We had major swings top to bottom but not that high at the end. Plenty of developments to cover on news front with fox Business Team coverage. Reporters all over the place. Ashley webster with the markets here in new york. Edward lawrence covering things on capitol hill. Blake, we start with you with the latest from the white house. Reporter treasury secretary Steve Mnuchin told Maria Bartiromo this morning that the administration would like to see 1000 deposited into the Bank Accounts of adult americans. 500 for the children as well on top of that. As part of a trillion dollar stimulus package that the administration is negotiating up on capitol hill. Vice president chief of staff told us this afternoon, they believe that package could make its way to the president s signature next week. Earlier today during the president s Daily Briefing as it has become, he was asked if the trillion dollars was sufficient . Well know about that later on. Well see what happens. It depend how long, so
Points. We thought it would be a huge bounceback day, it might be, you never know but another point as the intraday of the dow we actually went negative. Were back up 120. Up and down we go. Deirdre bolton trying to keep track of it all. Joins us from the new york stock exchange. Like im on a ham sister wheel, connell. We had 950 point gain. When Vp Mike Pence said essentially every american will be covered for coronavirus testing. You saw, that, that is where viewers can see a little bit after green, kind of blip up on the dow. Were still nowhere near where we were at the highs of the session. Let me tell you what is moving markets at least by group. The groups that are supporting whatever rallies you are seeing. You have info tech. You have Financial Companies and industrials. Now on the other side with really weighing on the market, utilities, Consumer Staples and energy which is a little bit interesting, because out of the gate this morning, connell, energy, they were the superstar
The nasdaq turning negative for the year. Fox Business Team coverage. Edward lawrence live on capitol hill, Deirdre Bolton on the floor of the new york stock exchange, phil flynn is watching action in oil and gold at the cme, but edward, we will kick it off with you. Reporter centers for Disease Control says the American Public needs to be prepared for a possible sustained spread of the coronavirus. Also communities need to brace for possible outbreak. The president has been briefed on all of this. Health and Human Services secretary alex azar testified today he is concerned about the sustained humantohuman transfer that theyre seeing in italy and iran related to this virus going forward. He told senators at an Appropriations Committee hearing that the 2. 5 billion additional they want will be enough to stay aggressive against this virus. Listen. It would be very concerning if this virus spreads say to africa or other areas that have less developed Public Health infrastructure because
Reporting from durham, North Carolina. Boy, that really is, a huge snapback rally in the market today. Even with that, we do still have fears about the coronavirus slowing travel down around the country and we are broadcasting live today from a hotel, unscripted hotel in durham where we will take a look at the Business Impact of the virus in america. One day before this state becomes one of 14 to hold a president ial primary in what is known as super tuesday. We have a lot of politics. A whole lot coming up this hour as our swing state economy series continues here from North Carolina. Were waiting on the president. President trump is getting set to leave the white house to head our way as a Campaign Rally tonight in charlotte. Well bring you a any comments if he speaks to reporters on his way out on the south lawn. Edward lawrence own the north lawn of the white house. Well get in edward. Kristina partsinevelos on floor of new york stock exchange. Phil flynn from chicago on cme. But c
Supporters later today where hes expected to praise the economy and two major trade victories this week, we are live at the white house with the latest. Plus on capitol hill, democrats preparing to make their case for impeachment next week, but will it put the peoples business in jeopardy . And disney is cracking down, you better grab your black market baby yoda while you still can. Connell sounds like a threat. Melissa i know. Connell Edward Lawrence live at the white house saying the president left leaving edwards and the others behind. Yes, thanks, as melissa alluded to, the white house focused on getting the message out about the economy, white house economic adviser larry kudlow today saying reelect the president and you will get tax cuts, more deregulation and trade agreements, more of them. Listen to what he has to say. This is a middleclass, bluecollartype boom, what you want to do, and this would affect the stock market negatively, you dont want to change this. You dont want t