- And joining us now to talk more

about how the virus isaffecting the economy

is financial expert, Dan Celia.

Dan, the Senate is having a hard time

passing this economic response bill.

What do you think should bethe government's priorities

to strengthen the economy?

- The government'spriority, Mark, has to be

getting this aid bill passedas quickly as possible

and it's going to have to be big.

It can not be cut.

It can not be reduced.

I know that there are politicians

that don't want to let this go to waste.

They can't fathom havinga trillion dollars

worth of a bill beingpassed without taking care

of their own interests sadly to say.

And it's gotta get done today.

It's not going to I don't think

but it's gotta get done today.

It's gotta get done asquickly as we possibly can.

We need to bring aid toAmerican corporations.

- Dan, the Federal Reserve is promising

to basically put as muchmoney into the economy

as necessary and startlending to small businesses.

How much will the Fed be able to help?

- The Fed is going tohelp an enormous amount

of stimulus, from a stimulus perspective.

They're probably gonnaend up putting four,

three to four trilliondollars easily into this

when it's all said and done.

Keep in mind, Mark, it ismuch more of a balance sheet

transaction which I don't like very much

but it is gonna be aninteresting thing to watch.

But they have to because of liquidity.

We've gotta keep money flowingthrough the financial system.

That's the Fed's joband they need to infuse

these dollars in dramatic fashion so that

free cash flow can movethrough the financial system.

Equity move and liquidity movethrough the financial sector.

- There are predictions of a20 or even 30% unemployment

rate and the worsteconomy since the 1930s,

at least in April through June.

Is that realistic, Dan?

- Yeah, it's realistic,Mark, as sad as it is to say.

We could easily see 20%is what I've been saying.

But it could go a lot higher.

It really depends on how prolonged this is

but we could see 20 to 30%.

But let me just emphasize,it's going to be short-lived.

It's not, I felt, I feelvery bad for all of those

including some fade presidents

that are comparing this to 2008.

This is nothing, nothing like 2008.

So I think that we've gottakeep things in perspective.

We could see a 30% unemployment rate

and literally in four months it could be

back down to seven or eight percent

or something very manageable.

- All right, Dan Celiawith Financial Issues.

Thank you, Dan.

Thanks for your insights.

We appreciate it as always.

- You're welcome, Mark.

Thanks for having me.