Well shortly be determined. People want to go big as opposed, everybody seems to want to go big. They want to get to the recovery. The big thing we can do is get rid of this horrible, i call it the unseen. It snuck up on us. Cheryl with these roller coaster rides on wall street is there any good news . Charles payne, yes, that Charles Payne, will join us in 15 minutes with his perspective on the market action. He has great points to make. All that and more coming up on making money. Cheryl lets start with the stop story. A short time ago, that happened when the s p drops buy low 7 . But the administration is trying to calm, not only nervous investors but folks across the country staying inside of their homes to stop the spread of the coronavirus. We have blake burman at the white house where President Trump Just Announced he is sending two hospital ships to new york and california. Blake, you were able to get some questions to the president today. Reporter cheryl, weve been getting an
Chairman on what the landscape could look like. Its wednesday, march 25, 2020 cnbc special coverage of the coronavirus begins right now good morning and welcome, im Courtney Reagan live at the nasdaq marketsite. Breaking news, the senate makes a deal with Majority Leader Mitch Mcconnell promising a vote today. This is a wartime level of investment into our nation im thrilled we are finally going to deliver into our country that has been waiting for us to step up. Treasury second mnuchin adding that the president will sign the bill as it goes through both chambers of congress. Good morning this is a big deal. The thing both sides have been working on for five days straight wrapping up with a deal that we are told includes four months of extended Unemployment Insurance for americans. So getting those schechecks rol out as soon as possible. It will include disaster aid for state and local governments for hospitals and Health Systems and Small Business loans and other relief lawmakers have
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still
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.
Governor cuomo good morning. Thank you for being here today. I think you know everyone who is here. Right. Start on my far erek rhodes, deputy superintendent of the department of financial services. Me. Ed with part of the attorney generals office. Part of the swat team. Empire the president of college. Dr. Zuker. Governor. To the and also the budget director. We have a lot of interesting are moving. Things have t status, we still the trajectory going up. The ve not turned trajectory, nor have we hit the apex. What the line will do, it will go the high point, tip, go down. Still on the way up the mountain. Number of infections that have 80 , still, n selfresolved. Of the people who test positive require hospitalization. Then there are degrees of hospitalization, right, but the universe that requires 15 . Talization is models. E use projection e have Cornell Wilde that use projection models, mckenzie, department of health uses models. On the projection models are important because they