350 billion in direct Cash Payments will be available for every american citizen earning less than 99,000 per year. That would be 3400 very quickly for the typical family of four. Nothing like thats ever been done in our country. Up to 250 billion in expanded unemployment benefits. The average worker who has lost his or her job will receive 100 of their salary up to four full months. Unlike normal unemployment benefits, independent contractors and the selfemployed will be eligible. So you have independent contractors and selfemployed people will be eligible for this. Over 100 billion to support the heroic work of our doctors, nurses and hospitals. They have been incredible. 45 billion for a Disaster Relief fund. Were setting up a fund of 45 billion for Disaster Relief. That is more than doubling the amount available to support my National Emergency and disaster declarations. It is a doubling up. 27 billion to build up the Strategic National stockpile with critical supplies including ma
Pres. Trump thank you very much. So. Nice to be with you. America continues to gain ground in the war against the virus. I want to thank the American People for answering the call, following our guidelines and making the sacrifices required to overcome this terrible threat more aggressively. We commit to social distancing, so important. Social distancing, such an important phrase. And we do it right now. The more lives we can save and the sooner we can eventually get people back to work, back to school, and back to normal. There are large sections of our country that can probably go back much sooner than other sections, and we are obviously looking at that also. People are asking, is that an alternative . I say, absolutely, it is an alternative. Disaster declarations for new york, california, washington, iowa, louisiana, texas and florida. That has great significance, as you know, and legal significance. Were in a constant grouping and i can say this, we have a large grouping of people
Let that sink in for a moment. 16 just this week were not even done. President trump announcing a travel ban on all nonu. S. Citizens coming in from europe were awaiting details on a stimulus plan or domestic response to ensure containment mitigation and increased testing capabilities right here in the u. S. Were talking to three ceos today. Group one auto, redfin and verizon ceo about how these companies are dealing with the fall out and what the impact of this virus will be on the overall economy. Lets get right to our reporters covering the story for us rick ismonitoring the action i the bond action. We begin with steve on the phone with the latest on this move by the fed. Its been about an hour for markets to digest it people are still trying to figure it all out here it looks like the Federal Reserve is going to do a series of masds ifr operations to put it this way, it will be a trillion dollars a week in the following ways a half a trillion dollars was done at 1 30 today a half
Continue paying their workers they continue paying their workers as we want we want them to keep their workers and pay their workers this will help businesses keep workers in the payroll little our economy to quickly seller and as soon as we defeat the virus 300000000000. 00 in direct Cash Payments will be available for every american citizen earning less than 99000. 00 per year that would be 3400. 00 very quickly for the typical family of 4 nothing like thats ever been done in our country up to 250000000000. 00 in expanded Unemployment Benefits the average worker who has lost his or her job will receive 100 percent of this salary for up to 4 full months unlike normal Unemployment Benefits independent contractors and the selfemployed will be eligible so you have independent contractors. And self employed people will be eligible for this over 100000000000. 00 to support the heroic work of our doctors nurses and hospitals have been incredible 45000000000. 00 for Disaster Relief fund so w
That would be 3,400 very quickly for the typical family of four, nothing like that has ever been done in our country. Up to 250 billion in expanded Unemployment Benefits. The average worker who has lost his or her job will receive 100 of their salary for up to four full months. Unlike normal Unemployment Benefits independent contractors and the selfemployed will be eligible so you have independent contractors and selfemployed people will be eligible for this. Over 100 billion to support the heroic work of our doctors, nurses and hospitals. Theyve been incredible. 45 billion for disaster settin, ate thabling the amount a National Emergency and disaster declarations. Thats a doubling up. 27 billion to build up the Strategic National stockpile with critical supplies including masks, respirators, pharmaceuticals and everything you can imagine because it was very depleted like our military was depleted. Now we have a brandnew military. Never had a military like this. We have equipment eithe