WELL OFF THE SESSION FROM THE CORONAVIRUS IN THE U.S.
ALL THREE OF THE MAJOR AVERAGES
DID AND THE WEEK HIGHER.
THE PRESIDENT APPEARS THE CDC
OFFICIALS IN THE WHITE HOUSE HAS
DIFFERENT WAYS TO PROMPT UP THE
COMPANY, AMID THE OUTBREAK.
LET’S GET TO BLAKE AT THE WHITE
HOUSE.
HOUSE. THE MAYOR OF AUSTIN, TEXAS HAS
ANNOUNCED THE SOUTHWEST MUSIC
AND ENTERTAINMENT FESTIVAL HAS
OFFICIALLY BEEN CANCELED.
THE LATEST MAJOR EVENT, WHAT ARE
YOU HEARING FROM THE
ADMINISTRATION ON HOW TO EXTEND
THE BEER AND BOOST THE ECONOMY
AT THE SAME TIME?
>> NOT ONLY BY SOUTH AND
SOUTHWEST, SOME THINK YOU’VE
BEEN FOLLOWING MOVE OVER TO
MIAMI, FLORIDA AS WELL IN THE
ANNOUNCEMENT THAT CAME OUT OF
MIAMI-DADE COUNTY TODAY.
THE MUSIC FESTIVAL, A MASSIVE
FESTIVAL SET TO TAKE PLACE THERE
IN A FEW WEEKS.
CANCELED.
CANCELED. ACUTE STREET FESTIVAL IN THE
HEART OF MIAMI DOWN EIGHTH
STREET.
STREET. YOU START SEEING ALL OF THESE
BIG EVENTS FROM A DIFFERENT PART
OF THE COUNTRY AND YOU HAVE TO
WONDER WHAT THIS MEANS FOR
REVENUES IN THESE AREAS, WHAT IT
MEANS FOR GROWTH, ECONOMIC
GROWTH IN THE AREAS AND REALLY,
GROWTH ALL THROUGHOUT THE
COUNTRY.
COUNTRY. IT’S WHITE AND PART, WE HEARD
FROM HIS WHITE HOUSE TODAY THAT
THEY ARE INDEED MOWING ECONOMIC
STIMULUS, I DON’T KNOW IF YOU
WANT TO CALL IT ECONOMIC
STIMULUS PACKAGE, THE MEASURES
THAT THEY MIGHT POTENTIALLY ROLL
OUT HERE IN THE NEAR FUTURE.
LARRY KUDLOW TODAY ON MULTIPLE
OCCASIONS SAID THIS WOULD BE
SOME SORT OF MASSIVE BAILOUT TO
THE TUNE OF HUNDREDS OF BILLIONS
OF DOLLARS.
OF DOLLARS. INSTEAD, HE SAID IT WOULD BE
TIMELY AND THIS WOULD BE
TARGETED SHOULD THEY GO DOWN
THIS ROAD.
THIS ROAD. THAT WAS KUDLOW TALKING ABOUT
THAT POSSIBILITY EARLIER TODAY.
>> PEOPLE MAY BE STRANDED AT
HOME AND WILL LOSE PAY, WANT TO
HELP THEM, SMALL BUSINESSES AND
CERTAIN AREAS, GEOGRAPHICAL
AREAS IN CERTAIN SECTORS, WE MAY
WISH TO HELP THEM WITH CASH
FLOW.
FLOW. SOME SECTORS MIGHT NEED
TEMPORARY ASSISTANCE, A NUMBER
OF THINGS, I LOOK AT IT AS MICRO
MICRO, TARGETED AND TIMELY.
>> I WAS KUDLOW GOING OVER
POTENTIAL OPTIONS.
POTENTIAL OPTIONS. I’M ALSO TOLD ONE OF SEVERAL
THINGS, UNDER CONSIDERATION HERE
THE WHITE HOUSE IN TERMS OF
ECONOMIC STIMULUS, IT’S ALLOWING
FOR THE AIRLINERS, CRUISE LINERS
LINERS, THOSE WITH IN THE TRAVEL
INDUSTRY TO POTENTIALLY DIFFER
TAX PAYMENT.
TAX PAYMENT. THE PRESIDENT WAS ASKED ABOUT
THAT AT THE CDC AND EARLIER
TODAY, WHEN HE WAS VISITING THE
HARD-HIT AREAS FROM TORNADOES
EARLIER THIS WEEK, THE PRESIDENT
SAID WE ARE CONSIDERING
DIFFERENT THINGS, WE ARE LOOKING
AT DIFFERENT OPTIONS.
BOTTOM LINE, A COUPLE OF DAYS
AGO, THE WHITE HOUSE TOUCHED THE
IDEA OF ECONOMIC STIMULUS.
TODAY, THEY VERY MUCH EMBRACED
IT AS SOMETHING FAIR LOOKING AT
AND IT SEEMS LIKE IT’S A REAL
POSSIBILITY POTENTIALLY.
POSSIBILITY POTENTIALLY. LIZ: THE STORY IS MORPHING EVERY
MINUTE.