Than 1 . Connell, im not convinced about the report of california staying closed for another three months. We saw a big leg down on that, near session lows. Plus at the white house this hour, President Trump is preparing to sit down with republican senators just moments after nancy pelosi and House Democrats unveiled a new aid package worth 3 trillion, because money grows on trees. Fox Business Team coverage. Break burman with the latest from the white house. Lauren simonetti watching the markets and Edward Lawrence is in washington. Lets kick it off with blake. Reporter melissa talking about moves in the washington. President trump set to meet with republican senators. That meeting comes after House Democrats today unveiled their next step proposal, their phase four relief proposal. Nancy pelosi unvalling the heroes act as she calls it. An 1800 page bill. Through it all, roughly 3 trillion it proposed in relief. Let me tick through some of the items. Calls for 500 billion to states, 7
Stories. Lauren simonetti following markets in the newsroom. Blake burman at white house, Hillary Vaughn on capitol hill, and Edward Lawrence with more reporting from washington as well. Lauren, on this 2,000 point gain today we start with you. Lauren biggest point gain the dow has ever seen. Rallied into the final hour of trading. What caused this . Is this fact that donald trump wants to open the economy up by easter . Is it fact the senate is awfully close to spending a two trillion dollar stimulus or both . The dow up 11. 25 . The s p and nasdaq up 208 and 557 points respectively. Each had the second biggest point gains in history. A lot of investors today are saying this is the birth of a new bull market . Have we hit bottom or is this just a temporary bounce . Look, nobody knows the answer, but Credit Suisse looking at the broader market, they see by the end of the year, s p 2700, which is a 21 gain from yesterdays close. Take that with a grain of salt. The big tech stocks we lik
Performance for the dow and the s p since the great depression. We have fox Business Team coverage. Blake burman with the latest, with the president. Lauren simonetti watching the markets. Edward lawrence is live in d. C. Lawrence, lets kick it off with you . I have to say good riddance to the month of march and it was really awful. Let me tell you how awful it was, the worst month for talks since the 2018 financial crisis. If were talking, dow lost, nasdaq lost more than 900 points this month. Not one dow winner in the entire month of march. In fact four march, worst one for the dow and s p 500 since, ready for this, the great dedepression. Does it get any better for the First Quarter . Not really, the dow down 23 in the First Quarter of the year. S p down 19 . Nasdaq down 12 . We had a winner in the quarter, just one. Out of 30 dow stocks it, was microsoft up barely but in the green. The worst stock for the month, for the quarter on the dow was boeing. This is a stock that saw 330, t
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
Last few minutes of trading hire is what is new at this hour President Trump making his way to california this hour. Heading west for a multiday visit to campaign in key swing districts not beforehanding out a few president ial pardons before he hopped on air force one. Plane to rein in on wall street. Mike bloombergs newest proposal to crack down on some of his old friend in the Financial Services industry. Well talk about that. They may be a waste of your time. Now there is a way to get even with them and get paid. How you get revenge on the pesky robocallers. Stay tuned for that coming up. Lauren meantime we have fox Business Team coverage. Blake burman live at white house, Jackie Deangelis on the floor of the new york stock exchange. Edward lawrence in washington. Jackie, you first to wrap up well, the nail biting day for us. Looks like we have the record on the nasdaq. I hold my breath this time of day to see how it shakes out. Any gain on the nasdaq, any green territory would be