We kick it off with blake and the latest from the mt. Reporter melissa and connell, President Trump has threatened to pull federal funding from schools should they not fully reopen in the coming weeks. The president would not go that far when he was asked about the situation out in los angeles and san diego, breaking news from this hour, when the president was asked about it moments ago over here at the white house. Los angeles, los angeles the nations second largest public school, there will be Remote Learning to start off the school year. This is part of the reaction from President Trump, watch. We have to open the schools. We have to get them open. I think there is a lot of politics going along. Think i they will do better if they keep the schools closed in the election. I dont think it will help them frankly. They feel that by keeping schools closed that that is a bd thing for the country. Therefore that is good thing for them. Reporter the white house for the most part has spent t
You. Lauren you know what . There is a lot going on today, wall street, bottom line, connell is reacting to the reality march is prequel for april and the numbers will get worse. Lets start this morning, retail sales last month, they plummeted the most on record even though stores were actually open in the first half of the month. The National Retail federation expecting more than six million jobs lost. Look at some reaction. Jcpenney now exploring bankruptcy. Best buy furloughing 51,000 workers even as online sales and Curbside Pickup surge there. Amazon up 1 , hitting another record high. This is a sign of the times. Shoppers continue to get what they need from the comfort of their couches. Also wanted to show you guys oil prices. They hit an 18year low. People around the world stay home. Theyre not driving. Oil inventories rising by the most ever last week. Take a look at this. March Industrial Production fell the most since 1946. Measure of factory activity in the epicenter of coro
Lauren simonetti watching markets for us. Edward lawrence with new reporting from washington. Same story for Hillary Vaughn on capitol hill today for us. Lauren, lets begin with you on the markets . Lauren i cant hear but i can tell you what happened in the markets today. A lot of whiplash. The market was fixing positive news with negative news. The big news today was the fed stimulus, right . Also the numbers from the coronavirus seem to be improving. So at the end of the did i we cannot say that the dow is up the best since 1938 but it was higher by 281 points. Check out the s p 500. It squeaks out its best Weekly Performance since 1974. What a week for the stock market. Despite the negative news, one in 10 American Workers has lost their job. We got those jobless claims this morning. Take a look at the airlines, guys, it has been a spectacular week for them. Names like american airlines, united up. Some of them double digits. Up all week. I have do have to tell you as you know the n
Lets kick it off with blake. On the eve of the impending vote in the house of representatives likely tomorrow night President Trump has just sent this fivepage scathing letter to the speaker of the house, nancy pelosi. The president saying he is doing so to put the words on paper, quote, for the purpose of history. The president writing at one point, saying, of democrats, quote, you are the ones interfering in americas elections. You are the ones subverting americas democracy. You are the ones obstructing justice. He also writes of pelosi saying quote, even worse than offending the Founding Fathers you are offending americans of faith by continually saying i pray for the president when you know this statement is not true unless it is meant in a negative sense. Its a terrible thing you are doing but you will have to live with it, not i. That the president to the speak of the house. Speaking of the president , earlier today, here in the oval office he hosted his counterpart from guatemal
And jeff bezos escalating, why amazon is accusing the president of applying improper pressure on the company. And disneys new milestone the company is making history even without counting the numbers from the upcoming Star Wars Film plus fighting for your leg room. How lawmakers are working to hold the airlines accountable for packing americans into smaller and smaller seat sizes on planes. Melissa ill believe that when i see it fox Business Team coverage Edward Lawrence is live in washington, christina partsinevelos is on the floor of the new york stock exchange, lets start with edward. Melissa multiple sources say that mexico has come back to the table and agreed to changes that have been made to u. S. Mca. There is a deal here the language being finalized that was sent to democrats on capitol hill. The focus shifts now to House Speaker nancy pelosi, a senior democratic aid tells me that they are studying the proposal or theres no agreement to announce as of right now, our own Maria