Consumerfacing businesses and both are on the move in the afterhours session and we have Team Coverage to break down both of these reports and lets kick things off with csx with the call now under way and lets get to Frank Holland with the details. Melissa, shares of csx up, and something weve seen in a number of other companies and one of its competitors, union pacific. On that call the ceo says production demand was too hard to forecast in this covid19 environment. Also during the call the cfo kevin boone said the Company Raised 500 million in debt and the Company Believes it is in position for a potential recovery and maintaining a strong cash reserve. Our Liquidity Position is extremely strong with nearly 2. 5 billion of cash and shortterm investments at the end of march this represents multiples of what we would consider normal, targeted cash levels cash may be strong, but volumes are weaker year over year to start q2 its been seen in the three weeks since the First Quarter ended
For coronavirus. Theyve been sharing their uncertainty and struggle with us since maria gomez was first tested. Now we go along on their powerful journey to beat the virus. Multimedia producer juan carlos tells the story. I want the results. I want to get out. A weekend with a rollercoaster of emotions. On friday my wife got a text message from her doctor suggesting the test results could be delayed. That caused her to break down. Ive been in my room since last friday. And if im negative, ive been in my room in vain. Reporter i asked my brother to go. My brother got to san diego sunday morning. My daughters loaded up their things and they drove back. While they were on the road, we got a call about the test results. You have now tested positive. What do you want me to say . Is that good or bad news . Weve been debating this all weekend. Weve been home for so long. We might as well just be positive and move on and be out of here in another week. Yeah, be its good because we already have
Coronavirus Task Force Meeting about issuing a blanket order for the entire country, but mister trump is standing fast saying its up to each state to determine how to handle coronavirus. In every state in this country. First we got to see a governors done with it doing theyve been doing a great job because were close to 90 anyway. States and were talking about. Not in jeopardy. Now i would leave it to the governors. And that decision comes on the same day where we saw the deadliest day in the u. S. During this pandemic 1423 people died today. We have more than 7100 deaths total and 277. 1000 cases in the u. S. New york far away the hardest hit state. There are nearly 100 or the just over 103,000 cases there and nearly 3,000 deaths in new york state and there are new guidelines tonight from the cdc on how americans can protect themselves while continuing social distancing guidelines. Nadia romero has thlatest now from washington. In fridays White House Coronavirus Task Force Briefing an
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
Guidelines within the next couple of weeks, this is not a country that was built for this. It was not built to be shut down as for the economic stimulus plan for the coronavirus the Senate Republican bill put corporations first democratic and Republican Leaders are locked in a partisan battle, this is not a juicy political opportunity is a National Emergency im John Lawrence reporting. Well a major Sticking Point in the relief bill continues to be how money gets into the pockets of out of work americans are washington dc correspondent Trevor Shirley has more now on the idea to send a check to people impacted by the pandemic. It would be a fast way to get money into most americans hands. We all recognize giving money to people who are. Not receiving a paycheck is important texas republican senator john cornyn supports the idea well i think we all feel the need to act quickly to get money to the people who through no fault of their own out of a job and a paycheck as does Ohio Democratic