On friday, President Trump declared a National Emergency to deal with the coronavirus. Members of the White House Coronavirus task force and Industry Leaders joined the president for the press conference in the rose garden. Ladies and gentlemen, the president of the United States accompanied by the Vice President of the United States. Trump thank you very much, everyone. Thank you. Beautiful day in the rose garden, appreciate everybody being here. Today, i would like to provide an update to the American People on several decisive new actions we are taking in our very vigilant effort to combat and ultimately defeat the coronavirus, weve been working very hard on this. We have made tremendous progress. When you compare what we have done to other areas of the world, its pretty incredible. Thet of that had to do with early designation and the closing of the borders. As you know, europe was just designated as the hotspot right now and we closed that border it a while ago. So, that was lucky
President trump thank you very much. Thank you. Beautiful day in the rose garden. Appreciate everybody being here. Today i would like to provide an update to the American People on several decisive actions we are taking our vigilant effort to combat and ultimately defeat the coronavirus. We have been working very hard on this. We made tremendous progress. When you compare what we have done to other areas of the world, it is pretty incredible. A lot had to do with the early designation and closing of the borders. Justu know, europe was designated as the hotspot. We closed that border a while ago. Luck, call it what you want. Through collective action and shared sacrifice, national determination, we will overcome the threat of the virus. Announced wednesday night following the advice of our medical professionals that we appreciate very much that we are suspending the entry of foreign nationals who have been to europe in the last 14 days from entering the u. S. Citizens, permanent residen
Conference in the white house rose garden is imminent. Hes expected to declare a National State of emergency over the deadly coronavirus pandemic that has taken the lives at last count of 41 americans and infected more than 125,000 people around the world. As we await the president to appear before the m cameras, we will take it the second it happens, markets on the verge of closing out the worst week since october 2008. We are firmly still in a bear market right now. What if anything can the president say to pull the markets out of this weeklong tailspin . To our floor show traders. We are teeing it up in front of the president. You have been on the markets front line. Tom at the nyse, phil at the cme. What Market Indicator will you most closely watch as the president speaks . Well, we saw extreme fear yesterday and they always say when no ones worried, thats the time to worry. Well, yesterday everyone got worried and they came out with massive action. Mnuchin reminded me of mario dra
Will open up access to up to 50000000000 dollars of very importantly for important and a large amount of money for states and territories or localities in our shared fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers Effective Immediately youre going to be hearing from some of the Largest Companies and greatest retailers and medical companies in the world as to anyway. Behind me and that side of me im also asking every hospital in this country to activated some urgency prepared as planned so that they can meet the needs of americans everywhere the hospitals are very engaged in new york and various other places are also very sing gauge i just spoke with Governor Cuomo we had a very good conversation and were working very strongly with many states including new york. The merging see orders im issuing today will also confer broad new authority to the secretary of health and Human Services the secretary of h. H. S. Will be able
President that were about to hear. Good afternoon. The headline from President Trump today is that hes declaring a National State of emergency under the auspices of two federal mandates. One is the National Emergencies act. The other is the stafford act. Declaring an emergency under the stafford act will allow the president to tap into the fema Disaster Relief fund. A total of 42 billion in that fund right now of which 35 billion would be available. That is the same fund, by the way, that fema uses to address natural disasters like hurricanes, earthquakes, floods, things like that. So the president will tap to billions to help respond to the coronavirus. The declaration under the natural Emergencies Act has to do with health and Human Services and waivers for medicare, medicaid and the s chip plan, this is designed to increase the capacity in local markets for hospitals to be able to treat people, for hospitaling to take each other in. Right now theres restrictions in the number of bed