So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed
Elderly people and to people with compromised immune systems but the line all went inside anyways people of all ages take a look at the video from earlier this morning at 7 oclock as i said theres about a dozen people up there and people of all ages and all in a new ways i talked to an employee here at target who told me they cant necessarily stop everyone from coming in its apparently more of a recommendation but this is the first ones say theyre doing it so hopefully it will catch on and people respect that take a look your screen we do have a list of the other stores included in this Initiative People really stepping up to make sure that the most vulnerable can get in and get out. Also doing it his whole foods they will leave a whole hour before opening that first hour to these people safe while also do that setting its side time from 7 until 00 09am in the morning on tuesdays and thursdays target as i said every wednesday will be for the first hour after opening as well as Dollar G
Pres. Trump thank you very much. I would like to begin by announcing some Important Development in our war against the chinese virus. We will be invoking the defense production act just in case we need it. I think you all know what that is. It can do a lot of good things, if we need it. Completed,e it signing it in just a little while right after we are finished with this conference. It is prepared to go. We will be invoking the defense production act. Last week, i find an Emergency Declaration under the stafford act. We invoked it previously which activated femas National Response. Fema is fully engaged at the highest levels. Inay, fema is activated every region. We are at level one d the highest level. Being the highest level. We have been working with fema. I have done a lot of work with fema, they are incredible. Tennessee and have a large group working in tennessee. Alabama last year also a tornado and obviously the numerous hurricanes in different locations that were very devasta
The White House Coronavirus Task Force Meeting with President Trump and Vice President pence. This is this is about one hour. President trump i would like to announce some progress on the chinese virus. War powers inthe case we needed. It can do a lot of good things have iteded and we will completed, signing it in a little while after im finished with this conference. Its prepared to go. We will be invoking the defense production act. Last week i signed an Emergency Declaration under the stafford act. We have been working with fema. They are incredible. Its always been on hurricanes or tornadoes but right now in tennessee, there is a large group working in tennessee and they have been incredible. That was a tragic event. Alabama last year and also a tornado and obviously the numerous hurricanes in different were verythat devastating in some cases in every case, fema came through. This is a different kind of work for fema but they will come through. As they always do. We have tremendous
Workers, the put millions of workers who are adversely affected by this crisis first. It includes service and industry workers,gig bartenders, airline workers, so many others. Our plan is entitled workers first, first and foremost. We owe so much gratitude to the hardworking people of america, and many are in trouble now through no fault of their own. This virus has affected some of has required others to be quarantined, and has caused businesses to layoff millions. We must protect them first and foremost. Plan has five basic pillars. Pillar one is to bolster the Health Care System dramatically. If we do not beat the fight against this virus, if we do not do it as quickly as possible, the economy will get worse to matter what we do, so we must work extremely quickly to bolster our Health Care System. For oura Marshall Plan Health Care System, and that is what we propose. Hospitals. Ect aid to the larger hospitals in many cities already have many patients in their beds. The smaller and