Planned to stimulate the economy and help those working americans. Although the president likes the idea of the payroll tax holiday i will tell you what weve heard from many people and the president said we can consider this the payroll tax holiday we get people money over the next 6 to 8 months were looking at sending checks to americans immediately and what weve heard from hardworking americans Many Companies have now shut down whether its bars or restaurants american state cash now and the president wants to get cash now and i mean now in the next few weeks and for more on all of this and the state of the markets we bring in t. J. Watkins chief market analyst at Simpler Trading and Todd Horowitz chief strategist at bubba trading thank you so much for joining us now baba here in the u. S. The Trump Administration is pitching this roughly 850000000000. 00 stimulus package which would ease some of this economic pain where were talking about payroll tax cuts theres a possibility of a 10
To shut things even further down, especially that News Conference from andrew cuomo today really took the air out of the rally for today. We have to say is we look at the dow down 152 points in the s p down 22, the president remains hopeful. I believe in a lot of things. I want to get workers money and whichever way the best way to do it and i want to keep businesses open. So we are going to get an update on the plan. Senator kevin kramer will join us during this hour and we have Market Analysis from our very own Charles Payne. He will be calling in and you dont want to miss him. A lot more coming up during this hour, making money starts right now. The white house launching fresh travel restrictions in wake of the coronavirus crisis. At the same time the publi republicans trying to get democrats on board with the white house latest stimulus plan. Lets bring in edward lawrence. He is live with us with a lot more. Edward. This is a phase three stimulus and its an expedited form going for
Tuesday things are back in the green but the question is for how long were going to get to that shortly with some expert analysis but thats whats going on on wall street what about whats happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the United States as of tuesday the United Auto Workers have called for a 2 week shutdown of plants operated by ford General Motors and chrysler to safeguard their members from a crow Virus Outbreak Movie Theaters Movie Theater operators amc and regal will close for up to 12 weeks Department Store nordstrom will close for 2 weeks apple stores have closed and the list keeps growing on tuesday at the white house u. S. Treasury secretary Stephen Moore nugent spoke about what the administration has planned to stimulate the economy and help those working americans. Although the president likes the idea of the payroll tax holiday i will tell you what weve h
Plus as the virus continues its spread across the globe so as misinformation about the outbreak and tech giants are teaming up to take it on and later the global Aviation Industry has been battered by the virus could help for the sector be just over the horizon we have a packed show today so lets dive right in. And after the worst day for the u. S. Market since 1987 were seeing a bit of a rebound following an early rate cut from the u. S. Federal reserve as the central bank tries to mitigate the Economic Impact of the coronavirus markets tumbled to yearly lows losing more than 10 percent and on tuesday things are back in the green but the question is for how long were going to get to that shortly with some expert analysis but thats whats going on on wall street what about whats happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the United States as of tuesday the United Auto Workers h
Accompanied by the vice premier of the peoples republic of china. Thank you very much. We greatly appreciate you joining us at this white house event. It is very important and remarkable location. Today we take a momentous ste step, one that has never been taken before toward a future fair and reciprocal trade phase one of the historic trade deal between the United States and china. Together we are righting the wrongs of the past to deliver Economic Justice and security for American Workers and farmers and families. Want to thank president xi who was watching as we speak and i will be going over to china in the not too distant future to reciprocate. I want to thank president xi was a very very good friend of mine. We are representing different countries. He represents china i representing the us, but we have developed an incredible relationship if i want to thank him for his cooperation and partnership throughout this complex process. Our negotiations were tough and respectful leading