Do Not Drink the Bleach; Another Round of Relief; Drafting from Home

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 April 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

An accidental post on the WHO website revealed that Gilead’s coronavirus treatment Remdesivir may fall short of the world’s high expectations. Former FDA Commissioner Dr. Scott Gottlieb explains the various Covid-19 drugs in pharmaceutical pipelines and urges the public not to ingest disinfectant while they wait for an approved treatment. Congressman Kevin Brady (R-TX) discusses entitlement costs and the additional coronavirus relief spending package approved by Congress. Plus, the show--or the NFL draft--must go on, even from home.

Transcript

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0:00.0	This is Guacapod. I'm C. M.C. producer Katie Kramer. Today on our podcast, the
0:06.2	multi trillion dollar effort to shore up the US economy got a few more numbers
0:09.9	after the House passed additional coronavirus relief spending.
0:13.0	Congressman Kevin Brady joins us.
0:15.0	There's no question we have poured a lot of cash into the economic side of this coronavirus challenge.
0:23.0	None of that is free.
0:25.0	And remember Remdessefeer.
0:27.0	Gilead's potential coronavirus treatment gave us so much hope just last week.
0:31.0	But the celebration may have been premature.
0:33.7	It was shown not to improve the outcome of COVID patients, and in fact, I think the mortality rate
0:39.7	was similar to untreated and a little bit higher actually.
0:44.0	It's Friday, April 24, 2020,
0:46.4	Squawk Pod begins right now.
0:49.4	Good morning, everybody.
0:50.4	Welcome to Squawk Box here on cnbec.
0:52.6	Joe is live from the NASDAQ market site in Times Square.
0:55.8	I'm Becky Quick along with Joe Cernan and Andrew Ross
0:58.1	Sorck and Andrew I'll send it over to you.
0:59.8	Hey, thanks Becky.
1:00.7	We're going to give an update now on the pandemic numbers. Global cases have now reached 2.7 million with 869,000 in the United States. The death toll in the U.S. is nearing 50,000. Now New York cases hit 263,000 and New Jersey is now at 100,000.
1:19.4	Georgia will begin reopening some businesses. That's going to happen today. That state has the 12th most
1:24.9	confirmed cases though with more than 21,000. Becky.
	...

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