Guest it was an historic set of announcements today. And its not something, its some thing, steve. They have gone into protects to provide financing in places they never did before. Theyre going to set up this main Street Lending facility. 600 billion worth of loans theyre going to give to not really Small Business but medium sized businesses. Its businesses up to 10,000 workers. Up to 2. 5 billion in revenue. But you can imagine from 500 to 1,000 would be the bottom of that. So not necessarily your main street business but medium sized businesses that provide loans to. Theyll go and theyll buy junk bonds. That is bonds below investment grade. Theyve never done that. Theyll also have a facility to provide credit to states and local municipalities. So of the bigger states, the bigger counties that have their Municipal Bonds for financing, the Federal Reserve will buy some of those. These are places the fed never did before. Total package at least today is 2. 3 trillion. And fed chair jay powell said they may do more, steve. Host and it comes with another 6. 6 million americans filing for unemployment claims. Of those new numbers, the highest in california, new york, new jersey, michigan, and florida, and i saw the number on nbc earlier tonight, 16. 8 million americans now out of work over the plast three weeks. That is an astounding number. Guest its an astounding number. Steve, let me provide you two different ways to look at it. The first and most important way is each one of these numbers is a tragedy. And its really terrible. Pe lets go live to the white house for the coronavirus daily briefing. Pres. Trump thank you very much,
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