The who says theres potential. Whistleblower says federal employee who is were sent to quarantine locationed were put in danger of infection by not having the proper gear. The u. S. Navy orders selfquarantine for ships that have been to highrisk areas, more companies as political battles are waging. Infectious disease expert is here from John Hospital kins will be here with what you need to know. What apple ceo ceo is saying about the coronavirus and company, exclusively at fox business. Days from South Carolina primary , senator Bernie Sanders knocking joe biden out of first place. Mornings with maria is live right now. Top story this hour, market sells off, we are off of the louse of the morning and we are looking at a decline right now of 232 on dow jones. That means the market is down 10 from the high, the dow plummeted 1200 points yesterday, largest decline ever. Secrets of wealthy podcast veronica, fox business Dagen Mcdowell and wall street journal Senior Writer Jon Hilsenrath.
Barriers that were unnecessary. They have done that to get the Rapid Deployment of safe, effective treatments. David markets cheering new action from dc, but growing concern over safety of packages with new development from amazon, this is bulls and bears, i am david asman, we have it. Ashley webster looking at green in the market, susan lee following amazon, but First White House and blake buhrmann. Reporter treasury secretary mnuchin said today that damage would administration would like to see,00,000 dollar chs deposited to americans adults and another 500 if they have children. In part of this package they are negotiating and crafting with republicans, Vice President chief of staff said they feel that phase 3 stimulus packages, could potentially makes it way to president s desk next week and be signed next week. President was asked today whether or not that trillion dollar figure is sufficient. Well know about that later, well see what happens it so much depends on what is going on
Neil. Well, you said it when you set this up at the top. The conversation here on the floor has surpassed this notion of correction which the markets have gone straight through, but now traders are talking about bear market territory. That would be a 20 decline from alltime highs. Theyre saying they hope it doesnt happen, they hope maybe a bottom is set here today. The problem is theres just so much uncertainty, and we dont know where this whole situation is going to go. You know, the comparison has been made to the financial crisis, but there was an orderly process, right, between the government and the banks that stepped in to try to work on things. There was some uncertainty, but people were working on it. With this, were not sure how bad it can get, and thats whats spooking investors. Now, the s p 500 entering correction territory, it only took six days to get there. That is pretty staggering. The last high that we saw was on february 19th. Its been the worst trading week since tha
The biggest global coordinated effort since 2018 to save the Global Economy from the coronavirus. Were seeing it react pretty dramatically in the Commodity Prices right now. Look at the dow, were back up 766 points. Crude is up over 5 . Gold got smashed last week on margin calls, it is coming up 30 inhouse. That is pretty incredible run after a big blowout last week. The reason theyre buying gold, if all Central Banks start easing policy, gold might be a safe haven play t wasnt a safe haven play when we were worried about global recession but those odds seem to be going down as Global Central Bank starts to take action. Interestingly enough, last week commodities really got crushed. Grain prices, cattle prices, food prices across the globe, worried that people wouldnt have a lot of money to pie a lot of food. Those prices are coming back. Really a mood change from Opening Sunday night. We got more bad news from the coronavirus and more bad news thing is getting out of control, we open
Numbers. The confirmed cases in the bay area. Santa clara county has the most cases. Sadly, late this afternoon we learned of another death, a man in his 50s. Thats the fifth death in Santa Clara County. A lot of news coming from governor newsoms News Conference. Another thing he called for, more hospital beds during this crisis. The governor signed emergency legislation today for 1 billion in funding. It would make way for tens of thousands of beds. He also talked about a conversation he had with President Trump this afternoon. I had the privilege of a conversation quite literally an hour ago with the president of the United States. The president assured me not only assured me, he was aware of where those swabs are being procured before i even offered my own insight. So this new funding bill passed in one day by the state legislature. More than 1 billion. Besiding increasing hospital bed capacity by the thousands, it would also provide money to purchase a lot more medical equipment. T