A vote failed again and as new york becomes a epicenter of the outbreak in america, more states are taking strict measures to keep residents at home including michigan, massachusetts and louisiana. As we stand, the market is down 3. 4 on the s p 500. The dow is down 60 poin60 59 minutes left of the session weve got a huge lineup of guests coming up including the ceo of Quest Diagnostics to break down the latest on testing for the virus and former bank of america governor, mervy nn king he was governor of the bank of england during the financial crisis we are covering every angle of this crisis for you mike is tracking the mashlgt moves. Kayla has the latest on the stimulus bill. Steve liesman is covering the feds historic moves again today and meg is following the latest treatment developments mike, first to you on the market another big sell off despite another big fed intervention yes, definite ly a big sell off. Though i have to say the intentionty of it, i dont know if this is much
S p is down 76. We are watching all of these markets. A few things are going on right now. Investors werent impressed by the feds vow to buy an unlimited amount of Government Debt and give loans to businesses, big and small. Theres one industry that Coronavirus Crisis is impacting directly, restaurants. They are closing their doors to patrons, trying to shift to takeout only. We s ghave got the owner of a gp of restaurants who will tell us, he will say this, the restaurant recession has already started, already in effect. We know folks are out of work but how bad is it . We will find out. Theres also sharks in the water, there always are. Investors are not just looking for an edge in the selloff but advising businesses in how to survive the crisis. Weve got one of the best in this. Hes an investor, an entrepreneur, founder of fubu and the star of shark tank, daymond john will join us to give us his perspective in all of this and oh, yeah, we are going to check in on liz claman as she b
To back the bell and set to publish their own support program. Force johnson orders the u. K. Into a three weeks lockdown, sweeping new laws to breakup gatherings and fine any dissenters. Taylor meantime, i want to bring you some breaking news coming out of china. Their companies are having the worst quarter on record, according to china. The headline as it catches my eye, the economy has not gotten better as much as we thought they would be returning to work. It looks for the first three months of this year, a Quarterly Survey of all the firms, it looks like every individual sector was reporting worse results than originally thought. Saleswas a widespread in amid the harder hit retail sectors. The collapse in revenue and profit. Again, Economic Activity collapsed in february. This is as we knew that there was the massive virus spread that was going on. I think the key headline is Chinese Companies continuing to have the worst quarter on record. Every individual sector reporting worst
Were waiting for the conversation on the role of congress and National Security and Foreign Affairs to get under way shortly. The u. S. House is in recess right now. The chamber will gavel in at about 6 20 p. M. Eastern when andy biggs is expected to bring up his resolution to condemn and censor chair adam schiff over the current impeachment inquiry. A vote related to that resolution is expected shortly after that. You can watch that live coverage on cspan and at cspan. Org. Okay, thank you. Thats exactly right. Now we have to recognize the Senior Member here. Well, it is a treat to welcome former colleagues, current colleagues ive worked with, every member of this panel in some form or another, inside and outside of government. Its a treat to welcome everyone here on behalf of the center of law and security on the nyu school of law that i am privileged to serve as a distinguished senior fellow at. Welcome to this program and welcome to my colleagues. This is really a treat for me to b
Okay, thank you. Thats exactly right. Now we have to recognize the Senior Member here. Well, it is a treat to welcome former colleagues, current colleagues ive worked with, every member of this panel in some form or another, inside and outside of government. Its a treat to welcome everyone here on behalf of the center of law and security on the nyu school of law that i am privileged to serve as a distinguished senior fellow at. Welcome to this program and welcome to my colleagues. This is really a treat for me to be joined together with you once again to talk about a really important and timely subject, the issue of National Security and how the executive branch and the legislative branch address some of the most Critical Issues of our time and i will do some very brief introductions in a minute, but you will understand the theme here is every single one of these distinguished Public Servants served in the executive branch and the National Security community and the searching top ekic