Here in california. Cases have risen above 2000 up to 2102. That is up from 1700 above 2000 up to 2102. That is up from 1733. Federal Health Officials are asking people who are leaving new york for other places to self quarantine for 14 days as an effective measure. The number of cases is doubling every three days. And it is now above 25,000. The white house at 4000 more ventilators are now going to the state after an urgent plea today for help from governor andrew cuomo. Health officials are also working on experiment always to use one machine for two people. There are two ventilators here, with two sets of pipes going into the two patients. Bill de blasio said the city may shutdown playgrounds and parks this weekend to ensure that people are using those social distancing recommendations. Hospital workers are obviously concerned about the safety and protective gear. And heres why. Today we know that there 2 hospital workers are not tested positive. Hospital in San Francisco. Christian
The White House Coronavirus Task Force Meeting with President Trump and Vice President pence. This is this is about one hour. President trump i would like to announce some progress on the chinese virus. War powers inthe case we needed. It can do a lot of good things have iteded and we will completed, signing it in a little while after im finished with this conference. Its prepared to go. We will be invoking the defense production act. Last week i signed an Emergency Declaration under the stafford act. We have been working with fema. They are incredible. Its always been on hurricanes or tornadoes but right now in tennessee, there is a large group working in tennessee and they have been incredible. That was a tragic event. Alabama last year and also a tornado and obviously the numerous hurricanes in different were verythat devastating in some cases in every case, fema came through. This is a different kind of work for fema but they will come through. As they always do. We have tremendous
The consumer staples, bottom fishing on companies and may think have gotten oversold. Companies could benefit from the work at Home Movement which is encapsulating this entire globe. Walgreens, have got walmart and costco among the gainers in the staples space. Theee another winner in dollar. Everyone is flocking to the dollar, the dollar index rising for a seventh straight day, claiming to an alltime high. The biggest loser against the dollar among the g10 currencies appears to be the pound. Romaine yeah. Scarlet lets look at todays market action. We will bring in our live reporter and one of the new voices. What have you been watching . Reporter oil markets were catching my eye. Wti, 14 in in brent. What is moving this action . It is a risk off water market story. Pressure oil as well and youre seeing all of this action move off of the official order from the Energy Ministry to saudi aramco to 12. 3 Million Barrels keep but as for the next coming month. That is how the indication is
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
U. S. And the world with interactive maps and charts. Watch briefings with Public Health specialists and a time unfiltered at cspan. Org coronavirus. Earlier today President Trump invoked the defense production act in response to the coronavirus pandemic. He announced other measures to help those impacted financially for the virus. [camera shutters] pres. Trump thank you very much. I would like to begin by announcing some important developments in our war against the chinese virus. We will be invoking the defense production act just in case we need it. In other words i think you all , know what it is. It can do a lot of good things if we need it. We will have it all completed. Signing it in just a little while right after i am finished with this conference. I will be signing it. It is prepared to go. So we will be invoking the defense production act. And which activated femas National Response coordination center. Fema now is fully engaged at the highest levels. Today, fema is activate