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The women owners are defying owners. Chicago, teachers and parents once again at odds of reopening plans that even parents say are major league screwed up. California, wildfires that are raging out of control right now with no end in sight. Talk about impeccable timing . Were on top of all of that. Were focusing on developments in washington where the president is meeting with a number of tech leaders and workers. Blake burman at the white house with more. Hey, blake. Reporter hi, there, neil, and President Trump is set to be signing an executive order in washington momentarily. Im told what this will involve to try to insure when federal contracts are given out, they are given out to u. S. Citizens and not potentially h1b visa holders. Trying to insure the contracts are given to american citizens. We should be hearing from the president shortly. We will wait to see, neil if the president will be taking any questions and if he do ....
Neil. Well, you said it when you set this up at the top. The conversation here on the floor has surpassed this notion of correction which the markets have gone straight through, but now traders are talking about bear market territory. That would be a 20 decline from alltime highs. Theyre saying they hope it doesnt happen, they hope maybe a bottom is set here today. The problem is theres just so much uncertainty, and we dont know where this whole situation is going to go. You know, the comparison has been made to the financial crisis, but there was an orderly process, right, between the government and the banks that stepped in to try to work on things. There was some uncertainty, but people were working on it. With this, were not sure how bad it can get, and thats whats spooking investors. Now, the s p 500 entering correction territory, it only took six days to get there. That is pretty staggering. The last high that we saw was on february 19th. Its been the worst trading week since tha ....
Blake burman at it white house with more on that. Reporter neil, there are details coming out of Northern Syria that the ceasefire is not holding up as you say. One Nongovernmental Organization telling fox earlier this morning that 30 people were injured by force house are backed by turkey. Just moments ago the president announced on twitter that he has spoken with the turkish president erdogan today. It was a lengthy three tweets. Let me tick through them, neil. The president just tweeted the following says he has spoken with erdogan. He told me, this is the readout from the president , quote, there was miner sniper and mortar fire quickly eliminated. Very much wants the ceasefire or pause to work. Likewise the kurds want it. The ultimate solution to happen. Next tweet the president goes on to say there is good ill with on both sides and a chance of success. Th ....
I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n ....
Russian and Turkish Forces are. Were just trying to ascertain where the president got the thousands of lives that have been saved on the kurds side. At this point, i am not questioning him, we have not found evidence or anyone to corroborate that. When we do, we pass that along. We want to make sure everything on the up and up and information youre hear something accurate. Separately we want to get to the Mark Zuckerberg testimony on capitol hill. This is about the libra currency at the outset or his hiring practice, whether he got too big for his britches and whether he alienated republicans and democrats and in the future his company is broken up. The stock bouncing up because they think he has done a pretty good job thus far. Hillary vaughn with the latest from washington. Hey, hillary. Reporter ohiohi, neil. Mark zuckerberg making the case or assuring lawmakers he will n ....