I know youre loathe to lay into fiscal policy but given forecast for Unemployment Rates, do you think its important that congress extend the extra unemployment benefits. I think were trying to keep our comments on fiscal policy at a high level ill come to your specific question let me just say this, this is the biggest economic shock in the u. S. And in the world really in living memory we went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months extraordinary. Appropriately the response there fiscal authorities has been large, forceful, and very quick by the standards of these things roughly 3 trillion congress has authorized, and thats benefiting households, laid off workers, small and medium businesses, hospitals, state and local governments, 14 of gdp, its in a class by itself in terms of both the size and the speed of it. Its also pretty innovative. Both the ppp and Unemployment Insurance are quite innovative in th
Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up again in price. 16. 71 is the production price right now, but production is being scaled back very very sharply. Sup
[captions Copyright National cable satellite corp. 2020] everyone inrnoon, for tuning in and listening to this press briefing. I guess we have a little bit of good news and that is that the case count that we announced today is not as drastic as the one we saw yesterday. But it is still very concerning. Is 1147 ase increase opposed to the one yesterday of 2700. However, we did reach a grim milestone because we now have more than 10,000 cases statewide. 10,297 to be exact. We had an increase of 60 deaths. That increases much more in line with what we expect to see day today, not the 42 we saw yesterday. Thats what im trying to communicate to you. But the rate of spread, the number of cases will always depend upon the degree to which our people are complying with the stayathome order, with all of the social distancing guidelines we are putting out and minimizing social contact. We knew and have been telling people that getting through this crisis would resemble a marathon, not a sprint.
President trump is striking optimistic tone. Were opening up this incredible country because we have to do that i would love to have it open by easter. Cheryl we will get allstar analysis from the host of this show, Charles Payne will be coming up very shortly. Plus weve got a feel good story that you have to hear. A pizzeria owner new jersey, pulling out all the stops to make sure his employees get paid during this crisis. All that and more on making money. Cheryl and President Trump is wrapping up fox news town hall on the coronavirus response. That actually just happened a few moments ago. At the same Time Congress is still trying to put together a stimulus package for americans. We have blake burman live at the white house with a lot more as the president just finished talking to fox news. What do we know, blake . Reporter a lot of news here in washington, d. C. , on both sides of pennsylvania avenue. Lets start here, chairman, at 1600 as President Trump wrapped up the fox news tow
A search for suspected coronavirus cases after thousands attended religious gathering potentially exposing them for. Setting up more business the company in gaza thats rehiring stuff that can fill a huge demand for medical clothing. And the number of deaths in spain from coronaviruses continuing to rise authorities are recorded 849 fatalities in just the past 24 hours thats the highest figure so far and it is the 4th day where more than 800. 00 people have died and this brings the total to more than 8100. 00 spain is now the 2nd worst hit country in the world off to italy a Spanish Health care system is under severe strain frontline workers according on the government to provide more personal protection of whitmans as malta there are reports now from a trip. I have. Sent a 14 percent of the people that have tested positive of carbon 19 they are they have been struggling to buy a corner a virus in safety conditions as they have been running out of gowns of googles of masks they dont hav