Meeting with governors that he believes that the fed chair is doing a good job. Also saying dr. Anthony fauci wants to play all sides of the equation. Nowas been pushing back on is the time for the economy to reopen we could backtrack on the progress we have made in the midst of the pandemic. To talk more about the market slide today, i want to bring in taylor riggs. Turned negative for the year. We saw the nasdaq boosted by tech considerably over the last several days. What has happened to start this turn . Taylor we have had some poor economic data. I want to talk about some of the cpi data to reinforce what we already knew. We are in a deflationary environment. You also mentioned jay powell. He said the economy faces unprecedented risks and could lead to economic damage. What that means for the nasdaq we have erased the gains we have had for the year. Year bynegative on the about 1. 2 . As you mentioned, big tex has been big tech has been in outperform or. Outperformer. The rest of
Conversations the secretary of treasury over the last production days with the Paycheck Protection Program try to settle the order of forgiveness it is been a big issue a Small Businesses and not for profits in my state and across the country. There is no closing information on how the Paycheck Protection Program ends. We are very grateful to have the help at the beginning but it is set up to be a loan unless you qualify for. A lot of folks take the loan transition to a grant under the t hope that everyone will be treated fairly. But the rules were not set in place spent a lot of time this weekend at the Treasury Department they released finally today a very simple statement that if you are truly very Small Business or wnotforprofit code that is your total loan was 2 million or less you will be with a call safe harbor youre not have to worry about audit follow through the end of it its going to be very straightforward process for those very Small Businesses and small notforprofit. That
There is a new listing on testing, we cracked 10 million tests, which is here. You would like to show that to everybody. A record by far. If you look down here, these are other countries that have not done anywhere near what we are doing. We doubled, if you add them up and double them, we have done more tests. I cannot get the press to print that. They do not want to print that. I want to thank the governors. We appreciate it. We will have thoughtful talks going to the next step. We will try to get you to open up, and you are opening up, you are trying, you are opening up. You are doing an excellent job and it is an honor to have you in the white house. These gentlemen have done a fantastic job. Youre very much involved in your states. How are they doing . I think they are doing a good job, they really are. We are talking about space force, and a lot of states are interested in space force. We are talking to some of them. Colorado is interested in it. We might mention that today in our
If you agree or disagree. Let us know. Democrats, 202 7488000. Republicans, 202 7488001. Independents, 202 7488002. If you want to talk about this idea of spending to help the economy and text us, it is 202 7488003. Ur twitter feed, cspanwj you can post on our Facebook Page at facebook. Com cspan. The Financial Times picked up the story in which chair powell talked about in washington. Additional fiscal stimulus may u. S. Orth it to shield the economy from longterm damage left by the pandemic. The oce secretarygeneral warned the rising debt level would come back to haunt us. Powell told the Peterson Institute in washington yesterday that although the economic response is timely and appropriate at large, it may not be a final chapter. That event is available on cspan. Org. Here is a bit of that event featuring jay powell. [video clip] we will continue to use our tools to their fullest until the crisis has passed and the economic recovery is well underway. Recall that the fed has lending
But republicans are balking. Will they compromise . The cdcs new alert about kids and covid19. Warning doctors to be on alert for the dangerous inflammatory a out of control. Wildfires burning in florida. 4,000 acres. Mandatory evacuations under way. But dangerous winds on the move that could cause it to spread. Ginger is tracking it all. Abc news exclusive. Back to school. Inside how the university of arizona hopes to reopen in the fall promising everyone on campus a covid test, while the chancellor of California State University joins us live and telling his nearly 500,000 students to stay home. Superstar matt damon speaking out from selfisolation in ireland revealing his daughter had covid19 and how a small town adopted the superstar. The oscar winner repaying their kindness and surprising a nurse on the frontlines in dublin. Oh, my god thank you so much for what youre doing. Good morning, america. Were happy to be with you on this thursday morning, as you like to call it, robin, fr