THE
THE $2
THE $2 TRILLION STIMULUS PLAN. IT IS A WIDE-RANGING MEASURE
INTENDED TO LIMIT THE EFFECTS
OF THE CORONAVIRUS
FINANCIALLY.
FINANCIALLY. AS LOCAL AND STATE
GOVERNMENTS TRYING TO STOP THE
SPREAD OF THE DEADLY VIRUS.
CASTILLO HAS THE VERY LATEST.
>>> OVERNIGHT ON CAPITOL HILL
SENATE LEADER STRIKING A DEAL.
AGREEMENT TO A MASSIVE $2
TRILLION CORONAVIRUS STIMULUS
PACKAGE.
PACKAGE.
PACKAGE. THE LARGEST IN U.S. HISTORY.
THE DEAL WHICH WAS TO BE VOTED
ON BY BOTH THE SENATE AND THE
HOUSE INCLUDES $100 BILLION OF
RELIEF FUNDING FOR HOSPITALS.
$200 BILLION FOR DOMESTIC
PRIORITIES LIKE
PRIORITIES LIKE TRANSPORTATION, CHILDCARE,
TRANSPORTATION, CHILDCARE, SENIORS AND VETERANS.
$500 BILLION FOR MAJOR
CORPULENCE AND A SMALL
BUSINESS RESCUE PACKAGE THAT
IS OVER $350 BILLION.
THE BILL WILL ALSO PROVIDE A
ONE-TIME $1200 CHECK TO
AMERICANS WHO MAKE $75,000 A
YEAR OR LESS.
THE TREASURY SECRETARY SAYS
PRESIDENT DONALD TRUMP WILL
ABSOLUTELY SIGN IT.
MEANWHILE THE PRESIDENT HOPES
THE COUNTRY WILL BE BACK UP
AND RUNNING FULL STEAM AHEAD
BY EASTER.
BY EASTER. JUST TWO AND HALF WEEKS FROM
NOW.
NOW.
NOW. DESPITE REPEATED CAUTIONS FROM
THE NATION'S TOP HEALTH
EXPERTS.
EXPERTS.
EXPERTS. HOWEVER, HIS ON TASK FORCE
ADVISOR, DOCTOR ANTHONY FOUND
SHE SAYS DEADLINE MUST BE
FLEXIBLE.
FLEXIBLE.
FLEXIBLE. >> ON A DAY BY DAY AND WE
BELIEVE BASIS, YOU NEED TO
EVALUATE THE FEASIBILITY OF
WHAT YOU'RE TRYING TO DO.
>> THE DOCTOR ADDING THERE
WERE NOT BE A BLANKET
RECOMMENDATION FOR THE ENTIRE
COUNTRY SINCE CASES VARY FROM
STATE TO STATE. NEW YORK
REMAINS THE BIGGEST
CORONAVIRUS HOTSPOT.
CORONAVIRUS HOTSPOT. ACCOUNTING FOR MORE THAN HALF
OF THE COUNTRY'S CASES AND
NEARLY A 3rd OF THE DEATHS.
THE WORLD HEALTH ORGANIZATION
WARNS THE U.S. HAS THE
POTENTIAL TO OVERTAKE ITALY AS
THE GLOBAL EPICENTER OF THE
CORONAVIRUS PANDEMIC.
CORONAVIRUS PANDEMIC. THE PRESIDENT ALSO DOUBLING
DOWN ON THE IDEA THAT
ECONOMIC INSTABILITY CAUSED BY
THE VIRUS COULD BE WORSE THAN
THE PANDEMIC ITSELF.
>>> SO IT IS BELIEVED THE
SENATE BILL WOULD NOT HELP
JUST THE AIRLINES BUT AIRLINE
MAKER BOEING.
MAKER BOEING. OBVIOUSLY HUGE NEWS LOCALLY
AND THE BILL CALLS FOR A $17
BILLION FEDERAL LOAN PROGRAM
FOR BUSINESSES WHICH ARE
CRITICAL TO MAINTAINING
NATIONAL SECURITY.
NATIONAL SECURITY. THE WASHINGTON POST REPORTS
ALL OF THAT DIDN'T MENTION
BOEING BY NAME THAT PART OF
THE BILL WAS MEANT TO DIRECTLY
HELP BOEING WHICH IS BEEN
SEEKING $60 BILLION IN
GOVERNMENT LOANS FOR AEROSPACE
MANUFACTURING.
MANUFACTURING. THE AEROSPACE INDUSTRY EMPLOYS
2.5 MILLION PEOPLE.
BOTH EMPLOYEES 153,000 PEOPLE.
AND AS YOU MIGHT EXPECT, THIS
$2 TRILLION STIMULUS PACKAGE
MAKING A HUGE IMPACT ON WALL
STREET.
STREET.
STREET. COMING OFF ALREADY IS BEST DAY
SINCE 1933.
SINCE 1933. YESTERDAY UP ANOTHER 1200
POINTS IN RIGHT NOW BOEING
STOCK IS UP 29% EXPEDIA
ANOTHER HUGE COMPANY LOCALLY
UP 12% AND ALSO OF COURSE IN
THE TRAVEL SECTOR, AND OVERALL
THE DOW WAS UP ABOUT 11% OVER
HIS LAST THREE TRADING
SESSIONS.
SESSIONS.
SESSIONS. BOEING HAS OFFICIALLY SHUT
DOWN ALL OF ITS FACILITIES IN
THE NORTHWEST BECAUSE THE
CORONAVIRUS.
CORONAVIRUS. OUR AVIATION SPECIALIST GLEN
FORK IS JOINING US NOW LEVITY
BEEN REPORTING ON THIS FOR THE
LAST COUPLE DAYS AND OUT THE
STIMULUS PACKAGE HAS BEEN
PASSED, WHAT IMPACT WILL THAT
HAVE FOR BOEING WORKERS?
>> THE WHOLE IDEA IS TO KEEP
THE BOEING WORKERS WORKING AS
IT IS TO TO MEET OTHER
EMPLOYEES TO WORK FOR THE SOME
17,000 SUPPLIERS THAT MAKE
PARTS AND PROVIDE SERVICES FOR
BOEING TO KEEP WORKING.
AGAIN THAT IS THE GENERAL IDEA
BUT I KNOW THERE IS A LOT OF
NERVOUSNESS AMONG OTHER
AVIATION COMPANIES THAT ARE
NOT IN THAT DIRECT
OF
OF BEING
OF BEING SUPPLIERS TO BOEING WHO
ARE WONDERING IF THEY COULD BE
INCLUDED.
INCLUDED.
INCLUDED. WE ARE STILL WAITING FOR A LOT
OF DETAILS AND THEY SAY THE
DEVIL IS IN THE DETAILS AND
THAT IS THE QUESTION.
WHAT ARE THOSE DETAILS AT THIS
POINT?
POINT?
POINT? ALL WE KNOW IS THAT WASHINGTON
POST REPORT AND THEY ARE THERE
ON THE GROUND IN WASHINGTON DC
TALKING ABOUT THE $70 BILLION
SO THE QUESTION IS, IS A 17
FOR BOEING BECAUSE BOEING
FRAME THIS AS THEMSELVES AND
THE SUPPLIER SO IF IT TURNS
OUT 17 BILLION OF LOAN
GUARANTEES FOR BOEING, AND
SOMETHING ELSE IS OUT THERE
SAYING OKAY.
SAYING OKAY. AND THEN THE BALANCE OF THAT
WILL BE GOING TO THE
SUPPLIERS, THEN THAT PROBABLY
WORKS OUT.
WORKS OUT. IF IT IS $17 BILLION TOTAL FOR
THE INDUSTRY DESPITE THE ASK
FROM BEFORE, HOW MUCH WILL
THAT GO TO SORT OF BACKSTOP
AVIATION MANUFACTURING IN THE
UNITED STATES.
UNITED STATES. >> WAS SEEN BOEING TOOK A HUGE
HIT FINANCIALLY BETWEEN THE
737 MAX CRISIS IN THE
CORONAVIRUS BUT OVER THE LAST
THREE TRADING SESSIONS STOCK
IS UP 66%.
HOW WOULD YOU CHARACTERIZE
BOEING FINANCIALLY AS A
COMPANY RIGHT NOW?
>> BOEING IS CLEARLY HIT BY
THE MAX GROUNDING WHICH HAS
LASTED OVER A YEAR.
THEIR TARGET TO GET BACK UP
AND FLYING AGAIN IS THE MIDDLE
OF THE SUMMER.
WE ARE NOW HEARING IT REPORTED
THAT THEY MAY START PRODUCTION
OF THE MAX IN IT RENTON AGAIN
IN MAY.
IN MAY.
IN MAY. THEY WERE TARGETING APRIL BUT
I THINK WE CAN GATHER THAT
THE MAY START TIME THAT IS
BEING REPORTED.
BEING REPORTED. WERE TRYING TO GET
CONFIRMATION OF THAT NOW AND
IT HAS BEEN A PART OF THE
VIRUS AND IT WILL HAVE AN
IMPACT THERE SO THOSE ARE THE
KINDS OF THINGS THAT HOPEFULLY
WILL AND THE MARKET IS
EXPRESSING SOME CONFIDENCE.
BOEING LAST WEEK WAS ONE OF
THE MOST, WE HAVE DOGS HERE
QUICKLY.
QUICKLY.
QUICKLY. ONE OF THE MOST IMPACTED
COMPANIES ON THE DIAL AND NOW
IT IS ALSO, IT IS GAINING
QUITE A BIT SO, THAT IS KIND
OF WHAT WE ARE DOING
THIS
THIS IS
THIS IS THE PERILS OF WORKING FROM HOME.
FROM HOME. >> SAY HIDE TO THE DOGS FOR AS
WE APPRECIATE YOUR REPORTING
IS ALWAYS ON BOEING IN THE
AIRLINE AVIATION INDUSTRIES AS
WELL.
WELL.
WELL. STAY SAFE AND WE WILL TALK TO
YOU AGAIN SOON AND MEANTIME
THE GOVERNOR STAY HOME ORDER
IS IN EFFECT FOR WASHINGTON.
TODAY IS THE LAST DAY THAT
NONESSENTIAL BUSINESSES WILL
BE OPEN BEFORE THEY ARE FORCED
BELOW TO CLOSE.
KIERRA ELFALAN IS IN SOUTH
KING COUNTY WITH MORE.
>> Reporter: THAT STAY HOME
STAY HEALTHY ORDER IS IN
EFFECT SO HERE IN COVINGTON,
AND PLACES ALL ACROSS
WASHINGTON YOU WILL NOT SEE
MANY PEOPLE OUT AND ABOUT.
THE GROCERY STORE PARKING LOTS
LIKE THIS IS PROBABLY WHERE
HE WILL SEEK MOST OF THE
ACTIVITY THAT'S HAPPENING IN
GROCERY STORES ALONG WITH
PHARMACIES, DOCTORS OFFICES TO
GO RESTAURANTS, GAS STATIONS
AND CHILDCARE, MARIJUANA
DISPENSARIES AND SO ON, THOSE
ARE THE LIST OF SOME OF THE
BUSINESSES THAT WILL STAY
OPEN.
OPEN.
OPEN. UNLESS YOU ARE AN ESSENTIAL
WORKER THESE ARE REALLY THE
ONLY THINGS THAT YOU SHOULD BE
HEADING OUT THE DOOR FOR AND
LESS YOU'RE GOING FOR A WALK
WERE TO GET EXERCISE.
MANY OTHER SECTORS INCLUDE
UTILITIES, AGRICULTURAL AND
COMMUNICATIONS ARE ALSO
INCLUDED ON THE LIST OF
ESSENTIAL BUSINESSES.
ESSENTIAL BUSINESSES. PEOPLE WHO WORK IN HEALTHCARE,
EMERGENCY SERVICES, FOOD AND
TRANSPORTATION, WATER, ENERGY
AND CRITICAL GOVERNMENT
WORKERS WILL ALSO STILL BE OUT
AND ABOUT.
AND ABOUT. MANY CONSTRUCTION PROJECTS
HAVE ALSO HAD TO STOP
OPERATIONS TO COMPLIED WITH
THE GOVERNOR'S ORDER.
JUST TO GIVE YOU AN IDEA, IN
DOWNTOWN, SEATTLE, THERE ARE
AT LEAST 60 DIFFERENT
CONSTRUCTION PROJECTS IN THE
ORDER WILL ONLY MAKE AN
EXEMPTION FOR CONSTRUCTION OF
ESSENTIAL FACILITIES.
ESSENTIAL FACILITIES. IF YOU WANT MORE CLARIFICATION
ON WHAT THAT MEANS, WE HAVE A
FULL STORY ON OUR WEBSITE AT
KING5.COM.
KING5.COM. IF YOU WOULD LIKE A LIST OF
THE ESSENTIAL BUSINESSES AGAIN
BECAUSE THAT WAY BY WAY TOO
FAST ON THE SCREEN OR YOU WANT
TO READ IN DETAIL, TEXT THE
WORD LIST TO THE NUMBER ON
YOUR SCREEN.
YOUR SCREEN. 206-448-4545 . COMING IN, I
AM KIERRA ELFALAN.
KING 5 NEWS.
>>> NOW A LOT OF PEOPLE
WONDERING HOW WILL THE
GOVERNMENT'S ORDER BE IN
FORCE.
FORCE.
FORCE. WHETHER IT IS BUSINESSES ARE
YOU SUPPOSED TO BE STAYING
HOME.
HOME.
HOME. AMY
HOME. AMY MARINA IS IN EVIDENCE WITH
THAT SIDE OF THE STORY.
>> POLICE ALL OVER THE STATE
ARE TRYING TO EMPHASIZE A ROLE
IN THIS THAT INVOLVES
EDUCATION.
EDUCATION. NOT SO MUCH ENFORCEMENT.
THEY HAVE PLENTY TO DO THAT
DOESN'T INVOLVE GOING OUT ON
LOOKING FOR PEOPLE WHO ARE NOT
OBEYING THE STAY AT HOME
ORDER.
ORDER.
ORDER. HERE IN EDMONDS, THIS IS ONE
OF THE AREAS WHERE THEY ARE
GIVING POLICE A LITTLE MORE
ABILITY TO TICKET PEOPLE AND
THEY CAN GO UP TO $500 WITH A
FINE BUT THEY REALLY HOPE IT
DOES NOT COME TO THAT.
MANY DEPARTMENTS HAVE BEEN
TAKING TO SOCIAL MEDIA TO
SHARE THEIR MESSAGE AND TRY
AND DISPEL SOME OF THE
CONCERNS.
CONCERNS.
CONCERNS. THE GRAYS HARBOR COUNTY
SHERIFF'S OFFICE SAID RUMORS
OF MARTIAL LAW OR STRICT
ENFORCEMENT OR JUST SIMPLY NOT
TRUE.
TRUE.
TRUE. THEY DON'T WANT TO MAKE ANY
ARRESTS OR TAKING ONE TO JAIL.
SEVERAL DEPARTMENTS INCLUDING
THE PIERCE COUNTY SHERIFF'S
DEPARTMENT SHOWED THIS
INFORMATION FROM THE
WASHINGTON ASSOCIATION OF
SHERIFFS AND POLICE CHIEFS.
HITTING A LOT OF THE SAME KEY
POINTS IN EMPHASIZING THEY
WILL NOT BE GOING OUT LOOKING
FOR THIS ACTIVITY AND YOU DO
NOT NEED A SPECIAL PASS OR
LICENSE TO CONDUCT ESSENTIAL
SERVICES.
SERVICES.
SERVICES. WHILE EDMONDS IS ONE OF THE
FEW COMMUNITIES WHERE THEY ARE
A LITTLE MORE VOCAL AND
TALKING ABOUT ENFORCEMENT,
THEY SAY IT IS BECAUSE THEY
HAVE SUCH A LARGE HONORABLE
POPULATION.
POPULATION. 25% OF THE PEOPLE WHO LIVE
HERE ARE OVER 60 BUT THEY
STILL BELIEVE MOST PEOPLE WILL
COMPLY VOLUNTARILY IN THE
DOUBT IT WILL MEAN THAT
ACTUALLY HAVE TO TICKET PEOPLE
ARE THREATENED TO TAKE THEM TO
JAIL AND KEEP IN MIND, YOU CAN
STILL WALK AROUND WITH THIS
COMMUNITY AND GET OUT OF HER
HOUSE A LITTLE BIT.
YOU COULD JUST NOT CONGREGATE
IN PARKS AND PLACES LIKE THAT.
THE GOVERNOR HAS SAID HIS
ORDER IS A FORCIBLE BALL BUT
REALLY HE BELIEVES THE WORST
THAT CAN COME FROM NOT OBEYING
IT IS MORE UNNECESSARY DEATHS
IN OUR STATE. IT HAPPENS, AMY
MARINA, KING 5 NEWS.
>>> AND A REMINDER.
STATE PARKS AND WILDLIFE
AREAS ARE TEMPORARILY CLOSING.
STARTING TODAY FOR AT LEAST
TWO WEEKS.
TWO WEEKS. STATE GRANTS AND OTHER
OVERNIGHT ACCOMMODATIONS WILL
REMAIN CLOSED THROUGH APRIL
30.
30.
30. IF
30. IF YOU TAKE THE SOUND WANT TO
GET AROUND YOU WILL HAVE TO
FIND AN ALTERNATIVE ROUTE.
NOT BECAUSE OF CORONAVIRUS FOR
SERVICE CANCEL BECAUSE OF A
LANDSLIDE IN NORTH SEATTLE.
SOUND TRANSIT SAYS AS LONG AS
THERE ARE NO ADDITIONAL
PROBLEMS THAN SERVER SHOULD
RESUME ON