Thats what you see going on today, issues that are taken on are the likes of boeing and disney and exxon mobil with oil week and oil related issues and services are taking on as well. Earlier on i told you in the week whats happening in the front and of the socalled yield curve when one in three month bills were returning negative rates, if you want to park your money at a bank in a negative rate environment, your to pay the bank for the privilege of hanging on tour your dough, that is no longer the phenomenon right now as yields have turned positive on the shorterterm security. There was a flipside to the argument and theres less then a reason to move over to stocks. If there are no more negative, they are very, very low, they are extremely low but bottom line they are better than where they were. Lets get to read from hilary vaughn, the relief package coming from the house of representatives. They had some yelling and screaming going into this but their intense abating about in a pas
The s p 500 down deep in the red down 5 . Fox Business Team coverage. Blake burman is at the white house where the president is currently meeting with nurses on the pandemic. Kristina partsinevelos on the floor of the New York Stock Exchange. And chad pergram is on capitol hill. Were going to start with blake. Reporter hi, there, we had known for about a day now that the Trump Administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. Now we know what they are thinking of, how that trillion dollars might be divvied out. According to a Treasury Department document 50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what is deemed as critical sectors of the economy. On top of that, there would be 300 billion in Small Business loan guarantees, and, there would be 500 billion in direct payments to americans. Half on april 6th. Half six weeks after that, on may 18
By an illegal immigrant says the president is making americans less safe. You know, there is no justification for stopping the wall thats already there thats designed to keep criminals out. You know, there is no reason for him to ignore the families. Our Family Members are in the cemetery at the same time he is rewarding illegal aliens with amnesty. It is just not fair. Harris former Acting Deputy dhs secretary Ken Cuccinelli is with me on our top story. Also in focus today Mike Huckabee weighs in on the growing calls for new York Governor Andrew Cuomo to quit. And seattle radio host Jason Rantz On Black lives matter lesson plans in elementary schools. First i want to go to William La Jeunesse live at the southern border in san diego on the president S Immigration plan. William. Harris, the challenge that President Biden has is how does he undo the trump policies he doesnt like without undoing the success trump had in reducing illegal immigration . The chief thing among us right now is
President making those comments as he looked to defend his new european travel ban, latest on that prowhite house with blake buhrmann standing out but first Kristina Partsinevelos on this historic day at new york stock exchange. For the wrong reason. Reporter right, i cant believe i have been here twice the markets have been halted. For 15 minutes, the second time this week because markets dropped 7 in first 5 minutes, we have note seen lows like note seen lows lik not seen lowe this since 1987 black market crash, all market in bear market, they have dropped 20 from recent high, a broad selloff, gold fell, oil sell, travel industry got hit hard, we know that president did announce they are banning ought flights m the eu. That weighed heavily on united, american, and delta, more than 21 . Then cruise lines as well, another industry really taking a beating mor norwegian and carni, they voluntarily said they would cancel their princess cruise ship for next 60 days, that hopefully we can b
Jumping more than a thousand during the press conference, is settled after that. But they are all up big time, a vast difference from yesterdays blood bath. Hillary vaughn is live at white house, jackie deangeles the new york stock exchange, but alex hogan is life in st. Patricks cacathedral that would have beea very busy st. Patricks day. Reporter a year ago, i would be standing here with about 2 million people, watching a parade go by, this is a different side of new york from what people are used to seeing, as cases spread, more people are told to stay inside, the major landmarks in new york are empty. Millions of people worldwide are under lockdown, they vary country by country, here die he state. Most banning gatherings, and and 5 million. Pennsylvania will close state owned wine and Liquor Stores at 9 p. M. , new jersey closing malls, and ohio calling identiff prime elec election. These close ours cutting deep into the nations economy. In terms of the economic dislocation, it is