Vice president mike pence, the number to call is 202 7488001. If you are a supporter of democratic nominee joe biden and kamala harris, 202 7488000. For independents, 202 7488002. You can also send us a text message at 202 7488003. And on twitter, we are at cspanwj. On facebook, we are at facebook. Com cspan. We want to begin with some breaking news. The headline from the Washington Post. Coastal towns nearly wiped out. The president yesterday got a firsthand look at the damage inflicted by hurricane laura. ,e covered many of his events his stops first in louisiana, later in texas coming two days after the category four hurricane slammed the gulf coast, leaving at least 16 dead in storm hit areas, many now with severe wind and flooding damage. Authorities warned that some people could be without Running Water or electricity for weeks, all coming in the sinlate augus. That is the president yesterday touring the damage in texas and louisiana. Cnn is reporting that the president will trav
Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark
Look like postpandemic. You may be having dinner with a waiter wearing gloves where your temperature is checked before you walk into the establishment. All this as new hot spots emerge across the country and a troubling new question. Can the virus strike twice . The director of the cdc joins us live this morning. Back in business. In europe some shops and schools reopening, and workers heading back to the job. Italy, austria, denmark and spain all easing up on some restrictions. But is it too much too soon . Antibody answers. Diane sawyer oneonone with the doctor leading the largest Antibody Test yet. Are you pretty confident this is going to show evidence of immunity . 38,000 people, the results are already in and what they could reveal about asymptomatic cases and how many people may already be immune. How to do your laundry safely in the age of covid19. The sciencebased look at cleaning your clothes. Whats the right temperature . And the new rules for laundromats. The expert tips th
So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed
Day where we can see some real progress. Charles what this means for businesses coming up, what this means for businessing coming up. Plus as more may be needed, a man whose devotion to the constitution sparked a uproar on friday. Kentucky congressman Thomas Massie will be one of my favorite guests today. Food network host guy fieri joins us spores forces with other Celebrity Chefs to create a relief fund for restaurant workers across the country. He will join me at the government of the hour. All that and much more on making money. Charles briefly exited bear market territory. The s p, nasdaq however, remain more than 20 off their alltime highs. Not all bear markets, folks, are the same. In fact according to Goldman Sachs there are three types of bear markets. You have got structural, the ones with the most devastating downsize. Theyre caused by financial imbalances. You have cyclical. These correspond with normal slowing economic cycles. Then event driven. Event driven bear markets a