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Trump Addresses The Nation On Coronavirus From Oval Office | NBC News (Live Stream)

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TELLS ME THE PRESIDENT WILL LIKELY ANNOUNCE SOME EXPANDED TRAVEL RESTRICTIONS ANOTHER OPTION UNDER CONSIDERATION, THE POSSIBILITY OF DECLARING A NATIONAL DISASTER WHICH COULD FREE UP AS MUCH AS $40 BILLION IN FEDERAL FUNDS

NOW, EARLIER IN THE DAY, THE PRESIDENT TWEETED THAT HE IS PREPARED TO USE THE FULL POWER OF THE FEDERAL GOVERNMENT TO DEAL WITH OUR CURRENT CHALLENGE >> ALL RIGHT AT THE WHITE HOUSE NOW, HERE IS THE PRESIDENT OF THE UNITED STATES >> MY FELLOW AMERICANS TONIGHT I WANT TO SPEAK WITH YOU ABOUT OUR NATION'S UNPRECEDENTED RESPONSE TO THE CORONAVIRUS OUTBREAK

IT STARTED IN CHINA AND IS NOW SPREADING THROUGHOUT THE WORLD TODAY, THE WORLD HEALTH ORGANIZATION OFFICIALLY ANNOUNCE THAT HAD THIS IS A GLOBAL PANDEMIC WE HAVE BEEN IN FREQUENT CONTACT WITH OUR ALLIES AND WE ARE MARSHALLING THE FULL POWER OF THE FEDERAL GOVERNMENT AND THE PRIVATE SECTOR TO PROTECT THE AMERICAN PEOPLE THIS IS THE MOST AGGRESSIVE AND COMPREHENSIVE EFFORT TO CONFRONT A FOREIGN VIRUS IN MODERN HISTORY I AM CONFIDENT THAT BY CONTINUING TO TAKE THESE TOUGH MEASURES, WE WILL SIGNIFICANTLY REDUCE THE THREAT TO OUR CITIZENS AND WE WILL ULTIMATELY AND EXPEDITIOUSLY DEFEAT THIS VIRUS

FROM THE BEGINNING OF TIME, NATIONS AND PEOPLE HAVE FACED UNFORESEEN CHALLENGES, INCLUDING LARGE SCALE AND VERY DANGEROUS HEALTH THREATS THIS IS THE WAY IT ALWAYS WAS AND ALWAYS WILL BE IT ONLY MATTERS HOW YOU RESPOND, AND WE ARE RESPONDING WITH GREAT SPEED AND PROFESSIONALISM OUR TEAM IS THE BEST ANYWHERE IN THE WORLD AT THE VERY START OF THE OUTBREAK, WE INSTITUTED SWEEPING TRAVEL RESTRICTIONS ON CHINA AND PUT IN PLACE THE FIRST FEDERALLY MANDATED QUARANTINE IN OVER 50 YEARS

WE DECLARED A PUBLIC HEALTH EMERGENCY AND ISSUED THE HIGHEST LEVEL OF TRAVEL WARNING ON OTHER COUNTRIES AS THE VIRUS SPREAD ITS HORRIBLE INFECTION AND TAKING EARLY INTENSE ACTION, WE HAVE SEEN DRAMATICALLY FEWER CASES OF THE VIRUS IN THE UNITED STATES THAN ARE NOW PRESENT IN EUROPE THE EUROPEAN UNION FAILED TO TAKE THE SAME PRECAUTIONS AND RESTRICT TRAVEL FROM CHINA AND OTHER HOT SPOTS AS A RESULT, A LARGE NUMBER OF NEW CLUSTERS IN THE UNITED STATES WERE SEEDED BY TRAVELERS FROM EUROPE AFTER SPEAKING WITH OUR HEALTH PROFESSIONALS, I HAVE DECIDED TO TAKE SEVERAL STRONG BUT NECESSARY OPTIONS TO PROTECT THE HEALTH AND WELL BEING OF ALL AMERICANS

TO KEEP NEW CASES FROM ENTERING OUR SHORES, WE WILL BE SUSPENDING ALL TRAVEL FROM EUROPE TO THE UNITED STATES FOR THE NEXT 30 DAYS THE NEW RULES WILL GO INTO EFFECT FRIDAY AT MIDNIGHT THESE RESTRICTIONS WILL BE ADJUSTED SUBJECT TO CONDITIONS ON THE GROUND THERE WILL EXEMPTIONS FOR AMERICANS WHO HAVE UNDERGONE APPROPRIATE SCREENINGS AND THESE PROHIBITIONS WILL NOT ONLY APPLY TO THE TREMENDOUS AMOUNT OF TRADE AND CARGO BUT VARIOUS OTHER THINGS AS WE GET APPROVAL ANYTHING COMING FROM EUROPE TO THE UNITED STATES IS WHAT WE ARE DISCUSSING

THESE RESTRICTIONS WILL ALSO NOT APPLY TO THE UNITED KINGDOM AT THE SAME TIME, WE ARE MONITORING THE SITUATION IN CHINA AND SOUTH KOREA AND AS THEIR SITUATION IMPROVES, WE WILL RE-EVALUATE THE RESTRICTIONS AND WARNING THAT'S ARE CURRENTLY IN PLACE FOR A POSSIBLE EARLY OPENING EARLIER THIS WEEK I MET WITH THE LEADERS OF HEALTH INSURANCE INDUSTRY WHO HAVE AGREED TO WAIVE ALL CO-PAYMENTS FOR CORONAVIRUS TREATMENTS, EXTENDING JUNE'S COVERAGE TO THESE TREATMENTS AND TO PREVENT SURPRISE MEDICAL BILLING WE ARE CUTTING MASSIVE AMOUNTS OF RED TAPE TO MAKE ANTIVIRAL THERAPIES AVAILABLE IN RECORD TIME

THESE TREATMENTS WILL SIGNIFICANTLY REDUCE THE IMPACT AND REACH OF THE VIRUS ADDITIONALLY, LAST WEEK I SIGNED INTO LAW AN $83 BILLION FUNDING BILL TO HELP CDC AND OTHER GOVERNMENT AGENCIES FIGHT THE VIRUS AND SUPPORT VACCINES, TREATMENTS AND DISTRIBUTION OF MEDICAL SUPPLIES, TESTING AND TESTING CAPABILITIES ARE EXPANDING RAPIDLY DAY BY DAY WE ARE MOVING VERY QUICKLY THE VAST MAJORITY OF AMERICANS, THE RISK IS VERY, VERY LOW

YOUNG AND HEALTHY PEOPLE CAN EXPECT TO RECOVER FULLY AND QUICKLY IF THEY SHOULD GET THE VIRUS THE HIGHEST RISK IS FOR ELDERLY POPULATION WITH UNDERLYING HEALTH CONDITIONS THE ELDERLY POPULATION MUST BE VERY, VERY CAREFUL IN PARTICULAR, WE ARE STRONGLY ADVISING THAT NURSING HOMES FOR THE ELDERLY SUSPEND ALL MEDICALLY UNNECESSARY VISITS IN GENERAL, OLDER AMERICANS SHOULD ALSO AVOID NONESSENTIAL TRAVEL IN CROWDED AREAS

MY ADMINISTRATION IS COORDINATING DIRECTLY WITH COMMUNITIES WITH THE LARGEST OUTBREAKS, AND WE HAVE ISSUED GUIDANCE ON SCHOOL CLOSURES, SOCIAL DISTANCING AND REDUCING LARGE GATHERINGS SMART ACTION TODAY WILL PREVENT THE SPREAD OF THE VIRUS TOMORROW EVERY COMMUNITY FACES DIFFERENT RISKS AND IT IS CRITICAL FOR YOU TO FOLLOW THE GUIDE LINES OF YOUR LOCAL OFFICIALS WHO ARE WORKING CLOSELY WITH OUR FEDERAL HEALTH EXPERTS, AND THEY ARE THE BEST FOR ALL AMERICANS, IT IS ESSENTIAL THAT EVERYONE TAKE EXTRA PRECAUTIONS AND PRACTICE GOOD HYGIENE EACH OF US HAS A ROLE TO PLAY IN DEFEATING THIS VIRUS

WASH YOUR HANDS, CLEAN OFF SURFACES, COVER YOUR FACE AND MOUTH IF YOU SNEEZE OR COUGH, AND MOST OF ALL, IF YOU ARE SICK OR NOT FEELING WELL, STAY HOME TO ENSURE THAT WORKING AMERICANS IMPACTED BY THE VIRUS CAN STAY HOME WITHOUT FEAR OF FINANCIAL HARDSHIP, I WILL SOON BE TAKING EMERGENCY ACTION WHICH IS UNPRECEDENTED, TO PROVIDE FINANCIAL RELIEF THIS WILL BE TARGETED FOR WORK HERE'S ARE ILL, QUARANTINED OR CARING FOR OTHERS DUE TO CORONAVIRUS I WILL BE ASKING CONGRESS TO TAKE LEGISLATIVE ACTION TO EXTEND THIS RELIEF BECAUSE OF THAT'S WE HAVE PUT INTO PLACE, OVER THE LAST THREE YEARS, WE HAVE THE GREATEST ECONOMY ANYWHERE IN THE WORLD BY FAR

OUR BANKS AND FINANCIAL INSTITUTIONS ARE FULLY CAPITALIZED AND INCREDIBLY STRONG OUR UNEMPLOYMENT IS AT AN HISTORIC LOW THIS VAST ECONOMIC PROSPERITY GIVES US FLEXIBILITY, RESERVES AND RESOURCES TO HANDLE ANY THREAT THAT COMES OUR WAY THIS IS NOT A FINANCIAL CRISIS THIS IS JUST A TEMPORARY MOMENT OF TIME THAT WE WILL OVERCOME TOGETHER AS A NATION AND AS A WORLD

HOWEVER, TO PROVIDE EXTRA SUPPORT FOR AMERICAN WORKERS, FAMILIES AND BUSINESSES, TONIGHT I AM ANNOUNCING THE FOLLOWING ADDITIONAL ACTIONS I AM INSTRUCTING THE SMALL BUSINESS ADMINISTRATION TO EXERCISE AVAILABLE AUTHORITY TO PROVIDE CAPITAL LIQUIDITY TO FIRMS AFFECTED BY THE CORONAVIRUS EFFECTIVE IMMEDIATELY, THE SBA WILL BEGIN PROVIDING ECONOMIC LOANS IN AFFECTED STATES AND TERRITORIES THESE LOW INTEREST LOANS WILL HELP SMALL BUSINESSES OVERCOME TEMPORARY ECONOMIC DISRUPTIONS CAUSED BY THE VIRUS TO THIS END I AM ASKING CONGRESS TO INCREASE FUNDING FOR THIS PROGRAM BY AN ADDITIONAL $50 BILLION

USING EMERGENCY AUTHORITY, I WILL BE INSTRUCTING THE TREASURY DEPARTMENT TO DEFER TAX PAYMENTS WITHOUT INTEREST OR PENALTIES FOR CERTAIN INDIVIDUALS AND BUSINESSES NEGATIVELY IMPACTED THIS ACTION WILL PROVIDE MORE THAN $200 BILLION OF ADDITIONAL LIQUIDITY TO THE ECONOMY FINALLY, I AM CALLING ON CONGRESS TO PROVIDE AMERICANS WITH MED-PAY ROLL TAX RELIEF HOPEFULLY, THEY WILL CONSIDER THIS VERY STRONGLY WE ARE AT A CRITICAL TIME IN THE FIGHT AGAINST THE VIRUS

WE MADE A LIFE SAVING MOVE WITH EARLY ACTION ON CHINA NOW WE MUST TAKE THE SAME ACTION WITH EUROPE WE WILL NOT DELAY I WILL NEVER HESITATE TO TAKE ANY NECESSARY STEPS TO PROTECT THE LIVES, HEALTH AND SAFETY OF THE AMERICAN PEOPLE I WILL ALWAYS PUT THE WELL-BEING OF AMERICA FIRST

IF WE ARE VIGILANT AND WE CAN REDUCE THE CHANCE OF INFECTION, WHICH WELL, WE WILL SIGNIFICANTLY IMPEDE THE TRANSMISSION OF THE VIRUS THE VIRUS WILL NOT HAVE A CHANCE AGAINST US NO NATION IS MORE PREPARED OR MORE RESILIENT THAN THE UNITED STATES WE HAVE THE BEST ECONOMY, THE MOST ADVANCED HEALTH CARE, AND THE MOST TALENTED DOCTORS, SCIENTISTS AND RESEARCHERS ANYWHERE IN THE WORLD WE ARE ALL IN THIS TOGETHER

WE MUST PUT POLITICS ASIDE, STOP THE PARTISANSHIP AND UNIT IDENTIFY TOGETHER AS ONE NATION AND ONE FAMILY AS HISTORY HAS PROVEN TIME AND TIME AGAIN, AMERICANS ALWAYS RISE TO THE CHALLENGE AND OVERCOME ADVERSITY OUR FUTURE REMAINS BRIGHTER HANDLE THE ANYONE CAN IMAGINE ACTING WITH COMPASSION AND LOVE, WE WILL HEAL THE SICK, HELP OUR FELLOW CITIZENS AND EMERGE FROM THIS CHALLENGE STRONGER AND MORE UNIFIED THAN EVER BEFORE GOD BLESS YOU AND GOD BLESS AMERICA

THANK YOU >> PRESIDENT TRUMP, AN OVAL OFFICE ADDRESS ADDRESSING THE CORONAVIRUS WHAT IS NOW DECLARED BY THE WORLD HEALTH ORGANIZATION AS OF TODAY A GLOBAL PANDEMIC THE PRESIDENT POINTING A FINGER OF BLAME AT EUROPE AT THE SPREAD OF DISEASE WE'VE SEEN IN THE US

ONE OF THE HEADLINES IS CALLING FOR A SUSPENSION OF FLIGHTS FROM EUROPE TO THE UNITED STATES, BEGINNING THIS FRIDAY WITH FEW EXCEPTIONS THE PRESIDENT ANNOUNCING PLANS TO PROVIDE EMERGENCY FINANCIAL RELIEF TO SOME INDIVIDUALS AND BUSINESSES IMPACTED BY THE CORONAVIRUS WITH ME RIGHT NOW IS NBC NEWS CORRESPONDENT DR JOHN TORRES AND OUR SENIOR CORRESPONDENT, STEPHANIE FIRST, THE PRESIDENT LAID OUT A NUMBER OF ECONOMIC STEPS

WHAT STOOD OUT TO YOU? >> THE SMALL BUSINESS LOANS, $50 BILLION THAT'S A BIG NUMBER AND IT SHOULD BE HELPFUL WE'RE A SERVICE BASED ECONOMY NOT A MANUFACTURING BASED ECONOMY LET'S SAY IT IS A RESTAURANT

THAT LOAN MIGHT HELP ME, I CAN PAY MY RENT BUT I NEED TO SERVE PEOPLE DINNER TONIGHT, TOMORROW, NEXT WEEK IF WE DON'T GET CUSTOMERS BACK FOR SIX WEEKS OR SIX MONTHS, YOU'LL NEVER GET THAT MONEY BACK YES, PEOPLE WILL GET LOANS BUT IT WILL BE TOUGH TO GET MONEY LONG TERM BEING A SERVICE BASED ECONOMY, IT IS DIFFICULT TO GET CONSUMERS BACK

>> HE MENTIONED THE PAY ROLL TAX CUT WOULD THAT MAKE AN IMPACT? >> IT WOULD MAKE AN IMPACT FOR A PORTION OF SOCIETY WE HAVE A LOT OF PEOPLE WHO AREN'T WORKING AND THINK ABOUT THE 6 MILLION PEOPLE, SELF-EMPLOYED PEOPLE THEY'RE CONTRACTORS

YOU HAVE TO REMEMBER THE PRESIDENT CAN'T DO THIS BY EXECUTIVE ACTION HE HAS TO GET CONGRESSIONAL APPROVAL TO GET REPUBLICANS AND DEMOCRATS TO AGREE TO THIS, THE DEMOCRATS HAVE SAID, THEY DON'T LIKE THE IDEA OF A PAY ROLL TAX CUT >> I NOTICED THE PRESIDENT DIDN'T SOUND MUCH OF AN ALARM THAT THIS WILL GET WORSE SIGNIFICANTLY WORSE

HE ALSO DIDN'T TALK ABOUT THE WHOLE TESTING ISSUE WHAT DO WE KNOW ABOUT AMERICANS GETTING TESTED? >> WE AREN'T GETTING ALL TESTS WE WANT OUT THERE THEM 1 MILLION BY THE END OF LAST WEEK 4 MILLION BY THE END OF THIS WEEK THAT'S TESTING

GO AND DOCTORS ARE SAYING THEY'RE STILL HAVING TROUBLE FIGURING OUT HOW TO GET THE TESTS THEY'RE CALLING THE PUBLIC HEALTH DEPARTMENT WE STILL NEED TO GET THE TESTING UNDER CONTROL IT MIGHT NOT AFFECT MEG BECAUSE IT WON'T AFFECT TREATMENT A WHOLE LOT BUT FROM A NATIONAL STANDPOINT, IT WILL TELL US WHERE TO PUT OUR RESOURCES

>> IF I SHOW UP AT MY DOCTOR'S DOOR STEP AND SAY I HAVE A TICKLE IN MY THROAT >> IF YOUR DOCTOR AGREES TO GET YOU TESTED, HE'LL SAY WHAT SYMPTOMS DO YOU HAVE IF HE SAYS YEAH, YOU NEED TO GET TESTED THEY'LL HAVE TO CALL THE PUBLIC HEALTH DEPARTMENT AND THEY WILL MAKE DECISION, TOO AND THEN THE TEST GETS DONE IN A DOCTOR'S OFFICE BUT IT GETS SENT TO A PUBLIC HEALTH OFFICE AND THAT USUALLY MEANS A THREE OR FOUR-DAY DELAY

I THINK IT WILL BE FASTER >> WE NOTICED SOME OF THE THINGS PRESIDENT HAS MENTIONED HAVE BEEN BROUGHT UP ON CAPITOL HILL THE SUBJECT OF DEBATE HOW MUCH CAN HE DO ON HIS OWN? HOW MUCH WILL REQUIRE CONGRESS TO ACT? >> Reporter: THERE IS A CERTAIN BYNUM AGREEMENT THEY WANT TO DO SOMETHING QUICKLY WHEN YOU HEAR THE PRESIDENT TALKING ABOUT EXPANDED AID FOR SMALL BUSINESSES, THAT IS SOMETHING HE SEEMED TO POINT TO

THAT HE WOULD BE ABLE TO DO THROUGH EXECUTIVE ACTION WHEN YOU TALK ABOUT THE PAY ROLL TAX CUTS, HE WOULD NEED DEMOCRATS ON BOARD FOR THAT HE WOULD NEED CONGRESSIONAL APPROVAL AS STEPHANIE JUST NOTED, THAT WILL BE VERY DIFFICULT THE DEMOCRATS SAYING THEY ARE NOT ON BOARD WITH THAT

DEMOCRATS PROPOING THEIR OWN PACKAGE THEY WANT TO MOVE ON THIS WEEK IT WOULD INCLUDE EXPANDED AID FOR THOSE OUT OF WORK, PAID SICK LEAVE, ALSO, EXPANDED AID FOR CHILDREN IN NEED, FOR EXAMPLE FOR THEIR SCHOOL LUNCHES SO THEY HAVE A DIFFERENT SET OF PRIORITIES HAVING SAID THAT, LESTER, THERE IS BROAD AGREEMENT ON BOTH SIDES OF THE AISLE

THAT THERE NEEDS TO BE SOME TIME OF CONGRESSIONAL ACTION TO PUT MORE MONEY FOR FEDERAL FUNDS INTO DEALING WITH THIS CRISIS PRESIDENT TRUMP CLEARLY WITH THIS SPEECH AIMING TO TAMP DOWN THE CONCERNS ABOUT NOT ONLY THE CORONAVIRUS BUT ALSO THE ECONOMY IN TALKING TO LAWMAKERS ON CAPITOL HILL, THEY SAY BECAUSE THERE IS SO MUCH MIXED MESSAGING, THEY NEED TO GET ON THE SAME PAGE >> LET ME BRING YOU IN HE SPENT THE DAY IN BALTIMORE TO SEE HOW THEY'RE PREPARING FOR A SURGE OF NEW PATIENTS

AS WE POINLTH OUT, THE PRESIDENT DIDN'T TALK ABOUT THERE COULD BE A SURGE THAT THIS WILL GET WORSE I KNOW SOME OF YOUR REPORTING TODAY SUGGESTS THAT THEY ARE PREPARING FOR WORST CASE >> LISTEN, THE TOP PEOPLE THIS HEALTH CARE NATIONWIDE ARE VERY CONCERN THAT HAD THIS IS GOING TO GET WORSE AND TODAY, DR FAUCI SAID THAT ON CAPITOL HILL

THEY ARE CONCERNED AS IT GETS WORSE, THE ERs AND ICU'S WILL GET FLOODED WITH PATIENTS THEY SAY WE DON'T THINK WE CAN STOP THIS VIRUS FROM SPREADING THE PROBLEM IS, IT IS IN THE COMMUNITY AND IT IS ALREADY SPREADING

WHAT THEY'RE HOPING TO DO IS TO SLOW THE SPREAD WHY? THEY WOULD LIKE THE SLOW THE SPREAD OF PEOPLE GOING TO E AREs AND ICU'S ACROSS THE COUNTRY IF IT ALL HAPPENS AT ONCE, IT COULD CRASH THE SYSTEM IF IT IS A SLOW APPROACH

IF PEOPLE ARE GOING TO HOSPITALS OVER THE COURSE OF WEEKS AND MONTHS, IF WE CAN SLOW IT OUT THROUGH CANCELING SCHOOL, PUBLIC EVENTS, MORE PEOPLE STAY HOME, MAYBE IT WILL HELP PREVENT THE ENTIRE SYSTEM, UNABLE TO CARE FOR NOT JUST THE CORONAVIRUS PATIENTS OR SOMEONE WHO HAS A HEART ATTACK OR A CAR ACCIDENT THAT COULD OVERWHELM THE SYSTEM >> LET ME GO BACK TO ONE OF THE THINGS THE PRESIDENT TALKED ABOUT, BANNING AIR TRAVEL FROM EUROPE WHAT DO WE KNOW ABOUT THE THREAT FROM EUROPE? >> WE'RE TRYING ON FLATTEN THAT CURVE GETTING A SLOWER SPREAD

WE KNOW IT IS HERE THE SPREAD WILL BE HERE WE KNOW IN EUROPE, THE HOT SPOT IS ITALY EUROPE HAS OPEN BORDERS IT WILL BE HARD TO TELL WHERE PEOPLE ARE COMING FROM

I THINK THATS THE BASIS BEHIND IT WE DON'T WANT PATIENTS FROM ITALY THEY'RE HAVING A LOT OF CASES IT IS HARD TO ISOLATE ITALY FROM ANYWHERE ELSE I THINK THAT'S WHAT HE'S TRYING TO DO

IT IS A BIG STEP TYPE WILL TELL WHETHER IT IS AFFECTED >> DO WE KNOW ANY NUMBER, HOW MANY PEOPLE ARE AFFECTED IN THIS COUNTRY? >> WE DON'T KNOW WE'RE TESTING A LOT MORM WE KNOW ABOUT >> WE'LL CONTINUE TO FOLLOW THE LATEST ON THE PANDEMIC

FOR NOW, I'M LESTER HOLT NBC NEWS, NEW YORK GOOD EVENING

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