4.5 • 705 Ratings
🗓️ 24 March 2020
⏱️ 10 minutes
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0:00.0 | Welcome to Texas ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:08.7 | Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Dan for Mack. On today's show, PG&E pleads guilty for the campfire and a massive spike in pessimism. |
0:18.9 | But first, reopening America. For the past week or so, President Trump |
0:22.5 | has been emphasizing the need for social distancing and supporting state and local decisions to |
0:27.2 | close non-essential businesses and schools. But then, beginning yesterday, a new message emerged. This |
0:32.5 | shutdown can't go on indefinitely. And the economy should restart sooner rather than later. Weeks, not months. Three |
0:38.5 | things to know. First, almost no leading medical expert believes the coronavirus spread has peaked, |
0:44.3 | nor that it will by this time next week, which is the official end of the White House's 15 days |
0:49.2 | to slow the spread plan. To be clear, President Trump isn't saying for sure that he'll order |
0:53.5 | business back next |
0:54.5 | Tuesday, but he is using that day as a touchpoint for reevaluation. Two, it is unclear if President |
1:00.5 | Trump can reopen American business. Remember, he's not the one who really closed it in the first |
1:05.2 | place. Instead, it was mostly mayors and governors who took the lead, while the White House dithered. |
1:09.6 | And many of those leaders have locked down orders in place that already are scheduled to last long pass next Tuesday, |
1:15.8 | as they've been listening to the doctors who warn that hospitals and other medical facilities |
1:19.5 | could become even more overrun if we stop social distancing too soon, something that would go |
1:24.8 | hand in hand with returning to work in school. Three, the longer we wait to reopen the economy, the harder it may be. But reopening too |
1:32.8 | soon could be even worse, with many folks too fearful to work or to shop, not to mention |
1:37.7 | the risk of reigniting the virus spread, thus leading to yet another shutdown. The bottom |
1:42.5 | line, everyone wants America to reopen, but there's growing disagreement as to when that should happen. |
1:48.0 | In 20 seconds, we'll go deeper with Axios healthcare reporter Caitlin Owens. |
1:51.0 | But first, this. |
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