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 acknowledging the obvious, extending lockdowns that are very common in this country for half the american population. This is a stay at home feature in this country. Where half of americans have been told to stay close to home. You dont have to go out, dont go out. In india theyre going one step further to say out right, you cannot travel even within india. If you have to go out better be for emergency, or else they will haul you in jail. Weve got that. We got blake burman at white house with the latest on stimulus and a lot more to come out of washington. Blake what are you hearing . Reporter hi, neil. The feeling among democrats and republicans that this deal is very close, within reach, probably going to be potentially i should say be announced in the upcoming hours. In fact Chuck Schumer, top democrat in the senate said a little while ago, last night if they were on the five yard line, using football reference, they feel like they are on the two yard line. Senior Administration Official telling fox earlier this morning, as of this point, this is what already has been negotiated and agreed to by both sides. Pretty bigticket items. Includes relief for hospitals, Unemployment Insurance we were talking about, tax breaks and deferrals, direct payments to individuals and families. Im also told there is an agreement on oversight for half a trillion dollars headed to large corporations. The package also includes money for airlines and senior Administration Official says that will involve the leadership from the airlines, either choosing a Loan Facility program or a grant option, with conditions likely attached to both. That officials saying quote, airlines have three choice the right now, loan, grant, bankruptcy court. So they get to pick their poison. Back here at the white house, neil, there is renewed talk about potentially opening up the economy or reopening up the economy. President trump once again fueled the conversation with this tweet earlier this morning, writing quote, our people want to return to work. They will practice social distancing and all else. Seniors will be watched over protectively and lovingly. We can do two things together. The cure cannot be worse by far than the problem. Congress must act now. We will come back strong. Remember, neil, state leaders, state governors making decisions within their areas about all the different restrictions were seeing all across the country. So i asked larry kudlow earlier this morning, what could the federal government actually do, when it comes to reopening the government . Reopening the economy, rather . This was his response. Guidance probably the best way to put it at this stage. Guidance, we dont exercise monolithic authority. Were taking emergency measures. Were working together on this i have to be vague right now, this is just an idea that is beginning to build. Reporter a week ago, neil, in the 15day window that the president and cdc put forward on 15day guidance, social distancing, stay at home for work, et cetera, this is interesting, listening to the governor, Governor Cuomo of new york, who has been making pretty much the same argument the white house is starting to lay out, Public Health and Economic Health as larry kudlow put it today can work together. The governor of the new york was making a case little while ago, while it is important to look after the elderly, look after the vulnerable because of coronavirus that can also work in lockstep with reopening the economy for some other millions within that state and as the white house is starting to sort of hint at, millions across the country as well. Neil . Neil you drew an important distinction between what the governor is saying when push comes to shove, Public Health and protecting them. President , sometimes you have a situation where the cure is a lot worse than the impact of the coronavirus. So have you gotten any hints . I think this 15day up to your point, next tuesday or that the president will ease restrictions . The hints are coming from the president and larry kudlow themselves. When you look at neil, everything they have said over the last couple days, very publicly as well. The general consensus is, they will let this 15day window play out t was instituted last monday. So eight, nine days ago, however you want to calculate it. The end of the month was the best guidance i was given when it would end, 30th or 31st. The president and kudlow are saying, look, theyre looking at it, theyre thinking about it, as larry said there they can put forth the guidance. The question what happens after that at the statewide level. The guidance they put out first and foremost the states have listened to. Larry . Neil, rather. Neil that kind of a day. Youre a young man. Thats okay, blake burman at the white house. I should have said bill burman or Something Like that. Thank you, my friend. Corner of wall and broad we have selling across the board affecting virtually every s p 500 sector. We trade in the huge swings, if this were to hold would be the second largest point gain of market history. We had one little more than a week ago. That was the largest. Having said all of that, markets like idea of stimulus coming. Later on in the broadcast, some promising drugs on the horizon. Walmart is the only dow component not advancing here t has been advancing with one record high after another. It is doing a lot of right things analysts like, good place to shop for americans and good place to be for workers. Theyre sharing the loot for workers offering 300 million to half a billion dollars to workers in bonuss that is a pretty nice thank you. Jackie deangelis on the stock surge. What is going on here, jackie . Reporter good afternoon, to you, neil. They want to see Washington Pass this bill. That is definitely oil going into the machine to keep things moving along. Were having one of those days. Were seeing a nice rebound. There is confidence in this market. That is important given the volatility weve experienced over last 3 00 or four weeks, where the dow comb off the record highs. Traders are still telling me theyre tentative. Just because we have a good day here doesnt necessarily mean anything. We have to seal a couple things happen here. First of all optimism about the bill is not same thing as passing a bill. We need to wait for that to actually happen. To see how it flows into the economy. The president s tweets suggesting maybe in certain parts of country that we need to try to get people back to work. But there is two schools of thought on this you can do that, start to open things up again, number one, will consumers actually get out there to start to consume. Number two, if people are going out, theyre not following the proper social distancing will we see another spike that send us back into retweet. There is a still a lot of uncertainty out there and uncertainty is the name of the game on wall street. Right now everything appears like it is okay. Markets will be watching this. Traders are telling me there is a possibility to see more downside from here. It is one of these touchandgo kind of things right now. Neil jackie, thank you very, very much the other big news item today is the olympics are put off for another year, tokyo making it official. It was not a big shock when so many countries saying either you do it or well do it. Connell mcshane on all of that. Connell what are you hearing . Reporter it is interesting, neil, youre right it is not a big shock to anybody following this because the pressure had been building in recent days from likes of canada, australia, even the u. S. Olympic Committee Last night for the International Olympic committee and for the government of japan to postpone the games. That is exactly what we ended up hearing. Instead of having summer games in the summer of 2020, beginning the month of july, they will be postponed now to the summer of 2021. Instead. This was something that had been coming. Now we know it is official. Neil, i want to going discuss on headlines coming out last hour or so from the state of new york. Blake got into this a little bit but Governor Andrew Cuomo was much more dramatic in his tone addressing reporters a short time ago in albany than what weve herd from the governor in recent days this is something to watch play out over the course of really the next few hours, how state and local governments, particularly new york are interacting with their counterparts on the federal level. President trump and his task force. So the governor comes out and he says, neil, that the apex of this crisis on coronavirus is going to both be higher, meaning worse and also happen sooner than had been thought. The next 14 to 21 days are very important he says. The need for ventilators cannot be overstated. In fact Governor Cuomo pointing out that fema has promised him 400 ventilators. He says that is no good. He needs 30,000 ventilators as the Hospital System is on its way, at current pace is maintained to being overwhelmed. Neil, as i go back to you, last point, interesting to hear Governor Cuomo weigh in on this, this back and forth about when we reopen the economy as President Trump has talked about it, as blake said, in many ways the president and governor might be saying similar things but saying them much, much differently and Governor Cuomo said there should never be a choice between somebodys health and the economy. Americans will certainly choose health. That is everybodys number one priority. He did talk though, however, about what he described, neil as more refined approach. That is what he wants to see. Maybe where younger people start going back to work at some point. Whereas people in more vulnerable population are more protected. Sew understands the president s point that the current trajectory we are on from a economic standpoint may be unsustainable but he is looking at more refined way. The pressing issue is the Hospital System. The pressing issue according to Governor Cuomo is those ventilators. Neil all right. Stay with me if you can, connell. I want to bring back Jackie Deangelis and Keith Fitzgerald on the impact of all of this. Whether the president gets his swish to slowly get people back to work. We dont even know when that process would start. Many in the medical Community Say it is way too soon toe even consider this. The president has to be pragmatic and practical about it as does the governor. To Connells Point theyre still kind of speaking on the same page putting emphasis on different parts of that. Where do you think that would go, if for example, you start with letting younger people return to work first . Tell you what, neil, that is a very interesting question because i think the press, the medical community are missing the president es intent here. What he is saying we have to solve this, got to move through that. He like many people are already planning for the other side of this thing. They are trying to take him at his word, when what he is trying to do inspire hope and we will lead. They are very different propositions. Moving forward through this i think well do that. I think markets will make that decision. I dont see that as a huge problem laying out. Neil i wonder how it will all fly. Say you dont have governors on board, dozen or so plus who instituted stay at home orders, how jackie, they would respond if the president says you can loosen up little bit. They all have to be on the same page and who wins . If youre in new jersey and new york, you have the stay at home initiatives youre not going to bow to the president or, do you have to . Well it is tough. I was listening to Governor Cuomo address everybody earlier and being in new york and being in the epicenter of this, one of his concerns, i mean he talked about his own mother. He talked about peoples brothers, sisters, their loved ones being exposed to this, having a problem with it, being vulnerable populations that could potentially be affected. I think certain communities are more hardhit than others. They will have a tougher time, saying okay, lets get everything back to normal and send people out there because of the risk that is involved here. Governor cuomo has always been stressing the need for more supplies. He has been stressing the need for more hospital beds since day one. That is the tough spot that the individuals in charge here are going to be in when they communicate with the president about what to do. Might have to be different in terms of what part of the country youre in. Neil you know, connell, you cant shake this, it is a blunt way to look at it, only way i know how, that you have to then judge, is it worth tanking a multitrillion dollar economy and the millions of jobs that could go with it as this drags on, for x number of deaths . That is what it comes down to. How many deaths can you risk to live with, to risk the American Economy . That is what were talking about here. Connell its crazy. The conversation was fairly nuanced i thought from Governor Cuomo today, trying to tackle the question in some way, why i as i mentioned earlier, if you make it an either or choice then americans will obviously choose health. That is the number one priority. He doesnt say it doesnt necessarily have to be either or and the time frame matters f we get through this time when the Hospital System is being most challenged, then we can get to the point where there is a more refined approach. We always used to say, neil, words matter talking about political figures. I would add i think tone matters a lot. That we learned that over last few weeks. The president at beginning of this, he pointed out rightfully so, fairly, he closed off borders to china, that helped out and Health Experts agree with him that early action was necessary but when the president in his tone was dismissively of the seriousness of the virus in the early days i would argue that tone probably mattered. The same thing last night when the president is in overly simplistic fashion talking about just getting back to work, this will happen quote, very, very soon, things like that, that is tone is very different than more nuanced tone, youre talking about lets tackle the Health Problems, lets get ventilators now. Lets talk about getting a certain portion of the population back to work while we protect the more vulnerable, doing it over time. You might be saying essentially the same thing, but the tone in which youre saying it is much different. Reaction of the general public to the tone might be much different which is really important. Neil all right. Thank you, guys, very much here. Were following this very closely. Just something the president threw out there. He wants to start the debate. The debate has started. Dow is better than 1600 points. Walmart on a tear and a recordsetting run at that this on the notion well get a big ol stimulus package here. 2 1 2 trillion dollars worth. There is a lot of there should not be there. Theyre agreeing to it first. Questions later. Well have more after this. Announcer wash your hands. Avoid sick people. And touching your face. There are everyday actions to help prevent the spread of respiratory diseases. Visit cdc. Gov covid19. Brought to you by the National Association of broadcasters and this station. Of broadcasters when i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. [ one morwoo merking in cb[ laughing ]]yo. Woo play pop music no way dude, play rock music yeah woah no matter what music you like, stream it now on pandora with xfinity. And dont forget to catch trolls world tour. Lets party people one more time. Neil all right, welcome back, everybody, im neil cavuto. Were following a big market rally with the dow better than 1600 points. Very busy news day. Were waiting on stimulus. We got confirmation of big ol delay in the Tokyo Olympics put off one year. Well talk to apollo ohno about that. Big medal winner over two olympics. His view on this, how athletes have to reposition and restrategize because they dont automatically make the 2021 team when it comes down to it. An athlete on this, knows what it is like to put everything on the line planning for a couple big olympics. He had a couple ones, memorable ones at that well talk to him about that. Were talking about airlines kind of conceding the inevitable. They might shut themselves down for a while to save some bucks, really to address the fact so many of them are not flying that many customers to begin with. Grady trimble here to break it all down. Grady . Reporter neil, there is no final decision at the moment b