Among, at least seven different other items that World Health Officials will look at, including the president of the United States before deciding at the end of this month whether to extend sheltering provisions or to start unwinding them n the middle that a bit of a constitutional back and forth whether the president alone can decide this matter. We have different reads of this. Well get into a little bit on this, some say that the president is wrong, states ultimately decide on this. The president granted them power when and how far to shelter, then they have the power to decide when and how to deshelter. Well get into that. It is a fascinating legal argument here, one might be a moot point if any of this progress weve seen reverses or slows, likely pushing back a timeline on getting everything back to normal. A lot of fast moving developments. Connell mcshane on the latest developments. Hey there, connell. Reporter neil, if there is agreement between the Health Experts around the wo
Well shortly be determined. People want to go big as opposed, everybody seems to want to go big. They want to get to the recovery. The big thing we can do is get rid of this horrible, i call it the unseen. It snuck up on us. Cheryl with these roller coaster rides on wall street is there any good news . Charles payne, yes, that Charles Payne, will join us in 15 minutes with his perspective on the market action. He has great points to make. All that and more coming up on making money. Cheryl lets start with the stop story. A short time ago, that happened when the s p drops buy low 7 . But the administration is trying to calm, not only nervous investors but folks across the country staying inside of their homes to stop the spread of the coronavirus. We have blake burman at the white house where President Trump Just Announced he is sending two hospital ships to new york and california. Blake, you were able to get some questions to the president today. Reporter cheryl, weve been getting an
Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not. The fed, neil, you know this, basically what the fed has done in credit crisis over seven or eight month period t was done within hours this weekend markets reacted in the first 10 seconds. We dropped on the s p 500. We had a 15 minu
Recession. The dow down lost 2,400 points in three weeks and 1. 2 away from wiping out all of last years gains most other indexes already have. Your team of fast money traders to want steve grasso brian kelly, Karen Finerman and guy adami. Im Brian Sullivan guy, i dont like to use this word but is part of this market, investors, panicking no. Again, panic is the wrong word we are within 7 or 8 of alltime high. If people sold stocks given where we were is that panic . The speed things are moving is scary. I dont suggest its panic i dont think youve seen panic. And frankly the job isnt to stoke the flames of the panics its not the job to assuage concerns its our job to tell you what we nifrpg is going on with the vix at this level given the fact that people are not traveling, not going to games, schools closing, thats a fact now we talked about it last night. Thats having a huge effect on the economy and the subsequent kwekt effect on the market ill say this again, i think steve agrees,
Plot. Kelly versus the united states. Mr. Chief justice, and may it please the court, once again, the government is trying to use openended federal statutes to enforce federal government state and local at the state and local levels. Its theory this time is that the defendants committed property fraud, by reallocating two traffic lanes from one public road to another, without disclosing their real political reason for doing so. This theory turns the integrate integrity of every official level of every government into a potential federal fraud investigation. It ends runs mcnally and skilling by subsuming on a Services Fraud within property fraud and by criminalizing ulterior motives even without bribes or kick backs. It would affect the sweeping expansion of federal criminal jurisdiction interview particularly fraught area. This is not the law. This court in cleveland held that Regulatory Authority is not property. So unofficial who introduces a sovereign decision through deceit has not