FOX News Rundown Extra: Charles Payne on the Economic Impact of the Coronavirus

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 7 March 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump signed an $8.3 billion bipartisan spending bill on Friday to help fight the coronavirus outbreak. Earlier this week, Charles Payne host of "Making Money with Charles Payne" on FOX Business joined the FOX News Rundown to talk about the global economic impact of the coronavirus. Payne discusses, with host Lisa Brady, how the coronavirus is affecting businesses, the travel industry and stocks. He explains why he thinks the illness will be short term economic hit to the U.S. and what it's like reporting on the illness without causing a mass hysteria both economically and medically. Payne also talks about his book "Unstoppable Prosperity." He tells us why he wrote the book and why he thinks it is helpful for anyone who is interested in investing the stock market, but may be nervous to do it. You'll hear all of this and more from Fox Business anchor Charles Payne on The Fox News Rundown Extra. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi all how we doing afternoon afternoon let's get this meeting meeting meeting
0:06.0	started
0:07.0	when everyone's home erepte work mode
0:12.0	when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.
0:18.0	So, yeah, yeah, I've got you loud and clear, clear is about.
0:21.0	This is broadband made for working from home search
0:24.2	e e broadband powered by BT work mode with e e smart up plus to verify see ee dot credit
0:29.2	slash claims this is the Fox News rundown Extra.
0:35.0	I'm Lisa Brady.
0:38.0	In the midst of this week's wild swings on Wall Street
0:41.0	over the spread of the coronavirus.
0:43.0	We spoke to Charles Payne, a Fox business, about the many kinds of economic impacts from the virus.
0:49.0	We made some edits for time and thought you might like to hear the whole thing. So thanks for
0:53.8	listening and here's Charles Payne on the Fox News rundown extra.
1:00.3	So I did I did want to start with the airlines and I am rolling if that's all right. Do we have any sense really of how hard the airline industry has been hit by this so far?
1:15.0	Well we do know how hard their stocks have been hit.
1:18.0	So outside of the cruise lines, Norwegian, the Royal Caribbean, which are the worst
1:24.8	performance this year and some of the oil companies. Certainly the airlines have
1:28.8	taken it on the chin. United down more than 30% 35% American Alaska Air.
1:35.0	So their stocks are down tremendously from all of this.
1:40.0	In fact, it's getting to the point where I wonder if they may even ask for some relief, which
1:46.0	makes me feel a little, maybe I'm just a little skeptical in general, but if you remember
	...

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