News coverage. We begin today with the dow up about 700 points now as youll see in a moment. It has been a whip saw day for wall street as virus fears loom. The dow dipping below 20,000 but zooming back as much as 1,000 points as the Federal Reserve and the Administration Step in to calm investors. Health Care Companies are targeting the virus from treatment to Testing Solutions there you see it up. The ceo will join us this hour here is what you need know. Theres more than 5600 confirmed cases of coronavirus in the u. S. Marriott will furlough tens of thousands of workers as the hotel giant shuts down locations. We have coverage of this today we have more on the white house plans here bob is watching the market seesaw steve is all over the latest move from the Federal Reserve. Ka kayla, lets start with you. Reporter were waiting comments fr comments from capitol hill the rough contours were about 250 billion for Small Business loans and about 500 billion for a payroll tax cut. It appe
The 02020 football championship which had been due to take place across the continent. Hello welcome to the program our top story restrictions around the world becoming will severe as countries step up their efforts to halt the spread of the coronavirus iran has issued one of the most dire warnings so far saying millions could die if they continue to ignore advice and move around the country malaysia has imposed some of the toughest restrictions seen in asia or outside of china by closing its borders and clamping down on movements all this on the same day it recorded its 1st death and then france has entered a nationwide lockdown as well thousands of police are on the streets to find people if they cant prove that buying food or going to work and the euro 2020 football tournament which was due to be held in 12 different cities across europe has now been put back by a year as paul brennan begins our coverage with a look at the situation in europe. As the noon deadline passed the normall
Whether to amend that with a bigger proposal because we all know a bigger proposal is necessary, but ive decided were going to go on and vote as soon as the senate can get permission to vote on the bill that came over from the house, send it down to the president for signature and thus reassure the people around the country that we can operate on a bicameral, bipartisan basis quickly. Second, we will not leave, the senate will not leave until we have passed yet another bill and clearly, that will have to go in two steps. As i indicated earlier, First Senate Republicans and the administration are going to try to reach an agreement on what we think is best for what could best be described as phase three. Then the senate being the senate, we will sit down with our democratic counterparts and see what we can agree to. We will not leave, the senate will not leave town until we have processed yet another bill to address this emergency. With that i will be happy to take a few questions. Repor
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the
Day. Kpix 5s kenny choi is live with more details on the developing story. Kenny. Reporter juliette, this is a directive from the governor. He says hes not going to enforce it as if the state of california is undermarshal law. But the message is clear. Further prevent the spread of the coronavirus. Its another step forward as they combat covid19. All bars, wineries, brew pups and night clubs in california are now being asked to shut down immediately. We believe that this is a nonessential function in our state. And we believe that its appropriate under the circumstances to move in that direction. Reporter mean while, restaurants, cafes and eateries can stay open for now, although theres been some pressure to close them as well. We dont believe ultimately that is necessary at this moment. Consideration nonetheless is to socially distance patrons within these establishments. Reporter the governor is directing restaurants to reduce current occupancy by half and requiring social distancing