please welcome to the stage lauren blakely and stacey and.short story collections delight us with their insight and intelligence the finalist for the short story collection are. [inaudible] [applause] [inaudible] [applause] [inaudible] no. [inaudible] [applause] [inaudible] [applause] [cheering] the body goes to harper audio. [applause] [cheering] fiction reveals truth and earth meeting transports us and grounds us as one apparently the president does not read fiction. [laughter] >> fiction is what dazzles us just like the final in catalyst agenda finalists have dazzled us. [inaudible] [applause] [inaudible] [applause] [inaudible] [applause] [inaudible] [applause] [cheering] and the audie goes to the audio for the water dance. [cheering] [applause] >> she is a los angeles-based actress and founder of the food co-op she has a multiple audie award winter, two-time odyssey award winner, a golden voice and has been an ducted into the audible hull of fame. jacqueline woodson is the best-selling author of more than two dozen award-winning books, sh

please welcome to the stage lauren blakely and stacy and chin.applause] >> short story collections, tiny worlds into other worlds delight us with her insight and their intelligence. the finalists for short stories collections are -- >> and the audie goes to harper audio for "full throttle." [applause] >> fiction reveals truth, unearth many, transports us and grounds us at once. apparently, the president doesn't read fiction. [laughing] fiction is the magic that thousands us, just like the following finalists have dazzled us. >> and the audie goes to penguin random house audio for "the water dance." [applause] >> bahni turpin is a los angeles-based actress and founder of a food cooperative is a multiple audie award winner, a two-time odyssey award winner, an audiophile magazine golden voice has been inducted into the audible hall of fame. jacqueline woodson is a best-selling author of more than two dozen award-winning books, a four-time national book award finalist, a four-time newbury andre winner, a two-time naacp image award winner and a two-ti

next presenters are a well-written pair buying number one new york times best-selling author lauren blakelyho can often be found listening to an audiobook usually romance or humor or comedians memoir. stacy is a jamaican mother, writer, traveling artist and activist and author on the other side of paradise and the original mother struck is a ride or die new yorker who refuses to leave brooklyn. please welcome them to the stage.ok [applause] >> tiny windows into other worlds the finalists for short story collections are and audie goes to. fiction reveals truth. and transports us. apparently the president doesn't read fiction. ly[laughter] fiction is the magic that grabs us just like the final finalists. >> the audie goes to the water dance. [cheers and applause] >> a los angeles-based actress d multiple award winner and audiophile magazine and the best-selling author of more than two dozen award-winning books and finalist and a newberry honor winner and a to time caretta scott king award winner please welcome them both to the stage. [laughter] i've listen to this like four times. the finalis

melissa: lauren, thank you. now to blake burman as we await for an update from the coronavirus task force which will be about an hour from now. blake. reporter: indeed, melissa. senior administration officials have been telling me for a handful of day that the goal going forward implementing the massive package, but there are ideas being kicked around in the white house should they need more tools at their disposal down the line. to be fair this was described to me as senior administration official, quote, unquote, super preliminary but here is the ideas i'm told. includes building out the payroll tax cut, reducing capital-gains taxes, business as liability waiver should an employee become sick and producing a 50 year treasury bond. larry kudlow earlier today acknowledged that last idea, saying there has been some discussion what would essentially amount to quote-unquote, covid war bond. listen. >> we kicked this around before. we talked -- steve, secretary and i, president and others talked about selling long term paper. le

lauren simonetti on market. blake burman from the white house. we'll have more reporting from washington. phil, like i said you you are te man of the hour. you never saw a day like this. take us through it. >> never in my life. a lot of people watching this market never thought they would see a day like this. you have a perfect situation where the contract coming for delivery with no demand there is somebody out there right now that wants to sell oil and there is nobody there to buy it. in fact this is the first time we've ever seen this kind of situation, connell, and it could be a short-term situation because you look at some of the back months and the price of oil, there are still relatively strong compared to the front month but this is a disaster. it is a disaster because opec didn't act fast enough to cut production. it is a disaster because u.s. producers didn't pull back fast enough. it is a disaster more than anything because this is a snapshot of what the world looks like when it stops, when economic growth grinds to a halt. and i think

lauren, thank you. connell? connell: melissa, let's go to blake burman now. i saw in the briefing room for yesterday's task force update, i know we're waiting for another one about an hour from now, blake. what is the latest from the white house ahead of that? reporter: another one an hour from now, connell. the focus is on $250 billion at least economically. the $250 billion, extra add on for the small business loan program, the ppp. here is what i was told from a senior administration officials that negotiations are ongoing right now but there is question as to what the next size and shape of the relief might be. both sides agree on the $250 billion but democrats want other measures added on to that as well. a senior administration official telling me the operating belief there will be a vote tomorrow but negotiations are continuing what else may or may not be attached to it. earlier today chuck schumer and nancy pelosi said on top of the 250 billion for the ppp there also should be $150 billion going towards state and local governments, $100 billion for ho

fox business team coverage, lauren simonetti watching the markets, blake burman has latest from the white house and hillary vaughn is in washington. blake we start with you. reporter: 6:00 on the east coast when the president will unveil the latest guidelines going forward. earlier today he spoke with a bipartisan group from the house and from the senate. a couple different phone calls there. right now we believe he is still on that phone call with the nation's governors before he unveils the next steps later this afternoon. we're getting themes from the white house what we can expect when the president takes to the microphone. the new guidelines will be layered. no more blanket approaches for the entire country. it will be governor led. the guidelines we'll soon get will address the nation-state by state, county by county. they will talk about restaurants, bars, other public venues as well, plus sporting events. here is the president a little while ago before he hopped on the phone call with the governors. >> we'll be talking about guidelines that have been very carefully done. we'll be

for the week snapping a two-week winning spree, fox business team coverage blake burman with the latest from the white house, laurentching the markets and edward lawrence is in washington, let's kick it off with blake.

on this month's jobs report but we begin with fox business team coverage, blake burman with the latest from the president lauren simonetti is on markets and edward lawrence from washington, let's start with blake. >> let me give you three headlines from president trump in the cabinet room. i will start with where we ended off, there was a question about testing those in the vicinity of the president, the reason that's an issue because there's any policy at the white house that those income in close contact with the president will not need to be tested for the coronavirus. the way it had been or still is at the white house when you enter the gates they take your temperature whether you're a member of the media or white house staff as those now entering through the same building and entrance rather, but now the white house is stepping up those procedures as those who will come in the immediate vicinity of the president whether this staff, those a meeting, those who meet with the president et cetera will be tested for the coronavirus. we know last night the president said he took a test, most recent and it came ou

for the week snapping a two-week winning spree, fox business team coverage blake burman with the latest from the white house, lauren simonetti watching the markets and edward lawrence is in washington, let's kick it off with blake. >> while signing the phase four relief package into law this afternoon will give another $310 billion to the ppp, the small business loan program, the president suggested that more help could be on the way in the form of government purchases. he suggested the oil and airline industry could be the beneficiary of a government buying product now at low prices for future use down the line. >> we could buy oil at a great price into the future, that gives them the infusion that they need and one of the ways we can help the airlines is by taking a very large discount, 50% off or maybe more. in dubai to three or four years of tickets and you infuse them with some cash. connell: at the coronavirus task force briefing, the president talked about the possibility that a disinfectant can be used to help internally combat covid-19. lysol came out this morning and urged that under no circumstance shoul

blake burman has the latest from the white house. lauren simonetti is watching the markets and edward lawrence is in washington. let's kick it off with blake. reporter: hi there, melissa, with all of this talk about the potential reopening of the economy maybe here in the upcoming weeks president trump took to twitter today to suggest he is the one who will have the ultimate say when and where that will happen. this was the tweet from the president earlier today. he wrote, quote, it is the decision of the president and for many good reasons, with that being said, the administration and i are working closely with the governors and this will continue. a decision by me in conjunction with the governors and input from others will be made shortly. however the constitution says that neither the president nor the congress has the authority to regulate for any authority rather, to regulate for health, safety, welfare or morality within a state. this afternoon new york's governor andrew cuomo said governors from the northeast would be working togeth

blake burman has the latest from the white house, lauren simonetti is watching the markets and edward lawrence is in washington. let's start with lauren. lauren: what a day on wall street. stocks surging on signs that the coronavirus is easing. president will soon announce guidelines to open the economy back up. that outweighed sharply lower profits by jpmorgan chase and wells fargo. each bank setting aside billions of dollars expecting a deluge of billions of loan default, americans are out of work, right? dow is up four of the past six days. the nasdaq higher four days in a row now. it is actually the last of the three major averages exiting bear market territory. as you noted, melissa, investors still nervous here. we saw gold gain. saw yield on 10-year treasury rise. a lot of strength from tech, amazon. take a look, closing at all-time high, with a market valuation now first time ever topping $1.1 trillion. walmart, also a winner, finishing the green, in record territory. the only dow stock to do so since february. as you know walmart and amazon have taken a vital role during the

blake burman is in washington with the latest from the white house. lauren simonetti watching the markets. edward lawrence also in d.c., and jackie deangelis in new york, but on the markets, lauren, we start with you. lauren: what a day, right? oil saw the biggest gain one day ever, up 25%. closing just over $25 a barrel. energy stocks rising in a big way. what happened? the president said russia and saudi arabia appeared close to a supply cut, taking oil off the market. we don't know if that will happen, if they actually agree to it or how much they will take off the market and where exactly they will put all of that crude because think about it, we're not using very much right now. so supply is certainly out there. anyway, great day for the price of oil. and with that, some of the big energy stocks as well. the oil news helped investors brush aside the news we got an hour before the market opened this morning. that showed last week 6.6 million americans filed for first time unemployment insurance. 6.6 million. if you add that to the week before, we're talk

blake burman as usual following latest from the administration. we'll get lauren simonetti on the markets as well. edward lawrence reporting on small business from washington. but blake, we start with you. reporter: hi, there, connell, after initially canceling the 5:00 coronavirus task force briefing earlier today as the white house did, they put back on the schedule a news conference with president of the united states in the rose garden next hour to unveil the new testing guide lines that the white house says will be in place come may and june. the white house says that they will be giving all 50 governors everything they need to test at least 2% of that state's population. the guidelines call, for example, the acceleration of the research and development of diagnostic tests, the development of rapid response programs, the federal government acting as supplier of last resort for the states, implementation of what they say would be a vast monitoring system. along with antibody tests to help assess number of people in a community who have been previously infected

blake burman with the latest from the white house. lauren simonetti watching the markets and edward lawrence is in washington. let's kick it off with lauren. lauren: hey, guys a two-day sell i don't have was reversed. major averages closing near the highs of the session. nasdaq leading the major averages gaining almost 3% today. the nasdaq was led by big cap tech which was down for this week. three reasons for rally. first more rescue funding from the government is likely on the way after the senate approved yet another relief package. second oil prices recovering. take a look where crude closed the session today, above $13 a barrel. that is much better than it had been. a gain of almost 18%. with that reis big gains for halliburton, chevron, exxon and the energy sector in general leading the overall market higher today. and third, investors look to earnings report that continue to pour in from guidance on the coronavirus effects on the economy. here is the trends we're seeing and we're seeing it for chipotle after earnings report showed 81%

blake burman from the white house. lauren simonetti keeping eye on markets. edward lawrence with more reporting from washington as well. with the decline in the stock market, lauren, we start with you. lauren: you know what? there is a lot going on today, wall street, bottom line, connell is reacting to the reality march is prequel for april and the numbers will get worse. let's start this morning, retail sales last month, they plummeted the most on record even though stores were actually open in the first half of the month. the national retail federation expecting more than six million jobs lost. look at some reaction. jcpenney now exploring bankruptcy. best buy furloughing 51,000 workers even as online sales and curbside pickup surge there. amazon up 1%, hitting another record high. this is a sign of the times. shoppers continue to get what they need from the comfort of their couches. also wanted to show you guys oil prices. they hit an 18-year low. people around the world stay home. they're not driving. oil inventories rising by the most ever last week. ta

blake burman from the white house. lauren simonetti keeping eye on markets.ard lawrence with more reporting from washington as well. with the d

coverage of our top stories with our reporters first and blake burman on the big meeting with the bank ceo's that wrapped up moments ago. laurenimonetti covering the gyrations in the markets. edward lawrence is on small business duty reporting the loans out of washington. blake, we begin with you. that meeting has wrapped up, right? reporter: that meeting wrapped up between president trump, secretary enough, larry kudlow, ivanka trump. that meeting at the white house just moments ago. at the beginning of it, larry kudlow, president's top economic advisor talked up the possibility maybe the economy can open up again the coming weeks. that is a theme we heard throughout the trump administration throughout the day. even at one point at the beginning of that meeting as well, president trump echoed that timeline as well. listen here. >> so when we open up, hopefully short, very short period of time, we just, we're back into business. that is what we want and we have lots of stimulus. so i think we can actually with the stimulus and with the pent-up demand i think we can really do numbers that are equivalent, and maybe even better t

blake burman with the latest from the white house, lauren simonetti is watching the markets and edward lawrence is in washington. let's kick it off with edward. reporter: exactly. chairman jerome powell, federal reserve keeping interest rates where they are foreseeable future. federal reserve chairman jerome powell said the coronavirus had significant impact on economic activity, employment and inflation, further lowering expectations. the federal reserve chairman believes we'll see double-digit unemployment when the next unemployment rate comes out. he backed off saying there would be a robust third quarter going farther, saying some uncertainty around when the crone cron treatment will be available is when in fact the economy will start to pick up again. but he would not say if the announcement after treatment or a vaccine changes anything that the fed is doing. also federal reserve open market committee statement saying that the fed will keep rates where they are until they are confident the economy has weathered recent events. the federal reserve chairman saying a main street lendi

blake burman with the latest from the white house. lauren simonetti on the markets. edward lawrence is in washington. let's start with edward. reporter: right now the house is actually voting on a select committee to oversee the money for the cares act. that vote coming up next on that, adding money to the payroll protection program. at this moment right now there will be nine waves of voting because of social distancing as lawmakers will file through to do their vote on this. the aid package, the 3.5 as it is called, aid package is expected to pass. then it will end up at the white house later on tonight. this package will add $321 billion to the payroll protection problem which has been out of money now for seven days. house minority leader kevin mccarthy said 4.4 million people filed for unemployment this week are owed by an apology by democrats for letting the problem out of money because some of those people may have had jobs. >> government told them they had to shut down for the health of the nation. they made a sacrifice, but they got sacrificed for politics l

blake burman has the latest from the white house. laureni is watching the markets and edward lawrence is inng

blake burman with the latest from the white house. laurenhe markets and edward lawrence is in washington. let's kick it off with

blake burman with the latest from the white house. lauren simonetti on the markets.ce is in washington. let's start with edward. reporter: right now the h

blake burman could covering thet from the white house, lauren simonetti on markets and. lauren with, dow down 1000 points we start with you. lauren: good news t was off the lows of the session. this is ugly. what a way to start off the new month and new quarter. the dow down 973 points. broad selloff. president said it would be tough new weeks. number of coronavirus infections in the utz top 200,000. if investors were spooked they got more spooked. boeing, american express by the way leading the losses on the dow today. setting the tone this morning was the private employment number. you know what? it is an old number. it only counted half of march before the lockdowns in states throughout the country. that was a negative number. it sets us up for what we'll see tomorrow morning, unemployment benefits. those numbers, goldman sachs is saying we could see 5.5 million people file for first time unemployment benefits tomorrow. five 1/2 million! on top of 3.3 million we saw the week before. so that is an ugly part of the story. so too is the price of oil just cratering. we ex

blake burman with the latest from the white house. lauren simonetti is watching the markets. edward lawrence in washington. let's kick it off with lauren. lauren: hey, guys, two days of severe loss on wall street. dow, nasdaq, s&p 500 closing near the lows of the session. the past two days, during that time, the dow jones industrial average has given up 1200 points. nasdaq gave up 400 points last two days. if you look at s&p sectors, communication services, technology, were worth performing services apple shares down three% today. believe it or not, and go figure that energy was the best-performing sector although it was still negative. let me show you the price of oil because as oil fell, so too did stock prices overall. you're looking at may contract which expired. it closed at $10. look at the june contract, 13. july, not much higher. we're seeing oil prices even in the future, all trading in tandem to the downside. the worry is is that demand is contracting -- charles: lauren, we'll stop you right there, because we have netflix. let's go to connell. connell: "fox business

blake burman with the latest from the white house and lauren simonetti is watching the markets. let's start with lauren. >> hey, melissa you started talking about the disconnect between the economic data coming in and where market is headed. there was a sell-off, the dow, s&p 500 and nasdaq lower. but if you look at the month of april, the dow and the s&p are looking at their best month since 1987. if you take a look at the nasdaq, its best month since 2001. it is only down for the year by 1.1%. why? big tech coming in a big way this year. let's take a look at these companies. they're 38% of the nasdaq. facebook was the best performer in the nasdaq. ad sales are stablizing. amazon closing at a record high. these companies, amazon, apple, reporting momentarily. health care was another bright spot today. gilead is very close to getting fda approval for the remdesivir coronavirus drug. that stock up 1%. j. crew just filed for bankruptcy. we got consumer spending data for the month of march, worst monthly drop we've ever seen. consumers are pulling back. look at this, with the j. cr