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Transcripts For CNBC Closing Bell 20240713

Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the

Transcripts For BLOOMBERG Bloomberg Surveillance 20240713

Markets could hit that Circuit Breaker limit. It is incredible when we think about the volatility. It doesnt seem like the Federal Reserves jay powell has calms kets by any has combed has calmed markets by any means. Francine lets get straight to the bloomberg first word news in new york city with viviana hurtado. Viviana we begin with the most extreme effort yet to slow the march of the coronavirus in the United States. The cdc recommending events of 50 people or more not be held for two months sports, weddings, parades, concerts. All of these are on a twoavoid list. The economic slump in china is worse than analysts feared be the coronavirus leading to factories, shops, restaurants enclosed across the nation. Industrial outlets plunging 2. 5 . Retail sales were down more than 20 . Now the first oneonone debate between president ial hopefuls joe biden and Bernie Sanders. They sparred on ideological lines over how the government should respond to the coronaVirus Outbreak. Mr. Sanders s

Transcripts For CNBC Squawk Box 20240713

Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h

Transcripts For CSPAN Education Secretary DeVos Testifies On Presidents 2021 Budget Request 20240713

The subcommittee will come to order. Good morning. Good to see this morning. Welcome to the subcommittee. This is our second Budget Hearing of the year. , we are goingknow to examine the department of education budget request for fiscal year 2021. As i was reviewing the budget materials, this much was clear to me. To privatizeng Public Education. I believe it is the wrong direction for our students and for our country. We need to be moving towards earlying policies like childhood education, that we know helps students succeed. We see this in other countries around the globe. They are not shrinking public support but are expanding it. I will get more into the consequences that you are proposing, but i want to start by examining your privatization philosophy. The false premise on which it is built and the research. , theary to your claim Public Education system, which 90 of our children attend, has witnessed significant progress for all groups of students. Scores haveematics improved for

Transcripts For CSPAN Education Secretary DeVos Testifies On Presidents 2021 Budget Request 20240713

Of it is your fourth hearing yours with us. Today, as you know, we are going to examine the department of education budget request for fiscal year 2021. As i was reviewing the budget materials, this much was clear to me. You are seeking to privatize Public Education. I believe it is the wrong direction for our students and for our country. We need to be moving towards expanding policies like Early Childhood education, that we know helps students succeed. We see this in other countries around the globe. They are not shrinking public support but are expanding it. I will get more into the consequences that you are proposing, but i want to start by examining your privatization philosophy. The false premise on which it is built and the research. And the research that it ignores. Contrary to your claim, the Public Education system, which 90 of our children attend, has witnessed significant progress for all groups of students. Average mathematics scores have improved for fourthgraders by 14 .

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