Speaking from the White House rose garden

Interesting that Dr. Fauci is wearing a mask.

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Spot gold is trading up $18.30 or 1.06% at $1748.60

WTI crude oil futures for July contract is trading up $1.33 or 4.77% at $29.21

2 year yield is up 0.147%, unchanged

10 year yield is at 0.6396%, +1.7 basis points

Pres. Trump

Headlines from Pres. Trump:

  • almost every state has taken steps to start reopening
  • testing, vaccine key parts of reopening plan
  • FDA has approved 130 therapies for trials
  • announces "Operation Warp Speed"
  • objective is to develop and distribute a proven coronavirus vaccine
  • would like to have vaccine by the end of the year
  • The initiative will bring together the Department of Health, Department of Defense for logistics
  • Trump announces the addition of immunization vaccine specialist Dr. Sluoii and General Perna to join Operation Warp Speed
  • Gearing up for the distribution of the vaccine on the assumption that will have a vaccine before they are approved
  • will eliminate any unnecessary delays in distribution
  • working on 14 potential coronavirus vaccines, seeking to narrow list further
  • looking to distribute vaccine at scale
  • will help distribute vaccine if other countries develop 1st
  • vaccine are no vaccine, were back
  • developments also happening on therapeutics front
  • thought CDC guidance was very good for the states and businesses
  • no concerns about Abbott virus tests. It is very quick testing and can be retested.
  • Looking at full vaccine for whoever wants to get it
  • Gave officials at news conference choice on wearing mask
  • Companies not looking at profits
  • Schools should be back open in the fall
  • Have a great plan to prevent spread after reopening
  • Assume statistics on virus mortality accurate
  • This virus should've been stopped in China

Press conference ends:

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  • Dow industrial average trading down -43.82 points or -0.19% at 23581.52