And independents, 2027488002. U can text us if you want at 2027488003. You can tweet us and post on our Facebook Page. It was over the weekend that ed markey out of massachusetts appeared on a Boston Television station highlighting this proposal that he and california senator Kamala Harris, vermont senator Bernie Sanders have laid out for this proposal this payment based on the coronavirus pandemic. Right now, we are in the midst of the greatest economic down turn in our lives. Massachusetts senator ed markey, along with senators Kamala Harris and Bernie Sanders, unveiled new legislation that would send americans a check every month until this Public Health emergency is over. Americans need more than just one payment. The bill would provide 2,000 a month to every individual with an income below 120,000 a year. Married couples would receive 4,000. Families would receive 2,000 per child for up to three children. And the legislation would give payments to all u. S. Residents, even if they
Cdc calls for stronger restraints to stem the coronaVirus Outbreak youre watching a special edition of squawk box. Good morning, everybody, im becky quick. Joe kernen and Andrew Ross Sorkin are live at times square. Youll see the dow futures, the s p futures, nasdaq across the board limit down after weve seen what the feds reaction is and wait for the market to open. Well watch the etfs, those are not capped at 5 down. You can see what the action would be right now the dow etf is trading down by 8. 9 s p 500, etf trading down by 8. 8 these are the things youre watching very closely. Last night the fed took Emergency Action cutting i its benchmark Interest Rate from 1 to near zero, and other attempts in an attempt to stabilize the market buying 700 billion in mortgagebacked securities they are also activating swap lines, in an effect to calm lines. More from Steve Liesman in a moment. Other news out of washington today, the house passing emergency coronavirus aid legislation including f
Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but
Guests jessica biel billy crudup comedian jay jurden, and featuring the legendary roots cr questlove 1141 steve and now, here he is, jimmy fallon [ cheers and applause [ cheers and applause jimmy oh, thank you very much [ cheers and applause thank you very much, everybody welcome, welcome, welcome to the tonight show, everybody. Thank you for being here [ cheers and applause ]. You made it. The tonight show. You guys, tonight was game one of the world series between the Houston Astros and the Washington Nationals and this is nice, even though their teams not in it, yankees fans promise to boo whoever wins [ laughter ] well, earlier tonight, abc aired the classic halloween special, its the Great Pumpkin, charlie brown. [ cheers and applause they actually updated it a bit at the end of this version, the Great Pumpkin gets impeached [ laughter ] [ cheers and applause thats right, the impeachment inquiry is in full swing and i heard that today actually marks the onemonth anniversary of the
And crude is taking a spill as well our road map begins with breaking news as china retaliates announcing those new tariffs on u. S. Goods. Well go live to washington with details. The moment of truth. Jay powell is just an hour away from speaking out. Obviously the big event fed chair powell fed harker does not see a case. I am on hold right now. My forecast is just hold where we are for exact one of the reasons is that. I think we run the risk of creating too much leverage in the economy. My sense was we added accomodation and it was not required in my view. My view with this very low Unemployment Rate with wage rising with the inflation rates staying close to the feds target i think we are in a good place jim bohlullard made his caser lowering rate. Whats the market going to be the next five years. You adjust it for pc market is about 1 or 1. 1 inflation so we are supposed to hit our inflation target thats one reason why i argued that we should get lower well wonder whether powell i