blake burman in washington. melissa has more now. melissa: all right. here now to react is steve forbes, forbes media chairman. steve, what do you think about this? this is the ingenuity of a private company. they donated the drug as you heard there. what are your thoughts? >> well, i think this underscores the importance of the private sector, and i'm delighted that president trump repeatedly has executives like from gilead and other companies showing what they are doing, abbott and other companies, and they are showing what can be done when you have a huge sense of emergency. i think you will see more of in the weeks and months ahead. we have johnson & johnson and some other possible vaccines in the work and the encouragement of the government, the adversarial stance we have in the past with some administrations this one of cooperation i think is showing the fruits of having a strong vibrant private sector with the direction of government with a healthcare crisis. melissa: yeah. no, that's a great point. along those lines, of a vibrant private sector,

blake burman. melissa: here now to discuss all of this is bill mcgurn from the "wall street journal." he is also a fox news contributor. so, bill, it is interesting, as you look at all the headlines as they flew by just now president trump and various governors talking about reopening, it seems like in some ways he is become both cheerleader and maybe flogge are in chief, handing over specifics to them as he ushers the nation back into reopening but a lot of ways he has given them the control, maybe as it should be to kind of open their states. you look how it is going, encourage some, scold others, is that a good position for him to be in. >> i don't think he has much choice in the sense it is their power under our federal system. i think that is largely a good thing. i think there is much more danger in one size fits all. if you're reopening in iowa it is probably different than if you're reopening in manhattan, depending on the stage of the disease and so forth. i do think that, again, even outs

to blake burman. blake, what do you make of what has been announced and, again, the rhetoric was a lot hotter than what we just saw unfold. >> reporter: i just got here from the rose garden, liz, so apologies if i duplicate anything you say. the relief rally there, think, is in part because the u.s. is staying in the trade deal. that was one of the big questions. when president trump was asked about this yesterday the oval office, will you be staying in the trade deal, he didn't answer it. he didn't say yes, he didn't say no. he came down here today with a lot of policy tools that the white house had been telling us that they would have at their disposal giving to the president because of what has been unfolding in hong kong. we saw some of those policy tools that the president just unveiled. we also saw the president talk about china's handling of covid-19 and how the u.s. would react, in part pulling funding from the world health organization. so you had a twofold, sort of a twofold response from th

blake burman wrapping up our look at the top stories of the day thank you, blake. melissa? here now is steve forbes, forbes media chairman. let me ask you about this transition to greatness how long do you think it's going to take? reporter: it's going to take several months and most will depend upon what congress does in the next few weeks there are two big things congress has to do. business is crying out for it and that is immunity from frivolous lawsuits. the trial bar is already writing a massive amount of lawsuits so congress is going to take that up if a company makes good faith efforts and principles of safety such as masks, physical distancing and the like they should not be subject to lawsuits only if you're legitimate, grocery negligent with your customers or employer s should be subject to lawsuit that is absolutely critical businesses are reluctant to reopen, and the other big thing that has to be donald i'm surprised republicans have been resistant to it is a payroll tax holiday that helps reserve jobs, create jobs gives a person making $40,000 a year a $3,000

connell: already blake burman for us. melissa? melissa: here now is steve forbes, forbes media chairman. let me ask you first of all about this move by the president do you think that local municipalities are going to follow it because of course, it is the mayor and the governor who is the last word in a city like mine. >> i think most will. i think you're going to see more and more stark contrast between states that are moving with deliberate speed to open up and those who are lagging. heard about vermont today is about as a rural space as you can find, they're still acting like it's new york in march. so i think you're going to see pressure from other states to open up and i think people are recognizing that if you practice what physical distancing and the like, you can go out. there are always risks out there but people have had enough. this has lasted far longer than anyone anticipated. this lockdown. melissa: yeah speaking of having enough, there's already this talk about what happens if it comes back and if there needs to be

governor, kim reynolds, and we are expecting to get some tape from that, but i want to get right to blake burmanake, the president has been very busy. he signed a proclamation on national nurses day, he's touching on all kinds of issues. what are you hearing? reporter: yeah. and we heard from the president earlier today, liz, a bit of a 180 degree reversal from his white house in less than 24 hours as it relates to the coronavirus task force. it was at around this time yesterday where the white house was saying that task force would be winding down over the couple weeks. instead, putting the agencies in charge going forward toward the end of may, the beginning of june. but the president this morning changed his mind on that or at least signaled a different direction, saying that the task force would be going forward indefinitely, as he's putting it. the president even saying they would be adding a couple different members to it while maybe some others would be trailing off, with the focus being on reopening up the country again. when the president was asked about this just a little while ago, he

blake burman with the comments he made when he was leaving for arizona. blake.eporter: hi, there, cheryl. it looks beautiful in arizona today. president is set to land in phoenix, arizona any moment now. the president left the white house earlier today he was dismissive after model leaked earlier this week put together by the cdc and fema. i want to show you two different models come into focus over the last couple days as we talk about states potentially starting to reopen. the first one, that is the second one, well, i will start here then i guess. this is the imhe model just had come out, university of washington. that is a model that the white house had been holding up as one of the best predictors. you can see deaths per day dropping over the upcoming three months. the next model if we have the graphic, cdc and fema one, showed there were 3,000 daily covid deaths per day potentially coming by june. we don't have it. this is the johns hopkins university statement though. as johns hopkins is now saying of that cdc-fema model, these preliminariry results are n

blake burman live in washington. blake, thank you very much.et's talk about what is happening with the chinese. what would the fall out look like if a new trade dispute grows from this pandemic. want to bring in from kings college manhattan, fox news contributor brian brenberg and independent women's policy analyst, patrice lee onkuwa. brian, president making remarks there potentially could be new tariffs against the chinese. the phase one trade deal could be in jeopardy. there seems to be a run on china if you will. do you think that would be a good idea, would it help the u.s. economy? >> well, cheryl everything has to be on the table here. clearly china needs to be held to account but let's remember what the goal is. we're looking at china and we're seeing all sorts of risk in the supply chain there, in manufacturing happening there. that's the problem that we have to solve if we want to derisk that, if we want to prevent some problems we've seen. it is about giving american companies to do more here. so i think the real key at the end of th

blake burman with the latest on the presidents' day. but we start today with lauren simonetti with the markets quite a day on the markets. lauren: doing fast math i think the swing is 830 points. volatility is back. nasdaq not quite positive for the year but close. nasdaq choppy session, up 1.1% in the end. the dow was down as many as 458 points, as near nearly three million americans filed for unemployment benefits to the two month total, 36 1/2 americans out of work. the market started popping when president trump said a covid vaccine is likely by the end of the year. the dow up today for the first time in four days. the pharmaceutical industry however, more cautious when it comes to a vaccine. the novartis ceo says most likely we'll not have one until middle of next year. sanofi amending the pretty convertal comments that the company u.s. would receive the vaccine first. the company now says it would be available to all countries at the same time. some pharmaceuticals were down today. oil closing at near six week high. look at that 2

lots of talk about today fox business team coverage we have blake burman at the white house, jackie deangelis at our news room in new york, edward lawrence reporting from washington, blake? we start with you on the north lawn. reporter: hi there, connell and melissa. president trump announcing at the white house several measures against china on the one hand, for china's handling of covid-19 , on the other hand, as well, for china's crackdown on hong kong; however, as the president was standing there in the rose garden with his senior-most advisors around him the president did not mention at all the trade deal between the u.s. and china, and that remains intact. still though, some pretty big announcements by the president for example, the u.s. is withdrawing the entirety of its funding for the world health organization, will further scruitinize chinese-based companies on u.s. exchanges and pullback some of the benefits that hong kong has had with the u.s. , for more than two decades. president trump: the united states wants an open and constructive relationship with china but achieving that r

blake burman a lot to cover. great job from you blake.e have questions about the president's ideas. he wants to punish china from the pandemic. is that enough to deal with the chinese. we want to bring in trump economic advisor and steve moore. great to see you, steve. >> good to see you. cheryl: he had this exclusive sit-down with maria this morning. he talked about his displeasure with china. he hasn't spoken to president xi xinping. he doesn't want to speak to him right now. chinese companies that list in this country, maybe they should be held to u.s. accounting standards. a lot to go through. your thoughts? >> mile initial thought is that president trump has been right all along with china. we can no longer treat china if that they are a friend or ally. they have really become in many ways very adversarial to the economic and security interests of the united states and the attitude that trump has had about china is now reflected broadly by the american people. republicans and democrats are extremely angry at china for their sinister

to blake burman for a preview. blake, any idea what he might say? reporter: you are going to see the president and the administration tout the progress that has been made as they see it, liz, on testing coming up here in the rose garden about 15 minutes' time, or sometime in the next hour. here's what the administration has laid out before us in advance of this. they say over the last week, 1.9 million people across the country have been tested for covid-19. they say in sum all over the country as of today, that number will be north of nine million people. so what about going forward. well, here's what senior administration officials are saying. they say that $11 billion is going to be sent to the states all across the country for testing. if you are wondering where that $11 billion comes from, that's from the cares act, the $2.2 trillion, phase three bill. they also say that in speaking with the white house, speaking with governors, that they have been able to identify all of the states' needs and all of the states' goals for the rest of this month

blake burman from the white house. there is a lot of news there. and susan li with uber and more from the new york. lauren, we start with you. lauren: guys, good to see you. i don't want to call it a fade but the dow was up 430 points. it lost some momentum closing at 23,875 for a gain of 211 points but certainly a fade for the third day in a row. take a look at nasdaq. it didn't close above 9,000 but it is positive on the year by seven points. what a day. what has been powering the nasdaq and the overall market? megacaps, facebook, amazon, google, netflix, microsoft. look at them this quarter. they're all up 15%. strong balance sheet, cash flow, generally seen as immune to government regulation which had been an overhang. there is very much a push, pull we're seeing in the market right now. signs the economy is reopening. let's look at some travel stocks. they rebounded today up 5 1/2% gain for carnival. 7% gain for mgm. there is questions how fast the economy can heal. got fda approval to accelerate a vaccine trial, moderna. that stock up 8%. pel

blake burman from the whitehouse, edward lawrence from the newsroom. and let's kick it off with lauren. lauren: finishing the green. dow had been down 362 points t clawed back, closed up 26. s&p 500 up 12. nasdaq gaining one .25% on the day or 105 points. let's go back to the dow. industrials, boeing, raytheon. some worst performers and the ramped up trade tensions with china. the white house blames beijing on the coronavirus. legendary investor warren buffett dumping his entire stake. barclays downgrading american and delta on debt concerns. look, raymond james came out and thinks demand may have bottomed. is this a bottom for the airline stocks today? big tech also saw a comeback after the losses last week. apple is updating math book pro. how about m&a? merger monday. intel buying transportation technology company move it, all green on this board today. energy was also a winning sector. oil back with a 20-dollar handle. it is up four days in a row right now. exxon, valero, others rallying big-time today. production cuts, opec plus, plus some other c

blake burman live from washington, blake, thank you. i want to bring in from kings college in manhattan brian brenberg. brian, let's start with the issue the markets are focused on today. things turned around a little bit for the nasdaq and comments from south korea have concerns reopening too soon if there is second wave that the south koreans seem to be putting up the red flag about. what do you say? >> well, we have to see how big the second wave is. you know we know there are going to be ripples. nothing moves along a straight line when it comes to this kind of a virus and our recovery from it. the question, how big dot waves get, and how good are we responding to them when they happen? markets will get nervous as we see first inklings. as we get experience with what other countries or states which look like what might be second waves, you will see us calm down a little bit. the question, isn't the virus going to spread. the question, do we have health care resources to deal with it? will we be overwhelmed. right now the indications

blake burman is watching latest coming out of the white house. in fact we're expecting remarks in a few moments from the president in the rose garden. before we get to that, it is lauren simonetti on the market rally. lauren? lauren: a lot to get through. you don't want to complain. you have a 500-point rally the day after a holiday weekend but what took the market off bigger levels, the dow hit 25,000 for the first time since the lockdown began in early march. the s&p had topped 3,000. those levels did not hold on a "bloomberg news" report that u.s. officials were considering sanctions on chinese companies and chinese officials for their handling of the hong kong situation. so still a broad-based rally but we came off those levels as you can see. the nasdaq had been at its highest level since february 21st. there were hopes as the economy does reopen, as we noticed, this weekend, memorial day weekend there is hopes on the medical front too. 10 vaccines are currently in human trials. novavax is latest, the stock is up 5%. merck, a dow component a

blake burman with the latest on that. hey, blake. reporter: hi, there, neil and we should potentially here, get a readout, get an instant readout from president trump and new york governor andrew cuomo, we do expect as phil laid out the president to get on marine one in 15 minutes or so it is possible he talks to reporters on the south lawn of the white house and also afterwards in about an hour's time, cuomo is expected to talk to reporters in washington, d.c. as well. cuomo going into this said he wanted to come down to washington to talk to president trump about potentially using infrastructure to reignite the economy. the white house leading into this said they were very pleased that the democratic governor from new york would be making yet another visit down to the oval office. >> yes. this is third time they met this year. they have talked obviously about the coronavirus response, reopening new york, a state that, state and city the president knows well and loves deeply and also talk about infrastructure and other projects as w

neil: blake burman thank you very much, my friend, blake burman in washington.s you probably heard major league baseball is looking within the next couple days to iron out how it plans to resume games as early as july. could be even earlier than that. they might want to pay attention to nascar as the blueprint for all of this. while people sort of poo-poo what nascar was doing, ratings success of it are proof that people are eager for good sports entertainment. maybe because they watch this guy so closely. joey legano, if you ever watched him drive a race, he has no fear. i'm in the left lane doing 45 miles an hour and this guy is doing eight times that. off my math here, joey legano, happy to have you. thanks for coming. >> thank you. first off i hope you're not going 45 miles an hour in the left lane. that is a little bit -- [inaudible]. neil: guys like you breathing down my neck, get out of the way cavuto. i do mean what i say, watching you in action is a treat. obviously it is a treat for viewers who are hungry for this sort of thing. nascar proved if you do

neil: blake burman, thank you very very much.urman following all those fast-moving developments as he indicated. less that an hour, the president will be meeting with restaurant chieftains. in the meantime, this reopening getting a lot of attention in florida where some of the more populated counties are joining in the fun. phil keating on all of that. reporter: this is a big day for the state of florida as south florida, miami-dade county and broward county, are in an expanded phase one. that means non-essential retail and restaurants can now open to customers to come inside as well as barber shops and salons like this one. as you can see, people have waited two months to get their hair snipped and they are flooding the place right now. so also, it was a very busy weekend for south florida as businesses were really getting prepared for this big opening. made for a lot of preparations after two long months of locked doors and limited sales. all customers in stores and offices will have to wear masks at all times. they will only b

brad blakeman -- blake burman. i'm sorry. blake, i am so sorry.'m getting mumble mouth on a tuesday morning, go. reporter: brad blakeman and blake burman back-to-back. don't worry stuart, i get his emails about once a month. this happens all the time. i want to bring your attention to two letters, quickly. first off this one right here, sent by national security advisor, robert o'brien, larry kudlow, over to labor secretary eugene school legal yaw. federal retirement savings should not have any exposure whatever to chinese equities. couple reasons why. first it cites national security concerns. first china's handling of covid-19 and any potential fall out that might come from that. what happened after that, the labor secretary sent off this letter to the head of the federal retirement thrift investment board saying president trump does not want $4.5 billion of federal retirement savings exposed to a fund that invested in chinese equities, and, we want your response. we want your moves, we want you essentially to get out of it by wednesday, meaning

let's go to blake burman with more on that. hey, blake. reporter: hi, neil.racking from china on a couple different fronts today. you're right, first of them being on the investment front. you will remember we talked about this yesterday, a story we broke on fox business.com on monday evening that the white house had been demanding of the board that oversees the federal employees retirement fund, to make sure that they would not be transitioning into a fund that has exposure to chinese equities. the white house at the time said there was some $4.5 billion in play here and they wanted to make sure that transition did not happen. they wanted an answer of the federal retirement investment board by the close of business today and that board said today that they would not be going forward with that exposure to chinese equities. bottom line here is a win for the white house, as the president wanted to pull a lot of money out of chinese investments and the board that oversees that says that is exactly what they will be doing, and they are citing covid-19 as a reason

blake burman live with more. blake?ter: hi, there, charles, yes, president trump is threatening the democratic governor, rather the of north carolina at the same time he is about to host the a meeting with democratic governor of new york. let's start there very briefly because some news on that front today. andrew cuomo, the meeting between the two will occur at the white house tomorrow. como said earlier today hopes to go to the white house to talk to the president about potentially using infrastructure to reignite the economy. watch here. is it. >> i'm going to go to washington tomorrow. scheduled to meet with the president, to talk about a number of things but this is one of the things i want to talk to the president about. you want to restart the economy, let's do something creative. let's do something fast. >> that will be cuomo tomorrow but over the weekend as well the president was threatening to move the republican national convention from charlotte, north carolina, unless that state's democratic governor, roy c

blake burman with the latest. hey, blake. reporter: hi there, neil something is most certainly up we just don't know exactly right now what this announcement from president trump is going to be. we believe in a couple hours time later this afternoon as the white house is being very tight-lipped leading into this. china, a spokesperson for china 's foreign ministry in the lead up to this announcement said the u.s. shouldn't be doing anything at all. this was their response today, they said, "we urge the united states to recognize the situation and stop interfering in hong kong affairs and china's internal affairs. if the u.s. insists on harming china's interests, china will take all necessary measures to fight back." so we'll see , neil how much what president trump announces is a direct result of china's crackdown on hong kong, or if it also includes measures related to china's handling of covid-19. here was larry kudlow listen to this from earlier this morning. >> the president will be asked with some ideas to hold china acc

blake burman, who outlined what we could be looking at. blake?orter: one of the potential topics coming up at the white house in an hour from now is what might come next. you just heard from phil there, all of the pain and hurt as it relates to the state of florida, as a lot of folks are looking forward to a potential phase four or phase five, the next relief package. the white house, though, today continuing to signal that they are on pause as it relates to looking to what might come next. you remember just about this time yesterday, we were telling you that the white house, officials that we had spoken with still wanted to survey the landscape for at least several days to see what happens when states reopen. but i want you to listen to larry kudlow, what he had to say this morning, because he appeared to have lengthened that timeline, suggesting that the white house might want to wait as long as a month to see what comes next. >> right now, we're kind of in a pause mode, all right. maybe the next 20 or 30 days. let's see what happens with this

blake burman with the latest on the president's trip and lauren simonetti is watching the market. let's kick it off with blake. reporter: hi, there, melissa and connell this is the first time in a month, you have to go all the way back to march when the president left the white house for an official presidential event. he has been on the ground in phoenix, arizona. he has been there 45 minutes or so. he visiting a honeywell plant that pivoted to produce n95 masks. we're talking about arizona as well that state could potentially be up for grabs in the election in november. here is the president, as he was leaving for washington talking about the upcoming trip. >> i am going there for two reasons. i love arizona. i have a lot of friend in arizona. i have had great success over the years in arizona. i will pay my respect foss for honeywell, one of the great companies that have done a fantastic job for us so i look forward to it. reporter: aboard air force one the president tweeted a list of items he would like to see as possible next step relief measures, writing in a tweet, you see t

lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and kristina partsinevelos joins us with news on disney. we start, blake, with you. reporter: connell, melissa, speaking of that launch who wouldn't want a front row seat to it. exactly where president trump and first lady, the vice president, section lady are right now in florida in advance of what we are expecting to be the historic launch about 31, 32 minutes from now at the kennedy space center. president trump taking a tour there. he was asked what his message is for those two astronauts who will be aboard the spacex rocket going up to the international space station. he called them the best in the business. so the west wing pretty well-represented in florida right now. speaking of the west wing, there was a pretty big meeting in the oval office earlier today with president trump and new york's democratic governor andrew cuomo saying after that meeting that it was a very apolitical conversation between himself and the president and focused on how

blake burman, tell me about it.s one of those success stories that the white house is going to try to point out. this ford plant in michigan closed in march, but then decided to bring workers back to make ventilators and that's part of what that plant has been doing. you spoke with the vice president mike pence earlier this morning, who said the ventilator story is quote, nothing short of a national accomplishment. that is what the white house is going to try to highlight in part with the president's trip. there was another interesting part of your conversation with the vice president, when you asked whether or not president trump will be wearing a mask, because at that ford plant, it is required. when we reached out to ford earlier this week, they said they are going to defer that decision to the white house, and the vice president made it seem to you as if the white house physician will end up making that call as it relates to president trump. watch here. >> well, the president made it cloer th clear that he would

blake burman has the latest from washington. hey, blake. reporter: hi, there, neil. we also heard president trump talk about a potential vaccine and when that may come. dr. anthony fauci, the nation's top infectious disease expert said a few days ago he could not guarranty a vaccine would be in place by january. however at the town hall in washington last night president trump says he believes a vaccine could come this calendar year. >> i think we're going to have a vaccine by end of the year. the doctors say well, you shouldn't say that i will say what i think. i met with the heads of big companies. these are great companies. yeah i think we'll have a vaccine much sooner rather than later. i think that will be done. reporter: speaking with the treasury secretary earlier this morning, speaking with maria bartiromo, rather, earlier this morning, treasury secretary steve mnuchin also expressed that same optimism as well. >> this was no fault of business. this wasn't anybody making bad decisions. this was all about a virus that we're going to kill. and by the way i'm ex

stuart: all right, blake burman, look, that's good stuff.w it is official, it is a warning, watch out, they're looking for our research. blake, good stuff. joining us now, senator martha mcsally. senator, i'm sure you heard this. what's your reaction? >> i said it many times, stuart, i never trusted communists. communist china is continuing to hack into our systems to try to steal our technology. this is just another example. they have been doing this all along but people are more mindful of their behavior with the coronavirus because of their lies and coverup but this is no surprise to those of us, i've been doing national security for a long time and we've been watching them steal and hack into our research and our technology for many decades. they need to be held accountable and it needs to stop. stuart: now i believe you've got a bill which would allow ordinary people, myself, yourself, other people, to sue directly, sue china. >> yes. stuart: and seek compensation in american courts. that is what you want, right? >> yes. they're respons

blake burman joins us with more at the white house. blake. reporter: hi, there, charles. to see president trump here momentarily for a cabinet meeting back at the white house and one thing i am told if the president hasn't done it already he should be doing it shortly is signing an executive order which he will talk about at this cabinet meeting, which you're right, aiming at deregulations that come about because of covid-19. here is a few ways to break down the executive order the president should be outlining shortly t will ask the federal agencies to identify regulatory actions that should be made permanent. the president also wants agencies to identify deregulatory measures that will help create jobs. also it will instruct agencies not to be overly burdensome on small businesses and non-profits when it comes to compliance measures so long as they are operating in good faith. at that cabinet meeting we expect to hear from the budget director, russ vogt who said following about the executive order, typically when our country faced a crisis washington responds by grandin

blake burman on this, the fallout from this. hey, blake. reporter: hi, neil.ed to believe today, you're exactly right today, there has been a bit of a reversal from the white house here in less than 24 hours time as to what the task force will look like and if it will even exist going forward here in the upcoming days and into weeks because yesterday afternoon the vice president mike pence acknowledged they were looking at phasing out the task force in upcoming weeks and dishing out responsibilities to different federal government agencies this was a direct quote from the vice president yesterday afternoon when asked about it, quote, he said i think we're having conversations about that and about what the proper time is for the task force to complete its work and for the ongoing efforts to take place on an agency by agency level and we've already begun to talk about a transition plan with fema. the vice president even suggesting that transition could happen at the end of may or even early june. there was a lot of questions as to why that would eventually take

blake burman on what we can expect to hear from the president later today. hey, blake. reporter: hi, there, neil. as a lot of these states start to open there is a lot of focus on the different models out there what they project. by and large the white house is standing by the imhe model coming out of the university of washington. it is new projections over the next few months between now and august 1st, there could be by that time some 134,000 covid-19 related deaths. however when you look at the model it is showing that the daily number of deaths will be decreasing over that time as well. the reason i bring that up, neil. that is a much different picture than a draft model from the cdc and fema that has made its way out to the public which one scenario predicts there could be 3,000 deaths per day by june 1st. there is a lot of pushback over at the white house, specifically even today from the president on this. we actually just got a statement from johns hopkins who is behind that model saying it was scenario planning and not forecasts. the press secretary within minu

that is blake burman on all of that. we got some economic news out today that reinforces the notion it will be a bumpy ride until things improve again particularly on housing front, housing starts dropping, steepest decline ever, building permits decline, steepest decline ever. the data has been well factored in, optimistic a cure for the virus is maybe in the making by the end of the year, vaccines we'll get into a little bit later into the show. the economic data has to improve as more people go back to work. jackie deangelis sorting through all of that at the corner of wall and broad. jackie. reporter: neil, the market is taking a little bit of a pause. the dow is paring some of the losses. the president talked about measures, for example, to help the farmers, while they are important to the u.s. economy, they are still bandaid measures if you will. that is how wall street looks at that. we have a problem we're trying to fix and trying to add more stimulus into the economy to help folks weather the storm, but you look

blake burman is

blake burman following that. hey, blake. reporter: a lot going on as president trump set to leave the white house for the state of michigan. he wit be visiting a ford plant there, completely shut down in march, but started to bring back in workers, got into the ventilator making business and did so very successfully and that is what the president is going to be highlighting in part as he goes to ypsilanti down from ann arbor a little while from now. mike pence teed up the president's departure when he spoke to start varney a little while ago. watch. >> we brought together with general motors with,ge and now with ford as the president will reflect today that are now building ventilators. we'll actually have 110,000 ventilators constructed in 100 days. i think it is nothing short of a national accomplishment that no american who required a ventilator in this country was ever denied a ventilator. reporter: national accomplishment. 9 vice president says that is clearly what the administration, neil, what the president will try t

blake burman is following all these developments, what we might be hearing from the president on this 4:00 p.m. eastern time from the white house. hey, blake. reporter: hi, there, neil. from the rose garden we'll hear from president trump 4:00 this afternoon on the issue of testing this is the big event at the white house for the day. the white house saying that the president will be highlighting testing capabilities within each of the states. specifically highlighting how each of the states have the capability to test comparable to south korea which is one of the gold standards when it comes to testing all around the world. today already earlier this morning the president has been taking issue, suggesting that some states that are run by democratic governors aren't opening up as quickly as he would like because he believes it is an election year and the president is specifically taking issue with pennsylvania. this is the tweet from the president earlier this morning. at one point saying quote, the democrats are moving slowly all over the usa for political purposes. they would wait u

after the federal reserve warned of lasting damage from the pandemic, fox business team coverage, blake burman with the latest from the president, lauren simonetti is watching the markets and edward lawrence is in washington, let's kick it off with blake. reporter: we are seeing a backtracking away from china in a couple different places across washington today. let's start with what we first reported exclusively on foxbusiness.com on monday evening which is that the white house part, president trump and his top advisers wanted to see the federal retirement savings plan that relates the federal government workers not have any exposure whatsoever to chinese equities. there was a fund that was shifted, about $4.5 billion into chinese equities, that was expected to go into play, the white house said they did not want that to happen wanted to answer by the end" of business today, that fund responded to the white house and said that they will not be putting the nearly $5 billion worth of government retirement funds into a fund that has significant exposure to china. that's a big win for president t

now we will go to blake burman, watching all of this.esident, you think about it, we have other things to talk about, he's kind of emboldened a lot of this behavior right now, even when it comes to protesters, saying he understands where they're coming from, and you know, doesn't certainly rail against them. reporter: he wants the states open. he wants the economy to open. he wants it open all across the country. it's something the president has been pushing for, not for days now, but really, for weeks now, for all these states and he has taken issue with some governors who he believes are not opening fast enough. you see what's going on there in the state of illinois with that one business owner you just spoke to. speaking of the president and reopening, as part of the reason why we saw this push from him on twitter today saying he would be threatening to withhold funds from certain states if they engage in excessive vote by mail. this morning, he specifically singled out two states, michigan and nevada. michigan, for example, has sent

blake burman with the latest on the president's trip and lauren simonetti is watching the market.

blake burman from the whitehouse, edward lawrence from the newsroom.ck it off with lauren. lauren: finishing the green. dow had been

blake burman following the president's movements. edward lawrence is in washington. ake, we start with you as president trump moves on to a tour of this ford plant. reporter: exactly a tour of the ford plant in ypsilanti michigan. this plant was making auto ports parts. they brought back workers in to take on the health care fight. what we'll see president trump highlight the ford plant in particular for making up ventilators which the president, vice president, feel is really one of the main success stories. the ability to sort of reposition to take up the health care fight over the last couple months. so we anticipate that, that meeting with the ford president here shortly. what we did hear from the president today is this continued push for his belief that the economy and that the country needs to reopen sooner rather than later. for example, the president saying that earlier today he had a phone call with the cdc about opening up places of worship and the president says, announcement on that is likely coming if not today, then potentially tomorrow. listen here to

i want to go straight to blake burman. he has got more on that. reporter: jackie, good to see you. this is the fifth time in the last few weeks that a governor will make their way to the oval office, sit down with president trump and talk about what's happening with their state. right about now it is the turn for the next sass governor greg abbott. when you look at texas, one of those states in which the coronavirus cases are not decreasing but they have one of the more forward leaning reopening plans. they're in the middle of another big rollout. here is what the texas governor put forth in his state over next couple days or so right now, stores, malls, restaurants, movie theaters are open though at 25% capacity. tomorrow, hair, nail and tanning salons will be allowed to operate in the same manner as well. abbott said next week, offices, gym, non-essential manufacturers will be able to do the same. we'll likely get the president's reaction to that blueprint along with comments, jackie, potentially about the president's own health. here is why, the white house confirmed today that

blake burman has the latest from the president. lauren simonetti watching that market action for

after the federal reserve warned of lasting damage from the pandemic, fox business team coverage, blake burmanst from the president, lauren simonetti is watching the et

blake burman with the latest from the president. lauren simonetti watching markets. hillary vaughn and edward lawrence in washington. let's kick it off with blake. reporter: hi, there, connell and melissa. what is important what is happening right now in the oval office with president trump as it relates to this executive order and social media companies is, that the attorney general bill barr is there. so you have got president trump, the attorney general and as we are going through the notes here as this is happening, what the administration, the president and his ag, are taking aim at is section 230 of the communications decency act. it appears as if as well that the president according to the notes is going to try to insure somehow that taxpayer dollars necessarily don't flow into these social media companies. that we await to see the exact comments that the president is making. in any event, as the president is about to sign this executive orderlier this afternoon the white house press secretary kayleigh mcenany outlined sort of what the administration hopes to a

we'll have blake burman bring you the latest from the president after that cabinet meeting, lauren simonetti on that market movement. edward lawrence has more reporting from washington as well. as we work our way out of the extended cabinet meeting, blake. we begin with you. reporter: extended indeed, lasted about 70 minutes, connell, melissa. this is the first cabinet meeting president trump has conducted since the covid-19 outbreak. one of the biggest pieces of knew that happened an hour ago the president signed an executive order relating to deregulations specifically geared towards trying to take on covid-19 and here is what the eo goes after. a few different things. first off the president is going to be asking federal agencies to identify regulatory actions that should be made permanent. the president also wants agencies to identify deregulatory measures that will help create jobs. also the eo instructs agencies not to be overly burdensome on small businesses and non-profits when it comes to compliance measures so long as they are operating in good faith. here was president trump at th

blake burman has more for us. let's go straight to you, blake. >> hi there, jackie. good to see you. in his "fox & friends" interview this afternoon we heard from president trump as that historic jobs report was announced. we heard from the president moments after. the initial reaction from the president this morning, he said quote it is totally expected. there's no surprise. right now inside the white house i believe we have that live picture, if we can put it up. the president for the last 50 minutes or so has been meeting with republican lawmakers, his top economic advisors as well. at least as of a few minutes ago when i sat down here, the president in his first public remarks didn't reference the jobs report from earlier this morning. instead, jackie, he is making this prediction looking forward. watch. >> we're going into a transition, and i call it transition to greatness. it is going to be transition to greatness because we're going to do something very fast, and we're going to have a phenomenal year next year. >> also coming out of the white house today, for

blake burman with the latest from the white house. hillary vaughn is in washington. let's kick it off with blake. reporter: hi, there, guys, we're expecting to hear from president trump momentarily in the rose garden here as the president and the white house will tout the progress that has been made on testing. senior administration officials say across the country, 1.9 million tests over last week, nine million since the start of covid-19. senor officials are pointing to go going ward, that $11 billion set to the states, that is money set aside in the cares age. they identified state goals and needs for month of may. earlier today, vice president, when he spoke to state governors encouraged those governors to have staff members within nursing homes tested. testing of course what many positives want to see ramped up before states reopened but the president criticized many governors, the president saying that he believes that states aren't reopening because of politics this election year this is part of the tweet from president trump earlier today saying quote, the dem

blake burman thank you very much carly fiorina, former best-selling author, hp ceo and former presidentialandidate. without taking political sides, there, i without saying twitter, facebook, other social media, maligning democrats wouldn't say boo about this. it hit home because it hit close to him. i'm wondering what dangers here that you see? >> well i think there are several. let me back up, first, neil, you have known this as long as you and i have known for each other a long time, i think power concentrated is power abused. we now have too much power concentrated in the hands of very few, very powerful technology companies, facebook, twitter, google, amazon among them. it is why, unlike many republicans i've been calling for sometime thoughtful regulation, legislation, some set of actions taken to try to disperse some of this power. they have more power over our lives like ever before. on the other hand it is also true the internet has been an economic engine. it is why republicans have historically always avoided regulation of any kind. however, if we're going to take the step of say

blake burman following this very very closely. nistration looks at a variety of other issues, not just on this virus. hey, blake. reporter: that discussion back and forth -- neil: sorry. we had a problem there with his feed. hopefully get him back. i should say one of the things dr. fauci is outlining in his comments is that we do have to be careful reopening the economy, he hastened to add there were a lot of promising developments including at least a dozen different vaccines or treatments, including remdesivir. lot of people seized on his views that you know, we don't want to get ahead of our skis on remdesivir but optimistic just the same. i think we are good with blake now. let me double-check that. can you hear me? reporter: yeah. we are back, neil. thanks. thanks for being patient. so back to the conversation as it relates to senator rand paul. dr. anthony fauci. let me get to the clip real quick. there was this discussion about reopening schools, when's the right time to do it. rand paul, senator rand paul thought that scho