Will announce a statewide stay at home order. This comes after the california governor issued a similar order affecting his states 40 million residence. Los angeles mayor spoke to katie and told the dthe today show doesnt know how long it will remain in place. My expectation is for a month. It could be longer than that. In china it was a twomonth order. Thats the only way you flatten that curve. During his Daily Briefing with the White House CoronavirusTask Force President trump also announced a number of key actions. The Treasury Department is giving you an extra three months to file your taxes moving the deadline from april 15th to july 15th. Most states have not made that move yet. Were expecting they will. The Education Department has granted borrows a 60day break in making loan mapayments. Theyve asked for no evictions or foreclosures during this period. The president has triggered emergency war power tos to speep the production of medical supplies. The most serious announcement is that mexico has joined canada in reaching an agreement with the United States to bar nonessential travel between the countries. Chad wolf says its not a complete order shutdown. Neither of these agreements with candor mexico applies to lawful trade or commerce. Essential commercial activities will not be impacted. Were maintain a strong and secure economic supply chain. A few examples include, but not limited to, individuals traveling for medical purposes, to attend educational institutions, emergency response, Public Health services and individuals engaged in lawful cross border trade. Interestingly enough it will latest developments are affecting wall street negatively. We started the day in positive territory. The dow is 3. 29 off. Well follow that over the course of the next hour. Senator Majority Leader Mitch Mcconnell said he would like to see a bipartisan deal on an economic stimulus package by midnight tonight with a final vote on monday. Lets begin with the continuing efforts by states and cities to limit the spread of coronavirus. Gaudy schwartz is one of the californians affected by the stay at home order. I hope you and your family are well. Tell me what this order means for california. What can people do and not do as a result . Thats a big question today for 40 million californians. What does stay at home mean . Is this a full on shutdown . Does everybody have to shelter in place . The answer is nuanced. Theres a lot of things you can do. You were talking about the supply chain a little earlier. That is something that is essentially to society. The dos and donts. You can still go to the Grocery Store. You can get essentials for your house. That means anything like food, takeout at restaurants. You can call up a restaurant and get takeout or delivery. You can go on Public Transportation to essential services. If you need medication from a pharmacy, those are going to be open. You can still ride the bus to get there. Bus drivers, uber drivers, theyre essential to society and theyll be able to go to work. However, pretty much everybody else is being asked to stay at home. They are saying its much safer at home and that means that 40 million californians are going to be looking at a completely different new normal. The number that jumps out in all of this is the number we heard from Gavin Newsome yesterday. They were looking at projections and they were basing all of this on the assumptions that 25 million californians could get covid19 within the next eight weeks. That is something that stopped everybody in their tracks. Thats the number that was shared with the white house. Thats the number being shared with the public. Hopefully these mitigation efforts help this number go down. 25 Million People in california could get covid19 in the next eight weeks. Thats why theyre hoping everybody stays at home and keeps that social distance, six feet away from each other. The thing that none of us can understand and none of our leaders can tell us is how long these things are in effect for. How long and what does that look like to Eric Garcetti or governor newsome. Is there a plan for how long people can stay home for . Were talking about the most popular state in the country. Weve heard one month to two months. You heard the governor talk about what this is going to do to schools. He basically said he told his daughter it may be all the way until the beginning of the next school year which is past this summer where things get back to normal. Its a big question mark. The key component is making sure those supply chains stay open so people can hunker down in their homes and go to the Grocery Store and get the bare necessities. In new york you named a number of exceptions including the media. Were both working from our homes now and thats part of social distancing and allow other people to not have to be at work as well. Media is generally excepted for this. They can go around because governors have said in many cases theres so much conflicting information government is relying on the media to tell these stories. Absolutely. We got a document that says we are critical in whats going on right now. It allows us to travel. There are other industries and sectors getting similar things. For now the state of california is saying that for the most part all of it is going to be based on society doing its own policing. They dont have enough Law Enforcement officers to make sure everybody is complying. Theyre hoping the social contract that keeps us altogether as a society is what allows people to use common sense. If you dont need to be out, stay indoors. If you need to be out, make sure its for the essentials. Social contact has now become very relevant. Gaudy stay safe. Health professionals all around the country facing brand new worries as the number of critical supplies satart to decrease. The shortage as the cdc recommending that doctors and nurses use homemade masks or bandanas as a last resort. This is america in 2020. Were asking medical professionals to use homemade masks. Now the Massachusetts Medical Society is saying personal prote protective is dire. Doctor, this is important for people to remember. Whether or not you think youre going to contract coronavirus or if you did, it wont kill you. For every day we didnt have coronavirus, we have millions of americans who need Emergency Health care or health care that requires them to be in a hospital or to seek out nurses and doctors. That protective equipment weve taken for advantage, gloves, ma masks, thats what keeps your entire industry safe and youre now on the frontline of this. Thats absolutely true. Thank you so much for bringing this forward as a topic to the american public. We are in a time of an emergency with regard to equipment for personal protective equipment to protect our Health Care Workforce as well as our patients in our communities. Let me ask you about something that the president said earlier. He was asked about the supply or equipment. This is the response he gave. I want to give your sense how you feel about that. Governors are supposed to be doing a lot of this work. They are doing a lot of this work. The federal government isnt supposed to be buying vast amounts of items and then shipping them. Were not a shipping clerk. Doctor, i dont know if thats true, but i think like most american citizens im looking for if there are a shortage of things, emergency circumstances, things you need, if we have emergency war measures in place, im thinking back to wars where we asked factories to start making these things. Thats an effort that does seem to be led by the federal government. Ali, what we need to do as a country is come together to make sure this equipment is available for our patients, our communities and the health and safety of our health care providers. If we dont have this equipment, we wont be able to care for our patients. We wont be able to do testing. We need the equipment to do testing and care for patients. We need the equipment to keep our Health Care Workforce safe. Without it were jeopardizing the lives of everyone. This is a requirement to bring this equipment forward. However we get that done we as a country need to come forward and find a way to accomplish that. We need to make it happen. Mary ann baumba, we can keep our distance. Unfortunately, the medical community, you cannot do that. Our thoughts and gratitude are with you and your colleagues. Another major issue is a spike in lay offs and unemployment claims. The Labor Department said first time unemployment claims rose to 281,000 last week. Thats an increase of 70,000 from the week before. This is before some of these orders to stay home and close businesses happened. This week state unemployment offices have been releasing figures of new claims. But the New York Times reports that the federal Labor Department has instructed state officials to use generalities to describe claim levels until the total number of National Claims is released next thursday. Heres why they may be doing that. Goldman saks estimates there could be 2. 75 million unemployment claims this week. 2. 75 million. Jolene kent is following this story closely. Jolene, whats the issue here . This is going to be inundating state unemployment offices, maybe of which have asked their people to work on an asneeded basis. Weve been talking to the california folks in charge of unemployment claims. Were hearing theyve just been slammed and never had this type of tsunami wave come at them. They tell us it is unprecedented. What else we know is theyre trying to staff up in the middle of coronavirus, allowing their workers to work remotely, but also bring people in, bring back some of their retired workers to help out in order to process all these claims. Governor newsome has waved the first week gap so you can get your unemployment check faster. The people working hearsre say theyre trying to keep up as fast as they can. The fastest way to get your unemployment is to file online. What this number from goldman saks underlies is the unprecedented nature with what is going to happen. If its close to 2. 75 million this week, that would be record breaking. That is amazing. Jolene, thank you for staying on top of this for you. Lets take a closer look at the situation. Seth harris joins me now. He was acting secretary of labor during the obama administration. Hes a distinguished scholar at Cornell University school. Seth, there are a lot of issues here. Lets talk about the most important one. Thats the number of americans who are being put out of work right now. This is a harbinger of what things will look like. All indications are that the speed of this and the extent are going to be great. I think thats exactly right, ali. Were at the front edge of an Economic Disaster thats about to befall our country and, as is always the case in situations like that, the most vulnerable in our society, the hardest working in our society will get hurt the most. Low wage workers, unemployed workers, struggling middle class families, workers with health conditions. Thats where the risk is. That unemployment system which has a lot of holes in it and doesnt cover enough people is a critically important social and economic safety valve for our country. We have to make sure it works right, that websites dont crash, that lines arent hours long, that people get a chance to file their claims and they get their money as quickly as they possibly can. Seth, theres a lot of people who say that getting money directly to americans now it may be helpful, particularly because people have lost their income and they have rent to pay and things like that. In fact, an emergency extension and expansion of Unemployment Insurance may be more helpful if this goes on for a long time. I agree with those people. We need universal Unemployment Insurance in the United States. Only about a third of workers are covered now. The average benefit is 370 a week. Its not enough. Its less than 50 of the average wage. Its not enough money and doesnt last enough. In most states it only lasts 26 weeks. Theres a few states that have fewer than 26 weeks. They went up to 99 weeks under president obama. We need to make sure that people who lose their jobs dont lose their homes, apartmenpartments, internet, cant get food. Thats the bare minimum. Its also good for the economy. Those unemployed workers will spend every dollar and that keeps the economy moving as make fast as it can. Secretary Steven Mnuchin said unemployment could reach 20 . We were told the president didnt like that. He said he was speaking in generalities. Were told the department of labor directed states not to give out too much information about unemployment claims. I worry about transparency. We were worried about china and iran not being entirely accurate. We depend on transparency and whats happening in real time in order to make proper decisions. I agree with that as well, ali. Let me say i dont know if secretary mnuchin was throwing a number out or following a model. Im not sure of a model for this. Weve never seen large segments of the economy be ordered to shut down like this. I dont think we know whats going to happen with unemployment. I think we can predict its going to be significantly worse than what we saw in the Great Recession and lots of people are going to be in a lot of pain. Seth, thank you for joining me. Unfortunately i think well have a lot of opportunity to speak. Seth harris is the former acting u. S. Secretary of labor under president obama. Coming up four senators including the chairman of the Senate Intelligence committee are under fire for selling off stocks during the coronavirus when they may have had information that the rest of us didnt have. This move isnt illegal. Its important for you to know. Its not illegal. It calls into question their ethics. Well have details after the break. First some sad news to report. A member of our nbc news family Larry Edgeworth passed away due to complications of the coronavirus. Larry was an audio technician, often traveling to the most report locations with reporters. Most recently he worked in the equipment room at rockefeller centers. One of his colleagues described him as a gentle giant who would give you his shirt off his back. Larry is survived by his wife crystal and two sons. He was 61 years old. Was 61 yea. Oscar mayer is found in more fridges than anyone else, because its the taste you count on. Make every sandwich count. past them because she didnt sknow they were talking to her. G and she would just walk right deborah i just could not hear. I was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo our nearly invisible hearing aids are just one reason weve been the brand leader for over 70 years. deborah when i finally could hear for the first time, i started crying. I could hear everything. avo call 1800miracle to start your 30 day riskfree trial and schedule your free hearing evaluation today. We are tmobile the first to go unlimited. First with no annual service contracts. First with taxes and fees included. Now tmobile has the first and only nationwide 5g network. Reaching over 5,000 cities and towns and over 200 million americans. And tmobile is not charging extra for 5g access. Because this isnt our network. Its yours. And i dont count the wrinkles. But what i do count on is boost high protein. And now, introducing new boost women. With key nutrients to help support thyroid, bone, hair and skin health. All with great taste. New, boost women. Designed just for you. Millions of dollars in stock before coronavirus fears dropped the market as much as 30 over the last month. Nbc news has confirmed the publicly available stock sell offs of North Carolina senator richard burr as first discovered by propublica. He sold somewhere between 600,000 and 1. 7 million worth of stock while he was receiving daily coronavirus briefings. In a statement the senator said he relied solely on public reports in order to make those decisions. Now nbc news also confirmed at the end of january oklahoma senator james inhofe sold as much as 400,000 in stock includin. The senator says he doesnt have any involvement in his investment decisions. Georgia senator Kelly Loeffler and her husband sold millions in stocks. She says the move was made without her and husbands involvement. And senator Dianne Feinsteins husband sold between 1. 5 million and 2 million in stock. A spokesperson says senators assets are in a blind trust and shes not involved in her husbands financial decisions. Unsettling reports of four senators selling their stock. Theyre shining a new light on a 2012 bill. In 2012 the senate and house passed the stop trading on congressional knowledge act. President obama signed it into law. The act explicitly prohibits Government Employees from using private information they learn from official business for personal benefit. It requires every member of congress Pay Attention to this. It requires every member of congress to file within 45 days any financial transaction of bonds, stocks and futures. It prohibits members of getting special access to public offerings. Joining me now is a reporter who covers this for propublica. Thank you for joining us. I want to underscore to people that the stock act doesnt prohibit anybody from trading based on information thats public, they just have to tell you they did it . Right. Many legal experts have said that Insider Trading laws still apply to members of congress. Now, you know, these kinds of cases are rarely prosecuted because its difficult to prove, but it would not be legal for a member of congress, you know, to make trades based off insider information. Senator richard burr said i relied solely on public news reports to guide my decision. I closely followed cnbc out of asia bureaus at the time understanding the assumption many could make in hindsight i spoke with the chairman Ethics Committee and asked him to review the matter. What is your reporting tell you, if anything, about his Decision Making and how he made the decision to sell that stock . So weve got the response has been sort of disjointed. When we broke the story yesterday, you know, they had us wait almost three hours for a response. What they came back to us with is he made these trades before the volatility in the market had begun. The response to that was, thats the point of the story, right . Today theyve come out with a Statement Like you mentioned saying that he did not make these decisions based on any nonpublic information despite the fact that hes chair of the Senate Intelligence committee, but he just had been watching cnbc. You know, that certainly may be true, but as chair of the Senate Intelligence committee, he is privy to very sensitive briefings. We know that around this time, around the time he made these trades, his committee was receiving Daily Briefings about coronavirus. Robert, thank you for your reporting on this. I would guide my viewers to read your reporting. Its fairly detailed and brings up a lot of questions about what should happen, versus what is allowed to happen. Coming up, how the coronavirus is sounding the alarm on deeply rooted age old flaws of american capitalism, like income poverty, wealth disparity and what were not doing about it. G about it after my dvt blood clot, i wondered. Could another come around the corner. Or could it play out differently . I wanted to help protect myself. My doctor recommended eliquis. Eliquis is proven to treat and help prevent another dvt or pe blood clot. Almost 98 of patients on eliquis didnt experience another. And eliquis has significantly less major bleeding than the standard treatment. Eliquis is fdaapproved and has both. Dont stop eliquis unless your doctor tells you to. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. 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Discover the option thats best for you. Call today and find out more. Im proud to be part of aag, i trust em, i think you can too. Im proud to be part of aag, its our most dangerous addiction. So we took our worst vice, and turned it into the dna for a better system. We created bionic and put the word out with godaddy. What will you change . Make the world you want. Law makers and officials are coming up with ideas to help americans struggling financially. The Treasury Department is moving tax day to july 15th. The plan announced last night by the senate would give cash assistance based up to 2,400 per person based on income. It raises the question why cant the response also address the already existing problems of income inequality. Joining me now andre perry and annie lowery. Shes the author of give people money. Welcome to both of you. Annie, let me start with you. When when we talk about ending poverty, like ending hunger and homelessness, the answers are always twofold. Its hard to do and it costs a lot of money. Now were in a world where everything were about to do is really hard to do and is going to cost a lot of money. A lot of people are saying lets fix it properly now. Why not now . Its a great point. What i would say is we have a remarkably urgent crisis. This is not like any recession weve seen before in the modern era. Its important to do everything we can immediately to shore the economy up. That also makes longer term structural fixes. That would be a good thing to do. Fighting this is going to be harder because so many families were in a fragile position when it started. We didnt go in looking great with lots of families with a healthy balance sheet. We need proposals now that will absolutely hold families over until the economy is doing well again. We need to be looking at policies to help make families more financially stable in the long term. Andre, if you look at the last recession, if you went into it with credit, a job and some money you came out of it generally better. For those who didnt come out of it better, it was six or seven years before they got back on their feet properly. Were looking at something way worse than 2008 or 2009 and there are people saying to the fed and organizations like that, yall found a half trillion dollar in the so far to prop up the Financial System it looks like the dow is going to have another triple digit loss. Why cant we find that money . We ask candidates how theyre going to pay for their plans. There is apparently money to be found when the Financial Markets are going bad. Its funny how, when white folks are suffering, we find a way to deliver and cut checks for people. Lets be clear that, if we dont deal with structural inequality at the same time as were dealing with this emergency, the recovery will be uneven and partial. One of the reasons why after the housing bubble that we did not see black americans recover at the same level as white americans is because they did not receive the same type of cushion that was developed during the new deal policies. So with this epidemic, we have to make sure that were also shoring up black businesses, brown businesses, home owners in areas that have been devalued by racism. We have to make room and find money for these communities and people or they will continue to suffer from the epidemic and the aftermath. Annie, when we look at these things and look at the money were going to put into things institutionally, we want to think about a return on investment. When you think back to 2008, americans did make back their money on the bank bail outs. In this case, the return on investment in making some of these structural changes, its there. These are systems in which if you put that money in theyre built so that anything the tax payer does gets returned on because theres greater prosperity all around and more equally. Absolutely. We know a tremendous amount about what kind of different Government Policies during a down turn have a different bang for the buck. Its called the fiscal multiplier. One of the things that has the absolute best return on investment is giving money to poor people because they spend it immediately versus things like tax cuts. We saw this in the Great Recession. The policies that had the biggest bang for the buck were expansions of the unemployment system, the expansion of s. N. A. P. We should be looking at those policies. One major question we have about the senate bill under consideration is that it would give less to the lowest income families. It phases in. This is a huge problem. Families with no income, very little income are the families we need to direct the most need to now and for the remainor of this year and next year. Once were past the Public Health part of it, were going to have a huge recession thats going to need a variety of policies to shore families up. The government is basically becoming the economy and it needs to be directing resources to low income and unemployed families. This is the moment to think about it. Im asking you now, if you will please, make the time over the next several weeks and maybe months to have those discussions with me because we feneed to kn the specific policies to address income inequality. This is the time to fix them. We have to spend a lot of money and do hard things. Lets do them right. Andre, thank you for joining me. Annie, thank you. Up next ill talk to a New York University professor on centralized quarantine and observation in china. Youre watching msnbc. aurelia i did have hearing aids from another company. 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Im back here to decided to come back because it is Getting Better here. I was leaving europe and had the choice to go to the United States or china where my research is based. I came back here and am in a central quarantine hotel, which is a hotel outside the airport. After an eight hour process of going through Health Screenings and waiting in line got booked here. Fortunately when i came in, i wasnt deemed a health risk. I wasnt given a test. People were either if they had a permanent residence here, you could go back to your home and quarantine for 14 days. Instead im spending 14 days in a hotel. Cant leave. Getting food and delivering coffee. Its an opportunity for me to continue my work here in quarantine where its very safe. So to be clear you do not you dont have symptoms of coronavirus. You do not believe you have it. Authorities dont believe you have it. So you are quarantined so that youre there for some period of time. At that point if you have shown no symptoms, you can go about your normal life in china . Yes. We get a signed piece of paper and can go back the stores are opening up. Businesses are opening. You can get food. You can continue somewhat of a normal life. Here everybody is very sensitized to being safe and the procedures and more than anything i know that if i were to get sick theres capacity in the hospital system. Thats the big risk that i see back in the United States and other places. There really is this societial buyin and taking it seriously. Its something i hope everyone around the world will do. Whats the News Coverage like in china . Well, its pretty positive from at least the state media. Were seeing things on tv about people going back to work and working. I still have access to western media of course. Its been an interesting jungs that position where theres solidarity and were going to make it through and look forward to the new spring coming. Alex, stay safe. We hope you continue to stay as healthy as you are and you get released into society quickly. Alex ruthman is a professor from new york in shanghai. Coming up were looking at if were looking at a recession or as some have said a depression. Youre watching msnbc. Youre watching msnbc. For brokerage accounts, plus zero minimums to open an account. And only fidelity offers four zero Expense Ratio index funds directly to investors. With all of those zeros, there are zero reasons to invest anywhere else. Fidelity. So maybe ill win saved by zero navigators of the turf and keepers of the green. To the rural ramblers, back to the landers, head turners and stripe burners. Run with us on a john deere mower. Because this is more than just grass. Its home. Search john deere mowers for more. Woman whats our we were on a camping trip. When our windshield got a chip. Man we drove to Safelite Autoglass for a sameday repair. Woman and with our insurance, it was no cost. Really . 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Im looking at the markets now. Were off another 3. 5 . Sure if i got mohammed. Let me give you this. Very good. We are looking at a dow thats not section low but we are off 4 right now, that puts us by about 32 over the last month which is how long we have been dealing with this. Mohammed, talk to me about this because you suggested when the market off 20 , we had at at least more to go. Are we getting to the bottom of this thing or has this become much more serious than you predicted. So the under line dynamic is what you and i have been talking about which is economic sudden stops that destroys supply and demand. We reached Critical Mass is the whole Global Economy is shutting down. That reality is now being internalized by markets. It is taking time for markets to realize the duplications and for understandable reasons. This is unprecedented and people are not familiar of what it means. I am worried that we still have some downside from here. If you are a professional investor, there are very selective opportunities. If you are a general investor who buys the indices, be careful. Have one principle in mind, make sure that your mistakes are recoverab recoverable and some are not. Mohammed, it was something that you wrote that i thought stood out to me. You are talking about the need for collective action. I started the show talking to Gadi Schwartz of the social impact we all have. For households, this involves resisting the urge for excessive selfinsurance, including running to the store and emptying one shelf after the other. Very reasonable statement in a time thats challenging our ability to be reasonable because panic is setting in even to those of us who normally are governed by reasons. I understand why people feel incredibly unsettled. We have not seen this before. It is moving very fast. And government actions have not done much to stop it. I understand it. I am sympathetic. At home we have basically briefing sessions on whats going on and whats ahead and what to expect and that allows us to have a context and the government and the Federal Reserve to be doing more. Thats why i understand that. We must also realize that we are all in this together. It is not about the destination. We got to get through this. Our economy and society thats fundamentally sound. It is about as bumpy journey. What we should avoid is action that makes a bumpy journey. If you are a at a company right now, you are going to go through a liquidity problem. Sales are going to come down. Your inclination, by laying off people you are making the problem worst. This is a liquidity problem. Thank you for your thoughtful analysis on this regular bases. When you look at those markets and things like this, it does not give you a lot of solace. Up next, the Silver Lining for news of uncertain times. You are watching msnbc. Rtain ti. You are watching msnbc at average risk. 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Liberty. Liberty. Liberty. Dad, im scared. Its only human to care for those we love. And also help light their way. Its why last year chevron invested over 10 billion to bring affordable, reliable, ever cleaner energy to america. No. Uh uh, no way. Come on. No. No. N. Ni ni, no no only discover has no annual fee on any card. We have been sharing with you some of the ways you have been practicing social distancing and finding the Silver Lining of this pandemic. I to andrew lloyd weber. I went to his twitter account playing a song of phantom of the opera. Listen to this. Hi everybody. Here is some good news as it relates to the environment according to the European Space agency. Air pollution, nitrogen dioxide decreased for march. If you would like to send your Silver Lining, send me a tweet. Before we go, lets get one last look at the markets as trading wraps up for the day and the week. Stocks tried to rally at the beginning but fail to do so, closing out one of the most volatile weeks as investors fearing over the coronavirus economic blow. The dow is down 900 points. We are closing near session lows with 4. 5 points lower. Other markets are all lower as well for the day. I do want to show you though that when you go back to ma to markets, i think we got a picture of the dow over a few decades. These recessions do hurt, downturns do hurt. You can see a big one in 1950s and 1980 and a big one in 2008 but they do always come back. This one maybe long and deep but it is going to come back. I am going to see you right back here tonight at 10 00 p. M. For the last word and saturday and sunday at 8 00 eastern and saturday at 8 00 p. M. Southeastern and sunday and i will join you for special coverage for coronavirus. Thank you for watching. Deadline white house begins right now. Aloha, namaste and happy friday. I am in for anicole wallace. State of illinois is joining california and new york. More than 70 million americans and counting find themselves under instructions to stay out of the workplaces and off the streets and in their