More testing and three to discuss the need for more assistance to the states. Murphy telling the president at one point in this, quote, we have been crushed as a state. So neil, i will send it back to you. Because well get the tape. One other thing i was told i want to get in real quickly, i was told the white house as it relates to more relief down the line potentially for states, the white house essentially is on hold, a pause, they are surveying the landscape what potentially could comb next. White house Officials Say a decision on next step measures not expected this week. They still say a lot of these programs still havent fleshed out all the funds. Murphy going to the white house to talk about the need for state funding. Nancy pelosi put the figure at 500 billion. Im told it will be several more days until the white house officially plots out its next step. Neil . Neil all right. Blake, thank you my friend. We do know governor murphy is already looking at reopening state parks th
To that discussion between camp and richard will professor wove thank you so much for joining me my pleasure im really glad to be here i dont know anyone better than you to diagnose the problems right now were looking at an economic crisis possibly 30 percent Unemployed People suffering across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well as a fuel cost but basically youre right the consensus was that we were doing really pretty well the president s absurd claim that the economy was great or even come greatest in the world. Was one thing that people winked at each other about but not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new young
Friend. Were watching that very closely. Were keeping close eye on washington. Were focused on capitol hill. The house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of 484 billion. Now the house physically there, in person, some Wearing Masks to make sure they get this done. Lets get the latest from chad pergram, how this will all sort of fan out. Chad . Reporter hey there, neil. This is the debate. They started 15 minutes ago on this bill, about 324 billion of this goes to Small Businesses. You might recall a couple weeks ago that fund ran dry. The cupboard is bare. The cost of this bill ballooned from 251 billion specifically to Small Business, to 484 billion as you say. House Speaker Nancy Pelosi says democrats improved the bill. There is money in here for hospitals and testing. Listen to the speaker. Im very pleased that it was transformed from a bill two weeks ago on the floor where the leader in the senate said, this is it, 250. Were no
No one could see that capitalism would have such a problem is that right. Well is a fuel cost but basically youre right the consensus was that we were doing really pretty well the president s absurd claim that the economy was great or even greatest in the world. Was one thing that people winked at each other about but not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new one century. In 2000 in the spring we had what came to be called the dot com crash into the sounds were 8 we had retained to be called the sub prime mortgage crash and now in 2020 we have their 3rd one their socalled coronavirus crash again and here is giving a name to each crash as if the cause and the explanation is entirely on what the trigger was you know but now its a mistake that is a economics mistake you give a kind of are still going to see miners
Reopening process going. Look, it does feel that there is a very self confident sense by governors that its time. I think that the president is so oriented towards its time, and the president is soed ed ed eet in having a vaccine by years end, that theres an element of two different worlds here. Theres the real world influenced by the president saying open it up, people want to do it, and the stock world influenced by Warren Buffett who said i sold the airlines because that industry has fundamentally changed. Its a big gulf. Really the largest ive seen amazing. David . Sorry, carl weve been talking about that for weeks. The many phone calls that you or i will have with Business Leaders who are focused on maintaining their liquidity, focused on just being around to fight another day come the end of the year. The many ceos who join us on air who constantly talk about their businesses not coming back to the levels they were prior to the virus for maybe two or three years. Now they may be