President pence and the Coronavirus Task force. The briefing was supposed to start at 5 00, but is running late. Kevin mccarthy also held a Weekly Briefing by phone. Good morning. Thank you all for joining me. I hope you are safe. Before i begin, i want to pause for one moment and use this opportunity to extend my deepest condolences to every family in this country who is morning a loved one right now. Almost all of them are not even able to be with them in their passing. And to grieve now and have a different burial time is something. That is why we need to continue to work on the policy and the path to the other side. I think all of us see now how awful this virus has become. It is not just statistics. It is lives being lost. The lives are being lost, and as today, 6. 6 Million People have lost their jobs. I look at the cares act and i looked at what happened today and i am very disappointed. I do not think people should play politics and the time of a pandemic as Speaker Pelosi did.
Journalists and Science Fiction novelist discusses his book and activism. After a day of social distancing, get close to a good book tonight printed book tv from cspan2. Kathryn good evening everyone and welcome to book passage. Thank you for coming up tonight on a tuesday night. There are so many things that you could be doing. You made a really good decision coming here, this is a smart crowded pretty you will be mesmerized and just fascinated by the program we have for you tonight in the vein we ask that you turn your cell phones off because you will not need them. Do not look at your cell phone for the next hour. I guarantee it. You will be completely mesmerized by our authors. We are so proud to bring you today. So thank you for supporting book passage and we are an independent bookstore, one of the very few remaining independent bookstores. [applause]. Thank you and we are very proud of that fact. Thanks for comingan to our location here. We also have a beautiful store in the ser
The defenseliams on act and its use in the government. On this boat, the yaeah the bill is passed. Host good morning the Senate Approved a third economic aid package with a price tag of 2. 2 trillion dollars and it goes to the house for a vote scheduled on friday. And then, to the president s desk. We will get your thoughts on action to respond. 202737,000 you can text us with your first name, 2027488003e at or join the conversation on twitter and facebook. Let us begin with the action in the house. , democrat ofleader maryland sent a letter out to the rank and file members saying that the house will convene at 9 00 a. M. On friday to consider the bill in order to protect the safety of members and staff and prevent further threat, the republican leader and i expect the houseboat will be done by voice house vote will be done by voice vote. Members who want to come to the floor will be able to do so. We are working to ensure that those who are not able to return to washington may express
Weakness. We had massive Dollar Strength in the last few weeks, given the funding issues, and everyone just wanted hands on dollars. The fact that that is easing a little bit could give us some hope that may the funding issues have worked themselves out. What is not working out is big tex. I was innto this year, san francisco. You had rbc saying google, facebook, top calls for the year on ad spending. It was an election year, the olympics, it was all going to be a huge advertising year. As we know, the olympics were delayed. Facebook coming out and saying they are seeing a big uptick in usage of whatsapp. The demand for news is there, yet it is not translating into ad sales. The first thing you cut when things are tough is discretionary spending, so firms are starting to pull back on some of that advertising revenue. That is why youre getting at uptick in usage, but it is not translating into sales. I wouldnt be shocked if we got a lot of analysts revising after the olympics are delaye
Before the coronavirus and it looked strong but there was a caveat, because we had a warm winter and that meant labs in the construction sector are behaving strangely relative to what is ordinarily the case. Hiring was good but not quite as good as the headline number suggested area david headline numbers. David we had the president speaking and then is this good news being bad news with the administration saying we dont have to worry about it very much . Carl we see investors treating it accordingly. When larry kudlow is saying we need a targeted response and a narrowly targeted, temporary, was the expression he used to of this has echoes of summer 2008 during the early stages of the financial crisis where we were in a president ial campaign and john mccains chief advisor, phil gramm, was talking about a nation of whiners and a recession and it became clear the Mccain Administration did not have a grasp on how to deal with a fastmoving and large crisis, markets lost confidence and tha