That is Pretty Amazing i want to thank republicans and democrats for coming together to set aside their differences putting america first. This legislation provides for direct payments to individuals and support Small Businesses we will keep them strong and big business strong and keeping our country and job strong. 300billion of direct Cash Payments will be available to every american citizen earning less than 99000 per year. 3400 for a typical family of 43400 and then 350 billion of Job Retention loans with loan forgiveness available for businesses that continue paying their workers. The workers get paid. 250billion of expanded Unemployment Benefits the average worker who has lost his or her job will see 100 percent of their salary for up to 44 months. This is never happened in our country. 500million with a corporate stock buyback with 100 billion to support doctors and nurses and hospitals you can see what is happening and also the incredible job by the army corps of engineers and
That would be 3,400 very quickly for the typical family of four, nothing like that has ever been done in our country. Up to 250 billion in expanded Unemployment Benefits. The average worker who has lost his or her job will receive 100 of their salary for up to four full months. Unlike normal Unemployment Benefits independent contractors and the selfemployed will be eligible so you have independent contractors and selfemployed people will be eligible for this. Over 100 billion to support the heroic work of our doctors, nurses and hospitals. Theyve been incredible. 45 billion for disaster settin, ate thabling the amount a National Emergency and disaster declarations. Thats a doubling up. 27 billion to build up the Strategic National stockpile with critical supplies including masks, respirators, pharmaceuticals and everything you can imagine because it was very depleted like our military was depleted. Now we have a brandnew military. Never had a military like this. We have equipment eithe
Is david asman. Joining me on the panel gary, zachary liz. Attended christine on the Stock Exchange. Was it the Oil Price Crash that set this all . Reporter several factors, one has to revolve not necessarily the virus itself but the panic around the virus as well as oil, it is so difficult to price and the Economic Impact and what the virus is going to do to companies acrosstheboard which is why you sell the selloff today and we have a Circuit Breaker halt all markets when we saw it fall down 7 . That helped liquidity but using acrosstheboard everything over 7 lower for the day. Oil hitting a low we have not seen since 1991 and that really did hurt shale producers across the country across the globe and it shifted investors to move their money into safer bet like ten year treasury bond and thirtyyear treasury bonds. We saw the ten year drop to 31 basis points, that is 0. 319. Not even percentages anymore. And the same thing for the 30 year yield, it fell below 1 . These are numbers we
Outside the single biggest relief package in American History or any other package. It is two. 2 billion and goes up to six. 2 billion dollars, trillion dollars. Six. 2 trillion dollar bill. This was delivered urgently and thats what this is all about. Ninetysix nothing. Thats pretty amazing. That is fantastic. I want to thank republicans and democrats to set aside their differences to put America First this legislation provides for deck on direct payments for unprecedented support to Small Businesses to keep them strong and keeping our country strong. 300million and direct cash payment will be available to every american citizen earning less than 99000 per year 3400 for a typical family of four. 350billion of Job Retention for Small Businesses with loan forgiveness available for businesses i continue paying their workers. The workers get paid. 250billion and expanded Unemployment Benefits those working to receive 100 percent of their salary up to four full months. This is never happen
Parts and Raw Materials as supply chains are breaking down due to the Virus Outbreak countries like ghana i think to feel the pinch. Welcomes the v. W. Business in berlin asian markets on wednesday didnt make any huge losses like they did on monday but they made no significant gains either investors are now looking to the u. S. As the corona virus spreads throughout the Worlds Largest economy President Trump suggestion to cut payroll taxes as a stimulus to help fight the outbreak met with bipartisan resistance on capitol hill lawmakers want more targeted measures tokyo ended 0. 8 percent lower while cigna slipped 1. 9 percent and seoul shed 1. 3 percent and while singapore each edged up 0 point one. Lets bring in our financial correspondent shelter delaney in frankfurt morning chelsea whats the markets reaction to President Trumps stimulus measures. I think theres a bit of disappointment and best reason to really been lauching on to this idea that there was going to be a big fiscal sti