I would say it is a very serious moment for everybody in the country and it is probably a new chapter in our history that is going to be rewritten. Or written this time. We have things that have never happened before on a scale that have never happened before to this country. And we are going to have to get back the way we did during the world wars where we all started pulling together to try to solve a common problem. That new chapter would begin with what . Employers do not know that they have to do or what they should do. We need to adopt that standard. The federal government has to to lead on that. The second thing we have to do, is get personal protective equipment in the hands of a number of our front line people because the shortage is there. People do not know how to get it. The strategic stockpile is not being opened up the way it should be. So we need to have one person in charge at the white house that is telling people, heres how you can get those supplies. Then we need to
That organization, richard trumka. Thank you for joining us on newsmakers. Mr. Trumka, i want to ask you about this moment in our countrys history where the stock market has seen workers are uncertain. Where would you put this moment right now . It is a veryy serious moment for everyone in the country. Is probably a new chapter in our history that is going to be rewritten or redefined. We have things that have never happened before on a scale that never happened before and we are going to have to get back the way we did quite frankly during the world wars are we all started pulling together to solve a common problem. That new chapter would begin with what . The shortages there people do not know how to get it. The strategic stockpile is not being opened up the way it should be so we need to have one person in charge at the white house that is telling people here is where you can get those supplies. Hospital bedvelop capacity no matter how much it costs because we will be stretched beyo
Whipsaw. Workers are uncertain. What would you put this moment, right now . It is a very serious moment for everyone in the country and it is probably a new chapter in our history that is going to be rewritten. Or written this time. We have things that have never happened before on a scale that have never happened before to this country. And we are going to have to get back the way we did during the world wars where we all started pulling together, to try to solve a common problem. That new chapter would begin with what . Guest well, first of all, we had several things that need to be done now. You have the threat of the virus itself. You have the threat of fear that everybody is going through. We have to overcome both of those. The first thing we should do, is to adopt a workplace contagious disease standard. So every employer knows what they have to do. Right now there is total chaos out there. Employers do not know that they have to do or what they should do. We need to adopt that s
Joining us from the headquarters of the aflcio is the president of that organization, richard trumka. You about this moment in our countrys history. Lives have been upended. The stock market has seen a whipsaw. Lives are uncertain. What would you put this moment, now . It is a very serious moment for everyone in the country and it is probably a new chapter in our history that is going to be rewritten. We have things that have never happened before on a scale that have never happened before to this country. And we are going to have to get back the way we did during the world wars where we all started pulling together, to try to solve a common problem. That new chapter would begin with what . All, we hadst of several things that need to be done now. Threat of the virus itself. You have the threat of fear that everybody is going through. We have to overcome both of those. The first thing we should do, is to adopt a workplace contagious disease standard. So every employer knows what they h
World, gaining. I want to focus on the 10 year yield. The fed announced yesterday some repo operations, announced again this morning they will buy some longer dated maturities. That is not helping the treasury market given the risk on feeling. Youre getting a lift up in yields higher, but the good news is the vix is coming down a little bit, which makes us all take a little bit of a sigh of relief. Take a look at this chart. It can get a little become located. The blue line is today. The white line is what happened in 1929. We are looking at the amount of days you are seeing 4 moves in any given direction up or down. The last time this happened was 1929. David how about that . A fateful year. We are now joined from newton, massachusetts by former u. S. Treasury secretary and Bloomberg Contributor Larry Summers. Thank you for being back with us today. We are going to hear from the president at 3 00 this afternoon eastern time. What would you like to hear from the president of the United