Us and Edward Lawrence in d. C. Grady, we heard from the president at the roundtable. Youre on the move from the outside. What is the latest from kenosha . Reporter a lot of supporters for the president were here this afternoon and got a glimpse of him as his motorcade went by. They largely thinned out, is a handful of protesters here in the park as well as at the courthouse. This is the backdrop to the president s visit today. He toured the damage, met with local Business Owners, several of whom lost everything in the rioting of last week. He also had that roundtable with Law Enforcement officials. He thanked them for their help. He offered help to other cities like portland and announced one Million Dollars to the Kenosha Police department and 42 million to Law Enforcement agencies across wisconsin. He praised them for their work here, getting a handle on the situation in kenosha. Listen. President trump these gentlemen did a fantastic job working with the federal government. It was
Fox Business Team coverage with berm blake burman in washington and Edward Lawrence on the latest visit to north carolina. Reporter he have went to the fuji film biosciences plant in north carolina. The health and Human Services department, 265 million deal, side deal with fuji film for another plant in texas to ramp up production of the vaccine there. Fuji film has done a deal with novavax, specifically for the phase three trial. Theyre going to provide all of the clinical needs for that trial, it is part of the 1. 6 billion that federal government gave novavax for this. The federal government saying, vaccine production are taking place at the same time, and that is saving time. Not only is operation warp speed accelerating the development of a vaccine, were also directing a colossal industrial mobilization to insure its rapid delivery. Nothing has happened like this since the end of world war ii. Reporter novavax never delivered a vaccine to the market but showed enough promise to be
Us in and want you to know that we appreciate the leadership of you and your team in putting together this dynamic reserve for the ventilators. You already heard there is a little bit of an uneven impact in terms of the disease and battle were fighting this will allow us to provide an opportunity to flex, so that we can get the equipment to the right places at the right time for those that are really struggling. And this is an innovative approach that were committed to. The Hospital Systems around this table have stepped up to the plate to make commitments and you have our commitment at the American Hospital association that we will work with the rest of our field to make additional commitments and make this a success. So were also building a very high quality ventilator because you have to make a decision and i was told it makes a big difference. The level of quality of a ventilator what is it, what is the difference . Do you find it makes a big difference . Theyre obviously more expe
Lauren simonetti watching the markets. Edward lawrence also in d. C. , and Jackie Deangelis in new york, but on the markets, lauren, we start with you. Lauren what a day, right . Oil saw the biggest gain one day ever, up 25 . Closing just over 25 a barrel. Energy stocks rising in a big way. What happened . The president said russia and saudi arabia appeared close to a supply cut, taking oil off the market. We dont know if that will happen, if they actually agree to it or how much they will take off the market and where exactly they will put all of that crude because think about it, were not using very much right now. So supply is certainly out there. Anyway, great day for the price of oil. And with that, some of the big Energy Stocks as well. The oil news helped investors brush aside the news we got an hour before the market opened this morning. That showed last week 6. 6 million americans filed for first time unemployment insurance. 6. 6 million. If you add that to the week before, we
We had major swings top to bottom but not that high at the end. Plenty of developments to cover on news front with fox Business Team coverage. Reporters all over the place. Ashley webster with the markets here in new york. Edward lawrence covering things on capitol hill. Blake, we start with you with the latest from the white house. Reporter treasury secretary Steve Mnuchin told Maria Bartiromo this morning that the administration would like to see 1000 deposited into the Bank Accounts of adult americans. 500 for the children as well on top of that. As part of a trillion dollar stimulus package that the administration is negotiating up on capitol hill. Vice president chief of staff told us this afternoon, they believe that package could make its way to the president s signature next week. Earlier today during the president s Daily Briefing as it has become, he was asked if the trillion dollars was sufficient . Well know about that later on. Well see what happens. It depend how long, so