These companies are hiring during the coronavirus outbreak

Yahoo Finance’s Sibile Marcellus joins Seana Smith to discuss what companies are hiring during the coronavirus outbreak and Wells Fargo's latest note on the Senate's $2 trillion stimulus plan.

Video Transcript

SEANA SMITH: Let's move on here. The Senate unanimously approving a $2 trillion fiscal measure, and the House is expected to vote on this bill tomorrow. Now Wells Fargo is out with a pretty interesting note, and it's discussing the fiscal passage-- package here that was passed.

We have Sibile Marcellus standing by. And, Sibile, once I was digging through this note, what stood out to me was their big takeaway was that this passage of the bill gives them, quote, "reasonable confidence that another Great Depression is not in the cards."

SIBILE MARCELLUS: Absolutely, Seana. That's the big takeaway. No one wants to see the Great Depression happen right now, and they're feeling encouraged, these Wells Fargo analysts, that because the Senate was able to pass this $2 trillion package so quickly and it looks like the House is also going to pass it with bipartisan support, that means that once people are able to go back to work, once those shelter-in-place orders are lifted, then the US economy will bounce back, they hope, within just a matter of months.

Now what they actually said was, quote, "Congress unleashed the fiscal fire hose," and clearly they're referencing too so many aspects of the US economy that are feeling the heat-- massive financial losses from the impact of the coronavirus outbreak.

And in terms of this $2 trillion fiscal-stimulus plan, it has so many good provisions to support companies and Americans. They're hoping before the order to shelter in place and businesses being closed gets lifted. It includes direct payments of $1,200 to Americans earning up to $75,000, additional $500 per child. Plus you've got the additional unemployment aid being extended to 13 weeks. They're also including freelancers and gig workers, so that's going to be very helpful. Also $350 billion in federally guaranteed loans to small businesses, $500 billion in government lending program for distressed companies, and also $100 billion to hospitals on the front lines of this epidemic. So all of this, Seana, is supposed to help these businesses and Americans be able to shelter this unfortunate coronavirus pandemic.

SEANA SMITH: Yeah, Sibile, it's interesting because there was another-- we've been talking about the fact that obviously so many people have been losing their jobs or are likely to lose their jobs over the next couple of weeks, and many of these companies obviously are being forced to let go of their employees. But there are, though, some companies that are looking to hire. They have seen an increase in demand in the wake of this coronavirus pandemic, and I know you have a list for us. Some of the ones that stuck out to me-- Amazon, Costco, Walmart, CVS, and Dollar General.

SIBILE MARCELLUS: Yeah, that's right. Those are the big names that are actually hiring, which is such a relief because today we got these ginormous numbers in terms of unemployment claims that were filed last week, over 3 million. So in terms of companies that are hiring right now, you've got Amazon. They're hiring 100,000 full-time and part-time employees. You've got Costco who's looking to hire hourly workers. Walmart hiring 150,000 employees.

So at Yahoo Finance we're keeping the list running. You definitely want to check there to see where you can find a job if, unfortunately, you were laid off recently.

SEANA SMITH: All right, Sibile, thank you.