It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
Sad dutyt, it was my to report the first death in maryland as a result of the coronavirus pandemic. A Prince Georges County resident in his 60s with Underlying Health conditions, and no known travel history. This maryland or was infected with a virus through community transmission. And i know that all marylanders joined me in praying for his family and his loved ones. Unfortunately, we are only at the beginning of this crisis. And while this is the first death here in maryland, unfortunately, it will not be the last. Have this morning, we now 107 confirmed cases of covid19 here in maryland, and 88 increase an 88 increase in the last 48 hours. Among todays new cases is a fiveyearold girl in Howard County who has tested positive for covid19. The first case of a child contracting the virus here in maryland. Morning, there are more than 220 confirmed cases in the washington region here in maryland, washington, d. C. And virginia. And 9500 cases across the country and more than 220,000 case
Proposal. Her back glouround and the challenges they face. Singer andra day will be in studio 57 to help us reveal the 60th annual grammy nominations. We begin with a look at todays eye opener, your world in 90 seconds. These allegations are completely false. Im going to take off some gloves and show the truth. Senate candidate roy moore talks tough. Tempers starting to boil over around the moore campaign. People got physical outside the event. Hey, hey, hey. Leandra english, not Mick Mulvaney. The judge will now decide whos in charge. Does the Consumer Financial Protection Bureau im Going Forward forward and ill be here until either the court or the president tells me otherwise. President trump is getting backlash for comments he made about u. S. Senator warren during an event honoring native american veterans. He thinks that somehow hes going to shut me up with that and its just not going to happen. A volcano on the indonesian island of bali continues to spew ash into the air. Strand
Well call this hearing to order. Today we are welcoming the administrator of the federal Emergency Management agency, mr. Brock long. Were here to talk about response to recovery to hurricane irma, maria and harvey and the wild fires. Thank you for being here. I want to thank you and the thousands of dedicated fema personnel who have deployed and who continue to work tirelessly to help communities and families get back on their feet in the wake of in every instance of these devastating events. Congress has passed two emergency sup lementals which have provided an additional 26 billion to ensure femas ability to response to immediate aftermath of disasters. Now is the time to shift focus from response to recovery. And while some of these efforts are already underway, theres still a very long road ahead. Today we look forward to hearing from you on how this third supplemental request, 23. 5 billion will enable communities to start down the long path of longterm recovery. Mr. Long, please