President Trump signed an $58.3 billion coronavirus-related spending bill to day

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House Speaker Nancy Pelosi told Democratic members that the House of Representatives was close to a "bipartisan agreement" on a second bill to fight the coronavirus pandemic also telegraphed overnight that the chamber would begin work on a third coronavirus-related spending measure.
The move came after the worst day on the stock market since 1987, with stocks plunging 10 percent and after Senate Majority Leader Mitch McConnell canceled his chamber's recess scheduled for next week. Pelosi has not indicated whether the House of Representatives will do the same.

Friday morning, major futures indexes showed gains of 3.5 percent, potentially on hopes of a second piece of legislation dedicated to fighting the novel coronavirus and shielding the economy from its effects. That increase indicates that investors may be calming down for now after an anxiety-filled week that culminated in Thursday's rapid-fire headlines of closures, cancellations and shutdowns of schools, sporting events, government agencies and even Disneyland.
It's unclear what would be in a third coronavirus bill from the House, though there was significant disagreement between Republicans and Democrats over the details of the second one. Pelosi and Treasury Secretary Steven Mnuchin negotiated throughout Thursday to tweak the second coronavirus bill and reach a compromise the president could sign. Pelosi expressed a sense of urgency to pass legislation to help families in need with the scheduled recess looming.
McConnell slammed Pelosi's initial proposal as an "ideological wish list." Trump had wanted a payroll tax cut that Pelosi didn't include. Republicans also raised concerns about the expansiveness of new paid sick leave programs and not including language to ban federal funds for abortion.

Trump first signed an $8.3 billion coronavirus-related spending bill last week.
President Trump declared a national emergency today at his news conference on the coronavirus, also announcing an array of things the administration is doing.
The national emergency itself will give the Trump administration access to around $50 billion in disaster relief funds that they can send to states to help with their responses to the coronavirus.
Trump also added that he’s pulling the private sector together to respond to the need for testing. This will include biomedical laboratories like Labcorp and Roche who will be doing much of the testing, along with retail stores like Walmart, CVS, Walgreens and others who will make their parking lots available a quicker ‘drive-thru’ style testing. Trump also noted that Google has 1,700 engineers working on a website that will link all of this coronavirus testing for the public.
As far as the testing itself, Trump said they would be testing a lot of people in the next week or two, to the tune of half a million, and predicted that in about a month’s time that they will be able to test up to 5 million people through this new system.
Given that the oil prices are dropping, Trump announced that he’s ordered the federal government to buy enough oil to fill up our reserves. He’s also ordering his administration to suspend student loan interest on federally owned student loans.
As to negotiations with the House on a coronavirus funding bill, Trump said there is no deal yet and blames Democrats for not doing enough for the country. He didn’t get specific as to what the exact problems where but seemed optimistic that they would be able to come to agreement.
I should also note that the stock market has responded very well to this news, up almost 2,000 points since yesterday. It had rebounded some today, but really took off after the news conference began.
I must say this is the press conference that the American public needed to see, one that will no doubt provide much optimism and hope for people who are worrying about the spread of the virus here in the US.
Watch the full news conference below for more:

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