A huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary Kerry Stephen minucci and the airlines that will receive the funding include Alaska Airlines Allegiant Airlines American Airlines Delta Airlines Frontier Airlines Hawaiian Airlines jet blue united sky west and Southwest Airlines now conversations continue with airlines regarding their potential participation now thats of c
White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consumer will not be able to spend as much and that there will be bad loans as people are not able to pay back all of t
Where fighting has intensified despite a saudi led ceasefire the ceasefire comes at the recommendation of the United Nations over the corona Virus Outbreak during the 2 week suspension yemens internationally recognized saudi backed government was supposed to work on bringing its yemeni rival the who thiis to the table for peace talks however who is the Officials Say theyre skeptical of the cease fire calling it a political and media maneuver to remind everybody yemen has been roiled in a civil war since 2015 after the who these captured the Nations Capital ousting then president. Hadi who now leads the internationally recognized government from exile in saudi arabia this year the International Rescue committee ranks yemen the worst humanitarian crisis in the world the war has made the country particularly susceptible to the pandemic unfortunately hospitals in yemen are already. Ravaged from the war and medical workers struggle to help the Saudi Led Coalition has launched at least 20000
Bombing of yemen just as the u. S. Defense industry has profited from this war what do you think about the u. S. Helping to starve millions of people in yemen. Well 1st of all lets be clear on something the United States will never admit to doing anything wrong that they will then push the blame to someone else i find it despicable you know they talk to us here in this country about our 2nd amendment and about us giving up our weapons at home and our guns and all this and yet the United States is the biggest seller of weapons throughout the world now i ask you this both are heinous if someone goes into a school and guns down children that is a heinous act its horrifying but whats the difference between that if a missile goes off target and lands and kills 150 innocent civilians remember this in war the biggest the biggest casualties are the innocent civilians not the people fighting the war not the soldiers on one side or the soldiers on another side its innocent civilians and the Unit
Fighting has intensified despite a saudi led cease fire the cease fire comes at the recommendation of the United Nations over the corona Virus Outbreak during the 2 week suspension yemens internationally recognized saudi backed government was supposed to work on bringing its yemeni rival the who these to the table for peace talks however who the Officials Say they are skeptical of the cease fire calling it a political and media maneuver. To remind everybody yemen has been roiled in a civil war since 2015 after the who these captured the Nations Capital ousting then president revenue and for hadi who now leads the internationally recognized government from exile in saudi arabia this year the International Rescue committee ranks yemen the worst humanitarian crisis in the world the war has made the country particularly susceptible to the pandemic unfortunately hospitals in yemen are already ravaged from the war and medical workers struggle to help the Saudi Led Coalition has launched at l