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
President trump i will be invoking the defense production act in case we need it. It can do a lot of good things if we need it. Well have it all completed, signing it in just a little while of after im finished with this conference. Its prepared to go. Well be invoking the defense production act. Lou President Trump meeting with doctors and nurses at the white house. They committed to an increase in Safety Equipment including masks for healthcare workers. President trump american manufacturers are repurposing factories. One major manufacturer has doubled capacity and we asked Construction Companies to donate unused masks, and they have quite a few of them, the Construction Companies. Who would think that. But they will be donating unused masks. The Defense Department is making millions of masks available for healthcare workers. Lou healthcare workers across the country taking matters into their own hands at the headquarters of the Providence Health system. Workers convening in Conferen
Of gangs. Its been 26 years since apartheid ended and yet more than half of all South Africans still live in poverty thats around 13000000 people unemployment is rife over 50 percent of young South Africans a jobless with no prospects in sight some resorts to illegal activities south africa has one of the highest crime rates in the world Violent Crime in particular has increased steadily there over the past 10 years. The situation in cape town is especially troubling most tourists stick close to each of the small bay area below Table Mountain the majority of locals however live in the cape flaps. Were out on patrol with the county guying near. The special task force comets gun crime in the poorer districts of the cape flats on the outskirts of cape town going to the theater. Or the. Play all over. The team drive to a building thats home to the leader of the corner glorious a notorious coward. Heavily armed officers stormed the building and turn the entire apartment upside down. They fi
As people are out and about, Law Enforcement agencies trying the on figure out pen forcement when it comes to social distancing. In the south bay, leaders are expanding resources for the regions Homeless Population positive with covid19. Three weeks ago, this used to be the epicenter of shopping and now many stores and businesses are closed and boarded up. Not one but two storms for your week, hour by hour timeline is coming up. Abc7 news at 11 00, starts right now. Now, your health h, your, safety, this is abc7 news. If we have to go back, and you have been warned you will not get a second warning. Officers are now issues citations to people and businesses found violates Public Health orders. People running and walking and enjoying their friday evening at lake mary do not appear to be social distancing six feet apart. Earlier in the day, sky 7 captured people playing basketball. Park rangers practicing education enforcement at golden gate park. Later sky 7 captured small groups of pic
Not quite six feet as recommended, but more than there has been in the past. And we will wash our hands when were done. Thank you very much. I think theres going to be a very important conference, and i will get to that toward the middle, but i have a few things to report. I want to thank you all for being here and i have to say, i think with social distancing that the media has been much nicer. I dont know what it is, all of these empty these and between chairs. You probably should not have anyone sitting behind you, either, but i love it. It is so much nicer, but i should not say that because youll get me now. Thank you all for being here, and we continue our relentless effort to defeat the chinese virus. Before i begin, i want to start by announcing that today we are bringing home another american citizen. Its a big thing. Very big. Way back to the United States after being imprisoned in lebanon since september 2019. He is battling late stage cancer. He will now be able to receive t