While signing the phase four relief package into law this afternoon will give another 310 billion to the ppp, the Small Business loan program, the president suggested that more help could be on the way in the form of government purchases. He suggested the oil and Airline Industry could be the beneficiary of a government buying product now at low prices for future use down the line. We could buy oil at a great price into the future, that gives them the infusion that they need and one of the ways we can help the airlines is by taking a very large discount, 50 off or maybe more. In dubai to three or four years of tickets and you infuse them with some cash. Connell at the Coronavirus Task force briefing, the president talked about the possibility that a disinfectant can be used to help internally combat covid19. Lysol came out this morning and urged that under no circumstance should our disinfectant products be ministered into the human body, the president today said the disinfectant shoul
Reopen america and put this great nation back to work. Thank you. Thank you very much. Mr. President . [inaudible conversations] elizabeth okay. Okay. This is the im elizabeth macdonald, welcome to the evening edit. The Coronavirus Task force just now wrapping up. Okay, heres whats happening, we have more than 50,000 in the u. S. Now dead, 26 million out of work. Oil is rebounding. Jpmorgan chase is telling Small Businesses, hey, apply with other banks because theres fears of fresh funds from the new program money that just came in will run out. Lets bring in former cia station chief daniel of match. He is basically hoffman. He is basically former station chief for afghanistan and pakistan. Sir, first i want to jump to this its great to have you on. Governor cuomo is now saying the World Health Organization was too little too late, that its basically that the critics have been saying that the who is in the back pocket of china. This is still an underlying controversy. Your reaction to
Even socially distancing practices, hes been at least 6 feet of space in between you and others at the beach so. Heres images of the beach this morning you can see. The Service Looking there are lot of people out there enjoying the water but heres what you should do if you are going decide to go out to the beach you want to make sure that youre keeping at 6 feet of space you want to avoid large crowds. So if you arrive at a beach and its too many people getting your car turn around go home now remember Health Officials also say because of those really coastal winds. Its one of the more high risk places that you can be since you just cant control the flow of the wind as youre out so you want to keep that in mind before you leave your house. Now last weekend a police on here pacifica issue hundreds of violations for people. Leaving their homes and be more than 5 miles away from their houses to frequent the beach so again if you are going to come out just people out here are doing a good
Only given consideration to more recently because of the phenomena. Well end up meeting the ceo a couple of months or whatever after we have made an investment it puts greater burden on us for Due Diligence and for the backgrounds of the people who are involved and the experience. Its probably going to end up with some good results actually. Thats interesting. Weve had some discussions on air about the degree to which lack of persontoperson meetings means can you close on a house, can you close on a transaction, but youre saying its not necessarily a deal killer it definitely is not. I think that will be for early stage companies. The Later Stage Companies where theres more substance involved and theyve been around longer is a bigger problem. Were in the early stage, a round, b round, period i think well have less of a concern about that we also obviously are focused a lot on follow on rounds for our existing portfolio which is fairly extensive at this point hi, alan, its jon fortt, go
Lots of guests coming up mel Mellody Hobson will join us. Well ask if todays the start of a downturn or a buying opportunity. The ceo of icelandbased Decode Genetics will join us. What the company has learned about how the virus spreads. Its an interesting study. Lets focus in on the big stories we are watching in this final hour of trade. Bob pisani tracking todays selloff Courtney Reagan with plunging retail Sales Numbers and wilford. Bob, a little recovery weve seen lets take a look at the s p and call this one cuomo versus the horrible Economic Data because the markets once again, cuomo moves markets. 12 30, started talking about lower hospitalization rates, the market lifted at that time continuing to lift but cant compete against those horrible Economic Data sara was talking about. The energy, the banks, the small caps, the industri industrials, Economic News, they suffer the Energy Stocks getting pounded, even down double digits, some recovering off the lows like apache and hess