I think the main thing to focus on at this point we will bring in the leader on this point is Congress Needs to come back, in your view, to do this last him in this package. You believe, frankly, it has become untenable for you and for the house generally to have lawmakers on the sidelines as you craft these kind of trillion dollars spending packages every couple of weeks. Explained in your view what kind of changes need to be made here to Bring Congress back and to get the plays back working again. Rep. Mccarthy thanks for having me on. My big challenge here is how can you do another bill and not have the committees work . Are you going to have a few people craft this . Think of how much we passed already 3 trillion. You take that along with what the fed is giving. That is 7 trillion into the economy. We want to make sure that is implemented correctly. In my letter today, it starts out with what Benjamin Franklin once said. Plan, you feeling the are planning to fail. My letter is not
Untenable for you and that generally to have the lawmakers on the sidelines as he craft a kind of chilling dollar spending packages every couple of weeks pretty explaining your view what kind of changes need to be made here to Bring Congress back and get the place working again. Thanks for having me on. How can we do another bill and not have the committees work . Are you just going to have a few people crafted this . Think how thats gonna pass 3 trillion you take that along with what the senates during that 7 trillion into the economy we want to make sure that is implemented correctly. In my letter today, it starts out with what Benjamin Franklin once said, if youre part of the plan planning to fail. My letter is not a partisan letter all and part of this is the Bipartisan Group we put together to work on this. This different phases to we should bring a few committees back now because you have to have social distancing. Mba, water resources, he also need preparation bill bring subcomm
Lawmakers on the sidelines as you craft these kind of trillion dollars spending packages every couple of weeks. Explained in your view what kind of changes need to be made here to Bring Congress back and to get the plays back working again. Rep. Mccarthy thanks for having me on. My big challenge here is how can you do another bill and not have the committees work . Are you going to have a few people craft this . Think of how much we passed already 3 trillion. You take that along with what the fed is giving. That is 7 trillion into the economy. We want to make sure that is implemented correctly. In my letter today, it starts out with what Benjamin Franklin once said. Plan, you feeling the are planning to fail. My letter is not a partisan letter at all. Part of this is this Bipartisan Group we put together to work on this. There are some phases to it. We should bring a few committees back now because you want to have social distancing. Water resources. You are going to do good preparatio
This on top of slight gains yesterday at 4 00 oclock. Markets were up. As you see dow industrials up 33 points and nasdaq up 139. Getting america working once again. President trump announcing plans to reopen the economy in phases. The president went through it yesterday. The Small Business aid program has run dry on capitol hill. The battle is waging on how much money, how much to add to funds to help business and American Workers now. Coronavirus is taking a toll on the chinese economy. It has contracted 6. 8 in the First Quarter. First ever quarterly contraction and wuhans death toll revised up 50 adding fuel to questions of beijings actual reporting on the virus. Secretary of state mike pompeo live at 8 30 a. M. Eastern on the possible origins of the virus as more people focus on the lab in wuhan, something that ive been putting the spotlight for months. What actions can be taken to china for lack of transparency. Mornings with maria begins now. Positive news on gilead. You saw the
Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i