FLORIDA.
THAT HAS GREAT SIGNIFICANCE AS
YOU KNOW AND LEGAL
SIGNIFICANCE.
WE'RE IN A CONSTANT GROUPING
AND I CAN SAY THIS, WE HAVE A
LARGE GROUP OF PEOPLE THAT DOES
NOTHING BUT COMMUNICATE WITH
THE VARIOUS OFFICIALS INCLUDING
WE'VE BEEN SPENDING A LOT OF
TIME WITH NEW YORK OFFICIALS
BECAUSE THAT REALLY IS BY FAR
THE HOTTEST SPOT.
THEY'VE GOT A NUMBER OF VERY
TOUGH WEEKS AHEAD OF THEM.
THE GOVERNOR'S DOING A VERY
GOOD JOB.
I SPOKE TO THE GOVERNOR,
GOVERNOR CUOMO LAST NIGHT AND
THIS MORNING AND HE MENTIONED
THAT IN HIS REMARKS THAT HE'S
USING -- THAT WE ARE USING, I
THINK HE FEELS BECAUSE HE
UNDERSTAND NEGOTIATION, HE
THINKS WE'RE USING VERY
APPROPRIATELY THE DEFENSE
PRODUCTION ACT AND WE ARE WE'RE
USING IT WHERE NEEDED.
IT'S A GREAT POINT OF LEVERAGE,
IT'S A GREAT NEGOTIATING TOOL.
BUT I WILL TELL YOU THIS
TREMENDOUS SPIRIT FROM PEOPLE
AND TREMENDOUS SPIRIT WITH
RESPECT TO THESE COMPANIES AND
I DON'T HAVE TO USE IT VERY
MUCH AT ALL.
THEY WANT TO DO IT AS YOU KNOW.
GENERAL MOTORS IS INVOLVED.
FORD'S INVOLVED.
3M.'S INVOLVED AND THEY'RE ALL
WORKING TO PRODUCE PRODUCTS,
DIFFERENT, ALL DIFFERENT
PRODUCTS.
WE HAD VERY LITTLE PRODUCT WHEN
WE CAME.
WE BUILT IT UP AND WE GIVE IT
AWAY AS FAST AS WE CAN TO THE
DIFFERENT STATES.
WE'RE ALSO AS YOU KNOW BUILDING
NUMEROUS HOSPITALS AND MEDICAL
CENTERS THROUGHOUT CERTAIN
AREAS IN NEW YORK.
IT'S AT THE CONVENTION CENTER.
THE JAVITS CONVENTION CENTER.
WE'RE DOING FOUR HOSPITALS AND
WE'RE DOING THROUGHOUT THE
STATE FOUR MEDICAL CENTERS
THERE.
I WANT YOU TO KNOW THAT I'M
DOING EVERYTHING IN MY POWER TO
HELP THE CITY PULL THROUGH THIS
CHALLENGE.
I'M WORKING VERY HARD IN NEW
YORK.
IT'S REALLY BY FAR OUR BIGGEST
PROBLEM.
MAYBE IT WILL BE MAYBE IT WON'T
BE.
BUT THERE'S A LOT OF GOOD
CAPABLE PEOPLE WORKING ON IT
WITH US AND OUR TEAMS ARE
WORKING WELL WITH THE STATE
REPRESENTATIVES. WE'RE ALSO
DOING SOME VERY LARGE TESTING
THROUGHOUT THE UNITED STATES.
CERTIFIED METEOROLOGIST, THIS
IS NOT A KNOCK IN ANY WAY BUT I
JUST SPOKE WITH PRESIDENT MOON.
WE HAD A VERY GOOD CONVERSATION
ABOUT VARIOUS THINGS.
THEY'VE DONE A VERY GOOD JOB IN
TESTING.
BUT WE NOW ARE DOING MORE
TESTING THAN ANYBODY BY FAR.
WE DO MORE IN EIGHT DAYS THAN
THEY DO IN EIGHT WEEKS AND WE
GO UP ON A DAILY BASIS
EXPONENTIALLY.
SO THAT'S REALLY GOOD.
WHILE I'M ON IT, I ALSO SPOKE
WITH PRIME MINISTER ON THAT I
THINK IT'S GOING TO BE A
FANTASTIC OLYMPICS 2021.
I THINK IT'S GOING TO BE A
FANTASTIC OLYMPICS.
IT WAS THE ABSOLUTE RIGHT
DECISION TO DELAY IT FOR A FULL
YEAR AND NOW HAVE A FULL
BEAUTIFUL OLYMPICS.
IT'S GOING TO BE VERY IMPORTANT
BECAUSE IT'S GOING TO BE
PROBABLY THE FIRST TIME OR
MAYBE FIRST TIME EVER THAT IT
WAS ON AN ODD YEAR.
SO IT'S ON AN EVEN YEAR THEY
TELL ME.
BUT HE'S GOING TO HAVE A
FANTASTIC SUCCESS.
THEY'LL HAVE MORE TIME.
HE DIDN'T NEED ANYMORE TIME.
EVERYTHING WAS PERFECTLY READY.
BUT, JAPAN, I WANT TO
CONGRATULATE JAPAN AND PRIME
MINISTER ABI ON IT.
I TOLD HIM I'LL BE THERE.
AS WE FIGHT TO PROTECT AMERICAN
LIVES, WE'RE ALSO PROTECTING
AMERICAN LIVELIHOODS.
DEMOCRATS AND REPUBLICANS IN
THE SENATE ARE VERY CLOSE TO
PASSING AN EMERGENCY RELIEF
BILL FOR AMERICAN WORKERS,
FAMILIES AND BUSINESSES.
THIS LEGISLATION IN ADDITION TO
THE TWO BILLS I SIGNED THIS
MONTH INCLUDES AS YOU KNOW SICK
LEAVE AND WE HAVE ALL SORTS OF
THINGS IN FOR THE WORKERS, FOR
FAMILIES, BUT WE HAVE A
TREMENDOUS PAID SICK LEAVE
PROVISION FOR WORKERS AT NO
COST AT ALL TO THE EMPLOYERS
AND THAT'S A BIG THING.
NO COST TO THE EMPLOYERS.
WE WANT TO GET EVERYBODY BACK
WORKING.
TOGETHER, THIS 2.2 $2.2
TRILLION LEGISLATIVE PACKAGE IS
BIGGER THAN ANYTHING I BELIEVE
EVER PASSED IN CONGRESS.
PERHAPS RELATIVELY SPEAKING IF
YOU GO BACK AND LOOK DURING THE
FDR NEW DEAL DAYS, THERE WAS
SOMETHING THAT IF YOU TIME
VALUE IT, YOU COULD SAY IT WAS
BIGGER I DON'T KNOW.
BUT THIS IS CERTAINLY IN TERMS
OF DOLLARS BY FAR THE BIGGEST
EVER DONE AND THAT'S A
TREMENDOUS THING BECAUSE A LOT
OF THIS MONEY GOES TO JOBS,
JOBS, JOBS, AND FAMILIES.
FAMILIES.
THE SENATE BILL AS YOU KNOW
INCLUDES $350 BILLION IN JOB
RETENTION LOANS FOR SMALL
BUSINESSES WITH LOAN
FORGIVENESS AVAILABLE FOR
BUSINESSES THAT CONTINUE PAYING
THEIR WORKERS.
THEY CONTINUE PAYING THEIR
WORKERS.
THAT'S WHAT WE WANT.
WE WANT THEM TO KEEP THEIR
WORKERS AND PAY THEIR WORKERS.
THIS WILL HELP KEEP BUSINESSES
IN THE PAYROLL.
$300 BILLION IN DIRECT CASH
PAYMENTS WILL BE AVAILABLE FOR
EVERY AMERICAN CITIZEN EARNING
LESS THAN $99,000 A YEAR.
THAT WOULD BE $3,400 VERY
QUICKLY FOR THE TYPICAL FAMILY
OF FOUR.
NOTHING LIKE THAT'S EVER BEEN
DONE LIKE THAT IN OUR COUNTRY.
UP TO $250 BILLION IN EXPANDED
UNEMPLOYMENT BENEFITS, THE
AVERAGE WORKER WILL RECEIVE
100% OF THEIR SALARY FOR UP TO
FOUR FULL MONTHS.
UNLIKE NORMAL UNEMPLOYMENT
BENEFITS, THE SELF-EMPLOYED
WILL BE ELIGIBLE.
SO YOU HAVE INDEPENDENT
CONTRACTORS, AND SELF-EMPLOYED
PEOPLE WILL BE ELIGIBLE FOR
THIS.
OVER $100 BILLION TO SUPPORT
THE HEROIC WORK OF OUR DOCTORS,
NURSES, AND HOSPITALS.
THEY'VE BEEN INCREDIBLE.
$45 BILLION FOR DISASTER RELIEF
FUND.
SO WE'RE SETTING UP A FUND OF
$45 BILLION FOR DISASTER
RELIEF.
THAT'S MORE THAN DOUBLING THE
AMOUNT AVAILABLE TO SUPPORT MY
NATIONAL EMERGENCY AND DISASTER
DECLARATIONS.
IT'S A DOUBLING UP.
27 $27 BILLION TO BUILD UP THE
STRATEGIC NATIONAL STOCK PILE
WITH CRITICAL SUPPLIES
INCLUDING MASKS, RESPIRATORS,
PHARMACEUTICALS AND EVERYTHING
YOU CAN IMAGINE.
IT WAS VERY DEPLETED.
NOW WE HAVE A BRAND NEW
MILITARY.
WE'VE NEVER HAD A MILITARY LIKE
THIS.
CORPORATE EITHER COMING OR IT'S
ALREADY COME.
BUT WE HAVE A LOT OF THINGS
THAT WILL SOON BE COMING,
PLANES, MISSILES, ROCKETS.
LOTS OF THINGS.
BUT THE STOCK PILE WAS VERY
DEPLETED LIKE EVERYTHING ELSE.
THIS WILL ALSO INCLUDE
SIGNIFICANT FUNDING FOR THE
DEVELOPMENT OF VACCINES ON TOP
OF THE $8 BILLION WE APPROVED
SEVERAL WEEKS AGO.
OVER $500 BILLION IN SUPPORT
FOR THE HARDEST HIT INDUSTRIES
WITH A BAN ON CORPORATE STOCK
BUY BACKS WHICH IS SOMETHING I
INSISTED ON AND FRANKLY I'LL
TELL YOU THE REPUBLICANS WANTED
THAT AND THE DEMOCRATS WANTED
THAT.
WE WANT THEM TO USE THE MONEY
FOR THE COMPANIES AND THE
PLANES OR WHATEVER THEY MAY BE
HELPING TO GET OVER THIS ROUGH
PATCH AND I DON'T THINK IT'S
GOING TO END UP BEING SUCH A
ROUGH PATCH.
WHEN WE OPEN, ESPECIALLY WE CAN
OPEN IT THE SOONER THE BETTER.
IT'S GOING TO OPEN UP LIKE A
ROCKET SHIP.
I THINK IT'S GOING TO GO VERY
GOOD AND VERY QUICKLY AND
YOU'RE GOING TO HAVE TOUGH NEW
LIMITS ON EXECUTIVE
COMPENSATION ALSO.
THEY NEED THE MONEY.
THEY'RE GOING TO HAVE TO SORT
OF MAKE THINGS WORK BECAUSE
WE'RE INTERESTED IN THE
WORKERS, THE JOBS.
AND WE'RE INTERESTED IN THE
COMPANIES BECAUSE THAT'S REALLY
WHAT FUELS THE WORKERS IN THOSE
GREAT JOBS.
AND WE ALSO HAVE $16 BILLION IN
FUNDING FOR THE PURCHASE OF
PERSONAL PROTECTIVE EQUIPMENT.
YOU KNOW ABOUT THAT SUCH AS
MASKS AND RESPIRATORS THROUGH
THE STRATEGIC NATIONAL STOCK
PILE.
I ENCOURAGE THE HOUSE TO PASS
THIS LEGISLATION AND SEND THE
BILL TO MY DESK FOR SIGNATURE
WITHOUT DELAY I WILL SIGN IT
IMMEDIATELY.
WE WILL HAVE A SIGNING AND IT
WILL BE A GREAT SIGNING AND A
GREAT DAY FOR THE AMERICAN
WORKER AND THE AMERICAN
FAMILIES.
AND FRANKLY FOR AMERICAN
COMPANIES.
SOME OF WHICH WERE HAVING THE
BEST YEARS THEY'VE EVER HAD.
THESE LAST FEW YEARS AND A
LITTLE BIT LESS THAN A MONTH
AGO, THEY WENT INTO A POSITION
THAT THEY HAVEN'T SEEN BECAUSE
OF THE HIDDEN ENEMY, THE VIRUS.
EARLIER TODAY, I SPOKE TO THE
LEADERS OF MANY OF AMERICANS
AMAZING NONPROFIT
ORGANIZATIONS.
I THANK THEM FOR THEIR
UNWAIVING AND UNWAIVERING
DEVOTION TO AMERICAN PEOPLE TO
AMERICAN FAMILIES, SO OUR
NATION AND THEY HAVE BEEN
FANTASTIC.
THEY'VE BEEN COLLECTING
SUPPLIES, DISTRIBUTING FOOD,
SUPPORTING HEALTH CARE WORKERS.
CARING FOR VULNERABLE WORKERS
AND FAMILIES I ENCOURAGE THEM
TO CONTINUE TO DO IT.
BUT I'LL TELL YOU THE
NONPROFITS HAVE BEEN FANTASTIC.
THEY HAVE BEEN GREAT.
THEY'RE GREAT PEOPLE ACTUALLY.
I KNOW A LOT OF THEM.
FINALLY I WANT TO PROVIDE A
BRIEF UPDATE ON THE CRITICAL
SUPPLIES.
THROUGH FEMA, THE FEDERAL
GOVERNMENT HAS DELIVERED OR IS
IN THE PROCESS OF SHIPPING 9.4
MILLION N95 MASKS AND.
20 MILLION SURGICAL MASKS AND
WE HAVE OTHERS THAT WE THINK
ARE GOING TO BE DELIVERED
PRETTY QUICKLY.
THE WHOLE WORLD.
IT'S NOT JUST US.
THE WHOLE WORLD IS TRYING TO
GET THESE THINGS.
SO IN COMPETITION WITH MANY
COUNTRIES.
I BELIEVE TODAY YOU BROKE THE
150 MARK FOR THE VIRUS.
WE HAVE 150 COUNTRIES OVER 150
COUNTRIES WHERE YOU HAVE THIS
VIRUS AND NOBODY WOULD EVER
BELIEVE A THING LIKE THAT'S
POSSIBLE.
NOBODY COULD HAVE EVER SEEN
SOMETHING LIKE THIS COMING BUT
NOW WE KNOW AND WE KNOW WHAT
CAN HAPPEN AND HAPPEN AGAIN AND
IF IT DOES, SOMEBODY'S GOING TO
BE VERY WELL PREPARED BECAUSE
OF WHAT WE'VE LEARNED AND HOW
WE'VE DONE.
IT'S BEEN INCREDIBLE.
REMEMBER, THERE'S MORE TESTS
THAN ANYBODY BY FAR.
AND THE NEWS, THE REPORTERS,
THE MEDIA ALWAYS LIKES TO BRING
CERTIFIED METEOROLOGIST.
THEY COME IN AND TOLD ME IT'S
AMAZING YOUR TESTING PROCEDURES
ARE AMAZING.
PLUS WE HAVE A VERY HIGH LEVEL
TEST AND IT'S A TEST THAT'S
VERY ACCURATE.
14.6 MILLION GLOVES AND ALMOST
6,000 VENTILATORS.
WE SENT OVER THE LAST DAY 4,000
VENTILATORS TO NEW YORK AND I
SPOKE WITH THE GOVERNOR ABOUT
THAT.
HE WAS HAPPY.
I SPOKE WITH THE MAYOR ALSO
ABOUT THAT MAYOR DE BLASIO.
HE WAS VERY HAPPY.
IT'S HARD NOT TO BE HAPPY WITH
THE JOB WE'RE DOING THAT I CAN
TELL YOU.
THROUGHOUT THIS NATIONAL
EMERGENCY, EVERYDAY HEROES
CONTINUE TO STEP FORWARD AND
DEMONSTRATE THE EXTRAORDINARY
CHARACTER OF OUR NATION,
INCLUDING THE PEOPLE BEHIND ME.
BY THE WAY, THESE PEOPLE ARE
AMAZING.
THEY ARE AMAZING PEOPLE AND
THEY'VE BECOME I DON'T KNOW
MAYBE I SHOULD JUST SPEAK FOR
MYSELF BUT TO ME THEY'VE BECOME
FRIENDS.
MAYBE THEY DON'T LIKE ME.
MAYBE THEY DO.
I DON'T KNOW.
ALL I CAN TELL YOU IS THAT
THEY'RE TALENTED PEOPLE THAT
WORK VERY HARD.
IN MARYLAND A 7-YEAR-OLD USED
HIS OWN MONEY TO BY MEALS FOR
SENIOR CITIZENS.
IN NEVADA, A COLLEGE STUDENT
RECRUITED 90 OF HER FRIENDS TO
DELIVER SUPPLIES TO THE MOST
VULNERABLE.
THOUSANDS OF THOUSANDS OF
INSTANCES.
THIS IS HAPPENING ALL OVER THE
COUNTRY.
IN MINNESOTA, HUNDREDS OF
MEDICAL STUDENTS HAVE
VOLUNTEERED TO PROVIDE CHILD
CARE FOR HOSPITAL WORKERS
HELPING TO KEEP OUR DOCTORS AND
NURSES ON THE FRONT LINES.
FIGHTING TO SAVE LIVING.
THESE INSPIRING AMERICANS
REFIND US WE ALL HAVE A GREAT
ROLE TO PLAY IN THIS NATIONAL
BATTLE AND IT'S REALLY A
WORLDWIDE BATTLE.
WE'RE DEALING WITH NATIONS ALL
THE TIME.
I AM A LITTLE BIT.
I TAKE CALLS FROM A LOT OF
PEOPLE.
A LOT OF COUNTRIES ARE IN BIG
TROUBLE.
SO NOW WE WILL HEAR FROM OUR
GREAT SECRETARY OF THE
TREASURY.
HE'S BEEN WORKING RATHER HARD I
WILL TELL YOU.
STEVE MNUCHIN IS A FANTASTIC
GUY AND HE LOVES OUR COUNTRY.
HE'S BEEN DEALING WITH BOTH
SIDES.
HE'S SORT OF LIVED IN THAT
BEAUTIFUL BUILDINGS.
HE'S GOTTEN TO KNOW IT, STEVE,
VERY WELL.
SO IF WE COULD HAVE A LITTLE
UPDATE, STEVE, THAT WOULD BE
FANTASTIC AS TO HOW WE'RE DOING
AND WHAT IT'S LOOKING LIKE.
THANK YOU.
THANK YOU, VERY MUCH, MR.
PRESIDENT.
AND, FIRST, LET ME SAY I WOULD
LIKE TO THANK MITCH McCONNELL
FOR HIS LEADERSHIP AND I WOULD
ALSO LIKE TO THANK CHUCK
SCHUMER AND THE MANY SENATORS
BOTH REPUBLICANS AND DEMOCRATS
THAT WORKED TIRELESSLY OVER THE
LAST FIVE DAYS ON ALL THE TASK
FORCE.
AS THE PRESIDENT SAID I GOT TO
LIVE IN THE LBJ ROOM FOR THE
LAST FIVE DAYS AND WE COULDN'T
BE MORE PLEASED WITH THE
UNPRECEDENTED RESPONSE FROM THE
SENATE TO PROTECT AMERICAN
WORKERS AND AMERICAN BUSINESS
IN THIS SITUATION.
THE PRESIDENT HAS OUTLINED MANY
OF THESE, BUT LET ME JUST
QUICKLY GO THROUGH THEM.
AGAIN, SMALL BUSINESS RETENTION
LOANS.
THIS WILL COVER ROUGHLY 50% OF
THE PRIVATE PAYROLL IN SMALL
BUSINESSES WHERE WE WILL
IMMEDIATELY MAKE LOANS THAT
WILL SUPPLY EIGHT WEEKS OF
SALARIES AS LONG AS THEY KEEP
WORKERS EMPLOYED AND OVERHEAD.
AND THOSE LOANS WILL BE
FORGIVEN AT THE END OF THE
PERIOD AS LONG AS THEY KEEP
WORKERS EMPLOYED.
THESE ARE RSP LOANS BUT THE
TREASURY WILL BE AUTHORIZING
ALMOST EVERY SINGLE FDIC
INSURED BANK TO MAKE THESE.
I EXPECT BY THE END OF NEXT
WEEK WE WILL HAVE A VERY SIMPLE
PROCESS WHERE THESE CAN BE MADE
AND DISBURSED IN THE SAME DAY.
SO THIS WILL BE A VERY SIMPLE
SYSTEM TO GET MONEY INTO SMALL
BUSINESS HANDS.
FOR COMPANIES THAT DON'T
QUALIFY THAT, WE HAVE AN
ECONOMIC PROGRAM OF TAX
INCENTIVES TO RETAIN WORKERS
AND AS THE PRESIDENT SAID, WE
HAVE ENHANCED UNEMPLOYMENT
INSURANCE FOR PEOPLE WHO DON'T
FIT INTO THESE TWO PROGRAMS
THAT WILL BE ADMINISTERED
THROUGH THE STATES.
WE ALSO HAVE ECONOMIC IMPACT
PAYMENTS.
THESE WILL BE WITHIN THE NEXT
THREE WEEKS DIRECT PAYMENTS
INTO MOST PEOPLE'S DEPOSIT
ACCOUNTS AND FOR THOSE THAT
DON'T HAVE IT, WE WILL BE
HAVING THE CHECKS IN THE MAIL.
TREASURY WILL HAVE ADDITIONAL
AUTHORITIES.
WE HAVE $500 BILLION THAT WE
CAN USE TO WORK WITH THE
FEDERAL RESERVE FOR EMERGENCY
PROGRAMS THAT WILL CREATE UP TO
AN ADDITIONAL $4 TRILLION IF
NEEDED TO SUPPORT AMERICAN
BUSINESS AND AMERICAN WORKERS
IN AN UNPRECEDENTED WAY.
AND, THEN, FINALLY, THE
PRESIDENT MENTIONED 100 BILLION
$100 BILLION TO HOSPITALS AND
150 BILLION $150 BILLION TO
STATES THAT HAVE SPECIFIC
CORONAVIRUS EXPENSES AS WELL AS
MANY ADDITIONAL THINGS.
MR. PRESIDENT, I ESPECIALLY
WANT TO THANK YOU AND THE VICE
PRESIDENT.
WE SPOKE CONSTANTLY THROUGHOUT
THE DAY.
YOU GAVE US GUIDANCE.
AND THERE YOU HEAR THE
TREASURY SECRETARY GIVING SOME
IMPORTANT DETAILS ABOUT WHAT IS
IN THIS LARGE STIMULUS PACKAGE.
OUR COVERAGE WILL CONTINUE ON
OUR CBSN.
THERE WILL BE MORE ON YOUR
LOCAL NEWS ON THIS CBS STATION
AND FOR MANY OF YOU THE CBS
EVENING NEWS IS COMING UP
SHORTLY.
THIS HAS BEEN A CBS NEWS
SPECIAL REPORT I'M NORA
O'DONNELL.