Forward with debating this legislation tonight. And to my colleague, the democratic leader who said this is a highly partisan bill, thats just not the case. Lets put the partisanship aside. Lets do whats best for the American People. I will tell you that over the past several days, through a bipartisan process, we sat down democrat and republican in four Different Task forces and put together the elements of this legislation. As a result, the bill before you tonight, the one were talking about, reflects republican priorities and democratic priorities. And im going to take the time to walk through it and to talk about some of those who people understand whats in this legislation. I was pleased to see the democratic leader say at the end he believes we can figure this out over the next several hours. He said 24 hours. I hope its not 24 hours. We cant the way that long. We need to move and move quickly. We see what the markets are doing globally. We know what the markets are going to do h
Bipartisan process we sat down, democrat and republican, in four Different Task forcege on put together the elements of the legislation. As a result, the bill before you tonight, the one were talking about, reflects republican priority t and democratic priorities. And the gore did takendal the te to walk through it and to talk about some ofs those the people understand whats in this legislation. I was pleased to see the democratic leader say at the end he believes we can figure this out over the next several hours. He said 24 hours. I hope its not 24 hours. We cant wait that long. We need to move and move quickly. We see with the marketed and globally. We know with the markets are going to do here. Weve seen with the futures are important we see thehe impact ad our states, among our citizens. Democratic leaders had more money needs to be put against hospitals and states and workers. There is an unprecedented amount of money for all three of those in this legislation, unprecedented. And
Locations as we put social distancing into effect here at cnbc as a precaution were going to start squawk alley this morning with bob pisani with an update on todays markets. Bob . And jon, the important thing here is i want to show you the futures because a lot of confusion overnight here we were futures down overnight, then we hada big rally at 8 00 a. M. Eastern time as the Federal Reserve announced new programs and yet the open was a real disappointment and it shows you that liquidity is fairly thin preopen. A lot of people were surprised we opened down so much but were off of the lows right now. Sects here, banks have had a tough time throughout the morning, most down 4, 5 or 6 . Energy stocks also had a tough morning. Everything else, 2 lets say, industrials, technology also down about 2 . Semiconductors started strong but have been weak for a while now. Boeing, one of the few stocks on the upside, only three or four up today, an upgrade goldman sachs. Home depot on the upside, c
Futures pointed to the loss of more than 400 points we saw oil rebound then finally, can you see the dow futures up treasury yields suddenly backing down a little after getting up 1. 2 on the 10year yesterday now getting to the latest. Yesterday, california issued a statewide order for california residents to stay home other states and cities are taking similar steps mack, is that coming here . We dont know at this point. Closing dinein restaurants, bars, clubs and gyms washington is working on programs to keep the economy afloat steve leaiesman is like the norh star hes here. Hes got the tie on. Eamon jafers no offense that you went tieless. You have some response on the fiscal stimulus as well. Maybe well get to talk about that great market timing of a couple of those senators too that is an important one. That really angers americans we had a couple of u. S. Senators exposed in the press yesterday for uncanny timing of selling stocks richard burr sold his stocks on february 13. Some
Coronavirus briefing with vermont governor phil scott to keep longterm commitment to coverage of the us senate. You can watch the remainder of this briefing on cspan. Org. Senate lawmakers are completing work on the third coronavirus economics to me was plan, final vote on the bill is expected today. Now live coverage of the u. S. Senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. O god, our father, we lift up our hearts in prayer because we trust in you. Lord, we know well the weakness and the insecurity of our hold upon this life. Comfort those who have lost loved ones during this Global Health crisis. When we wrestle with sad memories of mortal loss, give us all the glorious hope of life eternal. Lord, provide our lawmakers with the confidence that your allsufficient grace and power will enable them to become more than conquerors during this time of trouble. Remind them t