Three months, yesterday. So well sort through it all and some detail with fox Business Team coverage set up for you blake burman at the white house, he has news on the president. First throw to Lauren Simonetti on these markets. Lauren it was a weird day. It was certainly a volatile session, so the morning you had an 800 point rebound after yesterdays 1,800 point selloff we saw it evaporate by the afternoon and then come back again so late morning the Federal Reserve said its worried about a slow return to normal and permanent job loss and you can see when the market came down and then in the afternoon the cdc said a spike in new Coronavirus Infections may require prevention efforts like the ones we saw in march, so very volatile and what that volatility did was it pushed the vix, the fear index at one point above 43. At the bell this is the gains that we saw the Dow Jones Industrial average closing higher by 477 points the nasdac up 96, s p up 39 for the week, not so good all three ma
Government just cuts you a check . Soledad im soledad obrien. Welcome to matter of fact. With lockdowns loosened across the country, were watching a balancing act play out in real time. How do you get people back to work, and how do you keep people healthy in the middle of a Global Pandemic . Michigan has had more than 4600 covid19 deaths, the fourth highest death toll in the country, behind new york and new jersey and massachusetts. Detroit has been the hardest hit city in the state, but they are now seeing a small decline in cases. Michigans democratic Governor Gretchen Whitmer has allowed some industries, like construction, manufacturing, and real estate, to reopen this month. Jessica gomez takes us to thebad crisis. Youre good to go, sir. Jessica new safety procedures in place at ford as automakers plan to start phasing in production on monday. Lane one jessica a different kind of Assembly Line at the detroit fairgrounds. Health care providers, testing for the coronavirus. What we
10,000 dead from covid19. As officials warn the country, there will be long and hard days and nights ahead. The brunt of which will be shouldered by our health care workers. And to do the job they need the right tools. For many that means ventilators. Machines that are saving lives. And yet for some hospitals are in dangerously short supply. Here he comes. Reporter for david lat, watching his 2yearold boy play is a blessing he nearly lost. One of the things you just take for granted until you have Something Like this. Reporter a Second Chance of sorts for the 44yearold attorney. After covid19 left him on a ventilator for six days, his life teetering on the brink of death, hes now reemerging. Our president has called this a war, and so as one of the people to fall early in that war and get back up, as they say in the military, welcome home. Hey, thank you. Its good to be back. Reporter a return he says that he owes to the machine that helped him breathe when he couldnt. A ventilator. I
If you are recently unemployed, 202 7488002. We begin with the numbers, courtesy of Johns Hopkins university. 1. 9 million confirmed cases. The death toll around the globe, 125,000. In the u. S. , 600,000 confirmed cases. The death toll has now exceeded 25,000. This is a piece from the wall street journal that is focused on the pandemic. The headline is, Coronavirus Crisis legacy mountains of debt. He writes the following. The full impact of the coronavirus pandemic may take years to play out. One outcome is already clear. , andnment, business households will be loaded with mountains of Additional Debt. The federal government budget deficit will reach 3. 6 trillion in this fiscal year. 2. 4 trillion the year after that. Businesses are drawing down Bank Credit Lines. Preliminary signs are emerging that some households are turning to credit for funds. The debt surge is set to shape how governments and the private sector function long after this virus is tamed. He joins us from his home i
Economy. Thats where well begin this morning. First things first with money correspondent jill schlesinger. And then at a time when all of us are using the internet, we ask our david pogue if the internet can handle all of us logging on at the same time. Thats our cover story. Reporter as more and more americans do their work and take their classes at home, over video, more of them are having problems with the internet. It is almost as though it were buffering, and i hear every third or fourth word, then it would freeze completely, and that would be it. There are a lot of signs that traffic is increasing pretty dramatically, especially during working hours. Reporter as we move our entire lives online, can the internet hold up . Ahead on sunday morning. Pauley and then it is on to the toll all of this is taking on our emotional health. Susan spencer is on the case. The stress, the anxiety, the emotions that are provoked by this crisis are truly significant. As new York Governor Andrew C