Special Report | Markets in Turmoil: Federal Aid
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 22 April 2020
⏱️ 48 minutes
🧾️ Download transcript
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| 0:00.0 | Hi, I'm C. NBC producer Katie Kramer, one of the voices behind the |
| 0:05.3 | the CNBC Podcast Squackpot. In these times of uncertainty, we want to make sure |
| 0:09.7 | we're bringing you, our listeners, as much information as possible, |
| 0:13.5 | as quickly as we can. |
| 0:15.0 | That's why we're sharing with you now |
| 0:16.6 | a CNBC Special Report, markets in turmoil. |
| 0:19.8 | Listen in. Good evening, I'm Scott Wopner on day 114 of the coronavirus crisis. |
| 0:27.0 | The number of cases now in this country tops 800,000 as the Dow suffers another major drop. All right, welcome. Good to have you with us tonight. Our first look at futures right there. |
| 0:53.2 | Green across the board, but it did follow a tough day on Wall Street, the Dow's |
| 0:57.2 | 600 points drop the index now losing 1,200 points in the past two sessions. |
| 1:01.5 | The S&P 500 and Nasdaq both off more than 3%. |
| 1:05.7 | The Dow led lower today by 5% drops in Merck and Boeing. |
| 1:10.6 | While Georgia is getting ready to reopen some businesses on Friday, many other states |
| 1:16.0 | say they're not there just yet. |
| 1:18.3 | They're not ready. |
| 1:19.3 | Let's bring in the former FDA Commissioner Dr Scott Gottlieb with us once again. Dr Gottlieb, good to have you with us. You said today. the what that was all along that we're not diagnosing all the cases that are occurring. |
| 1:37.0 | We're not diagnosing all the cases that are occurring. |
| 1:40.7 | We're probably diagnosing one in 10 or one in 20 cases. |
| 1:43.8 | And we've been baking that into the models that we've been using. |
| 1:47.2 | We know that there's a good amount of asymptomatic spread anywhere from 25 to 50 percent of people develop |
| 1:52.4 | asymptomatic illness. |
| 1:53.6 | Most people figure it's around 30% that are asymptomatic. |
... |
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