Speaking from the White House rose garden
Interesting that Dr. Fauci is wearing a mask.
- S&P index -6.13 points or -0.21% at 2846.37
- NASDAQ index -6.101 points or -0.07% at 8937.62
- Dow industrial average -56.86 points or -0.24% at 23568.48
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
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:
- S&P index is trading down 1.82 points or -0.6% at 2850.68
- NASDAQ index trades up 30.52 points or 0.34% at 8974.24
- Dow industrial average trading down -43.82 points or -0.19% at 23581.52