Any minute now Vice President mike pence is holding a Coronavirus Task force meeting at the white house. As number of confirmed cases continues to rise across the globe. With at least 73cases right here 738 cases here in the u. S. Well bring you any headlines from the meeting this hour. Fox Business Team coverage. Blake burman live at the white house. Deirdre bolton is on the floor of the new york stock exchange. Phil flynn is watching the action in oil at the cme. Edward lawrence is on capitol hill. Deirdre, well kick it off with you. 1100 points on the dow is worth something. What a crazy volatile day. We closed at highs of the session which always makes people feel good especially in light of what happened yesterday. This idea President Trump is considering or launched the idea in a meeting this afternoon of zero payroll tax cut for the rest of this year. Certainly giving us a added boost to the markets if you like. As far as the groups that really supported the markets the most, yo
Coronavirus continues around the country and the world. The governor of california declared a state of emergency here, and a lot of people are wondering what they can do. Even the rapper, little nas x tweeted, no joking, does anybody know what i can do to help with the coronavirus . Well, you know what . Thanks for asking, lil nas x. And yes, there is something you can do. Its called the el bump. I introduced this on monday. It is a waiy of saying hello without infecting each other. This morning the el bump made it to the view. Jimmy kimmel is proposing an alternative to a handshake that hes calling the el bump. Apparently this is what it is, im going to try it out on you. Theres, okay. Hi. You know what, after all this time, howie mandel is a genius. Jimmy thats right, he is a genius. He does the mandel bump is his thing. But the governor of nebraska posted this on twitter. Hes doing the el bump with his fellow man. And this is shocking to me, even the vice poodle of the United States
Then i saw her face. Now im a believer. Not a trace or doubt in my mind. Im in love. Im a believer. Cheryl you can believe it or not, it is friday, welcome to fbn a. M. Good morning, everyone. Im cheryl casone. Lauren good morning, and National Unplugging Day sounds fabulous. Cheryl dont turn off your television. You are going to see red arrows right now, its been a volatile week for the stock market. Right now, the dow is down 44 in the premarket, s p is down 59 and three quarters, nasdaq down 177 and change. But all of the major indices, despite plunging more than 3 yesterday, get this, we are up for the week. All the averages up between 2 and 3 for the week. Lauren lets take a look at the 10 year treasury yield. It is now down another 16 andahalf basis points, 0. 747 . That is a new alltime low. Cheryl lets take a look at oil and gold. We have seen a couple things happening with oil. Opec, theyre pushing for production cuts, obviously theyre seeing pressure on the price of oil, 44,
[ laughter ] for me the biggest takeaway on election day is how can anybody possibly have such a clean garage . I dont understand it. I go into these old peoples homes, and i think wheres your stuff . California has more delegates than any state. And i dont know if it was like this where you live, but we have been overwhelmed by advertising, mostly from mike bloomberg. The amount of mail weve been getting from mike bloomberg, its unbelievable. He is the Bed Bath Beyond of candidates. One of our writers came home from work last night to find this hanging on his door. This is another ad for mike bloomberg. Even his ads are too short to reach above the doorknob. Mike bloomberg has poured more than 500 million of his own money into this campaign. If he didnt have a good night tonight, he basically spent the cost of an avatar movie to find out nobody likes him. He did win he won American Samoa today, the election there. Biden won North Carolina and virginia. Bernie took vermont and expected
Oh, yeah, all right,. Take it easy, baby. Make it last all night. She was an american girl. Cheryl one americans waking up with a Little Spring in his step this morning. Thats joe biden. Welcome to fbn a. M. Good morning, im cheryl casone. Lauren theyre calling him in the comeback kid. Good morning, im lauren simonetti. Cheryl take a look at how your money is moving this morning after yesterdays surprise rate cut by the fed amid the coronavirus outbreak, also joe bidens super tuesday showing, futures are high e dow up by 531, s p up by 56 and a quarter, nasdaq up 171 and a quarter. Many investors view biden more middle of the road than sanders. Lauren interesting reaction after super tuesday. Take a look at the yield on the 10 year treasury, it is still below 1 , 0. 942 this morning. Cheryl we saw a flight to safe haven assets like gold yesterday, it was up 3 . Right now gold is losing a frac shove fraction of a percent. Oil is up half a percent. Lauren stocks in asia mostly higher. Th