connell: thank you, ashley webster. our panel, gary b. smith from kadena group, fox business contributor, paul after after very sawn know like some people working from his office. the day we saw today, compared to what we saw yesterday where the seem was if it is not nailed down i'm selling i need to raise cash. any differences in sentiment you're picking up in the market today? >> not necessarily. you know, i think, i don't understand quite frankly why people react in such a short-term, you know, viewpoint. you have to take a long-term view here. one thing i would say to the viewers you know, at this point this is a bad situation but i wouldn't panic. i would take a long-term view. as bad as it is, as bad as it may get, again we don't know, what is important to fully understand is that hopefully unlike say 2008 financial crisis this will be relatively short-lived event. we're hopefully talking months, not years. that is one thing people should keep in mind. maybe seeing a little bit of positivity in the markets today. this is both a publ

ashley webster looking at green in the market, susan lee following amazon, but first white house and blake buhrmann. reporter: treasury secretary mnuchin said today that damage would -- administration would like to see,00,000 -- dollar chs deposited to americans adults and another 500 if they have children. in part of this package they are negotiating and crafting with republicans, vice president chief of staff said they feel that phase 3 stimulus packages, could potentially makes it way to president's desk next week and be signed next week. president was asked today whether or not that trillion dollar figure is sufficient. >> we'll know about that later, we'll see what happens it -- so much depends on what is going on in this room in terms of the medical. if we can stop it in its tracks it plenty if we can't we'll have to go back and talk. reporter: to give you an idea how many industries are looking for help, afters president's meetings today. nevada governor asked for hospitality workers to be involved in relief package. and during anti an exchange with michigan governor open the

ashley webster is here to explain. es like this with millions of people losing their jobs, one of the most stressful aspects of this of course is not being able to pay your bills. the biggest bill of all often is your mortgage. but the big banks are offering some reassurances. in fact, bank of america says it has received already 150,000 requests to defer payments and they will help. you know, you've got citi, jpmorgan chase, u.s. bank, wells fargo, bank of america, just to name a few that say they will allow you to suspend mortgage payments for 90 days. you must enroll, though, in an assistance program. there will be no late fees and your accounts will not be reported as delinquent which is very important. so we reached out to some banks and here's what some of them told us. jpmorgan chase, if you have a mortgage with chase, they say, and have been impacted, help is available. our customer service specialists have already helped thousands of customers across the country by deferring payments. wells fargo, spoke to them

foxes ashley webster -- over the concerns of the economic impact of the coronavirus. >> reporter: stocks war, all major industries closing low, a selloff of stocks comes during a dispute amongst oil-producing companies -- countries. russia has refused to stop production on crude oil while arabi has increased its output, the process dropping more than 20%, making the biggest plum since the end of the gulf war. >> russia has been looking for an excuse to really inflict some pain on the u.s.. they feel that they are always participating in production cuts and support prices to the benefit of the u.s. producer. >> reporter: meanwhile stocks fell 7 present monday morning, the drop tricking a halt in trading for 15 minutes. >> reporter: gives people a chance to stabilize, get the buyers who are interested involved, sellers interested involved, just gauge of the emotionality of panic mode. >> reporter: the stickers are dealing with uncertainty -- this resulting in new lows free 10 year treasury yield. there warning people not to panic. >> we will overcome this, when we had a vaccine it will be

correspondent ashley webster. you have been working furiously, and i'm handling the first part of the show. what is breaking? >> you may have noticed it's come back a little bit. now we are coming back a little bit, of course it comes to something when you say we are down to 8800 and improving. the federal reserve will indeed provide $500 billion of what they call short-term bank funding. also they will be buying securities, as well. this is the news that the markets were waiting for. in other words, the bank says thwegot your back. we seen this from the ecb in europe and the bank of england. >> harris: i want to step in for people who might be eating lunch and they put their sandwich down and they say, "why do i care about the banks," the reason we care about the banks is when they give you their loans, and mortgage percents -- they make less money. what does that do to the overall? >> it makes you worry. when the economy starts to shrink, people are not going to want to expand. businesses, certainly in the oil i

i want to bring in ashley webster of the fox business network.at word a lot, "recession." a lot of people think they can read the tea leaves. first of all, remind us what a recession is and how we watch out for it. are we really there? >> there are many economists that will say yes, harris. technically, a recession is two quarters of negative growth, where the gross domestic product actually goes backwards. if you have two quarters in a row, then we are in a recession. who knows what that gdp is going to look like, certainly in the second quarter? i think there's many out there who say yes, given the fact that we have essentially shut down the u.s. economy in order to stop the spread of the virus. the pain on that is of course that the economy has gone nowhere, has gone backwards. manmany, many businesses have bn teetering on the edge. it's all about buying them time. finally we've got this stimulus bill passed. we need to get it out there as quickly as possible. >> harris: have a quick question for you. i do have to scoot quickly. but why isn't

cheryl: ashley webster, thank you so much. that's it for "making money." "the claman countdown" starts right now. cheryl: i'm cheryl casone in for liz claman. liz is working from home under self-quarantine. she is going to join us in just a minute. markets are selling off, one day after the dow made a successful exit from the bear market in record time, but investors hitting the sell button after the greatest three-day rally in almost 90 years. we closed that one out yesterday on "the claman countdown." now we are looking at some red arrows but remember, we are up about 14% for the week. take a look at those numbers. the dow is down 538, s&p, nasdaq red as well. now, right now, i want to show you live pictures of the white house. we have just been told that we are going to be waiting for the president to sign the $2 trillion coronavirus stimulus package, the house just passed that about an hour ago. liz is going to have some info on some of the beaten-down businesses left out of the massive rescue plan. we are watching the white house. we are going to brin

ashley webster, fox news. >>> we'll continue our coronavirus coverage with the financial proposals being discussed by lawmakers to try to ease the impact of the outbreak on the american economy. we'll have details after the break. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ all we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ i have moderate to severe pnow, there's skyrizi. ♪ things are getting clearer, yeah i feel free ♪ ♪ to bare my skin ♪ yeah that's all me. ♪ nothing and me go hand in hand ♪ ♪ nothing on my skin ♪ that's my new plan. ♪ nothing is everything. keep your skin clearer with skyrizi. 3 out of 4 people achieved 90% clearer skin at 4 months. of those, nearly 9 out of 10 sustained it through 1 year. and skyrizi is 4 doses a year, after 2 starter doses. ♪ i see nothing in a different way ♪ ♪ and it's my moment so i just gotta say ♪ ♪ nothing is everything skyrizi may increase your risk

ashley webster on what ford is doing right now in that regard with some other big names in this countryeed. hey, neil. they were hoping to open, by the way, their north american plants ford, on march 30th. they said that's not going to happen until further notice. as you say, the car company is now hoping to produce ventilators and respirators to help in the fight against the coronavirus. they are actually teaming up with ge health care and 3m to get the job done. the head guy at ford, bill ford jr., calling it project apollo, saying it's on a fast track. take a listen. >> we are going like hell. yes, we are. we are working with ge on ventilators, working with 3m on air purifying respirators. we are doing our own face shields. we are also 3d printing the n95 masks. we got four different work streams going. we are going as fast as we can. ashley: what are they doing? ford working with 3m to ramp up production of the respirators plus perhaps come up with their own design that ford could build at one of its plants. it may also incorporate in that design interestingly fans you would find in

ashley webster now on some of the big banks that are trying to ease the blow for those that have billsll. in california alone, in just the last two weeks, more than a million people have filed for unemployment. it's the same story across the country as we saw from the numbers today. than means paying bills is getting difficult to do, especially the biggest bill of all, your mortgage payment. now a number of banks trying to offer some reassurance, in many cases they are allowing you to suspend mortgage payments for 90 days. if you enroll in assistance program, there will be no late fees, either, and your accounts will not be reported as delinquent. in california, as you can see here, citi, jpmorgan, u.s. bank, wells fargo have all agreed to delay mortgage payments for 90 days. bank of america, by the way, has agreed to a one-month deferment but that can be extended on a monthly basis. it's not just california. we reached out to jpmorgan chase, u.s. bancorp and wells fargo and they say the mortgage relief program is nationwide, a rep telling us quote, we can only provide an industry stan

ashley webster joins us. ashley, what do you have? ashley: let me tell you, stu, it is very interesting, i think of course we have this two trillion dollar stimulus out there but the biggest question that has been hanging over the market, and everyone else, it is great to have a safenet if you like, but how long is this going to go on, how big will the damage be and how long will it take to recover? i think that hangs over the market and everybody else. we know we'll get through this. the question is when, and how much, and how quickly can we bounce back, even given two trillion dollars worth of stimulus, there are still a lot of unanswered questions. stuart: can we reopen parts of the economy in 2 1/2 weeks time, as the president said he would love to do. that is a work in progress. andy puzder with us, andy, i will go quickly into some of the money funneled out into the economy. 2400 checks for individuals, 2400 for couples. 350 for small business, 500 billion to the corporations, 150 billion state and local governments, increased u

i'm ashley webster in for liz claman. let's start "the claman countdown." ashley: we begin with breaking news. united airlines says it is cutting domestic and international flights by up to 20% in april, all in response to the slump in travel demand caused by the spreading coronavirus. the carrier also parking some wide body jets, also offering staff an unpaid leave of absence. united, the first u.s. carrier to actually cut domestic flying. check in on the stock, down a third of a percent. $58 a share. >>> billionaire mike bloomberg set to make a statement after suspending his presidential bid. he's walking to the podium now. he had a pretty dismal performance on super tuesday. let's listen in. ♪ >> well, hello, bloomberg 2020. you know, i decided we had the slogan wrong. it should be mike likes you. thank you. thank you, everyone. not sure what to say other than thank you to everybody here who tried to make a difference, and mayor nutter, mike, you really have been amazing. where are you hiding? hiding in plain sight. these past few months have been some of

ashley webster following all those cross-currents and developments. ay, as ashley was just getting ready for that hit there, governor cuomo of new york is speaking at i believe the javits center to talk about sort of repurposing that as sort of like an emergency hospital of its own. it's certainly large enough. let's dip into this. >> and basically shutting down the economy where we only have essential workers who are now showing up who keep society functioning, food delivery, pharmacy delivery, et cetera, transportation services. that comes at a tremendous cost. i understand that. and i understand that many people aren't earning an income and that put an additional stress on them and their families. sometimes in these positions you have to make difficult decisions. this was a difficult decision. but my adage in these disasters, emergencies, has always been do everything you can, prepare for the worst, hope for the best. this is a public health emergency. this is a matter of life and death. the economy, we can fix. you know the old expression a rich pe

fox business' ashley webster will join me. ♪ ♪ >> harris: just days after the u.s.d that historic peace deal, the insurgent group is ending its reduction of violence. that's what led up to the deal in the first place, that reduction. this, as afghanistan's president's ruling out a prisoner swap with the taliban that is folded into the deal we cut with them. top u.s. military brass were speaking about at the pentagon earlier. >> i would caution everybody to think that there is going to be an absolute cessation of violence in afghanistan, that is probably not going to happen. it's probably not going to go to zero. so this is a significant step forward, this agreement. and it's going to lead to inter-afghan dialogue and ultimately leads to a peace agreement. >> harris: greg palkot, he joins us now live in kabul, afghanistan. greg? >> yeah, harris. having said that, the general, that is, that u.s.-taliban peace deal could in fact be in a little bit of trouble on the ground after a seven-day partial truths leading up to, the paladin dell mike tobin is resuming operations

ashley webster, bloomberg will speak soon. any idea what he will say?ho those same thoughts. it its clear i can't get to -- the math is not working for my nomination. i will throw my support behind joe biden. moderate setup of joe biden, setting up against socialist bernie sanders. it is fascinating stuff. we will be taking that press conference. it is scheduled for the top of the hour. we'll of course bring that to our viewers. we'll follow the very latest on the coronavirus including a fox business exclusive with a dr. jacob glanville. he was featured in the netflix documentary "pandemic." he is working on a cure. we'll get his thoughts on handling the coronavirus where it can go from here. the all-important last hour of trading. i will try not to blow this rally and do my best not to. charles: thank you, ash. make sure you tune into the "claman countdown." it is the most exciting hour of the market at the top of the hour. >>> while health care stocks are popping, there is cautious tone to this market, folks. next i have two guys who know a thing or t

office and as we wait let's start with fox business team coverage of all of her top stories, ashley webster in new york, hillary vaughn on capitol hill where they debated the bill today and hillary we start with you, they passed it but not without drama. reporter: lawmakers had to make a mad -- to d.c. overnight to make sure they had enough members so if anyone on the house for today try to challenge and call for a roll call vote or quorum that is an essentially an attendance tally to make sure the attendance did not fail. most lawmakers were social distancing yesterday at home in their own districts, a lot of them took pictures and posted them on twitter on their travels on empty planes on the way here and some decided to drive out of safety from several states away. one congressman in south carolina undersell quarantine experience some symptoms of coronavirus including loss of taste and loss of smell and today he could not make the trip after his test results came in. >> because of the mild symptoms, i was tested yesterday for covid-19 and today i learned that i tested positive. >> today'

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ashley webster is here. what are you hearing now, ashley? >> you know what, cheryl, the 27 country bloc is enforcing a entry ban for the next 30 days. the european union says unless you're a member of the european union you cannot come in. that has happened, had an impact, passengers coming in from -- to germany from turkey were turned away at frankfurt airport. latest numbers show 3400 people have died in europe alone. italy has seen the highest fatality rates. close to 3,000 deaths there. spain the second hardest hit with 623 deaths. border checks, as we know, the eu is supposed to be free movement. there have been border checks reported on the spanish border of france, poland, germany as well. poland has seen traffic jams up to 25 miles long at some of the crosses. it is an absolute nightmare. eu officials says those border checks have to be eliminated because too many people are just stranded within europe. more draconian measures in europe taking effect. belgium introducing a lockdown for its 11.4 million citizens. italy, france, cracki

ashley webster. when you lo ok at groups that have been hard-hit by this coronavirus situation, they are far-flung. certainly leading the cast of characters through no fault of their own is the likes of the airline industry. number two to them, the hotel industry. hotel owners association president and ceo says there's a looming liquidity crisis for some of the nation's premier hotel owners, not necessarily just the premier ones. where do things stand right now as you see them? >> thank you very much. good to be with you. i have a great job. i go to work every day with 20,000 entrepreneurs who are living the american dream, many of them first, second, third generation americans. through our association, we represent them, we are the voice of america's hotel owners. lot of people don't yrnd staund when you check into a hotel it may say hilton or marriott. in reality it's a franchise owned by a local person, joe hotelier, trying to make payroll and pay the mortgage like all small businesses across amer

my colleague and friend, ashley webster. >> hello, stranger. haven't seen you for a while.urope we knew, schengen zone and free movement we know is no longer. we're seeing shutdown of borders and shutdown of nonessential travel. spain, fourth most infected nation as you mentioned behind china, italy and iran. stuart: that's a real shock because europe prides itself on no borders. >> yes. stuart: you can cross freely, that is the name of their became, open borders. >> not anymore. germany has borders open with netherlands and belgium but rest they do not. interesting, bbc reporting that they saw a memo in france macron will address the nation in france, their belief in france we don't go with radical confinement containment. they're expecting 30 million people to be infected, it will hit the peak in 50 days. that is according to the french health ministry, if people don't pay attention to the warnings self-isolate, shut businesses, don't go out. stuart: that is total lockdown. >> total lockdown. stuart: for entire population of france. >> a big country. stuart: if they don't

ashley webster. go. live for, stu, you know that coming in this week, 3.50%, 3 1/2%. that is down from 3.65. it actually is, for first time in three weeks the rates have actually gone lower. the reason is, i think the belief is that the fed's moves have helped stablize the market. real estate demand though says freddy is softening but the fed actions and pending economic stimulus it is believed will help provide substantial support. there you have it, 3 1/2% on the latest 30-year fixed mortgage. stu. stuart: well good stuff, ashley, thanks very much. seems to me the housing market is stalled in this environment right now. let's bring in maria, as in maria bartiromo with "mornings with maria" joining us on the show. good morning to you. would you follow up on this. we got some pretty bad unemployment numbers this morning, 3.28 million. you reported it on your show. yet we have a bounce for the market again. we're up 600 right now. seems like the market shrugged off what was expected to be bad news? >> abs

susan li, lauren simonetti, ashley webster all join me from very different locations. we are keeping maximum distance between us. there you can see. good morning, everybody. let's get right to it. yeah, yeah, slight delay there. good morning, everybody. all right, let's start with your money. market watcher keith fitz gerald with us now. keith, the fed's taking action, congress will probably take action very soon. is that enough to put a floor underneath the market? >> you know, you sure hope so, stuart. i think the fed had some very key words in its announcement, any amount necessary. that tells me they are very serious about this. it's a good sign and a good time and being a positive guy that i am, i would like to believe this is the light at the end of the tunnel, not another train. stuart: well, they are going to throw the kitchen sink at it. that's bottom line here. mnuchin says look, to congress, i think it was mnuchin, treasury secretary mnuchin who said look, there may be a phase four going forward, because if what they've got going now isn't enough, they will

ashley webster on more of what we have to be thankful for. ashley: we certainly do.a thought, if you will, for those who are in the gig economy. an estimated 15 million americans make their living on gig economy jobs. as we have the health department and your government telling you, whatever you do, avoid face-to-face contact, that's exactly what these workers do for a living. it's also exposing, of course, the very fragile situation they are in. they are classified as freelancers for the most part. they have few protections like guaranteed wages, sick pay, health care, all of those things that of course are very critical in a crisis. of course, in this situation, their earnings have plummeted as social isolation is being touted. now, there is some help. uber, lyft, instacart, door dash, for instance, say they will pay their workers 14 days' worth of wages if they do have, in fact, the coronavirus diagnosis and have to stay home. also, a number of companies including door dash and uber eats say they have introduced this no contact delivery service so they don't actua

let's get to ashley webster. the kohl's numbers are out. ashley, over to you. >> they are indeed.e expecting earnings per share of $1.88 on adjusted basis, coming in at $1.99, so a nice beat there. revenue a beat, the estimate was for $6.52 billion. this is interesting because kohl's third quarter earnings report was frankly dismal. what we can tell you, though, is their same store sales were flat which is what was expected. in fact, the estimate was for down a tenth of a percent. the full year outlook on comp sales or same store sales they say up 1%. down 1%. i would call that flat as well. they called 2019 a disappointing year, saying the financial results did not meet our expectations. gross margin they expect for the rest of the year is going to be down 10 to 20 basis points. but again, overall on the headline numbers doing very nicely but the outlook looks rather flat to slightly lower. maria. maria: this is what we keep seeing. it really is the outlook that is unnerving investors, the stock is down 3 and a third percent as we await this g-7 call where we will have the financ

let's get more ashley webster is with me. if you look at the shot it looks like the man is outside but -- i don't know whether he's outside or not. ashley: i am. i am. stuart: ashley, yes, you are, tell me about this travel advisory for people leaving new york, new jersey and connecticut. ashley: yeah. the cdc has said they would like people living in basically the tristate area, new york, new jersey and connecticut, to refrain from non-essential travel for the next 14 days. in other words, if you don't have to travel out of the area, please do not do it. it kind of comes after the president walked back his comments that he was considering a quarantine of new york. that drew the ire of new york governor andrew cuomo who says that's like the federal government declaring war on us. so that's not happened. but the cdc says those people living in the tristate area, please do not travel but it does not apply to critical workers and those that are needed to keep the infrastructure in place. stuart: ashley, can you tell me 'the roadb

come in, ashley webster. give me more on boris. ashley: well, first it was prince charles. now it's boris johnson. the number 10 downing street putting out a statement saying that after experiencing mild symptoms yesterday, the prime minister was tested for coronavirus on the advice of his doctor. it was carried out, by the way, that test at number 10, and it came back positive. he is self-isolating, we are told, and continuing to lead the government's response to the coronavirus. of course, what happens if he cannot continue, if he needs to take a break? then the foreign secretary domenic robb would step in. we reported almost two weeks ago that britain's top health minister has also tested positive for the coronavirus. just goes to show you, doesn't matter who you are, you are vulnerable to this virus. stuart: got it. we will go round the world and see what's happening in various parts of the world. first to susan. president trump, china's xi jinping, did they speak recently? susan: they did last night, 10:30 p.m. eastern time, apparently delaying the phone call which was

ashley webster, what else you have so have? ashley: i want to talk about the latest from florida. supposed to go to the polls tomorrow. i want to update people who are just joining the show. florida health department says it is okay for poll workers to work and for voters to get out tomorrow. i'm not so sure how long that's going to stay in place but as it stands, they are being told it's perfectly fine to get out and vote tomorrow. the polls are open. you mentioned it, but poll workers are showing a resistance to maybe showing up. based on all the headlines we are getting hourly from state and federal government. stuart: that will affect the turnout. especially older people. ashley: it would cue it. stuart: and the result. if older people are less willing to go to the polls tomorrow, i would suspect that takes votes away from joe biden. if the early votes are the ones that really count this time, i suspect that helps bernie sanders. ashley: interesting, isn't it. that's at this hour, the last five minutes. we have to wait and see whether that changes. they could decide because of

i'm joined by susan li, lauren simonetti, ashley webster. we are all keeping great distance between us. we are all doing well, locked down as we are. i see smiling faces all round. i regret to say, however, that i am gaining weight. sorry about that. i hate this. ashley: aren't we all. stuart: at least you're honest. well done, everybody. more on this later, i promise. we will get started with this possible return to work early. scott shellady joins us. scott, i think you want this. you have been arguing for this. spell it out. >> yeah. we've got to open up america, open america up again. the things you just listed at the top of the show about the money, that's all well and good what the government wants the throw at everything and i think the stocks might like that just a little bit. but what they love is the prospect of opening up the economy again, stuart. i mean, every day that goes by is more and more drastic. i don't want to be too dramatic but i took a car to the studios here this morning in scottsdale, arizona. they fired 25 of 28 dr