Washingtons effort to address job losses amid the coronavirus pandemic. Is next. N journal one month ago today, President Trump declared a National Emergency over the coronavirus pandemic. With wyoming over the weekend, all 50 states have been declared Disaster Response areas. Good morning, its monday, april 13, 2020. This first hour we will ask about your thoughts on the federal response to the coronavirus pandemic so far and how your state governor is handling the crisis. We will look at joe bidens just published plan to reopen america. Heres how to be a part of the discussion this morning. In the eastern and central time zones, but linus 202 7488000. Mountain and pacific, that line is 202 7488001. We welcome medical professionals, to hear from you. That live is 202 7488002 that line is. Is 202 7488002 you can text us at 202 7488003. We have facebook posts ready, we will show you those. As we begin the program yesterday, the New York Times had published a lengthy story on the lead up
Government is proactively telling people not to go to work , we cant give people the incentives and the aligned job skills to try to reenter the workforce. That would happen in a later phase. Right now, we are just trying to help families and households make ends meet so there is not as much financial suffering in the economy. We need to think about this into different phases. Right now we are in the relief phase and then we will start opening things up and what kinds of incentives will be needed to get the workforce back to its formal self. Phase, whats relief is your sense and how much bigger the number can go in terms of the jobless numbers . Guest the real answer will depend on how long the Public Health crisis is drawn out. If we dont go back to work on a broad basis for several more months, it is clear there will need to be an additional large package. I dont know if it will be the same as the prior one, but we have seen the Small Business loan Program Helping Small Businesses ke
Some of the democrats wish list has been taken out but the Kennedy Center for performing arts still gets 25 million and there is a provision which limits the response of Small Businesses to union action. Surely at times like this we should be able to pass a clean bill without measures that have nothing to do with rescuing the economy. It is a 900 page bill. We are still going through it. We are looking for the pork. Now look at the markets. There is virtually no reaction to those really bad jobless numbers. We will open with a very small loss, maybe go to the plus column at the time we open up. Right now we are looking at a 57point loss, 67 points for the dow industrials. Remember, please, this follows backtoback trading sessions where stocks went up. Some think that is a sign of at least a shortterm bottom. Well see. Again, the dow is now down 70. S p down 13. Nasdaq down 21. Lets get to the virus. 200 americans have died in the last 24 hours. The death toll now exceeds 1,000 in the U
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