Blake burman at the white house. Kristina partsinevelos is on the floor of the new york stock exchange. Phil flynn is watching the action in oil and ill be interested in gold there from the cme. Lets start with kristine in . What a day. The fact you see the dow close 1000. Off the session highs. I should say i was seeing negative 700 points. It was starting to get better. That is not the point. The s p worst performance over last week or so. Safe haven moving to gold as well as 10year government bond. So the government bonds though are telling us two different stories. The fact you have longer, broader term impacts with slower recovery around the globe. That is the story last week or so. You have a lot of investors were unsure how to price in the coronavirus. Because of that you saw further pressure on the yield to the lowest point weve seen since 2016. Another big issue is that gold climbing higher not since 2016. They have a large exposure to china. You had apple within the last week or so put out a warning with the coronavirus. That is weighing on the sector as a whole. The chipmakers this is something i talked about with traders whether they get in or not. Some people talking this might be a strong opportunity to buy, for example, nvidia, amd. However, given the point where weve ended the day, this could trickle on to tomorrow. That is why it is never good to time the market as we know. Airlines, as a whole, talk about these travel stocks, getting hammered completely because you have the cdc putting on a level 2 warning for japan, south korea, the fact nobody is really going to china at the moment, now italy having major issues, could that spread to the rest of europe . Weve been looking at some prices for these flights to go to europe, it is a lot cheaper but across the board with delta taking the largest hit, down more than 6 . It is not just the airlines and seeing hotel exposure. Many hotels have a large portion of their revenue from china and the casinos. Macau is a big player. Mgm getting hit. One positive note, Gilead Sciences this is a firm from the United States. They are working on a coronavirus trial. Which is why youre seeing the stock up almost 5 today. The World Health Organization did point them out this morning so that contributed to the up sell. The dow closed well over 1000 points. Back to you guys. Melissa kristina, thank you. Connell to talk about this with jack hough from barronss and heather zumarriaga from vision four. Three days we have fallen over 1000 points or more. This will be likely third worst day pointwise. We have had more days down more of a percentage drop than today but what is your take what you saw . If you want to make the case the market will go lower from here. Look at the past experience with sars you had a bigger selloff then. You look at valuations, pe ratios are a little bit high we could have further to fall. I think you look back at 10year treasury yield at time of czars, buying a 10year treasury at 4 . Where are you, under 1. 4, 1. 37. What are you going to put your money in beside the stock market . While prices are a little elevated. Theyre not crazy and going faster Earnings Growth this year than last year. I dont think the bull market is over. I dont think it end here. I think we have another leg up for stocks. Connell heather what is your take . We try to get a handle what is happening with the virus which is proving a very difficult thing to do, especially with the news as mentioned out of italy over the weekend what have you, maybe from investors point of view there is mispricing going on in terms of risk. They didnt really know how bad it was, what is your take . Sure. Flight to safety, flight to quality, bond at or near record lows as jack pointed out. 30 year we havent seen this in our lifetime and probably wont again. China is the second largest economy in the world. Were all global interconnected. I think bond yields have been telling us for the past month the worst is yet to come. Look, im a longterm Eternal Optimist but i think over the short run investors should wait. I dont think the pain is over just yet. Melissa all right. Is now the time to buy . Some people might be wondering. Jack, heres the deal. You mentioned sars and looking at it for historic purposes. If you look at the s p 90 days after the first case was found in the u. S. , it was s p was up 22 . For ebola, 90 days after the first case in the u. S. Up 6 . Sikh can the index was zika was up 9. 4 . My point, other than a real financial crisis or economic contraction, this is something that were attempting to come back because it isnt a loss of demand, just a delay. What are your thoughts on that . That is an excellent point. I dont want to gloss over the situation. There could be a big Economic Impact, one from here. My family and i go to disney world this year. I talk to my wife, should we book for a summer and she said look, this coronavirus. See which way it turns. People all across america say that is silly and ridiculous. People dont have to be rational spending money on summer vacations. They could be cautious. There could be Economic Impact we see in the u. S. But to your point i dont think this is fundamental structural change that derails this bull market after 10 years. Melissa by the way later on in the show a lot of people wonder if they should delay their travel. You see deals, things get more expensive. Were drilling down on those points now. Were not talking about china, anywhere else. Disney world. Melissa stay tuned. That is one ever the biggest talkers about this, what to do with your travel plans, but heather, what do you think about that . For people who feel like they missed the runup in apple and they regret it, you listen today. Analysts are saying apple is one of the stocks that is the most vulnerable because they have both demand and production in china. They will get hit on both sides. Does apple start to look tempting though because it is not like, however much theyre down, they will, they are going to make a huge comeback, given how entrenched they are in the entire world . Sure. You get out your buying list i guess if youre looking at a christmas list of potential buys. Foxconn where theyre manufacturing. Some stores are still shut down over in china. A lot of their phones, all of their phones are manufactured in china. This would delay Something Like one million iphone units from being sold this quarter into next quarter. What is 1. 3 billion chinese consumers, some of those quarantined in their homes and crippling really tourism and travel over in china. Again i think you wait a little bit longer but, yes, get out of buying. Nike, for example. Estee lauder gets 17 of revenue from china. A lot of u. S. Companies are impacted by this because of disruptions in supply chains, having their Manufacturing Base over in china, that really hurts some u. S. Companies. Melissa jack, heather, thank you. Connell saw 1000 points down on the stock market in the dow. Other thing that phil flynn knows about is oil. Oil plunging more than navratilova in the floor session. He joins us to take us through more of that and more. We got hit coronavirus fears today, going down to 50. 45. The key thing is we did not break 50. Psychologically that gives us a little bit of hope here. The report on the demand destruction weve seen on oil so far from private sources are saying it is not as bad as previously thought. So a lot of people might look at that, hey, is this virus if we dont get anymore bad virus news maybe we overplayed it . Right now were selling oil on what we dont know and concerns we will go back. Now it is very interesting that melissa talked about other virus situations and demand destruction events and how the market came back up. Thats true for oil as well because as the stock market goes so does oil. How about gold . Gold a sevenyear high today. The key thing with that, all traders were thinking with all this bad news, why didnt we test 1700 an ounce . So from that viewpoint, some technical traders may be a bit disappointed because after this incredible run with we seen to pull back. Having said that, still incredible day on gold up and down. The industrial metals, what a ride, platinum, palladium, stay away today. Very volatile. Connell thank you, phil flynn, losing his voice like everybody else. President was receiving daily briefings from the special Coronavirus Task force. The administration will likely seek money from congress for the outbreak. We go to blake burman at the white house. Blake . Reporter this is likely request from the capitol hill. This could potentially happen here in the upcoming days were led to believe potentially by the end of the week and exactly how much money that request will be for. One figure that has been float ad billion dollar supplemental request but i stress at this point nothing has been nailed down. When asked about it earlier today the White House Press secretary hogan gidley would not give a figure. Watch here. We need funding to make sure we protect all americans. We keep us safe, we keep us well and this president was out in front of this, took fully aggressive approach putting together the Coronavirus Task force. Reporter im told the task force he is referring to there led by health and Human Services secretary alex azar back left of your screen there is having daily calls, sometimes twice a day along with meetings here at the white house. President trump by the way, we are told continues to receive daily briefings on the coronavirus. Melissa, it has been that way now for several weeks over here at the white house and continues. Melissa blake, thank you. Connell now in europe that has become a big part of the story as the scramble to try to stop the virus from spreading. For example, authorities in italy are really raising to identify the outbreak, the outbreak source in that particular country and that became a big part of it over the weekend. Amy kellogg on the ground in milan. She has more from there. Amy. Reporter im standing in front of a la scala theater. This is milans premier cultural attraction. It is closed. The Northern Powerhouse region is taking a hit. One quarter of the national gdp is generated in this part of the country. Much of it is shut down. 50,000 people are in lockdown in areas around milan and venice. There have been over 200 cases. There has been a run on stores. It is strange to see glamorous italians who barely put on bicycle helmets wearing masks. The effects on the economy is yet to be seen. The carnival in venice an important event in the winter calendar is closed down. Venito one of the outbreak regions. Schools are chosed in milan, and other communities. Churches, cathedrals, people are asked to work from home in many cases. Bars and clubs are closed from 6 00 p. M. Fashion is among industries taking a hit. Milans famous fashion week wrapped up. Armani did to an empty room streaming it live. Markets in the fashion industry are down. Some people say the italian authorities are getting this under control but what is crucial for them at this point is to locate the source of this recent outbreak because it is not yet clear who infected the person who went on to infect so many others. 38yearold italian man was not suspected of having coronavirus. He didnt have any obvious connections to china and it took a while before Health Officials understood that is what he had and in the meantime he had a lot of contact with other people. Theyre trying to figure out who was the person who infected this man and from there i think they will feel like they are really starting to get this under control. Back to you. Connell amy kellogg for us in milan. Melissa wow. All right from there to the cost of medicare for all. Bernie sanders brushing off questions on how to fund his progressive push to expand health care. And critics say the lack of detail could backfire in the 2020 race. Are they right . Connell well talk about that plus facing years behind bars. The jury breaking its silence in landmark trial of Harvey Weinstein. We will be live at the courthouse coming up. Melissa traveling amid a growing outbreak, how concerned should you be . Well have all details later this hour. Because your investments deserve the full story. T. Rowe price invest with confidence. You wouldnt accept from any one else. Why accept it from your allergy pills . 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To do the extraordinary. Take your business beyond. Connell forget about Bernie Sanders or Mike Bloomberg or joe biden, could coronavirus be what causes President Trump the biggest headache in 2020 . A story that the white us is concerned that the outbreak could threaten an economic slowdown just as the president ial election is heating up. Were joined by dan mitchell, chairman for center of freedom and prosperity. Dan, you could argue President Trump politically has only one thing going for him but it is a very big thing, a strong economy. A incumbent president in a strong economy. Does this virus potentially with a slow down in Economic Growth around the world threaten any of that . There is no question, if the virus gets worse not only have problems in china, south korea, italy, iran, although that doesnt matter we dont have much trade with them but it could crimp really world trade will hopefully educate trump that trade is good, not bad. If the economy slows down because tradeshows down that could threaten trump but i will throw one thing out. My protrump friends, antitrump friends, one thing they all agree on he is master of controlling the narrative. I dont think trump will sit back to let the media, Bernie Sanders, or bloomberg anybody, spin a story. He will get out there very aggressively, this is the fault of the virus. This is the fault of china. It is not my fault, well do x, y and z to deal with it. I think publicly he will do much better with the coronavirus then say george w. Bush did with tarp. Bush let that financial crisis get blamed on the free market when it was caused by the Federal Reserve and fannie mae and freddie mac. Connell he wouldnt running at time for reelection but john mccain certainly most people think was hurt desperately by that in 2018. This, you know, tough to blame someone politically for a virus but does that blame matter politically you think if the economy is slowing down . Maybe people dont care why it is slowing down but when it is seems more than anything else . Normally i would agree with you. Voters all they care about is the bottom line, what is happening, disposable income. That is a key variable, determines their optimism. Determines the country going in the right direction, wrong direction, so much stems from that, however if you have something obviously external, not the fault of anybody in the United States, and if trump get as oh, boy, were dealing with this problem, can you imagine how much worse it would be if we had a socialist in the white house trying to turn our economy into greece at the same time . This is where trump, because he does not let other people set the narrative, whether you like him or dont like him i think he will be in pretty good shape even if the virus turns out worse than we think right now. Connell even that is a mater, seems of timing more than anything else we continue to talk about. Dan, always good to see you. Dan mitchell. Melissa the verdict is in. Find out verdict of disgraced mogul Harvey Weinstein. The coronavirus is threatening the Christmas Toy shopping season, putting toys at risk. What it means for your family and of course the arrival of baby yoda. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it with hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa hi with the worldse first invisible trailer. Invisible trailer . And its not the trailer right next to us . This guy . You dont believe me . Hop in. Good lookin pickup, i will say that. Oh wow. Silverado offers an Optional Technology package with up to 15 different views including one enhanced view that makes your trailer appear invisible. Wow. Thats pretty sweet. Thats cool. Oooohh thats awesome. Whered the trailer go . I love it. Its magic. My hands are everything to me. But i was diagnosed with dupuytrens contracture. And it got to the point where things i took for granted got tougher to do. Thought surgery was my only option. Turns out i was wrong. So when a hand specialist told me about nonsurgical treatments, it was a total game changer. Like you, my hands have a lot more to do. Learn more at factsonhand. Com today. Melissa now facing up to nearly 30 years in prison, Harvey Weinstein, convicted today on two criminal sex charges but acquitted on the most serious charges against him. Fox newss alex hogan is outside the courthouse with more. Alex . Reporter melissa, this is a monumental moment in the me too movement. Today the jury finally coming out with the verdict after five days of deliberations and after that the District Attorney spoke listing out all of names of women who testified here saying that it took so much bravery and that this is finally a day of accountability moving forward. Harvey weinstein was hunched over as he was taken out of the courthouse in handcuffs. That was around 11 55 this morning when the verdict finally came down. The seven men and five women finding weinstein guilty of criminal sexual act in the firstdegree assaulting meme mimi haley in his love jessica man said the 67yearold producer raped her in 2019. They found him not guilty of predatory Sexual Assault and rape in the first degree. Both sides taking time to respond. This is the new landscape for survivors of Sexual Assault in american i believe and this is a new day. It is a new day because Harvey Weinstein has finally been held accountable for crimes he committed. But an appeal will be filed as soon as possible. Reporter weinstein was taken into custody. His attorneys requesting he be released on house arrest. On top of this guilty verdict weinstein faces another Sexual Assault case in los angeles. So again that one will take place moving forward. But in relation to this case, the sentencing will take place on march 11. In about two weeks time, so again, we know that as of right now he is in custody moving forward. Melissa . Melissa alex hogan. Thank you for that. Connell trying link to pinpoint the price after key campaign promise. The Bernie Sanderss latest slipup in the 2020 race next. Melissa i think the answer might be infinity but whatever. Number of virus cases not slowing down, surging outside of china. What you need to know if you have travel plans anywhere. Connell doughnut lovers, rejoice. Krispy kreme is rolling out delivery of its doughnuts. That starts saturday. Melissa that is disaster. 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Everything your trip needs for everyone you love. Expedia. For everyone you love. Patients that i see about dry mouth. They feel that they have to drink a lot of water. Medications seem to be the number one cause for dry mouth. I like to recommend biotene. It replenishes the moisture in your mouth. Biotene definitely works. [heartbeat] and my lack of impulse control, is about to become your problem. Ahh no, come on. I saw you eating poop earlier. My focus is on the road, and thats saving me cash with drivewise. Melissa fox business alert. Look at that screen. Major averages closing down more than 3. 3 on coronavirus cases outside of china spiking. The dow plunging more than 1000 points marking its Third Largest point drop, wiping out its gains for the year. The s p 500 also turning negative for 2020, closing down more than 111 points. That is its second largest point drop ever. The nasdaq still in the green up more than 2 1 2 for the year. Connell wow. With all that, melissa, happening here the president out of the country marking his First Official state visit to india and earlier today President Trump addressed what was a Massive Public rally alongside the Prime Minister modi and foxs john roberts traveling with the president joins us from new deli with the latest from there. John . Reporter good morning to you. The president didnt have anything to say about the plunging stock markets in the United States yesterday india time. Today, your time. But the president was taking steps, this was the big headline out of day one of his trip to india, taking steps to strengthen the United Statesindia relationship on a number of Different Levels to increase prosperity for both countries. The president and modi as you mentioned spoke before an enormous crowd at a cricket stadium in the western india state of gugarat. Relations between the u. S. And china, u. S. And india are not always harmonious, theyre not with china either. The president did his best to say these days they are very strong. Listen here. The accomplishment over the last 70 years is completely unrivaled no matter where you go. It is your faith in the strength of a free society, your confidence in your own people, your trust in your own citizens and your respect for the dignity of every person that makes the United States and india such a natural, beautiful, enduring friendship. Reporter some important symbolism in day one ever the visit. The president and first lady stopping at the around ram which was mahatma gandhis home from 1917 to 1930. They will lay a wreath at the rajgat. That is where gandhi was cremated after he was assassinated. They flew to the city of agra, a twohour train ride south of here to visit one of the eight wonders of the world, the taj mahal. He will sit down with president modi that it is in the best interests of the two countries for india to roll back its protectionist policies and forge a new trade relationship with the United States. Listen here. The Prime Minister and i will continue discussions to how to deepen relationship between our two great countries. Both of us understand when leaders put interests of their own citizens first we can forge strong and fair partnerships to build a safer and more prosperous world. Reporter the president also announced yesterday india time, your time, connell, india will sign a deal to buy some three billion dollars in u. S. Military helicopters. The president is trying to become the preeminent arms supplier to india, edging out russia. The president also wants to forge closer military to military ties to india, to form an effective counterweight to china which sometimes the United States has harmonious relationship and sometimes not. Connell sub. Live on a Tuesday Morning, john roberts. Melissa let me tell you about the size of the crowd. A lot has been made of it to have 100,000 some odd people show up to see the president in india. Is that a big deal . It is a big deal. The american president is very popular in india. His Approval Rating there is one he would like to have in the United States well over 50 . Indians like the United States and they do like donald trump, so its not so shocking that they showed up in those numbers to see him. Melissa why do they like him in particular . There are obviously other countries, a little different when he goes to london for example . They see him as a strong leader. They like modi as well. He is a strong leader. Those expressions of leadership that appeal to them. Keep in mind when modi was in the United States he had howdy modi rally for 50,000 people down there in houston, texas. Melissa right. Dont forget, there are well over a million indianamerican voters in texas. I think domestic politics had a little bit to do with it. Melissa that is a terrific point. Let me ask you about Bernie Sanders, the looming 2020 weak spot maybe, that is what people are saying. Frontrunner Bernie Sanders struggling to givens as how he would pay for his policy proposals. Listen to this. The price tag is, it will be substantially less than letting the Current System go. I think it is about 30 trillion. That is just for medicare for all. Medicare for all. Do you have a price tag for all of these things. I dont. I cant rattle off you every nickel and dime. We accounted for, medicare for all, we have options out there that will pay for it. Melissa he cant rattle off every nickel and every dime. I love that. Melissa they accounted for it. Every nickel and every dime . Every nickel from here to the moon count up all the money Bernie Sanders wants to spend. The big question whether in the debate in South Carolina tomorrow night the rest of the candidates hold his feet to the fire. Pete buttigieg started to do it in the last debate. With bernie being the frontrunner they will have to call him out. I think the medicare spending, the cost of his medicare for all is an achilles heel for him without question as all the rest of bernies spending programs. There is no way to pay for it all. Melissa everybody made that point, calling him out, he has been asked a million times, how will you pay for it . I dont know. I wont tell you the full price tag. We dont know. This is not the case. It is not new. I dont think his supporters care there is no way to pay for this. Well soak the rich or become cuba apparently a wonderful place. Right. Melissa i dont know what is to count to call him out for this, it is always the case he cant pay for his stuff . I dont know that anybody that follows him cares . The Issue Division in the Democratic Party between the progressive frontrunner Bernie Sanders and socalled moderates dividing up the vote. They treated bernie with kid gloves, nothing like Mike Bloomberg during the last debate. They will have to do something to bernie tomorrow night like Mike Bloomberg last week, if they make any way with moderate democratic voters to make them understand the price of Bernie Sanders becoming their nominee. Melissa the difference, Mike Bloomberg cannot stand up to a fight. He looked like a terrified hedgehog or something. Bernie sanders, he loves to fight, he loves to stand on the frond lawn to yell at people. I dont know he would go down under same attack. Mike bloomberg was in there with five cage fighters last week and they are willing and able to take it to bernie if they have to. Amy klobuchar beat i think they will see a bernie bloodbath tomorrow night. Melissa wow, you make me want to watch. Thank you. Connell bernie bloodbath. Toy companies, how the companies are working to avoid any delays due to the coronavirus for the holiday season. Well have that, plus another democratic president ial candidate Elizabeth Warren is still in the race even after a poor showing in nevada. She returned to a familiar target in pa bid to shore up her support. Details here. How should we do better with so im disappointed but im also out there in the fight. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Theres a company thats talked than me jd power. People 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. Every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a companys growth and gain new perspectives. Thats why we go beyond the numbers. T. Rowe price. Invest with confidence. Thats why we go beyond the numbers. Wthats why xfinity hasu made taking your internetself. And tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. So while moving may still come with its share of headaches. No kidding. Were doing all we can to make moving simple, easy, awesome. Go to xfinity. Com moving to get started. Some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Connell here is a fox business alert. How about hp up 5 1 2 . Funny to see anything green today but hp here in afterhours has come out rejected once again a take over offer from xerox. It says it would step up its efforts to slash costs, buy back stock as it looks to rebuild. Investors like it. It called the xerox bid, quote, flawed and irresponsible, adding it would burden the company with too much debt. Again the hp shares up by 5 1 2 nearly in afterhours trading. We also have this, a tweet just in, give alerts from President Trump and, it is early Tuesday Morning in india where he is, he tweets the coronavirus very much under control in the usa. Were in contact with everyone, all relevant countries. Cdc and world health have been working hard, very smart. Stock market, the president said, starting to look very good to me. Melissa like a buy . Connell apparently. Melissa that is what i was say about apple. Find the hottest new toys for your kids. The new york toy fair is showcasing the newest items on the market but the coronavirus is threatening production from major companies. Lauren simonetti is at the event with details. Lauren . Reporter despite the excitement, the worry coming out of the new york toy fair is how the factories will produce hundreds of millions of dollars in orders placed this week. There is a real fear that dried up Production Capacity will render china unable to make toys for summer, for fall, even for holiday 2020. Toy store shelves could be empty for christmas because of coronavirus. The ceo of the Toy Association says supply chains are moving out of china will take time. I think 10 years from now half the production will be in china. It is largest toy producer in the world makes sense manufacturing will be there but africa and other parts of world rise . You will see manufacturing move. What went on with coronavirus Shows Companies they need to diversify. Reporter there are trends that are fun, that are happening, what are alive what are they, isabelle . Kid power toys. That put power of play in kids hands. He answers to trend in real life, all digital platforms leading the physical toys. Generations to play. Parents love to play with toys they played as a child, share them with kids. Nostalgic toys always want to make you play. Reporter youre favorite nostalgic toy . The viewmaster. Reporter which one is that . The one you have, the Little Things that you put reporter i dont remember the viewmaster. Melissa, connell, do you remember the viewmaster . Melissa of course, of course i remember the viewmaster. I had a very cool viewmaster. Connell the whole thing went to black after she said that. The whole thing went to black. Delivery war next challenge. They will talk about amazon. Amazon already scrambling to prevent the crown crone from hitting midsummer prime day event already. This is summer, remember. The Company Reportedly reaching out to Third Party Merchants about inventorrer to concerns about the twoday extravaganza. New york times story. Adam, the story to be thinking about if the times has it right with amazon . I had the same exact reaction as melissa did. Of course i remember the viewmaster. Melissa exactly what were learning regular consumers are getting a handon lesson what the Global Supply chain looks like. We think when we have idea for something we go to the keyboard and phone and order it on amazon that it comes tomorrow. That is how it works. That isnt how it works. Amazon plans months ahead of time with all the sophisticated commuter modeling, what will people want when . They need to go it to get it to procure in their warehouses. They are thinking about it right now. It is scary because they know that it will be difficult. Connell they keep fewer items in stock than average retailer which could make them a little more vulnerable. Speaking of amazon, i want to work a little politics into the conversation. Elizabeth warren targeting the company again, taking aim at seattle based amazon, when she was out in that area. They have been dodging their taxes. Here is Elizabeth Warren. Last year amazon and, hold on, eli lilly, halliburton, reported billions of dollars in profits and paid zero in taxes. Rich people and giant corporations ought to be paying their taxes too. [cheering] connell adam, for a company like amazon the prospect right now of and warren presidency seems very, very low but of a Bernie Sanders, at least nomination potential presidency where things might even be worse for amazon, that is not such a far off possibility. I wonder what theyre thinking about that . I woe broaden that. It actually gets worse from there. This is an area where populists on the left like Elizabeth Warren and Bernie Sanders and populists like President Trump agree with each other. Whether taxes, corporate taxes, whether about antitrust, whether one doesnt like the guy who runs one of the big ones, you can see how it doesnt really matter who is president. These companies connell who does trump say other than tweet about bezos to be fair . He doesnt like the guy. He doesnt like the washington post. Would it be worse for the business, if actions some of the democrats talking about in particular sanders were to come to fruition . I understand. Amazon alleged that the president got in the way of their getting a 10 billiondollar Cloud Computing contract with the pentagon. I think your point is right about a sanders or warren presidency. Im just saying it doesnt look good for these companies no matter what. Connell theyre not popular rhetorically, maybe with the contracts to some degree as well. Always good to see you, Adam Lashinsky out west. Melissa. Melissa joe bidens last stand. The former Vice President counting on major victory in South Carolina after finishing a distant second in nevada. Is South Carolina last chance to stop Bernie Sanders . Who better to ask than our own david asman. What do you think . Master of the last stance. I think bidens last stance and democratic establishment last stand. I dont know if you remember, melissa, we were together covering this four years ago, all the republican establishment figures said donald trump will never be the nominee of the republican party. Melissa i do. They wouldnt say it on air because they didnt want to be caught flatfooted, but they said it in the green rooms, said it behind the scenes. Of course we know what happened. It is similar, youre hearing similar thing with democrat establishment figures of Bernie Sanders, no well never have a socialist. Looking more and more like the big difference that donald trump was a vibrant capitalist, had a message to the people. He knew how to get message across to enough of americans or at least a plurality to win the presidency. That is something i dont think Bernie Sanders could ever do. With regard to the nomination, it is similar situation with trump not with regard to the general election. We were advertising betsy mack coy she is up in the 5 00 hour. Whether socialized medicine is one of the factors in the spread of coronavirus. Melissa interesting. You have in china, europe, where they have socialized medicine. We dont have as of yet, the wildfire spread of it were seeing overseas. Maybe because we have a private health care system. Melissa david, interesting. Cant wait to see that. See you at the top of the hour. Yep. Connell number of coronavirus cases surging across the globe as weve been talking about. If you have a trip planned should you still planning it . Should you still go . Well break down the risks of it coming up next. whistling whistling woman no matter what business you are in, Digital Transformation never stops. Verizon keeps business ready for whats next. man we weave security into their business. second man virtualize their operations. third man and could even build ai into their customer experiences. We also keep them ready for the next big opportunity. Like 5g. woman where machines could talk to each other and expertise could go anywhere. woman when it comes to Digital Transformation, verizon keeps business ready. Melissa is the coronavirus affecting your Family Vacation plans, it is prompting Many Airlines and cruise lines to cancel trips, and flights. Let me read you some questions, cruise, should i avoid a cruise . They dont have a lot of turn around time, weve seen so much sickness on the ship. Absolutely not, i would not let coronavirus change melissa really. 99 of my plan unless i was going to mainland china. They say, almost all their cruises are still a go. And cruises in asia make up a very small percentage. Everywhere else unaffected. Melissa okay. And in terms of deals, people looks to capitalize on this, some funny things, for example, someone on staff who is going to italy, Airline Ticket prices skyrocketed. You think it boi would be oppose they will go lower i dont know . Have you seen it . I am flying to milan thursday. I feel her pain, but i think there have been a couple cancellations and people fear is contagious, people are going to stock up on food at the store just like they might on flights, that has a lot to do with it, just fear and spreading of fear through mass media. Melissa nobody is going to china right now, the flights have been canceled. But if you look at end of summer to next year there are great deals for package trips, would you take the chance. Do you think things will be back to normal . I think there is a possibility it is hard to say, but, spring and early summer is peak travel season in asia, if you get a really good deal it might be worth the risk if you can get a refundable airfare and or package deal. Melissa if you buy refund you could check and see what it is like before you go. A big fear i hear is fear of getting back, not that they are afraid they will catch it, but they are afraid they will go and say you have have a fever or something you get trapped or quarantined is that fear justifyd. If i were one of those people stuck on a cruise ship in japan for a couple of weeks, i probably would have jumped off the lido deck. If you take a trip, have a little bit of adventure there is a little bit of intrepidness in it. Things will work it out, right now there is a little bit of unknown but i would not be too worried. Melissa all right and you so much lee. Thank you. Melissa would you go on a cruise right now. Connell im not a cruise guy to begin with. The last point, is to me is legit, the fear that closing down businesses, and getting people that is what is playing into this. Melissa paris i hear about that. Connell i get it parents that i hear. Connell i get it. Bulls and bears now. David markets rocked as fears of a global coronavirus pandemic wipe out this years gains for dow and s p 500, dow down ending down more than a thousand points, this is Third Largest point drop in history, second largest for s p 500, this is bulls and bears, thank you for joining us, i am david asman, joining my, steve moore, liz peek, Gary Kaltbaum and robert wolf. The selloff began in italian, there are now more than 200 cases of coronavirus and 6 deaths focused around milan. It is the business center. There are m
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