News coverage. We begin today with the dow up about 700 points now as youll see in a moment. It has been a whip saw day for wall street as virus fears loom. The dow dipping below 20,000 but zooming back as much as 1,000 points as the Federal Reserve and the Administration Step in to calm investors. Health Care Companies are targeting the virus from treatment to Testing Solutions there you see it up. The ceo will join us this hour here is what you need know. Theres more than 5600 confirmed cases of coronavirus in the u. S. Marriott will furlough tens of thousands of workers as the hotel giant shuts down locations. We have coverage of this today we have more on the white house plans here bob is watching the market seesaw steve is all over the latest move from the Federal Reserve. Ka kayla, lets start with you. Reporter were waiting comments fr comments from capitol hill the rough contours were about 250 billion for Small Business loans and about 500 billion for a payroll tax cut. It appe
Whether to amend that with a bigger proposal because we all know a bigger proposal is necessary, but ive decided were going to go on and vote as soon as the senate can get permission to vote on the bill that came over from the house, send it down to the president for signature and thus reassure the people around the country that we can operate on a bicameral, bipartisan basis quickly. Second, we will not leave, the senate will not leave until we have passed yet another bill and clearly, that will have to go in two steps. As i indicated earlier, First Senate Republicans and the administration are going to try to reach an agreement on what we think is best for what could best be described as phase three. Then the senate being the senate, we will sit down with our democratic counterparts and see what we can agree to. We will not leave, the senate will not leave town until we have processed yet another bill to address this emergency. With that i will be happy to take a few questions. Repor
Of the curve prairie Restaurant Owner Anthony Strong has tweaked his operations by turning his Mission District restaurant into a general store we dont sell anything my weight or measure you we just selling call items in bulk basically theyre selling everything from Fresh Produce 2 coffee and toilet paper and we have 40 cases we have 4,000 rolls because its a nod to his great grandparents who ran a general store following the great depression. But it also gives those who work for him and the vendors he works with some sort of you know, i dont even know if its working at all yet. I know were getting people food and i know were keeping our lights on what were going to have his eyes we can financial analysts say those stimulus is on the way its Small Business owners like strong will likely have to consider layoffs and cutting costs where they can. Same goes for the average american a lot closer to a lot of maybe a little extra cash. Thats a great shame Financial Experts like rob black say
They respectfully walk away and theyre actually manage talked to say is glad that theyre doing this and some of the seniors i talked to were walking out with their bags of groceries, theyre feeling very grateful for this as well take a look at your screen say play is not the only company of course the doing this were live at target usa we know whole foods up to this walmart is up to this and so on your screen you can see the hours dedicated to this group of people most vulnerable to coronavirus and that is the first 2 hours of safeways hours on tuesdays and thursday this will be a great time for people to go in and not have to just like 5 people for things and be exposed to potentially those who have coronavirus and dont even know it we also know walmart is altering their hours and they are allowing the first hour of opening for these customers until april 28th in as weve seen across the bay area shelves have been bear theyve been left bare by panic shoppers who have been buying multip
The state department advising u. S. Citizens not to travel internationally and return home. They raised the advisory level to four. Huwan which was ground zero reported its first day without a new case we have full Team Coverage for you here bob is tracking another wild session for stocks rick, is watching the bond market for us. Kayla has the very latest on the action this d. C. We start with you bob. An important thing here today is even though 50 point swing in the s p 500 would have been insane a month ago, its kind of normal now its lower volatility than what we have been seeing recently i think thats the key point about whats been happening. If you look at the leadership, its also different. For once were seeing, for example, bank stocks doing Better Energy stocks doing Better Technology doing a little bit better what has been the leadership or what has been going down has been held care, for example, Consumer Staples and they are lagging today. There is a an attempt to buy the m