Placeholder Image

Subtitles section Play video

  • thank you very much.

  • We just completed a very good meeting of the Corona Virus Task Force.

  • And we, uh, really, really doing a great job.

  • Are professionals results Avery Very, very good.

  • And when you compare this to what's happening around the world, proud of our people, it has been a tremendous amount of coordination with states with cities and there, Hey, a little smaller former government.

  • And they have things going well, they're coordinating with us and certain in particular, I think California has been terrific.

  • The relationship New York has been really good.

  • We've had some really good relationships in terms of especially the hot spots.

  • And we're focused on those hot spots, some areas we have no problem whatsoever, and we hope to keep it that way.

  • Before he turned this overto our great vice president to provide an update, I just wantto express my appreciation for the hard work done by the people behind me and the people back in the various offices, including the fact that I just left the Oval Office that we have some people, they're they're probably watching this or they're just working.

  • We're using the full power of the federal government to defeat the virus on.

  • That's what we've been doing.

  • Last week we secured an initial $8.3 billion from Congress for the Corona virus on that was quickly done and very efficiently done.

  • I wanna thank all members of Congress.

  • Yesterday I declared a national emergency, which was a very big deal because it opened up avenues that we would never be able to open up without it.

  • And, uh, it will make it more.

  • Then it will make more than $50 billion available to us immediately and disaster relief funds, and that's available for states, territories and local governments.

  • So that was really, really good.

  • We also reached an agreement yesterday on a new legislative package that will provide strong support for American families and communities in dealing with the Corona virus.

  • So it was done very, very bipartisan was it was very nice to see it probably, uh, the cooperation wanted.

  • Think Secretary of Treasury statement Merchant who?

  • Uh, they did a fantastic job, worked with Nancy Pelosi and their representatives, and it was really great, worked out very well, and a lot of people are benefiting by a lot of lot of provisions in the bill, which they're gonna be discussing with you today and the tremendous provisions.

  • So that's something that we should talk about.

  • I was honored to see that stuff market.

  • Well, mostly, they're with us.

  • Set a record in a short period of time over a 45 minute period that we had the press conference yesterday in the Rose Garden.

  • That's it.

  • I was a record all time record.

  • I think we should do one of them every day.

  • Perhaps.

  • How about about five times a day, we'll do 15 times a day.

  • But that was something to watch, and I had no idea.

  • We walked back, I said, So how did that work out?

  • Isn't so You just set a new record in the history of the stock market.

  • That was pretty good.

  • And those great companies that were there, they couldn't have been too unhappy, either.

  • When you think about it, because they will very big publicly listed company, so they did a good job and more importantly, they're going to do a good job.

  • When you look at CBS and Wal Mart and all of the tremendous people that were there yesterday, these are the biggest and the best, and they're opening up their facilities.

  • They're opening up.

  • They're right now, literally working right now on opening, doing something that's never been done before to the extent that we're doing it, and so we're very proud of them.

  • Also, the bill provides for Free Corona virus testing for all Americans who should be tested.

  • So people that getting tested are getting this free.

  • They don't have to take a lot of people, said J.

  • It's a lot of money, and it is.

  • It's a It's a pretty complex test, actually, and it costs money and it's being provided free, so people have to worry about that.

  • It also provides paid sick and family medical leave for those who need it, including for those who have the virus for caregivers and those looking after Children affected by school closures.

  • So that's all taken care of also and will continue all of these different actions.

  • We have other things planned.

  • We're gonna also be working with companies that are affected financially.

  • Our country is in the best financial shape we've so different in the past.

  • Over the years of you, look at some of the real big crises we had.

  • It was financial problems and different things.

  • We now are in very, very strong financial shape.

  • With all of the trade and all of the other things that we've been doing.

  • It's been pretty amazing.

  • We hope the Federal Reserve will finally get on board and do what they should do because we're doing things that they should be doing frankly.

  • Way could all do him together, but they should be much more proactive.

  • Other boards and other countries and people representing those countries are taking a much more aggressive action than are fed for the most part would like to see the If you look at Central banks yesterday what they did, we want to see our our Federal Reserve be much more proactive.

  • It's important, but in the meantime we're doing things that that are that have been really well received.

  • I guess you saw that yesterday at the end of the day, with what we've done.

  • We have a lot of things to tell you in terms of respirators, in terms of all of the different things or the masks are are being made by the millions, millions and millions we have plenty now, but we're ordering for the millions.

  • We're ordering worst case scenario.

  • Always.

  • We always say worst case scenario, and that's where we're going.

  • So I just wantto thank you, everybody.

  • I think the press has been really over the last 24 hours.

  • I think the representation is really been very fair, for the most part, been very fair.

  • We're all in this together.

  • It's something that nobody expected.

  • It came out of China, and it's one of those things that happened.

  • Nobody's fault.

  • Well, uh, we all will solve.

  • This problem will solve it.

  • Well, I think the American people have been incredible in the way they've acted.

  • There's been, And if you look at companies and sports leagues and all of the things, what they've done is is just something very special without being told necessarily.

  • In some cases, perhaps they were told, actually, but for the most part they want to get it over with.

  • They want to get it over with quickly and with very little death.

  • As of this moment, we have 50 deaths, which is, uh, a lot of good decisions were made of.

  • That number could be many times that that's based on a lot of good decisions.

  • One or two in particular.

  • You know, that Europe was declared the hot spot yesterday.

  • A big guts, but number one and, uh, way made a decision, but a bit prior to that.

  • But we saw what was happening.

  • But if you have any questions, this'll group will.

  • You're very happy to do it.

  • But I just want to say they have been a led by Mike Pence.

  • They have been incredible.

  • The job they don't.

  • They're working 20 hours a day.

  • This man is working 20 hours a day.

  • Or maybe more more, more.

  • Tony has been working.

  • I'm just looking at this old group.

  • We've created a number of new stars, including gentleman right behind May.

  • I watched him the other day for such a fantastic job.

  • I really appreciate it, but they're gonna be answering questions, and we have a lot of new information, so I think you'll find it very interesting and I'll be going back to the Oval Office.

  • Thanks.

  • Hi, everyone.

  • George Stephanopoulos here.

  • Thanks for checking on ABC News YouTube channel.

  • If you'd like to get more video show highlights and watch live event coverage, click on the right over here to subscribe to our channel.

  • And don't forget the download.

  • The ABC News After breaking news alerts Thanks for watching.

thank you very much.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it