I have seen them in my own neighborhood. The amount of people that have. Most vulnerable where we are right now. Measures temporarily taken in states across the country. Todd we talk about people helping people, we need the government to help people. That brings us to go this congress, white house negotiating a deal on coronavirus Economic Relief. Meeting to finalize the package. Pete doug mckelway. Is with us. Senate Majority Leader Mitch Mcconnell late saturday, congress, white house huge wick relief bill, now approaching unprecedented two trillion dollars. We expect a procedural vote today early in the afternoon. Final action earlier in the week republicans, democrats Work Together to compromise bill. President encouraged by the prospects of package. Right now, theyre negotiating. Mitch mcconnell, chuck schumer, theyre all up there. Kevin mccarthy, and nancy pelosi. Theyre all. Negotiating, everybody working hard. They want to get to a solution. I think were getting very close. Reporter not to say that passage has been hampered by politics. It has. Speaker nancy pelosi earlier demanded increased Unemployment Insurance and paid sick leave in the deal. Mcconnell noted a Senior Member the House Democratic leadership as potential to pass the democrats Broader Vision of a future. Late saturday republican senator john thune seemed to indicate political divisions had been over comb, he said only loose ends remain to be negotiated. The bill will provide 350 billion in aid for Small Businesses. 500 billion in cash for laid off unemployment workers. Hundred of billions of dollars of loans to airlines and other Big Industries and expanded Unemployment Insurance. The economy really is grinding to a halt. Everybody is hoping when this is all over it revs back up. Pete thank you, doug. Our budget south of five trillion last year, looking half of the federal budget in one bill. Gives you a sense of scope. Talking 1200dollars per person, 2400 per couple. 500 for each kid. Four months of unemployment as well as Small Business loans. The idea to allow Small Business not to lay people off and reward them if they dont. Already were seeing a lot of Companies Taking hits. Gillian to that point. So many people in finance said it is tough right now. This is the United States. Well rover. Todd need to take this financially, immediately, long term ramifications, could be facing. To your. , jillian, taking care of this now. Taking our medicine as hard as it is in the economic sense. Well be in better shape on the back end. That doesnt mean our numbers, finances in this country, going quite frankly, guys the potentially the neck decade and beyond are not going to be hurt by this we dont have a choice. Pete we are 23 trillion in debt. Were adding on top of it. The immediate moment rings true. The fact that democrats booked away from making a lot of these things permanent opened up bipartisanship. Republicans, fiscalally conservatives can get on targeted bill even with a high price tag if it doesnt mean the welfare state doesnt grow. Hopefully that is what it means right now. Jillian talk about Vice President mike pence. During one of the press conferences, we heard one of the staffers tested positive for the coronavirus earlier this week. Lets listen what mike pence had to say yesterday. On a personal note many of you may have been made aware that a member of my staff has tested positive for the coronavirus. Given the unique position i have as Vice President as leader of the Coronavirus Task force, both i and my wife will be tested for the coronavirus later this afternoon. Let me say how grateful the president and i are, that every american has acted on the president s coronavirus guidelines. Were six days into 15 days. As dr. Fauci may well reflect in a moment is an opportunity for us here on the footholds of this epidemic curve in the country to literally lower the impact to our nation and save lives. Jillian we know his test was negative. That is great news. I appreciate the transparency in the administration right now. Todd it is necessary. Look at leaders who had the transparency. Governor cuomo, i said it yesterday, i say it again, people from all sides of the aisles, conservatives, liberals. Governor cuomo is doing a great jobe because he is so transparent. If that comes from the federal government that helps us what we can learn as a nation. Pete something he has to do just like the president got tested. It is also a moment to remember. If youre not, he is the leader of this task force, why you take the tests to reese assure people. If youre otherwise healthy, not the Vice President , not leader of the task force, not Everyone Needs to rush to get tested today. Symptoms are important part of why people go to get testsed. A lot of people know people in their own lives to be exposed. It is good news he is negative. Todd why you heard them say throughout this process you they didnt want to set a bad example for the country. I have a tickle in my nose. Lets get a test. Jillian everyone is afraid. Look if you dont have all the symptoms, save the test for everyone who needs them. Speaking of test, the fda approved a new coronavirus test that claims to have results within hours instead of days. We actually have video how this test would work we can take a look at. Pretty fascinating if you think about it. Here is how it is described a dr. Or clinician collect as sample through the swab test, we all know about the swab test. The test is in a tube, transferred into a cartridge and the cartridge closed into place in what is called a between expert machine. That is to determine whether the patient is positive or negative. That is due out by the end of the month. If that is true that is a big deal. Todd were not in a position to train tons of medical personnel. This particular test does not require any expert training. It is pretty selfexplanatory. You still want to get the test from the medical professional. But those medical professionals need to be tested but that is important because we need them quickly. Pete these things dont just show up. The reason they show up because our Health Care System is greatest in the world. Dr. Drew pinsky was on gutfeld last night. Innovation and flexing is the best in the world. We are ready for the worstCase Scenario. We will meet the demands should it occur. I dont believe it will. It will flat enthe curve in the mean team. In the next few weeks, well know where we are. We dont know where we are in the curve. We may have already flattened it. I dont know where we are. Ad vent of ingenuity and treatment this thing could end faster than you know. All of sudden we could have effective treatment. Todd is one of the more positive voices throughout this. One of more forward encouraging voices. Lets hope he is right. Pete no reason to panic. The leaders are on top of this. Dont overreact and hopefully well provide economic support our economy and businesses need badly. Jillian who else is always positive . Todd who . Not in terms of coronavirus. Carley youre both right on that one. We have headlines to get to. Fox news alert a Police Officer is killed after a car chase suspect crashes into her cruiser overnight. Ohio officer kaya grant was on patrol when a car chase in a neighboring town moved on to a major highway. The suspect slamming into grants cruiser seriously hurting the officer. She was flown to a hospital where she later died. Grant is the first spring dale officer killed in the line of duty. She was a eight year veteran of the force. Detroit Police Department seeing more covid19 cases. Two more officers testing positive for the virus, bringing the total cases to 7. 196 officers are quarantined amid possible exposure. That is 44 more officers than just yesterday. The nypd scrambling to get more gloves and masks to officers on patrol as 52 cops test positive for the virus on the force. Right now police are searching for this man, wanted for stealing dozens of coronavirus test kits. Officers say he walked into Arizona Health clinic disguised as Delivery Driver before walking out with 29 kits. Employees say it happened while they were closing. Didnt notice until the next morning. Police warning the tests are useless without a fully equipped lab and Health Professionals confirm the results. Nascar hitting a virtual racetrack with normal races on hold. The enascar i racing pro invitational series will feature top drivers including dale earnhardt, jr. , kyle busch and brad keselowski. They will race on a virtual traffic of miami homestead speedway. You can watch this afternoon on fox sports 1. If you are kind of tired of all the heavy news, that could be a good way to spend the afternoon. Todd we have our own sport here, pete bundling up piece of paper trying to get into the garbage can. Pete carley, great stuff. Covid19 taking a major toll on the economy. Some experts say americans could lose, check this number, five million jobs. Peter morici on when we can expect numbers to bounce back. He is coming up next. Obligated t clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when our clients do better. At Fisher Investments were clearly different. Unlike ordinary memory wantsupplementstter . Neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. 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Tomize live bookkeeper okay, youre all set up. sensei thanks that was my business gi, this ones casual. vo get set up right with a live bookkeeper with intuit quickbooks. Pete every american affected in some way by the steep and sudden toll the pandemic taking on economy. The dow ended worst trading week since 19188. Some experts prebricking the downturn could cause 5 million jobs. Peter morici joins us now. Professor, thank you very much for being here. Break down where we are because, in some sense, the health care side of this is predictable. I dont mean that to be petty. Viruses are viruses. The unpredictable part of this is our economy. Are we handling it properly right now. Well handle it properly as soon as we get the stimulus. Depends how we get the money out. We have lots of layoffs. Those will not be easy to reverse. We could have pa drop of gdp as much as 10 in the second quarter. Those kinds of things do happen. Some will be hidden. People are on payrolls, places like boeing but not doing anything, theyre not making anything but yet they will get counted. In terms of the statistics, five million jobs lost, 1. 5 trillion in gdp lost. That sounds about where were going to be. Pete can it restart quickly . Is this type of thing with the right stimulus we head up when this is done . It more depends on the lent of the virus cycle than the stimulus. The stimulus will make people feel better t will take time to get the money out. You will not see the first check for a month, the second check for two months, so forth. A lot of money is loans f this thing ends by say early may, the economy will bounce back quickly. If this thing goes into the summer, then it is going to be much more difficult for the economy to bounce back because businesses, even with Small Business loans will fail. Pete neither of us are Health Care Professionals here but you look at the coverage, are the right things being done . All the shutdowns, in your mind as an economist, shutting down new jersey, new york, businesses, getting a lot of criticism in some quarters, is it the right thing to do temporarily to get more quickly to the other side to rebound the economy . Two things. One this should be a national shut down. What good does it do to shut down pennsylvania for two weeks if after the two weeks are up, people come in from ohio where it hasnt been shut down, for example . They bring the virus back in. Were getting a second wave in south asia from exactly that kind of thing. The second thing is, there are so many exemptions and exclusions from the industry shutdown. For example, steel mills in pennsylvania, it is hard to say this is going to bend the curve definitely. One of the lessons of italy were the shutdowns were not wellenforced is it doesnt bend the curve. There has been a lot of criticism of the president , consider the governors in new york, how reluctant Governor Cuomo was willing to come along even though that was the center of the epidemic. Pete i know youre not going to predict it but could we go further south there . Depends how the stimulus is received or and how quickly sold. How quickly the house acts. Well get a deal in the senate. There is the potential to push this through the house without all the house members coming back. There are certain rules they can do with this limited number of members. Theyre out of town. If there is a sense the administration is moving quickly, congress is moving quickly, we can get a positive pete briefly you like the stimulus bill is being proposed right now, it is temporary and targeted . That is what you should do. It is temporary and targeted. Getting money in peoples hands is the best thing you can do. That is better than Unemployment Insurance. That gets played out over time. We have Unemployment Insurance program in place already. This just ends has. Gets people cash is the best thing you can do. Pete peter nor morici, thank you very much. One mother and daughter are delivering groceries to seniors who cannot leave their home. It started with a simple post online. They join us with that next. Nose and mouth. Stay home when you are sick. Cover your cough or sneeze. Clean and disinfect frequently touched objects with household cleaning spray. For more information, visit cdc. Gov covid19. This message brought to you by the National Association of broadcasters and this station. Of broadcasters breathe freely fast, with vicks sinex. My congestions gone. I can breathe again ahhhh i can breathe again ughh vicks sinex. Breathe on. Yes. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Ok. Yep. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Xfinity makes moving easy with twohour appointment windows, even on nights and weekends. Go to xfinity. Com moving to get started. Jillian good morning. Welcome back. These are stories we love to hear about. Americans stepping up across the nation to help their neighbors. Our next guest is a cancer survivor who remembers how important it was to have a community rally around here. Now she is hoping to do the same for others. Tamara roland posted this simple message online, offering to runner runner rands for those who need rose chris the most. We have her along with her daughter priscilla. Thank you. Good to see you this morning. Jillian tamara, wind for a second here and why you decided to do this in the beginning. When i first saw there was a need, earlier this month there was tornado in nashville, a lot of people were very much need of help. We moved to the community from colorado and we were in a bit of a state of transition. We still are actually, but when, things were happening then i wonder what i could do and didnt really feel i got a chance to do some of the things i wanted to do. When earlier this week, i was thinking about some things i thought would be helpful for the community. I thought, well, here we are in the middle of another something that is very big and very important. There are a lot of people at home who need help and who cant get out. So i initially put a post out i wanted to see if people were in the area, elderly, maybe with disabilities or people with chronic illness who might need some help. So i put a post up on the next door app in the community where we are now. It had a very favorable response. Weve been very excited about that. Jillian priscilla, i saw you shaking your head as mom was talking. Tell us how you have been able to help . It has been a lot of fun, definitely. I mean, i just got really happy when she posted that. She told me she was going to put that on social media. So i thought it would be fun to go out and help her. We got to meet some people and help them out. It just gave us a both a very warm feeling. What does that feel like for both of you . It was really freight. It was nice to be of service. It is nice to be a helper in your community. Nice to know youre able. You mentioned a minute ago, i was very sick at a point in time, i just remember not being able at all. During that time, im a very independent person. It is hard for me to accept help from people. My mom told me in that time not to rob anybody of the b