Stacey Cunningham, president of the New York Stock Exchange, told Cheddar on Tuesday that the markets remaining open is important during the COVID-19 pandemic.
The White House announced major moves in coordination with the Federal Reserve to mitigate economic damage from the coronavirus pandemic which has brought some industries to a near halt.
The Small Business Grants Program, revealed in a blog post on Tuesday morning, was created to keep workers working, help with rent costs, connect with more customers, cover operational costs. (Photo by Joe Raedle/Getty Images)
The guidelines mark the first attempt by the federal government to establish best practices for all Americans amid an avalanche of disparate state and local policies.
The action came on the heels of an executive order by Louisiana Gov. John Bel Edwards, banning gatherings of 250 people or more across the state and shutting down schools.
Gov. Cuomo revealed that there are now 950 confirmed cases in New York with 158 hospitalizations and seven death, along with a coordinated effort between New York and its neighboring states, New Jersey and Connecticut, in order to stem the increased spread of the COVID-19 disease.
As the coronavirus shuts down the entertainment industry, questions are swirling about whether hourly and project-based workers will be able to receive compensation during this time.
