More than 36 million have lost their jobs because of coronavirus. While congress has taken significant action, we must do more. On wednesday, Federal Reserve chairman jay powell urged congress to think big, address this crisis. The heroes act is a bold step to provide that support and ensure our nation meets the challenge of the pandemic and the ensuing economic recession. Within the appropriations division, this bill deploys more than 1. 5 trillion in federal funds to address this health and economic crisis. First, the bill delivers nearly 1 trillion to states and local governments so that they can keep our heroes, First Responders, health workers, teachers, and other Public Servants paid and working for the American People. I am proud that this bill will provide 67 billion to my home state of new york. Which has been hit so hard by this crisis. Second, we will only beat this disease with a Robust National strategy for testing, tracing, and treatment. Yesterday, dr. Rick bright, one o
Much, everybody. So, welcome to our Cabinet Meeting. Every member of my cabinet is working tirelessly to defeat the invisible enemy that should have never happened to our country, should have never happened to the world. It should have been stopped at the source. They decided not to do that. We opened our country and economy. It is happening very rapidly and it is happening interestingly what numbers are going down. You look at florida, the state of florida, good job. Others, at georgia, some are doing extremely well, far beyond what people thought. And the numbers are going down. It is really terrific. In our drive to crush the virus, the u. S. Has completed nearly 12 million tests, and that number today is almost 14 million. Nobody is close. Germany would be second with approximately 10 million less than us. South korea is doing very well. Their numbers are very small by comparison. ,hat has been done with testing with ventilators, with the distribution of product, has been incredibl
Africa. We begin in the United States where figures just released show almost 3200000. 00 people have filed for Unemployment Benefits it keeps april on track to be the worst month for job losses on record more than 33000000 people filed for unemployment in just the past 7 weeks and economists say Economic Growth could plummet by 30 percent in the 2nd quarter in the u. K. The picture is also looking bleak the bank of england expects the u. K. s economic output to shrink by 14 percent this year and unemployment to rise to 8 percent meanwhile the European Unions been warned to brace for its worst ever recession with the economy tipped to slump by 7. 4 percent after years of growth but figures from china are suggesting a different picture their exports rose in april for the 1st time this year up 3 and a half percent after many factories reopened. Our economics editor is watching developments from london. I think notoriously difficult at this stage to actually say how deep recessions will b
Back to work. If we do not have jobs, we do not have a country. Good afternoon. I want you to know this. Today, tomorrow, and every day Going Forward is one day closer to medical discoveries that will help treat and protect people from getting covid19. Focusthat day comes, our is to keep you safe while also restoring your ability to get back to work, to open your businesses, to pay your bills, to put food on your tables. But lets be clear. Covid19 still exists in texas. To goal is to find ways coexist with covid19 as safely as possible. That includes continuing the safe practices you have already adopted. Maintaining safe distances. Wearing a mask, sanitizing your hands. These safet that practices save lives. Practice that must be emphasized is protecting our most vulnerable texans, those who are 65 and older who may have other types of health conditions. They represent most of the covid19 deaths in texas. Two, thee into phase strategy for seniors is to continue to stay at home if at a
A place wont stock up holds actions against protesters at hong kong provoking angut from those who accuse offices of the sea. U. S. President donald trump has declared a massive new coronavirus aid package being debated in the house of representatives will be dead on arrival when it reaches the senate the 3 trillion dollar package being pushed by trumps rivals the democrats would eclipse all previous Financial Rescue measures the democrats control the house Donald Trumps republicans have a Senate Majority more than 36000000 people are claiming Unemployment Benefits in the us figures just out show retail sales down by a record 16. 4 percent in april. And late march President Trump signed a 2 trillion dollars stimulus package into law the largest of its kind in u. S. History it included payments for most u. S. Taxpayers to help them cover expenses while out of work jobless support was also expanded and there was more money for hospitals and for struggling businesses. When i watch house c