Territory. The nasdaq turned into the green the last few minutes. A lot of going on as always. Were waiting for update at this hour from the White House Coronavirus task force that update should come about hour a little more than that from now. Meantime lets get to the top stories as they develop on a monday. Fox Business Team coverage with Lauren Simonetti in the newsroom in new york, blake burman at white house for us. Hillary vaughn on capitol hill. Blake, we start with you. Reporter connell, melissa, the negotiations get nearly two trillion dollar package at going on the white house, treasury secretary steve mnuchin, negotiating with Top Democrats. One of the Top Democrats he is confident this will get done. The white house had been hopeful this would get to the president s desk for signature at some point during this week. The Vice President mike pence reiterated that timeline just a little while ago. President trump and i absolutely believe. Sake of american workers, economy, see
Raise false expectations proven they begin to lose confidence. We should tell the truth as best we know it, scientists know it. We should let them speak and be doing all in our power right now to deal with being able to confine the spread of this disease. We need more testing gets. Testing kits. We should be rushing the supply of those. It has gotten better. Up have nurses showing over theirbage bags bodies as protection. We need to get them the help they need right away. We know there is going to be more need for not just ventilators but i see you units icu units. We have never let the country down. Never, ever. Announcer 1 the Coronavirus Task force hold a briefing with Vice President pence and President Trump updating the response to the pandemic. Our live coverage begins at 5 00 p. M. Eastern on cspan. Announcer 2 extremists any of coverage watch it anytime extremists any lack of daily briefings from the president and White House Task force to update governors in the hardest hit st
Has been working aroundtheclock. We will have a program up and running on friday where not only the existing sba lenders and banks, but credit unions, fintech, will be able to make loans. Those will be able to make eight weeks of workers salary plus additional money for overhead. If you let workers go, you bring back your workers. For every worker you have the portion of the loan is forgiven. So i encourage all Small Business that is about half of the u. S. Private payroll go back and hire your workers because the government is paying you to do that. Do you get a sense that the president s decision would be these social distancing steps need to be in effect for a longer period . How do you see that impacting the return to an economy Going Forward . Do we need more time . Sec. Mnuchin my number one objective is now delivering to the American Workers and American Companies the needed money that will put this economy in a position where they can get through the next eight to 10 weeks. The
Ill be brief, just to kick us then let these guys unpack some of the details. What we want to address today is is oblem in the bell that easily fixable and that the overwhelming majority of the American People and the majority of the congress, i think, would want to be on the side of fixing. To people get help that need help. There are lots of hurting people in this country. Healthrelated right now and economic now and coming, hich also produces a second wave of Public Health crises for people. We want to get help to people who need help. Number of us are very fiscally conservative and normally spend talking total price tags. None of what were here to talk bout today is about a price tag. Senator sasse one of the fundamental purposes of this ill is to maintain the employeeemployer relationship through the trough of the ecession thats arriving right now. We want to maintain the relationship. Yer we want to celebrate workers and dignity of work and the bill to affirm that employeeemploye
What im doing, conducting video conferences and all that stuff. Lets take a look at the toll some buildups later today over the range and south. Plaza of the bay bridge. You can see it is light, and otherwise, clear start. 30s for many and 40s. Cold this morning. Couple of systems will play sometimes even on regular days, into your weather, but main le remember, on fridays we had light days. Over the weekend and early next not this light, obviously. Week. Highs today near average with and if you are driving through marin county, it has been good. 60. We have not seen that this in fact, the entire bay area whole week. Sal is at home. I dont think he has too much to talk about. But theres always a chance commute has been doing well. Something new has developed. Sal . Absolutely not much to talk airports are open. Public transportation still running. Theres plenty of room to do social distancing. About. We do want to remind you that people are going out there. If you do have to go to your