All of this out. Stocks are in and out of touching 7 fall i dont have that would trigger another Circuit Breaker. At the worst we were down 6. 7 . Now down about 5 1 2 . That translates into a dow barely above 20,000. The same drama, surreal one continues to play out across the country. I want to show you what is happening this is new yorks times square, this has been pretty much the youre not seeing many people drawn to the crossroad of america, among some of the busiest thorough fares on the planet. Youre seeing similar situations play out in seattle, washington. Youre also seeing it play out in the likes of hoboken new jersey where the mayor there has, is saying that people should go ahead and obviously selfquarantine themselves, if you will, or selfisolate. New york Governor Cuomo by the way has distanced himself from new york city mayor de blasio who is advocated an across the board crackdown, a lockdown here, that would call for pretty much everyone, at least in manhattan, at lea
More than 8000 people globally and now confirmed to have died after catching car at the coronavirus number of reported cases has passed 200000 but theres growing concern over testing levels in some countries malaysia is racing to track down potential coronavirus carries after its confirmed cases jumped to 790. 00 nearly 2 thirds of those a link to a religious gathering late last month that spread the virus to at least 6 other countries a European Union ban on travel us from outside the block for 30 days has now come into force as desk continues to soar in italy and spain and although many governments and else massive stimulus packages asian european and u. S. Markets are fall and again well france is now on the 2nd day of a nationwide lockdown but already a video has. Contriver see online it said to show paris police arresting a woman found breaking the law down rules all 67000000 residents are only allowed to leave their homes to buy groceries go to work or go to the pharmacy spain is
So nbc news now has obtained a onepager, in effect, laying out the stage 3 proposal key terms. Thats the mnuchin proposal for about 1 trillion in stimulus and economic backstopping. Heres whats in it, as were going through it in realtime the Airline Industry gets a secured Lending Facility of 50 billi billion. Theyre saying it would be secured by lateral thats specified by the Treasury Department here. Other severely distressed sectors of the u. S. Economy, thats 150 billion. This document not specifying what other sectors might be included here, but theyre saying that it would authorize use of those funds for secured lending on loan guarantees to assist other critical sectors of the u. S. Economy, experiencing distress here. Also, theyre going to temporarily permit use of the Exchange Stabilization fund to guarantee Money Market Mutual Funds. What treasury is saying here is they will temporarily suspend the statutory limitation on the use of Exchange Stabilization fund for guaranteed
Elderly people and to people with compromised immune systems but the line all went inside anyways people of all ages take a look at the video from earlier this morning at 7 oclock as i said theres about a dozen people up there and people of all ages and all in a new ways i talked to an employee here at target who told me they cant necessarily stop everyone from coming in its apparently more of a recommendation but this is the first ones say theyre doing it so hopefully it will catch on and people respect that take a look your screen we do have a list of the other stores included in this Initiative People really stepping up to make sure that the most vulnerable can get in and get out. Also doing it his whole foods they will leave a whole hour before opening that first hour to these people safe while also do that setting its side time from 7 until 00 09am in the morning on tuesdays and thursdays target as i said every wednesday will be for the first hour after opening as well as Dollar G
The White House Coronavirus Task Force Meeting with President Trump and Vice President pence. This is this is about one hour. President trump i would like to announce some progress on the chinese virus. War powers inthe case we needed. It can do a lot of good things have iteded and we will completed, signing it in a little while after im finished with this conference. Its prepared to go. We will be invoking the defense production act. Last week i signed an Emergency Declaration under the stafford act. We have been working with fema. They are incredible. Its always been on hurricanes or tornadoes but right now in tennessee, there is a large group working in tennessee and they have been incredible. That was a tragic event. Alabama last year and also a tornado and obviously the numerous hurricanes in different were verythat devastating in some cases in every case, fema came through. This is a different kind of work for fema but they will come through. As they always do. We have tremendous