Talking about what he sees happening in the economy. Tom it is an extra ordinary hour, folks, particularly looking at the fabric of europe and the european model. The disinflation dynamics has dramatically rolled over in the last 48 hours, clearly somewhat off the german ruling. There is no question about that. You see it expressed right now with ever stronger yen versus euro. Disinflation wins, just extraordinary. Yeah, on the u. K. , and i would mention the chancellor yesterday suggested it would end sooner rather than later because people become addicted to it. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is wrapping up his push to reopen the country. He says americans should begin returning to their everyday lives even if that leads to more sickness and death from the pandemic. The president spoke in phoenix. Made the announcement with the task force. Toll. K. Coronavirus death has now surpassed italy, making it the worst hit coun
Lots of guests coming up mel Mellody Hobson will join us. Well ask if todays the start of a downturn or a buying opportunity. The ceo of icelandbased Decode Genetics will join us. What the company has learned about how the virus spreads. Its an interesting study. Lets focus in on the big stories we are watching in this final hour of trade. Bob pisani tracking todays selloff Courtney Reagan with plunging retail Sales Numbers and wilford. Bob, a little recovery weve seen lets take a look at the s p and call this one cuomo versus the horrible Economic Data because the markets once again, cuomo moves markets. 12 30, started talking about lower hospitalization rates, the market lifted at that time continuing to lift but cant compete against those horrible Economic Data sara was talking about. The energy, the banks, the small caps, the industri industrials, Economic News, they suffer the Energy Stocks getting pounded, even down double digits, some recovering off the lows like apache and hess
Because they dont know who is a citizen without the virus and who is a citizen with the virus. The most basic decisions have become a distraction across the country as americans have become afraid of a stranger and of a friend. This is a huge shift in where we are as a country. And what this demands is immediate action. Three weeks ago this senate and the house passed 8. 3 billion, and we did it with overwhelming bipartisan support to be able to add additional funding for diagnostics, for testing and for rapid work on a vaccine. All of that work is advancing quickly. We have human trials in a vaccine happening right now. Weight came together and there werent extra things added to it we focus in on the virus. Theres no question theres lots of moments to be able to debate the things we disagree on. But this is a moment we understand to focus in on what is the problem. The problem is zealing with covid19. There was a bipartisan bill put together in the senate. A week ago today, senator sc
This morning is speeches from senators laying out their positions. Senator Majority Leader Mitch Mcconnell started up the process starting to vote to advance the measure, but that vote hasnt been scheduled. Now to live coverage of the u. S. Senate here on cspan2. The chaplain let us pray. Almighty and everlasting god, mercifully look upon our infirmities, and in all our dangers defend us. Away. We cry out to you and seem to only hear our echos of laments. As our lawmakers reach out to you night and day, enable them to connect to your matchless power. May they find in you a sure refuge, a shelter in the time of storms. Lord, strengthen the weakness of our faith, and give us trust for our trembling and hope for our fears. Give us patience and cheerful endurance and serenity of mind. And, lord, place your Healing Hands upon john bessler, senator rand paul, and others who need to feel your touch. We pray in your great name. Amen. The president pro tempore please join me in reciting the ple
105 in iowa, that is a lot for us. Just a couple of hours ago i was on a call with iowa state leaders who are at the state Emergency Operations center. Let me say that again. Emergency operations center, an e. O. C. You just dont set those up for fun, folks. You set them up when your state is in crisis. They gave us a picture of whats going on with our workers and our Small Businesses on the ground in iowa. Within three hours the state received over 11,000 calls for Unemployment Insurance. 2,000 of them are selfemployed. They wont qualify for Unemployment Insurance. You know what would relieve their hurt . This package, phase three. Meanwhile my democratic colleagues are holding this bill up that would actually deliver the relief that is necessary for these workers that i just mentioned for things that have nothing to do with a crisis. Senate democrats are stalling funding for hospitals and Small Businesses until they get to jam through their Green New Deal. Mr. President , you tell me