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Only hear from the voters, we also have Ohio Republican senator rob portman coming up. This is a big show, stay with us throughout the entire hour. We start the with fox Business Team coverage. Blake burman at the white house. Well get to black in a moment. We begin this afternoon with Lauren Simonetti on the markets. Lauren. Lauren today, guys, wall street took a little bit of a breather with the first down day in four days. Three main concerns here, mainly stimulus, the whole question mark when well get more of it. But also a rise in coronavirus cases in new york which was once the epicenter of the virus, raising fears of another lockdown. Yes, two lesser extent, investors waiting to see whats going to happen. Who will emerge the winner if there is it one after the president ial showdown tonight. This is how we finis ....
Job. Thats a big if, frankly the fed should be cutting. I would say they should say at a minimum 100 basis points. Over a period of time. Not at one time but over a period of time well, im not talking about doing anything at this moment, but indexing is something that a lot of people have liked for a long time. And its something that would be very easy to do. A lot of people have been talking about indexing for many years. And its something that i am certainly thinking about i can say a majority of people they like indexing its something im thinking about. Payroll taxes ive been thinking about payroll taxes for a long time whether or not we do it now or not is its not being done because of recession were legitimately, if we had a cut in Interest Rates by the fed, if they would do their job properly and do a meaningful cut, because they raised toovz, you would see growth like youve never seen in this country if you go from the elec ....
Coming the new bellwethers it could be argued that ge has not been a bellwether for a very long time. Meantime tesla shares also under pressure today over under certainty around whether the electric vehicle maker will be opening a new factory in china were going to separate fact from fiction on this one. And after the bell, soon youll be able to order takeout directly from the amazon app the head of amazon payments will be joining us exculusively to talk about the ecommerce giants latest announcement. Everybodys getting into the Payment System business right now apple pay, amazon pay. International, too. Alibaba pay, ali pay. Absolutely. Lets get to the top story out of washington. That would be tax reform and a major change being floated by republican lawmakers that could have a huge impact on your Retirement Savings cnbcs ylan mui is in washington with that story. Ylan ....
It is like donald trump has to see in order to firmly clinched the republican nomination. Close is not good enough. You have to have those numbers. So what happens now as the candidates crisscrossed the country on tuesday. We will get to that. First you Connell Mcshane with the stop Trump Movement that seems to be moving on all sides. Reporter coming out from the left in the right, we know about conservatives in the uppers they put together this week to stop donald trump. Weve been reporting on it, but now look from our global groups to be getting the same. We saw what happened in chicago not so long ago, that there is a United Campaign coming together of a number of liberal groups putting plants together to go after trump, leading up to the convention in cleveland this summer and including the convention. The wall str ....
Next to me has the siding ripped off, the chimney tossed on the lawn here and as you make your way across the street, weve seen so many homes just like this that had their roofs completely torn off. And i want you to take a look at some video that had the hardest hit areas. The city leaders are calling it a catastrophe. 450 homes damages, 100 homes considered a total loss but nobody in this neighborhood was killed. Thank god is all you can say. Theres no other way to put it. Its the grace of god. I dont care who you are, what you believe, what faith you believe, its the grace of god. Residents also giving a lot of credit to the sirens in the area as this tornado ripped through this area with winds of 170 and 180 miles per hour. Now, like i mentioned, no fatalities here but in nearby garland, eight People Killed when their cars were tossed off of an overpass in this tornado. One woman was a mother of four and she was on the phone wi ....