[inaudible conversations] [inaudible conversations] if you miss any of our live coverage of the governments response to the coronavirus outbreak, watch it anytime at cspan. Org coronavirus, for daily briefings by the white house and the task force, and hardest hit states. Use the charts and map to track the global spread and confirmed cases in the u. S. County by county. Our coronavirus web page is your fast and easy way to watch cspans unfiltered coverage of this pandemic. Up next, a Senate Hearing on Bipartisan Legislation aimed at eliminating Child Sexual Exploitation on the internet. Good morning. Thank you all for attending this, what i think is going to be a very important hearing and senator blumenthal, i want to thank you for the hard work youve put into drafting this piece of legislation. Senator feinstein is on the way. She said it would be okay if we got started. I normally dont say a whole lot in opening statements, but i might take a bit of time today. I want to introduce
Of the discussion. If you were recently unemployed, laid off, or furloughed, that line is 202 7488000. If you are currently employed, 202 7488001. If you are a Business Owner, that line is 202 7488002. We would really like to hear how this is affecting our business. For all others, the line is 202 7488003. Make sure to text us, including her name, where you are texting from. On twitter, we are at cspanwj, and on facebook we will look for your posts as well, facebook. Com cspan. This is the headline in the Washington Post this morning, jobless rates spike to 4. 4 as democrats and trump began to scramble for a new spending and stimulus. Workers, thee for worst is yet to come. By midyear, the nation will likely be suffering its highest Unemployment Rate in nearly 40 years and possibly the worst since the great depression. Bank of america says the jobless rate will hit 15. 6 . ,oldman sachs pegs it at 15 while the Nonpartisan Congressional Budget Office estimates 12 for the second quarter.
The focus has been on what is happening in washington. It was fascinating to see the fade on equities today. European equities are off session lows. We faded pretty precipitously earlier on. The pound is also off its earlier session highs and has certainly faded the early move. A similar story in brent as well. The initial burst of enthusiasm around that deal starting to ease back a little bit. The real question, this is just dealing with the here and now. Are we going to need further help from washington and other governments around the world to get the bounceback that may some people are looking for . Vonnie just getting a headline now that german lawmakers have approved a 156 billion euro stimulus. A few things happening in europe as well. Back to washington, the white house and senators have finally come together in an effort to bolster the economy. Senate Majority Leader Mitch Mcconnell spoke earlier on the senate floor. Sen. Mcconnell at last, we have a deal. After days of intens
Robert is the director of the division of the budget. Moneys is the secretary to the governor. James has been tremendous help here. The numbers are still increasing. That is the line we are tracking. This is all about the increase in the number of cases and managing to the capacity of our Health Care System. Spread andcing the the rate of the spread to match the increase in the number of cases. And increasing Hospital Capacity at the same time. Just how do our hospitals manage the rate of the spread. Were trying to reduce the spread to over a period of months, over a period of months our Health Care System can deal with the numbers. We have moved to zero nonessential workers. You cant go below zero. So were doing everything we can there. And we put out new rules on personal conduct and what people should be doing and how they should be behaving and where they should be. Matildas law, which is for the vulnerable population, Senior Citizens, people with compromised immune systems, underl
Charles payne himself. Plus finding the good in people in these uncertain times. One Plastic Surgeon in new york city doing something amazing to help the city. He will be talking to us about it. In a little bit all that and more coming up on making money. Deirdre moments ago the senate announcing it will take up the stimulus package tomorrow. Gop senators calling for an urgent change to the text that they say will trigger massive layoffs. Hillary vaughn, what is the detail . Reporter deirdre, i want to show you a live look at the press conference any moment were expecting with a group of republican senators, tim scott, lindsey graham, ben sasse, the ringleaders behind flagging this key part of the bill they say would incentivize people to be laid off instead of work because they would make more under this bill, being laid off as opposed going into work. They want to make a change for that. The text for this is still rapidly being finalized. They reached agreement on bones of it at 1 00