Fields. So many things are happening. It is a very exciting time for, for medicine. Cheryl talk more about that later. Questions about the virus are growing from our kids to home surfaces. Well separate fact from fiction for you. All of that and a lot more coming up on making money. Cheryl our top story, the White House Coronavirus task force wrapping up another briefing today on a roller coaster day for these markets. Blake burman at the white house. He has a lot more. Blake . Reporter cheryl, we rant into the Vice President s chief of staff, marc short. There are a lot of questions about the phase three stimulus program, the trillion dollar package the white house is trying to put together to coordinate with capitol hill. He told us they believe this could potentially put together and signed by next week. As you heard the treasury secretary Steve Mnuchin tell Maria Bartiromo earlier this morning, part of that package entails 500 billion worth of direct payments to americans. The trea
And the president needs to be heard from on this issue. Vice president s appearance yesterday only caused the market to worry whether the president was even worried enough. Its important that hes doing what hes doing, and get out there in front of america. Tonight the president will put all those concerns that investors have and america has at bays as he pitches a new stimulus package. The easiest way to do this, the payroll tax cuts, it maybe one of the plans we hear from the president tonight. The other would be industry tax cuts. You know how much it bothers me that things are getting some politicized. I dont think these measures will be appreciated by democrats. We are already seeing pushback by the left and the Mainstream Media. These payroll tax cut is not if fully baked plan. But what do you think of the concept of that in general . I dont think its the right concept. I have not found a single House Democrat interested in a payroll tax cut. The payroll tax holiday only goes to p
But the market obviously not the only thing that has people on edge. The World Health Organized in reporting this is now officially a pandemic and we will get into exactly what that means for you in a little bit. The number of coronavirus cases in the u. S. , now well over 1000. Twentynine deaths in Washington State alone. They have banned large gatherings of over 250 people and now were seeing severe measures to prevent the spread. New rochelle new york with the milewide containment zone. The ncaa said therell be no spectators for march madness and more universities and schools are closing by the day. Students there are engaging in online classes. Oversees its more extreme. Italy has shut down all of their shops in the entire country except pharmacies and food markets. The government they are still urging parts. We want to give you a response to the coronavirus outbreak that started in china and is now spreading throughout the world. Today, the World Health Organization officially ann
Now. Wild swings in the market as coronavirus spreads across the u. S. , but is the virus the only factor. Falling stock prices have lifted dividend yield, some companies are often more than 5 , weve got the nays, and which companies are more attractive after the selloff. On the barrons roundtable tonight been levinson, jack how, we opened last week with three forces moving the market coronavirus, fed, politics. By midday friday look like coronavirus was the only thing standing, then a new force into the picture. So lets get this out of the way, politics is a sideshow here. What we have is a heavyweight battle between two forces. Have a coronavirus which is threatening to make the u. S. Economy grind to a halt. And you have the fed which is trying to make sure people can still get access to money. That they are not going to run other cash they need to keep their business going so the market was out riding with biden when the started customer. And jack how is being played by Sylvester S
Now, latest numbers. The house is preparing to vote on multiple dollar package. What you need to know coming up. The nba suspending season, suspending season until further notice. March madness to be played without fans. Selloff extending across the globe. European markets deep in the red followed by travel announcement by President Trump. 1. 7 . Cac quarante down 258 and dax in germany lower by 588. Almost 6 . Italy tightening lockdown even further allowing Grocery Stores and pharmacies to stay open. The European Central bank out with latest Rate Decision this morning. We will have that for you as soon as it hits the tape. Investors are looking for news of stimulus to battle the Economic Impact of coronavirus. In asia red across the board. The shanghai composite down 1 and a half percent but japan worst performer down 4 and a half percent. Lets check Interest Rates right now. We are talking about a decline of 15 and a half basis points on the 10year yield now sitting at. 718 . This, t