The s p 500 down deep in the red down 5 . Fox Business Team coverage. Blake burman is at the white house where the president is currently meeting with nurses on the pandemic. Kristina partsinevelos on the floor of the New York Stock Exchange. And chad pergram is on capitol hill. Were going to start with blake. Reporter hi, there, we had known for about a day now that the Trump Administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. Now we know what they are thinking of, how that trillion dollars might be divvied out. According to a Treasury Department document 50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what is deemed as critical sectors of the economy. On top of that, there would be 300 billion in Small Business loan guarantees, and, there would be 500 billion in direct payments to americans. Half on april 6th. Half six weeks after that, on may 18 this, 250, 250. The direct payments would be based on income level and family size. When you do the math, that works out to roughly 750 for every american for each of the two payouts. I ran those numbers by the president earlier this afternoon and he acknowledged this whole trillion dollar plan is still being fine tuned. Every number that you mentioned, yes, weve talked about those numbers. Were also moving those numbers in both directions. So well let you know. It will be, it is moving along fast. Again there is a great bipartisan effort going on that i havent really seen before to this extent. Reporter on top of that the Trump Administration is also requesting another supplemental spending request of 45. 8 billion for government agencies. 40 billion of that to these four right here, va, health and Human Services, the Defense Department and the department of homeland security. So wherever you look, whether it be to the private sectors, to individuals, to government, a trillion dollar plan, another 45 billion or so spending requests. The Trump Administration as it says is trying to do whatever it can to stave off what is in front. Back to you. Melissa no doubt. Blake, thank you. Lets go to Kristina Partsinevelos on floor of New York Stock Exchange. Kristina. Reporter im optimistic to say we came off the session lows with the dow hitting negative 10 lower at one point today. We did close a little bit higher off of that, but still in the red across the board. The dow down over 6 . S p 500 down about 5 , nasdaq a little bit over 4 lower. If we look at the movement throughout the day for the dow, we had Circuit Breaker enacted. That is when the s p 500 falls 7 . That caused all markets to be halted. Traders had to pause for 15 minutes. It happened, the difference with this one, we had four Circuit Breakers enacted in less than two weeks. This one happens before one p. M. Eastern time versus all the other ones that happened at the open around 9 30 a. M. We held out a little bit longer today. We talked though about the trend. Were seeing stocks, bonds and commodities sell off simultaneously. That is the difference were seeing. There is hunt for liquidity. People are trying to raise cash. Theyre moving out of some safer bets like government bonds as well as gold. One of those areas, commodities, i actually want to focus on oil because oil, weve been talking about the concern about hitting 20 bucks a barrel. At one point today, look at that, the low was 20. 06 for crude. We had one analyst weigh in on our show, i should say on the network really today, if it hits that price we should be really concerned about u. S. Domestic producers and completely wiping off profitability for them. You can see lows we havent seen since 2002. Switching to biotech, lets talk about some stocks gaining today. You have the race for the cure. Many companies are trying to rush out there, provide a vaccine, provide a test. That is the case of bio america. Theyre working on a 10 minute test. Moderna, imv, teladoc, a leader in telehealth. Last but not least consumer staples, people stock up on goods. Trending higher. Walmart hitting alltime high. Mccormack spices, walgreen, walmart still open. That is why theyre trending higher. Melissa kristina, thank you. Connell what weve been seeing, veronica daguerre from the wj. Good to see you. Doug flynn is with us as well. You deal with individual investors. Obviously these are nervewracking times for many of them and all of us. What types of conversations do you have, even on a day like this . Seems like the speed of the movements, one way or the other it is just catching just about everybody off guard . It is. Today is the 8th day in a row with more than 4 swings up or down. That breaks the record of more than 4 moves ever so it is unnerving and the conversations were really having, there are really three things you can do. One is really to do nothing. Two is just, whatever you thought was good for you long term about a month ago is probably still good long term. Maybe just rebalance right now back to it. Connell right. Or the third thing you can do is make a decision do i get in or get out. Typically if youre getting out, those are decisions you make under duress you come to regret later on especially a freefall were going on right now where the market trying to find its bottom. Connell the search for the bottom caveat all depends on personal situation, how old you are, veronica, Everything Else but people are nervous. Seems like theyre waiting well talk more about this in a moment in terms of details for washington to do something, even when washington does something it doesnt help us with the timeline necessarily how we get through it, right . Right. We dont know how far, how deep this recession if well go into it, looks like it, how long it will go on for. You can only do so many fiscal and monetary measures. You know at the end of the day, people really want some sort of a vaccine, some sort of a cure for this. That is something that the federal government cant do through monetary measures. You know, in terms of investors though, i think individual investors were seeing it in the numbers so far has been pretty disciplined, not making big moss. Were seeing most of the big moves in the market from the professional investors and al go traders. If youre an individual investor, dont need the money for foreseeable future, you know what . Try not to open up the 401 k . When you panic, people tend to not make good decisions. Connell right. If youre in situationings that youre losing your job, a lot of your money is tied up in stocks in your brokerage accounts, you dont have three to six months worth of expenses, maybe you want to get some of that money out, so you have that three to six month worth of emergency funds. Connell definitely saw it on the professional level, that search for cash today. Kristina was talking about that. All kind of Asset Classes that were being sold off, doug. A quick word on that . Everybody seemed to need or want cash depending on their situation . That is, this is a, sort of a fight or flight kind of thing that people are feeling right now. Were just about down to the average which is 36 down, average recessions go down 36 . Were almost there. Were right about to the point where you look the average. That is when people typically want maximum flight, basically where we are, do i get out . Connell i will bring melissa in here for a moment, tell everybody what theyre doing. There will be a playback, melissa, from President Trump in a few seconds who is meeting with those nurses. Maybe we get more what were expecting out of washington or at least how the response is being handled, right . Melissa he based a lot of questions on number of ventilators out there and number of masks. Lets listen in. See what he has to say. Thank you very much. Today i welcome the great nurses of our country to the white house and express our gratitude for those on the front lines in our war against the Global Pandemic and it has been something, but, were winning it. We will win. It is a question of when and i think it is going to go quickly, we hope it is going to go quickly i think we all agree. Were glad to be joined by Vice President mike pence, secretary alex azar, administrator seema verma, dr. Robert redfield and dr. February bra debra birx. Thank you for being here. Were using all power of government for the chinese vice russ. Were making 50 billion of Disaster Relief funds to use to assist hospital as you know we need. I asked states to set up Emergency Operations centers and hospitals to activate emergency plans and they have been fully notified. Were urging hospitals to can sell all elective medical procedures. That Emergency Declaration allowed us to give nurses an doctors maximum ability to respond to the virus and professionals through telehealth nationwide which is becoming big stuff, telehealth. Makes it a lot easier for patients and really has been working out amazingly well. We empowered states to authorize tests developed into their state and we are working with the private sector to rapidly expand testing capacity. We have literally rebuilt that whole system t was an obsolete system t has been rebuilt and a lot of good things are happening. Weve ordered 500 million n n95 masks to drive private production. They are repurposes factories. One major manufacturer has already doubled capacity. Weve asked Construction Companies to donate unused masks. They donated quite a few of them. Construction companies, who would think that they will be donating unused masks and the Defense Department is making millions of masks available for health care workers. And were asking every american to make major changes to reduce social interaction shuns over the two weeks as we all know. We must make shared sacrifices. Thats what were doing as a country. It has been amazing to see the way the country has come together. There is tremendous spirit and even republicans and democrats are getting together, for the most part but theyre getting together so thats a good thing to see. I thought maybe i would go around the room and say, your name, and who you are representing and great to have you, thank you very much. Please. Im dr. Debbie hatmaker. Chief officer for of the american nursing associations. Im the ceo of the American Academy of nursing. Dave ceo of American Association of nurse practitioners. Thank you very much. Mr. President , im dr. Debra troutman, mr. And see joe of the American Association of colleges of nurses. Im Theresa Davis and im Clinical Operations but representing the American Association of Critical Care nurses. Thank you very much. Ron troutman, 2021 National President of american emergency nurses association. Mr. President , im the ceo of American Organization for nursing leaders and cno for the American Hospital association. Thank you very much. I know who he is. Mike, do you have have anything to say . Mr. President , i want to join you in welcoming these, these great healers to the white house. The president spoke today to the leaders of physician organizations from around the country. We garnered from them recommendations about how we can further support those of you that are coming along americans impacted by the coronavirus and as the president said were absolutely committed to bringing the full resources of the federal government, the full resources of the American Economy to work with states across the country to be there for americans struggling with the coronavirus but at the same level of priority the president s made it clear we are to make sure that the men and women who are serving those patients and nurses, nurse practitioners, the emergency room nurses, so wellrepresented here around the country, are in the forefront of the president s mind. As he said weve taken decisive steps. Weve enable expansion, availability of n95 masks and congress has worked in a bipartisan way to make more of those available. Were working on gowns, gloves, all the personal protective equipment that all of you rely on every day. I look forward to the discussion today about how we might be most helpful but i hope you will carry back the gratitude of your president and of our entire team on the White House Coronavirus task force for the work that all of your members are doing every single day. They are the hands and feet of american compassion and every american is grateful to our nurses. Thank you, mike. And just for the media, fema is fully engaged. Theyre, were working with them very closely. Theyre going around, theyre seeing many of the states they are engaged all over the country but some areas have far greater problems than others. Some areas dont have very much of a problem at all as you know but fema is very much engaged. Theyre fully engaged as of about two hours ago. Tomorrow were having a, what i think will be a very interesting News Conference and i think you know what thats all about. So we will see. Fda will be, they have been working very, very hard and i appreciate what theyre doing, i think we have some very interesting things that will be brought up tomorrow at the News Conference. It will be set up i think at around 11 00 or so but we look forward to seeing you tomorrow. Thank you very much, everybody. Press lets go. Were finished. Connell President Trump moments ago at the white house meeting with a group of nurses there, giving us preview what we might see tomorrow. While that was happening the president did pass the stimulus bill that came out of the house. Want to go to chad pergram on capitol hill and to be clear, this is not the socalled phase three of trillion dollar stimulus weve been talking about the last few days. This is the one we almost forgot about that came before that, right . Reporter thats right. The face two, the vote was 908. That underscores the challenge that faces democrats and republicans in the senate as they try to put together phase three. The fact that it took from saturday morning until wednesday afternoon just to get that through that was supposed to be the easy bill, that tells you a lot as they try to work on phase three. There is a lot of concern about the cost of phase three. Here is republican South Carolina senator lindsey graham. I am worried about the price tag. You pay now or you pay later f we dont contain this virus the entire economy is going to collapse. Reporter there is disagreement from senators on both sides of the aisle about direct payments to citizens. Not all of more than one trillion dollars is new money. Much of it is tax breaks but Senate Majority leader Chuck Schumer is concerned about how much money people will get if theyre off the job. A single 1000dollar check would help someone pay their landlord in march. What happens after that . How do they pay their in april when their office or restaurant or store is still closed for business . How about may . How about june . Reporter they will have to negotiate with democrats like schumer as well as House Speaker nancy pelosi. John cornyn, republican senator from texas said earlier this afternoon, quote, what i am more worried about than anything this may not be the end. In other words whatever they pass next two or three days, if they can get it together that fast, that might not be the end. That will be more than a trillion dollars. Chris coons, democratic senator from delaware he indicates that businesses are on the phone with him and track airlines we need to see action from congress right now, we need to make decisions this week about furloughs and cuts. It will not be in a month. We need to understand what congress is doing so we can make those decisions this week. Connell, melissa . Connell right. They want to see how it is structured on face three. Chad pergram on capitol hill. Melissa. Melissa lets bring veronica and doug now to react. Doug what do you think of what you just heard . Assumer is saying he wants to spend a few more trillion dollars. Melissa shocking, yeah. Look, i think some of the things theyre trying to do are helpful f you go with the payroll tax. If youre not working youre not getting the money. If you give people money out of the gate that might help. This is not a long thing we have to get through. We have to get to the other side of the mountain, when we do, there are good prospects on other side of that. Were living in the moment of all the negative news minute by minute so all this stuff is helpful. Business is doing a great job. People are doing a great job. Government is doing its job. Hopefully all together we get through this and to the other side. That when you see improvement. Melissa if there is emergency, last people i want to wait on is congress. That is the slowest moving body of any type in our country. Im trying to think of something slower, maybe the mail, but that is government too. You want executive order. People are terrified. They need relief. How are they doing . They have got to move on this now. Americans need money now. The good news it sounds like americans are going to get some sort of a check. I dont know how big it will be. Depends on size of your family, how much you make. Looks like you will get some money. That will be welcome relief to lot of americans who are terrified. You need to pay your rent. You need to pay y