[please stand by] virtually no cars, no motorcycles, no anything. Things that would normally be taken care of, we dont see anymore. The ship is ready, but it has to, if we need it, needed for the virus, we would be using it for that. We would prefer not but if for any reason they need it, it is ready, willing and able. We have the we have the best logistics officials anywhere in the world and we are orchestrating a massive furlough response federal response unlike our country has ever done. More and more we are using medical people because of the states, iniction particular, new york, new jersey, long island has become a hot spot, part of new york. Sending a lot of things and now personnel where it is needed, military personnel. As of tuesday we will have deployed over 3000 military and Public Health professionals to new york, connecticut and other parts of the country. The number is going up. Off in we see a leveling the hottest spots of them all. You will see that over the next few d
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
Up for today. Were going to look at all of todays market moving news from new york and london. We want to begin in washington were the Trump Administration stoc struck a deal on a rescue package. Mitch mcconnell says it is an historic plan. At last, we have a deal. After days of intense discussions, the senate has reached a bipartisan agreement on an historic relief package. It will rush resources onto the front lines of our Nations Health care fight and will inject trillions of dollars of cash into the economy as fast as possible to help american workers, families, Small Businesses and interested and industries make it through this. Alix joining me is kevin cirilli. Walk me through what is in the bill and what to expect. The deal will likely pass within the next 48 hours. They are bullish to get this done. 500 billion for Large Companies as well as corporations bailout cash for industries that have been impacted by the economic effects of coronavirus. 350 billion for Small Businesses.
Phonel open up regional lines. If youre in the eastern or central time zones, we want to hear from you at 202 7488000. If you are in the mountain or pacific time zones, we want to hear from you at 202 7488001. If you are a medical professional, first of all, we want to say thank you are what youre doing for america right now. We will open up a special line for you. Medical professionals, we want to hear from you at 202 7488002. And keep in mind you can always text us at 202 7488003. And we are always reading on social media, on twitter, cspanwj, and on facebook at facebook. Com cspan. Again, the president , yesterday, signed the 2 trillion coronavirus aid bill. For you a little bit what he said to the media after signing the. Bill. [video clip] republicans and democrats coming together, putting their differences aside to make this for americans first. This support Small Businesses. We will keep our Small Businesses strong and our big misses and says big businesses strong. This historic
We are down by about 5, 6, 7 . European stocks off by 5 , 6 . Dollaryen was treading trending towards 100. Moving to treasury has been tremendous. 45 basis points on the 10year, german bun yield german bunds yield down two basis points. Theseonly down 23 , but are historic moves in the markets. To get another read on how the s p might open up, we want to look at the five biggest stocks within the s p, and they are now down between 5 and 6 . We want to update you on the global exchange. We will bring you all of todays market moving news from all over the world from hong kong to london to rome. All bloomberg voices are on the ground with top stories. We will begin with market action, particularly in oil, brent crude plunging 31 , the biggest drop since the gulf war in 1991. Joining us now is Annmarie Hordern. Annmarie we are seeing a massive selloff, unprecedented in the oil market. We have between shots. At the same time we have demand destruction across asia, in europe and the united s