With any particular benefit. It does have benefits psychologically socially and there are social norms around that and we dont criticize the wearing of masks and have not done so, but there is no specific evidence to suggest the wearing of masks by the mass population has any partular benefit. Again we expect hear something today that word could come from the cdcs will be monitoring that if they make that commendation again that does not mean you should wear a surgical mask or an and 95 those are for health care were absolutely to be the cloth masks the to be best use case for tt. Meantime the various stay at home order has been extended for another month mayor london breed says will be a formal announcement later today, yeah, in fact the Health Department is going unveil their plans kron fours Charles Clifford has more on the story. Mayor london breed said that City Residents should be prepared to remain sheltered in place for at least another month until may first as the city tries t
Host how does this 2 trillion stimulus package, how is it going to help our economy . What can we expect to see . There of bad to be news. All it does is club a whole in the u. S. Economy. Hole in the u. S. Economy. You are going to see shocking Economic Data over the next few months where you might see upwards of a million jobs lost. The stimulus package is a big number. It just prevents a lot of companies from going bust and the stock market from coming under increasing pressure. A lot of the sources i talked to on wall street see this as a down payment for something intentionally larger in the second half of the year just to get the economy accelerated, getting things going well into 2021. Host you are seeing people on wall street and in the Business Community saying they are going to need another stimulus package just to get things back on track. This 2 trillion is not enough . Guest you are right on. That is the reality of it. Marriott, one of the Biggest Hotel chains in business,
Of the discussion. If you were recently unemployed, laid off, or furloughed, that line is 202 7488000. If you are currently employed, 202 7488001. If you are a Business Owner, that line is 202 7488002. We would really like to hear how this is affecting our business. For all others, the line is 202 7488003. Make sure to text us, including her name, where you are texting from. On twitter, we are at cspanwj, and on facebook we will look for your posts as well, facebook. Com cspan. This is the headline in the Washington Post this morning, jobless rates spike to 4. 4 as democrats and trump began to scramble for a new spending and stimulus. Workers, thee for worst is yet to come. By midyear, the nation will likely be suffering its highest Unemployment Rate in nearly 40 years and possibly the worst since the great depression. Bank of america says the jobless rate will hit 15. 6 . ,oldman sachs pegs it at 15 while the Nonpartisan Congressional Budget Office estimates 12 for the second quarter.
Begin to open questions about what does that mean, what are the risks inherent in that absolutely, rick, this is an issue that markets are paying attention to but again, both the commercial paper funding, if we get a facility, a similar way of trying to provide liquidity to markets and make sure companies can keep the doors open would certainly be steps forward to make sure that corporate sector doesnt experience too much stress as a result of this excellent thank you for your thoughts. Were running light on time and we will have you back as this proce progresses back to you. Good tuesday morning. Im Carl Quintanilla here at post nine of the new york stock exchange, Morgan Brennan at headquarters, jon fortt heads our coverage from the floor of the nyse compared to yesterday, relatively stable action no Circuit Breakers taken today, did lose 20 k briefly. Lets get to bob pisani. Not only is it a no, sir cut breakers but the volume is lower and the key event this week is going to be the
Character that we are seeing that a lot of people are talking about it were 141 countries from what theyre telling me and some of those countries are really working in a unified manner and theyre working very unified with us almost i could say good a good number of them doctors and nurses are working nonstop to heal the sick citizens and churches are delivering meals to the needy truckers are making the long d haul to keep shelves stocked weve been dealing with the big stores and the big chains walmart theyve been fantastic and others theyve all been fantastic weve made it much easier for them to stock in terms of travel and travel restrictions were lifting restrictions so they can get their trucks on time youre seeing very few empty shelves and yet the amount of volume that theyre doing is unprecedented because people want to have. What they have to have what they feel they have to have and theyre also buying in slightly smaller quantities which is good because were not going anywhere