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
President trump i will be invoking the defense production act in case we need it. It can do a lot of good things if we need it. Well have it all completed, signing it in just a little while of after im finished with this conference. Its prepared to go. Well be invoking the defense production act. Lou President Trump meeting with doctors and nurses at the white house. They committed to an increase in Safety Equipment including masks for healthcare workers. President trump american manufacturers are repurposing factories. One major manufacturer has doubled capacity and we asked Construction Companies to donate unused masks, and they have quite a few of them, the Construction Companies. Who would think that. But they will be donating unused masks. The Defense Department is making millions of masks available for healthcare workers. Lou healthcare workers across the country taking matters into their own hands at the headquarters of the Providence Health system. Workers convening in Conferen
Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents
Response coordinator joins us live. Why she says millennials are key to stopping the spread. Wall street meltdown, the dow plunging 3,000 points, its biggest oneday point loss ever, the Airline Industry seeking a 53 billion bail out as the president acknowledges we may be sliding into a recession. And what you need to know this morning about all those empty grocery shelves. Glimmer of hope. An experimental drug showing some promise. The coronavirus patient telling gma how it helped him turn the corner. Bar and Restaurant Owners in nashville fighting orders from the city to close their doors, and Police Respond to a kentucky man positive for covid19 who refused to selfquarantine. And banding together. The superstars giving the gift of music to millions. Performances from john legend, pink, Coldplays Chris Martin youre a sky full of stars and keith urban Live Streaming right into the living room. Actually, were going to say top of the morning to you. Happy st. Patricks day, banding toget
Pleas to millennials nationwide on why they could hold the key to stopping the virus. Breaking overnight, postponed, officials in ohio call off todays primary just hours before the polls were set to open, but voting is still on in florida, arizona, and illinois. Ebel its safe and we think the election will be just fine. Officials in those states under fire for moving forward in spite of the outbreak. Released, tom hanks and rita wilson released from the hospital, but still in quarantine. I got results back for coronavirus, and it came back positive. All that plus spreading the love. From impromptu concerts to a unique way of celebrating a special anniversary. Just a sweetness to the two of them and what they share. Well share how people are coming together to get through these strange times, today, tuesday, march 17, 2020. Announcer from nbc news, this is a special edition of today, the coronavirus pandemic. With Savannah Guthrie and hoda kotb. From studio 1a in rockefeller plaza. Hi,