Practice English Speaking&Listening with: Disconnect From Scientists, Trump On Coronavirus Continues | Morning Joe | MSNBC

NEWS AMERICA. AND ASSOCIATED EDITOR FOR THE

AND ASSOCIATED EDITOR FOR THE "WASHINGTON POST" DAVID IGNATIUS

"WASHINGTON POST" DAVID IGNATIUS IGNATIUS.

IGNATIUS. EDITOR FROM THE "TIMES" ALSO

EDITOR FROM THE "TIMES" ALSO JOINS US.

JOINS US. >> THERE CONTINUES TO BE A

>> THERE CONTINUES TO BE A DISCONNECT, DAVID IG IGNATIUS.

DISCONNECT, DAVID IG IGNATIUS. ACTUALLY, LET ME GO TO JONATHAN

ACTUALLY, LET ME GO TO JONATHAN LEMIRE, WHITE HOUSE REPORTER.

LEMIRE, WHITE HOUSE REPORTER. THERE IS A DISCONNECT BETWEEN

THERE IS A DISCONNECT BETWEEN WHAT WE’RE HEARING FROM THE

WHAT WE’RE HEARING FROM THE SCIENTISTS AND WHAT THE

SCIENTISTS AND WHAT THE PRESIDENT OF THE UNITED STATES

PRESIDENT OF THE UNITED STATES IS SAYING.

IS SAYING. FROM THE BEGINNING, THE

FROM THE BEGINNING, THE PRESIDENT WAS SAYING IT WAS ONLY

PRESIDENT WAS SAYING IT WAS ONLY A HANDFUL OF PEOPLE, 14, MAYBE

A HANDFUL OF PEOPLE, 14, MAYBE 15, WHO WOULD BE DOWN TO ZERO IN

15, WHO WOULD BE DOWN TO ZERO IN A WEEK.

A WEEK. THE CDC WAS EXPRESSING REAL

THE CDC WAS EXPRESSING REAL CONCERN AT THE SAME TIME.

CONCERN AT THE SAME TIME. THE PRESIDENT TALKED ABOUT THE

THE PRESIDENT TALKED ABOUT THE CORONAVIRUS GOING AWAY IN APRIL

CORONAVIRUS GOING AWAY IN APRIL MAGICALLY WHEN THINGS GOT

MAGICALLY WHEN THINGS GOT WARMER.

WARMER. HE SAID IT WAS GOING TO GO AWAY

HE SAID IT WAS GOING TO GO AWAY MAGICALLY AND DISAPPEAR, WHILE

MAGICALLY AND DISAPPEAR, WHILE HIS SCIENTISTS WERE AGAIN

HIS SCIENTISTS WERE AGAIN WARNING AMERICANS.

WARNING AMERICANS. YESTERDAY, THE PRESIDENT OF THE

YESTERDAY, THE PRESIDENT OF THE UNITED STATES WAS SAYING IT IS

UNITED STATES WAS SAYING IT IS ALL UNDER CONTROL, WHILE HIS

ALL UNDER CONTROL, WHILE HIS SCIENTISTS ARE ALL SAYING THE

SCIENTISTS ARE ALL SAYING THE SAME THING, IT IS GOING TO GET

SAME THING, IT IS GOING TO GET WORSE.

WORSE. WE DON’T KNOW HOW BAD IT IS

WE DON’T KNOW HOW BAD IT IS GOING TO GET.

GOING TO GET. YOU EVEN HAD SOME IRRESPONSIBLE

YOU EVEN HAD SOME IRRESPONSIBLE MEMBERS OF CONGRESS, REMARKABLY

MEMBERS OF CONGRESS, REMARKABLY ENOUGH, REPUBLICANS, OF COURSE.

ENOUGH, REPUBLICANS, OF COURSE. I HAVE TO SAY THAT, SADLY AS A

I HAVE TO SAY THAT, SADLY AS A FORMER MEMBER, SAYING, OH, GO

FORMER MEMBER, SAYING, OH, GO OUT TO YOUR RESTAURANTS.

OUT TO YOUR RESTAURANTS. >> GOOD LORD.

>> GOOD LORD. >> DEVIN NUNES SAID, GO OUT TO

>> DEVIN NUNES SAID, GO OUT TO PUBS.

PUBS. THAT IS THE WORST ACTUAL ADVICE

THAT IS THE WORST ACTUAL ADVICE I’VE HEARD SINCE A MONOLOGUE WAS

I’VE HEARD SINCE A MONOLOGUE WAS PUT ON A CERTAIN NETWORK,

PUT ON A CERTAIN NETWORK, SUGGESTING THAT THIS WAS ALL A

SUGGESTING THAT THIS WAS ALL A GREAT HOAX TO TAKE DOWN THE

GREAT HOAX TO TAKE DOWN THE PRESIDENT OF THE UNITED STATES.

PRESIDENT OF THE UNITED STATES. SO YOU HAVE THE CDC DOCTORS,

SO YOU HAVE THE CDC DOCTORS, SCIENTISTS, EXPERTS FROM ACROSS

SCIENTISTS, EXPERTS FROM ACROSS THE WORLD SAYING ONE THING, AND

THE WORLD SAYING ONE THING, AND THEN YOU HAVE THE PRESIDENT OF

THEN YOU HAVE THE PRESIDENT OF THE UNITED STATES COMPLETELY

THE UNITED STATES COMPLETELY DISCONNECTED FROM HIS OWN STAFF,

DISCONNECTED FROM HIS OWN STAFF, SAYING QUITE ANOTHER.

SAYING QUITE ANOTHER. WHAT’S GOING ON INSIDE OF THE

WHAT’S GOING ON INSIDE OF THE WHITE HOUSE?

WHITE HOUSE? TALK ABOUT THE BATTLE, ACTUALLY,

TALK ABOUT THE BATTLE, ACTUALLY, FOR THE HEART AND SOUL, NOT OF

FOR THE HEART AND SOUL, NOT OF THE COUNTRY, BUT OF THIS

THE COUNTRY, BUT OF THIS ADMINISTRATION.

ADMINISTRATION. >> LIFE HAS CHANGED IN AMERICA,

>> LIFE HAS CHANGED IN AMERICA, AND THE PRESIDENT DOESN’T WANT

AND THE PRESIDENT DOESN’T WANT TO ADMIT IT, JOE.

TO ADMIT IT, JOE. THAT’S WHERE WE ARE RIGHT NOW.

THAT’S WHERE WE ARE RIGHT NOW. HE HAS -- IT IS ONE THING FOR A

HE HAS -- IT IS ONE THING FOR A COMMANDER IN CHIEF, FOR THE

COMMANDER IN CHIEF, FOR THE EXECUTIVE OF THE UNITED STATES,

EXECUTIVE OF THE UNITED STATES, TO PREACH CALM, TO BE

TO PREACH CALM, TO BE REASSURING.

REASSURING. THAT’S OKAY.

THAT’S OKAY. THAT’S PART OF THE JOB.

THAT’S PART OF THE JOB. BUT IT IS VERY DIFFERENT RIGHT

BUT IT IS VERY DIFFERENT RIGHT NOW FOR THE PRESIDENT, WHO SEEMS

NOW FOR THE PRESIDENT, WHO SEEMS TO HAVE, AT LEAST PUBLICLY, HIS

TO HAVE, AT LEAST PUBLICLY, HIS HEAD IN THE SAND AS TO WHAT IS

HEAD IN THE SAND AS TO WHAT IS HAPPENING.

HAPPENING. FRIDAY, AFTER DECLARING THE

FRIDAY, AFTER DECLARING THE NATIONAL SECURITY, WHICH WAS A

NATIONAL SECURITY, WHICH WAS A STEP THAT WAS NEEDED, HE WAS

STEP THAT WAS NEEDED, HE WAS URGED TO DO BY MEMBERS OF BOTH

URGED TO DO BY MEMBERS OF BOTH PARTIES, INCLUDING SOME OF HIS

PARTIES, INCLUDING SOME OF HIS CLOSEST ADVISERS, HE RELUCTANTLY

CLOSEST ADVISERS, HE RELUCTANTLY GOT THERE BECAUSE HE WAS AFRAID

GOT THERE BECAUSE HE WAS AFRAID IT’D SEND A BAD SIGNAL TO THE

IT’D SEND A BAD SIGNAL TO THE MARKETS, ACKNOWLEDGING THE

MARKETS, ACKNOWLEDGING THE SEVERITY OF THE CRISIS.

SEVERITY OF THE CRISIS. WHEN HE DID IT, THE MARKETS

WHEN HE DID IT, THE MARKETS RESPONDED WELL FRIDAY.

RESPONDED WELL FRIDAY. HE TOOK A VICTORY LAP ON TWITTER

HE TOOK A VICTORY LAP ON TWITTER ABOUT IT.

ABOUT IT. OVER THE WEEKEND, HE APPEARED IN

OVER THE WEEKEND, HE APPEARED IN THE BRIEFING ROOM TWICE.

THE BRIEFING ROOM TWICE. ONCE SATURDAY AND ONCE SUNDAY.

ONCE SATURDAY AND ONCE SUNDAY. SATURDAY, WEARING A CAMPAIGN

SATURDAY, WEARING A CAMPAIGN HAT, SUGGESTING THIS IS ALL

HAT, SUGGESTING THIS IS ALL GOING TO BE OVER SOON.

GOING TO BE OVER SOON. THAT AMERICANS, AGAIN, STAY

THAT AMERICANS, AGAIN, STAY CALM.

CALM. THAT’S THE RIGHT THING TO STAY.

THAT’S THE RIGHT THING TO STAY. BUT TO NOT ACKNOWLEDGE THE

BUT TO NOT ACKNOWLEDGE THE SEVERITY OF THE CRISIS IS VERY

SEVERITY OF THE CRISIS IS VERY DIFFERENT.

DIFFERENT. WITHIN THE WHOITITE HOUSE, WE’VE

WITHIN THE WHOITITE HOUSE, WE’VE HAD A COUPLE OF DIFFERENT

HAD A COUPLE OF DIFFERENT FACTIONS.

FACTIONS. THERE IS A GROWING SENSE OF TOP

THERE IS A GROWING SENSE OF TOP ADVISERS, INCLUDING VICE

ADVISERS, INCLUDING VICE PRESIDENT PENCE, FAUCI, AND

PRESIDENT PENCE, FAUCI, AND OTHERS, TO BE MORE CANDID ABOUT

OTHERS, TO BE MORE CANDID ABOUT WHERE THINGS ARE GOING.

WHERE THINGS ARE GOING. ACKNOWLEDGE TO THE AMERICAN

ACKNOWLEDGE TO THE AMERICAN PEOPLE THAT THINGS ARE GOING TO

PEOPLE THAT THINGS ARE GOING TO GET WORSE BEFORE THEY GET

GET WORSE BEFORE THEY GET BETTER.

BETTER. OTHERS, INCLUDING JARED KUSHNER

OTHERS, INCLUDING JARED KUSHNER AND STEPHEN MILLER, ARE FOCUSED

AND STEPHEN MILLER, ARE FOCUSED MORE ON PROPPING UP THE MARKETS,

MORE ON PROPPING UP THE MARKETS, TO DOWNPLAY THE SEVERITY OF THE

TO DOWNPLAY THE SEVERITY OF THE INCIDENT, THE SPREAD OF THE

INCIDENT, THE SPREAD OF THE VIRUS.

VIRUS. EVEN THOUGH, OF COURSE, WE ARE

EVEN THOUGH, OF COURSE, WE ARE SEEING CASES TICK UP DAY AFTER

SEEING CASES TICK UP DAY AFTER DAY.

DAY. THE PRESIDENT AND VICE PRESIDENT

THE PRESIDENT AND VICE PRESIDENT URGED AMERICANS NOT TO MAKE RUNS

URGED AMERICANS NOT TO MAKE RUNS ON GROCERY STORES, JUST BUY FOR

ON GROCERY STORES, JUST BUY FOR THE WEEK AHEAD.

THE WEEK AHEAD. AND LAST NIGHT, THE CDC, AGAINST

AND LAST NIGHT, THE CDC, AGAINST THE BACKDROP OF THE DEMOCRATIC

THE BACKDROP OF THE DEMOCRATIC DEBATE, SUGGESTS THAT AMERICANS

DEBATE, SUGGESTS THAT AMERICANS SHOULD, FOR THE NEXT EIGHT

SHOULD, FOR THE NEXT EIGHT WEEKS, SHOULD AVOID GATHERINGS

WEEKS, SHOULD AVOID GATHERINGS OF 50 OR MORE.

OF 50 OR MORE. >> RIGHT.

>> RIGHT. BUT --

BUT -- >> IT IS CHANGING AMERICAN LIFE.

>> IT IS CHANGING AMERICAN LIFE. >> IT WILL CHANGE AMERICAN LIFE,

>> IT WILL CHANGE AMERICAN LIFE, BUT THERE’S NOT A SCIENTIST,

BUT THERE’S NOT A SCIENTIST, THERE’S NOT A DOCTOR.

THERE’S NOT A DOCTOR. I MEAN, I’M READING

I MEAN, I’M READING CONSERVATIVES WHO HAVE

CONSERVATIVES WHO HAVE APOLOGIZED FOR DONALD TRUMP FOR

APOLOGIZED FOR DONALD TRUMP FOR THREE AND A HALF YEARS, WHEN

THREE AND A HALF YEARS, WHEN THERE WAS NOTHING LEFT TO

THERE WAS NOTHING LEFT TO DEFEND, WHO ARE ACTUALLY SAYING,

DEFEND, WHO ARE ACTUALLY SAYING, THIS IS SERIOUS.

THIS IS SERIOUS. LISTEN TO THE SCIENTISTS.

LISTEN TO THE SCIENTISTS. I MEAN, I’M SEEING IT ON BLOG

I MEAN, I’M SEEING IT ON BLOG POSTS FROM PRO-TRUMP PEOPLE.

POSTS FROM PRO-TRUMP PEOPLE. I’M SEEING IT EVERYWHERE.

I’M SEEING IT EVERYWHERE. YET, THE PRESIDENT OF THE UNITED

YET, THE PRESIDENT OF THE UNITED STATES, DAVID IGNATIUS, IS STILL

STATES, DAVID IGNATIUS, IS STILL SAYING, WE HAVE THIS COMPLETELY

SAYING, WE HAVE THIS COMPLETELY UNDER CONTROL.

UNDER CONTROL. IT’S GOING TO BE OKAY.

IT’S GOING TO BE OKAY. THINGS ARE GOING TO DISAPPEAR.

THINGS ARE GOING TO DISAPPEAR. DAID

DAID DAVID, HERE’S THE IMPACT OF IT,

DAVID, HERE’S THE IMPACT OF IT, OKAY?

OKAY? YOU CAN HAVE DR. FAUCI AND EVERY

YOU CAN HAVE DR. FAUCI AND EVERY OTHER GREAT SCIENTIST GOING OUT,

OTHER GREAT SCIENTIST GOING OUT, TELLING PEOPLE THE TRUTH.

TELLING PEOPLE THE TRUTH. BUT YOU HAVE -- I’M STILL

BUT YOU HAVE -- I’M STILL GETTING EMAILS FROM FRIENDS OF

GETTING EMAILS FROM FRIENDS OF MINE WHO SUPPORT DONALD TRUMP.

MINE WHO SUPPORT DONALD TRUMP. THEY’RE SAYING HOW THE PRESIDENT

THEY’RE SAYING HOW THE PRESIDENT SAYS THIS IS OVERBLOWN.

SAYS THIS IS OVERBLOWN. I CAN STILL GO ABOUT MY DAILY

I CAN STILL GO ABOUT MY DAILY LIFE.

LIFE. YOU SEE PICTURES FROM DISNEY

YOU SEE PICTURES FROM DISNEY WORLD LAST NIGHT, JUST SHOCKING

WORLD LAST NIGHT, JUST SHOCKING PICTURES FROM DISNEY WORLD, WITH

PICTURES FROM DISNEY WORLD, WITH THOUSANDS AND THOUSANDS OF

THOUSANDS AND THOUSANDS OF PEOPLE CRAMMED TOGETHER.

PEOPLE CRAMMED TOGETHER. >> I THOUGHT IT WAS CLOSED.

>> I THOUGHT IT WAS CLOSED. >> PACKED LIKE SARDINES ON MAIN

>> PACKED LIKE SARDINES ON MAIN STREET IN DISNEY WORLD.

STREET IN DISNEY WORLD. YOU SIT THERE THINKING, I MEAN,

YOU SIT THERE THINKING, I MEAN, JUST HOW MANY PEOPLE THERE HAD

JUST HOW MANY PEOPLE THERE HAD THE CORONAVIRUS AND DON’T KNOW

THE CORONAVIRUS AND DON’T KNOW ABOUT IT.

ABOUT IT. HOW MANY WERE THEY SPREAD TO?

HOW MANY WERE THEY SPREAD TO? HOW MANY SENIORS ARE NOW GOING

HOW MANY SENIORS ARE NOW GOING TO DIE IN THE STATE OF FLORIDA

TO DIE IN THE STATE OF FLORIDA AND ACROSS THE NATION BECAUSE

AND ACROSS THE NATION BECAUSE PEOPLE THAT WOULD GO LAST NIGHT

PEOPLE THAT WOULD GO LAST NIGHT SAY, THE PRESIDENT SAYS IT IS

SAY, THE PRESIDENT SAYS IT IS NOT A BIG DEAL.

NOT A BIG DEAL. THE PRESIDENT SAYS IT IS NOT A

THE PRESIDENT SAYS IT IS NOT A BIG DEAL, THEN HE GETS HIS

BIG DEAL, THEN HE GETS HIS SCIENTISTS TELLING US HOW

SCIENTISTS TELLING US HOW SERIOUS THIS IS GOING TO BE.

SERIOUS THIS IS GOING TO BE. PEOPLE JUST LISTEN TO THE

PEOPLE JUST LISTEN TO THE PRESIDENT.

PRESIDENT. HE’S STILL RESPONSIBLE FOR THIS

HE’S STILL RESPONSIBLE FOR THIS CHAOS GOING ON.

CHAOS GOING ON. WHY CAN’T HE LISTEN TO HIS OWN

WHY CAN’T HE LISTEN TO HIS OWN SCIENTISTS?

SCIENTISTS? >> YOU KNOW, JOE, THAT’S PART OF

>> YOU KNOW, JOE, THAT’S PART OF THE MYSTERY OF DONALD TRUMP.

THE MYSTERY OF DONALD TRUMP. HE LACKS THE SELF-CONFIDENCE,

HE LACKS THE SELF-CONFIDENCE, THE SELF-KNOWLEDGE, THE WISDOM,

THE SELF-KNOWLEDGE, THE WISDOM, PERHAPS, TO LISTEN TO THOSE WHO

PERHAPS, TO LISTEN TO THOSE WHO REALLY ARE EXPERTS.

REALLY ARE EXPERTS. I FIND IT A LITTLE CHILLING JUST

I FIND IT A LITTLE CHILLING JUST TO WATCH ALL OF THOSE EXPERTS,

TO WATCH ALL OF THOSE EXPERTS, THE KEY PEOPLE WE’RE DEPENDING

THE KEY PEOPLE WE’RE DEPENDING ON, CRAMMED UP ON A PODIUM

ON, CRAMMED UP ON A PODIUM BEHIND THE PRESIDENT, BECAUSE HE

BEHIND THE PRESIDENT, BECAUSE HE WANTS THAT SHOW.

WANTS THAT SHOW. THEY’RE ALL -- THERE’S NOT MUCH

THEY’RE ALL -- THERE’S NOT MUCH SOCIAL DISTANCE THERE.

SOCIAL DISTANCE THERE. I WISH THEY’D GIVE EACH OTHER A

I WISH THEY’D GIVE EACH OTHER A LITTLE MORE SPACE.

LITTLE MORE SPACE. I DON’T WANT ANYBODY TOO NEAR

I DON’T WANT ANYBODY TOO NEAR DR. FAUCI.

DR. FAUCI. THIS PERIOD WE’RE LIVING IN, I

THIS PERIOD WE’RE LIVING IN, I DON’T THINK ANY OF US HAVE LIVED

DON’T THINK ANY OF US HAVE LIVED THROUGH ANYTHING QUITE LIKE

THROUGH ANYTHING QUITE LIKE THIS, IS GIVING US A LESSON IN

THIS, IS GIVING US A LESSON IN WHAT LEADERSHIP IS IN THE

WHAT LEADERSHIP IS IN THE ABSENCE OF IT.

ABSENCE OF IT. WHEN I LOOK AND READ MY HISTORY,

WHEN I LOOK AND READ MY HISTORY, I SEE WASHINGTON IN THE EARLY

I SEE WASHINGTON IN THE EARLY YEARS OF THE REVOLUTIONARY WAR

YEARS OF THE REVOLUTIONARY WAR FACE TERRIBLE ADVERSITY.

FACE TERRIBLE ADVERSITY. NOTHING WENT RIGHT.

NOTHING WENT RIGHT. ONE FAILURE AFTER ANOTHER.

ONE FAILURE AFTER ANOTHER. YET, HE KEPT THE CONFIDENCE OF

YET, HE KEPT THE CONFIDENCE OF THE TROOPS AND THE COUNTRY.

THE TROOPS AND THE COUNTRY. SAME THING WITH LINCOLN.

SAME THING WITH LINCOLN. LINCOLN SEARCHED FOR A GENERAL

LINCOLN SEARCHED FOR A GENERAL WHO COULD WIN.

WHO COULD WIN. DEFEATS EARLY IN THE 1I68CIVIL W

DEFEATS EARLY IN THE 1I68CIVIL W SENSE OF DESPAIR, DESIRE TO

SENSE OF DESPAIR, DESIRE TO ABANDON THE EFFORT.

ABANDON THE EFFORT. SAME WITH FRANKLIN ROOSEVELT

SAME WITH FRANKLIN ROOSEVELT DURING WORLD WAR II.

DURING WORLD WAR II. ROOSEVELT WAS A STEADY, CALM

ROOSEVELT WAS A STEADY, CALM PRESIDENT.

PRESIDENT. HE TRUSTED HIS GENERALS AND

HE TRUSTED HIS GENERALS AND SCIENTISTS.

SCIENTISTS. HE CONVEYED THAT, THAT SENSE

HE CONVEYED THAT, THAT SENSE THAT HE WAS THE NATION’S FATHER,

THAT HE WAS THE NATION’S FATHER, IF YOU WILL.

IF YOU WILL. HE WAS GOING TO HELP EVERYBODY

HE WAS GOING TO HELP EVERYBODY GET TO WHERE THEY NEEDED.

GET TO WHERE THEY NEEDED. HATE TO BE PARTISAN, BUT TO

HATE TO BE PARTISAN, BUT TO QUOTE WHAT, I THINK, JOE BIDEN

QUOTE WHAT, I THINK, JOE BIDEN SAID LAST NIGHT IN THE DEBATE,

SAID LAST NIGHT IN THE DEBATE, THIS IS BIGGER THAN ANY OF US.

THIS IS BIGGER THAN ANY OF US. THAT’S THE ONE THING THAT

THAT’S THE ONE THING THAT DOESN’T COME THROUGH WHEN DONALD

DOESN’T COME THROUGH WHEN DONALD TRUMP SPEAKS, IS THE SENSE OF

TRUMP SPEAKS, IS THE SENSE OF HUMILITY

HUMILITY HUMILITY, WHICH IS AT THE CORE

HUMILITY, WHICH IS AT THE CORE OF REAL LEADERSHIP ALWAYS.

OF REAL LEADERSHIP ALWAYS. >> IT IS.

>> IT IS. ED, YOU LOOK AT THE DISASTER

ED, YOU LOOK AT THE DISASTER THAT THE TESTING ROLLOUT WAS.

THAT THE TESTING ROLLOUT WAS. AGAIN, I HAVE TO SAY, JOE BIDEN

AGAIN, I HAVE TO SAY, JOE BIDEN EASILY HAD HIS BEST DEBATE LAST

EASILY HAD HIS BEST DEBATE LAST NIGHT, TALKING ABOUT TESTING,

NIGHT, TALKING ABOUT TESTING, HOW WE’D HANDLED TESTING.

HOW WE’D HANDLED TESTING. THE PRESIDENT HAS BEEN

THE PRESIDENT HAS BEEN DISASTROUS ON TESTING.

DISASTROUS ON TESTING. WE’RE GOING TO TALK ABOUT THE

WE’RE GOING TO TALK ABOUT THE AIRPORT

AIRPORT AIRPORTS YESTERDAY IN A SECOND.

AIRPORTS YESTERDAY IN A SECOND. NO PRE-PLANNING FOR THAT EITHER.

NO PRE-PLANNING FOR THAT EITHER. IT WAS DISASTROUS ACROSS THE

IT WAS DISASTROUS ACROSS THE UNITED STATES.

UNITED STATES. AGAIN, CONFINING THOUSANDS OF

AGAIN, CONFINING THOUSANDS OF PEOPLE IN TIGHT AREAS WHICH,

PEOPLE IN TIGHT AREAS WHICH, OBVIOUSLY, WILL SPREAD THE

OBVIOUSLY, WILL SPREAD THE PANDEMIC, AS WELL.

PANDEMIC, AS WELL. THERE YOU HAVE, AGAIN, THE

THERE YOU HAVE, AGAIN, THE PRESIDENT AT THE CENTER OF ALL

PRESIDENT AT THE CENTER OF ALL OF THIS, STILL NOT SEEMING TO

OF THIS, STILL NOT SEEMING TO TAKE ANY OF THIS SERIOUSLY.

TAKE ANY OF THIS SERIOUSLY. AGAIN, HAVING HIS PEOPLE MAKE

AGAIN, HAVING HIS PEOPLE MAKE THE RIGHT MOVES NOW, BUT THE

THE RIGHT MOVES NOW, BUT THE PRESIDENT’S OWN WORDS STILL

PRESIDENT’S OWN WORDS STILL GIVING DENIERS A REASON TO SAY,

GIVING DENIERS A REASON TO SAY, WHAT DEVIN NUNES SAID YESTERDAY.

WHAT DEVIN NUNES SAID YESTERDAY. GO TO THE PUBS.

GO TO THE PUBS. STOP BEING A BABY.

STOP BEING A BABY. HANG OUT WHEREVER YOU GO.

HANG OUT WHEREVER YOU GO. WHAT THE PRESIDENT DOESN’T EVEN,

WHAT THE PRESIDENT DOESN’T EVEN, ED, IS THAT SPOOKS THE MARKETS.

ED, IS THAT SPOOKS THE MARKETS. THIS ISN’T ABOUT ME.

THIS ISN’T ABOUT ME. RIGHT?

RIGHT? THEY THINK THIS IS ABOUT THE

THEY THINK THIS IS ABOUT THE MEDIA, LIKE TRUMPISTS?

MEDIA, LIKE TRUMPISTS? THIS ISN’T ABOUT ME.

THIS ISN’T ABOUT ME. WHEN THE PRESIDENT SPEAKS THAT

WHEN THE PRESIDENT SPEAKS THAT WAY -- I KNOW THE PRESIDENT.

WAY -- I KNOW THE PRESIDENT. I KNOW HIS FAILINGS.

I KNOW HIS FAILINGS. I KNOW WHAT HE’S INCAPABLE OF.

I KNOW WHAT HE’S INCAPABLE OF. IT’S THE MARKETS, ED, THAT WHEN

IT’S THE MARKETS, ED, THAT WHEN THEY HEAR THE PRESIDENT OF THE

THEY HEAR THE PRESIDENT OF THE UNITED STATES SPEAK THAT WAY,

UNITED STATES SPEAK THAT WAY, SAYING WE HAVE IT ALL UNDER

SAYING WE HAVE IT ALL UNDER CONTROL, WHEN HE HAS NO IDEA

CONTROL, WHEN HE HAS NO IDEA WHAT THE NEXT THREE MONTHS ARE

WHAT THE NEXT THREE MONTHS ARE GOING TO LOOK LIKE, THE MARKETS

GOING TO LOOK LIKE, THE MARKETS CRASH.

CRASH. IT IS EXACTLY WHAT THEY DID

IT IS EXACTLY WHAT THEY DID OVERNIGHT.

OVERNIGHT. >> SO THE PRESIDENT WAS CLEARLY

>> SO THE PRESIDENT WAS CLEARLY DELIGHTED BY THE FED’S MOVE

DELIGHTED BY THE FED’S MOVE YESTERDAY TO SLASH INTEREST

YESTERDAY TO SLASH INTEREST RATES TO ZERO, HAVE $700 BILLION

RATES TO ZERO, HAVE $700 BILLION OF QUANTITY OF EASING, EASE THAT

OF QUANTITY OF EASING, EASE THAT BAZOOKA.

BAZOOKA. WHAT HE SAID SHORTLY AFTER THE

WHAT HE SAID SHORTLY AFTER THE FED DID THAT WAS, WE HAVE

FED DID THAT WAS, WE HAVE TREMENDOUS POWER AND CONTROL

TREMENDOUS POWER AND CONTROL OVER THIS VIRUS.

OVER THIS VIRUS. IT NEGATED WHAT THE FED DID.

IT NEGATED WHAT THE FED DID. IT INDICATED THAT THE LEADERSHIP

IT INDICATED THAT THE LEADERSHIP WAS NOT AWARE OF THIS SCALE AND

WAS NOT AWARE OF THIS SCALE AND DURATION OF THIS PROBLEM.

DURATION OF THIS PROBLEM. SOMETHING THAT THE FED, BY ITS

SOMETHING THAT THE FED, BY ITS ACTIONS, HAD JUST SIGNALLED IT

ACTIONS, HAD JUST SIGNALLED IT DID GRASP.

DID GRASP. AGAIN, VERY STRONG MIXED SIGNALS

AGAIN, VERY STRONG MIXED SIGNALS THERE BEING REFLECTED BY THE

THERE BEING REFLECTED BY THE MARKET REACTION THIS MORNING IN

MARKET REACTION THIS MORNING IN EUROPE AND ASIA.

EUROPE AND ASIA. ALL DOWN.

ALL DOWN. DOW FUTURES SHARPLY DOWN.

DOW FUTURES SHARPLY DOWN. I THINK, YOU KNOW, THE THING I

I THINK, YOU KNOW, THE THING I ALWAYS RELATE TO, AND I’M SURE

ALWAYS RELATE TO, AND I’M SURE WE ALL DO IN OUR OWN WAY, IS

WE ALL DO IN OUR OWN WAY, IS THAT THAT UNITED AIRLINES PILOT,

THAT THAT UNITED AIRLINES PILOT, YOU KNOW, WHO SAYS, JUST A

YOU KNOW, WHO SAYS, JUST A SLIGHT DELAY, TEN MINUTES, WE

SLIGHT DELAY, TEN MINUTES, WE SHOULD BE OFF AND TAXIING, AND

SHOULD BE OFF AND TAXIING, AND THEN HALF AN HOUR LATER, SAYING,

THEN HALF AN HOUR LATER, SAYING, ACTUALLY, IT WAS A MAINTENANCE

ACTUALLY, IT WAS A MAINTENANCE PROBLEM.

PROBLEM. IT’LL BE A COUPLE OF HOURS.

IT’LL BE A COUPLE OF HOURS. THEN FOUR HOURS LATER, SAYING,

THEN FOUR HOURS LATER, SAYING, SORRY, THE FLIGHT IS CANCELED.

SORRY, THE FLIGHT IS CANCELED. IF YOU GIVE BAD NEWS EARLY,

IF YOU GIVE BAD NEWS EARLY, PEOPLE TRUST YOU.

PEOPLE TRUST YOU. >> RIGHT.

>> RIGHT. >> DONALD TRUMP KEEPS TALKING

>> DONALD TRUMP KEEPS TALKING HAPPY TALK.

HAPPY TALK. >> YEAH.

>> YEAH. >> HE KEEPS GETTING CONTRADICTED

>> HE KEEPS GETTING CONTRADICTED BY THE PEOPLE WORKING FOR HIM.

BY THE PEOPLE WORKING FOR HIM. >> AND BY THE REALITY.

>> AND BY THE REALITY. >> YOU KNOW, THE THING IS, MIKA,

>> YOU KNOW, THE THING IS, MIKA, IT’S SOMETHING WE’VE BEEN SAYING

IT’S SOMETHING WE’VE BEEN SAYING ING

ING ING, LITERALLY SAYING, FOR THREE

ING, LITERALLY SAYING, FOR THREE WEEKS.

WEEKS. >> LONGER.

>> LONGER. >> GIVE THEM THE WORST NEWS.

>> GIVE THEM THE WORST NEWS. PREPARE EVERYBODY.

PREPARE EVERYBODY. PREPARE THE MARKETS.

PREPARE THE MARKETS. TELL THEM HOW BAD IT IS GOING TO

TELL THEM HOW BAD IT IS GOING TO BE.

BE. >> GET IN FRONT OF IT.

>> GET IN FRONT OF IT. >> GET IN FRONT OF IT, THEN THE

>> GET IN FRONT OF IT, THEN THE MARKETS WILL PREPARE FOR THAT.

MARKETS WILL PREPARE FOR THAT. THEY’LL MOVE ON THAT.

THEY’LL MOVE ON THAT. IF YOU DO A GOOD JOB, YOU BEAT

IF YOU DO A GOOD JOB, YOU BEAT EXPECTATIONS, AND YOU’RE AWARDED

EXPECTATIONS, AND YOU’RE AWARDED FOR IT DOWN THE ROAD.

FOR IT DOWN THE ROAD. ED, JUST LIKE YOU SAID, HE

ED, JUST LIKE YOU SAID, HE CONTINUES TO TALK HAPPY TALK,

CONTINUES TO TALK HAPPY TALK, AND THERE’S A STRING OF QUOTES

AND THERE’S A STRING OF QUOTES THAT ARE GOING TO FOLLOW HIM FOR

THAT ARE GOING TO FOLLOW HIM FOR THE REST OF HIS POLITICAL LIFE,

THE REST OF HIS POLITICAL LIFE, SAYING THERE’S ONLY 14 PEOPLE

SAYING THERE’S ONLY 14 PEOPLE AND IT’LL BE DOWN TO ZERO SOON.

AND IT’LL BE DOWN TO ZERO SOON. THIS IS GOING TO DISAPPEAR

THIS IS GOING TO DISAPPEAR MAGICALLY IN APRIL WHEN IT WARMS

MAGICALLY IN APRIL WHEN IT WARMS UP.

UP. >> EVERYONE GETS A TEST.

>> EVERYONE GETS A TEST. >> ANYBODY THAT WANTS A TEST

>> ANYBODY THAT WANTS A TEST GETS A TEST.

GETS A TEST. IT GOES ON.

IT GOES ON. >> NO TESTS HERE.

>> NO TESTS HERE. >> ONCE AGAIN, THIS WEEKEND, HE

>> ONCE AGAIN, THIS WEEKEND, HE TALKED ABOUT DEMOTING THE FED

TALKED ABOUT DEMOTING THE FED CHAIRMAN.

CHAIRMAN. THE FED CHAIRMAN DECIDES TO

THE FED CHAIRMAN DECIDES TO REDUCE INTEREST RATES DOWN TO

REDUCE INTEREST RATES DOWN TO ZERO.

ZERO. I HAD COMPLAINED LAST WEEK THAT

I HAD COMPLAINED LAST WEEK THAT THEY WERE REDUCED HALF A POINT,

THEY WERE REDUCED HALF A POINT, AND THE MARKETS CRASH BECAUSE

AND THE MARKETS CRASH BECAUSE THEY SAW THAT AS PANIC.

THEY SAW THAT AS PANIC. HE NEEDED TO LEAVE, THE FED

HE NEEDED TO LEAVE, THE FED NEEDED TO LEAVE SOMETHING IN

NEEDED TO LEAVE SOMETHING IN THEIR ARSENAL FOR WHEN THINGS

THEIR ARSENAL FOR WHEN THINGS REALLY GOT BAD.

REALLY GOT BAD. BECAUSE THINGS, AS DR. FAUCI

BECAUSE THINGS, AS DR. FAUCI SAID, ARE STILL GOING TO GET

SAID, ARE STILL GOING TO GET WORSE.

WORSE. WE HAVE NOTHING LEFT IN OUR

WE HAVE NOTHING LEFT IN OUR ARSENAL WHEN YOU DO WHAT THE FED

ARSENAL WHEN YOU DO WHAT THE FED DID YESTERDAY AND REDUCE RATES

DID YESTERDAY AND REDUCE RATES TO ZERO.

TO ZERO. THERE’S NOT MUCH LEFT IN THE

THERE’S NOT MUCH LEFT IN THE ARSENAL FOR WHEN THINGS REALLY

ARSENAL FOR WHEN THINGS REALLY GET BAD THREE, FOUR WEEKS FROM

GET BAD THREE, FOUR WEEKS FROM NOW.

NOW. >> THAT IS TRUE.

>> THAT IS TRUE. IF YOU SORT OF KEEP WITH THE

IF YOU SORT OF KEEP WITH THE ANALOGY OF KEEPING YOUR POWER TO

ANALOGY OF KEEPING YOUR POWER TO DRIVE, LOOK, WHEN FRONT LINES

DRIVE, LOOK, WHEN FRONT LINES ARE BEING OVERRUN, YOU DON’T

ARE BEING OVERRUN, YOU DON’T WANT TO KEEP THE POWDER DRY.

WANT TO KEEP THE POWDER DRY. YOU WANT TO KEEP THE POWDER.

YOU WANT TO KEEP THE POWDER. WHAT THE FED SIGNALLED IS

WHAT THE FED SIGNALLED IS THEY’LL DO WHATEVER IT TAKES.

THEY’LL DO WHATEVER IT TAKES. THERE ARE THINGS BEYOND GOING

THERE ARE THINGS BEYOND GOING INTO NEGATIVE INTEREST RATES.

INTO NEGATIVE INTEREST RATES. THEY CAN KEEP LENDING TO SMALL

THEY CAN KEEP LENDING TO SMALL BUSINESSES, KEEPING CREDIT GOING

BUSINESSES, KEEPING CREDIT GOING THROUGH THE ECONOMY.

THROUGH THE ECONOMY. WHAT JAY POWELL EMPHASIZED

WHAT JAY POWELL EMPHASIZED STRONGLY YESTERDAY IS THAT THIS

STRONGLY YESTERDAY IS THAT THIS IS A MATTER FOR FISCAL POLICY.

IS A MATTER FOR FISCAL POLICY. THIS HAS GOT TO BE CONGRESS.

THIS HAS GOT TO BE CONGRESS. IT’S GOT TO BE STRONG PUBLIC

IT’S GOT TO BE STRONG PUBLIC SUPPORT FOR BUSINESSES THAT ARE

SUPPORT FOR BUSINESSES THAT ARE FAILING, FOR PAYROLLS THAT CAN’T

FAILING, FOR PAYROLLS THAT CAN’T BE MET, FOR HEALTH CARE WORKERS

BE MET, FOR HEALTH CARE WORKERS TO HAVE CHILD CARE SO THEY CAN

TO HAVE CHILD CARE SO THEY CAN CONTINUE TO DO THE HEALTH CARE

CONTINUE TO DO THE HEALTH CARE WORK.

WORK. THIS IS A FISCAL QUESTION NOW.

THIS IS A FISCAL QUESTION NOW. SO I THINK THE FED HAS DONE

SO I THINK THE FED HAS DONE WHATEVER IT TAKES.

WHATEVER IT TAKES. SAID, NOW, IT’S YOUR TURN.

SAID, NOW, IT’S YOUR TURN. THAT’S GOING TO REQUIRE VERY

THAT’S GOING TO REQUIRE VERY STRONG SORT OF POLITICAL

STRONG SORT OF POLITICAL SIGNALING FROM TRUMP, AND HE’S

SIGNALING FROM TRUMP, AND HE’S GOING TO HAVE TO TALK TO PELOSI

GOING TO HAVE TO TALK TO PELOSI AT SOME POINT.

AT SOME POINT. >> YES, HE IS.

>> YES, HE IS. >> HE’S GOT TO OVERCOME HIS