The Dow Jones Industrials plunged 2,000 points. And trading was halted trying to break the slowoff. The Circuit Breaker slowed but didnt hit a decline. The national leftwing media playing up fears of the coronavirus that affected 113,000 people in 111 countries and territories around the world. Well turn to the dimensions of the pandemic here at home later in the show. Vladimir putin refused to go along with saudi arabia and opec to boost oil production. The result soil prices suffering the worst collapse since 1991. For the day, the dow, the nasdaq and s p dropping 7 . The losses amounting to 2. 5 trillion in lost market cap. Well have lots more on what to expect in the days ahead. The worsening outlook for the coronavirus pandemic is bringing more fears. A cruise ship carrying 3,500 people docking in oakland after spending the past five days offshore. 21 people on board the ship tested positive for the coronavirus. After removal from the ship all passengers will face a 14day quaranti
Crisis. He is in charge of 2. 3 trillion. Relief is on the way for millions of americans meanwhile and has a 2 trilliondollar coronavirus package is expected to help Small Businesses and individuals as soon as next week. It includes funding for public health, Small Businesses, Small Business loans, Unemployment Benefits and direct payment to americans. Steven mnunchin tells me that the new bank Lending Program will be ready by next friday. Chairman powell and i are speaking multiple times a day, every day. Even before this legislation was passed, the fed requested use of 133, those are there emergency powers, the way this works is the fed makes a request to me as treasury secretary, i have to approve it, ive approved all the requests so far, weve announced five of these transactions using existing money that we had before the legislation was passed, and the mechanism works in some of these where the fed is doing certain transactions, vacant credit support from the treasury and money th
How is transportation . You always talk about the supply chain do you think this bill will help the supply chain and the worker. Anthony, thank you tony very much. Thank you. Bobwhite hauser, thank you very much, he was a little bit involved but he was too busy making trades. Thank you everybody. , we will have a 530 news conference. It seems to be doing quite well, we appreciate everything in the furnace for most of the press, we really do, thank you very much everybody. There was a rare moment of agreement between you and senator kerry, can you expand a bit on that. He made a joke about a man named congressman massie, i think he was totally out of line, because of that a lot of people had to come back and they had to go into a place which frankly were not supposed to be in in light of what we are doing with tony and all the professionals, people had to come back and just no reason for it. John kerry made a little joke and i agreed with his joke and i said never do we have that kind o
Nation is coming together to defeat the virus. President trump there is tremendous hope. I think well come out bigger, strong and better. We learned a lot. We learned who to rely on, month not to rely on. Our country has been incredible. Including the fact i just spoke to senator schumer. We both want to get to a good solution. Watching and seeing people that werent speaking getting along well because we all have one common aim. Thats to get rid of this invisible enemy, get rid of it fast, and go back to the kind of economy we had, and maybe even better. David the president s message of optimism being smeared by the media. Saying it may be giving americans a false sense of hope. President trump was having none of it. Is it possible your impulse to put a positive spin on things may be giving americans a false sense of hope for preparedness right now . President trump i dont think so. To not get approved drugs. President trump it may work and may not work. Nearly 200 dead. Millions who a
Retailers, factories, restaurants, bars, schools, gyms, hair salons, las vegas can see notes, even houses of worship all shuttered for the number people to be together one time. At an addition many of us worked told to work from home purred we learned a new phrase social distancing keeping is far enough from everyone else to not get the transition of the virus are discovered 19. Many have been told to shelter in place meeting to just stay home. Meantime, President Trump, treasury secretary mnuchin and congress traveled to provide millie and billions of dollars in aid to offset which could decimate airlines and hotels as well as many small businesses. In addition, washington plans to provide direct Financial Assistance to families and individuals being hurt by the loss of their income as their employer shut down operation. And wall street continued its massive self, essentially wiping out all of the gains it has made since President Trump took office. And the virus even hooked the New Y