implemented? the fact is obamacare not nearly as far reaching as medicare for all, not only a hard time getting done but, i don't know, i have lost count of how many efforts to try to undo it and it is now sort of a shell of what it used to be. how do you think about that from
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a bernie sanders perspective, getting it actually done? >> look. i know it is important to have a grand plan and be ambitious. set your sights high so that you can get what you can. bernie, bernie has been thinking about this for a long, long time. it's because of bernie that we had $11 billion added to the aca, the affordable health care plan to cover 28 million more people. to make sure that they had comprehensive health care that included primary care and vision and dental, mental health care. bernie totally gets it. you have to aim high. he's not going to stop fighting for the best. if you settle now you're only going to get less than what you want so i'm for bernie. he is a straight shooter, doing this for a long time. and he doesn't compromise. >> thank you for joining us, first lady of new york announcing support for bernie sanders. i want to talk about joe
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biden now in south carolina. joining me is a biden campaign surrogate, was a candidate of governor in south carolina in 2018. margaret, thank you for being with us. look. i think there's probably nobody who goes into south carolina with greater expectation and anxiety of how to turn out than a joe biden supporter because there was concern he might not do as well in iowa or new hampshire or nevada but oerve said by the time he gets to south carolina it is all going to be great and a lot of that on the backs of the 60% of the voters african-americans who support for joe biden was very strong. that has since weakened somewhat. do you think will happen tomorrow? >> well, ali, thank you for having me on this afternoon. i am a strong joe biden supporter and like to say hello to the first lady of new york city because i used to be the first lady of florence, south carolina. a much smaller venue and i know from knocking on over 80 doors in florence on sunday what's
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going to happen. there's going to be what we're viewing here as a landslide victory for joe biden. everyone that i talked to out of 80 homes was either biden supporter or on the fence slisl committed side and then they said they would vote for joe. >> of course, joe biden comes with different experience having been the vice president during critical incidents. there's conversation and real criticism of how donald trump handling this, handing it over to mike pence to be in charge, a guy that didn't think needle exchanges were effective in stopping the transmission of diseases, provably false. how would joe biden be addressing a very fearful nation this evening? >> i think what he would do first and foremost is he would focus on the truth over the lies. he would speak directly to the
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american public and be very clear and compassionate and calming. we, of course, live in a smaller poorer state than some. we are not completely ready for a national pandemic or an epidemic of this sort. we don't have good rural health care, for example. we need help, we need advice, we need a calm voice directing us as to what weshld a should and shouldn't do. joe biden would be that person for us here in south carolina to give us the direction we need to make sure that we don't become any sicker than we should be. again, we are poor here. we don't have a lot of hospitals in places where there's likely to be a lot of sickness. we need to know what to do. we need a strong cdc and we need to hear from the president with regard to these matters and that's what joe biden would do. >> margaret, thank you for taking the time this afternoon. i have been through florence several times in my career and
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it is a beautiful place. thank you for being here. >> thank you, ali. >> a surrogate for joe biden. looking at markets. i can't believe i'm saying this. stabilizing at 2.75% down. we'll tack about how coronavirus affecting the thing that is you buy as stephanie and i said, we are a consumer society. and a lot of the things we're importing having trouble with coronavirus. jo ling kent joins me from a port where she has an eye on this. >> the u.s. economy is holding up relatively well. now, this can change. i don't want to belittle it. i don't want to make forecast. we'll see the next few weeks will be very important but right now i do not think people should panic and be measured and calm. they should listen to what their doctors, friends and neighbors are saying. and i don't know. stocks are pretty cheap to me. at fidelity, we can help you build
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mike bloomberg: a record on health care nobody can argue about. mike: i'm mike bloomberg and i approve this message. live pictures of the white house driveway. we are expecting a comment from maybe a briefing from hhs secretary alex azar on the unfolding coronavirus. i'm here at the new york stock exchange where we're watching markets struggling in the last
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hour to try to not make it another day with a four-digit drop. right now down about 900 points. i want to go to jo ling kent because a big issue in the country is the stuff we get, the stuff made in other countries, particularly in asia that comes into the united states. this is a major concern for american businesses because if they can't get the stuff to the shelves americans can't buy it. jo ling, what are you seeing? >> reporter: we are at the port of long beach, ali, where things are a lot quieter than usual. in fact, the executive director of the port of long beach saying they expect ship sailings from china, the cancelations, to be up 25%. that would be more than double what we saw this last year at this exact same time. and right behind me is all you need to see to understand this. it gives you a full picture. that birth, two births right now, usually full of two large container ships from china. the executive director tells me that is not happening and
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completely empty because of the cancelations. then over here to my right is the rest of port of long beach. you continue to see how empty and quiet it is. especially for this particular time of the year. and wells fargo, an analyst there estimating that the big box stores are going to be the ones that will be hit the hardest and soonest, potentially mid-april with the empty store shelves or out of stock online. walmart, target, dick's sporting goods and the economic impact after the supply chain and the shipments and everything is ready in a factory, even if it's open it hits right here in the port of long beach and the port of l.a. right across the way and feeling coronavirus right now. >> i have to ask you at a port of the world are most international places you can ever be because it's sailors and people getting off the ships so if you're worried about people from around the world spreading coronavirus, are things at the port doing itself, port employees doing to prevent the
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spread of this disease from people who don't know they were exposed to it? >> reporter: yes. the federal government and the coast guard meeting ships coming from china out at sea away from the port and those individual who is usually are able to come into harbor to make use of the facilities here are being kept on the ships so they're being taken care of by the coast guard but what's also very interesting, ali, right now dock workers are not coming to work at the same rate with the ship cancelations. seeing a reduction of 50%, 50% fewer dock workers working every day because of the coronavirus. >> so this is a really interesting point. we are going the talk about this on the other side of the break. jo ling kent for us at the port of long beach, the busiest port in the nation. we'll talk about how that plays out in your workplace. what happens when you hear that a colleague is sick, when you hear they're tested for coronavirus? how are america's workplaces,
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62% of all american gos to a workplace. how are they dealing with that? you're watching msnbc. >> are you going to see some schools shut down? probably. may you see impacts on public transportation? sure. we do this. we know how to handle this. so that's one of the thing that is you -- that's the message you try to get out. there are professionals that know how to handle this and doing the very best that we can.
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i'm back here at the new york stock exchange. keeping a look on markets. struggling to not collapse in the last half an hour of trading and more impressive performance than the last few days. off 850 points. that shouldn't be a success but we are not down 1,000 points and in the last few days we have seen a dramatic sell-off in the last half an hour of trading. i want to entry in diane swonk. two of the thing that is we don't always talk about with you is that part of your business is
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talking to other businesses about how trends are affecting them and what they need to do and then you have studied labor economics and really understand how workers are affected by things and both of them come together right now. 60% of all americans go to work, they have got jobs and that means that they're all thinking about this, wondering about how it affects them. what are you thinking about today? >> a couple of key issues is how many businesses have canceled meetings that are even internal meetings and are now doing them virtually. many businesses i know started to advise worker it is stay at home with symptoms whatsoever before it's coronavirus symptom just to not infect other people. i have seen smaller businesses in particular talk about how much they can do virtually. that's all great if you're a business to still stay connected and continue to work and if you're a salaried worker that's fine. an hourly worker that services the businesses the damage is
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quite substantial because you don't have people at the lunch counter for that lunch or buying services when you go to a major resort area for a meeting. all of those things are being impacted very rapidly and seeing layoffs to that and lost wages. in addition to the supply chain disruptions that you mentioned earlier which again also affect hourly workers in production plants and slowing them down, as well. the that's a blow to wages and the damage to the hourly workers that service the white collar workers. >> so much of economics is not science. it is psychology. i've been thinking back to the experiences we have had that would dictate how we should respond and not like 9/11 where market problems were eliminated after a month. the losses from 9/11 came back after a month. americans realized it wasn't existential. this is different because it's by haifrl to employees,
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behavioral to companies and the decisions to make. do we have any real experience of what policies we should have to deal with this? >> we don't have many policies deal with. the world bank put out a study on epidemics that we have discovered because it's very important because it gets to just that exact point. 80% to 90% of the economic losses surrounding these epidemics in general like ebola crisis of 2014 is due to behavior alone and the problem is the very efforts we use to contain the spread of a virus like shutting down public -- going to a public arena, shutting down conferences, having people stay and work from home, all of that -- quarantined, shutting down schools, a real economic cause to contain the viruses, the efforts cede fears out there and it's a behavioral negative feedback loop and the policies we have just aren't very well
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suited. the best thing to do is have information, knowledge about what keeps us safest in terms of is it wearing a face mask, washing our hands? how dangerous or not this virus is and what things to do to best prevent the spread of the virus in normal situations so we don't have to cut everything off. >> these are the moments in which people who understand economics really understand the connection between human behavior and the study of human behavior as it relates to the economy. diane, thank you for joining me. we'll talk in the coming days. chief economist for grant thornton. we're going back to south carolina. we're talking to voters of what's on their mind. you're watching msnbc. cking it . you pick it up! i'm not picking it up! i'll pick it up! they're clean! (raps) 'cuz my hiney's clean. oh yeah i'm charmin clean. charmin ultra strong just cleans better. enjoy the go with charmin.
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all alright, get it! blow it up! that's what i'm talking about. except that's my seat, so. all right, so maybe after the movie let's talk about that bedroom of yours! when was she in our bedroom? breaking news. moments ago alex azar spoke at the white house. here he is. >> the time with you today. we had a pen and pad earlier. i have got my corona task force that i have to go chair right now so we do that every day. i have to run off and get that done right now. you got your chance already! sorry.
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>> diagnostics and the -- >> yeah, yeah. >> talk about testing. how quickly -- >> yeah. so just really quickly. as you know, on wednesday, there was a 15th case that was diagnosed here in the united states. this is an individual in california. this is a potential community transmission case because we do not have an evidence source of how she was infected, no contact we know of that we can trace immediately to a travel from wuhan. we are deployed. the cdc, local public health aggressively working now to determine the source of her infection as well as to contact trace the individual she has been in contact, this is what i told you about. blocking and tackling of public health. this is what we do when we have a case. so that's on that individual. and then on the -- >> travel -- >> i said we do not know how she got her infection. i want to be very clear. when one doesn't know, one
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doesn't speculate on how -- how she contracted her infection. we are investigating that right now. we think that unlikely given the timing. but we need to be very careful about what we say about anything regarding science and evidence in public health. the other question you had was on diagnostics. so on wednesday night, the test that we have had three steps to it that the cdc developed. three steps to it. on wednesday night, the fda determined that that third step which was causing some labs to have a bit of difficulty doing their own quality control and validation of the test in their labs and had kept us at the cdc and 11 other labs to do the test, no backups in the testing, but we want do get it throughout to more places. on wednesday night the fda authorized the use of the first two parts of the test and authorized to be used so that enabled 40 labs to immediately begin testing with the first two
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parts of that test and that they believe provides adequate quality control. we also will very soon through the fda be rolling out streamlined guidance that will allow private labs to be able to create their own test based on essentially the recipe that the cdc has used in their test kit and get it out very soon and then private labs throughout the country will be able to come forward and get very streamlined access to be able to approval by the fda to be able to use that test to really enhance the capacities that we have here in the united states on testing. so apologies. i have to got to get to run the task force. thank you very much. >> health and human services secretary alex azar talking about they don't know the prove innocence of the case in california. they don't know where that person got it. they're still trying to figure that out or figure out whether
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it's a first case of community transmission and the other thing is remarkable increase in the number of testing facilities and kits out there starting next week which should help authorities get a handle on how widespread this is in the united impact on markets right now with under 15 minutes left to go in trading. want to go back to south carolina. what we've been talking about is the more than 60% of democratic voters who are african-american. tremain lee went to south carolina, went to talk to people in some of the african-american communities and they think they're actually being ignored by the presidential candidates. >> reporter: any town south carolina is the kind of small, no-stop light town you'd miss if you blinked. just 60 miles north of charleston but a world away. a place where everybody knows -- >> everybody know everybody. everybody be at one plar house
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for basketball, football, baseball. we did it all. >> reporter: the list of don't haves is long. they don't have a grocery store, they don't have access to public transportation or adequate housing. >> they store and a lot of things ain't the same. >> reporter: sharon simmons has lived here all of her life. she raised two children here, was married and divorced here and never lived more than seven miles from the home she was raised in. she says many black voters feel politicians have given up on them. >> only time you see the politicians is when it's time for re-election. if year having something and we invite them, they'll show up. but other than that, you won't see them. >> reporter: it could be the same rural voters that decide south carolina. 60% of the electorate is black.
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and while candidates have spent lots of time in bigger sities, much less has been spent in rural places likeedy town where black voters out number whites 2 to 1. at bible school congregates made a claim, they've lost faith. in a smaller black rural community like this, does it seem you're often overlooked by presidential candidates or international figures? >> they don't think dmg nothing but us in the country. >> they just want your vote. and condition how the people living. >> and believe and i push it during the election all the time and tell the people they need
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vote because every vote counts. >> how many of you plan on voting? this election will make a difference in your life for what? it's a family affair. she's joined her brother, brandon. >> and we do breakfast to give breakfast to the voters and tell us what that is libeling. >> i can't believe we asked if that was a meaningful change in their lives. and any specific proposals for african-american ecthaumic empowerment. mike bloomberg's green
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initiative and believe there is meaningful change out of the focus candidates have with african-american voters. >> when we're talking to folks with every day issues and streets are unpaved and housing and health care and all the issues you deal with every single day, they might not have have access to the folks on the national stage aren't going to the communities. and out in the sticks to engage with voters. so, whether the plans have teeth or not, whether they'll help the lives of folks or not,if they don't see your face or hear your message, they feel there's a disconnect. even those committed to the process feel at the end of the day they're not getting anything in return.
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>> tremain, what do the efforts look like? people think politicians don't work for them. what's the effort looking like to get people to say have a vote and have a say in the process? >> you know, a lot of times it's from the grass roots up. sharon simmons and her brother, brandon, who are working in the community to inspire folks foomake change on their own or come together and voice their concerned and hopefully someone high above will hear them. again, they feel left out and abandoned. so, so much of the messaging is left to them and the young folk whose say why should i give my energy, my attention and my enthusiasm to folks who don't give that back in return? so far it's a grass roots effort. >> in south carolina. thank you. of course tomorrow is that primary in south carolina.
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it's the most populous state to hold a primary and by far the most diverse state and a majority of the primary voters are going to be african-american. and the place bernie sanders wants to get another win to keep his momentum as the frontrunner. and joe biden needs a win to prove he can be a contender going forward. it's make or break as well. super tuesday is on tuesday a few days later. we're going to have one-third of l the elected delegates going the democratic convention chosen. it doesn't feel like the year that led up to iowa and new hampshire. but the next few days matters more. believe it or not we're down 2.2%. only about 59600 points. this market is really struggling. despite the fact that for seven days we've seen losses and it looks like everybody wants to
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get out of the stock market. what you've really been seeing is a tug of war with people saying is it over? and they're trying to figure out what the signs are telling them. i want to get a history of the dow jones. i got a graph that answer as lot of questions about getting out of the market. this is the history of the dow jones. that is generally up. and the biggest one, by the way, is the great recession. i want to remind you they sometimes take a few years to do it. the market bottomed out march 9th, 2009. i don't know whether coronavirus is as big as the recession. the resession was big structural things going on in the world. i want to show you just how it looks. now, i want to look at the top
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ten dow point drops. let's say we're down 600 points. we're not even close. we wouldn't eveningen ma make t ten today. we had a couple below a thousand. now, let's look at percentages. you shouldn't be thinking about point drops, you should be thinking about percentages, because obviously the base number changes all the time. we're off 2%. doesn't make it anywhere close to the top ten point drop. we've been 3% for five days or something like that. so, that makes this the worst week since the great depression -- great recession, i'm sorry. i want to go to my friend from cnbc. you remember the week that ended october 10th, 2008. and by the way, we didn't know when the dow was down, that was the worst of it. we had people who said we don't know if it's over.
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there were peep whl the bottom came out of the market who didn't know that was the bottom. and that's exactly the problem today. no one knows who's right. >> and listen, from "the washington post" reporting eliminating tax cuts -- the federal reserve said while the economy is strong, they'll do what it takes to keep it strong. so, typically that would spark a rally, which is did off the lows. we were down nearly a thousand points in the final hour of trading. we've cut those losses in half. there's at least a slightly positive response to fiscal s m stimulus potentially in the pipeline. shouldn't we start to see
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schools close in the u.s.? or other issues with respect to the coronavirus? will that be enough when the rest of the world has been weakened by this virus? >> that's it . there's the bell and a whole lot of cheers going on, not because the trading day is over but because this week is over and these guys get to go home. closing down just o1 1/3%. . hi, everyone. it's 4:00 in new york. the stock market is down nearly 400 points at the close over fears of the spread of the coronavirus. at the end of what's been the worst week of wall street since the financial crisis of 2008. this is the world health organization describes the risk as, quote, very high. quote, this is a reality check for every government on the pl


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