Futures pointed to the loss of more than 400 points we saw oil rebound then finally, can you see the dow futures up treasury yields suddenly backing down a little after getting up 1. 2 on the 10year yesterday now getting to the latest. Yesterday, california issued a statewide order for california residents to stay home other states and cities are taking similar steps mack, is that coming here . We dont know at this point. Closing dinein restaurants, bars, clubs and gyms washington is working on programs to keep the economy afloat steve leaiesman is like the norh star hes here. Hes got the tie on. Eamon jafers no offense that you went tieless. You have some response on the fiscal stimulus as well. Maybe well get to talk about that great market timing of a couple of those senators too that is an important one. That really angers americans we had a couple of u. S. Senators exposed in the press yesterday for uncanny timing of selling stocks richard burr sold his stocks on february 13. Some
By the end of the week, there are more than 4 million tests made in jurisdictions across the country paid one million are already in place. Thanks to the work of the commercial labs President Trump brought together yesterday, mab core and quest are in the processed of distributing and marketing coronavirus tests all across america and we are working with state and local officials to ensure that that happens as rapidly as possible. Is expanding, we want to make sure the American People knew that testing was available to them and that costs would not be a barrier. Today, President Trump assembled the Top Health Insurance executives in america, and as we announced earlier today, all of our major Health Insurance companies have now joined with medicare and medicaid and agreed to waive all copays, cover the cost of all treatment for those who contract the coronavirus, have committed to no surprise billing, and they have committed to encourage telemedicine. It was a year ago that medicaid ex
Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind
Out of his still in the but love that we may keep one another healthy and safe. It will therefore be unusual but mr. Speaker this legislation represents a bipartisan resolve to me the coronavirus challenge. It represents a focus on families and workers to the objective to make them safer and economically supported. It will protect workers and their families and our economy as we all do our part to flatten the curve. Public Health Officials made it clear that the only chance we have to prevent them from getting overwhelmed is for as Many Americans to stay home as possible. It is however necessary to be here, to pass legislation, respond on behalf of thees American People to the daunting challenge. Closure means large parts of the economy are temporarily shut down causing severe disruption for businesses and workers. We saw the impact of this yesterday with the new Unemployment Insurance claims increased by more than 3 Million People. 3million individuals. 3million families rely on them
Ms. Collins madam president. The presiding officer the senator from maine is recognized. Ms. Collins thank you, madam president. Madam president , the United States is facing a crisis unlike any other in our recent history. Madam president , this is no time for partisanship or for political differences to prevent us from coming together and working in the best interests of the American People. The coronavirus pandemic has arrived on our shores and is growing exponentially, sickening our people and devastating our economy. As of today, more than 26,700 americans have tested positive for the virus, and 340 people have died, while 176 have recovered. In my home state of maine, there are now 89 cases in eight different counties. Hospitals, doctors, and nurses are struggling to triage the influx of patients. Nursing homes are locking down their facilities in an attempt to safeguard their vulnerable residents. Students and teachers have had to transition abruptly to Online Learning as school