How much of this is connected to travel stocks and the coronavirus were going to explain it plus the state of california has declared a state of emergency related to the crowbars well have a live report and coke in mongolia is about to get its own Competitive League weve got the details so much to get to on this very busy day so lets get started. And we begin with another manic day on wall street as thursday the dow dropped over 1000 points again essentially erasing almost all of the 1200 point gain from wednesday it has been nothing short of a wild week on wall street with the dow swinging a 1000 points or higher twice in just the past 3 days monday markets posted their largest single day gain wednesday the dow posted its 2nd biggest gain as the healthcare sector shot up thanks to that super tuesday win for joe biden investors almost seem to be cheering signs of a Global Response to the corona virus which includes more than 8000000000. 00 in emergency funding. Coming from congress but
That weve been having so lets start here whats going on with this because we saw the dow as i mentioned up almost 1300 points on monday down 786 on tuesday up almost 1200 wednesday down almost down over 1000 again today do you ever remember a time when youve seen this kind of yo yo effect with the markets to this extreme. Well again you have to look at it percentage wise that weve seen this kind of movement but obviously we werent at 28000 at the when it started i think what youre seeing here is just a market that is showing you that the top is probably yes you know weve talked about on your show for the last couple of months that i thought we were in the early stages of a recession investors were looking for an excuse to sell and i think thats what youre seeing here i think this is very good topping action to a market thats probably going significantly lower from here and i think youll see a lot of these days but again remember when you look at percentage wise its feels bigger but its
Wednesday it has been nothing short of a wild week on wall street with the dow swinging a 1000 points or higher twice in just the past 3 days monday markets posted their largest single day again wednesday the dow posted its 2nd biggest gain as the healthcare sector shot up thanks to that super tuesday win for joe biden investors almost seem to be cheering signs of a Global Response to the corona virus which includes more than 8000000000. 00 in emergency funding coming from congress but that optimism didnt last for very long as california declared a state of emergency after a coronavirus related death and 53 confirmed cases in the state well meanwhile the Airline Industry has been hit hard over the past few weeks we told you about that its all thanks to the good and the decline in air travel its so bad in fact that fly the europes Largest Regional Airline has collapsed into administration on thursday morning as the economic damage caused by the ongoing virus escalated the airline cease
Senators. Republicans now pushing a 618 billion stimulus package, thats about a third of the size of bidens proposal and with this pretty big gap the question is, how are they going to narrow it . It was a very Good Exchange of views. I wouldnt say that we came together on a package tonight, no one expected that in a twohour meeting. But what we did agree to do is to follow up and talk further at the staff level and amongst ourselves and with the and while a number of republicans have stayed quiet on the controversy surrounding congresswoman Marjorie Taylor greene, last night the most powerful republican in the senate broke his silence in a very big way. Late last night Mitch Mcconnell released his statement writing this, loony lies and Conspiracy Theories are cancer for the Republican Party and our country. These words, a sharp contrast to the Statement Mcconnell released this morning defending House Chairwoman liz cheney who has come under fire for voting to impeach trump. Mcconnell
I would like to call the committee to order. Considereting today to the u. S. Mexico Canada Agreement implementation act. He isnder is not here but a new member of the committee. He has joined the committee on one of the most important pieces of legislation that we can do this year. The senator asve a new member of the committee. 2019, the senate received the house of representatives received the agreement. E usmca under fasttrack rules, the committee cannot amend the bill. We will vote today only on whether to report the bill before the bill. Before we vote, senators who wish to make statements may do so. And interest of time, i ask that the statements be limited to three minutes. I know that my staff has had a discussion with everybodys staff about that. Satisfactoryill be to the members. Scheduled, so i think it is important that we get this done this morning. I think that we can. After statements, i will introduce staff and Administration Officials to provide an overview of the bil