Unusual session but critical. Mr. Speaker, this legislation represents a bipartisan and resolve to meet the coronavirus challenge head on. It represents a focusnt on families and workers with the objective to make them safer and economically supported. That will protect workers as we all doo our part to flatten the curve. Public Health Officials have made it clear the only chance we have c to prevent our system to be overwhelmed with the pandemic it is threatened to be for his as Many Americans to stay home as possible. It is however necessary for us to be here, to pass legislatio legislation, to respond on behalf of the American People through this daunting challenge. The closure the large parts of the economy must be temporarily shutec down cause severe disruption for businesses and workers we saw the impact of this yesterday when new Unemployment Insurance claims increased by more than 3 Million People 3 million individuals. Those that rely on them for support of their families and
Would like to introduce senator harris. Longstanding leadership in this relief. And other issues that affect their families. Heres the bottom line. Basically will save lives. Basically, will keep communities safer. It is just that basic. It is always been an issue of orders. It is always been an issue of the right Public Policy approach to supporting workers in understanding the never human being and one time or another will get sick and why should they have to suffer knowing athena will be able to send home and tend to their illness or put food on the table and feed the babies pay the rent. With the coronavirus, it is become even more stark as an issue. There are people in america, have paid sick leave and when presented with the issue of whether they will stay at home, or feed the babies or keep a roof over their heads, it is logical to believe that will go to work so that they can keep taking care of their family. Limits of this Public Health crisis, understand that one of the most
Out of his still in the but love that we may keep one another healthy and safe. It will therefore be unusual but mr. Speaker this legislation represents a bipartisan resolve to me the coronavirus challenge. It represents a focus on families and workers to the objective to make them safer and economically supported. It will protect workers and their families and our economy as we all do our part to flatten the curve. Public Health Officials made it clear that the only chance we have to prevent them from getting overwhelmed is for as Many Americans to stay home as possible. It is however necessary to be here, to pass legislation, respond on behalf of thees American People to the daunting challenge. Closure means large parts of the economy are temporarily shut down causing severe disruption for businesses and workers. We saw the impact of this yesterday with the new Unemployment Insurance claims increased by more than 3 Million People. 3million individuals. 3million families rely on them
Scene Central Banks finally starting to get it. We have some actual details as to what the fiscal responses . We do not. Sebastian businesses size up their bottom line with continued headwinds. We see the business down 85 . If i talked to our colleagues in china, they say it is Getting Better everyday. Can want to do our best to fight this crisis and achieve our targets. Sebastian investors, economists, and policymakers offer guidance in a time of financial turbulence. I think the odds are 80 we will have a recession. The Oil Price Decline is very good for india, good for china. Survive with liquidity, three months, six months, nine months, people will go bankrupt. Sebastian that is all straight ahead on bloomberg best. Hello and welcome. Im Sebastian Salek and this is your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. Last friday and talks between saudi arabia and rus
Thank you all for joining us today last night the house release details of an aid package not only help the American People cope with the economic fallout but also help the advice of professionals it is a good bill the prince families and communities and workers first the package includes two pivotal policy ideas to help families meet this challenge of paid family leave and paid sick days. Now the senate must do its job to pay sick leave must be included in a package forwarded by the senate we have to pass these policies now because people are facing impossible chant on choices right now in new york state many Public Schools and universities have already suspended classes or canceled inperson classes for the rest of the school year. If you are a single mother was school age kids, how do you choose between putting food on the table are making sure your kids are safe at home . Many americans live with aging parents and we know the elderly are most at risk what do you do if they get sick