Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
It appears that the president s task force is ready to recommend that all americans now wear a mask, a scarf, bandanna or some other protective Face Covering in order to protect against the virus. Here is doctor Anthony Fauci this morning stressing that Face Covering does not mean using the same much needed n95 mask that are in such critical need for our doctors, nurses, healthcare workers who are fighting on the front lines. When you are out, and you cannot maintain the 6foot distance to where some sort of facial covering. The important point to emphasize is that that should in no way ever take away from the availability of masks that are needed for the Healthcare Providers. Lou incredibly, much of Corporate America is working with the president and working for the American People. Acting in the National Interest in the worsening crisis. One firm tonight stands out. The president first requesting and now ordering that 3m stop altogether its export of much needed, critically needed n95
Things will get worse than they are right now. It is 10 times more lethal than the seasonal flu. The flu has a mortality of 0. 1 . This has a mortality of 10 times that. Much dr. Fauci says how worse things become depend on the ability of u. S. Authorities to curtail the influx of travelers who may be bringing the disease into the country, and the ability of states and communities to contain local outbreaks in the united states. Italy has unveiled a 28 billion stimulus package to help the the coronavirus outbreak. Italy needs special permission from the European Union to spend more than allowed under the strict budget rules for member states. The country has more than 10,000 confirmed cases of coronavirus. More than 600 people have died in italy. Im Mark Crumpton with bloombergs first word news. Bloomberg World Headquarters in new york, im shery ahn. Amanda lang. m welcome to bloomberg markets. We are joined now by our audiences, and here are the top stories we are following from aroun
Commentatoentary the last 24 hos whether its acumen and dalio on one side you point is, no revelation 6 8. Why are we not believing in science . You have been pretty consistent on that. What happens today if the fda approved a drug . What happens if they do that do we then start thinking about, geez, how much pain it will be if we print all these dollars. How about if it is approved and we say, you know what, im really worried about boeing. I mentioned that because its front and center, but im looking at the fda and not at the fed, and i think a lot of people who came on this morning oh, damn, i lived in my car and was not doing so well its not all done in fair weather. I listened to a lot of really rich people, some crying yesterday, today, talking about the end of days, i think the American Worker is a little tougher and i think if we get the drug, we get approval, i think well all say, geez, maybe this thing isnt going to last forever and we can tide workers over, and we can help th