We have fox Business Team coverage. Phil flynn is at the cme. Edward lawrence is on capitol hill, blake burman is live at the white house but first, lets go to Kristina Partsinevelos on the floor of the new york stock exchange. Do we have kristina . Kristina Circuit Breaker halted all markets for 15 minutes. The new york fed came out injecting 1. 5 trillion today and tomorrow in the repurchasing market. A lot of movement. Yet we still finished the day down, almost 10 lower at the dow, 2321 points. S p almost 10 as well. 9. 5 lower. Same thing for the nasdaq. Complete negative territory. You guys talked about it, this is a historical day, the biggest drop since the crash in 1987. I was only two years old at that point. Look at dow losers for the day. The dow has been down the entire day. Boeing, boeing taking a major beating. The stock was halted earlier today. Walt disney on there, ibm, american express. I want to switch over to travel stocks weve been paying attention to today, more specifically the cruise lines. We know a lot of people have been warned not to take cruises. Now carnival has announced that they are voluntarily telling princess, stopping all their Princess Cruises for next 60 days or so. The stocks are down 31 today. And then lastly, airlines. You have got airlines tumbling dramatically. United plunging more than 24 . This is on the news that the president asked no flights from the, certain areas from the eu, vast majority of the e. U. For that matter except for the uk, entering United States starting tomorrow. That caused all airlines to sell off dramatically. Ceos and executives the airlines said they are willing to take pay cuts. They announced that. Big day here on the Trading Floor. Back to you guys. Melisssa kristina, thank you. Lets bring in todays market panel. Gary b. Smith, kadena group, paul after sanao, what a day for you guys to join us. It is historic. Paul what do you think. The biggest thing driving it, is the unknown. There is so much uncertainty out there i think investor and the general public weve never seen anything like this. I lived through the dotcom bubble. I lived through the financial crisis. This feels very different. This also hits very close to home. Im staying on top of developments on daily, if not hourly basis. Last night when the nba first started to cancel its season and tom hanks put his announcement out there, it really hit close to home. Melisssa yeah. Gary almost seems like only thing that will turn this around in a economic sense for the numbers in terms of the Health Crisis to start moving in the other direction. To have fewer cases instead of more. You know, to see the death rate drop. And the more doctor cronian the measures are draconian measures are to get to a place to handle this around the world, that is probably the only thing that will get us there, what do you think . Totally agree. I was kind of surprised, maybe i wasnt, but sadly surprised that the answer seems to be the fed injecting money into it. It is kind of like, i have a sick child and i go up and say, i will increase your allowance. That is not going to help. I wish this administration would say look, this is, whether it is justified or not, because now i still think it is more fear than anything else, but we have to treat this like the manhattan project. I gathered my sharpest mind, my biggest entrepreneurs. I have elon musk, i have jeff bezos, i have bill gates. Well head up task force to get a, the testing kits out so everyone is tested. And b, well get a vaccine, not in a year or two but short of time as possible. And c, i think youre right about exactly what china did. When we first saw it, we thought, my gosh theyre closing an a city bigger than new york. Thats silly. We probably need to do that. Melisssa i just want to inject here, the global virus hunter we had on the show who was in wuhan at the beginning is coming up later in the show. There are some signs of hope in terms of therapeutics. So there are people out there. Well bring you some news during this show. So you know, stay tuned. But i know what youre saying but people are really working very hard on that. Connell, go ahead. Connell connell weve seen a lot of action on the state and local level in terms of response. Maybe learning lessons from other places like hardhit italy where were going right now. It is dealing with a situation certainly the government officials and you know, probably the companies here as well in the u. S. Are working to avoid as best we can. Lenore hawkins, tematica research, joins us from lake como. She is, continues to be in italy. I talked to her the other day and watching the market, i want to ask you about the situation on the ground there again. Watching the market react here as it is today, seems like people in the United States are coming to a new realization. Your perspective watching it over there going through what youve already been through . One of the tough things here for me, up until even a week 1 2 ago, people were acting like, it wasnt any big deal. We were all talking about it. You would hear it being chatted about but nobody was really taking action. Today i live in a country where when i walk outside to go to get some food i get stopped by the police because theyre making sure no one is moving about. The only people out there are the police and the army. Everything is closed. Every hotel is empty. Every restaurant is shut down. Every shop is closed. Everything has come to a stop. Connell they got to that point, lenore, as you say later than most experts say they should have, they being the italian government. There was obviously precious time lost there. What, the Health Care System is what the experts keep telling us is the most at risk. People say, well, you know, im not at risk because im not in one of the highrisk groups. If a Health Care System in a particular country cant handle the volume, all of sudden you do see the mortality rate start to go up. You have some experience of it, at least talking to people what is going on in the hospitals in italy. What can you tell us . Yes. That is the exactly the problem. It isnt the case i am at risk or colleagues are at risk, the problem is i can infect somebody whose body cant stand it. Doctors are faced every day with making decision who they will try to save and who to let die. There are not enough beds and not enough ventilators. Basically every other country around here, i were concluding the United States is potentially in the same boat because this thing is so contagious. It does have fairly high percent will need hospitalization. No one has that many beds. Connell right, they get overwhelmed. The rate of people who are very, very i can or unfortunately people who die, that rate goes up. Lenore, all the best to you and everybody in italy. Melisssa really scary. The race to contain the pandemic. President trump meeting with the irish Prime Minister at the white house after announcing a 30day travel ban on most european countries. Fox businesss blake burman is live at the white house. Blake . Reporter melissa, earlier at the meeting at the white house President Trump defended his decision to essentially shut down all foreign travel from europe into the United States. The president said the coronavirus is spreading too rapidly and too widely in europe. The president saying first and foremost this is a Public Health matter. Goes well beyond whatever might occur in the stock market. I dont want people dying. That is why i made these decisions. Whether it affects the stock market or not very important but it is not important compared to life and death. So i had to make that decision and, frankly the people that are professionals praised the decision and it is something i had to do. Reporter at several points today as well the president also talked up social distancing. The president himself will not be flying for stops to las vegas and colorado over the next two days. His campaign today, also, his campaign, rather, also postponed an event for next week. The president saying this morning that he agrees with the decisions for example, that the sports leagues have been making. Keep a little bit of distance away. That is why the sporting events are a little bit tough because you have people sitting in small seats right next to each other. It is a little bit tough. What happened with the nba is pretty incredible but you look over in europe and you see their big soccer matches were canceled. It is pretty amazing. Reporter now an economic stimulus package, a relief package in the house with members of the Trump Administration still being debated, still being negotiated probably a better term at this hour. The president said earlier today as it stands now he cannot support what the house, House Democrats have put forward. The president also made it appear as if a payroll tax cut, something that he wants might not be a part of an immediate solution that might be put forth up on capitol hill. Melisssa one of the problems it would take money to get too long to people when you look at the bill put forward. Im sure they will work it out. Blake, thank you. Connell capitol hill, what the latest is, Speaker Nancy Pelosi says the house, quote is ready to move on a Coronavirus Relief package and Edward Lawrence is following with all of that, and joins us from the very latest. Reporter source on the house ways and Means Committee says there are still some issues to work out but they are planning toehold a vote on the stimulus package later on tonight. House Speaker Nancy Pelosi and treasury secretary Steve Mnuchin had their fourth phone call back and forth to work on language of this agreement. On senate side, senators going home right now for their recess. We have videos of senator Chuck Schumer leaving Capitol Grounds here. They are coming back on monday if there is something to talk about. Hopefully if the white house and the house are largely in agreement, we can either work out the differences or not. And if theyre completely if agreement, my guess is well deal with that bill pretty early next week. But in any case well deal with it quickly and stay focused on the coronavirus challenge. Reporter the House Speaker says she wants to make sure families get paid sick leave. She wants to expand unemployment benefits. She also wants to make sure coronavirus tests are free for insured and uninsured. Now to do that, she says her bill should be passed today. Were addressing realities of life, of family life in america, putting families first. Were not planning a schedule or anything else until we get that, until we get that done. Reporter pelosi says her bill would add stimulus. Republicans i talked with say it would add bigger government and not kind of stimulus the president is looking for. One more note on coronavirus, it has hit here at capitol hill. Senator Maria Cantwells office had one employee test positive. The rest of the staff under quarantine. Senator rick scott under selfquarantine. He was told he came in contact with somebody who had coronavirus. The capitol closed for tours from the public until april 1st. Connell dont see many around Edward Lawrence. Theyre squabbleing here. What you do think is a better solution . We have to focus on hourly workers, small businesses, what are your thoughts . I think better solution, people are going to be laid off. People are not cruise workers, for example, people that work inside of the Verizon Center in washington are going to be without paychecks. Those are people because of this, i think you have to help. The liquidity, im not sure as we talked about, is going, is going to help to be honest with you. People are not going to trade, people will not invest, people will not take out loans if money is even cheaper out there. Money is cheap now. I think it should be targeted. Im not a big person on government, you know, throwing out money from a helicopter but i guess that would be the way i would go. Melisssa right. But, paul, isnt more you dont want the system to seize . The loans on small and mediumsized businesses but, are credit markets suffering . What are your thoughts. Currently not as much but were not that far along into this. We dont know what were dealing with here. We dont know ultimately what the impact will be. But what we do know it is global. We know that it requires a global, coordinated response. Something of shock and awe, that quite honestly only the really, the governments of the world can bring. And i they, you know what could be the harm in overreacting . Worst case scenario, there is too much planned stimulus down the road you can always pull it back. But i think lacking a global, coordinated effort what i call shock and awe, you know, we just dont know what were dealing with here. Melisssa no. I think that is really good way to put it. Guys, thank you. Connell lets head out to chicago. Oil sliding again today. It settled in the floor session down about 4 . Go back to the floor session in a moment because the cme will close the Trading Floor tomorrow. Phil flynn is always there for us. We look at afterhours trade, i guess thats it, right, this week . It is. That bell we just heard a few seconds ago is maybe the last bell we see. 4 hours from now it will ring again maybe last time for some time. Cme group is saying they dont know when they reopen pits after tomorrows close. It will be up to medical professionals a lot of traders worry it may be extended period of time and it could lead to layoffs. Adds to what is going on in the markets. Look at oil. Look at gold. It is headline to headline. The bad headlines keep coming. Challenger, gray christmas, 633 job losses so far from coronavirus. You know that number is going to get bad. Look at oil getting a big hit. More demand destruction concerns. That is where were at. Connell great job this week, phil flynn. Melisssa we have fox business alert for you right now. Mayor bill de blasio is currently holding a News Conference just declaring a state of emergency for new york city. New york state joining the growing list of states banning large gatherings of people, forcing immediate suspension of all broadway shows gore at least a month. This coming after a passenger on a jetblue flight from new york city to palm beach florida tested positive for the virus with more than 100 people on board. The National Guard deploying to a town just north of new york city. It is being called the nations first virus containment zone. We are live in that town, new rochelle, home to the largest cluster of virus cases in the u. S. It all starts with an invitation. To feel exhilaration. The invitation to lexus sales event now through march 31st. Get 0. 9 apr for 60 months on all 2020 models. Experience amazing at your lexus dealer. From anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. How you watch it does too. Wtv just keeps getting better. This is xfinity x1. Featuring the Emmy Awardwinning voice remote. Streaming Services Without changing passwords and input. Live sports with realtime stats and scores. Access to the most 4k content. And your movies and shows to go. The best tv experience is the best tv value. Xfinity x1. Simple. Easy. Awesome. Xfinity. The future of awesome. Some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Connell high alert for those who travel to and from new york. There was a passenger on a flight from jfk airport that tested positive for the coronavirus after landing in palm beach, florida. Jackie deangelis is live for us at the airport and has the latest on this developing story. Jackie . Reporter good afternoon, to you, connell. The Million Dollar question did this passenger know that he had the coronavirus before he got on the airplane . There are reports surfacing he just received the call he tested positive before he boarded the jetblue flight to florida. Now that is one of the biggest issues were talking about here today, personal responsibility. You shouldnt get on that plane if you have that information. In this case it appears gentleman did. He was not feeling well on the plane. Other passengers became alarmed. Crewmembers were alerted. We reached out to jetblue. This is the statement. In last nights case crewmembers did a incredible job coordinating with the Health Authorities a allowing customers to desi am bark. We conducted a thorough sanitizing aircraft according to cdc requirements. And we sanitized all airport areas involved. This is issue after President Trump said there would be a travel restriction a ban from passengers coming in from the eu that will go into effect at midnight on friday night. What you had here today people still coming through. I was checking the board on those flights all day. You had people leaving as well. Leaving hoping to come back . Youre doing so at your own risk. You will not be able to return if youre going to the eu for at least 30 days. There is one other twist to the plot that the conversation surrounding here. Because the uk has been exempt from this, will travelers in those infected areas try to go to the uk, oust that as Passage Point to then try to fly to the United States . Well have to watch this very closely, guys. Connell that is what people are thinking. Jackie deangelis live at the airport for us.