Power two nations has increased by more than 40 . India is now a major market for american exports and the United States is indias largest export market. A booming america is a great thing for india and is great for the world. And thats why we are so happy to announce that we have thanked the greatest economy ever in the history of the United States. Lou after the big rally the president and the first lady visited the taj mahal before traveling to new delhi where the president will be holding a News Conference tomorrow morning. The coronavirus has worsened in many countries and stock markets were rocked by fierce of that worsening pandemic. Health agencies have not officially labeled the virus to be a pandemic. But well call kit well call it what it is. A pandemic that has already hit 30 nations. The market cop los mark the s 1. 2 trillion dollars. Treasury yields plunging to new lows. The 30year yield reaching a new record low. Well have much more on the implications of todays major stock selloff and we will be discussing what we can expect in the days ahead with two of the foremost economists and friends of this newscast. A stunning error has bench revealed. Russias interests force in this years election. An intelligence official sells fox news there is no evidence that russia is making a specific play to help trump be rye elected in november. The intelligence official who briefed lawmakers last week may have overstated with the intel show. Just the latest blunder in our Intelligence Community saying President Trump is cleaning it up. The president s latest target is the foreign Intelligence Surveillance act, the very one used in 2016 to spy on his campaign. Deadlines for revisions of the fisa program were moved to march 15 of this year. But despite the department of justices Inspector General finding 17 times the fbi lied in one limited set of fisa warrant applications in their illicit scheme to overthrow President Trump. Not everyone seem to be upon board. The wal wall street journal ss officials are hesitant tomake changes to existing intelligence law. The attorney general scheduled to meet with senators tomorrow during their weekly lunch. The fisa renewal will reportedly be a topic of discussion. No public hearings, just another closed door meeting on capitol hill. This should serve as a reminder that the fisa courts themselves declared two of the five files a warrants against carter page themselves were invalid. The same court that denied only 45 requests of 85,000 made to them. Rubber stamp and political corruption. Not a great ask dpp ask be kp. So far we dont know if or how they responded. None of it has been made public. There should be no more in my opinion, no more reauthorization of the fisa court, no matter what the attorney general or the gang of 8 says until the American People have absolute assures that abuses of power like the ones against President Trump will never happen again. Joining us, congressman doug collins. Hes running for the United States senate in georgia. Great to have you with us. Thanks so much. Let me start first with the fisa courts. How the responsible leaders in the senate and the house and this white house and the Justice Department now insist on reform and not to reauthorization those courts until that report is implemented. This is terrible. Whats happening here. We set aside this continuing resolution so we can have time to take in the horowitz report, and the recommendations and give us time as a committee to look at this court to see what changes need to be made. Anybody who thinks there is not to be changes made here is not being honest with themselves. The problems we have seen in the last few years have shown we need to make major changes so we can make sure american citizens like carter page arent spied upon and we dont go after political campaigns. So this is something thats got to be done. But im so disappointed on my chairman. He was so focused on everything else, we have not had any hearings to move the deadline. The bill they brought forward does not provide the protection. We need to restore confidence in this system. To simply say this should be rubber stamped is a wrong idea. Lou i want to congratulate you for your leadership in trying to bring these abuses to the public and trying to get reform. You sent a letter to chairman nadler of the judiciary committee. Who im not sure what happens to my letters to chairman nadler. They dont seem to get responded to. I said we have to look at whats going on here. We hear people who are very concerned about the politicization of the Justice Department under President Trump and the longterm effects that had and the wonderful cabal with comey and strzok and page. They used a fake dossier. We need to look at this court and take it for what it is. That is a protection for the American People. Lou it stuns me that a. G. Barr is hesitant as he put it. He has very lit toll show the American People after a year as attorney general. What is he part of the problem now, whether its fisa abuses or general political corruption throughout the top of the fbi and the Justice Department . I dont think so. I was disappointed on the mccabe issue. I think he should have been charged. Lou so did the Inspector General. That would have sent a message to the American People that we cant lie to the fbi or law enforcement. All those folks are gone. We have mr. Durham out there who is looking at this. And he did take it to the farther step of including the Intelligence Community in that investigation. Im anxious to look at whats happening there. At what point do we say there is a problem. We are supposed to have a report as you well know. We still dont have any resolution on fisa. Instead we are getting noises like im hesitant when its clear and plain as it can be that we have a tremendous problem in the fisa courts as you have documented. And i mean, and we have got obviously we listened to Amy Berman Jackson in the roger stone trial. Obviously as politically biased as she can be. And still nothing. And we have at the same time the chief justice of the United States who is responsible for those fisa courts telling people, trying to shove pablum down their throats that there is no trump justice, there is no obama justice, no children upon justice, no bush justice. Bull, thats exactly what we are looking at here. Apoliticizeed court. I will understand if they want to make sure it doesnt hold up our true counterintelligence. But we can do that without interfering with our true intent of that court. But if we dont restore faith in this system, then the American People are going to look at it as the problematic problem it is with the president and others that they dont trust their own lives werent being surveilled because they dont trust the court that should be there to protect them. Its got to be done the right way so people can restore trust in that system. Do you think any american should trust those courts until they are reformed . And do you think any american is dumb enough to think that the same nonsense, be patient, wait for this, wait for that. I think its starting to be just a little bit of a strain on the gut. I think the fisa court, when they complained on what they found have come to the conclusions, my hope is, this is the week we have a chance to stop it. It shouldnt be rubber stamped. I think there has to be some real discussion about it. Im disappointed my chairman decided to mark something up without finding out the street results. I wont stop talking about this until we get some ream reform. Lou congressman doug collins. Hes a candidate for the United States senate and the great state of the georgia. Should congress refuse top reauthorize the nic the fisat until the American People can be sure they will never see kp ask another attack like thinking. Justice Sotomayor has found a problem with the Supreme Court. She has found problems with trump judges. Judicial watchs tom fitton will be here to straighten her out. The coronavirus spreading to pandemic levels. We are calling it a pandemic on this show because thats what it is. Dr. Anthony fauci joins us next. As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. 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Says there is only one mat may treat the virus and thats remdesivir. Joining us is anthony fauci. He is a member of President Trumps Coronavirus Task force and has been a source of medicine and reason throughout. As we sit here tonight, things are worsening in parts of the country specifically italy, south korea, and a couple of other countries. Your thoughts about where we are at this point. Who what you just said now is going to be the defining factor of what ultimately happens globally and to us in the United States. As we are starting to see a disturbing amount of Community Spread in countries like south korea, japan. Now we are seeing it in iran. And other countries. When that happens, it becomes much more difficult to essentially inhibited spread even more out of those countries. So ultimately the fate of what happens depends on the capability of these other countries in containing the outbreak in their own country. If they fail because of a lack of resources or because they get overwhelmed, then well have a real problem and we wont be able to do the kinds of things we need to to keep people out because you cant exclude essentially everyone. Lou one of the most Amazing Things to me in this crisis. A pandemic, i will call it that as a journalist, a pandemic that resulted in very few case gls this country to the credit of of our Public Health agencies and institutions like your own. And the president s task force. You have limited travel and it seems to be the principle reason we have so few. Is that correct . Yeah, i think the decision to do travel restrictions from china early on was, you know, a controversial decision because whenever you do travel restriction, there are always people who give reasons why thats not the appropriate thing to do. But it really did work for us. We had relatively few people who came in from china. And we were able to identify them. To do their isolation and contact trace. That put us a step ahead of a swarm of people that might have come in which would have made it very difficult for us to handle that. Lou amongst the other good news it seems to me is something we have that folk we havent focused as much as we should have, thats the number of people reof covering from this virus. That number is rising. 25,000. There are still 79,000 cases. But they are approaching a third recovery rate in terms of gross numbers. Shoe when you look at the total number of cases that have come to the attention of Health Authorities in chain a which overwhelmingly has the largest number of individuals. 7580 percent of them do quite well. Only 20 of them require the intensive hospital care thats need. People do well. Those who dont, particularly the elderly and people with underlying conditions, it can be devastating. Lou 2,600 people dead. The number, the mortality rate does not rise nearly to the level we were fearing initially to the sars mortality rate. And we have gotten reports out of china that the highest mortality rate is in wuhan, the epicenter of this outbreak. That is correct. There is no medical or physiological reason why something should have a higher death rate in a particular location except what we believe is happening is its so intense in wuhan that they are not necessarily counting many people who are infected and have minimum symptoms and dont get counted. So as a denominator of the equation is lower. You have a higher death rate. Outside when you have more opportunity to get a better grasp of the number of people who are infected, you are going to be counting people with minimum symptoms. So it will look like a more realistic death rate which is likely less than the 2 to 3 copping from the middle of the epicenter. Lou the antile viral vaccine. Is there significant progress the last week that you can share with us . There are a couple of Clinical Trials that could be initiated to determine if a couple of antiviral dugs could work. We may be able to have some have some benefit. But as i mentioned to you a few times. Vaccine is going to take at least a year or more before we even know we have a candidate that works. Lou im going to have to live with that. I still hope we can make it much sooner as i know you and your entire team do. Thanks for being with us. We would like to hear your thoughts. Share your comments. Follow me on twitter and instagram loudobbstonight. Congressman jim jordan, secretary of health and human services, alex azar among our guests tomorrow. Judge Amy Berman Jackson, she doesnt like roger stone, its pretty clear. Well take that up with tom fitton. More great poll numbers for President Trump. Well take it up with the political savant ed rollins next. With some homemade biscuits oh, thats so nice and a little tip, geico could help you save on homeowners insurance. Hmm cookies uhh, biscuits. Mmmm, is there a little nutmeg in there . Oh its my mums secret recipe. You can tell me. Its a secret. Is it cinnamon . Its my mums secret recipe. Call geico and see how easy saving on homeowners and condo insurance can be. Ill come back for the plate. Like a hybrid with best in class epa estimated range of more than five hundred eighty two miles. And ford copilot 360 technology to help you outsmart some of the things youll encounter on the road. With more available second row leg room than a chevy suburban. This is the completely reimagined, street smart 2020 ford escape. Instead of using aloe, this is the completely reimagined, street smart or baby wipes, or powders, try the cooling, soothing relief or preparation h, because your derriere deserves expert care. Preparation h. Get comfortable with it. [ ] lou more great poll numbers for President Trump and his reelection campaign. 65 of registered voters say President Trump will definitely or probably be reelected in november. The poll conducted among 10,000 registered voters. The margin of error 1. 2 . Thats the most impressive margin of error i have seen in a long time. Ed rollins, what do you think of that poll . I think its a great poll. They have run a Brilliant Campaign so far. The democrats go from playing miniature golf in New Hampshire and iowa, one week from tuesday you are going to have 16 states, california, texas, they are no more prepared for those races. Lou who is not prepared . Democrats arent. Lou wait a minute. You have got two billionaires. You have got senators. You have representation in Middle America . If the senators were billionaires. The truth of the matter is nobody will have money except bloomberg. Lou steyer is a mini billionaire. He spent 20 million on television in south carolina. Well see where he comes in there. Bernie sanders has a Grassroots Movement like nobody else has will be their nominee whether they like it or not. I think the realities, if they try to take it away from him, there will be a holy war with the young voters. Lou i am not as convinced as you are. This is Bernie Sanders on 60 Minutes Holding forth on his affection for fidel castro and cuban communism. Its unfair to say everything is bad. When fidel castro came into office, you know what he did . He had a moss idea ask literacy he has a massive literacy program. Is that bad . Bernie sanders is a guy who believe in himself. Lou hes defending communism. Has he been to cuba recently . Who he does not get where the country is, especially against a president who has moved the economy forward. Lou you say that hes not in tune with the country. When you are looking at 50 of hispanics in the nevada caucuses, 51 supporting him. When you are looking at basically all of the young votes going to one communist, socialist, who is 77 years old. Thats pretty stunning stuff. If you were giving everything out for free, they would love you, too. If you want free healthcare or free education. All the things hes promising we cant afford without resetting our priorities. We want to fight with rocks and bean arrows, thats what well end up doing. The ideas this guy coming in with these expensive programs without any means of paying for them other than i will tax the billionaires later. It wont work. Lou he didnt even have a price tag for half the stuff he says he wants to do. Maybe what we could do, what do you think of this idea. One of those dimms should be running on a real socialist campaign. The nba, professional athletes and major league baseball, everybody, they should start by make an example. Why dont they pay everybody the same . If they are socialists and they like left wing politics le bron james, even it out. I dont think hes going to work for the minimum. Think of all the basketball players you can feel. Lou ed rollins, good to have you back. Justice sotomayor. Tom fitton right after these messages. I wanted more from my copd medicine thats why ive got the power of 1, 2, 3 medicines with trelegy. The only fdaapproved oncedaily 3in1 copd treatment. Trelegy the power of 1,2,3 trelegy 1,2,3 trelegy woman with trelegy and the power of 1, 2, 3, im breathing better. Trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. 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In our judiciary today you have judges put politics before the rule of law and let their antitrump animus get in the way to the traditional approach to judicial decision making. You have local courts trying to run our immigration system and Justice Sotomayor would support that. So the idea she is complaining about politics is just rich. Lou judge Amy Berman Jackson, speaking of animus and partisanship, she is over the moon here against President Trump and roger stone. Why would there be any doubt whatsoever that he could have a new trial . To me this is such an obvious case of prejudice, i cant manage why it wouldnt be immediately successful on appeal. Well see how she rules. I didnt like her statements in the sentencing of roger stone citing evidence of criminality on the part of the president. She has to look at the box, whats in the box she has before her. My concern is the Justice Department hasnt taken any strong action on this issue of the juror who may have lied about her politics or involvement or activities regarding roger stone. You have the Justice Department pushing for the stone prosecution. Calling it i righteous prosecution. Having 6 or 7 different positions. Judges are going to do what they are going to do. But the Justice Department, thats the accountable branch most directly. And they are pushing hard on this abuse of stone and that needs to be the focus rather than the judge at this point. Lou lets talk about the obama deep staiptd covering for Hillary Clinton. Tell us about the judicial watchs discovery of emails that Hillary Clinton apologized to them for her private server. These are documents from the Justice Department and fbi. The strzok email is responding to concerns out of congress about the way they handled the Hillary Clinton interview. Strzok says she apologized and said she did it out of convenience. But that wasnt put into the fbis 302. So we have confirmation that the 302 is incomplete. Another reason for the Justice Department to reopen it. And to this day the Justice Department is still defending Hillary Clinton. Lou tom fitton means literally in court defending Hillary Clinton. A trail blazing mathematician. She helped it americans on the moon. You may snow Katherine Johnson better from the movie hidden figures. Johnson began working at nasa in 1953. During her time she calculated rocket trajectories and earth orbits for nasas early Space Missions including those hat needed to return the apollo lunar lander to space. Katherine johnson, 101 years old. When i was diagnosed with dupuytrens contracture, i waited to get treated. Thought surgery was my only option. But then i found out about nonsurgical treatments. It was a total game changer. Learn more about the condition at factsonhand. Com everything your trip needs, for everyone you love. Expedia. For everyone you love. The better question would be where do i not listen to it. While im eating my breakfast. On the edges of cliffs. On a ski lift. Everywhere. Download audible and start listening today. Lou a huge selloff on wall street. The dow falling more than 1,000 points. The nasdaq plummeting 355. The largest volume of the year. Crude oil closing up, 51. 60. A reminder to listen to my reports three times a day coast to coast on the salem radio network. Joining us is bill lee, chief economist at the milken institute. Let me start if i may, bill, with you. We saw 1. 2 trillion lost in the market today. It felt bad. It could have been worse. Whats your take from this runoff . Today the markets woke up with a vote of no confidence in the Public Health in italy and iran. We learned the virus has hit europe. Even though the chinese arent clear what the numbers are. One thing we can count on is the europeans and the regulatory process they go through wont be able to contain the virus. Thats what we should worry about. Lou the United States, the biggest markets, the biggest economy. We have the fewest issues in this country. Its amazing in terms of population how fortunate we have been. That health plan, there is a lot of worry about Global Supply chains. Whether the multinational corporations will be able to obtain the products theyneed for manufacturing. They do the r d and the business side of the stuff here in the u. S. But make the products elsewhere. Will they get enough product out of countries adversely affected by the coronavirus to hit their earnings targets . Lou its a vulnerable feeling to look at the Major Companies involved and see that they are not u. S. Companies. We have been told that globalization helps us specialize. When you Single Source something, you need to watch out. Because you will deem yourself in a position like this. We now discover that just as inventories can set back growth and trade, and thats something we need to adjust as trade policies go forward. Lou it seeser time business, Corporate America is overwelled by an orthodoxy, supply chains, drersified diversified. Sudden think thats not an advantage. This holds true with your investment portfolio and supply chain. Where you are getting Natural Resources from. The more localized your production is, the greater is the risk that something could go wrong and you wont be able to get the product or materials you need. Lou one of the issues is National Security. To have our first producing National Security products and services, for example, far suit cals that pharmaceuticals which are essential, its a real risk. The gillias drug, the chinese are discouraging its use because they are trying to push their own drug. Even when you have Development Work here in the United States. Its transmission to the rest of the world, we need to develop our own industries to develop the research and to manufacture the stuff en masse to benefit the people of this country. We used to have an incentive to manufacture drugs in puerto rico. We took that away and it hurt the puerto rican economy. We need to keep this close to home. Lou which is what President Trump has been preaching for four years. A year of campaigning and three years of running the country. Its an interesting moment in history. How is the market in your judgment how is it going to look the next few days . The futures markets are seeing the terms. People wake up and say there are some great valuations out there. Why should google suffer when it has no china connections. Why should microsoft suffer . I worry about that because its too soon. People have to digest where this virus is going and markets overreact. Lou im not waiting on the w. H. O. Any longer or any of these Government Agencies to tell me what to call this. This is a pandemic, and we are all adults. We dont have any hard evidence the pandemic is receding, we have to be aware of the risks we are facing. They dont have recent precedence. We have to go back to 1918 to find a and deputy i can that damaged. You make everything. Groovy. Done yet . Yeah, yeah, sorry, sorry. You sure . Hmm. Mmm. Come on, come on, wild thing. If you ride, you get it. Geico motorcycle. Fifteen minutes could save you fifteen percent or more. Well keep building smarter suvs. To help keep you focused on the road ahead. And. The road beside. Did we mention the road ahead. With an available best in class. Epa estimated combined fuel economy and the technology to practically park itself. This is the reimagined 2020 ford escape. From the International Fellowship of christians and jews. There is an emergency food crisis for elderly Holocaust Survivors in the former soviet union. 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Lou our poll question last friday. We asked, if radical dimms and the leftwing media will ever stop using unnamed sources to support their political agenda. 96 said no. Doug collins on the urgent need to address fisa abuses. If we dont restore faith in this system, the American People will look at it as the problematic problem where they dont trust their own lives arent being surveilled. We can do this. But its got to be done in the right way so people can restore trust in that system. Lou thats it for tonight. David a tectonic shift taking place in the democratic race. Socialist Bernie Sanders look to run away with the nomination after scoring a victory in nevada saturday. And polling in the upcoming super tuesday states showing sanders leading the pack. Moderate democrats are sounding the alarm saying he could cost the democrats the president ial race. This is south carolina. And we a