Even though some of might be different directions. Were monitoring that. Monitoring what is the second biggest point gain so far, for the dow jones industrials. All major averages are advancing pretty smartly, right now, amid talk that this deal will get done, timing is only issue here. Whether this stimulus measure. That is out there, will be enough. Including that lockdown in wuhan, the epicenter of the coronavirus, slowly by surely. Keep in mind that about 60 million chinese remain in this proverbial lockdown. But the biggest of all was instituted a few moments ago with indias Prime Minister, announced a lockdown not for a section of country, not for some in this country but for all. 1. 3 billion indians in his country. This will last for 21 days. Youre beginning to see a trend here that shows the frantic efforts we are taking to provide stimulus to sort of slow the Economic Impact or the a least the arrest the blows in this country. As other countries are sort of dramatically ackno
The bill is passed. Send the bill to my desk for signature without delay. I will sign it immediately. Reporter leaders came to an a bipartisan agreement on this 2 trillion coronavirus economic stimulus bill. Four republican senators said they would delay the vote. They believed it would encourage people to stay unemployed because the benefits would be worth more than what they would normy make. It is the worst idea i have seen in a long time. Reporter senator Bernie Sanders said he wasnt happy with the bill. And wished there were stronger conditions on corporate funding. I am very, very, very concerned about a 500 billion that will go out to the corporate World Without the accountability. The stimulus would allow for direct payments to americans and allocate hundreds of billion dollars for small businesses. Our expect is within three weeks we will have direct payments out. Reporter President Trump doubled down on his hope by Easter Sunday they would be able to reopen businesses. As one
Confirmed cases of the infections pushing the global coronavirus nationwide and the total over half a million. Number of cases continues to china has the highest number rise in california. According to the latest numbers followedly italy and then the from Johns Hopkins university, United States. And governments scrambling to there are 3200 case in the state and 1200 in the bay area. Contain it. The latest from london. Were looking at where you youll likely see the numbers guys are coming from. Continue to increase as the reporter more than 2. 8 testing ramps up across the billion people under travel restrictions as the governments state. Try to contain the spread of the lets look at the coronavirus outbreak county by county in the bay area. A second person died in San Francisco and the city has 223 coronavirus outbreak. There are 500,000 kiess in more than 100 countries. Confirmed cases. Santa clara county has the most Health Care Systems in spain, at 459 cases. And the total of 17 dea
Activity as Economic Activity grinds to a halt here in the u. S. , the white house calling for half a trillion dollars in direct payments to taxpayers and says we could see bailouts for airlines, hotels, and cruise industries, all the sectors getting crushed in todays market and crude oil down a staggering 23 . Now trading just above 20 a barrel we have every angle covered for you. Bob pisani is on the floor of the New York Stock Exchange. Kayla is in washington with the response to lawmakers. And were covering the latest on the virus itself bob, first to you on another roller coaster ride today here at the Stock Exchange. We have a quiet morning i say relatively quiet, it was down 6 tach take a look at the s p i urge you to watch it emotionally. He said we need a 30spring break. This slow rollout of a shutdown is not working market dropped quickly to the lows of the day. We hit the Circuit Breaker at 12 50 eastern time, 15minute pause. We reopened. We have not dropped to the he second
Morgan hill and san martine. Notice snow close to mt. Hamilton. The air will get progressively cooler. A few more showers and rain moving into San Francisco and marin county and into the north bay rain making a comeback. Notice what were seeing on the satellite. The cold air support of that upper level low sending showers our way. We think theyll pick up in intensity. There is a chance we could have brief thunder and small hail possible at times. Notice the break between the showers and as we head to the evening approaching sunset should see the showers shut down and temperatures in the low 50s. How much rain and snow in the sierra coming up in 15 minutes. Well see you, rob, thanks so much. Cases of coronavirus continue to grow here in the bay area. One is an Airline Employee at sfo. Is has people stocking up a staying in. Overnight developments. Reporter Alaska Airlines does not believe the employer had prolonged contact with people. They and the infected agent are in quarantine. This