or army corps of engineers, we talk about these problem every day. they are taking them on. connell: thank you, "bulls and bears" right now. david: a full court press, to rescue the economy from the coronavirus. president trump today saying he plans to quote go big, and he said he is doing it with combination of handouts and bailouts, including sending checks to americanser who hurting financially. >> we giving relief to affected industries and small businesses, we're ensuring that we emerge from this challenge with prosperous and growing economy, that is what will happen. it will pop. one day we'll be standing possibly hire here, we'll see, , we won, we're going to win, i think faster than people think. david: the markets liked what president of the selling, dow up more than a thousand point --

jumping more than a thousand during the press conference, is settled after that. but they are all up big time, a vast difference from yesterday's blood bath. hillary vaughn is live at white house, jackie deangeles the new york stock exchange, but alex hogan is life in st. patrick's cacathedral that would have beea very busy st. patrick's day. reporter: a year ago, i would be standing here with about 2 million people, watching a parade go by, this is a different side of new york from what people are used to seeing, as cases spread, more people are told to stay inside, the major landmarks in new york are empty. millions of people worldwide are under lockdown, they vary country by country, here die he

state. most banning gatherings, and and 5 million. pennsylvania will close state owned wine and liquor stores at 9 p.m., new jersey closing malls, and ohio calling identiff prime elec election. these close ours cutting deep into the nation's economy. >> in terms of the economic dislocation, it is fair to say we'll quickly surpass anything we saw in great recession and only comparison will be great depression. reporter: some businesses closing on their own terms, stores here on fifth avenue. are all closed. macy's announcing it will close its stores throughout the

country until the end of march, we're learning that the mayor announcing that within about 48 hours there is expected to be a decision on whether or not the city will close down more. governor of new york state, saying, that needs to be come on state level. >> all right. thank you so much. and stocks rebounding today after suffering their largest loss since 1987 crash, yesterday. let'se head on jackie at new yok stock exchange, a different story today. reporter: it is the continuation of this seesaw, one day a massive sell-off the next day something happens, a headline or a press conference. and we com we come back. market up more than a thousand today, that is 5% are in d for , and 6% for s&p 500, this is after the long press conference this afternoon. and comments from steve mnuchin, treasury secretary saying, you know we're here to backstop everything, we're working on plans to send checks to people

who need the money to bring that money back to the system. we're working on a plan for the airlines, for cruise ships, we don't have details on what will happen, but wall street seemed to think it was enough to stable a the market today. still a couple red flags. first, we opened higher then dipped to negative territory. under 20,000 is market testing level, next thing, once you test them you go there, and you close there. that could spur a wave of selling, second is look at oil prices. decimated, i covered oil for many years, and the last time i can remember seeing them this 25 dollar level was shale boom, 2016 from over a hundred a barrel down to that level. different circumstances here. but the concern is about demand across the board, then draw your attention to restaurant, with mcdonald's saying, nationwide we want to pick your food up

take it out, no dining in starbucks, wendy's the same, the tri-state area yet this put that in effect, it is going national. retail stores, nordstrom, macy's, tiffany, nike, bloomingdale's. you can just go on and on with the store closures, because once it start its like a ripple effect. no store wants to look like they are not taking proper precautions. and i am end on auto, we have done so focused on airline, auto workers, uaw putting press our n them to shut down their factories, as of now they have been taking same precautions that could be detrimental on that industry to shut down stlrk a deadlinthereis a deadline wheo figure out their plans. there is a lot going on, and you know even though we have

experienced this this extreme volatility, traders here say, brace for more. until this peaks out, and starts to calm down, it could be 3 or 4 weeks. david: when you see ford motor company 5 bucks a share, you wonder what happening. you realize seriousness. >> thank you. >> white house making a announcement today, economic responses to coronavirus outbreak. to hillary vaughn atlanta the house -- at the white house. reporter: president wants an economic relief package that big, and bolds, and help boost businesses and help family fund their basic needs, treasury secretary mnuchin are looking at waying to get cash into people's hands, within two weeks. >> we're looking at sending checks to americans immediately. we heard from hard working americans many companies shut down, whether bars or restaurants, americans need cash now, and president wants to get

cash now, i mean now. in next two weeks. reporter: president trump meeting with leaders in tourism industry, including econom. >> marriott ceo told president trump today had they have seen their business in china fall by 90%, and hilton ceo down to 10 to 15% capacity in hotels worldwide. >> that is being figured out, we're helping industries like boeing, we have to help boeing and airline industry. was not their fault, we know your industries ar are among hardest hit by impact of the virus, our goal is to beat the virus, the hidden virus, the hidden enemy with aggressive action now, so that we can rebound stronger than before. reporter: many ceos told president they are laying off tens of thousands of workers to deal with the big hit to their industry, this drop in demand. and mgm resort put 70,000

workers on furlough, hilton laid off 8 to 5 to fine 9% of their , they need cash to help their workers, deal with the economic impact of buying ou by -- beingf work. >> thank you. >> we bring in our panel, joining us zachary khair care karabell, john burnett and jonathan hoenig. to get over the devastating economic effects of virus, is the market right to read the coming sti stimulus as a positi, john burnett? >> we know it not because of the luck of the irish. even though it is st. paddy's day. the entire economy has within shut down, whether you talk about large scale businesses or small businesses. these -- all businesses are

hurting. yes, they have a timeline of 2 weeks, but mid el middle of amea cannot wait two weeks, we know a lot of bills are due on the first of the month, they need to get this bill done at any point between now and now. why, because the working class americans are hurting, and they are filled with a lot of fears, and restaurants are closed down. delivery companies are slowed down, supply chains are impacted, we need this stimulus immediately. david: zach, you have hand outs to individuals about a thousand bucks is what is expected, if may be more than that. you have bailout to companies large and small. will it help? >> you know, all i can say for a moment of teasing to john and i guess in a crisis we're now all socialists. you know, i would have agreed with that sinc sentiment we neeo

spend aggressively, what government for but to provide for the security of its citizens in times of major crisis. this is one of those times, so, you know market reacting to one thing, in 1929 there was a massive hit it took government 3 1/2 years before it started spending, herbert hoover was much aligned, in today's world it will take government about 3 weeks. david: i hear jonathan, wants to jump in but first a sound bite of art lapre, no fan of bailouts. he said there are bailouts and then their are bailouts. art laffer. >> times of crisis, discount freely, you take those companies that have liquidity problems, and you make sure that that treasury and fed and other government organizations supply them with liquidy during the president of crisis, you do it when -- during the period of

crisis, when it does not is turn into a solvency crisis. >> you bail them out. >> that is what should be done. just, you don't bail them out you give them loans and guarantees to meet it so they don't have to sell the cruise ship at a fire sale. >> jonathan. >> that called a bailout. government does it, it is call a bailout. this is a serious crisis, but government getting involved, picking winners and losers, picking industries, yesterday it was airline. today casualty president said, will be boeing too. and what about restaurants? and retail, oil industry, the casinos, there no industry or individual that has not been impacted by this virus. it would make it worse. >> i would say to you, i have on the past years in show respected your legends -- alleggance on

the view. >> john, john, it would be good for you to take a moment to recognize that this not other times, this is one of those -- >> it is different this time. >> there is no parallel with the global system, simultaneously shutting down demand and supply for two month period. wait, wait. >> your fear, your fear is that. bankrupt airline. david: the man in middle, john burnett, get in here but emphasize, not all bailouts cost money, we have the 2008-0 numbe9 bailout, money returned and interest dividends brought a profit to u.s. treasury of 121 billion this is for -- sno. >> not true. >> this is for john burnett.

>> this is first time ever, to zach's point, i can't believe i am agreeing with zach this situation is unprecedented, jonathan has to understand this a wholesale shut down, but airline industry, the big, big conglomerate global organizations they have access to capital, they could pick up call and call the ceo of the bank. david: we're running out of time we'll have a lot more time to talk about this, i guarantee it over the course of coming year, there is more to say on all this thank you. healthcare workers bracing for worse with the spread of coronavirus. but how can they protect themselves and flatten the curve at the same time. we ask dr. steven morris, next. >> if you look at models, you have input into the kinds of mitigation and things that we're doing. we'll see a hump instead of a

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coronavirus administered today in seattle with a small group of volunteers receiving varying doses over several weeks to test the safety of the experimental vaccine, this as more and more health care workers are testing positive, world health organization announced two of their own tested positive, we bring in dr. stev steven morse. thank you for joining us. we remember the pictures of the brave doctors in china, is it possible to see this here. >> no pictures are tragic. and heartbreaking to see. i think it is important we protect our healthcare providers. and others who will come in contact with sick patients, that means. they need the personal protective equipment for that. so they are able to protect them

solves. i think that it is possible but right now it need -- requires a real effort to get enough material make sure that everyone knows how to use it and have enough people. david: seems they are getting it from a lot of companies and department of defense is sending out a bunch of masks for health care workers, and a telehealth meeting with your doctor over the iphone or whatever it is, how effective do you think that will be in treating this? it wil. >> it will be helpful for those who dean need t don't need to ce hospital, we want to keep people home if they are not really sick and in need of immediate medical attention. i think it could be useful, to

help rule out other things and people who need help, who would otherwising waiting for hours, and nose is symptoms you could then advise them to get tested or appropriate medical attention. david: are we learning more about how to treat those those who have already been infected. i understand that gilead science has a product. that is showing some progress. >> that particular drug is one that looks hopeful. it worked well in laboratory, right now they are doing clinical trial in china and other places. people who have used it seem too think it is very effective. but that is just anecdotal

databased on personal experiences, there another drug -- that does look prom pricin pr those hospitalized. it is given intraveneiusly and probably early in the course of illness. there is another drug. that was designed from emory university, that one looked like it also promising, it has yet reached human trial but it can be taken oral i, it migh orallye equivalent of something like the tamiflu. david: doctor a quick last question. gets into politics a little bit, china as you know some chinese political officials have been claiming that united states actually brought the drug to china in a meeting last fall, then the counter point is that some people are there -- stories about chinese laboratory in wuhan that developed.

any truth to any of those stories or possibility of truth? >> i think that there are always conspiracy theories with outbreaks, i personally do not have any belief in them, i think they are fundamentals false. probably came from live animal market, with the bat, it now the world, it our's now. david: dr. stephen morse thank you very much. >> thank you. david: in 2020, there are no candidates or campaigns in sight as 3 states, go forward with their planned by marries -- primary, ohio governor postponing the state a contest. >> we didn't want to put ohioans as risk, we have 35,000 pollworkers to takes to put on an election. i am sure our viewers have

experienced wonderful people, some have been doing this for a long time. some are older. moras rismore at risk individuas is a virus that sometimes people can't tell they have it they could be a spreader without knowing, that having our pollworkers work for 13 straight hours, it made no sense, and also a risk to those people who are voting. >> stay with fox business for latest on slough of primaries, coming. >> first, past food chains doing their part to decrease spread of coronavirus. what mcdonald's and other big restaurant chains are doing right now. former head of fast-food chain, cd, andy puzder is joining us e next. because your investments deserve the full story.

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play places to help limit spread of the coronavirus, grady trimble with the latest from chicago. reporter: mcdonald's and membership other restaurant chain -- many other restaurant chains telling their customers, you can order your food here, but you can't eat it here, go through drive-thru. restaurant stock hit particularly hard today on a day when rest of market saw gains. drawing your attention to darden restaurants and blooming brand, they have mostly sit down restaurants, because of that, they saw massive losses today. many met with president trump today who encouraged them to encourage their customers to take advantage of options like delivery, take out and drive-thru. i spoke with a customer today, a manager said they are down to

bare bone staff, and layoff employees because of the changes how they do business. >> they have it cordoned off, chairs on the tables. and it very -- you are aware you cannot sit in there. reporter: and not just big chains, the local restaurants too, like here in illinois and new york have closed restaurants. where you dine in, same today in austin, texas, delivery services trying to help outdoor dash and grub hub waiving commission fees, they could be as high as 30% for local restaurants, uber eats is not having customer may local delivery fee to help the businesses that are really just struggling. david: all right, grady thank you. >> and president trump meeting with restaurant executives today. >> this morning i spoke with

executive from america's fast-food industry. talking about pickups in light of yesterday's guidance, you heard. to avoid eating or drinking in bars and restaurant or public food courts, we committed to getting small businesses the support they need. david: hire former ceo of cke, restaurants, andy puzder there are thoses of smaller -- thousands of smaller restaurants that cannot meet more than a couple week's payroll, what are they going to do. >> it real tough, particularly the dine in. even with meblg mcdonald's, majy of their restaurants are owned by small men and women, franchisees, these who really suffer are those who depend on dine in, like bloomin brands and

red lobster. if you have a business, this has been increasing more people use drive-thru and third party deliveries, you will find i think in fast-food sector if they cut staff, down to drive through and delivery, maybe curb service you will see more of those survive. it will dine in people with the problem. david: you know, even those that do survive. and beyond just restaurants, a lot of jewelry stores and retail establishments, the president talked about how they will have a tough time coming back. they may have to restrain people. that left, had to feed their family, there are a lot of costs to coming back in to business. >> yes, there are. no body wants to have to go through that, the government will have to come up with support, president trump is doing all he can to support the businesses and individuals, but i think that american people

could do something, i have an opinion piece on fox business this morning, proposing we have a smal small business saturday,o out try to buy gift cards from favorite local businesses to help them through this time, not so much that you will redeem the gift card, and a great advantage to you, but, it something that could help the businesses right now, key can't depend on government for everything, the american people need to step up and be supportive of the businesses, as soon as we can, all thato line. -- that on-line. david: a terrific point, president talked about pent-up demand after a month or a couple of weeks pent-up we'll want to get out and shop and eat out. is that going to be enough to turn this around quickly? so we come back fast? >> i think we'll see a real surge when this is over, i am not -- i am 69 years old, i have asthma. i have quarantined myself, my wife and i am i have done this a

week, i am clawing at walls to get out do something, a restaurant or bar, i think that once this dies, we see number of people who are newly infixed with this disease, decline as we've seen in china. and taiwan, and south korea, 1 we see, that or there is a therapeutic or a vaccine, you will see business, leap back, i think you will see stock market resurging and things get back normal over time, we have to come together and get through this. david: it has happened before, we've seen that. andy puzder thank you so much. >> thank you. >> i hope you are not pent-up for much longer. >> me too. david: will administration and congress agree to an injection of over a trillion into the economy? can we afford it.

david: we have a live report from capitol hill with latest. we ask ohio republican congressman brad wenstrup when he makes of this, coming up next. there's smart and then there's street smart, like a hybrid with best in class

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plan. david: netteds super star -- nets super star kevin durant is one of the 4 players on the team who toasted positive -- tested positive, he is feeling fine. >> discussions underway in senate over revised coronavirus stimulus plan. fox news congressional correspondent chad pergram is following the action, what do you hear? reporter: > mnuchin has come too

hill twice in less than 24 hours, the trouble, remember in wee hours saturday morning house passed original coronavirus bill, then moved a technical correction bill monday, those bills in senate, and senate majority leader mitch mcconnell cannot pry those loose, they are trying to get an agreement. here is what lindsey graham from south carolina said. >> there is no chance in hell we'll make this bill better in the senate, and i think given where he was at this is a good bill. i support this bill, i am ready to vote on this bill. reporter: mcconnell said his fellow republicans there was therthere are short coming his advise is to gag and vote for it anyway. a chuck schumer said don't forget the little guy. >> i think about in my state

broadway, what do i think of? not people who can't go to the shows, what about people who collect the tickets? clean the aisles, work back stage who are not working, not getting income. reporter: schumer will be key to this process, you have to get 60 votes in senate to over come a filibuster, they will have to work with senate democrats and get this through house of representative, right now idea move new bill, kick it back to house, house is not here right now, they would come back that is why mnuchin today, began the rounds of telephone calls with house speaker nancy pelosi, he spoke with her twice today. david: chad pergram thank you. >> well administration also pushing an economic package that could include tax rebate, payroll tax cut, grants and loans for small businesses and relief for hard hit cities and individual rag wage earners cos0

billion, we bring in congressman brad wenstrup. congressman, is the administration going too far or not far enough? >> well, you know w we can't afford to do i ising nothing. i would like to see them pass that knowing there is more we have to do. administration understands that we understand that, if we as members of house of representative have to be called back in, we should do, that time is of the essence. assurance is what american people need, we. to make this clear, cree wealthy to do -- we will try too too this through a transition, we're looking out for small businesses and individuals, we want employees to not lose their. os and employees to either pay

their bills be able to pay or delay their bills, these are working on those, and will continue to do so, this is unique situation, we have to act in unique ways, i think a lot of good idea are coming forward, we trying to get it done, some quickly. mnuchin was talking today about this infusion of cash, he feels an urgency, we all do to make sure we get cash to people's hands, we want a smooth transition. david: you mentioned something, we said hello. that perhaps food stamps or the card the ir the irk questioncarr take out at restaurants. might be -- i would make a

special allowance for that. >> correct, it would take some pressure off of the grocery stores, and help the supply chain, going into the restaurants, many in ohio, our restaurants are closed except for carry out, this would help there and help with the employees of the restaurant, we have to be innovative, we'll continue to have good ideas. >> talking about the health issue, you have a director of health in ohio, ann acton said there could be 100,000 people affected by virus in ohio, that seems a little bit exaggerated in my eyes, but you are a physician, i am wondering if your medical system is prepared too deal with worse case scenario? >> you know, when numbers, first of all, i am kind of like dr. dirk, don'birck, i don't like pd

numbers there are all sort of different models but be prepar prepared. the hospitals come together to issues like this, being prepared who has what, how we can work together that important in every community. and we're fortunate in cincinnati to have that level of collaboration. but at same time, you know a lot is happening, it is matter of gets the test and et cetera, i think we have done a good job of making point known that we're trying to do is prevent as much as pea possible to stay below l. where the health care system would be overrun, it is putting elective case on hold, to be ready, there are bumps in road and things we can do better in future because of lessons learned. david: no better health system in the world, thank you, congressman. >> you bet. >> appreciate it, coronavirus casecasecases in u.s. on rise, k

with 1700 people infected, mayor dide blasio contradicting the governor's message this morning. wild ask fox news senior judicial analyst judge andrew napolitano about this and so much more, next. in the transportation industry without knowing firsthandness the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. that's why i go beyond the numbers.

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david: all morning new york city mayor bill de blasio was hinting he may follow san francisco by ordering a shelter in place quarantine, in city, but this was shot down by new york governor cuomo at a 10:00 a.m. press conference. >> people spread rumors. well maybe, you will quarantine new york city. we hear new york city is going to quarantine itself. that is not true. that cannot happen. it cannot happen legally. no city in the state can quarantine itself without state approval. and i have no interest what so ever no plan what' -- what so eo

quarantine any stay. >> mayor de blasio held a press conference he suggested that shelter this place is still on table, could he overrule the governor? we ask fox news sense why are judicial analyst judge andrew napolitano, who makes the deciding decision here. >> governor is right. in a number of respects, nature of a quarantine would we quire irequire innew york state to que manhattan or the entire city of new york. they would require approval of the governor. and governor indicated they will not get that. david: reason this is a particular -- this is more than just a fight between a mayor and governor this say question of whether your government uses power of%fin persuasion or government. >> power of coersion would be so

expensive in terms a of a run on resources. at a time that tax revenues are down, and so invasive on civil liberties it would be so difficult. there are exceptions. how do you prove where you work? who will stop new the street. governor understand, that. this mayor, i don't want to compandumpo on him, he has a bad habit of making strong statements and changing his mind. david: not just this governor, but attempttation that some people -- temptation that some people in authority are exerting because, mayor in san francisco said shelter in place, the governor there is backing away. >> i call that totalitarian temptation attempttatiotism tako make very strong rules to show you can, you are doing

something. and you are correct. persuading people to best thing tto do is minimize their movemet is more effective than a cop on every door front in the city to make sure no on no one goes in d out. david: there is a cost to rule of law, makes public. it breaks up social contract. >> the laws now enforced, close the restaurant, close the bar. they were done by decree. as long as there is respect for them, idea of common sacrifice, people will comply. we know in some areas, they are not complied with because they are not laws, they are decrees issued by mayors and governors. >> in washington, d.c., a group of restaurants who are defying their mayor's order they close. they are opening. >> i am cheering them othey arey

are right under the law, they are right under constitution, if someone wants to take the chance of going in this restaurant this is their choice. david: president talked about self policing, always better than foreigner -- enforcement. >> correct, but that requires a level of understanding and prodding. >> judge andrew napolitano, thank you so much. >> my pleasure. david: some good news for movie lovers, get the popcorn ready, since you can't go see them, movies are coming to you, nbc universal announcing starting friday, you will be able to see films like the hunt, the invice i thininvisible man on home entertainment, and april 10 troll's world tour, i have no idea what that is, will be available at home. there good news there and dark time for retail. but that means primetime for amazon, more good news, how

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david: coronavirus has most american businesses bleeding but one is seeing a boom.

amazon looking for 100,000 new full and part-time jobs to support a surge in home deliveries all over the u.s. susan li with more on the good news story. susan? susan: big and small businesses have been impacted by spread of coronavirus and storefronts and long list of retail companies closing stores at least for the time-being. this afternoon, macy's says they're closing up shops across north america. ulta beauty doing the same. sephora owned by lvmh. and tapestry and kate spade and. apple might reopen on march 27th. now changing the schedule until further notice. adidas joining nike in closing stores. under armour we talked about as well and lululemon there is leg

hit to the economy as people are not shopping. amazon looks like there is spike in online shopping. as a result amazon is hiring 100,000 workers, full-time, part-time in the warehouse and delivery paying extra $2 an hour on top of 15-dollar minimum wage through april. amazon trying to make sure they have the essentials to ship for people that need it in the coronavirus spread. they say they are not accepting any non-essential items in the fulfillment centers. they say they are temporarily prioritizing household staples, medical supplies and high-end products coming into the fulfillment centers so we quickly restock and deliver products to the customers. we heard stories of run on clorox wipes and purell hand sanitizers. amazon is trying to make sure that they are ready and available for households that need it. guys, back to you.

david: amazon, thank you. we thank you, very much grateful for the trust you put in us and our whole team. stay safe. , god bless, happy st. patrick's day. see you next time. elizabeth: welcome to the show. i'm elizabeth macdonald. "the evening edit" starts right now. breaking news, pentagon, federal reserve, the white house doing everything they can to stop the coronavirus outbreak. defense secretary mark esper said the pentagon is ready to deploy the navy hospital ships and 16 labs to test for the virus to help the battle against the outbreak, and potentially call out more members of the national guard and reserve. this as new york mayor bill de blasio again warning the city's nine million residents should be prepared for a possible shelter in place within the next 4hours he has been duking it out with