Backfire. It is tuesday, february 25th. Fbn a. M. Starts right now. Cheryl were a little shaken up after yesterday. Today is a new day. Welcome to fbn a. M. Good morning, im cheryl casone. Lauren its looking a little better this morning. Good morning to you at home. Im lauren. Cheryl lets take a look at how your money is moving on tuesday after the dow suffered the worst point decline in more than two years yesterday. We have green arrows this morning, dow up 55 in the premarket, s p is up 8 andahalf, nasdaq up 44. Lauren lets take a look at commodities this morning, oil prices are down, 51, 32 a barrel, gold is giving back 23 at 16, 53 an ounce. Yesterday was the highest settle for gold since 2013. Cheryl prices spiked on a flight to safety yesterday. Were seeing a bit of a loss on the yield but a slight loss, just point five basis points on the 10 year. Lauren japan is back open, the nikkei ending in the red, down 3. 3 today. We do see gains in south korea making a comeback there as well as in hong kong. Cheryl nice to see for the kospi there. Taking a look at germany after yesterdays 4 drop for that market, there is actually red arrows on the dax right now. As you can see, weve got red arrows for the ftse and cac as well. Our top story continues to be the coronavirus, the death toll from this outbreak has grown with more than 2600 people now confirmed dead, at least 80,000 confirmed cases worldwide including 53 now in the United States. Meanwhile, the fda stepping up to ensure the quality of foreign products by increasing inspections of all imports coming in from china. Lauren Aishah Hasnie joins us live with the latest on this deadly virus. Aishah, good morning. Reporter good morning, lauren and cheryl. Lets talk about the dow, recording the worst day in two years as the coronavirus spreads around the world. It dropped over 1,000 points monday, the third worst single day drop in history. The s p and nasdaq also falling by more than 3 . Dow futures suggesting markets will climb back up today. We saw the green arrow this morning, in part because of a potential new vaccine. A drug maker moderna shipped vials of the vaccine to government researchers and a Clinical Trial could happen as early as april. The white house is taking steps to stop a potential Global Pandemic risk, requesting 2. 5 billion from congress. Vice president mike pence says the administrations priority right now is the safety of americans. We immediately instigated screening at five major airports across the country. We required people to participate in quarantined to ensure that the coronavirus doesnt make its way into the United States. We first and foremost have taken unprecedented action to protect the health and wellbeing of the american people. Reporter thats what the vp says. Democrats, though, say its not nearly enough. House Speaker Nancy Pelosi slamming the president as hes overseas right now. In a tweet overnight, she wrote, americans need a coordinated fully funded whole of government response to keep them and their loved ones safe. The president s request for Coronavirus Response funding is long overdue and completely inadequate to the scale of this emergency, she says. Now, health and Human Services secretary will appear before the senate and the house this week, likely to face some questions on the money to be able to fight this outbreak. Right now, though, again, just a check on this, more than 80,000 cases are confirmed worldwide, lauren and cheryl, 2600 people have already died. Back to you. Lauren aishah, thank you very much. Two more major u. S. Companies are warning about the impact of the virus on their bottom lines. United airlines, that stock tumbling more than 3 yesterday, shares of mastercard plunging more than 4 and of course the cruise lines devastated yesterday as well. Cheryl well see how the stocks perform today. Now a fox business alert for you. Quote, the u. S. And India Partnership is stronger than ever before. That is from President Trump and actually he is speaking right now in india. Lets take you to some live pictures. He continues his twoday trip to india. We believe weve got live pictures. If not, we have kevin cork standing by live in new delhi where the president is right now and were looking for some pictures of mr. Trump. Kevin stand by now to President Trump. We know many of you have invested. We thank you. Thank you very much, mr. President. Youve made us even richer. But the fact is, other than yesterday, which was something pretty bad with respect to the virus and well see what happens. I see the futures are up today, up fairly substantially. But thats very serious thing but we think were in very good shape in the United States. Weve essentially closed the borders to areas where we had to close them and we had very few, we took in 32 people over the last two days because they were sick and theyre americans and theyre great people, you know, what are you going to do. Theyre in quarantine. But we had essentially 12 people, many of them are Getting Better now. Soon theyll all be better, we hope and were watching carefully so weve had a good stretch of lets just say were fortunate so far and we think its going to remain that way. Chinas working very, very hard. Ive spoken to president xi and theyre working very hard and you know anything about him, i think hell be in pretty good shape. Theyve had a rough patch and i think right now they have it it looks like theyre getting it under control more and more. Theyre getting it more and more under control. So i think thats a problem thats going to go away but we lost almost 1,000 points yesterday on the market and that is something you know, things like that happen. And you have it in your business all the time. Had nothing to do with you. Its an outside source that nobody would have ever predicted, if you go back six months or three months ago, nobody would haveeve have ever predicted. I think its going to be under control. I think for our country, for our country its under control. We do business with a lot of other countries. We take care, we work with other countries, we want other done troys be happy, healthy and well. Theyve got to be happy, healthy and well, its very simple. And so lets see how it all works out but i think its going to work out fine. I hope so. Were working very hard. Were spending a tremendous amount of money also on we asked for 2. 5 billion on getting everything ready just in case something should happen and also helping other nations that arent equipped to do it. With that, its an honor to be with you and if youd like to ask some questions and how much you should invest in the United States of america, ill tell you where to invest and how to invest. We did a lot of business with india where theyre buying 3 billion worth of helicopters, great helicopter, we make the best military equipment in the world, by far. And the Prime Minister actually said if you were president 30 years ago, wed have all your equipment but they started buying many years ago from another nation and others and now theyre starting to buy from us. So thats an honor. But were up to a pretty high number. Well be up very quick throw a pretty high number and we do make by far the best and they want to have the best so thats what we do. Thank you all very much. If the press wants to stay for a couple questions, you know, were going to be having a News Conference at 5 00, so you can go to that. Or you can stay and hear some of these questions from truly some of the greatest Business Leaders anywhere in the world. Now, if youd like to do, i could do this, steve, i could read the book for you and we could have a nice beautiful little speech and well take five minutes and youll fall asleep and they might find it interesting, i dont know about them, but you guys have heard it before. Please, if you have any questions, please. Okay. Lets go home. We must have done a very good job. You want to Say Something about the Energy Business . Please. I expect that very near future were going to have a new energy deal and so far [ indiscernible ] sounds nice. Sounds like a trump rally, actually. [ laughter ] were actually saying hello to the embassy people. In the last two years weve seen a remarkable uptick in the purchases of u. S. Oil and gas by india and when the president was elected in 2017 that number was approximately 25,000 Barrels Per Day of crude oil. It is now over 250,000 Barrels Per Day, 10fold increase, and we expect it to significantly get better from here. Its going up very, very rapidly. Thank you very much, dan. Really a great job. Where is robert . Yes, please. Id like to hear why some of these companies have decided to invest in the United States. Okay. Would anybody like to say . Go ahead, please. [ indiscernible ] good. [ indiscernible ] great job, yeah. [ indiscernible ] which to you is more important, the tax cuts, we did massive tax cuts or the regulation cuts . Both, both. Ive had a lot of people in your positions running the Biggest Companies in the world saying the tax cuts were very important but the regulation cuts may have been more important. Regulation cuts are more important [ indiscernible ] thats fantastic. Thank you. Thats great. I heard that you were doing that and i really appreciate it and ivanka appreciates it. She wanted to get 500,000 people jobs and if you know her, within about two weeks, she had that one done. And i think youre up to over 15 Million People being trained by great companies, some great companies, walmart was very much instrumental and some of the companies in this room. Yeah. Theyve done a great so its up to 15. I dont think government can teach jobs like that. In other words, you teach something and its complex stuff, government is not equipped to do that. We could put all the money we want into government to do it and theyre not equipped to do it so thank you very much. Thats fantastic. Great story. Thank you. Yes, sir. Mr. President , you talk about regulations, i want to confirm that [ indiscernible ] we invested 1 billion and right now were on the short list, a decision could come by the end of the year. If that comes through, we will happily put in another billion. Very good. Youve done a great job. So when are the bids due . When are they due . Were told sometime around august. How many vans is it that youd be making . About 180,000. Wow. Thats a big business, isnt it . We were told that [ indiscernible ] thats right. Guess who makes right hand drive diesels. Well, good luck. Thats great. Thats good luck. Yes, sir, please. [ indiscernible ] venture for new drugs for therapy. Sure, sure. Mainly on the healthcare side, how do you see Companies Like ours [ indiscernible ] healthcare is very important to the republican party, i will tell you. We havent been talk about it, weve been doing. We got rid of the individual mandate which was a disaster in obamacare, which ended obamacare. Were taking the shell of obamacare and really running it well. I had a choice, i could run it well or i could run it poorly. Then everybody would be upset and theyd blame president obama. We decided to run it well. But we would like to terminate it and put in great healthcare. We can do that. When you look at single payer, when you look at what byrn berne sanders and others want to do for the democrats, its not going to work. Its not going to be good even if it did work and its going to be totally unaffordable. Ive been pretty good at markets. The fact that theyre even looking like theyre in the hunt i think drives our stock market down. When we win reelection, i think we will, when we win, i think the markets going to go up, its going to be like a rocket ship, like last time, but even more so. I think the fact that the democrats are so radical, so out of control, they honestly dont know what theyre doing, you see whats happening, they want to tell you about healthcare and yet they cant count their own votes. Now theyre even saying that if you look at nevada, and thats all messed up with the vote count and some of them are questioning the votes but certainly iowa, ive never seen anything like it and ive been watching politics for a long time, been involved with it now for a while and ive never seen anything like it. But i think the fact that theres an election coming up, i think a lot of people think were going to win the election. I feel were going to win the election because what weve done for jobs and for the military, for the vets, what weve done for healthcare, what weve done for healthcare is incredible including giving options to obamacare at a far less cost, a cost thats much less. But if you look at all of the things that weve done, rebuilding our military, the biggest tax cuts in history, regulation cuts, that brought all you people thats why youre in the United States and youre very happy and youre going in with more. But i think until the election is over, people and its not just bernie sanders. Its others too. I think if people thought that there was a real chance of them getting it, it really is going to keep the market down. The markets been up 7o 80, 90 , you can look at 16 different definitions, but the countrys been incredible. It had one bad day, that was yesterday. Futures are up today a little bit. When you look at what weve done in terms of the percentage, even taking 1,000 points off, the numbers are incredible. If the other side had gotten in, i think it would have been 50 or 60 points down from where it was. Because the big thing, again, these regulation cuts, they were going to put more regulations on. You were being strangled, whether the keystone pipeline, Dakota Access pipeline, 48,000 jobs between the two of them, nothing was getting done, nothing was going to be built. It would take you 20 years to get a highway approved, take you 20 years to get a roadway approved and it was out of control. We have that way down, that number is way, way down. And they may not get approved because if it doesnt work from a safety standpoint or an environmental standpoint, we dont want to get it approved either. Were not going to let them have it approved. Its going to end up taking two years, were trying to get it down to less than that. If it doesnt work, at least youre going to find how about working on something for 21 years and you find out it got rejected. Half of your working life, of course nowadays with people retiring so early its more than half, right, but half of your working life youre trying to get an approval. And then after 20 or 21 years, they reject you. They reject three to two. That happens. So weve done a real job. But i think that frankly until the election is over, our market, its phenomenal but our market will jump thousands and thousands of points if i win. If i dont win, youre going to see a crash like youve never seen before. I really mean it too. Okay. Anybody else . Yes, sir, please. [ indiscernible ] i actually follow you guys, what youre investing. [ indiscernible ] that was one of the things i said. I pot little note in handwriting, you have to make the pipe in the usa, right. They said sir, this will take two weeks. I said no, it doesnt. We had a little problem because they already bought the pipe than was a little bit unfair to them, i thought. So we had to sort of let them do what they had to do. But they had bought much of the pipe and Dakota Access pipeline was already built except for the one rifer are aver car rivert i freed up for them. Thats great. Is that what you do . [ indiscernible ] thank you very much. Thats very nice to say. I appreciate it. Thank you for the investment. Yes, sir, please. [ indiscernible ] right, i know that. Yeah. Some of the regulations have to go through what they call statutory process where you started to cut we have the secretary of commerce here and wilbur knows exactly what this is all about. You have a statutory process, so were going to cut regulations but we have to give a 90 day notice, then we have to give 120 days, then we have to give 30 days. Were in that process right now with respect to a lot. Were going to cut a lot more regulations and were going to also have regulations. You need regulations for safety and environmental. No president has ever cut anywhere close though what weve done and ive done it in three years and some of them have been for eight and in one case more than eight. No president has come close. But we are in statutory environments where we have to gowe have one where we have to wait six months before we do phase two and theres four or five phases and theyre all in a pipeline to get cut and theres a certain period in about seven or eight months from now where a lot of them are going to be gone. But we go through the process. But youve seen a big difference. Thank you very much. It will only get better too. Yes, sir, please. [ indiscernible ] yeah, big one, 7 billion. Big one. [ indiscernible ] right, exactly. [ indiscernible ] s. Youre doing 4g. Are you going to do 5g too . [ indiscernible ] huawei. Thats good. Good. Put a bid in. I have to thank you for your leadership, not only like for what youve done in the u. S. , in india we would have never imagined the income tax rates have come down in they followed us. All of us in the Business Community are grateful and i think that [ indiscernible ] right, right. Theyre getting approved a lot quicker. Theyre getting approved. [ indiscernible ] it will be as long as im here but if the wrong person gets elected that wont happen at all and everything will come to a halt and your Unemployment Rate will go up to 8 or 9 or 10 and a lot of bad things will happen and that it is holding back, theres no question about it. I mean, i think were favored to win, somebody said 65 . But 65 means theres 35 of something that people dont want and it would be devastating because the economys never been as good as it is right now. Its being held back by the that we have an election coming up. I dont think theres anybody on the other side thats going to be very inspirational. Certainly doesnt look like it. So well see what happens. Great job youve done. Fantastic. Yes, sir, please. [ indiscernible ] how much . [ indiscernible ] 70 what . [ indiscernible ] its nice when you can say thats a small company. [ indiscernible ] its a great state. Those people are incredible. [ indiscernible ] theyll get that done. So you deal with the governor . The governor, hes a great governor, actually. Hell get it done. Good, thank you very much. Thank you. Yes, sir, please. Thank you for the opportunity, mr. President. We made two acquisitions in the u. S. , about 12 million. The First Company is called novelis. Yep. [ indiscernible ] mostly aluminum, mostly aluminum. How is that going . Hows it all going . We helped you a lot, right, with the tariffs. [ indiscernible ] zo good. Yeah. [ indiscernible ] you got to very quickly. If i werent elected the aluminum business in the United States would be absolutely dead and the steel business would be dead too, frankly. They were dumping steel all over the place and bad things were happening. It wasnt good dumping, it was sand steel, it was garbage. We got it straightened out. The aluminum business has made a big comeback. Thats good. We also have a company by the name of colombian chemicals, the largest producer of [ indiscernible ] your total investment was 12, did you say, 12 billion, thats a big investment. Thats a big investment. Thats good. Thats good. Big. [ indiscernible ] and it means jobs. We just signed a deal with china and theyre going to be spending 250 billion a year now on our country, 50 billion will go 40 or 50 will go to the farmers for the purchase of farm product but chinas been its going to be a great deal. Were very happy with it. Theyre going to take care of their other problem i hope quickly. Its going to be an amazing deal. Thank you. Great job. Yes, sir. [ indiscernible ] good. [ indiscernible ] thank you. Great job. I know your company. Great job. And you know, we now also have it so money can come in when your moneys offshore, you can bring it in, before it was impossible virtually. Both bureaucratically and the rate was so high, nobody would pay it, so nothing came in. Now we have billions and billions of dollars. Apple is bringing in 350 billion and theyre building plants. A lot of things are happening. Great things. Thank you very much. Please. [ indiscernible ] yes. [ indiscernible ] great. Great job. I know what youve done. Great job. Thank you. So i want to thank you. Go ahead, lets go. I was just going to say get out of here but Everyone Wants a question now. Theres a young brilliant business man. Go ahead. Thank you for the opportunity. [ indiscernible ] a young startup. We came to the United States less than a year back. [ indiscernible ] thats fantastic. [ indiscernible ] is that where you invest, those areas . . How many hotels do you have right now . [ indiscernible ] thats fantastic. That is really great. I actually know of your company. Not such a small company, by the way. Good jube. Thank you very much good job. Thank you very much. Please. Well do one and one, okay. Go ahead. [ indiscernible ] this one is a big one, right . This is a big guy, this is a big player. Go ahead. I know him very well. Ive seen him on enough covers, i should know him. Right . Go ahead. Hows it going . [ indiscernible ] three years ago it was just the opposite, it was one of the worst countries to do business in. You couldnt get approvals. You couldnt get anything done. You were sued for environmental reasons, not because of the environment, just because it was a way of stopping a project that would produce jobs. And im a big believer in the environment and i want to take care of the environment but they were just using the laws and we dont let that happen anymore. But if its something that is wrong, you know better than anybody, we stop them from doing it. But youve done an incredible job. And the Steel Industry was dead in our country and we need theres Certain Industries you can do without to be honest with you, Certain Industries, we can name a lot of them but steel you need from a military and aluminum you need, youve got to have the aluminum but steel you need probably more than anything else, you have to have it and the job youve done is incredible. Biggest in the world by far. The job youve done is incredible. [ indiscernible ] good. Thats great. [ indiscernible ] good. You let me know, ill be there for the groundbreaking. No, thats a great i know youre looking at alabama, right . I had heard that. Thats great. For a very thats a big plant and thats going to be the super efficient, super modern, thats going to be a showcase, i hear. [ indiscernible ] [ laughter ] no, but people know about that. Thats a great thing for alabama and its an incredible place to invest. [ indiscernible ] well, we are doing things. One of the things were doing, were going to be announcing another tax cut in not so long a period of time, largely for middle income people. Because we gave them a good tax cut but were going to give them fairly substantial cut and that gives a lot of money to the consumer. One of the reasons were doing well and other countries are not doing well, chinas having a hard time, theyre all really not too many are doing well. Were doing better than anybody in the world by far is because our consumer is rich now because of what weve done with a lot of things, jobs, but also tax cuts. They have money. And other consumers dont have money. So thats great. Thats really its an honor to meet you again and it was good seeing you there and i look forward to seeing that plant go up but i think youre going to probably be doing numerous plants in the unite united stat. [ indiscernible ] right, right. [ indiscernible ] you gave them the bonus, you gave them a piece of the cut and the rest went into investment. No, its a great thing. Thank you very much. Thats beautiful. Thank you. Okay. Final question. Go ahead. Go ahead. Weve been in the u. S. For 35 years, we made about 25 investments, 5 billion. Good. [ indiscernible ] farmers really suffered and i think theres a lot of excitement. Yeah, there is. Help us grow our business. They were targeted. Im not blaming china for that because they want to try and win something and they were targeted and i made up the difference, as you know, with the tariffs. That came from china. They got targeted from china and then i took money from china, gave it to the farmers. And frankly, they didnt want it. They just want a level playing feevmentd theyre incredible people but they did well, now theyre really doing well because youre seeing the numbers coming out and its going to be something very special. Not only that, we have 40 billion coming in from japan. We have a tremendous amount coming in from the new trade deal we made with south korea and then canada and mexico are going to be you know, the deal is fantastic for our farmers. This is thats right, i mean, thats right, in the truest sense. [ indiscernible ] and you have good new head of the world bank too. Hes one of our people. [ indiscernible ] oh, yeah, yeah, sure. That definitely. You said the world bank. Thats right. But that also. Listen, i want to thank you all. Congratulations on your success. We hope you come to the United States, invest more billions, because i view it not as billions, i view it as jobs and we have great people and we have the greatest country in the world, in my book. And by the way, india, this has been an honor to be here and you have a very special Prime Minister. You have somebody who is very special and he really knows what hes doing. Somebody said hes such a nice man, i said, well, actually hes a very tough man. Hes a nice man, he can be. He can also be as tough as they come. Hes done a fantastic job and we work closely together. We create jobs here and he creates jobs over there through yourselves. Anything we can do, let us know. Congratulations on your success. Ism going to say hello to all the people that work at the embassy and then well have a little News Conference, unless you guys dont want to do it. Maybe we dont have to do it. You could just see them saying no. Last time i met many, many Prime Ministers, president s, for three days, i said lets cancel the News Conference because i saw these guys every 45 minutes and when i canceled the News Conference all hell broke out. So were not going to do that. So 5 00 well see you at 5 00, okay. Thank you everybody. Great honor. Thank you very much. Cheryl President Trump hosting in new delhi at the u. S. Embassy a business round table, meeting with many teeders from technology and energy, infrastructure, Drug Companies in india. Kevin cork is live in new delhi right now, he has been standing by, listening to the president s remarks to the business round table. Kevin, your thoughts on this relationship and the forging between india and the United States and business . Reporter listen, wideranging conversation, right. Weve anticipated the president would do that. He has a propensity to do this when he goes internationally, he likes to talk, he wants to engage with the group. He wants to make sure that hes not only answering questions that might be a little bit lets just say offtopic for a general News Conference but he also wants to help promote the american brand and i found it very interesting, he talked about regulations, tax relief, the stock market, innovation, the importance thereof, you and i have talked about that at length. What really struck me was in addition to celebrating once again our relationship with india, he talked about government run healthcare. He talked about tweaking obamacare, losing the individual mandate and i mention that because in this political season he also talked about single payer, that is a medical plan being promoted by the democrats current frontrunner, that would be bernie sanders, the senator from the great state of vermont. Very interesting to hear the president s comments about all that and other topics. I was left with this main impression. Number one, america is open for business. Number two, there is a lot more that we can do as American Business as american Business Community to invest in india but also encourage them to invest in the u. S. And i think number three, he has a very strong relationship with the Prime Minister. Well see if that strong relationship will help them move forward in a trade negotiation. Back to you for now. Cheryl kevin cork, thank you so much for standing by, live from new delhi for us. Lauren lets bring in david deitz, chief investment strategist at point view Wealth Management to talk about what we heard. There was a blood bath on wall street yesterday. Dow futures are down 12 points each after the president said coronavirus i think its going to be under control, the u. S. Economy has never been as good as it is right now, tax cuts, theyre coming. Yet dows down, s p barely higher. Theres a couple things. First of all, President Trump has a tough job here because on the one hand hes got be on the case, but sometimes the fear of the spread of the virus is worse than the virus itself. For an example, lash lauren, ths been about 2700 People Killed worldwide, mainly in china, but 60 people i dont know people are locked down. We dont know if that makes a difference. Lauren you thinker the march you think the Market Reaction is only coronavirus fears, you dont think its anything else, a weakening consumer, the investment cycle drying up . Its never just one thing. The fixed income market, the yields have been going down. Reflecting economic weakness. We know even before the coronavirus the chinese economy, the second largest in the world, has been slowing, europe is stuck in the mud. Thats been weighing on us. Of course, whats carried our market this year really has been the technology stocks, the top six and so forth. I think the catalyst to what happened yesterday was actually apple, late last week, finally admitting that not only were their manufacturing closed down in china but the iphone sales over there were slowing down. Thats our number one company. What are we going to do . Lauren supply and demand, especially with apple. How encouraging is it to you that the president is developing this strong relationship with india, visavis china and all their problems . Will india replace china as a trading partner . Hes right on the mark for a number of reasons. One, hes given high marks to the domestic economy, foreign relations, theres question marks. The fact hes over there working with the second most populated country in the world, i think its critical. Also of course, weve had hiccups with the boeing issues and to get some business for the other defense companies, i think thats excellent. Lauren thank you very much. Cheryl more coverage of President Trumps india visit and democrats go head to head tonight in South Carolina, what you can expect when fbn a. M. Returns. Lets get down to business. The business of hard work. Hustle. And high fives. Modernized comfort inns and suites have been refreshed because our business is you. Get the lowest price guaranteed on all Choice Hotels when you book direct at choicehotels. Com. Lauren expedia tightening the both. Cheryl big changes there. Tracee carrascos got that story. Tracee the Online TravelCompany Reported lay cutting 3,000 jobs, including 500 at the headquarters in seattle, thats about 12 of its workforce. The streamlining comes after a disappointing year according to an email to employees. Expedia shares took a beating, falling 6. 5 . It doesnt appear the cuts are due to coronavirus concerns. Well, fish battling it out in the latest fast food war. White castle taking a chance on lent to bring in new business, adding limited time options to its lineup, offering crispy breaded fish sliders along with shrimp nibblers, taking a swipe at mcdonalds. If you would rather indulge your sweet tooth, youll flip for this, ihop giving away a free short stack for every customer and the chance to win free pancakes for life. They hope you will pla pay it forward with a donation to one of three charities. Ihope hopes to raise more than ihop hopes to raise more than 4 million. The 1980 u. S. Olympic hockey team is still making headlines, one of the teams gold medals bringing in more than 300,000 at an auction. It was the matchup right before the end that we remember, thats when team usa beat the soviet union, the most powerful hockey team at the time, earning the tag, miracle on ice. Lauren and the best movie ever. Cheryl and a great movie. Thank you very much. We have a lot going on, Democratic Candidates are gearing up for tonights debate, the last before the South Carolina primary which is saturday and then its super tuesday. Michael bloomberg is looking to improve his performance after his debate debut in las vegas. What can we expect from him . Lets ask republican strategist sean thomas and democratic strategist, laura fink. Laura, we talked about this, that bloomberg had a rough, rough time in las vegas. He has been off the grid. We really havent seen him. Do you think hes ready . You know, we will see. Theres no telling at these debates, theyre always a bit of a surprise. His sights are trained on sanders and hell be on offense at the debate. The thing that will be on the debate stage tonight is trumps record and we heard him talking about it for several minutes while you covered the live feed and the reality is, 845 billion in cuts to medicare and Social Security and his record on healthcare more broadly by going to court, trying to take away peoples preexisting condition coverage. I think it wont just be sanders and bloomberg on the menu. Donald trump will be there as well. Cheryl and joe biden, Pete Buttigieg might show up. Im joking. Bernie sanders comes out, he tells us how he plans to pay for these multi hundreds of billions of dollars of plans hes proposing. Hes going to raise taxes, hes proposing cuts to the military. I mean, this is somebody that is antibusiness and yesterday was a tough day for the markets but we had records last week. Bernie sanders seems to be the antibusiness, antiwall street candidate but if hes the democratic nominee, thats good for President Trump, i would think. Well, it is. I mean, even President Trump did say in his Business Roundtable there is a 35 chance that somebody other than trump does get reelected. You have to take the nominee seriously. Bernie locked onto something which i call him a grievance candidate, railing against wall street and the big banks, very popular with certain segments of the Democratic Base that might propel him through a primary. Cheryl, i dont see that brand of socialism and bigger government selling in those key electoral states in a general election. Cheryl at least Pete Buttigieg is proposing to get rid of the cap on the salt deduction. I want to ask about joe biden. He had been calling South Carolina his firewall. Hes backing off of that now. A lot of people are saying that biden has lost too much ground. Your reaction . Well, hes still in the lead in the polls. Well see if its going to be his firewall or his waterloo. And frankly, all of the Democratic Candidates right now as we move forward are on the chopping block because the split field has really benefited bernie sanders. And with no candidates dropping out, continued surges by different candidates at different times, theyve remained viable going into super tuesday. That is a massively expensive day for campaigns and so i imagine that the field will narrow after the super tuesday election. Cheryl yeah, yeah, i think i agree with you, laura. John, laura, were short on time today. As you know, the president took up a lot of the show. We appreciate you standing by and sticking with us. Thanks, guys. Thank you. Lauren lets take a look at your money, after a blood bath for the markets yesterday and some of the major averages turned negative for the year, dow is down 6 points this morning, s p up not even a point, nasdaq up 3 andahalf. Cheryl we have new records on the dow and s p, just last week, its crazy to watch. President trump continues his india trip this morning. We are going to take a closer look at the newest trade deal, thats coming up. Theres a company thats talked to even more real people than me jd power. 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. 1 in 3 deaths is caused by cardiovascular disease. 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What will you change . Make the world you want. Lauren breaking never night, President Trump says india will buy equipment from the u. S. Including helicopters, the president announcing deal on second day. We have tori smith. Were you hoping bigger trade deal with india . The deal is on the Security Side of the relationship. There were rumors that we might have bilateral deal between u. S. And india as trade Preference Program benefits for india, unfortunately that seems to have fallen for the moment and this is really characterized to the fact that ambassador Bob Lighthizer is not on the trip. Cheryl one of the key things that we got out lockheed martin, to agreement to buy fighter jets, the potential sale is quite for the Business Community in general. Absolutely, it should not be discounted whatsoever but this really has nothing to do with the broader trade tensions between the u. S. And india, in regards to things like agricultural barriers to entry, high tariffs on Harley Davidson motorcycles and Investment Barriers as well as intellectually property issues. Do you see impediments because of this warm and welcoming relationship between modi and trump, do you see them coming down and maybe we could be in a position to forge a bigger deal in the future . Hopefully, trade with india is always difficult because of the high barriers to entry there, its just a relationship that needs to improve over time and can be fixed overnight, hopefully we will see some resolution, but really the most important thing that we want to see a resolution where india gets their preferences, tariff preference benefits reinstated because it represents billions of dollars worth of trade and import from india annually. Cheryl also, tori, a big topic over the last 2 days thats public or not has to be china, india and the United States they do share concern about domination of china on the global stage and with the coronavirus such a big story, obviously theres bigger concern about the fact that you have so much manufacturing based in china, i think this is good for india, what do you say . Well, i think the longterm effects to have coronavirus issues are to be seen, theres definitely a slowdown in china related to this and we will see what comes in the future, in the men time they phase 1 deal with china is Going Forward as planned at this point. Lauren what about phase 2 . Phase 2 is to be seen, we are locking at 2021 before we see movement on that and china delayed in abilities to negotiate phase 2 with the virus outbreak. Well, to your point, secretary mnuchin was in riyadh, at this point phase 1 would not be affected by the coronavirus. Phase 2, give us a few weeks to figure out where this is going, i dont think they know. I think thats correct and really the positive thing here is that we have a cooldown on u. S. China trade tensions which is great for americans and the prospects for positive relationship in future. Lauren tori, the tariffs with china and coronavirus, if they were thinking about moving a supply chain out of china, does that happen now particularly because of the virus . I think these are longterm plans that have to happen. We have Seen Movement to Southeast Asia and maybe south america, mexico and some back to the United States. I think that youll continue to see the trend happen and that is related to the trade tensions and probably not as much related to coronavirus, i would imagine the companies are probably thanking themselves for making the decisions earlier, though. Cheryl tori, thank you for standing by this hour. Appreciate it. Lauren mornings with maria start now. Maria happy tuesday, thanks for joining us, it is tuesday february 25th, top stories right now before 6 00 a. M. On the east coast, wall streets wild ride, markets are searching for direction but we are essential looking at stability after yesterdays significant selloff, dow futures up 29 points, nasdaq few hours up 17 and s p futures up 4 points, the coronavirus fears steals the Global Market selling off, the dow plunged 1,000 points, the worst day for the market in 2 years, dow industrials down 3 and a half percent. The nasdaq yesterday down at 355 points. 10year treasury, settling at the lowest in 2016 at 1. 32 . The Trump Administration is asking for 2 and a half billion dollars to fight the deadly outbreak as 80,000 people infected with the virus worldwide, we will tell how its attacking the human body this morning as the administration at the omb for supplemental money to attack this, President Trump on the world stage this morning, commander in chief holding a press Conference Today in about 3 minutes time live coverage of the president s address right