The disease. Major sporting events were postponed or canceled. Schools and colleges close their doors, concerts were scratched, even traditional st. Patricks day parade were called off. Thousands were told to work from home. President trump was seen daily on tv holding high level meetings and giving updates on the federal response. His critics blasted him for not doing enough. That on friday, he declared in a National Emergency bringing out more federal money for states and municipalities. Meanwhile wall street was reeling. The Financial Markets have gone into freefall on fears the impact of the disease could cripple economic growth. History was made on wednesday when the longest running bull market came to an end almost exactly 11 years to the day began with the dow falling more than 20 from its highend month ago. The next day, stocks drop the most in one day since the 1987 financial crash. However on friday, there is some hope that the federal Stimulus Program might help the crisis.
Policies. At 9 00, a discussion on the 75th anniversary of the battle with edward and i and owen connor. National museum of the marine corps senior curator. Host good morning. A three hour washington journal is ahead and we will talk about the state of u. S. Manufacturing and take you to the National Museum of the marine corps for the second stop of our museum tour. We begin the question about who should get credit for the state of the u. S. Economy. The current and previous occupants of the oval office claimed credit for the robust u. S. Economy. This morning, we put the question to you. Republicans, the phone number is 2027488001. Democrats, 2027488000. Independents, 2027488002. On can also catch up with us text message. That number, 2027488003. If you send a text, please include your name and where you are from. Otherwise on twitter it is cspanwj and on facebook it is facebook. Com cspan. A very good tuesday morning. You can start calling in now. We take you to the headline in usa t
Million manufacturing jobs in the u. S. The trend since the end of the great recession, dating back to the early days of the Obama Administration, has been incredibly positive. Slow but steady. The trend over the last year has been a little less rosy. We have added only about 26,000 manufacturing jobs over the last 12 months. This is in a private sector economy that added about 2 million jobs in the same period. Manufacturing has lagged far behind the rest of the economy. Duringas a 1. 5 year boom the Trump Administration, but that has dissipated. We have been losing manufacturing jobs. Host what do you. 2 for that for that lag . To guest there has been some uncertainty. It has come around as a result of the trade policy. I think it has had some benefits but it is also adding uncertainty to some businesses. They are reluctant to invest and other things are not getting purchased. That has a spiral effect in manufacturing. Gas,ave seen in oil and ironically when the prices go down a litt
206,000 manufacturing jobs over all of the last 12 inmonths. And this is in a private sector economy that has added about 2 million jobs over the same period. So you see thats lagged far behind the rest of the economy. There is about a one and a half year boom during the Trump Administration, but that has dissipated. In over the past few months in particular we have been losing manufacturing jobs. What do you point to for that leg . Thats a great question and there seems to be a couple of trends. There has been some uncertainty that has come around as a result of the trade i policy. I think the trade policy has had some benefits but has also added some uncertainties to businesses. They are reluctant to invest and that means and other things are not getting purchasedur and it has a spiral effect in manufacturing. You have seen an oil and gas, ironically when the prices for oil and gas go down a little bit, that means there is probably reduced employment in the refining and other sectors
Has always been against cooperation on energy with europe to teach to. The youngsters not be frank it will strengthen russia and weaken europe. Extraterritorial sanctions will get made and see how to go forward with no extreme things like. Also coming up the risks in the pipeline and the risks in the network an exclusive interview with the head of chinas 5 g. Giant who way he says theres every reason to trust his company can the state of china force you to give information which you would be able to collect for example in germany now while we once were away has never received any such requests. To our viewers on p. B. S. In the United States and all around the world welcome we begin the day with threats coming from china and. United states aimed directly at germany the Trump Administration has spent most of this year warning the German Government not to trust the Chinese Company who way and who way is a global giant in 5 g. Equipment the equipment that germany needs to roll out a Faste