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And slowdown of economies around the world. The Federal Reserve is acting as banker to the world. Launching a Lending Facility for foreign central banks, small and Large Businesses across the country are shutting down. And a Record Number of americans who just a few months ago were enjoying historic levels of pros merty prosperities and savings are now files for Unemployment Benefits for first time ever, 6 moy 6. 6 milliont week. With chinas economy, showing tentative signs of recovery, it appears that the chinese ambition and aggression are to rise, the chinese have ramped up military exercises in the contested south china sea. They continue their concerted effort to reshape the pandemic origin in < ....
Been working through femas acquisition process not only to deploy but to gather up personal protective equipment. In a few moments you will hear from admiral john polcyk on the extraordinary progress we made on the strategic stockpile but identifying on the commercial marketplace around america and around the world literally millions of n95 masks, surgical gowns, gloves, protective equipment and at this point we distributed some 7600 ventilators and you will hear today specifically about the state has have received those ventilators. Were just, this team is truly acted in an inspiring way and literally is working with dozens and dozens of people at the fema Stabilization Task force to make sure that we are leaving no stone unturned to find the supplies we need. Today let me also say you will hear from Jared Kushner, Senio ....
We are answering your questions about the crisis from Small Business owners to individual investors, tweet me at cb payne, all that and more on making money. Charles stocks are down as effort to combat coronavirus taking a serious toll on our economy. I mean, losing 701,000 jobs in march, thats the worst monthly lost since 2007. The market held up better in recent weeks, but few folks believe that the worse is over. Get this, there have been 20 s p bear market rallies of 15 or more. How do we know if a bottom has been reached if any of the moves are higher temporarily and do we go back down. I will bring rob luna alicia levin. Alicia, let me start with you. This week i will figure out what the market did monday through friday for the last 3 weeks, i would argue they are probably up but the friday sessions have been reminders of just how dangerous this territory is and how much of the unknown is out there. How are you assessing it ....
The month as the Coronavirus Crisis takes its toll on the economy. So no wonder thousands of Small Business owners began lining up before dawn to tap the governments rescue coffers. With 349 billion dollars in loans ready for the taking were about to get the realtime numbers from the fed. But why are some banks both huge and small waiting to grant the loans . Right now still . The ceo of a Community Bank, serving hundreds of desperate Small Businesses is here. Why the ceo is teaming up with regional competitors to launch the loans on monday. Its a fox business exclusive. Meanwhile, one financial tech loan Company Thinks the covid19 catastrophe could accelerate the death of paper money. The co founder and th ....