Jim Cramer on Corporate Partnerships, Congress and the Coronavirus
Happy Tuesday!
Let's go over some of the top stories driving the markets Tuesday.
First Up, the $2 Trillion Economic Bill
The markers slumped into the close Monday after the Senate failed for a second day to pass a massive fiscal stimulus bill of nearly $2 trillion to help mitigate the economic fallout from the coronavirus pandemic.
The bill has been stalled for two days over objections to a $500 billion fund to be overseen by Treasury Secretary Steven Mnuchin.
Senator Chuck Schumer and Treasury Secretary Steven Mnuchin have said that both sides--Republicans and Democrats--are close to a compromise on the $2 trillion economic package.
And Then There's Ford's New Partnerships
Ford (F) - Get Report and GE (GE) - Get Report Healthcare said they were expanding production of a simplified version of GE Healthcare's existing ventilator design, for the country's healthcare workers who are on the front lines fighting the coronavirus pandemic.
Additionally, Ford plans to assemble more than 100,000 face shields per week, leveraging its in-house 3D-printing capability to produce parts for use in personal protective equipment.
The Ford and 3M (MMM) - Get Report teams have been locating off-the-shelf parts like fans from the Ford F-150's cooled seats for airflow, 3M HEPA air filters to filter airborne contaminants and portable tool battery packs to power the respirators for up to eight hours.
Catch up on the Latest Videos on TheStreet!
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- Why Micron Can Emerge From the Coronavirus Wreckage
- Boeing And Its Beleaguered Stock Will Fly Again - Goldman Sachs
- A Legal Look at the Drugs Being Used to Potentially Treat Coronavirus
- What Legal Protections Exist to Prevent Senators From Trading on Non-Public Information?
- Notable Stock Market Halts and Closures Throughout History
- Laid Off? Here's What Jim Cramer Says to Do With Your Investments
- Jim Cramer's Advice for Investors Worried About Their Jobs
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