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
Kristina partsinevelos on floor of new york stock exchange. Blake burman live at white house. Phil flynn watching action of oil and gold. At cme. Bloomberg spoke to Campaign Supporters moments ago after suspending his white house bid. I have to hear more about that. Lets start with jackie though. Reporter good afternoon to you, melissa. Theyre breaking the stage down behind me. As Mike Bloomberg walked out, the crowd was chanting, michael get it done. What is ironic he was dropping out of the race. He tried to keep an upbeat energetic tone to invigorate and energize the crowd. He got choked up a couple times. He was definitely disappointed. He got in the race to defeat the president. That he wanted to get things done for the american people. He was going to continue to help do that. He said it was major accomplishment at the polls. Last night two Million People came out to vote for him. At the same time he is driven by numbers about, the math, data and the delegate math didnt add up. T
American people, a giant tax cut for christmas. And when i say giant i mean giant. [applause] David Connell mcshane, with us now. Connell, this was the president s final sales pitch to america an capitol hill. The house and senate will vote on a bill next week, right . Reporter that is still the plan, david. Interesting to hear what the president was on all of this, although updates weve been getting past couple days are focusing on tax rates for upper income people and also for businesses, the president this afternoon kept his focus where he has been in many speeches we heard him deliver, that is on the middle class. Invited up a number of families, middle class what they hope to save what they hope to do with the savings. He delivered what he described as breaking news. If Congress Sends me a bill before christmas, the irs, this is just out this, is breaking news, has just confirmed that americans will see lower taxes and bigger paychecks beginning in february. Reporter this speech j
The immigration ruling. Were expecting video any moment. President leaving the white house, taking America First but not alone message to the world stage at the Economic Forum in davos. More what we can expect from this key trip abroad. Ford Motor Company out with Quarterly Results in moments, on the heels of disappointing guidance last month. Are we in for a big surprise . We have numbers as soon as they come out. Ford cfo bob shanks will break it down for us. Joining us texas ag ken paxton, judge andrew napolitano, New York Post columnist Michael Goodwin, the hill editorinchief bob cusack. Melissa that is a good show. Im looking forward to it. Back to the markets. The dow staging a major come back this afternoon. Lets go right to Nicole Petallides on floor of the new york stock exchange. Nicole, what are traders saying about this huge move today . We did have a big move. At the top we were up 180 points. Down we were down over 103 points. We had a big swing. It was solid day, up acro
Right now, if youre not under evacuation you still should be ready to leave. Hurricane irma looking like floridas worstcase scenario. It has the making of a catastrophic storm the likes of which the state has never seen. The majority of florida will have major hurricane impacts with deadly storm surge and lifethreatening winds, if youre still in the keys get out now. We will quickly run out of good weather to evacuate. David areas on the coast could see storm surges of water up to 12 feet. That is higher than the elevation of most of southern florida. We have complete coverage in this hour. Melissa the storm roaring through the caribbean, leaving a path of death and destruction in its wake. Irma is rapidly approaching the united states. Fox news meteorologist Rick Reichmuth is in the Weather Center but well start with our own jeff flock. He is in daytona beach. Jeff, what is the latest from there . Reporter well, weve been tracking the exodus out of florida. I have good news on that, m