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Of people across our urban communities not only for being with us today for the way they have partnered with our ministration and partnered with state and local officials to put the health of all of their constituencies 1st as the president mentioned will you receive a report that our task force received to formally this week from bill bryan of the science and Technology Directorate at the department of Homeland Security he will outline as the president said encouraging news about the impact that heat and sunlight have on the corona virus which will increase the confidence that we feel about the coming summer on the subject of testing at the present moment we have reports d of 4930000 tests having been performed across america and encouraging news as d states have been engaging commercial labs at a higher level across the country yesterday our commercial lab system ....
Is and they want to know how what they have known to start tomorrow with al gore got him who they have experts and frankly long after we came out and talked about it look how would i have known to cut off china i cut off china very early and if i didnt we would have a chart that you wouldnt believe so how would i know to do that how would i know to cut off europe i could of europe very early i mean you have to make a decision people knew that some bad things were going on and they get off to a late start and. Some others got off to a late start also but we cut off china if we didnt cut off china we would have been in some big trouble and we cut it off because you know what we cut it off way early good it just wasnt all up on the Insurance Point in the in a separate question became a. From a colleague who cant be in the room to be on the Insurance Point is there going to the ....
High where we were about a month ago but the Dow Jones Industrial average having it best weekly gain on a percentage basis going back to 1938. That is get back into our conversation. Tte is still with us. Chief investment strategist. Scarlet fu is with us and Joe Weisenthal as well. Joe, you want to pick this up . Joe i am struck by a rough selloff once again going into the closing, going into an uncertain weekend. We can be certain we will see a lot of headlines of rising case counts in more cities across the u. S. And europe. They are not slowing down the way we would like to see yet. The other headline is this has been the best week for the dow since 1938. I dont remember the last time, if ever, we have had so many superlatives in a week going back to the 1930s. Brent, back to you. Let us get more into the headline vacuum we will get into. We will not get instant pol ....
Start with fox Business Team coverage of all of her top stories, Ashley Webster in new york, Hillary Vaughn on capitol hill where they debated the bill today and hillary we start with you, they passed it but not without drama. Reporter lawmakers had to make a mad to d. C. Overnight to make sure they had enough members so if anyone on the house for today try to challenge and call for a roll call vote or quorum that is an essentially an attendance tally to make sure the attendance did not fail. Most lawmakers were social distancing yesterday at home in their own districts, a lot of them took pictures and posted them on twitter on their travels on empty planes on the way here and some decided to drive out of safety from several states away. One congressman in South Carolina ....
Thinking our speaker nancy of the the leadership senate, particularly Chuck Schumer for the stimulus bill. That was just announced. We are hopeful that it will not only passed but hopeful it will fulfill the promises that are being made in terms of its impact. Thene is naive about magnitude of this crisis and i am not suggesting the magnitude of this stimulus will even meet the moment. I certainly have strong points of view there will need to be more in the future. Let me just acknowledge would work and progress. That is manifest in the state of california by our back of the envelope estimate as we process more of the details of the stimulus bill. We will be the beneficiary of over 10 billion just in the grand portion of the package. Some 5. 5 billion dollars alone will go to the state itself. The rest will go to the cities and counties. That does not include all the other specific, very direct support that is also part of the stim ....