Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gatherings. The first lawsuits have appeared, a cruise line sued. And just look at this. Students at the university of dayton rioted last night after the authorities announ
Trading here. What is really interesting is the sentiment on the floor, right . Ive been coming down here for the last three weeks. Weve seen very, very extreme swings daily and traders right now are basically desensitized to what theyre hearing and what theyre seeing and these big movements in the market. It is not to say theyre not worried about it, and theyre not worried what will come out of wall street. The question, and the point they make to me, this virus needs to get to the point where it peaks and starts to trail off. That is where the markets calm down. Not until then will we see volatility subside a little bit. You see the Market Selling off 1000 points today. The point made in the previous show. There was a lot of hope yesterday that washington would come up with some sort of a stimulus solution. Right now, folks are kind of scratching their heads, wondering whatever they come up with, if it will be enough. Were watching the dow down 1052 right now. The the biggest dow dra
Pres. Trump thank you very much. We just completed a very good meeting of the Coronavirus Task force and they are really doing a great job, our professionals. The results are very good. And when you compare this to what is happening around the world, we are very proud of our people. And there has been a tremendous amount of coordination with with cities, they are a smaller form of government and , things are going well. They are coordinating with us, and i think certainly california has been terrific, the relationship. New york has been really good. Weve had some really good relationships in terms of the hotspots, and we are focused on those hotspots. Some areas we have no problem whatsoever and we hope to keep it that way. Before i turn this over to our great Vice President to provide an update, i want to express my appreciation for the hard work done by the people behind me and the people back in the offices, including the fact that i just left the oval office, and we have people the
Cspan. Org coronavirus. Track the spread through the u. S. And throughout the world and hear from specialists any time unfiltered at cspan. Org coronavirus. Next, President Trump leads a briefing by the Coronavirus Task force. The president announced new actions to combat the spread of the virus. And Vice President pence and Task Force Members took questions from reporters. Pres. Trump thank you very much. We just completed a very good meeting of the Coronavirus Task force and they are really doing a great job, our professionals. They are really doing a great job, our professionals. The results are very good. When you compare this to what is happening around the world, we are very proud of our people. There has been a tremendous amount of coordination with the results are very good. When you compare this to what is happening around the world, we are very proud of our people. There has been a tremendous amount of coordination with states and cities, and things are going well. They are c