THAT IS A SCENE OF WHAT IT % LOOKS LIKE WHEN WE ARE IN THERE.
>> TO BE CLEAR WE DO NOT YET %
KNOW WHEN ALL OF THIS MIGHT BE
REOPENED BUT GOVERNOR CUOMO
SAYS THAT THE MULTISTATE GROUP
OF GOVERNORS WILL BEGIN WORKING
ON A PLAN AS EARLY AS TODAY.
>>> AS ELECTED OFFICIALS %
GRAPPLE WITH HOW AND WHEN TO %
RESTART THIS ECONOMY, WHAT %
EXACTLY COULD IT LOOK LIKE? %
THE PRESIDENT OF THE FEDERAL
RESERVE BANK OF MINNEAPOLIS AND
HELPS RUN THE BAILOUT PROGRAM %
AT THE TREASURY DEPARTMENT %
DURING THE 2008 GREAT %
RECESSION. %
RECESSION. % GOOD MORNING TO YOU. %
IT IS GREAT TO SEE YOU.
>> GOOD MORNING AND GOOD TO SEE
YOU AS WELL. %
>> YOU SAID ON THE SUNDAY SHOW %
THIS WEEKEND THAT YOU LOOK AT %
THIS AS AN 18 MONTH TIMELINE %
THAT YOU THINK THE ECONOMIC
STRATEGY SHOULD REALLY BE OVER %
18 MONTHS BECAUSE THAT IS THE
OUTSIDE ESTIMATE OF WHEN WE CAN
GET A VACCINE. %
WHAT EXACTLY DOES IT MEAN?
I’M SURE A LOT OF PEOPLE ARE %
THINKING 18 MONTHS, I CAN’T %
SUSTAIN US FOR 18 MONTHS.
>> I UNDERSTAND BUT WHEN WE %
LOOK AROUND THE WORLD, OTHER %
COUNTRIES THAT HAVE %
SUCCESSFULLY FLATTENED THE %
CURVE WITH ECONOMIC CONTROLS, %
IT SEEMS AS THOUGH WHEN THEY %
RELAX THE CONTROLS THAT THERE %
IS A TENDENCY FOR THESE %
FLAREUPS TO HAPPEN AGAIN. %
HAS SO MANY PEOPLE HAVE THE %
DISEASE ARE SHOWING SYMPTOMS. %
UNTIL YOU EXTINGUISH IT WITH A %
TREATMENT OR VACCINE THERE IS A
RISK OF FLARE UP SO WE HAVE TO %
BE VERY CAREFUL AND THINK OVER
THE LONG TERM. %
TO ME IT ISN’T ABOUT THE NEXT %
COUPLE OF WEEKS OR MONTH EVEN, %
IT IS ABOUT HOW WE GET TO THAT %
DESTINATION OF A VACCINE OR %
THERAPY. %
THERAPY. % >> TO BE CLEAR, YOU ARE NOT %
SUGGESTING THAT EVERYBODY %
STAYED HOME AND BUSINESSES STAY
ESSENTIALLY AS THEY ARE FOR THE
NEXT 18 MONTHS. %
>> NOT AS THEY ARE BUT I THINK %
THAT WE NEED TO BE SMART ABOUT %
THIS. %
THIS. % FOR EXAMPLE SOME BUSINESSES ARE
MUCH MORE IMPORTANT THAN %
OTHERS. %
OTHERS. % THINK ABOUT OPTOMETRISTS THAT %
ARE LARGELY CLOSE. %
I CAN SEE IF WE FLATTEN THE
CURVE OPTOMETRY OFFICES OPENING
SO YOU CAN GET YOUR EYES %
CHECKED.
CHECKED. GOT A LOT OF PEOPLE CROWDED %
INTO THE EYE STORE AT A GIVEN %
TIME. %
TIME. % CONTRAST THAT WITH THE MOVIE %
THEATER. %
THEATER. % IS IT GOING TO MAKE SENSE TO %
HAVE 100 PEOPLE IN A CROWDED
MOVIE THEATER UNTIL WE HAVE A %
VACCINE? %
VACCINE? % PROBABLY NOT. %
I DON’T THINK WE ARE GOING TO
GO BACK TO THE WAY LIFE WAS %
LIKE IN JANUARY OR FEBRUARY FOR
THE NEXT YEAR OR 18 MONTHS. %
I THINK WE ARE GOING TO BE MUCH
MORE TARGETED AS WE TRY TO %
REOPEN THE ECONOMY. %
>> WHAT DO YOU THINK -- I KNOW %
YOU ARE IN ECONOMICS AT HER AND
NOT PUBLIC HEALTH SECTOR BUT %
FROM YOUR ANALYSIS, WHAT DO YOU
THINK NEEDS TO HAPPEN BEFORE %
YOU CAN START TALKING ABOUT %
LETTING PEOPLE GO BACK TO %
SOCIETY, EVEN IF IT IS A %
PIECEMEAL FASHION. %
FOR EXAMPLE, DO WE HAVE TO HAVE
WIDESPREAD ANTIBODY TEST, A %
BLOOD TEST THAT WOULD TELL YOU %
IF YOU HAVE HAD THE VIRUS AND %
IF YOU ARE PRESUMPTIVELY %
IMMUNE? %
IMMUNE? % >> I THINK THAT WOULD BE GREAT %
AND WE SHOULD BE PURSUING ALL %
OF THOSE WIDESPREAD TESTING AS %
WELL AS VACCINES AND THERAPIES.
BUT I’M ALSO TALKED WITH HEALTH
EXPERTS THAT THINK WE ARE %
MONTHS IF NOT YEARS AWAY FROM %
HAVING THE ABILITY TO TEST
MILLIONS OF PEOPLE ON A GIVEN %
DAY. %
DAY. % I DON’T KNOW WHERE THE %
BREAKTHROUGH IS GOING TO COME %
FROM. %
FROM. % I THINK THE GOVERNORS ARE BEING
SMART AND TRYING TO FLATTEN THE
CURVE. %
CURVE. % BUT WE ARE GOING TO HAVE TO %
SLOWLY REOPEN THINGS AND VERY %
CAREFULLY SEE IF WE HAVE %
FLAREUPS AGAIN. %
WE MIGHT HAVE A CASE OF
RELAXING THINGS AND IF THERE’S %
BACKUP AND WE HAVE TO LOCK %
THINGS DOWN AGAIN. %
AND KEEP DOING THAT FOR THE %
FORESEEABLE FUTURE UNTIL WE GET
AN EFFECTIVE TREATMENT OR %
VACCINE. %
VACCINE. % >> THE FEDERAL RESERVE CHAIRMAN
JEROME POWELL WAS ON THE SHOW
RECENTLY AND HE TALKED ABOUT %
HOW PRIOR TO THE CRISIS THE %
ECONOMY WAS FUNDAMENTALLY IN A %
STRONG POSITION WITH LONG %
EXTENSION AFTER THE GREAT %
RECESSION AND INTERRUPTED JOB %
GROWTH. %
GROWTH. % THE NOTION WAS, ONCE THIS %
PUBLIC HEALTH CRISIS PASSES, WE
SHOULD BE ABLE TO RETURN TO A
STRONG ECONOMY. %
DO YOU BELIEVE THAT TO BE THE %
CASE? %
CASE? % >> I THINK THAT’S TRUE BUT %
AGAIN IF THE REOPENING OF WISH %
IT WAS A LIGHT SWITCH. %
IF THERE WAS THEIR EMERGED A %
COUPLE OF MONTHS FROM NOW AND %
WE ALL HAD CONFIDENCE THAT WE %
COULD GO BACK TO WORK AND NOT %
BE TAKING A RISK, WE COULD TURN
THINGS AROUND QUICKLY. %
BUT I THINK THE MORE THE HEALTH
EXPERTS ARE LEARNING AND %
LEARNING FROM WHAT IS HAPPENING
AROUND THE WORLD, IT SEEMS AS %
MORE OF A GRADUAL RETURN TO %
NORMAL AND A MORE GRADUAL, %
SLOWER RECOVERY AND LONGER IT %
TAKES TO GET BACK TO NORMAL. %
>> IT IS A DEEPER QUESTION
PHILOSOPHICALLY BUT ECONOMIC %
TOO. %
TOO. % WHAT HAS CHANGED FUNDAMENTALLY %
THAT MAY NOT EVER GO BACK?
TO BE THE SAME. %
I THINK ABOUT SMALL BUSINESSES %
IN MY NEIGHBORHOOD AND I WONDER
IF THEY WILL BE BACK NO MATTER %
HOW MUCH HELP THE GOVERNMENT %
GIVES THEM. %
I WONDER IF PEOPLE ARE GOING TO
GO TO BIG SPORTING EVENTS. %
I WONDER IF BUSINESSES ARE %
GOING TO SAY WE SHOULD HAVE A %
CONVENTION. %
CONVENTION. % HAVE YOU THOUGHT ABOUT HOW THE %
ECONOMY MAY HAVE CHANGED %
FOREVER JUST BY VIRTUE OF THIS
EXPERIENCE? %
EXPERIENCE? % >> ABSOLUTELY AND WHAT YOU ARE %
SAYING IS EXACTLY RIGHT. %
WE KNOW AFTER THE GREAT %
DEPRESSION PEOPLE CARRIED THE %
SCARS WITHOUT -- WITH THEM FOR %
MANY YEARS. %
ULTIMATELY WHO WILL DETERMINE %
HOW THE ECONOMY RECOVERS, IT IS
ALL OF US. %
IT IS HOW COMFORTABLE WE ARE %
HAVING OUR FAMILIES GOING TO %
THAT RESTAURANT OR GOING TO THE
MOVIE THEATER OR GOING TO THAT
SPORTING EVENT. %
THE LONGER THIS GOES ON AND THE
MORE PEOPLE THAT ARE AFFECTED %
BY IT TO THE LONGER THAT %
RECOVERY IS GOING TO BE BECAUSE
WE HAVE TO REGAIN CONFIDENCE %
OURSELVES. %
OURSELVES. % >> WE DO INDEED. %
THANK YOU FOR YOUR WORK, WE %
APPRECIATE YOU AND YOUR TIME
THIS MORNING.
THIS MORNING. >>> TO NEW YORK GOVERNOR ANDREW
CUOMO WHO BELIEVES THE WORST IS
LIKELY OVER IN HIS DATE, THE %
CENTER OF THE OUTBREAK. %
HE LUNCHEON INITIATIVE WHICH --
WITH SIX OTHER GOVERNORS TO %
COORDINATE EFFORTS AND %
DEVELOPING STRATEGIES FOR %
REOPENING THE REGIONAL ECONOMY.
GOVERNOR CUOMO IS JOINING US %
NOW. %
NOW. % GOOD MORNING, GOVERNOR. %
>> GOOD MORNING. %
>> GOOD TO BE WITH YOU. %
YOU TALKED ABOUT THE GOOD NEWS.
THE DEATH TOLL HAS FLATTENED. %
THE NUMBER OF INTUBATED %
PATIENTS IS ON THE DECLINE.
A LOT OF PEOPLE MAY BE SAYING %
THIS MIGHT BE OVER. %
IS IT OVER? %
>> IT IS NOT OVER.
ALL WE HAVE DONE, WHICH IS A
SIGNIFICANT STEP, WE HAVE SHOWN
THAT WE CAN STOP THE SPREAD OF %
THE VIRUS. %
WE ARE LOOKING AT THE LINES AND
WE ARE CONTINUING TO GO UP AND %
THERE WAS A QUESTION, CAN YOU %
STOP THE SPREAD OF THIS BEAST %
AND WE HAVE DONE THAT. %
YOU CLOSE EVERYTHING DONE DOWN %
AND IT WORKS.
THE PLATEAU WAS THE FLATTENING %
OF THE INCREASE. %
IT IS NOT A DECLINE. %
IT IS JUST A FLATTENING OF THE %
INCREASE. %
INCREASE. % SO WE HAVE TO KEEP THAT IN %
MIND. %
MIND. % AND WE HAVE TO REMEMBER, HODA,
WE DID THIS BY OUR BEHAVIOR. %
IT WAS NOT NATURAL. %
ALL THE PROJECTIONS WERE MUCH %
WORSE THAN WHAT ACTUALLY
HAPPENED.
HAPPENED. BECAUSE OUR BEHAVIOR WORKED. %
IF WE STOP DOING WHAT WE ARE %
DOING, YOU WILL SEE THE NUMBERS
GO UP AGAIN.
PERIOD. %
PERIOD. % >> LET’S TALK ABOUT REOPENING %
THE ECONOMY. %
I THINK EVERYONE WANTS THAT TO %
HAPPEN BUT THE QUESTION IS, %
WHEN IS IT GOING TO HAPPEN, HOW
IS IT GOING TO HAPPEN AND WHO %
SAYS IT’S GOING TO HAPPEN? %
YESTERDAY THE PRESIDENT AT HIS %
NEWS CONFERENCE, THIS IS HIS %
QUOTE. %
QUOTE. % HE SAID HE HAS THE POWER WHEN %
SOMEONE IS PRESIDENT OF THE %
UNITED STATES THE AUTHORITY IS %
TOTAL. %
TOTAL. % HE SAID IT WAS TOTAL AND THE %
GOVERNORS KNOW THAT. %
DO YOU KNOW THAT?
>> NO. %
>> NO. % I DON’T KNOW WHAT THE PRESIDENT
IS TALKING ABOUT FRANKLY. %
WE HAVE A CONSTITUTION. %
THE CONSTITUTION IS BASED ON %
BALANCE OF POWERS.
YOU HAVE TO REMEMBER IT IS THE %
STATES THAT CREATED THE FEDERAL
GOVERNMENT. %
GOVERNMENT. % IT IS THE COLONIES THAT CREATED
THE FEDERAL GOVERNMENT, NOT THE
OTHER WAY AROUND. %
AND WE DON’T HAVE A KING. %
WE HAVE A PRESIDENT. %
THAT WAS A BIG DECISION.
WE RAN AWAY FROM HAVING A KING
AND GEORGE WASHINGTON WAS %
PRESIDENT, NOT KING WASHINGTON.
SO THE PRESIDENT DOESN’T HAVE %
TOTAL AUTHORITY. %
THE CONSTITUTION IS THERE, THE %
10th AMENDMENT IS THERE, THE %
NUMBER OF CASES OVER THE YEARS,
IT’S VERY CLEAR THAT STATES %
HAVE POWER BY THE 10th %
AMENDMENT. %
AMENDMENT. % AND THE PRESIDENT IS JUST WRONG
ON THAT POINT. %
>> SO IF THE PRESIDENT SAYS,
LET’S OPEN NEW YORK AND YOU %
SAY, YOU DON’T THINK IT’S A %
GOOD IDEA, WHAT HAPPENS THEN?
>> LOOK, IF YOU PUSHED IT TO
THAT ABSURD POINT THAN WE WOULD
HAVE A PROBLEM. %
IF HE THINKS, HE’S GOING TO %
FORCE THIS STATE OR ANY STATE %
FOR THAT MATTER TO DO SOMETHING
THAT IS RECKLESS OR %
IRRESPONSIBLE, THAT COULD %
ENDANGER HUMAN LIFE LITERALLY, %
BECAUSE IF WE DON’T REOPEN %
CORRECTLY, YOU WILL SEE THOSE %
VIRUS NUMBERS GO UP AGAIN. %
AND MORE PEOPLE WILL DIE.
AND WE PAY A HECKUVA PRICE.
>> LET’S TALK ABOUT REOPENING %
CORRECTLY. %
CORRECTLY. % I THINK THIS IS A BIG DEAL. %
YOU ARE TEAMING UP WITH SIX %
OTHER GOVERNORS FROM THE %
NORTHEAST. %
NORTHEAST. % BUT I’M SITTING HERE THINKING %
ABOUT REOPENING A CITY OR STATE
AND IT SEEMS LIKE THE ONLY WAY %
YOU CAN DO THAT IS IF YOU HAVE %
TESTING TO FIND OUT WHO’S SAFE %
ENOUGH OR WELL ENOUGH TO GO %
BACK TO WORK. %
AND THE IDEA OF WIDESPREAD %
TESTING DOESN’T EVEN SEEM LIKE %
A POSSIBILITY.
A POSSIBILITY. HOW DO YOU EVEN START? %
>> YES, YOU PUT YOUR FINGER %
RIGHT ON IT. %
1st OF ALL NOBODY HAS DONE THIS
BEFORE. %
BEFORE. % IT HAS TO BE PHASED.
IT HAS TO BE BALANCED. %
IT IS A PUBLIC HEALTH STRATEGY.
AND THE KEY TO ME IS TESTING.
AND PEOPLE HAVE TO KNOW THAT %
THEY ARE SAFE AND THE TESTING
ACTUALLY WORKS TO MAKE PEOPLE %
FEEL SAFE. %
AND WE DON’T HAVE THAT CAPACITY
NOW. %
NOW. % AND THE STATES CAN DO IT ON
THEIR OWN. %
WE HAVE TO DEVELOP THE %
WIDESPREAD TESTING CAPACITY.
THE WAY, ON THE FIRST GO AROUND
WE HAVE TO DEVELOP ADDITIONAL
HOSPITAL CAPACITY.
HOSPITAL CAPACITY. TESTING IS GOING TO BE KEY AND %
WE ARE NOT THERE YET. %
BUT THAT HAS TO BE DEVELOPED. %
>> YOU HAVE GOVERNOR ANY KIND %
OF A TIMEFRAME ABOUT WHAT WE %
ARE LOOKING AT? %
SAVANNAH WAS JUST ASKING AN %
EXPERT ABOUT BUSINESSES %
OPENING, GOING TO ALL GAMES. %
I WAS THINKING ABOUT CONCERTS %
ON OUR PLAZA IN THE COMFORT. DO
YOU HAVE AN IDEA OF WHEN THAT %
MAY START TO LOOK LIKE NORMAL
AGAIN? %
AGAIN? % BUCK HODA, I DON’T AND IF %
ANYBODY TELLS YOU THAT THEY %
DO, THEY DON’T UNDERSTAND THE
ISSUE AHEAD OF US. %
THIS IS UNCHARTED TERRITORY.
YOU HAVE TO FEEL THE WAY IT %
GOES. %
GOES. % YOU HAVE TO START TO REOPEN. %
WITH A PLAN AND AN INFORMED %
PLAN THAT ACTUALLY IMPROVES ON %
THE SITUATION AND LEARNS THE %
LESSONS.
LESSONS. BUT YOU HAVE TO WATCH THE
NUMBER OF INFECTIONS. %
YOU TELL ME HOW NEW YORKERS OR %
AMERICANS BEHAVE TODAY AND I %
WILL TELL YOU THE INFECTION %
RATE IN THREE DAYS.
IT’S THAT CAUSE AND EFFECT AND %
AS WE REOPEN AND EVERYBODY %
WANTS TO GET OUT OF THEIR HOME %
AND EVERYBODY WANTS TO GET BACK
TO WORK, IF WE DON’T DO IT
GRADUALLY AND CONTROLLED, YOU %
WILL SEE THE VIRUSES GO UP AND %
THAT WOULD BE A TERRIBLE SHAME
AND WE WOULD HAVE TO START ALL
OVER AGAIN. %
>> ALL RIGHT NEW YORK GOVERNOR
ANDREW CUOMO THANK YOU FOR YOUR
TIME, WE APPRECIATE YOU.
>>> IN AN AGE WHERE NINE OUT OF
10 SMART PHONES AND OF THEIR
CAR ARE AN iPHONE OR ANDROID, %
APPLE AND GOOGLE ARE IN A %
UNIQUE POSITION TO TRACK THE %
HEALTH CRISIS WITH CONTRACT
CONTACT TRACING. %
THEY ARE REWORKING SYSTEMS %
TURNING BLUETOOTH INTO A TOOL %
FOR MEASURING PROXIMITY. %
SO YOU MAY KNOW IF YOU’VE BEEN %
EXPOSED TO THE VIRUS. %
>> APPLE AND GOOGLE ARE THE %
ONLY TWO COUNTRIES IN THE WORLD
MAKING TRACKING POSSIBLE. %
>> HOW DOES THAT WORK? %
PEOPLE COME INTO CLOSE CONTACT %
FOR A SUSTAINED AND UNSPECIFIED
PERIOD.
PERIOD. THEIR PHONE SINCE I DO BEGIN TO
IDENTIFY USERS ANONYMOUSLY. %
WHEN THEY GO THEIR SEPARATE %
WAYS, AND LATER ONE PERSON TEST
POSITIVE FOR COVID-19 THAT %
PATIENT UPLOADS HIS OR HER %
CONFIRMATION AND ALL THE KEYS %
CONNECTED WITH THE PHONE ARE %
ALERTED.
ALERTED. >> -- HIS APP SAFE PASS WILL %
WORK WITH THE SYSTEM. %
>> ONE OF THE MOST IMPORTANT %
THINGS IS IT HAS TO BE PRIVACY %
CENTERED.
CENTERED. THE MOST IMPORTANT ASPECT IS IT
HAS TO BE DISTRIBUTED. %
IT HAS TO BE DECENTRALIZED AND %
NO SINGLE LOCATION THAT HAS THE
INFORMATION ON WHO CAME INTO %
CONTACT WITH HIM. %
THAT CAN BE EASILY ABUSE. %
>> APPLE AND GOOGLE LINEUP PART
BUSY PROTECTION CLEARLY WITH
CONSENT REQUIRED. THEY DON’T
COLLECT INFORMATION ON LOCATION
DATA AND THE LIST OF PEOPLE YOU
HAVE COME INTO CONTACT WITH %
NEVER LEAVE YOUR PHONE. %
BUT PRIVACY CONCERNS STILL %
REMAIN A PIVOT POINT. %
>> A LOT OF PEOPLE DON’T LIKE %
IT FROM THE STANDPOINT OF %
CONSTITUTIONAL RIGHTS. %
>> THE ELECTRONIC FRONTIER
FOUNDATION EXAMINES THE %
INTERSECTION BETWEEN TECHNOLOGY
AND PRIVACY. %
>> THE BIGGEST THING I’M %
WORRIED ABOUT IS WHAT WE PUT IN
PLACE RIGHT NOW WILL STICK %
AROUND AFTER THE CRISIS HAS %
ENDED %
ENDED % >> COUNTRIES LIKE CHINA, SOUTH %
KOREA AND ISRAEL HAVE USED %
CONTACT TRACING EFFECTIVELY. %
EXPERTS SAY WITHOUT THE SAME %
ATTENTION TO PERSONAL PRIVACY. %
PLACING EVEN MORE SCRUTINY ON %
THE NOVEL EFFORTS HERE. %
>> IF BUILT CORRECTLY THIS %