Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O
Drop them in the chat room. Voting is on everyones mind at the moment in with the coronavirus especially more voters than ever are trying mailin ballots are voting early and as we are talking about our usual voting methods so many things have moved to on line and people are asking will voting become digital as well . I want to start the conversation by asking why would you even want to on line voting and i will say im coming from Seattle Washington where we have a robust mailin ballots system and its quite easy. I think the appeal is enormous. In theory its largely been attempted in this country for military servicemembers and it could be used for people with disabilities who f dont have a lot of access to the polls. I think if we somehow had a robust on line Voting System that would drastically increase participation and the bigger question than how we would get there. This country doesnt have great numbers of people who show up on election day and many people are so engaged. They are
There was an endeavor to get to the city yesterday but we were landlocked yesterday, drove into the city under the trees. It was a little scarey we are back and it is nice to be here it feels like home good to have you back, andrew this is the situation that we probably havent given focus it deserves still millions without power 1. 4 million in new jersey without power. I know connecticut was hit worse. That storm even though a tropical storm, not a hurricane, stronger than anticipated. The wind event and damage significant. I appreciate it still trying to dig out from that today a lot of people that will be without power for days starting with the markets this morning. The nasdaq on another record six straight games it closed just below 11,000. Just north of 10,998 youll see this morning, us equity futures are not pushing above the 11,000 mark just yet six days in a row weve seen gains. This morning, indicated down by 20 points. The fourth day of gains for both the s p 500 and the dow
Have to deliver on these efforts with physical distancing. That means holding each other accountable. Reporter the governor and his health team issued a reminder of masks and not to wear them as a substitute for social distancing, because of the corona virus schools are canceled across california for the rest of the school year. School districts are trying to meet the needs of students. Yes, frank, a lot of School Districts are working on those distant learning plans those will be critical moving forward as many come to the conclusion that the students cannot be back in class by the end of the school your. Reporter the bay area is growing accustomed to see empty schoolyards in buildings and the governor is acknowledging that it is unlikely that the students will return to the classroom this year. . It is the right thing to do for our children, the parents, for households and for the communities for which they reside and we should make sure that we are preparing today to set our School
Churches coast to coast planning inperson Easter Sunday Services Despite stayathome orders, pitting pastors and parishioners against police. How you can worship safely. Were hearing from Bishop Michael curry and hillsongs pastor carl lentz on this good friday. Holiday weekend severe weather. The tornado threat for Easter Sunday. Where the storms are headed and how bad they could be. Were tracking the latest. Abc news exclusive. The emotional interview with one woman who triumphed over coronavirus. The new york mother with no underlying medical conditions tells us how she beat covid19 after getting that standing ovation from doctors and nurses when she finally left the hospital. Knowing that they cared that much to be there to, you know, to say that goodbye was wonderful. Why her story is a cautionary tale for so many. Her powerful message this morning. cause im gonna stand by you and paying it forward. The Small Business saved by our deals steals now giving back with an unbelievable do