On slowing the spread of the virus. New cases of it on the decline in major hot spots including new york. Dr. Tony fauci saying the death toll in the u. S. Could be 60,000 versus earlier estimates of 240 people dying. Donald trumps Approval Rating hit alltime high for him amid coronavirus pandemic and also showing an overwhelming majority of americans are concerned about a recession. The virtual opec plus meeting which included saudi arabia and russia ending in a tentative agreement to temporarily cut production by about 10 millionbarrels per day. But mexico could derail the plan. Oil declining near the trading session over concerns about the Production Cuts that they wouldnt be deep enough. U. S. Markets are closed today in observance of good friday but yesterday u. S. Stocks rallied, dow, nasdaq, s p all up more than 10 for the week. S p having the best week since 1974. In asia overnight markets were mixed, you can take hang seng and hong kong closed for good friday. European markets meantime also closed in observance of a holiday. Major storms impacting the holiday weekend. Severe weather leaving to Power Outages, more storms expected through easter weekend. Live update from you got it, mornings with maria is live right now. Dagen new york coronavirus cases topping every country outside of the u. S. Cheryl casone has the details. Cheryl 162,000 cases of coronavirus in new york, more than 10,000 more cases than the next closest country spain, but theres hope. New york has hit or at least near the peak thank to social distancing and drop in hospitalizations, thats according to Health Experts like dr. Anthony fauci. In fact, nationally more than 26,000 patients have now recovered from the virus and the white house is urging men to get tested if they are experiencing coronavirus symptoms. White house Coronavirus Response coordinator dr. Deborah birx says that most americans tested are women but when men are tested, a higher percentage of those, the men are coming back positive for the virus. Meanwhile officials are debating when and how the economy can safely reopen. The president s top economic adviser say they hope it can happen in next 4 to 8 weeks. Vice president mike pence says they must see major advancements before doing so. Well, british Prime Minister johnson is out of intensive care. Under close observation. Johnson was taking to hospital sunday, 10 days after he tested positive for covid19. He went into the icu on monday and the Prime Minister remains in good spirit. Mexico is standing in a record deal to cut Oil Production, agreement between opec will reduce output by 10 millionbarrels a day followed by 8 millionbarrels of day through tend of the year. So this proposed deal reached after 9 hours after talks via video yesterday. All prices plunging more than 60 this year so far. Well, strong storms with attack of destruction in parts of indiana and arkansas, dozens of homes were damaged. National weather confirmed a tornado hit central indiana. Two tornadoes in northeast part of arkansas, a few people were injured there. Millions of people in the south are bracing for a dangerous easter weekend storm and thats going to be something janice will talk about. Dagen cheryl, thank you so much. We will see you shortly. Markets getting a boost thanks to Federal Reserve. Central bank announcing 2. 3 trillion in monetary stimulus targeting small municipalities and states and then mediumsize businesses. The s p having its best week in more than 30 years, joining me now president chief Investment Officer dominic tavela and all the panel all morning long campusreform. Org Brian Brendberg and Senior Writer at the wall street journal Jon Hilsenrath. Dom, to you first, what do you make what the federal is doing . They have clearly have stepped into this in a very big way and seems like every other day they come up with another creative solution to unclog the fixed income bond market, the credit market, this is an important component to keeping the economy going, they stepped in big time yesterday. Dagen its not just directly lending the states, cities, midsize businesses and also expanding the corporate debt backstop it already had in place, jon. Jon i havent read that editorial yet but i will say this, what the fed is doing right now is truly extraordinary. Theres an old saying in central banking that in a time of crisis the Central Banks job is to lend freely against god good collateral and what the fed is doing is extending lending against collateral thats question in this environment and running the risk of taking all kinds of credit risks and loss. Thats why its partnership with the treasury is so important in this instance because the treasury is forming a backstop to the feds, to what the fed is doing. I will tell you the truth, i dont know how that plays out in the long run in terms of what happens when the fed start lending against potentially bad collateral but, you know, the other saying in central banking, mario droghis old saying, whatever it takes and thats exactly what jarome powell, the strategy hes adopted. He will do whatever it takes to get the economy through the extremely challenging time. Dagen brian, jon mentioned the treasury backstop, its 450 billion was put into the Treasury Department as that backstop but you get for every dollar that the treasury has and its stabilization fund, the fed can leverage that 10 in lending so this was 2. 3 trillion that was expanded. Its got basically wiggle room based on the 2 trilliondollar stimulus and 450 billion, they can go up to 4 and a half trillion. Theres definitely more to come. Theres definitely more to come, dagen, to your earlier point of wall street editorial, one of the issues they raised, this is a big facility, a lot of credit, the money has to get out of the door and on the main Street Lending program, they will be taking public, the facility might not start disbursing funds until may. By that time can some of the firms make it that long or hit the solvency issues before the money start flowing. Thats been an issue with all aid programs, could be an issue with fed aid as well. Dagen we are a nation of not getting money to people. The irs is good at collecting at but not getting it too people. Sba approved more than that in 3 Business Days with that Small BusinessLending Facility or grant facility. Dom, before we go, Airlines Getting a big boost, the president announcing yesterday that he could be giving airlines details this weekend about grant money they would be receiving. Maria bartiromo spoke with secretary Steve Mnuchin and white house adviser larry kudlow about the governments plan for the Airline Industry. Listen to this and i will get your reaction before i let you go. Maria what do you want to see in terms of the government taking stakes in the airline here . Do you want to get equity, wants . Maria, ive been very clear, this is not an airline bailout, okay, and that the taxpayers need to be compensated relief they are giving to airlines. Let me just also say the airlines in our view have National Security interest. We need to make sure that when we reopen this economy that we have domestic and International Air travel and i think we have the right balance of being able to provide relief. By the way, all of the relief goes to pay workers so that the airlines can operate and are ready to reopen this but taxpayers get compensated. Maria the government going to be an activist shareholder wanting to tell these companies how to run their businesses, larry . I dont think we will be activists but we are laying out some conditions as you think you know no stock buybacks, no executive compensation increases, things of that sort. Dagen dom, your reaction, i think people who dont work for the airlines will expect Better Service and bigger seats in the years to come if we and it is a bailout frankly. What taxpayers should expect is to get paid for taking on the risk, the Federal Reserve right now is buying corporate funds. They expect to get paid and make money, when we took over fannie mae and freddie mac they made obscene amount of money. The government will make an investment in the Airline Industry, the taxpayer should and expects to get paid. Dagen in gm bankruptcy i think the u. S. Lost 11 billion. Big risk. Dagen the american taxpayers should expect never to get back the money. A lost that we have oh to eat, dom, good to see you. Dominick tavella. Impact on commercial real estate and this does go straight to everything that was wrong in the economy before we went into this shutdown and in the 7 00 oclock hour pennsylvania congressman guy tells us about his move to block u. S. Funding for the World Health Organization. Andy on the end to long standing saudiRussia Oil Feud. How the deal could impact prices at the pump. Apple metro ceo, owner of 32 applebees on the future of the business as they are beg to go reopen. At 8 00 oclock i will talk to labor secretary Eugene Scalia how they would recover, the unemployment claims, what he can do to make sure they are processed at state level and Washington ExaminerFox News Contributor byron york on new fox news polls, the numbers that will surprise you. Coming up Small Businesses that faces big challenges in the wake of coronavirus pandemic, the battle for Small Business aid as the Senate Reaches an impasse. This is an athlete, twenty reps deep, sprinting past every leak in our softest, smoothest fabric. Shes confident, protected, her strength respected. Depend. The only thing stronger than us, is you. Dagen political stalemate on capitol hill, democrats blocking a republican to speed up 250 billiondollar bill that would add more money to protection for Small Businesses, both sides of aisle negotiating. Democrats to add aid to hospital s. Hugo gurdon, why couldnt they get it done snap, snap, 350 billion to 650 billion, its never easy. Hugo, its never that easy. The question why its not done snap, snap, snap, thats what the president is asking and the republicans are asking. The democrats are constantly asking for a clean bill. They didnt want the republicans putting anything more into it. Now that the question is, you know, saving the economy, saving lots of Small Businesses, saving lots of jobs, they want to adviser Different Things to it and what Steve Mnuchin, the republicans in congress say, get this thing done, we could do the other things in later legislation. We can do them separately but dont let the ppp run out. Dagen i repeated this when rock emmanuel when he was working with Obamas Administration never let a good crisis go to waste and seems like democrats are falling into that logic. We have seen them come out and try to slip in things for abortion funding, all sorts of funding trying to get political wish list, if you will, this is an example that if anyone thought that this virus and this crisis was going to be the dawn of a new era of political bipartisan, we just havent seen that happen. Its important to point out the language in the republican plan yesterday, it was 2 pages, no new language as Mitch Mcconnell pointed out changing the number of 350 billion to 600 billion, no new language that really needed to be debated. Could have passed unanimously but the democrats slipping in wish list going so far to say theres a 2year hold for snap benefits, this is not some issues the democrats trying to slip in things they know would not pass without long debate calling the republicans to oppose. Dagen no muss, no fuss, the democrats hit no go, what do you say . Jon i would say resistance in washington goes both ways. This is politics. This is the way the town works. I would remind everybody that when democrats were trying to do a stimulus plan back in 2008, 2009 actually not a single republican voted for it, so im not saying republicans were wrong and im just saying it goes both ways and, you know, its just the way washington works and i i dont see the point of pointing fingers because its always going to happen when theres one person against another. Dagen hugo, final word on this but i will argue with jon on the rest of the show but you get final word here about this is an unprecedented crisis where the government essentially shut down businesses far and wide and how Small Businesses, half of all jobs in the country and they need money to stay afloat for the next few months and the democrats have ducked their heels in this as people are dying literally across the nation. Hugo the Unemployment Rate is probably now around 16 . By the end of the month it could be 20 , thats depression levels. Its twice the rate that it was in 2009 financial crisis. This is the kind of thing that no one alive has seen or very, very few back in were alive back in the depression. This is a once in a lifetime and the white house is now, you know, scrambling to try and think of a way of getting the economy open again. Theres talk of a second task force and what they are talking about is how can we get this open, how can we bring in people from the entertainment business from the private sector, from the sports and talk about getting the economy moving again without a second waves. Dagen hugo, great to see you, thank you for being here. Hugo gurdon. Coming up u. S. Markets logging their best week since 1974, what an economic recovery could look like and mounting amid mounting debt and record unemployment Jon Hilsenrath will weigh in when we come new direc. But when youre with fidelity, back. Every step is clear, theres nothing to stop you from moving forward. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com dagen economic recovery. President trump speaking at the white house yesterday on stimulus efforts in an economic bounceback. We have tremendous stimulus, we have things in the works that will fire the country. I think whats going to happen is we are going to have a big bounce rather than a small bounce, but we will be back. Dagen it may come at a cost, jon, youre out with a new piece in the journal, coronavirus legacy, mountains of debt and you wrote in part this, the full impact of the coronavirus pandemic may take years to play out, but one outcome is already clear, government businesses and some households will be loaded with mountains of additional debt. The debt surge is set to shape how governments and the private sector function long after the virus is tamed. Among other things it could be a wait on the expansion that follows. Tell us more. Jon yeah. Well, you know, you have to break it up into the 3 parts of the economy, the government, the business sector and the household sector. We are heading to or past levels of Government Debt that will exceed where we were right after world war ii. Its take time to play that out. I think the real risk frankly is debt in the business sector because, you know, inflation is low and Interest Rates are low and the government is going to carry that debt for generations. In the business sector i think, you know, a lot of ceos are going to come out of this and they will be focused on rebuilding their balance sheets, getting back to leverage ratios that theyre comfortable with and the hit i think goes to equity holders, its less dividends and less share buybacks and a wait on Profit Growth and potentially investment, so thats i hate to give a message like that because we are all looking for encouragement, but its the facts of the world that we live in. On that dire note, i actually want to read a quote that ive been recite to go all my colleague it is other day that harry truman said after world war ii because the country really is drawing on its internal resources right now. This is trumans quote, america wasnt built on fear, america was built on courage, imagination, and unbeatable determination to do the job at hand, we have to draw on that right now. We have a lot of work and obstacles including all that debt but i do see a strong will out there, outside of washington to to address the crisis thats in everybodys face. Dagen jon, on that note, because weve been over all of the i think that the response from an economic and financial perspective from the treasury and the administration, the Federal Reserve and Even Congress has been just breath taking and unprecedented in size and scope but we are having trouble as a country getting the money to the people who need it. Unemployment benefits, the checks, particularly the small Lending Program, great idea but poor in execution so far, grant it its only been