Economic relief plan, the largest in the nations esstory. For industworkers and hospitals devastated by a virus that has affected every state. On wednesday the Senate Unanimously passed the bill at the democrats won concessions pl like increasing unment benefits for workers. Also this week President Trump said he would like to see the economy reopen by easter. But california gov. Gavin newsom things that is too soon for the state. School districts in the bay area announced that they would stay closed at least until y 1. Joining me now, from washington, dc, his california congressman, adam schiff. Thank you so much for being with here today. So this stimulus bill is intend provide relief to all levels of society. Can yospeak specifically to how it will help californians . It will he them a great deal, first of all, all californians and people around the country will get checks almost immediately. Those are the Cash Payments of 1200 for adults, 600 for children but it also help nontradit
We want to make sure testing is available for people experiencing symptoms or have a genuine concern about having been exposed to someone with the coronavirus. Dr. Berks will address county level data and americans can expect to see how an increase number of cases as our new testing system comes online should not be a cause of concern. President trump answering questions at the white house to members of the media. Just a few bold points. The senate still working on a Major Economic relief package and testing is available in all 50 states, the president saying that the majority of these questions, 9400 cases were talking about are in flee states. New york, washington and california. Most of the test out there are being sent to the state. 10 counties specifically. They said as we see more tests delivered, we should expect to see a rise in numbers. Its interesting the president did not have a comment when he was asked about the 1 trillion dollar stimulus plan. A lot of people want to know
Courscourse jim cramer right now the stock market and the bond market are like two heavy weight champions duking it out. And todays stocks had a very good round dow surging 1,173 points, the s p 500 skyrocketing, the nasdaq soaring 3. 85 . Hallelujah. Who are these two boxers . In one corner you had a stock market that had gotten viciously oversold thanks to the coronavirus outbreak and wall streets existential fear of a Bernie Sanders presidency. In the other corner, well, youve got the bond market specifically u. S. Treasuries every time they go up in price, we go down in yield. Lately their yields have been plummeting sending chill through the spine of all investors who follow both markets. Now this is a vicious and i will tell you somewhat scary for us, but bond yields so frightening low theyve been decking the much smaller stock market, as surely as muhammad ali sent so many challengers to the canvas the bond markets still screaming that were not out of the woods, that were being
The latest on the story is going to our t. V. Dot com stay with us now though for the big picture this is our. This week show you have had to happen there is now a coronavirus scam going around and thats happening while the wise guys have come up with a new way to steal your income tax a return stay tuned for a scam alert but 1st what if the embattled president trump. The dog is pentagon brass prepared to say no sir and why is the u. S. A suicide rate especially among young people im holland cook in washington this is the big picture on r. T. America. What in the world is going on at home and abroad the questions outnumber the answers is the usa prepared for what happens next lets ask our tea contributor and longtime pentagon oficial Michael Maloof welcome thank you following is acquittal the president wasted no time in the 1st victim of his revenge call was a decorated colonel Alexander Vin men who was frog walked out of his National Security post in the white house after his damning
Decision tomorrow. Ok cutting rates during the sars outbreak. Stimuluspecting fiscal measures out of south korea, not to mention a hong kong budget so lets get a check of the markets with our cross assets reporter. Downading at session lows, 1. 9 . The nikkei two to five bringing yeartodate losses to more than 6 . Beensi 300 stocks have paring some of the losses, but still down. Hong kong done more than 1 . Fluctuation in 0. 25 . Ow up 0. 5 i want to look closer at the technicals when it comes to the nikkei 225. When you are in a deep selloff, when does it end . Can bees moving averages looked at as Technical Levels of support. It already dropped to the 50day and 100day moving averages. Moving average currently holding, bouncing off that level. We will see if we can close above it. If not, it could portend a super selloff. Lets get more Market Reaction in korea. David ingles is in hong kong. What stands out to you . On top of the price declines in the south korean won , for example, we