you heard kayla.re do we stand right now and do we have to wait for a cbo score to approve anything? >> brian, we don't have to wait for a cbo score to pass something. we would like to have as much information as possible about the total cost there is an urgency here and several components of this or all of it is urgent. now there's a lot to argue about how individual components are coming together, but i think it's likely that there will be a vote early next week >> have a day in mind? monday tuesday? >> the leader said it's going to be monday. he controls the schedule so, you know, we are under a lot of pressure, those of us on the team to get this poll together and tw get agreements ironed out by the end of the day today. the legislative language developed to reflect that tomorrow and a vote on monday. that's the goal. >> listen, i understand there are going to be some sticking points and kayla reported on them, but do you get any sense, senator that we are facing a national crisis. it doesn't matt

tausche has the latest on where things stand kayla? >> reporter: kelly, we're in the final moments of debate on the house floor. house speaker nancy pelosi talking about this bill, talking about the need to pass it. after this, as you mentioned, members will be taking a ten-minute recess where they will figure out exactly what shape this vote is going to take, whether it will be a shorter voice vote or a longer recorded vote depending on how much opposition there is will you see the house members socially distanced spaced out in their seats and during the vote they will be filing on to the floor 30 members at a time so it will take a little bit longer than usual in any case i mentioned that objection there was a late-night scramble after kentucky lawmakerthomas massie raised some of his own objections to the bill forcing lawmakers to scramble back to d.c. there's also been some concern raised by fiscal conservatives in the house they put out a statement, the freedom caucus did, about how they feel that this is too much spending but it'

for markets, kayla, it's probably going to come down to a dollar figure. is there anything we learned this afternoon, other than it may be na expanding to checks to households in the weeks ahead. >> reporter: we learned that the buckets of money comprise, at present, $500 billion in direct payments or payroll tax cut which the president, as you heard earlier today, still likes. $200 to $300 billion in small business assistance and 5ds 00 to $1 billion to those are not set in stone they'll be heavily and painstakingly negotiated with congress that's the range we're talking about right now. we are in the realm of $1 trillion of stimulus to the economy. and that's just with the package that the treasury secretary is talking about on capitol hill. >> kayla tausche, i know you'll be following this the rest of the afternoon and probably long into the evening thank you very much. >>> kelly, this is an amazing time never seen anything like it. none of us have. very interesting approach here there might be a payroll tax holiday, which helps people who have payroll

that's kayla tausche in d.c. with the latest.y, steve weiss, so, you take a government loan for one year, no buyback, no dividend, your thoughts because buybacks and dividends, for many stocks, have been a certain stimulant over the last, i don't know, ten years, minimum. >> yeah, that's absolutely right. and at record levels i want somewhat fell off in '19, but, look, if that's the price of staying solvent and being in business, it's really not a choice to make clearly, it will minor some of the investors that can buy, particularly institutional funds. but, you know, i think it's a small price to pay and absolutely legitimate, to tell the companies, this is how you have to spend your money, until you pay us back. so i'm all in favor of that. >> so, joe, i don't know that anybody, frankly, on this program over the last many years has talked about buy backs and kept track of them as closely as you have so if the landscape is changing, how does your perspective on which stocks you may want to own? >> well, it lends evidence to what

kayla tausche has that for us. kayla? >> kelly, our eyes turn now to capitol hill, where we are going to watch a socially distanced senate take up an elongated vote on the second coronavirus relief bill this is the one that provides roughly $105 billion worth of paid sick leave to an estimated 40 million americans mitch mcconnell has doubled the allotted time for this vote, because hep doesn't want lawmakers to be congregating in this chamber now, not all lawmakers have liked this bill. senator marco rubio, the republican from florida, whose state is heavily exposed to tourism and the cruise industry thinks that it unfairly incentivizes companies to lay workers off instead of providing this benefit but he said that the treasury secretary urged lawmakers yesterday to go ahead and pass this and then make any changes that they feed to, in any follow up legislation because the big deal is what comes next and that is this 1.1 trillion stimulus bill that the treasury is putting together and could send to the hill as soon as the

., as congress tries to put the finishing touches on the details of this massive stimulus deal hi, kayla>> reporter: hi, tyler and we are expecting a vote at some point today, but now three republican senators are calling for some edits to be made to the nearly final draft legislative language that was circulated early this morning senators tim scott from south carolina, ben sasse from nebraska, and lindsey graham, also from south carolina, saying that there is a massive drafting error that incentivizes people to seek unemployment bonuses rather than working in jobs where they would work up to 40 hours a week a spokesperson for senator sasse says that they are working on an amendment to fix this by making sure that the maximum unemployment benefit is 100% of someone's salary, so that people get the benefits they need and supply chains in industries that rely on some of these hourly workers like the hospital industry can keep running. so we are going to stay tuned for that we might hear from some of these senators a little bit later today. it's not surprising that in more than 800 pages o

tausche in washington, kayla, thank you very much >> all right now let's bring in guy adami and timmour. guys, i want to listen to this to highlight how volatile the markets have been, the 11 largest point gains and drops and four of the largest pesa percentage moves of all time have now come in just the last three weeks. we are literally re-writing the record books in many ways. do you believe, guy adami that a stimulus plan will calm these markets at all or is kind of the expectation already priced in? >> it will help, and it's great to be back with you. >> it clearly will help and yesterday on a day where obviously the market had a difficult day, i tried to point out some of the grain chutes i saw and we mentioned the fact that the indiscriminate selling was gone and you saw recovery in some of the chip names and there was some reason for optimism now today on a day when the market is up historic amounts and i hope it gets pushed through and they do it in a thoughtful way, but it concerns me that you saw the vix go from 52 to 61 market, you know, not that it matters all that much

passing of ta that recovery bill in washington steve is breaking down the moves by a very busy fed kayla, let's begin with you. >> reporter: after a chaotic 24 hours and a few couple week of tense negotiations, this lbill passed the house in under a minute with a chorus of voice votes supporting the package you saw bipartisan leadership from the house of representatives signs this bill, entering it into the official record on capitol hill from there it's going to be sent over the the white house the legal team will review it there. i'm told by a senior official that president trump intends to sign it as soon as possible and that you may see a photo op of him doing that those details are still being worked out what comes next from that? obviously, you have different agencies that will be working to grease the skids to get funds to the intended recipients. different eligible businesses, different eligible workers who are hard hit and applying for some of these unemployment benefits now there's already talk of phase four and even phase five of a relief bill the timing might make that a litt

kayla? the it's no longer the president advocating for himself but it's normal people advocating for the president that normal people would want the president and that they are very much for his policies and that he has caused all of this l economic boom and all of poli these -- all this prosperity within the country. >> yeah. untry. so the focus -- the hero of this story is franklin roosevelt. right, he's featured at the end, his portrait.osevel but he has a variety of other people who are helping sell this. a comedian in this capacity, a variety of different celebrities come out for franklin roosevelt to do this. radio spokesmen and radio capacy personalities all are selling the president for him.of so again a different kind of production team in terms of selling a particular policy. excellent. adam?ident >> it kind of creates the sound bite. so if you can take different snippets of what the guy was saying like give back to the president or give a man a job, those are easy to remember ent

kayla? >> yeah. was gonna say that you can see the contrast between the democratic party and they're trying to -- they're continually asking people to look back at what we've done. not even what stevensonas done necessarily but whattween other justrats have done and linking the partyha together, because he's a will be as successful as past democrats, whereas with ike's campaign it was very much looking towards the future and not -- well, because they didn'tmocrat really have a great in recent years to look back to, that they would want toing to advertise, so they had to push past that. eayout can see that contrast hk talso, just a lack of prioritizing media and honestly, like there's no creativity here, which would make sense, because they didn't prioritize it. that this.nitely hurt them in >> and i think that's really important, to think about, that the democratic party haddidn be in office for 20 years. that is a long time to controlfo the white house. and they had done so in a way that built a coa

the question is what is in the bill and how soon can we expect passage by the house kayla joins us we thought we would have the full text before the market opened. >> reporter: some people have it, kelly. a copy was circulated among law ma makers before senators held calls with treasury secretary steven mnuchin i obtained a copy of the text. it's been confirmed by a senior administration that it's accurate unemployment benefits are ex pandem expanded payroll taxes can be deferred until 2021 there will be $500 billion in corporate aid with strings attached requirements on compensation and returning money to share holders. no dividends while a loan is outstanding and no buybacks for those companies for another year after the loan is paid off small businesses have accesses to a $350 billion loan program to cover payroll and rent. senator majority leader mitch mcconnell said that small business relief is part of the hallmark of this package. >> this is not even a stimulus package. it is emergency relief, emergency relief that's what this is. no, this fight is not going to be won or lost i

kayla is in washington with the response to lawmakers. and we're covering the latest on the virus itself bob, first to you on another roller coaster ride today here at the stock exchange. >> we have a quiet morning i say relatively quiet, it was down 6% tach take a look at the s&p i urge you to watch it emotionally. he said we need a 30-spring break. this slow rollout of a shutdown is not working market dropped quickly to the lows of the day. we hit the circuit breaker at 12:50 eastern time, 15-minute pause. we reopened. we have not dropped to the he second circuit breaker level, 13%. that would halt trading for an additional 15 minutes. after 3:25, no halt unless we drop 20% dow movers today, the big story, boeing, talk boeing. $60 billion for the whole aerospace industry coca-cola got a downgrade on mandated closures for businesses all down 10 to 15 in the cause of boeing, even more than 20%. the reason the market is concerned, put up one board to demonstrate the concern. it's a very rare day when you see corporate bonds, that is the lq

. >>> joining me now is washington correspondent kayla tausha. let's listen to something that the president said on friday and then talk about it. >> we will have americans staying home instead of going to spend money in other countries and maybe a reason that the job numbers are so good. we have had a lot of travel inside the usa. >> so the associated press fact checked the comments and wrote that is not a reason that the job numbers are so good. kayla, this is -- you know the second half of the story, you know, as people are grappling with what to do here, obviously we have those who are ill and who need treatment and very focused on that. however, there are millions of americans trying to prevent themselves from getting the disease and well beyond not shaking hands as senator merkley so correctly pointed out. people aren't getting on airplanes, don't want to travel. what goes through kind of what the economic impact is of this, right now, but also in the long term? what are we looking at sneer. >> the problem is a lot of companies, investors d

kayla. >> brian, a game changing day in the most populous state california isn't tallied still too early to 54% of the kroet in and sanders leading in. but biden closing the distance with sanders, biden with 513 total delegates according to nbc news bernie at 461 the next stretch of primaries including a slough of swing states where moderate voters feature prominently. in the exit polls we learned that only a quarter of voters said they were liberal appear in most viewed socialism unfavorably. mike bloomberg was unsuccessfully in the bid for those voters and this afternoon he gave public remarks after ending the 100-day half a billion-dollar campaign and got a little emotional >> our campaign for a better america, a stronger america, a more just america, more equal america, and a more united america continues. and together we will get it done thank you. >> part of the way he is going to do that is by endorsing former vice president joe biden and pledging resources toward the effort now legal

he said whatever the president's decision is will be made with expert input >> you know, kayla to that point, we have -- i don't know what to call it, commentary, official statements about maybe moving along in terms of reopening the economy. what is the w0ord or the thought process about something like that as far as you can tell? >> reporter: early today, dr. anthony fauci, who is on that fa task force, says the idea is under intense discussion, but he believes we won't have the data to see whether this curve has been flattened until several weeks from now the top military official said he thought this crisis wasn't going to end for several months. but then you have people like new york governor andrew cuomo who says he believe there is is a way to do both, reopen the economy and keep people safe one idea is to let young, healthy workers who have had the coronavirus, they should be allowed to go back into the office and start the economy running again. >> kayla, thanks we'll continue to follow that. >>> we had $40 billion worth of two-year notes just go up for auction. more scrutiny

kayla?ing to say it is no longer the president advocating for himself, but it is normal people advocating for the president. that normal people would want the president and are very much for his policies. and that he has caused the economic boom and prosperity in the country. >> so the focus, the hero of this story, is franklin roosevelt. he is featured at the end, his portrait, but he has a variety of other people helping sell this. a comedienne in this capacity. a variety of celebrities come out for franklin roosevelt to do this. radio spokesman and personalities are all selling the president for him. again, a different kind of production team in terms of selling a particular policy. excellent. adam? >> it kind of creates the soundbite. you can take different snippets of what the guy is saying. give back to the president or give a man a job. those are easy to remember jingles, so you could put those in radio advertisements that appeal to a general audience. they will remember that message,

prepared kayla tausche kick this is off. >> i'll jump right in.ederal records show up to $3 million in stock sales in the weeks after a private coronavirus briefing, both you and your husband who runs the new york stock exchange said these were conducted by third party advisers without your involvement but who were the advisers and what regular communication do you have with them >> kayla, thank you for having me on. i want to tell you that the third party advisers are same one that is many americans rely on for their investment advice i have no involvement in these decisions. i don't have conversations with them about any of this and so, this is a very third party relationship that many people are familiar with >> were these part of pre-planned scheduled stock sales? or were these individual investment decisions that were made by these advisers given what was facing each of the 29 companies where you or your husband trance acted in recent weeks? >> these were completely discretionary trades that the decision of our investment managers we had no i

with more on this developing story kayla tausche? >> reporter: late-day snags in the stimulus bill that was supposed to sail through with bipartisan support after days of negotiations progressive alexandria ocasio-cortez and bernie sanders are vowing to gum up the works and delay a vote in either chamber if senate republicans succeed in getting changes that they have sought earlier today aoc tweeting, there is absolutely no good reason why senate republicans are tying a historic corporate give-away to getting relief money in the hands of families. sanders says if republicans get their way, he'll move to add more conditions to the $500 billion loan program that he is calling a corporate welfare fund earlier today three senate republicans objected to the fact that for some states workers who are laid off and get unemployment benefits would be making more than they would have made had they been employed. they say that is a perverse incentive. here's senator lindsey graham. >> this bill pays you more not to work than if you were working.

i think coming off the kayla headlines it is very important because saudi arabia and russia are members are currently involved in a devastating oil market share price war in the global markets of which the u.s., industry, your company and employees are caught in the middle of it do you believe there is some kind of political solution to stop this oil dumping war where it's clear and it's just the last country standing? >> yes, brian. it's great to hear you again a lot has happened since the goldman sachs conference, but we're focused on the industry. we've asked poet us potus to st the price war. pompeo has called mbs and the g20 and the g7 have both put significant pressure to stop this price war and if we don't we'll be importing 60% of the crude from the middle east >> what have they said they're dialed in and you're the only ceo in the opec meeting i know your ear is to the ground have the saudis made any explanation for what they're doing? why suddenly this massive rift between two countries that were sort of joined at the oil hip. >> you have two personalities between mbs and puti

even after it made the government money >> kayla, thank you. up next, the big three automakers taking the extraordinary step of shutting down their north american factories. jim press will tell us what that means for employees and suppliers. and we've got an analyst who says we're living through the greatest retail disruption of our lifetime he'll join us with a look at the companies that may not survive >>> and initial jobless claims surging by 70,000 and the philadelphia fed index falling by the most on record in march to minus 12.7 from plus 36 in february so starting to show up in the data this economic sudden stop. we'll be right back. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. our retirement plan with voya gives us confidence... ...we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'm good at my condo. well pla

winners in this overall market sell off let's focus in on the big stories we are watching at this hour kayla has the latest on the rescue package mike tracking today's pullback in the markets phil lebeau is covering the automakers for us as president trump slams -- phil, first to you. >> well, the white house just put out an announcement. the president is expected sign the act around 4:00 p.m. in a formal signing ceremony at the white house. this comes after bipartisan leaders on capitol hill both in the house and the senate signed the bill today officially enrolling it into the record as the largest stimulus package ever passed in american history. there's house speaker nancy pelosi just last hour. now we worry about what comes next and how exactly these funds will flow to main street and to the businesses that are hardest hit by this crisis there are a few upcoming dates in april that are in focus as we think about how this stimulus will be delivered and how a potential phase four would factor in. on april 1st, you have rent and bills due for a lot of people. mortgage, rent, credit cards,

kayla, thank you we appreciate it kayla tausche is in washington >>> let's turn to oil, which is looking to rebound after plunging to its lowest level yesterday since 2002 in fact, yesterday's 24% plunge was the third worst day on record today, a rebound with oil spiking more than 20% in the session, now, which would be its best day ever. but still, it's down 44% in march. you guessed it that's its worst month for more on where the price of oil could go next, i'm joined by paul sanke, and our own brian sullivan is here with us as well brian, was it you or did someone else out there say that oil could go negative? i was focused on negative bond yields, now negative oil prices, too. >> it's possible, yeah listen, it's the high risk, you know, for a low probability outcome, kelly, but it's not out of the question. here's why you've got a store at summer we talked about this yesterday on your show and again, if all the storage tanks get full, it's possible, it's not probable, nobody is saying this is the outcome, but if you've got oil and there's nowhere to put it, it's conceivable you might

seeing in the market kayla?rter: sara, we're seeing only late-day snags in support for stimulus bill. last hour we told you about three republican senators who are pushing for some language changes in the bill because some workers would stand to earn more through these unemployment funds than they would in their median incomes in their current jobs. now senator bernie sanders has tweeted unless republican senators drop their objections to the coronavirus legislation, i am prepared to put a hold on this bill until stronger conditions are imposed on the $500 billion of what he is calling a corporate welfare fund that is the money that is earmarked to go to aircraft carriers -- or air carriers, to national security companies, and to these $450 billion of eligible miscellaneous businesses that will receive this money so he's pushing for more restrictions on that to pass, you just need 60 votes. if the senate goes down a more arcane path or a simple majority if it's more straightforward but there is a gumming up of t

phil >> this plays off of what kayla was reporting on the government aid package of which the airlines are trying to get 58 billion when you factor in the cargo operators. to underline the urgency of the situation, a letter just sent out by the president, ceo and union leaders say they want a deal by the end of march or payroll cuts will have to happen they say if congress doesn't act on sufficient government support by the end of march, our company will begin to take the necessary steps to reduce our payroll in line with the 60% scheduled reduction we announced for april. may's schedule is like ly to be cut even further if kayla's reporting holds in terms of whether or not we see a vote on monday and potentially some passage of this bailout by early next week, then there won't have to be payroll cuts at united, but the airline is saying today, guys, it needs to deal locked in by the end of the month or they'll move forward with payroll cuts. whether that means a pay cut, furloughs, some combination of both >> thanks so much for that airlines and few select stocks getting a bounce toda

kayla kennard gets one vote.he antiestablishment pitch of bernie sanders resonate with young voters across the board. tonight will be a test of this coalition. kayla lives in michigan here in wayne county. let's go back in time to 2016 primary. hillary clinton ran it up big in wayne county. if you look at the map tonight, we'll come back to 2020, here is why it matters. in three of the big prices tonig prizing tonight, michigan and missouri and mississippi. biden is hoping to put together the same coalition he had to win the super tuesday states. african-americ african-americ african-american suburban voters. establishment backing is not the way to beat donald trump in november. >> a campaign like joe's which is frankly the same old, same old establishment politics supported by the wealthy and the governor and the senators supporting them, does anybody think that's going to beat the campaign of excitement and energy that's going to grow the base that we need to beat trump? i don't think so. i say it honestly as a

us more about the administration's new hiring and firing policy is white house management director, kayla thank you for joining us. >> thank you for having me, stephen. >> stephen: so, kayla-- >> director mckenzie. >> stephen: my apologies. director mckenzie, what do you actually do there at the white house? >> my job is to cull the weak, stephen. >> stephen: really? how old are you? >> how dare you ask a woman her age. what else to expect from fake news cbs. you're as bad as the never- trumpers at nick jr. >> stephen: we've got a great show for you tonight. tyra banks is here. but when we come back, our real news anchor goes to south carolina to see what voters really think. stick around. ( cheers and applause ) ( band playing ) what! she's ziplining with little jon? it's lil jon. even he knows that. thanks, captain obvious. don't hate-like their trip, book yours with hotels.com and get rewarded basically everywhere. hotels.com. be there. do that. get rewarded. that's a zzzquil pure zzzs sleep. our gummies contain a unique botanical blend, while an optimal melatonin level means no next-d

kayla, what can you tell us? >> reporter: well, kelly, we are awaiting the president going to fema, having that teleconference with the governors, talking about efforts at the state level to combat this virus that is expanding by the day i've been talking to sources who are close to discussions on capitol hill where the senate and the house are trying to put be ento pap pen to paper on what this stimulus package looks like. the price fashion is expetag iso grow it's likely to only get bigger the second point is lawmakers are skeptical about a bail out of boeing. they believe there are many industries and many companies that are deserving of stimulus because the coronavirus, as they see it, is an act of god boeing have been describing in the same realm as aig become in the financial crisis whose current situation is the result of their own corporate decision. underwriting a lot of risky securities in boeing case, the issue with the 737 max throughout the course of this year. unclear whether the administration will

. >> did she go by the name kayla?arts with a k, kiana. >> she told me her name was kayla. >> reporter: he identified all four women. >> so her, her, her, her? right? >> reporter: each murder went the same way, he said. he and canno picked them up in the suv, drove them back to the auto body shop where gordon worked. they took turns having their way. then, just as each woman prepared to leave -- >> strangled her with my hand. >> you track -- strangled her? >> reporter: some of the details in that 13-hour interview were almost more than a seasoned detective could stand to hear. >> as he was hurting martha, she told him, i didn't believe in god, but i do now. there is a part of me that's grateful that she found god at the end. it's disturbing to me that in his response he said, you picked a hell of a time to start believing in god. i'll never forget. >> reporter: but she had it. a full confession. she called jerree's mother, jodi. >> i dropped to my knees. detective trapp gave me her word that she would find who killed m

"dateline" associate producer kayla ward spent 30 minutes talking with muller in jail through glass onras, no recordings, no note taking allowed. >> what's your initial impression of him? >> extremely talkative. it was like he's in his element. he was laughing. he was joking about the books. >> what's his answer as to whether or not he's guilty of the crimes he's accused of? >> he wouldn't deny anything, but he wouldn't say he was guilty of anything. >> she asked him about samantha. >> i said, well, we recently interviewed a woman, and her case matches denise huskins and aaron quinn's cases. his eyes got wide, like he couldn't believe that i was bringing this up. >> but he denied knowing anything about samantha's case or the one in palo alto. then kayla asked about denise huskins. >> he looked at me intensely and said can you imagine being woken up in the middle of the night, taken from your home, sexually assaulted and then you're brave and then it is used against you by the police. there was tears in his eyes. he was very emotional about it. >> putting on a show? >> he might have bee

joins us with more what is the update, kayla? >> sara, i just got off the phone with the senior administration official who said this point, they're hopeful to have an agreement or solid agreement between all parties involved by the end of today around sunset is what this official said. now there are still several issues to be hammered out i'm told one of those is the size and the features of this main street lending facility from the federal reserve that's going to stand as a compliment to the loans coming out of the small business administration. there are details about who will qualify for the loans and what the exact size of the package is that are being worked out then once some of these sticking points are finalized, then negotiators will have to go through every piece of this deal text to make sure that everything checks out the way that they all want it to so it is unlikely from that estimation that we are going to have a vote tonight although in washington, we know that anything can hachl bppen, but a right now, it doesn

dr let's get to kayla for the details. >> reporter: i've just learn frd two sources familiar with the matter that the white house earlier today convened call with major wall street and hedge fund investors to get their views on what's happening in the markets and the u.s. economy i'm told president trump, vice president mike pence and well as dan loeb, jeff sprecker and paul jones from just capital. i'm told this discussion was less action other yenriented bue for the white house to get what's going on behind the scenes what the federal reserve could do to keep areas from seizing up the discussion talked about when the u.s. economy would be appropriate to be reopened president trump saying he understood it couldn't happen tomorrow but didn't want to keep the country shut for several months it was after that call president trump went on a town hall and pro claim he would like to have the economy be back open by april 12th he said we're opening up this incredible kun trcountry because have to do that. i would love to have it open by easter i would love to have that happen he continues t

kayla has been tracking the stimulus situation all day long and is with us now on what happened what happened, what didn't happen. and what comes next. >> for a second time in two days, the vote to advance the stimulus package coming out of the republican side failed meeting are taking place in the wake of that with steve mnuchin meeting with chuck schumer, followed by a meeting with mitch mcconnell. those two back to back meetings, an update on where things stand. a senior administration official tells me it's unlikely that one meeting would yield a deal in itself, these talks continue with both sides optimistic that a deal of some sort of deal can be reached nancy pelosi suggested she would be willing to bring whatever compromise bill emerges in the senate to a vote in the house as well even as aids are circulating talking points for their own response to this floating a 2 $1/2 trillion bill. they want payments of $1500 per american, up to $7500 for a family of five increases in unemployment insurance. more than 200 billion for hospitals and triple the amount of spending for educat

. >>> the 17-year-old kayla boyd is still dancing. her studio is closed.er performances called off. even her team's trip to ireland for the championship cancelled. >> it is bad. we all worked so hard and cannot be able to go. it is very hard. >> but that hasn't stopped her. now her dance studio is her living room. her mom also her instructor is teaching class just eight feet away in the kitchen by teleconference. >> so right leg out in front of you. >> reporter: it is a way to keep dancing and keep this small business alive. >> we love these kids so much, but our business right now depends on it. we're cancelling classes but we still have to pay our rent. >>> these dancers don't know when they will be able to meet up in person like this again, but sitting still for the next few weeks was never an option. >> i i think they were all happy to have something to do today nat involved their community. it is not a perfect solution. the video and music don't sync up completely but it is one way these dancers can keep their feet moving and keep their spirits up. >>

for that let's get to kayla tausche. >> brian, house, senate and treasury trying to turn that $1 trillion economic stimulus proposal into legislation that could see a vote as soon as friday according to aides on capitol hill earlier today senate majority leader mitch mcconnell said this is time sensitive and urgent issue. >> i would recommend senators stay around, close, just how long it will take to get through these steps is unclear, but as everyone knows, we are moving rapidly because the situation demands it >> after a paid leave package passed today this would be the third and biggest wave of money unlocked to combat the coronavirus. as it stands now it would include $500 billion in direct cash payments to americans beginning april 6th. about $100 billion in injections for hard-hit industries and about $300 billion in loan programs for small business. the size and the urgency of this is evocative of the bank rescue package from the financial crisis when the first vote on that t.a.r.p. package fail, the markets fell 7% and that is a move that pales in comparison to the moves that we'v

kayla tausche in d.c do you believe that a, boeing deserves some kind of aid package and b, if it doesould the u.s. government bein come a stake holder, basically a seat at the table. >> if you think the u.s. airlines is want of their doing. it's not at boeing's doing the stock was trading at $340 and if the market is a weighing machine and a voting machine, boeing wasn't seemingly going out of business in what is still a very difficult 737 max story for the company and boeing's problems right now are leverage that is coming from not selling any to companies and airlines collecting fleets and no longer revenue. it's more important than its commercial aircraft business and i think absolutely boeing is not only going to be saved, but i don't think boeing in the context of not planning the pizza parlor and not planning the corner deli, boeing shouldn't be blamed for what's going on in airlines in terms of buying planes in a traditional format >> we know they have a lot of work to do and even in the best place market scenario, they were hoping to get back in call it late second quarter and

entrepreneur as i worked with bauhaus designers such as marcel briar and peter kayla as well as that user who could bag the assistant of respond. he's now handed over management of the detector furniture company to his nephew. it's one of only a handful of companies worldwide permitted to reproduce original bauhaus furniture it has a license for about 30 designs. all the furniture here is produced by hand there's a carpentry workshop and upholstery and a metalworking shop the company focuses on making small numbers of luxury products bauhaus has become an exclusive brand remind us we do we need these workshops here on site because then we can work closely with those creation the products we want to be involved in the details we think it's very important to see art and craftsmanship as one unit. having artists who also work as craftsmen was a revolutionary concept a 100 years ago but the powerhouse designers and students experimented freely with fabrics metals wood and ceramics the result was prototypes that could then go into industrial production. luxury products made for the view w

let's get to kayla tausche with what was live with the white house response. >> an unprecedented stimuluskage the white house is proposing, $1.3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary steven mnuchin putting forth this proposal on capitol hill today to senate republicans. it includes, according to a senior administration official $550 billion in direct payments to americans or tax relief up to $300 billion in small business aid and up to $100 billion in targeted industry relief and add to that an estimated $300 billion in deferred tax payments. the treasury secretary said the benefit to the american economy is greater than of the cost. >> in different times we'll fix the deficit. this is not the time to worry about it this is the time that hardworking americans are impacted by government decisions. that's when the government has to step up >> this proposal is a third package that follows an $8 billion funding package that helps agencies, and a house bill that passed last week that provides an estimated $105 billi

kayla joins us with a recap of many, many big details, announcement that is we just heard at the white house. >> reporter: kelly, no question. it is the most vigorous briefing yet from the white house seeking to unveil recommendations and financial moves to bolster confidence in the american health care system and the economy. the biggest news from the treasury secretary saying that the fed authorized to purchase up to $1 trillion in short term financing that americans who file their taxes can defer payments up to $1 million. and that the administration now supports direct payments being made to american households. the secretary saying that it's likely this will be higher than $1,000 price tag discussed on capitol hill and that it will be means tested so the money doesn't go to millionaires here's the treasury secretary. >> we've heard from many people and the president said we can consider this. the payroll tax holiday get americans money next six to eight months many companies have shut down, bars or restaurants, americans need cash now and the president wants to get cash now. i mea

. >>> steve liesman has the latest from the fed kayla tausche is tracking the fed response from washington much more from her as you just heard. let's start with you, mike, on the key market levels. >> we just bounced off a key market level, wilf s&p 500. we closed yesterday about 1% above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. i think you can make the can case between thursday to monday you had a multi-stage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive we're down 30% from the highs. this is the 2000 to 2002, if you want to call it 2003, bear market when did we get to a 30% loss? right here, right after 9/11 rally attempts, retest, further low and then a decline from that point on, you were kind of even in a little over a year if you bought the down 30% number look at 2008 actually a littlemore than a year 2008, you were even at not too long roughly down 30% area

kayla is covering a new move from the white house to assess the risk of the virus and steve liesman is covering today's h historic jobless numbers, but first, to you on the jobless market >> it's almost an equal and opposite reaction to the sharp plunge we've had almost vertical gain of about 18% in the s&p 500 from the lows three days ago it's opposite in direction look at though what we're trying to make up if you look at a long-term chart of the s&p 500, that decline, that 30% one month decline essentially plunged right below the overall uptrend line from the 2009 low, so it really just laid waste to that entire trend and now this bounce, it's hard to see there, but on the right, this bounce is almost written on the same line higher and it's almost back to that line so maybe this is just one of many of these points along the way that we might have a test of what this index is doing right now. so a lot of times i think the traders are making the point the last ten or 15% to the downside looked like a slight overschutte based on what we know about financial conditions what's leeting t

kayla?ading the cue cards and that very awkward pan to the front was kind of comical. but i think for the time, this is brilliant because it's a person and eisenhower together and they're talking to each other. it goes one step further than the fireside chats. it's not just personable over the air waves. it's personable in person with the candidate and the american people have a chance to directly talk to him about their concerns. >> uh-huh. excellent. and again, it does personalize this conversation that ordinary americans are talking with this presidential candidate. it also, if you notice, the people they bring in allows him to speak to particular demographics. women, african-americans, trying to bring them into the republican party. and the timing of these mattered. so while adlai stevenson purchased longer chunks of time later at night, what the republican party did is that they purchased expensive slots that were only 30 seconds long. that were maybe a minute long for the "ike for pres

hi, kayla. >> hi, sara. the money from that historic bill is just starting to be unlocked this week even so, the federal government is keeping its options open for other ways that it can help the economy from relaxing regulations to potentially exepmpting things from tariffs there is also talk about what could be included in a fourth phase of stimulus funding from congress even as congress is out of session until april 20th one specific thing that will need to be include d is funding for the oversight program into the corporate loan program that was a glitch by an aide left out of the third phase of that bill, but interestingly and most critically, democratic senators and members of the house are calling for more money from hospitals and states. those fighting the b front lines of this virus. here's andrew cuomo earlier today. >> there are no red states and there are no blue states and there are no red casualties and blue casualties. it's red, white and blue this virus doesn't discriminate. it attacks everyo

hey, kayla >> reporter: hey, carl i've been talking to my sources. regulators here in washington are likely to pursue more regulatory changes to free up liquidity for banks to be investing to keep the markets functioning more seamlessly than they are right now one change that is under consideration right now is the occ, the office of the comptroller of the currency is considering relaxing its 2013 rules over leveraged lending this is essentially a way to take some of these barriers or guardrails off of the banks that would prohibit them from making loans to companies that are being perceived as risky companies, as some of these energy companies, for instance, slide down the credit scale and their capital or their balance sheet becomes less healthy in this case, if this were to happen, banks would be able to continue extending credit to them i am told, though, that there is a significant amount of resistance to making this change, largely because when these rules were put in place in 2013 from then until now they've been seen as effective and they've

states are voting and investor are watching closely who will it be sanders or biden kayla tausche has more >> sara, it's a watershed moment it seems so many dramatic developments over just the last week more than 1300 delegates, and however they shake out is going to determine thefuture o this race. right now senator bernie sanders has just a seven-delegate lead on the former vice president joe biden. elizabeth warren has eight delegates total. bloomberg has none, but he's making his first bid for them today. he said earlier today in florida, he does not believe it would be winner takes all. >> you don't have to win states. you have to win delegates. what happens here is nobody gets a majority, at best somebody will have a plurality, and then you go to a convention and you see what happens at the convention. >> here in california, sanders has maintained a sizable lead, even with biden surging in recent days and closing in on that lead. even despite the anti-corruption rhetoric that bernie sanders has become infamous for, here in california, he is getting the most money of any candidat

as the number of cases of coronavirus continues to multiply here in the united states let's go to kayla in washington for more on the administration's response over the weekend. there were lots of backs and forths and travel bans and possib possible quarantines tell us about it. >> reporter: now president trump says the white house expects peak virus in two weeks and is backing off a re-opening the economy by easter. virginia and maryland now announcing stay at home orders and new york's governor says the competition among states for supplies is intensifying >> we're fighting amongst ourselves. we're kpeetsi icompeting amongs ourselves. when we started buying, they were under $20,000 they are now over $50,000 if you can find them. >> reporter: as providers try to get supply, businesses try to keep the lights on will have access to those small business loans beginning friday the corporate loan program, the o oversight is coming into view. the watchdog has been named as glen find. the acting inspector general will be the pandemic response accountability chair one glitch of the relief bill

steve on a surprising move from the federal reserve chairman let's start with kayla >> the house of representatives is set to vote tomorrow morning. it's expected to pass easily businesses and workers are pursing the nearly 900 pages of legislation to find out how they can access the funds provided. the treasury secretary offered clarity saying the direct cash payments should be received within three weeks fore kwlouclosures and eviction be put on hoeds and small businesses should be able to use some of these loans to rehire workers that were laid off and large share of the unemployment claims we saw in the last week there were some businesses that were left out. democrats removed language that would have provided $3 billion for the administration to buy oil. the postal service got $15 billion less than it was seeking. the cruise industry was left in limbo and may be seeking a legislative fix. many states like new york got far less than they were seeking. nancy pelosi said there will be likely another stimulus bill to deal with that >> there's no question that more money will be needed can we do it

kayla has the latest on the stimulus bill. steve liesman is covering the fed's historic moves again today and meg is following the latest treatment developments mike, first to you on the market another big sell off despite another big fed intervention >> yes, definite ly a big sell off. though i have to say the intentionty of it, i don't know if this is much comfort, but the intensity isn't what we were seeing last week obviously we get up to the flat line and we're pinned on some of these headlines coming out of the senate, but if yu look at a five yore chart of s&p, it will show you what a lot of chart readers are looking at which is perhaps downside targets now being revised below 2200 to the mid to high 2100s. that gets you back in fact we dipped below 220 and sort of got to november of 2016 levels so that's how far back in time we're dialing. the within there's significance in that area is that we spent a lot of time in 2015, 2016, right around there, so it seems like it might be an obvious place for some selling to let u

we don't know but that's how the conversation played out once the cameras left >> big stuff there, kayla, we appreciate that. go around the table and talk about this guys. all of us were in the markets or covering it in 2008/2009 we had measures, all the acronyms guy, is there a fiscal measure, n not monetary policy but fiscal measure to stable the markets and everything else. >> no, just stabilize the markets. anything they do won't have people running to watch the knicks or rangers game that's not going to happen. >> markets then. >> that's the main concern, i think that's what they're concerned about. i do think some fiscal package could stem the tide in terms of what the market's doing. without question going to change consumer behavior overnight absolutely not there's nothing they can do. difference is exactly that that was fiscal thing. this is emotional, consumer driven potentially thing i can't tell you what's going to change that. what i can tell you quickly is if stock 20 from $40 to $88 in three days, would be like what a move that's effectively what's happened in ten-year yie

for more let's hear from kayla >> tyler, it's business as usual on the kpacampaign trail despite being of the age group most vulnerable. there's been handshakes, hugs and very similar messages from the two candidates that the source of the volatility is a crisis in confidence in the white house and the cdc and the medical community must be trusted. the candidates are vying for 365 delegates tonight. michigan is ground zero. a win there for biden would make him the run away leader or could reset sander's campaign like it did in 2016. the labor vote, a third of the electorate is still a toss up. polls have been favoring biden but they have been wrong before. washington state is the second highest delegate prize candid e candidate. candidates have been focusing on michigan washington, despite having the high delegate prize has the highest number of covid-19 cases. as for stimulus in response fo the virus and fall out, sanders tweeting about paid and sick leave. a position backed by his democratic colleagues in congress too it's not clear which measures the former vice president would supp

centene on pace for its best way since 2012 let's get to kayla for more. >> democratic voters showed a clear preference to double down on obama-era policies instead of pursuing massive progressive policy overhall. former vice president joe biden swept the states, stretching from massachusetts to minnesota and across the entire south. earlier today senator bernie sanders acknowledged the race is getting tight. >> i haven't seen the latest delegate count, but my guess is that after california is thrown in the hopper, it's going to be pretty close we may be up by a few, biden may be up by a few but i think we go forward basically neck and neck. >> at this hour, nbc news shows sanders with 459 total delegates, 52 less than biden, whose super tuesday haul was enough to cause elizabeth warren to reconsider her candidacy and force mike bloomberg to exit and divert his funds and resources to biden bloomberg is expected to address his staff and supporters at this hour first public comment since the statement this morning about his decision and we'll bring you any news from that about his next