Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa
Though still awaits aprooul from the house of rep sentives. That vote expected tomorrow. Jobless claims surging above 3 million americans, far outpacing the record of 700,000 and also well above what economists were looking for around 1. 5 million unemployment claims and the virus itself remains front and center for wall street as italy reports more than 6,000 new cases, the most in five days, the worldwide total now shy of half a Million People wilfred. All of the sectors of the s p higher up 4. 7 . All higher, but one to keep an eye on is energy it has been the best performing. Its now towards the bottom. Still up by 4 oil prices slipped a lot this afternoon. Theyre down 7 , so well hope that doesnt drag the rest of the market lower weve got a huge lineup of gu guesting coming your way, ceo of General Mills, plus peter orszag whether he thinks the stimulus bill is enough to ease the pleading and well speak with the ceo of hertz about their program the give free rentals to new York Ci
Mr. President , this is a commonsense piece of legislation. It does not saddle Small Businesses, American Business with a new mandate that they dont have a great deal of confidence and then they would actually be funded 100 by the federal government. By the way, the house bill doesnt fund this 100 , it leaves gaps, and it would definitely be temporary and utilize an existing program in the states, sitting on top of it providing federal support for the workers that are going to actually need it as we go through this unprecedented event in our nations history. With that, mr. President , i yield the floor to the senator from pennsylvania. The presiding officer the senator from pennsylvania. Mr. Toomey thank you, mr. President. And i want to thank the senator from wisconsin for leading on this effort. I rise in strong support of this amendment, mr. President. The two of us, and i expect most everybody in this chamber, fully support the idea, the goal, the need to provide relief to workers
In december of 2019, and infection startedhi in china and is spread rapidly through the wilpon region and by january, there were thousands of people affected to the foremost before the most of the world knew it existed and now almost every country in the world has infections. Hundreds of thousands of people that if in contact with this virus. And unfortunately we have lost thousands of people worldwide. In United States numbers continue to increase and the number of people that we can actually test. Fortunately the vast majority of the people get this virus have little to no symptoms. Cold or mild food to them but for a vulnerable population our elderly population, hard to among issues, smokers diabetics, can be a very serious thing. The challenge that we face in our healthcare, is that for every person that walks in and gets tested, the facetoface their healthcare workers especially in rural areas are saved that may be the only healthcare professional for that entire county. And if th
Reached by the white house on a 2 trillion economic aid package. Final vote expected later today. Heres what Senate Leaders had to say about the bill. I have an update for the information of all senators, it is good news. It is good news for doctors and nurses and Emergency Rooms around the country who are waiting for more masks, more funding, good news for families across america, we have a deal. After days of intense discussions the senate has reached a bipartisan agreement on a historic relief package on his pandemic and it will rush new resources the front lines of the nations healthcare site and inject trillions of dollars of cash into the economy as fast as possible to help American Workers, families and industries make it through the disruption and emerge on the other side ready to soar. The bipartisan act, the four big priorities i had in my legislation at the beginning of the process a week ago. It will rush Financial Assistance to americans through direct checks to households