WE NEED THREE TIMES THAT. IT HAS TO BE AVAILABLE IN EVERY
MEDICAL CENTER IN THE COUNTRY
AND RAPID AS POSSIBLE.
STUART: PRESIDENT TRUMP HAS BEEN
TWEETING ABOUT THIS, I WILL READ
IT TO YOU THE LATEST
PRESIDENTIAL TWEET.
PRESIDENTIAL TWEET. AS USUAL JAY POWELL AND THE
FEDERAL RESERVE ARE SLOW TO ACT.
GERMANY AND OTHERS ARE PUMPING
MONEY INTO THEIR ECONOMIES.
OTHER CENTRAL BANKS ARE MUCH
MORE DOING IT MUCH MORE
AGGRESSIVELY.
AGGRESSIVELY. THE U.S. SHOULD HAVE FOR ALL OF
THE RIGHT REASONS THE LOWEST
RATE.
RATE. WE DON’T, PUTTING US AT A
COMPETITIVE DISADVANTAGE.
COMPETITIVE DISADVANTAGE. WE SHOULD BE LEADING NOT
FOLLOWING.
FOLLOWING. GREG, YOU THIS THE PRESIDENT IS
SAYING EXACTLY WHAT YOU’VE BEEN
SAYING?
SAYING? >> YOU COULD HAVE PREDICTED THAT
TWEET.
TWEET. I’M SURPRISED IT TOOK HIM THAT
LONG TO SAY SOMETHING LIKE THAT.
THIS IS A PERIOD WE NEED TO RELY
ON THE EXPERTS, DOCTORS AND
SCIENTISTS.
SCIENTISTS. I’M NOT SURE IT IS ALL THAT
PRODUCTIVE FOR TRUMP TO SAY THAT
THE FED WILL MOVE, POWELL
INDCAUGHTED THAT ON FRIDAY.
IT WAS NOT A HELPFUL TWEET.
STUART: KEITH PUTS, YOU THINK
THE PRESIDENT AND LOTT OF
INVESTORS WOULD LIKE THE RATE
CUT NOW, NOT NEXT WEEK, NOW.
>> THE FED CAN’T BE SYCOPHANTS
TO TRUMP.
TO TRUMP. THEY HAVE TO DO IT AT THEIR
PACE.
PACE. THERE IS FED MEETING IN COUPLE
WEEKS.
WEEKS. MAYBE WE’LL WAIT UNTIL THEN.
THE FED CAN’T SHOW THE WORLD IT
DOES EXACTLY WHAT TRUMP WANTS AT
THE TIME HE WANTS.
STUART: REBECCA WALSER, COME
INTO THIS PLEASE.
IF WE HAD A RATE CUT BY THE
FEDERAL RESERVE IN THE VERY NEAR
FUTURE, WOULD THAT HELP?
>> I THINK WHAT YOU’RE SEEING
FEDERAL RESERVE JEROME POWELL ON
FRIDAY, LETTING PEOPLE KNOW,
CALMING MARKETS THAT THE FED
WILL IS WATCHING AND WILL TAKE
ACTION THAT IS APPROPRIATE.
WE SAW THE REBOUND ON FRIDAY
AFTERNOON AS SUSAN MENTIONED.
THE FED IS A FACTOR HERE.
WE LOOK FOR THAT.
AGAIN WE’LL STILL HAVE EMOTIONAL
BACK AND FORTH.
ONCE CASES ARE SPREADING IN THE
UNITED STATES, PEOPLE WILL
EMOTIONALLY OVERREACT.
EMOTIONALLY OVERREACT. SO WE HAVE TO BE PREPARED FOR
THAT.
THAT. THIS IS GOING TO SPREAD.
THIS IS GOING TO AFFECT US.
IT IS GOING TO AFFECT TRAVEL AND
MAKE PEOPLE STAY HOME.
CONFERENCES ARE BEING CANCELED.
WE HAVE TO BE PREPARED FOR THAT
AND THE FED IS NOT GOING TO BE
ABLE TO STOP THAT FULL STOP.