We are keeping our distance. Hi, everybody. Spread out. First i am so proud to be joined by my friend, great speaker, great partner. We probably talked 20 times the last five days. And we are still not tired of each other, i hope. The bill we passed was greatly improved. Leader mcconnell simply tried to steamroll us. We tried to tell him it is much better to talk with us than steamroll us. Because we had input into the bill, it is a much better bill. Leader mcconnells bill was simply a bill for ppe. We werent against increasing it, but there was so much more to do. First, there were so many people in my state and throughout the small, did note know a big shot banker, and could not get loans. That is because the way the ppe loan program was structured helped those who were larger, more successful companies. We wanted to deal with the butcher and the baker and candlestick maker, the average Small Business person. We needed to get them help. And so under the leadership, really, of our Ban
Let that sink in for a moment. 16 just this week were not even done. President trump announcing a travel ban on all nonu. S. Citizens coming in from europe were awaiting details on a stimulus plan or domestic response to ensure containment mitigation and increased testing capabilities right here in the u. S. Were talking to three ceos today. Group one auto, redfin and verizon ceo about how these companies are dealing with the fall out and what the impact of this virus will be on the overall economy. Lets get right to our reporters covering the story for us rick ismonitoring the action i the bond action. We begin with steve on the phone with the latest on this move by the fed. Its been about an hour for markets to digest it people are still trying to figure it all out here it looks like the Federal Reserve is going to do a series of masds ifr operations to put it this way, it will be a trillion dollars a week in the following ways a half a trillion dollars was done at 1 30 today a half
I want to look at autos, two moving in different directions. Investors taking advantage of the bargain. The valuation tesla commanded a month and a half ago is far different than the one it commands today. That stock is up 16 . Ford down 5 . Dividend,ed its share drew its guidance, as we have seen so Many Companies do during this crisis. Drawn down 15. 4 billion in credit lines. Also taking a look at ecommerce. Shwey is to read higher this morning. That is an online pet food retailer. Sales are up about 50 year on year as people start out because of the coronavirus. Down byownside, etsy 11 , downgraded by roth today. They say activity is slowing. I want to talk about the economy for a second. We got initial jobless claims this morning. Take a look at what we saw. 70,000 jobless claim spike him of the largest since october 2012, post superstorm sandy. Last week, before the shutdown here in the u. S. Really escalated. So these are poised to get a lot worse. Taylor my thanks to kailey lei
Nest nestle im morgan brennan. That news on boeing is shaving about 100 points off the dow concerns about the china coronavirus are frustrating emerging markets Software Stocks did help the nasdaq hit an intraday all time high earlier joining us for the hour is steve weiss. Great to have you. We certainly have seen major averages take a leg lower between this first confirmed case of the coronavirus here in the u. S. And then this news from boeing pushing out its forecast for return to service to the summer you still invested in boeing so i said on the halftime report, i think thursday, i told just about a tag into my position that morning then the news hit later in the day. Now we get a statement i was looking at it this morning. You hate to be reminded youre losing money i figure if the stock, when the max goes back stock maybe misses on the first 10 but i wont have to deal with that and losing capital heres the statement from the company. Ill read the first few words. As we have emph
Other issues including the development of state Natural Resources. From the Heritage Foundation, this is 40 minutes. Speak ladies and gentlemen please welcome the Heritage Foundation buys president ken holmes. [applause] its a nice rainy day outside and everybodys bunch together to keep warm. Good morning everybody how is everybody this morning . Welcome to the Heritage Foundation, its great to have you here. Its great to welcome mike dunlevy of alaska and he is guinness speak on the budget spending of alaska and what they can offer as an example. Governor dunlevy who was elected as governor in 2018. Hes had a very career in alaska since he was there in 1983 from working in a logging camp in Southeast Alaska to pursuing his dream in an Education Career as a teacher. He has a unique insight into alaskas communities due to his two decades of service there. He also served for five years as an alaskan senator there. So he knows alaska literally from coasttocoast. And that provides a unique