[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2020] House Minority leader Kevin Mccarthy talk to reporters on capitol hill about the federal response to the coronavirus. He also announced a republican led task force to investigate chinas role in the spread of covid19. Rep. Mccarthy thank you all for joining. Today on this national day of prayer, as millions across this country paris, i ask that we lift up those who have lost their lives. We lift up their families, that we pray for this nation, pray for those in the medical community who were going every day from the truck driver to the former to the cashier to the farmer, to the cashier. We lift you up. On monday i put forth a plan to reopen congress. It is the only plan that has been put forth. This is not about opening up the campus. It is about restoring the voice of every american, needs the
Something we have been spotlights for weeks now. Market this is morning look like this, future indicating a move at the start of of trading this morning, nasdaq and s p 500 closed losses, 4 00 oclock on wall street. Controversy over the Michael Flynn deepening, name of obama officials who requested unmasking of former National Security adviser declassified. Meanwhile President Trump crimes committed by then president obama are obvious. Plus elon musk driving down his own road defying stay at home orders and if anybody is arrested should be him. Thursday, my sitdown with President Trump, join us with the very latest on getting america back to work, additional stimulus, 2020 race and general flynn, obamagate, dont miss thursday morning 6 00 to 9 00 a. M. Eastern. Mornings with maria is life. Global markets this morning look like this. In europe mixed story, cac quarant down 14 and dax index in germany sup a fraction, spain is ordering a twoweek quarantine for Incoming International trave
And Michael Mccaul from texas if theyre singing from the same hymn sheets. As we are increasing coronavirus cases where are we on possible vaccines . I have answers for you and so much more on making money. Charles all right, so the market is up. Were off the highs of the session, off the lows of the session. There is optimism, however, possibly russia, saudi arabia and Oil Production cuts. It started earlier this morning when President Trump tweeting, just spoke to my friend mbs, of saudi arabia and who spoke to russian president Vladmir Putin and i expect we hope they will be cutting back approximately 10 million barrels, maybe substantially more if we get it will be great for the oil and gas industry. Congress works on phase four of the coronavirus funding package very shortly. Initial jobless claims spiking to 6. 6 million added your again to that. I want to bring in clear stead managing director, jim awad, on the phone, Francis Newton stacy. Jim awad, let me start with you first.
And that now goes to President Trump for his signature. To all of the healthcare care workers working to bring solace and administer to the needs of people who need their help, to the families who have lost a loved one. We want to send a message to them that our hearts are full of love, americas hearts are full of love with them and we are all a family. Like many families, we have our differences, but we also know what is important to us. Americas families are important for us, so we are so pleased today to be able to have passed on the floor practically unanimously, thes this important bill, cares, and we want to demonstrate that we do care for the american people. We are honored to have the distinguished republican leader of the house with us today, i was honored to work with him in a bipartisan way as we went along. Again, having our disagreements but also, knowing our purpose. With that, i want to yield to distinguished democratic leader youxcuse me, he is calling the majority lead
350 billion in direct Cash Payments will be available for every american citizen earning less than 99,000 per year. That would be 3400 very quickly for the typical family of four. Nothing like thats ever been done in our country. Up to 250 billion in expanded unemployment benefits. The average worker who has lost his or her job will receive 100 of their salary up to four full months. Unlike normal unemployment benefits, independent contractors and the selfemployed will be eligible. So you have independent contractors and selfemployed people will be eligible for this. Over 100 billion to support the heroic work of our doctors, nurses and hospitals. They have been incredible. 45 billion for a Disaster Relief fund. Were setting up a fund of 45 billion for Disaster Relief. That is more than doubling the amount available to support my National Emergency and disaster declarations. It is a doubling up. 27 billion to build up the Strategic National stockpile with critical supplies including ma