Finished, the dow gained a thousand points. The s p 500 finishing the day markedly higher. The nasdaq soaring 673. President trumps decision to declare a national emergency, a strong, swift action that opens up 50 billion in federal resources to help state and local governments fight the pandemic, the president also waiving interest on federal student loans. Directing the department of energy to buy up crude oil to store in the petroleum reserves. To unleash the full power of the federal government in this effort, im declaring national emergency. We are announcing a new partnership with the private sector to increase on accelerate our capacity to test for the coronavirus. We want to make sure those who need a test can get a test safely, quickly and conveniently. The next 8 weeks are critical to turn a corner on this virus. Lou the Trump Administration says the next two months well be putting a major emphasis on expanding testing. This morning the fda approved a new coronavirus test. Its manufactured by the Swiss Company roche. It will speed up the ability to test patients, providing drivethru testing in retail parking lots at walmart, target, walgreens and cvs Stores Across the country. The coronavirus killed 47 americans. 22 of those deaths associated with that nursing home outside seattle, washington. Both the house and senate remaining in session tonight. House Speaker Nancy Pelosi and treasury secretary Steve Mnuchin have been negotiating throughout the day. The speaker saying she has reached agreement with the Trump Administration on a Coronavirus Response bill which would provide free testing for all americans, expanding paid emergency family paid medical leave expanding food programs including snap and wick. Steve mnuchin has been in Constant Contact with the speaker. Hes at this moment in the white house speaking with the president. A deal in his opinion mass not been reached despite what the speaker has said. Well have the latest from the treasury secretary here tonight. He will join us as soon as he concludes the talks with the president. And gets whatever direction he will from the president. This breaking news. The food and Drug Administration approving the use of a test that will expedite the test results for the wuhan virus. The test resultr is capable of testing 4,000 samples each day. It can be run on the roche machines installed on hundreds of laboratories across the country. President trump using federal emergency authorities, the fda approved you a new test for the virus. We did this within hours of receiving the application from roche, a process that would normally take weeks. We expect up to a half million additional tests will be available early next week. Well be announcing locations probably sunday night. Lou joining us tonight to take up this latest action by the Trump Administration, dr. Ian lipkin, the director of the center for foreign infection and immunity at columbia university. Invited by the Chinese Government to study the coronavirus and help them tackle the outbreak in their country. I have never seen a president in my career talk about a partnership with private companies and the medical community and government, then demonstrate it as he did today. A remarkable moment. This is an extraordinary moment. I agree. Its pivotal. Its a turning point. The fact that well be able to recognize who is infected. This will enable isolation and we hope will contain the outbreak. Lou to see a number of people in the Public Health agencies hearing governors starting to talk about how well the federal government is responding. This is we are starting to see this country get in line with leadership and to deal with what is now we realized a very serious, serious challenge to the country, a great threat. There have been people making projections that are extraordinary in the number of potential deaths. But i think this will be a turning point. And im optimistic this will have a big impact. You have been focusing on plasma. And by the way, to be clear in communication with your colleagues and counterparts in china who has been discussing this with you to use the plasma from the blood of patients who survive the coronavirus. And you believe this could have a Significant Impact on saving lives. Yes. Based on the work thats come out of china. One of the reasons i spent time there in addition to trying to reduce morbidity and mortality there, they have a leg up. They see the cases first. They try things we recommend and they comew up with on their they come up with on their own. They are giving us the benefit of their experience and sharing that with us. There are a group of us pushing this very, very hard. Lou that is a very good sign for everyone in this country. What has been the response beyond the medical community. If you moved beyond to government authorities to the agencies . We are trying to identify people who have been recently infected. So there are three large you areas. One in the bay area, another in seattle, another just north of us in new rochelle. I was reaching out to people today in that community. Their kids have been infected and recovered. And they are enthusiastically participating. Lou thats wonderful. They are critical to a successful program. This is citizenship from the top to the bottom. Thats what its going to take. And well win. Lou the president said exactly the same thing. Said that well prevail. He will acknowledges the challenge and he has throughout. Its nice to see democrats beginning to line up. There are a couple people running for president who thought they could make political hay out of their speeches and maybe one or two in congress, maybe a few more than that. But to see democrats begin to turn. This is a truly positive sign. One of the things i see in china its the ability of the leadership in a cop tonight authoritarian in a communist authoritarian government, this president has to lead and persuade. And its paying off now. Leadership in the Democratic Party is starting to understand this is a time for this nation to come together. In china people tell you its their duty. Thats what we are beginning to see here, too. Lou i like your point of view. Citizenship, contributing to the country. We should share with you the good news tonight that we are starting to see real evidence of a turn in china, starbucks opening up stores. The number of apple stores im told, all of the apple stores have been opened up. Thats a huge development. It was very aggressive containment. Up not sure we have the ability for that level of containment here. But well have to develop it. Well have to make tough decisions. We are shutting down colleges, universities. Struggling with what well do with primary schools. One of the challenges is some kids get all of their nutrition present school lunches. We have to become creative about how we address the challenge. But well prevail. Lou as i say on this broadcast, we are not butter cups and daffodils. We have a heritage and tradition of meeting threats. Sometimes we have to be dragged kick and screaming towards a goal or objective. But ultimately we get it done. As you and the president said today, well replicate that historic success. As we wrap up here, your thoughts about the dependency we share with a lot of other countries on pharmaceuticals and antibiotics originated in china and a veiled threat from some of the Chinese Media the last week that they might exercise that advantage over us. So i know a lot of people in the very highest level of the Chinese Government, and i cant believe they would follow through with that. We also make pharmaceuticals in india, too. But we do have to do manufacturing in the United States. We outsourced too much, frankly. Vaccine production, drugs and such. Lou thats the next phase. Its good to hear you reassure us on that. And we appreciate it. Thanks as always for your insight. Come back soon. Thank you for my souvenir. 3m this is the 8210 plus. That has something to do with my weight class. Treasury secretary mnuchin joins us to take up his talks today with House Speaker pelosi and whether they have reached an agreement on as congressional response bill to the coronavirus. Pelosi says there is a deal. The treasury secretary will tell us what the case is. The United States is back against an iranian backed militia responsible for killing coalition troops. Its surprising how the bigger a city gets. The smaller it starts to feel. Which makes it even more surprising, how big it feels in here. With sliding rear seats. And more available second row legroom than say. A chevy suburban. This is the completely reimagined 2020 ford escape. Can you help keep these iguys protected online . . Easy, connect to the xfi gateway. What about internet speeds that keep up with my gaming . Lets hook you up with the Fastest Internet from xfinity. What about wireless data options for the family . Of course, you can customize and save. Can you save me from this conversation . That we cant do, but come in and see what we can do. Were here to make life simple. Easy. Awesome. Ask. Shop. Discover. At your local xfinity store today. Its our most dangerous addiction. So we took our worst vice, and turned it into the dna for a better system. We created bionic and put the word out with godaddy. What will you change . Make the world you want. Lou welcome back. Well soon be joined by treasury secretary Steve Mnuchin. Hes meeting with the president in the white house. They are discussing the Coronavirus Response bill. The speaker of the house, nancy pelosi announcing they have reached a deal. He, however, holding in reserve that declaration. Well learn from him precisely whats going on here, im told, with this hour. We are looking forward to his perspective on this and whether the president has approved a deal with the speaker. We are also taking up important issues including the coronavirus. An element of pure coincidence or prophecy by author dean kuntz on the coronavirus. In his novel the eyes of darkness. Its with the wuhan 100 developed outside the city of wuhan. To show you how the loopy Left Wing National Media played this. Reuters went to the great trouble to call claims on social media that kuntz predicted the wuhan Virus Outbreak as partly false. It was all fiction. But the coincidence is fascinating and fascinating. Well call it parsley true to aggravate reuters. I think it was an interesting novelty and coincidence. The u. S. Responded to an attack on a military base where two american soldiers were killed. Helped bow la carried out the attack wednesday jones camp taji. Joining us general jack keane. Fox business senior strategic analyst. Hes also the most recent recipient of the president ial medal of freedom. The president bestowing that on him earlier this week. We have always been proud of you, general. But prouder still. Thanks so much for being with us. Lets start with the tragedy of two americans killed in iraq. It sees we cannot extraextricate ourselves it seems we cant extricate ourselves. The iranians want to put pressure on the americans to get out of there. They are using it as learning. The iranians want to get their stooge in there, and number two get the parliament to vote the United States out of iraq. Thats what their strategy is here. The United States is not going to stand for americans being killed, in this case also a british soldier being killed. So we have a response in kind. Limited but directed at the heart of where that attack originated from. Lou this attack and response cycle has gone on for two full decades. Where does it end . At what point do we just get the hell out . We could do that today if we wanted to. Whats happening there, there is a threat from isis. The president determined we were going to defeat isis. We did get rid of the caliphate. There is still a threat there. We have 5,200 soldiers assisting the iraqis with that threat. We did get out of iraq once before. Isis cape back and we had a deal with this beginning in 2014. We are down to a small force to deal with that reality. Obviously at some point well be out of iraq. There is no doubt about that. Lou there is no historical suggestion or up per tough that we will. Or imperative that we will. This president wants to bring our troops home and i applaud him in that. We have to come up with some i guess general what im saying is what Albert Einstein famously said. The definition of insanity is repeating things that dont worked a inif i my up. We have no doctrine or strategy in the region. Its difficult to see american lives lost for any reason. I couldnt disagree with you more. The president s strategy is clear. He wants the locals to take care of a large amount of the fighting. We have 70,000 syrians trying to keep isis down in Eastern Syria and less than 1,000 assisting them. We have 300,000 iraqis fighting the iranians. The say thing in afghanistan. Well get down to a low up in in afghanistan. And we have 300,000 afghans doing the fighting and we are doing the assisting. Its i different model than we had in the past and i think its solid. Lou you and i argued this for years. About 10 years. Lou and we havent declared a winner yet. The truth is, to me this is less doctrine or strategy than it is rationalization. The result is another year engagement and conflict. And at some point the hard decision has to be made. It seems to me the most advanced super power in the world should be able to assert itself through that telling and advanced weaponry rather than boots on the ground. Thats where i will leave that and as for your conclusions on afghanistan as we wrap up. We have peace negotiations going on. They will be difficult to say the least. The and National Security the afghanistan National Security forces have gone through a lot of reform. We have a government in place. Its not perfect. But the taliban is sitting on the other side of the table. They have one motivation, to get the United States to leave so they can take over. It makes sense to try. Im not saying we shouldnt try. But we have to keep our eyes wide open as we are dealing with the taliban on the other side of the table. Lou congratulations again on your muchdeserved medal of freedom. General jack keane. Share your comments and follow me on twitter loudobbs, like me on facebook and follow me on instagram loudobbstonight. Tom fitton and Sidney Powell among our guests monday. We hope you will be with us. One republican lawmaker says attorney general william barr isnt telling the truth about why pfizer would be reauthorized. We take it up with john solomon next. As a caricature artist, i appreciate what makes each person unique. Thats why i like Liberty Mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. If your adventure. Keeps turning into unexpected bathroom trips. You may have overactive bladder, or oab. Not again were seeing a doctor when we get home. Myrbetriq treats oab symptoms of urgency, frequency, and leakage. Its the first and only oab treatment in its class. Myrbetriq may increase blood pressure. Tell your doctor right away if you have trouble emptying your bladder or have a weak urine stream. 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Go through your medicine cabinets, drawers anywhere you keep unused opioid pills, patches, or syrups. Find out how to dispose of them safely. Visit fda. Gov drugdisposal lou on wall street stocks skyrocketing. The Dow Jones Industrials climbing 1,985 points, and doing so as the president began his News Conference this afternoon on the Publicprivate Partnerships of that he has awwembled to take on the coronavirus. The s p up 230. All three indexes the largest oneday increase ever. Volume on the big board above 8 billion shares. Another 2 trillion returned to the markets. The president celebrating his Signature Day today. The white house sent along to me a signed chart of the skyrocketing dow, the s p 500 and nasdaq. The dow rose more than 1,000 points from the type he started talking to the time the News Conference was over with his decisive announcement to declare the coronavirus pandemic a national emergency. Well received by markets all around the world, im sure. A reminder to listen to my reports three times a day on the salem radio network. The acting director of National IntelligenceRichard Grenell has enacted a hiring freeze. He was brought in by the president to help reorganize the agency. Grenell says this isnt a purge of any kinds. But to make sure the agency is getting the most out of its Intelligence Community resources. Congressman andy biggs says attorney general william barr isnt telling the truth when he says authorities cant track down terrorists if parts of fisa were allowed to expire sunday. There is not that risk. They will continue to surveil. Fisa stands for foreign. They can continue to surveil foreign intelligence folks with or without fisa being reauthorized. Lou joining us, john solomon, Award WinningInvestigative Reporter and the editorinchief of his media outlet just the news. Com. You have been very busy this week as is your practice. You are confirming that less than two weeks into the Trump Presidency they should have known that flynn wasnt guilty because they concluded that. And he wasnt work as an agent of russia. The steele dossier was a fraud. And a manufactured bunch of nonsense and fbi targets like carter page and papadopoulos made exculpatory statements, and yet here it rolled on. Its amazing, between january and january 30. The under pinnings of the steele dossier had been disproven. They knew the primary targets they had been monitoring made statements to undercut the main allegations they were investigating. January 30 the fbi writes a membership oh stating flatly, mike flynn is not an agent of russia. That is what they were looking at at that moment. All of it fell apart and yet we ended up with another two years and three months of investigations. Its an outrage when people look at these records. Lou the interview 302s cant be found or wont be found. The fbi keeps good records except in the case of mike flynns one interview. Just like the altered document on carter page. The fbi acted like a band of criminals. Lou when you look at the inspector generals report that documents 17 outright lies by the fbi, which is the you wonder which is the real fbi. There is a small group of people that hijacked this process i think well find ultimately for political purposes. What senior officials were telling bob mueller how concerned they were by the fbis conduct. You will not believe the comments senior justice officials were saying about the fbis conduct. Sadly they didnt stop them but they knew of what was going on was wrong. Lou i know you are a confidant in attorney general william barr and john durham, the u. S. Attorney from connecticut he assigned to investigate the investigators of spygate. Sheer we are more than a year later and there isnt a work product or conclusion. And that has been part of what is the new fbi. Truth goes there to die. Reports with a report we wait patiently and we are told they cant comment because they carry out an investigation and havent filed a report. It looks like a subterfuge straightforwardly that allows them not to comment and not to ever deliver the truth. I have done a lot of reporting from this area. There has been an exhaustive investigation. There are bombshell revelations coming out, particularly about how early the effort to spy object be trump and other republicans was. I think you will see it go back to december 15. There will be new new revelations and discipline. There will be new shaming of the people who oversaw this. There may be some more firings. There may be one or two indictments. But well get some accountability. I think john durham will have a nice novel. Well learn a lot more. Learning and exposing will be one incentive to do it again. If they are looking for prosecutions, i think they will be disappointed. Lou if you can do what these politically corrupt officials of the fbi and Justice Department did and get away with it. The American People have been fundamentally betrayed by the investigators investigating the investigators. We are going to come right back if you dont mind staying with us. We would like to take up some developments involving our friends and colleague kt mcfarland. Steve mnuchin is still in that meeting at the white house. Lou we are back with john solomon, the editorinchief of just the news. Com. We are talking about kt mcfarland, National Security advisor. She says a British Intelligence official hinted to her that the country had aided the obama administration, that is, the u. K. , aided the obama administrationsle early socalled collusion probe, the collusion probe during the election. Was obama part of that conspiracy . We are 3 and a half years in and we dont know the answer to that. We have been told there is evidence of it but we dont know what it is. There is a fiveday window in january 2017. Kt mcfarland, incoming deputy security advisor. Her coequal in the u. K. Says we are not going to comment on buzzfeed, but he said its sometimes hard to tell where British Intelligence ends and american intelligence begins. A few days later mike flynn gets a formal letter from the National Security advisor in britain saying we dont trust christopher steele, you should gogor you should know that. Lou how many hands were dirty assisting specifically u. S. Intelligence . The australian ambassador in italy. Christopher steele and m. I. 6 in the u. K. This is a large coincidence. Somebody set these actions into motion. The question is, who was it. There may be a conglomerate. There was a lot of foreign involvement targeting trump and larger more republicans than just trump at the beginning of this whole episode. Thats why we always cant wait for man dade for john solomon to get to work. Up next, congressman matt gaetz on how the president s Emergency Declaration will help him as a congressman handle the threat of the coronavirus. While the world keeps fighting for your attention. Well keep building smarter suvs. To help keep you focused on the road ahead. And. The road beside. Did we mention the road ahead. With an available best in class. Epa estimated combined fuel economy and the technology to practically park itself. This is the reimagined 2020 ford escape. And the technology to practically park itself. Its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] lou more breaking news tonight. U. S. Trade officials granted 27 companies tariff waiforts for 100 medical supply items they are importing from china. Among the items are protective gowns, exam gloves, patent patient bags, sanitizing wise, facemasks and various other pieces of equipment necessary to the healthcare providers, doctors, nurses, technicians. The waivers coming days after chinese staterun media threatened to deny exports of life saving drugs to the United States saying america would plunge into quote the mighty sea of coronavirus. We are told by reliable sources that no one in the administration is taking that seriously in the administration or the medical community. Speaking of well placed sources, joining us to talk about the president s national Emergency Declaration is congressman matt gaetz. And we are delighted to see you now out of selfquarantine. And enjoying the florida weather. Good to have you with us. Im 37 years old, you dont have to worry about me. But we may have to get you down to florida and out of new york if this thing starts ripping through gotham. Lou i couldnt agree more about being important. But i think you are talking about being and and infirm. But i will take it under consideration. Its great to have you with us. Its good to see you out of the quarantine, even if selfimposed. Its quite a remarkable time. The president driving the market higher with his national Emergency Declaration. It was one of those things the president said to me, i dont know if you saw it, a signed graph of the market taking off from the moment he began that News Conference. If you are a democrat in this country thinking about playing politics with the coronavirus. I would think that chart would dissuade. There is no doubt the president s words brought greater confidence. It has had a practical and positive impact on the ground. As a consequence of the president s national Emergency Declaration states like florida are able to preposition ventilators and test kits and detection swabs. This synchronizes state and National Resources to deal with this challenge. There is no question the markets and the American People trust the administration to get this right. Lou its stunning to take a look at the statistics. We know that its going to be with us for a while. It will be tougher than most of us had expected. But at the same time to think that we were watching the mobilization of all these resources by the president , and i do want to update one thing. Speaker pelosi talking about a negotiation with Steve Mnuchin the treasury secretary. The treasury secretary is still meeting with the president and there is now acknowledgment that there is no deal because the president hasnt signed off on it. The president with a very good idea. And that is to suspend the payroll taxes and to inject sigmony into this economy, the Federal Reserve doing its part in the repo market. Another 1. 5 trillion dollars. The treasury secretary ordering that up. This government is responding robustly. We are. But democrats continue to play politics with the legislation that could facilitate the most effective response. Republicans are for testing. And medical infrastructure. But republicans dont believe that in response to the coronavirus that we should reorganize and expand entitlement programs in the country. We should not extend the snap program in response to the coronavirus. If people saw this, they would be disgusted by the tactics and would be in support of our commanderinchief. Lou we need to give credit to governor gavin newsom in california complimenting the president below fusely, promising and delivering on those program is for the state of california. A number of governors doing so. Democrats i think are getting the idea that the American People will tolerate nothing less than following this leader who has had it right on every challenge that this country faced to this point, and many of them still ahead of us, and doing a terrific job. You get the last word here. We are not informationallist china and border best europe. We have tools to beat this virus and we are going to beat this virus. The American People armed with information fan the government supporting our response can be confident we can prevail in this. And you see that confidence in the market. Lets get rid of the partisan politics and the poison pills and work on behalf of the American People. Please get the poison pills out of the coronavirus legislation so we can work together. Lou are you only 37 . 37. Lou i think it works out just about twice your able is what im thinking. I thought you were in your late 50s. Lou i cannot lie, im 57. I would never lie. How long do you think the coronaVirus Outbreak will last in this country . Three months, 60 d six months. Maybe more. Well be right back. We may be able to talk with the treasury secretary on the other side of this break. Im told we definitely will. Hes still meeting with the president. So you will have the latest from these negotiations. Well be right back. Please stay with us. Limu emu doug [ siren ] give me your hand i can save you. Lots of money with Liberty Mutual we customize your Car Insurance so you only pay for what you need only pay for what you need. Liberty. Liberty. Liberty. Liberty. I wschool boards transformter oppurtunitcommunities. Ad. Speak up at yours and make your voice heard. Text school to 225568 to find out how you can get involved. Lou our next guest has been in constant negotiation with house Speaker Nancy Pelosi. Talking with her on the phone at least 12 types. Well find out how much more as they discuss the legislation dealing with the Coronavirus Response. Joining us, secretary Steve Mnuchin. Where do you and the speaker stand . She says an agreept, you say . First of all, its great to be on your show. Im sorry im not on camera. But we have been busy negotiating around the clock and dealing with the market issues. We have an agreement that reflects what the president talked about in his speech. He focused on making sure we can deal with the coronavirus, people who have to be home, quarantined. Hardworking americans dont lose their compensation because they have to be home quarantined. Its just for companies 500 and smaller. We expect the bigger corporations to pick up these costs. We want to make sure the people can get free testing. The president wants lots of testing. One of the things the market responded positively to, the president made enormous progress with these Big Companies coming in and saying they will do testing. Lou this Publicprivate Partnership the president talks about and has throughout his administration putting into action. You working with today, negotiating with the speaker on the response legislation. Paid sick leave, three months on paid family and medical leave. Is that part of the agreement . It is, lou. But let me emphasize there is 4 days that you have to be home quarantined. Which people who are sick, we want them to stay at home. If you have to care for someone who is quarantined. One of the issues is there is a lot of people, schooled closed. I think well have a small number of people to stay home. Lou i have got to interrupt you because we are coming up to the end of the broadcasten and i wanted to tell everyone loudly how appreciative we are of everything you and the president hah been doing today. You leading the intervention in the markets with the fed and working for the president and the negotiation with the lauren it is a a. M. Here are your top stories at this hour down to zero Federal Reserve taking its most dramatic steps since 2008 National Crisis to deal request the economic fallout from coronavirus. But its not enough to boost markets this morning. Does the fed and a the government need a better plan . Cheryl limited down on future markets right now because of this and everyday life is coming to a screeching halt overnight major cities, announcing sweeping restrictions on bars, restaurant, even gyms. Dramatic move impact on Small Businesses will the government come to their rescue . Lauren audience list oneonone showdown 2020 hopefuls Bernie Sanders and joe biden trade jabs ahead what of primaries