About how her organization is approaching testing, treatments and vaccines and which countries she says are doing the best right now handling the pandemic. Plus, the interim president of new yorks mta joins us to discuss a path forward for pass transit and whether people will ever feel comfortable riding in a crowded subway car again the biggest subway system in the country. Lets focus on the big stories were watching kayla has the latest on a new 3 trillion relief bill proposal. Mike diving into the Federal Reserves Corporate Bond Purchase Plan which kicked off today. Kayla, lets start with you and washington relief. We are waiting to hear from House Speaker nancy pelosi to discus what they are calling the heroes act this second wave of multitrillion dollar stimulus that now democrats say is needed to jumpstart the american economy. Pelosi has urged her conference to think big, even as many fiscally minded democrats have raised concerns b about the price tag. In this 3 trillion packag
Economic damage, really us with a strong recovery to the heroes act takes that wisdom to heart. It is the bold and transformative step we need to ensure our nation meets the challenge of the pandemic and the ensuing economic recession. Much of the bill is in the jurisdiction of other committees and my fellow Committee Chairs will tell you more how this bill meets the needs of the American People. By putting money directly in the pockets of workers, including our essential workers, supporting Small Businesses and nonprofits and further bolstering families, including their Health Security and workplace security. However, there is much in the appropriations to address the health and economic crisis for the people. First and foremost, the bill delivers nearly 1 trillion to states and local governments so they can keep our heroes, first responders, health workers, teachers and other Public Servants paid and working for us. I am incredibly proud that this bill will provide 67 billion to my h
Consider the trade on the tlt. What we have seen this stock tlt moved about 40 from the december 2018 lows. And this is happening consistently a couple of times over the last decade every time thats happened, we have seen either a consolidation or a pullback after that 40 move and if we zoom in a little looking at a 1year chart, the tlt is up 15 year to date and currently reading fairly overbought if you look at momentum indicators such as rsi. Well so now due to seismic shifts in everything that trade has not gone our way which is why we always preach appropriate position sizing as it is known. First off do something a bit different. We want to talk about the lessons maybe we learned this week and what we see carter what act a little more macrothan usual, given the week its appropriate. If you think about we did two things very specific and yet the identical last week. We were saying that tlt had after a great run had gone too far. What we were trying to do is buck the trend, go again
What we have seen this stock tlt moved about 40 from the december 2018 lows. And this is happening consistently a couple of times over the last decade every time thats happened, we have seen either a consolidation or a pullback after that 40 move and if we zoom in a little looking at a 1year chart, the tlt is up 15 year to date and currently reading fairly overbought if you look at momentum indicators such as rsi. Well so now due to seismic shifts in everything that trade has not gone our way which is why we always preach appropriate position sizing as it is known. First off do something a bit different. We want to talk about the lessons maybe we learned this week and what we see carter what act a little more macrothan usual, given the week its appropriate. If you think about we did two things very specific and yet the identical last week. We were saying that tlt had after a great run had gone too far. What we were trying to do is buck the trend, go against momentum we also said that c
League champions Manchester City and given a 2 year ban. Now chinas foreign minister has his house at some countries for overreacting and causing panic over the corona Virus Outbreak said that containing the virus remains a huge challenge for china but insists it is under control now the death toll has risen to over 1500 with 143 reported on friday but figures just released by Health Officials show the number of new infections hall from the previous day and almost all of those infected are in china a province where the outbreak began orders have now gone out for all people arriving in the capital to quarantine themselves for 14 days or to face punishment while our correspondent adrian brown is live for us in Hong Kong Adrian with these fresh numbers that were getting from beijing is it too early for optimism. I think these figures are you know a crumb of positive news as you rightly point out there were 143 deaths recorded on friday thats up 27 on the previous day but significantly the