Lawmakers push for a cross party rescue deal to save the economy of the pandemic leaves markets dealing with there was weeks in the 2008 financial crisis. A very warm welcome this is r. T. International with the biggest stories of the past 7 days im neki errol good to have you with us our 1st to croatia earlier today a 5. 3 magnitude earthquake into aftershocks that struck the north of the capital zagreb local media say that a 15 year old who was found in the rubble of a building is critical in hospital several other people are reported to have been hurt. That was the moment the 1st tremors kicked in apparently caught by c. C. T. V. Inside a shop. Streets across the city all littered with daybreak and theres been significant damage to several buildings quake is reported to be the strongest in the region in the past 140 years among the down which the top of one of the spires on the citys like torn a cathedral collapsed there are also Power Outages and problems with Water Supplies in som
During the financial crisis, the peak was about 695,000 in one week first we have our full Team Coverage the house gets ready to vote on stimulus package bob is watching the wild swing in stocks. Steve on a surprising move from the Federal Reserve chairman lets start with kayla the house of representatives is set to vote tomorrow morning. Its 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 t
Trade iing at levels we havent seen in nearly two decades amid falling demand and an expected jump in production and the virus itself remains front and center. President trump e iine ining gus until the end of april as the u. S. Cases top 150,000 weve got great guests join ing us, the ceo of medical supply Company Henry Schein and the head of amid this turbulent market with 59 minutes left, we are up 2. 8 led by helhealth care, tech and Consumer Staples lets focus in on the big stories. Meg is going to join us with the latest on testing and treatment. Kayla has the latest from lawmakers and mike is tracking all the Market Action but meg, first to you hi, guys. Lets start with Johnson Johnson. That news theyve selected their lead candidate for Vaccine Development. Really moving their stock higher and causing a lot of optimism that well see a vaccine in timelines that are faster than expected companies saying it plans to tart human Clinical Trials in september. Months faster than they pr
And change, the nasdaq up 224. Investors are hoping we have already hit that bottom from the coronavirus outbreak. Were not saying were hitting the bottom at fox business but were hopeful. All of this as the medical world is searching for solutions to limit the viruss deadly effects. Northwell health turning to 3d printing to churn out test swabs. They are going to be here to explain exactly what this means. Pretty exciting stuff. And the elf beauty ceo is here exclusively to tell us how his company is faring after the coronavirus has shut down another outlet that sells his products. Plus, liz claman wraps up her final day on selfquarantine focusing on workers as some amazon employees walk off the job and other businesses have the help wanted signs hanging on their front door. We are less than an hour to the closing bell. Im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we begin with some breaking news right now. We are just learning American Express ceo is s
Lawmakers. Rescue deal of to save me as the pandemic pushes markets. The worst since the. Financial crisis. The stories from the past 7 days on the run up to the moment of well this is the weekly an international a little welcome. Well there is just one inescapable issue dominating everyones thoughts right now the corona virus has claimed over 13000 lives world wide with the number of confirmed cases at more than 308000 asli reached a grim milestone this week surpassing china the country to have suffered the most fatalities currently more than 4800. Almost 800. 00 succumb to the disease at least now shutting down all production of nonessential goods. Well the European Union sealed itself off to travelers from outside europe this week as part of wide ranging efforts to stop the spread of covert 90. 2 limits to support of the various google we agreed to we enforce external borders by a close coordinates temporary wish to action of essential travel to the e. U. Or 30 days. Of front of the