Host how does this 2 trillion stimulus package, how is it going to help our economy . What can we expect to see . There of bad to be news. All it does is club a whole in the u. S. Economy. Hole in the u. S. Economy. You are going to see shocking Economic Data over the next few months where you might see upwards of a million jobs lost. The stimulus package is a big number. It just prevents a lot of companies from going bust and the stock market from coming under increasing pressure. A lot of the sources i talked to on wall street see this as a down payment for something intentionally larger in the second half of the year just to get the economy accelerated, getting things going well into 2021. Host you are seeing people on wall street and in the Business Community saying they are going to need another stimulus package just to get things back on track. This 2 trillion is not enough . Guest you are right on. That is the reality of it. Marriott, one of the Biggest Hotel chains in business,
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
Unusual session but critical. Mr. Speaker, this legislation represents a bipartisan and resolve to meet the coronavirus challenge head on. It represents a focusnt on families and workers with the objective to make them safer and economically supported. That will protect workers as we all doo our part to flatten the curve. Public Health Officials have made it clear the only chance we have c to prevent our system to be overwhelmed with the pandemic it is threatened to be for his as Many Americans to stay home as possible. It is however necessary for us to be here, to pass legislatio legislation, to respond on behalf of the American People through this daunting challenge. The closure the large parts of the economy must be temporarily shutec down cause severe disruption for businesses and workers we saw the impact of this yesterday when new Unemployment Insurance claims increased by more than 3 Million People 3 million individuals. Those that rely on them for support of their families and
Phonel open up regional lines. If youre in the eastern or central time zones, we want to hear from you at 202 7488000. If you are in the mountain or pacific time zones, we want to hear from you at 202 7488001. If you are a medical professional, first of all, we want to say thank you are what youre doing for america right now. We will open up a special line for you. Medical professionals, we want to hear from you at 202 7488002. And keep in mind you can always text us at 202 7488003. And we are always reading on social media, on twitter, cspanwj, and on facebook at facebook. Com cspan. Again, the president , yesterday, signed the 2 trillion coronavirus aid bill. For you a little bit what he said to the media after signing the. Bill. [video clip] republicans and democrats coming together, putting their differences aside to make this for americans first. This support Small Businesses. We will keep our Small Businesses strong and our big misses and says big businesses strong. This historic
Policy conference. I am the director of the i amrch center and delighted to introduce the chairman and vice chair of the white House Counsel of Economic Advisors. In preparing for this session, i have a foundational commonality. He is originally from sweden. , am originally from minnesota the land of american swedes. Close enough. Currently on leave from the university of chicago, where he is a professor of public directs thees and program on Foundational Research and Health Care Markets and policies within the Health Economic initiatives. Severald in publicsector positions, including his role as Senior Advisor to the head of the food and Drug Administration and as the senior Economic Advisor to the head of the centers for medicare and medicaid services. He also served as the Health Care Advisor for senator john mccain during his president ial campaign. Thank you so much for joining us today. Start, it says on wikipedia that the chairman writes all 300 pages. If you would, please take