Georgias kelly love letter will be one of our guests. All that and more on making money. Deirdre the white house is asking congress for more than 800 billion. Were going to take you right there. Hillary vaughn is standing by. Hillary, any new details . Reporter deirdre, yes, specifically about the 850 billion. Were learning that part of that, 58 billion, could be allocated to just the Airline Industry alone. That is according to John Roberts Fox news is reporting but i also asked secretary Steve Mnuchin today if theyre looking for providing economic assistance to any other industries that could be impacted, particularly the Restaurant Industry . He tells me that is on the table for larger Relief Program for small, mediumsized businesses including franchisees. Secretary ma. Looking to send checks to americans immediately. What we heard from hardworking americans, Many Companies shut down, whether bars or restaurants, americans need cash now and the president wants to get cash now. I mean now, in the next two weeks. Were giving relief to affected industries and Small Businesses. Were insuring that we emerge from this challenge with the prosperous and growing economy because that is what is going to happen. It is going to pop. Reporter President Trump says he thinks the economy will bounce back once this virus is eradicated. He urges everyone to work at home including following new guidelines they issued yesterday. The white house is preparing for the worst. White house says the department of defense is working with states who want field hospitals ready to go. The army corps of engineers are looking to renovating existing buildings for hospitals. They started purchasing vast amounts of ventilators. The president doesnt expect there to be a shortage of drugs coming from china. Inasked the president if he thinks the economic drag from this virus could impact the chinau. S. Trade relationship. How this impact on chinas economy as well. Have you seen indication from officials there they will have trouble meeting the purchase agreements, part of the phase one deal, particularly agricultural buys . They need our products very badly. I havent seen any. Good relationship with china. I have not receiving anything to that. No, we have a signed agreement. They will be buying. They have been buying a lot of product. Reporter secretary mnuchin will allow families and Small Businesses to defer tax payments up to 90 days. He plans on keeping the stock market open even though there is a lot of volatility. He wants everyone to have access to investments and their cash. Deirdre thank you so much. Hillary vaughn there at the white house. Economic advisor to President Trump, chief economist at the Heritage Foundation steve moore with us now. Steve, thanks for the time. What is your take on this amount . We heard President Trump say, he really wanted to go big. He didnt want to keep going asking for money piecemeal. Is that the right strategy . Look, i think at this point, deirdre, you have got to go big. You go big or go home as the saying is and i think, you know that we shouldnt share expenses right now in terms of getting relief to people but also to try to get the economy back on its feet to the most, fullest extent we can, given the fact we have some people quarantined and people staying home. I really do like the idea of the payroll tax cut. It is suspending the payroll tax. That will help every business in america and it will help every worker in america. The thousand dollar, the new, kind of idea on the plate is this 1000dollar check that is going to be sent out to people. By the way, deirdre, do you know if that is 1000 per worker, per household, per person . Deirdre i think it is still being evaluated. What you heard, treasury secretary says if theyre making Million Dollars theyre not getting this. There will be a income cap. My only point, divide the policies you do for compassionate, humanitarian reasons, to get money to people that need it, they dont go hungry, have basic necessities as we go through this, that isnt stimulus for the economy. It doesnt help the economy t does help people in need. I think you need to focus on what do we do over the next six, eight weeks, to, you know, keep as many people on the job as possible, keep as many businesses open. Then also what do you do, once this is over to make sure we have a real fast springback on the economy . I like ideas of payroll tax. Think about this, deirdre. We have 150, 60 Million People pay the payroll tax right now. Youre giving relief to everyone of them. On employer side we have 26 million Small Businesses in the United States. Everyone will get 7 reduction in the payroll tax costs. So this will help all businesses. What i dont like, deirdre, i think the white house may get into a little bit of a problem here, when you start giving industries bailouts as theyre talking about for the Airline Industry. As hillary was just mentioning, where do you draw the line, deirdre . Which businesses deserve federal aid and which dont . Because right now 75 of businesses are negatively affected by this. Deirdre they are indeed. We did hear, i think it was treasury secretary Steve Mnuchin saying that what is going on with the airlines is actually worse than in his view, than what happened after 9 11. So it does imply heavily this is certainly one industry that is going to receive it is, hillary, what about restaurants . What about movie theaters . What about the oil and gas industry . Industries across the board are negatively affected. I would say two things about this, one if you give aid to say the Airline Industry, it should be a loan. It should not be a grant of money. It should be a loan that these Industries Pay back. Deirdre unlike what we saw with the bail out of the big three Auto Companies . Right. Deirdre i like that. Youre thinking about bounceback already, steve. Im optimist. We will bounce back but it is really critical with policies in place. What is the saying, once the curve we bent it down, so you dont see increase in number of cases. When you have a decline the economy will bounce back. You have to make sure you have policies in place that insure a rapid recovery. Deirdre no. I like the way you think. Keep it small, keep it nimble, keep it focused. Whatever is put in place can be easily, incrementally taken out, there is not a shock as well in the transition. What do you think about the idea americans deferring a Million Dollars if needed to the irs . Normally this time of year were think about tax time in the Business World . I really like that idea. Obviously right now is not a time you want people having to write checks to the irs, right . Everybody is financially hardpressed. I was talking to my wife last night, my god, we lost so much money over last few weeks. Everybody is feeling financial stress. Things we were planning on spending money on vacations we may not be able to do this year. The more family want to do right now is write a big check to the irs. Putting off tax day from april 15 to maybe june or september makes a lot of sense. Deirdre makes a lot of sense. Steve, what is the number one economic, i didnt even request but the feds measures to essentially Keep Companies comfortable with asking for money if they need it, pro or con on that . He so i like the idea i think the fed in the last week or two acted in appropriate manner. Right now what you want to do, this is critical, deirdre, you have millions of businesses that were healthy, at least they were healthy a month ago, they were making money, meeting payroll, so on, making a profit, now, boom, a lot of these businesses literally have no customers coming in the door for six or eight weeks. Those businesses will be cash starved, and revenue starved. What you want to do open up the discount window at treasury or federal reserve, so they get a sixmonth loan at maybe 1 interest so at the dont have to lay off people. So they have cash. They dont have to sell off assets. Of course once, again once the crisis is averted, a year from now they pay the money back to the treasury. Because you dont want bankruptcies right now. You want to limit the number of lay offs as well. Deirdre steve moore, appreciate it. Stay well. Sure thing. Macys announcing moments ago temporarily Closing Stores nationwide in response to the coronavirus of the company will provide benefits and compensation to its workforce which is clearly going to be affected. Stocks, you can see, just off session highs, President Trump and treasury secretary Steve Mnuchin laying out plans for what the federal government is doing to help americans during this outbreak. Markets certainly making a comeback after yesterdays losses. The worst since 1987. With me now, bell point chief market stratdifferent, david nelson, jack ablin. With more where we go from here. Jack i want to start with you. Are people asking you what do i do with my money right now . Of course, people want to know, is there Equity Holdings safe. Others who have cash want to know, is now the time to get into the market . And i think that, you know, it is difficult to answer, i would say much easier to say i think if you were to take a step into the market now, look a year or so later you will likely be rewarded. A lot of studies i looked in the past, suggest, for example, every time the vix goes above 50, you invest, look one year later, now in every case. Only 16 weeks when that happened. But, give money in every case. I think we have to keep in mind, there is a lot of forced selling going on. So that investors watching these red arrows, and negative signs, shouldnt necessarily infer, these are smart people trying to get out of the way, expecting things to get worse, i think a lot of this is forced selling, programmatic trading, margin loans, even put sellers just forced to cash in. Deirdre so, let me take what you said, jack. Give a question to you, david, on this idea, do you think it is worth putting new money in the stock markets until or unless we see this plateau number with the coronavirus cases, meaning, it feels like it is going to be volatile until we are convinced this number is at least evening out . Is that true or false in your view, david . You could do that. But of course, stocks will be infinitely higher when that deirdre buy now . Stocks will sniff out, stocks will sniff out the good news long before you or i will. Dont gamble with your money right now. Dont buy every Single Company that is 60 or 70 . Some of these companies will frankly fail. Some companies in the oil patch that will fail. There will be some retailers that will fail. You should have a gameplan in place, tooing to stick to it. You might beat yourself you didnt get out of the market two weeks ago. I certainly am. The time for wholesale selling is likely passed. Unless you have rules based approach to navy gait the market, to decrease your exposure, as tough as that may be, there is light at the end of this tunnel. We will get beyond this to some point and to jacks point a year from now, likely stocks will be higher than they are today. Does that mean they cant go lower tomorrow . Today is a pretty good feelgood day right now. Stocks could wake up in the morning and see some more, excuse me, some more forced selling. Deirdre jack what do you like at these prices . David, coming back to you with the same question. Jack up first. Sure. So, equities in general are pretty good. Keep in mind, as we are goalsbased investors, we wouldnt buy one ounce of equity, unless we had a sevenyear time horizon. Midcap or small cap, i think first percentile, only 99 of the time the market has been more expensive than it is today, relative to those markets. On the large caps, it certainly below median. Were trading at 14 times forward pe. How low could we potentially go . At the bottom of the financieral crisis we got to 11 1 2 times forward pe that would suggest maybe another five to 10 decline from here. But that would be a complete washout. So, i do think that now is a good time to enter the market especially with those investors with an adequate time horizon. Deirdre okay. We appreciate that. David, your view . Yeah. I would buy stocks that have a secular background, some kind of a secular tailwind. Some companies i said earlier probably arent going to make it through this, apple, disney, microsoft, amazon, those companies have strong secular tailwind, they will be with us 3, 4, five, 25 years from now. Focus there. Deirdre thank you both, appreciate it. Jack, david. Keep well. Amazon going to be hiring 100,000 people to meet the influx of orders be as people stay home. The Online Retail giant paying, raising pay that is, by 2 an hour through april. Susan li with more from the newsroom. Susan what else is amazon doing . Susan the trend is to shop online but what of bricks and mortars suffering through middle of this . Macys you Just Announced temporarily closing their doors. Adidas announced closing doors temporarily in europe and north america, until they say march 29th is the date. Apple reported yesterday. Apple revoking march 27th reopening date. They say it is indefinite until the coronavirus has been contained. Nikes of the world and lululemons, alta says they will be shutting doors as well. That is the makeup brand we talk about. Tapestry owns stuart weitzman, coach, kate spade saying theyre closing their doors. Instead of shopping bricks and mortars and the storefronts, people are staying home quarantined, and theyre shopping online. Amazon is reporting higher demand, to meet demand they need to hire 100,000 full time, part time employees, pay them two dollars more than the 15 an hour they pay the employees. They will be they say prioritizing essentials, especially in the coronavirus spread. The essentials being medical supplies. Sending a statement to us here at fox news today, amazon saying yes, we are doing this. They have pretty much confirmed this, temporarily prioritizing household staples, medical supplies, high demand products into the fulfillment centers, to restock and replenish for customers. That is right thing to do, in need of clorox wipes, medical supplies, water and food, right . Deirdre indeed, susan, those are top items i know a lot of people are ordering. Susan li, thank you so much. From the newsroom. President trump said earlier he thinks the economy will roar back. This is a shift in tone from his comments yesterday when he acknowledged that the pandemic may send the u. S. Economy into a recession. So yesterday he spoke about an august timeline and coincidentally when most voters tend to make up their mind about who they will vote for in the president ial election. Joining me now to discuss this political angle, Young Americans for liberty analyst kristin tate. Great to see you, kristen. Thanks for the time. Thank you, deirdre. Thanks for having me. Deirdre what do you make of the coronaviruss effect on elections . Weve seen a big change in ohio. A delay on voting. Changing a lot of timelines. What do you think this means for the National Contest . I mean the viruss impact on the election will ultimately decide on how bad things get between now and then and how drastically this pandemic impacts our economy. Were in an economic slowdown right now. If we enter a severe recession that is lshaped and people are getting laid off going into the summer, those people who are being affected may not be slam dunk voters for donald trump. However, if we see a nice ushaped recovery like were all hoping for, then this might not end up being so bad for donald trump. Remember, deirdre, people have very short memories when it comes to politics. There is a lot of time between now and november. So donald trump has got to get out ahead of this. Take proactive steps to soup up the economy. Right now looks like he is doing just that. Deirdre seems like theyre taking charge. Theyre asking for money. What do you make of that request for 850 billion from congress . We heard him say, we dont want to do this piecemeal. Want to go once. Dont want a waste a lot of time, a lot of meetings t was strong, it was decisive what is your take. He is showing real leadership. Of course im concerned about more Government Spending at a time were 23 trillion in debt but unfortunately this is what the circumstances call for right now. We need leadership. Most u. S. President s do deal with at least one major crisis while theyre in office. The way that they deal with these hardships determines whether their Approval Ratings sink or whether they catapult the popularity. The way that donald trump handled this coronavirus will determine if he is remembered like jimmy carter was after the Energy Crisis or like george bush was after 9 11, when his Approval Rating soared to 90 . Deirdre yeah. So i like the direction things are heading in. Donald trump is showing that he is in charge. People need to remain calm, and we will get through this. Deirdre indeed. On that note, kristin, what acts of goodwill are you personally seeing . Well, im up here in New Hampshire with my family. We are selfquarantining but my stepmother actually owns a number of restaurants in boston. She has been told that she cannot open her businesses but she is still paying all of her employees and i know there are many other Business Owners doing the same. People are looking out for each other. It is in these times of hardship that americans come together and i see a lot of people doing just that. Deirdre off then the Silver Lining you get to remember how generous people can be. Kristen, thank you so much. Be well. Thank you,