Continued coverage of the coronavirus outbreak begins now. Good morning and welcome breaking news, the Senate Passing an historic Coronavirus Relief package last night with a unanimous 960 vote. Chris joins us from new york what are the next steps for this bill reporter after days of partisan disagreement, the Senate Finally reached Common Ground on this vote, the yays are 96 the nays are zero. Reporter hopes to help the people blindsided by the coronavirus outbreak we are going through a crisis unprecedented. Im damn proud of the work weve done reporter sending 1,200 checks to individuals, 2,400 for families and 500 per child. Relief for the nations hospitals. Expanded Unemployment Benefits which means four months of payments for workers that will give them a sense of security they dont have right now. Think of the size of the bill you are asking members to vote on they should have the ability to have their voice be heard whether they are for it or against it passing within hours. The
Since february 5 and 6 thats right, it has been about a month and a half since february 5 and 6 for the dow and february 13 for the s p 500. Right now, it looks like the yield is at 0. 858 andrew we have a huge lineup of guests today out of washington James Bullard talking about headlines. Tom barrack and former federal chairman ben bernanke. Living through the crisis of 2008 and studying the Great Depression all of that coming up over the next three hours to the news that broke overnight. The white house and the senate announcing a deal. Well get to leaSteve Liesman f more on that and eamon with more. It was in the 1 00 a. M. Hour that it broke overnight. What we have here, joe, is a handshake deal we dont have a vote and we dont have the explicit text what we have is a deal here is how Mitch Mcconnell announced the deal at 1 00 a. M help is on the way. The American People are already rising to this great challenge the senate is about to follow suit well pass this legislation later to
In what minority leader Chuck Schumer called the largest rescue package in american history. Boeing and the Airlines Getting a huge lift on the back of that stimulus package with some names up 20 or more and treasury yields pulling back today with onemonth and threemonth yields in negative territory for the First Time Since 2015 weve got a great lineup of guests for you today including two key players in the global food chain the ceo of yum brands, they own cfl, pizza hut, and taco bell, keeps some open for pickup and delivery the ceo of mondelez, the steps his company is taking for his workers to keep that food on the shelves. Lets focus in on the big stories we are watching today. Mark santoli is tracking the market but kayla has the latest details on the massive stimulus package and when we can expect it to actually pass. Sara, the text of the legislation was circulated around 10 00 this morning before republicans and then democrats in the senate held respective calls with the treas
Good monday morning. Welcome to the show. Im dominic chu in for Brian Sullivan developing story as tensions between United States and iran reach new heights in the wake of that air strike that killed iranian general Qasem Soleimani. We have Team Coverage this morning. Nbcs tracie potts joins us from washington, d. C. Also nbcs cal perry is live in doha, qatar. Tracie, well begin with you. Reporter lets start with whats happening on capitol hill and whats expected to happen this week. Remember, congress did not get a heads up about this military action against iran. We have learned overnight that democrats now want to push to give President Trump a deadline to call it all off in a letter obtained overnight, House Speaker nancy pelosi told democrats theyll vote this week to force President Trump to end hostilities with iran in a month unless Congress Approves were much closer to the edge of war. Im concerned they dont have a strategy. Reporter congress did not get a heads up about the u.
Contribution to the u. S. An extraordinary year to look forward to. Abby, thank you for being with us. There is a lot to talk about in the next halfhour. I want to talk about immigration and the central bank. We have to talk about the markets. You have been the gloom cruz great pin yada. They love to go after abby great pinata. s they love to go after Abby Joseph Cohen. When does it end . All forank you first of having me here for this discussion. Gloom at year end 2018 in many ways set us up for a great start to 2019 in the markets. One of the things i am concerned about is just how happy everyone is at year end 2019. I think what is priced into the market right now is an economic scenario that seems to be the most likely no recession, the economy perking up a little bit, corporate profits in the mid Single Digits, maybe a little higher. It is priced into the market. When i am worried about is when valuation is already there the risks cutting fact be to the downside rather than the up