let's talk to blake about that before we get a playback. blake are you there? reporter: connell i was inside of the cabinet room with the president, the bank executives, other interested parties. the headline coming out of it, tonight, 8:00, somewhere around there, president trump will made a statement about decisions he has made. as we left the room i asked the president will these be economic health decisions and the president looked at me and said both. so it appears if in about four hours time we'll hear from president trump exactly what he has decided to do next on some economic measures and what he has decided to do next on the health care front. the health front as well. it was very interesting listening to all of the major bankers sit around the room and the basic message from them is, that the economy and specifically the banking system in general is sound, is strong. that they are liquid. that they don't have credit fears. they still see economic growth. they have acknowledge this is a very difficult time that the country is going through, they say th

we're going to start with blake. reporter: hi, there, we had known for about a day now that the trump administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. now we know what they are thinking of, how that trillion dollars might be divvied out. according to a treasury department document $50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what is deemed as critical sectors of the economy. on top of that, there would be $300 billion in small business loan guarantees, and, there would be $500 billion in direct payments to americans. half on april 6th. half six weeks after that, on may 18 this, 250, 250. the direct payments would be based on income level and family size. when you do the math, that works out to roughly $750 for every american for each of the two payouts. i ran those numbers by the president earlier this afternoon and he acknowledged this whole trillion dollar plan is still

if you've got anything going on blake a car—boot sale or charity events, or whatever just come on blakets, or whateverjust come in. wednesday at lunch time reception would be packed. it went crazy, it was like pop star stuff. there was a figure there that played their music, and elicit on the radio to it. those days are gone. there were evenings where i would cover up the flashing lights of the phone and with the cd because i did not want to take any more calls, and then you see to take any more calls, and then you see the usage or light flashing. go out to reception and the police are there because people have called the police to say they couldn't get through to plymouth sound to put a dedication on. i will always remember that. it was not like going to work, i never worked from 1975 until gw art sacked me. to work, i never worked from 1975 until gw art sacked me. the board decided to accept an offer from gw are radio to buy us. it was bottom line up, nothing to do with talent, just make this and do that. it failed. our great philosophy meant to be for the community, with the communit

back at the white house, blake burman with details what we're learning about that. blake? reporter: president trump and the white house are trying to figure out exactly what these economic stimulus measures could look like as a response to the coronavirus. to that end the president left the white house, went up to capitol hill, had lunch today with republican senators. so far the president and the treasury secretary mentioned a broad range of potential options for a package including a payroll tax cut, more on that in a second, small business loans, paid leave, deferred tax payments and help for the airlines, the cruise lines and the hotel industries. now fox was told at that meeting today up on the hill the president floated the idea of bringing the payroll tax down to zero. both for the employers and for the employees as well. we are also told that here at inside of the white house that some advisors, some within the white house are embracing the idea of maybe extending a payroll tax cut all the way out to the end of the year. after that meeting with senate republicans t

blake berman has the very latest from the white house, blake. blake: hi, there, david, i was told that president trump to declare national emergency today. we know that the president is holding 3:00 o'clock news conference which he tweeted about earlier today so we will see the president before the cameras 3 hours from now. national emergency likely to involve the stafford act, not to get complicated. stafford act involving fema and resources that come with fema. bottom line the president to be taking next step which would be declaring a national emergency as response to coronavirus. there were reports earlier today out of brazil that the brazilian president bolsanero tested positive for coronavirus. the reason why it's important because the brazilian was at mar-a-lago, there were dinner there, however, bolesnaro has gone on fox within the last 30 minutes and said that his father has not tested positive for coronavirus. in any event it's going to raise a lot of questions as to the president being tested and what might next steps be from that. we

blake blake burman, thank you very much, indeed, sir.ring in economist brian wesbury we heard from blake burman, four billion for the cargo people, tax breaks and loan guaranties. that amounts to what we used to call a bailout. i think the bailout is legitimate. it is not fault of airlines that we are in such dire straits. fault of the banks when they got in trouble some years ago. this is different kettle of fish. would i like to see it going forward. what say you? >> when the government is slowing everything down, stopping flights from europe, stopping results from china, it is not their fault. if this is about getting over the virus, if you have to hurt companies, hurt restaurants, at least their revenues and employees i think the government does have to step in. it is like that, treat it like the flu and ignore it see what happens. we decided this is way more serious than the flu. neil: i think the government has to step in to help people directly hurt by the virus through no fault of their own. sidelined hourly letter workers. i'm c

blake, it's quite a map. this is something we saw you tweeting about saying, yes, life is complicated and people may still want, shall we say a more population agenda than joe biden has backed and they're leaning towards biden. >> 18 states have voted so far. 16 had entrance and exit polls and were asked would you replace the private health insurance system with a single-payer system? and in every single state among democratic voters they chose a single payer. this is alabama, tennessee and northern ones. to your point oaboabout going te biden, often they don't vote on policy. sometimes it's temperament, the person they've known or other things. and that's clearly evident by this trend. >> melanie, where do you see this going? and joe biden may be still arguing this is his final shot. and you can keep moving left and that going to the political question a lot of people have their eye on, which is who does joe biden go to for his running mate? the hillary clinton model, find someone you would barely notice. i

. >> johnson blake is in westminster.tain's politicians to practice what they preach. >> yes, the crisis has come the heart of government with boris johnson testingositive and the health secretary also doing so, the two leading figures hereho we in charge of the governments response fund themselves having to self-isolate and for all the technology and cooperation that is available to them, this will nevertheless be a challenge for the government and there are a difficult days ahead not just for the prime minister and health secretary, but for those in the -- who are tasked with dealing wh the coronavirus. chris witty showing symptoms, so he will be self-isolating. it issu not a hugrise that it has found its way into government because as we know the spread of the bars is very broad. there was little how e government is going about making sure more people don't find themselves contracting this disease beyond putting in place social distancing measures that the government has urged the public at large. yond i, if we were to

fox business's blake burman is live at the white house. blake? reporter: melissa, earlier at the meeting at the white house president trump defended his decision to essentially shut down all foreign travel from europe into the united states. the president said the coronavirus is spreading too rapidly and too widely in europe. the president saying first and foremost this is a public health matter. goes well beyond whatever might occur in the stock market. >> i don't want people dying. that is why i made these decisions. whether it affects the stock market or not very important but it is not important compared to life and death. so i had to make that decision and, frankly the people that are professionals praised the decision and it is something i had to do. reporter: at several points today as well the president also talked up social distancing. the president himself will not be flying for stops to las vegas and colorado over the next two days. his campaign today, also, his campaign, rather, also postponed an event for next week. the president say

we turn to blake essig now joining us from tokyo. and, blake, japan is still reeling from criticism over its failed quarantine effort on board the diamond princess cruise ship. and now, it's trying to contain infections across the country. what's the latest on that? >> well, rosemary, the good news about the diamond princess saga is that it has now all but finished. just yesterday, the captain was the final crew member to disembark the diamond princess. before he did that, he made one final announcement over the intercom saying, good night, diamond princess. before blowing the horn. now, he and several crew members are here in japan at government-run facilities doing a 14-day quarantine. but you're absolutely right. as far as the admitted failed quarantine on board the diamond princess, and really the criticism being a slow response by the japanese government just in the past week, that the idea of social distancing has been the main focus for the japanese government. people are working from home. they've recommended the closure of p

melissa: blake, thank you. now over to edward lawrence on. stimulus bill. edward. reporter: melissa, when can we get our money? that is what a lot of eligible americans are looking for because they're concerned about making payments. i'm told from the senior treasury official the irs started today to start processing those payments. this could take a while. because they have to go through 142 million tax returns, to see who is eligible first. see if there is direct deposit or a check is mailed out. this could take several weeks. senior treasury official tells me it will be april 17th, is when the first deposits will be made. beyond that, the next week you can expect a lot more. house speaker nancy pelosi saying late this afternoon she wants one more round of direct payments in a phase iv stimulus bill. that is where small business help, will come a little faster. banks that already have a relationship with them and a network is in place to disperse the money this friday small business owners can apply for a loan, that will be retroactive until february 15th. that a

connell: yes we are, blake burman live for us on the north lawn. thank you, blake. melissa? melissa: joining to us talk about all this, liz peek and gary kaltbaum. thanks to both of you guys for joining us. liz, anthony fauci, said it before, the problem when you give out a number that you own that number. now the president has thrown out there that he would like it to be back to business after easter. what do you think about that move? >> well, it is not going to happen but look, the potential is that we begin to relax some curbs on some businesses particularly states and communities where there hasn't been a big problem. there are many communities in the united states where business could go back to normal. there are places you can start up manufacturing as long as safety protocols, social distancing, so forth were in place. i can see that happening but i think, the president will have to temper the expectation, if it indeed is out there, by april, easter, we're back to work, everything is humming along. that is not going to happen. today we saw a lot of optimism, starting

blake, we start with you. reporter: connell, melissa, the negotiations get nearly two trillion dollar package at -- going on the white house, treasury secretary steve mnuchin, negotiating with top democrats. one of the top democrats he is confident this will get done. the white house had been hopeful this would get to the president's desk for signature at some point during this week. the vice president mike pence reiterated that timeline just a little while ago. >> president trump and i absolutely believe. sake of american workers, economy, seeing our country through the coronavirus, the senate and the house must act to pass the care act and pass the care act this week. it is time they got to work. reporter: we are now halfway into the new social distancing guidelines. over the weekend the president said we can't let the cure be worse than the problem itself. at the end of the 15-day period we'll make a decision which way we want to go. larry kudlow suggested today, that the economy would not be brought to a t

blake burman joining us with all the developments. blake? reporter: connell over the next hour or so the president's coronavirus task force was set to be meeting. this comes ahead of what is coming in the upcoming hour we're likely to hear from the president himself and members of the task force about the guidelines going forward. this was the end of the 15-day window that the social distancing guideline that the president and members of the task force had put in place. on sunday we heard from the president in the rose garden say, the social distancing procedures he would recommend and the task force recommended would stay into effect for the end of april. we're waiting to see the other guidelines, the other recommendations. for example, will they recommend staying in excess of six feet away from someone? gatherers, 10 feet or fewer? a couple of different items. we anticipate we should be hearing from the task force potentially in the upcoming hour. on the economic side of things earlier today though, the president weighed in as well saying

what do we know, blake?eporter: a lot of news here in washington, d.c., on both sides of pennsylvania avenue. let's start here, chairman, at 1600 as president trump wrapped up the fox news town hall. there is a lot of talk the last 48 hours or so, specifically of the president wanting to bring the economy back to normal, at least potentially where it was, start opening things up sooner rather than later. the president making a little bit of news a little while ago, saying he wants things to return back to normal by easter sunday, meaning 19 days from now. here is the president during the fox news town hall. watch. >> there were they'reries that we were going to stay out four or five months and you can't do that. i would love to have it open by easter. reporter: so the president there saying i would love to have it open by easter. one thing to keep in mind, cheryl, the guidance, the administrations president has put forward, that 15-day window end one week from today. it remains a question how much involvemen

that is according to the reporting of our own colleague blake burman. but getting to some of these travel companies i want to focus in on airlines because southwest airlines, for example, saying he will take a pay cut. he says in fact the coronavirus has chilled a lot of demand for flights. so that is not a huge surprise there we heard from delta and american earlier. delta announced a hiring freeze. the company is also cutting capacity. certain amount for domestic, certain amount overseas. i don't know if you spoken to anybody traveling lately. i have. they have pretty much the whole plane to themselves. it makes sense doesn't literally the airlines to be running almost empty airplanes. delta said liquidity is still strong. american cutting capacity as well. connell, back to you. connell: stay with us one second, deirdre. the cruise line industry as you were speaking. saw a headline on royal caribbean the stock price was halted due to volatility. >> we'll get more details own that. i will get back to you. connell: keep running on the hamster wheel. we'

blake burman at the white house. he has a lot more. blake?eporter: cheryl, we rant into the vice president's chief of staff, marc short. there are a lot of questions about the phase three stimulus program, the trillion dollar package the white house is trying to put together to coordinate with capitol hill. he told us they believe this could potentially put together and signed by next week. as you heard the treasury secretary steve mnuchin tell maria bartiromo earlier this morning, part of that package entails $500 billion worth of direct payments to americans. the treasury secretary said that would include 1000-dollar checks for adults and $500 for each child. speaking in the briefing room earlier this morning after the task force meeting, president trump was asked, if that trillion dollar package is enough? >> we'll know about that later on. we'll see what happens. it depend how long, so much depends on what is going on in this room in terms of the medical. if we can stop it in its tracks, the virus, it's plenty. if we can't, we'll have to

blake burman with more. blake? reporter: president trump just got back to the white house moments ago, he spent the afternoon down the road not too far away in bet bethesda, maryland. earlier today the president got what he wanted at least in part as the federal reserve reacted with a emergency rate cut to the coronavirus by dropping rates some 50 basis points. the president has been asking for the fed to jump in. however, the president responded today, essentially saying he didn't necessarily like what the fed did. thinks that they need to do more. says that the fed needs to do more easing and more cutting. so on his way to the national institutes of health just a little while ago, i asked the president what should the fed funds rate be? the president wouldn't necessarily commit to a number. listen here. >> the rate as you would call it is too high. it should be eased down so we're competitive. look, we have the greatest country in the world, we have the strongest country in the world. it's our dollar that the wor

blake, thank you very much. blake burman. >>> we've got 48 minutes before the closing bell rings. look at this. okay. we were just minutes ago up 783 points. we are still up about 768. looks like this market feels as if it wants to go higher, but no go for boeing. boeing is hitting new multi-year lows. we are at $222 change per share. the aircraft giant, the biggest loser on the dow 30 by far at this hour. today marks the one-year anniversary of the ethiopian air crash that killed 157 people and led to the grounding of boeing's 737 max fleet. shares are down 32% in the 52 weeks since this crash. >>> president xi faces the belly of the beast. a hospital in china's wuhan. the epicenter of the global coronavirus outbreak. xi declaring today to the world that his country has officially turned the tide in the fight to contain the deadly pathogen. whether you believe that or not, up next, the epidemiologist who says don't believe everything you hear and why she's sounding the alarm. no one, not just the elderly, should be thinking about taking a cruise right now. ucla's global health di

birthday suit by aaron blakely, aaron mallon, dion grand, savannah peach wood, jason clark and robins. have a nice day by billy crystal performed by justin garza, and after bending, billy crystal, rachel dredge, darrell hammond, krista jackson, kevin kline and a fool cast. "puss in boots" performed by jim nails, mark aldrich, nick sullivan, brian holden, meredith engle be, lynn north, john brady and johnny heller. the audie awards goes to random house audio for "angels in america". [applause] >> you guys have fun in audiobook land. the finalist for original works are. >> original work. evil i. narrated by nick toasty, bernard white and rita wolf. i eat men like air narrated by elizabeth fair, lawfully ever after, by stephanie bentley and miranda ray, narrated by stephanie bentley, henry kaiser, and aaron wilson. nevertheless we persist. by samantha macleod, rachel jan eddie, mary caroline smith, jackie rosen, francesca amari, rachel wiseman, k e white, beverly lawrence, carol schneider. performed by crystal lewis, emily barrett, suzanne -- madeleine blakely, lisa planner, carly robbi

and at the white house is blake burman. hey, blake. reporter: virtual ghost town in washington, d.c., and surrounding states here, maryland, virginia as well. here in washington you saw the scenes playing out fast and furious on the senate floor a little while ago as the politics of all of this is still front and center as we just witnessed. mitch mcconnell, essentially saying, the american people are going to be watching this upcoming vote, democratic no vote to stop this nearly two trillion dollar stimulus package. chuck schumer then taking to the senate floor after him saying that vote is quote, irrelevant because the real action is taking place behind closed doors and schumer trying to reassure, when all is said and done there will be a bill to put forth that democrats and republicans will be able to vote on, he believes, he is hopeful at some point later today. earlier this morning the treasury secretary steve mnuchin spoke with maria bartiromo about this package he says is approaching nearly two trillion dollars and the focus of

let's go live to tokyo and get the latest details from cnn's blake esick. blake? >> reporter: there are 33 cases just reported yesterday bringing the total to more than 300 across the country not associated with the diamond princess. when you talk about the coronavirus it continues to loom large over tokyo 2020, the summer olympics scheduled to start in less than five months. i actually had the chance to talk to the local organizers last night during a press conference. i asked them is there a threshold, a point of no return where if that number is surpassed, if that point is passed, would it derail the games? would you have to cancel or postpone the games, and what i was told was, no, absolutely not. that they've spoken with the ioc who just met in switzerland earlier this week and have received their full commitment to operating and proceeding with these games as scheduled to take place later this year at the end of july. now, when pressed with the potential idea of postponing or canceling the games the chairman of the local organizing committee said that it's a

jonathan blake there, our political correspondent.ead of the world health organization has warned that the coronavirus pandemic is rapidly accelerating. tedros adhanom ghebreyesus said there were more than 300,000 confirmed cases worldwide, but stressed that it was still possible to change the trajectory of the outbreak. he said it was critical to test every suspected case. asking people to stay—at—home and other physical distancing measures are an important way of slowing down the spread of the virus, and buying time, but they are defensive measures that will not help us to win. to win, we need to attack the virus with tactics, testing every suspected case, isolating and caring for every confirmed case and tracing and quarantining every close contact. the director—general of the world health organization. he also set out plans to put pressure wealthier nations to ensure developing countries are not deprived of vital medical equipment in limited supply. this week, i will be addressing heads of state and governments from the 620 heads

take this theory of blake's.st, there were news reports about a man named israel keys. he was arrested for murdering a young coffee barrista in alaska and later admitted he'd killed many more people, some in washington state. a serial killer whose family hailed from, of all places, a town just a few miles from chanin's house. well, why would you think it was israel keys? >> because he has killed over ten women. he admitted to four in washington. he was arrested a month about after my dad, so he wouldn't have been on the radar until then. >> reporter: serial killer? maybe. but here's the biggest reason they don't believe their father is a murderer. it was the children's bombshell. their mother had been keeping a dangerous secret, they said, a secret life, one austin said he figured out when he was just 8. >> she lived a totally different lifestyle. she lived her church lifestyle, her home lifestyle and her online dating lifestyle. >> reporter: to hear the starbuck kids tell it, that the mom known to most as a prim

does >> blake does. >> blake later retweeting the video of the little fan and he wrote, hell, rightblake anymore. >> anything he does. what have you got for a click. >> something cat owners will tell you, cats will jump and sneak their way onto any surface in the house when you have food on the kitchen counter, that can be a problem. so one guy decided to see if it's true that cats are really afraid of tinfoil. >> whoa. >> are you kidding >> see that tinfoil on the countertop oh, god, not going up there. >> wow >> is that real? >> yes >> do that one more time. >> slow mo. >> i smell food, i'm going to jump and explore and pounce on the food oh, my god, that's tinfoil, no. >> what's the -- >> they're incredible creatures. look at that >> it's like a force field. >> that's why they say cat-like reflexes. right there. >> yes >> that's a good example of it >> i learned a lot today in "pop start." >> you're welcome, buddy. >> every day. really inspire joan lunden is here with advice on infuse joy in our lives at any age. >> and we'll catch up with katherine schwarzenegger-pratt she's got

there is a nursing shortage, blake. blake burman at the white house. thank you for that live report. trading was halted for the fourth time in two weeks today as the s&p level one circuit breaker was triggered. that happened just before one p.m. eastern time. the dow jones industrial average now erased all of its gains since president trump took office. another big story though? we're following oil sharply down, hitting lowest level, since get this, march of 2002. all of that on fears of a global recession which could be at our doorstep right now. let's bring in commentary kaltbaum capital management president fox news contribute to, gary kaltbaum and heritage capital paul schatz. great to have you here on such a day. >> good afternoon. cheryl: gary k.., i start with you, these markets are messy, they're ugly, we have been here before. where are they at in your opinion? >> there is really no edge here because you really don't know hour from hour. i must tell you the one thing really hit me yesterday when the hilton and marriott ceo came out and gave ou

david: blake great reporting thank you so much. let's bring in our panel now. joining us today, jonathan hoenig, liz peek, gary kaltbaum, and zachary khaira bell. a lot of reaction from both sides of aisle on president's 30 day travel ban, including one unlikely supporter. >> president last night, i think took decisive and correct action needed, in addition to work that president took early yee, earli, president stopping flights from china saved lives. >> i think that travel ban has been warranted it will hurt the economy and hurt livelihoods, i don't think it is wrong, i think it is necessary. david: i think that public is so relieved when politicians, on different sides of aisle, talk together about working together. to fix this. >> we want to see that, not very much. but, travel ban, and i think a, appropriate with 400 flights a day from europe, that 140,000 people a day. that is a million a week. angela merkel said that 70% of germans will have to viral. david: she has been heavily criticized. >> she should be. if you are president trump, and people make th

many thanks indeed for that, jonathan blake, in westminster.glimmer of hope, with the number of new infections slowing for the third day in a row. the death toll is still very high. more than 740 people died in the past 24 hours. but the italian prime minister said he hoped lockdown restrictions could be loosened soon. france, meanwhile, is struggling to keep up with the speed of the pandemic. intensive care units in eastern france are becoming overwhelmed, with patients having to be transferred to other cities. lucy williamson reports. in places like mulhouse, it is the very ill who are leaving hospital. intensive care units here are overflowing, and with dozens more critical cases admitted each day, patients are being sent to marseille, to brittany, even to germany and switzerland, in a neverending scramble for beds. and one senior doctor told me that stocks of a key life—support drug have virtually run out. translation: our health system was not ready for this. i'm not sure there's a health system anywhere that's ready for it, because the sc

jonathan blake, our political correspondent.£46 million to help fight coronavirus — including research on a new vaccine against the disease. coronavirus testing kits are airlifted onto a cruise ship off the california coast — where 140 britons are among those in quarantine. the best friend of dubai's princess latifa says she's pleased a high court ruling has revealed the country's ruler abducted two of his daughters, and subjected his estranged wife to a campaign of intimidation. now, yesterday the high court in london found that the billionaire ruler of dubai — sheikh mohammed al—maktoum — abducted two of his daughters and carried out a campaign of intimidation against his former wife. in a series ofjudgements, the court overruled the sheikh's efforts to keep the findings of the case secret. sheikh maktoum has said that the judgement has only given one side of the story. the bbc‘s victoria derbyshire programme has been speaking to a friend of princess latifa and got her reaction to the ruling. i am very pleased with the news. i

along with blake and outliers, they have now downloaded on my kindle, talking to strangers. just a little bit into it, not that far but totally intrigued, i've also made certain that i have my 2020 farmer's almanac downloaded. things that you can't beat, you can't be good reading when it comes to the farmer's almanac. i love it. i keep track of it, i am a gardener. i love being outdoors so you got to have the farmer's almanac. >> what information can you get from back? >> weather, a lot of weather. if the forms are going to be thick and while the or if you're going to have a hard winter, the acorns falling off the trees and you never know. you're going to find all sorts of things in the farmer's almanac. good tips. >> before peek onto other books, he's so counterintuitive and a lot of his approach. as i interest you? >> i find it incredibly interesting. because what he does, he doesn't take anything at face value of what you see on the surface. probably outliers is one of my favorite books that he wrote because what he does is say here is the premise and this is why you shou

connell: all right, blake. ashley webster on the markets. quick word on the floor of the new york stock exchange. it was on this show yesterday where the news broke that the floor will be closing as of monday but trading will continue electronically. >> yes. connell: there is a look at the floor now. a few people still on it. >> still milling. connell: milling around today and tomorrow and that's it. >> that's it. connell: keep that in mind. plenty of trading to talk about. >> by the way, quickly before i get into today's action, monday first time ever in the history of new york stock exchange that the floor is closed but electronic trading goes on. there is a little fact for you at the next cocktail party. let's get to markets themselves. three-year low yesterday on the dow. we started off not in great shape. down almost two or 3%. the dow up 189 points. the s&p and nasdaq in particular. nasdaq up more than 2%, thanks to a turnaround in big tech stocks. that helped and also the energy sector. we'll get to that in a minute but i want to look

melissa: blake burman from the white house with more. reporter: president trump arrived at the white house 35, 40 minutes ago. if he hasn't already president will meet soon with vice president mike pence. treasury secretary steve mnuchin, his top economic advisor larry kudlow, potentially others as well to discuss possible economic stimulus measures. i'm toll options will be put before the president for consideration. one option is paid leave if you miss work because of the coronavirus. another one is deferring tax payments for those in the travel industry, like airliners and cruise liners. nothing has been formalized. president's top advisors were talking amongst themselves talking about potential options. as of this morning it was still all being hashed out. what remains to be seen if the president acts on any, some or none of what was put before them. whether or not he might green light any of the possibilities. this won't be the only major meeting here at the white house this week. tomorrow the vice president will be meeting with exe

blake burman standing by there. as hillary said you have objections on republican side developing this afternoon. now bernie sanders getting into the mix. what is read from the administration. reporter: they were going through the draft of the text, going through everything as you heard from hillary's report there, it is not actually finalized. there is a lot of wiggle room how this might shape out. one senior administration official described this as financial assistance package, not necessarily as stimulus. we heard that a little while ago from larry kudlow from last 10, 15 minutes ago. this is not necessarily shovel-ready jobs like what we saw the last time around or this was presented the last time around during the 2018-2009 financial crisis. we should note, connell, we have not yet heard from the president today as it relates to the response to the deal that was cut. there isn't any reason to believe he doesn't stand behind it. take a listen here to larry kudlow just a little while ago talking up this deal. >>

kennedy: absolutely blake it was much more formal since the outbreak of the coronavirus. it seems the trajectory of the virus and that will meet the basements of the stock market. when we see those two points, things i think will start to normalize he was trying to calm investors fears by talking about the liquidity of banks and contrasting out 2008. great points, blake berman. >> coming up i am going to talk with amesh adalja and tim carney he's gonna help me come up with a proposal for the economy maybe that's there's a company that's talked to even more real people than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. (sensei) a live bookkeeper quickbooks for me.tomize (live bookkeeper) okay, you're all set up. (sensei) thanks! that was my business gi, this one'

blake burman at the white house. melissa: you probably know but it's the worst week for stocks since the financial crisis, let's go to susan lee with more on that. >> it was the worst week for the stock market since 2008 and on track for the worst month for the s&p and the dow since 1987. there is a distortion effect of what we call a quadruple witching where futures and options expire and at one point we saw 60% more volume than usual. we did start off the day with hopes and optimism because the gains we saw in europe and asian side but then you sell the market continued to triple as a negative territory once andrew cuomo said nonessential workers should stay home and add to that the california stay-at-home order last night and that's why we sell these declines. but we did hear from president trump and he says he's hopeful stocks will rebound. >> if you look at your stock market geniuses, some of whom are not geniuses but they think they are, a lot of people think i am right about that, once we defeat the virus, i t

let's head to blake berman at the white house.e president declaring national emergency over coronavirus and the markets they love it? >> they love that and part of the economic message that the president spoke about afterwards as to what might come next in terms of the economy. let's break both of these down. first off national emergency declaration, essentially see freeing up as you know is at the forefront of tackling coronavirus. this would allow for increased beds, national emergency. the president it would unleash tens of billions of dollars. we also heard on the economic side of things, david, that the administration was weighing several options that they wouldn't need congress help for and we got two of those from the president today. first off, student loans, whether you have a job don't have a job, whatever your financial situation might be, youever you live -- wherever you live in the country it's something that impacts you. interest on student loans will be waived. don't have to make interest payments. you know what has

tell us more about this e—mail. jonathan blake. tell us more about this e-mail.tary, priti patel, in response to the surprise resignation by the most senior official at the home office so senior official at the home office so philip ruttnam at the weekend. it's been sent alongside the acting permanent secretary and the pair expressed their regret for sir philip's decision to resign, saying he had a long and dedicated career of public service for which we thank him. the e—mail does not specifically address accusations of bullying against the home secretary, which he denies, but it does talk about the need to value the work of staff at the home office, to look out for their well—being and also the importance of candid confidentiality and courtesy and i think it will be seen as an attempt to address accusations of a pattern of behaviour against the home secretary. she denies the accusations against her and is under investigation by the cabinet office to see if she has broken the ministerial code, but she still enjoys the support of the prime minister and this indica

blake burman with more from the white house. what is the latest? reporter: deirdre, vice president pence is in the airheaded to washington state. he will meet there with the governor of washington state at the emergency operations center. washington is at the center of the coronavirus efforts as 10 patients in that state have died due to the coronavirus. earlier today the vice president as you heard kristina mention was in minneapolis, minnesota. he was visiting 3m, spent about 90 minutes at the company there. that of course is the company that produces the n95 respirator mask that filters part tells. it was very interesting to hear from the vice president at the mask maker, because when he was there he tried to hammer home the point time and time again the average person should not, should not, he said be buying those masks. this was his explanation as for why, listen. >> unless you are ill, you have no need to buy a mask. one of the ways that healthy americans can support our efforts, to be there for patients, and to be there for health care prov

blake burman live at the white house with more. blake?g scheduled 35 or 40 minutes from now here at the white house president trump telling us today, as he did over the weekend, this meeting was initially scheduled to bring the pharmaceutical executives at the white house to talk about lowering prescription drug prices. however of course the focus of this now shifted on to the coronavirus. because of that i'm told, additional leaders from within the pharmaceutical industry will be a part of this meeting as well. teeing up the meeting earlier today, the president said, that he is hoping to push the executives not only for their companies to find a vaccine but potentially as well to develop a cure. >> i'm also meeting with the pharmaceutical companies later on this afternoon. we have a big meeting with the biggest companies, really most powerful companies. hopefully the smartest companies anywhere in the world when it comes to drugs and vaccines because we're talking about a vaccine. maybe a cure, if it is possible. so we'll see about that

kennedy: absolutely blake it was much more formal since the outbreak of the coronavirus. it seems the trajectory of the virus and that will meet the basements of the stock market. when we see those two points, things i think will start to normalize he was trying to calm investors fears by talking about the liquidity of banks and contrasting out 2008. great points, blake berman. >> coming up i am going to talk with amesh adalja and tim carney he's gonna help me come up with a proposal for the economy maybe that's you. you've maybe got some money coming. that is next. introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. tell us how much you have, and how long you need it to last. we'll estimate how much you could spend. then you can decide how you'll spend it. schwab manages the complexity with automated, tax-smart withdrawals. that you can start, stop or adjust at any time with no penalties. and you pay no advisory fee. schwab intelligent income. schwab. a modern approach to wealth management. can we go get some ice cream? alrigh

here is blake burman. blake, it is the question everyone is asking.ter: one little small piece of information there, right, charles? this was, essentially the loan application that the treasury department released last night for the airliners should they want to tap into the $25 billion set aside for the airlines in the relief package. the treasury department says they're trying to get this information out as much, as fast as possible but they note, for example, that the following still needs to be submitted by these airlines when the treasury department eventually fills out or submits the entire loan application. for example, here's what they still need. additional program rules and policies. certifications and disclosures to be required for all borrowers. loan terms and conditions, and information regarding how the principal amount of individual loans will be determined. there is a lot of information still tensionally tbd, including how much the government would take as an equity stake for these loans from these airlines. the president, the treasury

blake burman live now with more. blake?r: charles, there were a few meetings today with ceos and vice president mike pence tasked by the president toe lead the effort against the i don't know crone. in afternoon ceos from diagnostic companies in the morning ceo's from the with the airline industry and was during that meeting that the president dropped in and participated at points this is who's who in the industry as ceos from american, southwest, united airlines were there along with the ceo of jetblue and others. they say they have upped their standards for keeping planes sanitary. of course one of the obvious questions going into and coming out of this was put forth to the president, do you believe at this point it is safe to fly? and this was his response. >> i think where these people are flying it is safe to fly. large portions of the world very safe to fly. we don't want to say anything other than that, and we have closed down certain sections of the world frankly and they have sort of automatically closed them also.

blake burman is at the white house with the very latest. blake. reporter: hi, there, charles.ealth and human services secretary alex azar said throughout the country there might need to be the need for 300 million of those surgical masks that have suddenly become popular here because of the coronavirus. because of that, the vice president, mike pence, who leads the government's response to the coronavirus, was in, actually he is still there, just about wrapping up a trip right now, to minneapolis, to the headquarters of 3m. 3m is one of those manufacturers who make as large chunk of those surgical masks. it was very, very interesting though, charles, to hear from the vice president just a little while ago. there he was. the vice president of the united states, at the headquarters of a major mask-making company saying to the average american, don't, do not go out there and buy surgical masks. but there's a reason why. here was the explanation from the vice president a while ago. watch. >> unless you are ill, you have no need to buy a mask. one of the ways that healthy americans

blake burman was there and joins us now live at the white house with all the details. blake?eporter: there were a series of meetings with ceos involving the coronavirus over here at the white house today. you mentioned the ceos from the diagnostic labs in the afternoon, it started off this morning with ceos from providers who treat the sick, then sandwiched in the middle of all of that was a meeting with ceos from the airline industry. that was the meeting at the tail end of which president trump took part in. it was kind of a who's who of ceos from within the airline world, as the leaders of american airlines, southwest airlines, united airlines, jetblue and others were there. they said in that meeting that they have been trying to make sure that they are upping the sanitary standards on their aircraft. of course that leads to the question that so many are asking right now, is it safe to fly. that was the question that was put before president trump. watch here. >> i think where these people are flying, it's safe to fly. large portions of the world, are very safe to fly. we

we have fox business team coverage blake burman is live at the white house christina is on the floor of the stock exchange and bill flynn is watching the action and oil at the cme. let's kick it off with christi christina. >> we came back within the last 15 minutes, we saw a 500-point swing to the upside, tons of volatility inc. connell pointed out the red, green and the only felt down 1% roughly, not even 254 points. the nasdaq down 1.87%. off of the session lows, especially towards the last 15 minutes, a lot of buying and selling. if you take a look at the week, across the board those of the charts you're seeing, s&p 500 up about 18 points, down 457 points, we are in the grade, not at 2% but still higher, the nasdaq is relatively most flat at ten basis points higher, if we take a look one of the big factors you have the ten year treasury yield and investors moving money into safer bets, that is seen as a big deal for investors, the market equity falls to, it's a little bit higher than what we saw earlier but we did hit an all-time low as 0.66 -- 66 basis points, they put out a note

can helmet jonathan blake can helmetjonathan blake is here.hout telling us? he is not allowed to tell sa ntelli without telling us? he is not allowed to tell santelli over says budget box or wednesday afternoon. he has stuck firmly to that long established tradition and a savoury little other than a view leaks or announcements beforehand until he stands up in the house of commons on wednesday. we didn't learn a huge amount as to the contents of the budget this morning, but rishi sunak has been out and about, early in the job for theories, the budget we were due to get was delayed because of the general election, and add to all that pressure on top of that the coronavirus, which i would imagine has meant that they had to an extent rip up the plans and start again. the chancellor has said this morning that the government is ready to respond in the short—term and offer help to businesses and ensure that the economy does not suffer permanent damage as a result of the coronavirus. they suggested that there could be some help to employers. it isa it

blake, thank you. connell: all right, major 2020 shakeup as we've been alluding to with former vice president joe biden surging past bernie sanders last night, sweeping states he didn't campaign in in some cases. so can sanders still stop the biden momentum with annex contest less than a week away? melissa: los angeles county officials declaring a public health emergency after the state reported its first death from coronavirus. connell: and schools around the country enacting plans to stop the spread on campus. so we'll be lynch at the university of southern california with that story. it is coming up later in the hour. ♪. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums it's surprising how the bigger

blake burman from the white house with a lot more, blake?eporter: cheryl we continue to be the in the middle of this 15-day waiting period as the previous guest outlining. the president's plan of social distancing, working from home, avoiding large gatherings of 10 people or more, for example. over the weekend there were real questions that were brought up what might happen after the 15 day period comes up one week from today. the president tweeting the following over the weekend, writing, quote, we cannot let the cure be worse than the problem itself. at the end of the 15-day period we will make a decision as which way we want to go. the president's top economic advisor larry kudlow said today he has had discussions with the president about what might come next but also shot down the idea that the economy would be shut down. >> we can't shut in the economy. the economic cost to individual is just too great. so let's see how this thing plays out. more testing is essential. we're loading up with tests now. that will be a big help but presiden

jonathan blake. let's find out how the weather is looking. stav da na os the weather is looking. is a touch of spring in the air? there is indeed. i got the daffodils behind me to prove that. other grey skies overhead. we have not yet another area of low pressure moving on. wet and windy weather affecting the west. it will sweep eastwards tonight. into sunday we are into a slightly cooler air mass. a brisk westerly wind which will feed in showers. quite a bit of sunshine. the temperatures today quite a contrast to tomorrow. 11 to 14 degrees, very mild for the time of the year. the wet and windy weather affecting northern ireland and scotla nd affecting northern ireland and scotland will spread into england and wales this evening and overnight, becoming confined towards the south—east. behind it, fresher with blustery showers. temperatures in too low to mid single digits. into tomorrow, we need to start in the south—east. that he is away quite quickly. a brighter day with plenty of sunny spells but lots of showers in western areas. frequent and heavy with hail and thunder mixed in

jonathan blake, bbc news.posed sweeping restrictions on the movement and activities of more than a quarter of its population in areas of the north and east of the country. some 16 million people are affected by the virtual lockdown as the government tries to limit the spread of coronavirus. the restriction applies to the entire lombardy region, italy's wealthiest, and 14 other provinces. all travel not deemed essential is banned. jon donnison reports. in central milan this morning, an uneasy quiet. a quarter of italy's population, some 16 million people, including those living in the country's second biggest city, now in quarantine. translation: we are facing an emergency, a national emergency. we have done so from the outset with exceptional precautionary measures, and we are facing it with great awareness, without underestimating the situation. but such a drastic measure is an admission that italy has so far failed to contain the virus, with around 6,000 cases and more than 230 deaths. it is not a complete l