The tape that 83 people in long islands Nassau County are being monitored now for exposure to the deadly coronavirus. Now weve got multinational corporations today from nestle to ericsson asking employees to work from home or skip traveling all together. The dean of the Miami Business School who ran the China Europe InternationalBusiness School is here in a fox business exclusive on how he sees the economic and business spending impact affecting some of the stocks you own. Our power panel is here as well to tell you whether you should buy china during this outbreak. Yeah, there are some chinese stocks you should be scooping up. Plus disney investors asking themselves how a low profile dark horse executive suddenly grabbed the reins of the mouse house. We are about to tell you how he did it. It is a classic tortoise and hare story. Wait until you see what the hare brings to the csuite. Plus, bitcoin dropping below an important key level. Luxurious stock picks to make now. And charlie breaks it on Goldman Sachss big hunt for what . He will tell you. Less than an hour to the closing bell. Lets start the claman countdown. Liz breaking news. We are going to show you what is a live picture of new york city mayor bill de blasio having a News Conference, where hes outlining the preparedness of new york city for the coronavirus. We want to stress there are no confirmed cases in new york city right now, nor in counties next door. But just north of the city, Westchester County has eight people under quarantine and east of manhattan on Nassau County, long island, 83 people are being monitored because they just visited china recently. We are following this very closely but its getting closer and closer to home and whats most important, certainly, is the city certainly here in new york and perhaps where you live making some plans for preparedness. I do, as we look at the dow down 118 points, want to tell you this is just hitting the tape. Norway has just confirmed it has one resident infected by the coronavirus. It is the countrys very first case. That in norway. Even as the markets lose their grip on their mojo, tj maxx parent tjx hitting a record high after reporting strong earnings, also raising its quarterly dividend. The stock is jumping 6. 5 . Tj maxx did admit something we havent heard about in awhile. The discount apparel giant revealed its seeing just a bit more pressure from tariffs. The pressure is off. Short sellers of smile direct club grinning ear to ear watching their bets against the teeth Aligner Company pay off again. That stock is plummeting 29. 5 , 3. 34 to now just 7. 99. An Analytics Firm saying bullish investors earned profits of more than 115 million as the stock sank following a revenue miss. Wall street immediately followed with a flurry of price target cuts. The rating karate chopped from buy to hold on smile direct club. Despite solid new and existing home sales reports, housing sector names seeing double trouble. Home builder Toll Brothers disappointing investors with its First Quarter numbers and its full year guidance. That is also a problem. That stock is falling about 13. 5 . Then the company that helps build some of these homes and fix them up, lowes, dropping to a threemonth low, down 4. 75 after missing on same store sales and also giving a weaker than expected forecast but saying dont worry, the Strong Spring selling season will come back. Bitcoin, lets get to this, it is now fallen below the key 9,000 level. We know there are crypto haters out there. They are gaining strength as the Bitcoin Futures are shaving about 5. 75 off of this cryptocurrency. We are looking at 8,895 per coin for bitcoin. Following two days of a combined 1900 plus points in losses, countdown noticed that it kind of looks like investors are very delicately picking up some beaten down but best in class names. We thought lets show them to you. Because there might be a message here. The baristas of luckin whipping up gains, recovering at this hour after taking quite a coronavirus beating. The stock is up 3. 25 . Remember, multiple stores were shuttered and the fear does still remain that the pathogen will hurt sales growth. This is sort of chinas version of starbucks. While shares are down some 20 after hitting a 52week high, back on january 17th, they are now up 1. 21 to 39. 42. To the chip maker sector. This is amazing. Just a day, one day after nvidia was cut from neutral and david wong downgraded the tech giant titan to reduce overestimated risks from coronavirus i cant speak nvidia is rallying now. A nice move of about 2 . It has erased some but not all of the 9 in losses that it has suffered this week alone. Can we get to the fangs. Talk about a silver lining. Netflix is charging higher by about 4. 75 . Heres why. Some analysts believe the streaming giants new subscriber numbers will rise because of the coronavirus. If the Virus Outbreak worsens, the analysts believe that will force people to remain home, stay indoors and now from these healthier looking names, heres what we started to think. You may wonder, did we really hit the bottom yesterday of the selloff. Well, take a look at this. As of right now, the markets are pricing in a 79 chance that the Federal Reserve will cut rates in june. That is up from just 30 one month ago. So lets get to floor show traders. Guys, is the fed pushing the punch bowl closer to the thirsty masses just as this thing might be bottoming if you look at those best in class names we just showed you . Teddy . Im not sure what the fed will do in june, liz, and clearly the market short term is probably oversold, if not very oversold, but they are not ready yet. Stocks will tell us when they are ready to do better. You have a couple names that are kind of fighting the trend but as long as we are dealing with all these large unknowns, the markets can deal with bad news, they certainly can deal with good news, but these unknowns are really problematic for the markets. We need a little clarity on this whole virus thing and perhaps less negative headlines, if thats possible. The market will get its legs some place. Im not quite sure were there yet. Liz phil, we couldnt hold the bounce. At least not the dow or the s p. And the nasdaq certainly is touch and go at the moment. Its up just about 12 points. Look at the russell. These are the small caps down 1. 25 which is a bigger chunk that has been slashed off here. Then you got to look at the vix which is up about 2. 3 , on top of major gains over the past two days. Give me your sense of whether you are starting to see some, as i put it, delicate stock picking just as some of the dust, not all of it, some of the dust begins to settle . I think we are, i think we will see it. I talked to Chris Robinson before i went on air. He said we are so close to the 10 correction. Traders do listen to that. They are also going to listen to the two year yield which basically is well below the fed funds future rate right now. Thats already signaling not only could we get a rate later, they are even increasing the odds of the possibility we could get a rate cut in march. Its still long odds with 39 , you know, pretty impressive when it was basically zero just a few days ago. You know, i will tell you what, you look at whats happening here, a lot is going to depend i think on President Trump tonight. Look at that tweet, you know, he did today. It caused a huge rally in the stock market, saying hey, listen, things are, you know, under control, we are a little bit concerned about the fake news that we are panicking too much. I dont know if we are or were not but this is going to be a big speech or a Big Press Conference with the Health Officials to try to bring some calm in market. But you got to go back to history, right. We have been through these things before and we have a tendency to way overreact to them. This time could be different but from a technical viewpoint, it probably isnt. Liz well, all of these Infectious Disease outbreaks, if you look at them from the past, about half a year to one year after they calm down, boy, does it look like a buying opportunity there. We are watching it. Please stand by because we may need you back as we are watching the dow. Down about 99 points. A little bit of a comeback here. We are seeing the first cases of the coronavirus officially confirmed now in pakistan. The country of georgia and just moments ago as we mentioned, norway. The virus and its lethal tentacles spreading far and wide, impacting a growing list of publicly traded stocks. United airlines and American Airlines as well as all three of the markets top cruise line stocks are now extending their losses. They are hitting fresh multiyear lows at this hour. Norwegian cruise lines down 6. 75 . Royal caribbean down call it 7 . Carnival, of course, that had the diamond princess that was totally quarantined off the coast of japan, now down 7. 25 standing at 33. 23. Can we talk about apple . Apple is facing investors for the first time today since it issued a warning on the risks of the coronavirus and what that risk poses to the supply chain globally. You know that they get a lot of their parts and a lot of their phones sourced from china but thats been a story of yesterday. What we really need to know is what now. Nothing so far. We are watching the tape closely, has been said about the coronavirus just yet. The Shareholder Meeting still going on at the moment. But apples ceo tim cook did announce the tech giant will open its First Physical retail store in india next year, 2021. Apples stock is up 1. 5 . Nice move there of about 4. 25. Now food and drinks giant warning the coronavirus will cost them millions of dollars in sales, will hurt profits, even papa johns says it has been forced to close some 50 franchised stores in china due to the outbreak. All those stocks in the red. Our next guest in the green because he is the former dean of the China Europe InternationalBusiness School in shanghai. He was just in china, was it january 19th, sir . When the virus started . Yes, liz. Good to talk to you. I was there january 18th through 20th. Lou oka liz okay. We want to welcome you. John, what was it like there . Because we started covering this i want to say second woke in january. We were among the very first shows on any network to be flagging this for a whole host of reasons we dont need to get into. Since then, we started to see the ramping up of real issues here, aside from the human toll. What did you see when you were on the ground there . At that time, liz, there really was no sense of urgency or panic in shanghai or beijing. There were reports about the situation in wuhan and hubei, but its really testimony to how virulent this virus is that in the space of only four weeks or so since january 20th, we are on the verge of the w. H. O. Perhaps declaring this to be a pandemic of a global magnitude. Liz not only did you run this China International school for business, but you also are well in the know about things that involve global health. Do you think the w. H. O. Fumbled this, because more than three weeks ago, it was around january 22nd that we had Laurie Garrett here who wrote the coming plague. She said i cant believe they havent called this a Global Crisis by now. Yes, well, the w. H. O. Of course does have specific protocols and thresholds that determine when it calls a particular outbreak a pandemic. What i do think happened here was obviously the size and scale of china is such that there is a level of influence in terms of w. H. O. Commentary that could have come into play. But i think putting it on the w. H. O. Is probably a little bit misguided. Lets face it, the chinese Central Government was a little bit slow perhaps to understand what was happening in wuhan and hubei. Once they got a grip on that, they really went after it. Liz you have said that if the coronavirus isnt squashed within a month, you will start to see real business effect. We are looking at a whole bunch of names today alone. We saw diageo, nestle saying there are issues they do not want their workers traveling. Thats going to crimp numbers, you would imagine. After the bell we have hotel and travel stocks, marriott. Marriott International Vacations and booking. Booking. Com. Those are names that are highly susceptible to this. Would you expect that we are really going to see just more innings when it comes to this difficult game . Sure. The markets seem to be intelligently discriminating between one stock and another so clearly, the Consumer Discretionary service, travel, entertainment type stocks that are operating internationally, these are obviously suffering along with the airlines. On the other hand, if you think about china, many people are obviously confined to their homes, if not under personal quarantine, under selfimposed quarantine, not wishing to go out into public places, so any service that is delivered online, so the services that are tencent or alibaba, those are actually really getting more business and traction than they have in the past. Liz its almost like netflix, where its moving higher because people are confined to their homes. Sir, thank you very much. Thank you. Liz any time. Disney, the biggest drag on the dow 30. Yeah, the mouse house on shaky foundation, in a move more jarring than the mother daughter switch in freaky friday long time chief bob igers csuite exit. Who is the new successor, bob chapek . Deirdre bolton is about to pull back the curtain on that. Stay tuned. Shall beyond the numbers to examine Investment Opportunities firsthand, like innovations in agricultural research. Because your investments deserve the full story. T. Rowe price invest with confidence. Their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. 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Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. Liz oh, a caffeine boost, with about 40 minutes to go before the closing bell rings, for a second there, and now once again, we are watching the dow try and make a run at the green line here. We did briefly pop into positive territory. In fact, so briefly that it doesnt even show yet on that intraday chart but as we flip over to the s p, we do have some green on the screen. The s p has punched back into positive territory by about two points. We are watching this closely. Nasdaq has added on to what was at the top of the show about seven points of gains. Now we are up about 54. Most investors recognize this guy. Disneys bob iger. Shares of disney have increased under his tutelage more than 400 . Thats when he took the helm as ceo back in september of 2005. As bob iger announced yesterday, he was stepping down as ceo. He will still remain executive chair. Of course, one of the most widely held stocks kind of dumped out, started losing. A lot of investors left scratching their heads, having never heard of this gentleman. Theme parks chief bob chapek, who is taking over as disneys new chief executive officer. Why did he get the nod . And what happened to these two guys, chairman of disney direct to consumer and international, kevin mayer, and michael paul, president of Disney Streaming services. Arent they making such a big deal of streaming and hasnt that helped the stock recently . If disney continues to lean more into streaming, taking on behemoths like netflix, Deirdre Bolton has been doing some digging on mr. Chapek and boy, hes a dark horse certainly. Why did he get the nod over other contenders . Deirdre numerous reasons. Let me take you through them. Hes known as a cool head. He has been with bob iger in some pretty stressful moments and really has become someone that bob iger counts on quite a lot. Hes a very known and talented operator, if you like, and even though to your point he is not necessarily a household name, he ran more than 20 years worth inside disney, three divisions, one of which was one of the highest grossing revenue parts of the business. Im going to give you that. Parks, Consumer Products, studio content and distribution. As one insider told me, he has basically been the logical choice who has been there the whole time. You called it a dark horse. Long story short, hes proven his ability to execute across three of disneys complex Global Business units. That is really important. So one person told me has crosscompany experience actually gives him a better ceo nod than even iger had, if you can believe that, back in 2005 when he was named. You mentioned michael paul, the fact he is head of streaming. You are quite right, this is basically the future of disney, but just keep in mind that while iger is stepping out of that ceo role, he is going to remain of course executive chairman through 2021 and he has essentially said he wants to focus on the creative part, the streaming part. So if you like, by certain measures, iger is still the one who will be running the strategy for the streaming and that content part of the business. When i sat down with iger in the spring, heres what he told me. Do you think the legacy part of the business will be able to hand the baton to the streaming part without dropping it . What disney plus and espn plus and hulu are designed to do is not only to grow as businesses unto themselves but to be there for us as major alternatives in terms of business models. Deirdre so disneys future really does rely on how well it hands off between the legacy and streaming competition, as you said heating up, disney plus going headtohead with amazon prime, and all the legacy Media Companies in the most flattering light, sources say iger is handing off to chapek now, it shows his strength, in other words, iger is still in the house, chapek has time to transition. The more cynical view is the job will get a lot harder, especially with theme parks closing, a lot more pressure on numerous parts of the business and its a good time to leave at the top. Back to you. Liz one thing about mr. Chapek and that is he knows how to make money. He knows how to operate and when you see that he rose the Consumer Products division by 67 , thats enough. That should be enough for investors. The stock still down 3. 33 . Up next, charlie breaks it big on the next big bank to go on the m a hunt. Dow down by 75 points. As a caricature artist, i appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. Liz Morgan Stanleys 13 billion purchase of etrade setting the financial world ablaze but wall street sources are telling fox business now that even bigger deals could be ahead for the big banks this year. Charlies next on who could be next on the megamerger merrygoround. Charlie i think this touches off a battle between Morgan Stanley and Goldman Sachs. We should point out that jpmorgan was the banker on this deal. They shopped it, from what i understand, widely. Goldman sachs as we reported, i always thought they were going to buy it, they kicked the tires on this. They got Morgan Stanley to pay up 40 premium to its stock price. Paid up more than anybody would. They really paid a lot of money. Their stock got hit because of that. But it looks like because of that strategically, buying that type of a retail brokerage operation, Goldman Sachs is now in a position where its playing very much defense. What is it going to do . Heres what people, sources at goldman say is being discussed. They are talking about buying registered investment advisers. They are talking about maybe at some point looking at ubs which is a small Brokerage Firm. Liz thats a big deal. Charlie it would be a big deal but its a small Brokerage Firm. Something that could give them this retail might they are trying to build out. Remember, they are trying to build out retail commercial bank. They do have that. Heres the interesting thing about Morgan Stanley. Do they stop here. With etrade. From what i understand, gorman is not going to stop here. That doesnt mean he will do a deal tomorrow. We got a comment from a senior Morgan Stanley executive who said no deals are planned for now. I will say this. I talk to people that know gorman pretty well. His end game before he retires, and i believe hes 61 years old, his end game is to buy a fairly significant commercial bank, like midsized regional commercial bank. M t would be one mubs is a Brokerage Firm. Its americas unit of the swiss bank. So thats where we are. We do have a little bit of Battle Royale going on. We should point out this battle has been going on for years. It was often over Investment Banking rights. Goldman sachs always had the higher stock market valuation. Morgan stanley has eclipsed Goldman Sachs in terms of stock market valuation, particularly as Goldman Sachs has basically meandered and is having a difficult time finding a business model. They are going into they were known as a trading firm, high End Investment bank. Morgan stanley is known as white shoe as well but Morgan Stanley made the transition to dealing with small investors. Goldman sachs has not made that transition, despite the fact you have regulations that essentially force banks into that space. So they are caught off guard on this thing, they have to respond. The response, we understand, will be buying a Brokerage Firm or buying registered investment advisers. Theres a few firms like that that you can buy. Hillman freedman is one. You can piece them together and buy out your Retail Banking effort. Morgan stanley last stand, from what i understand, is not etrade. James gorman, people close to him say will buy or wants to buy before he retires, a commercial bank to even out that firm. Midsized commercial bank. He has spoken about that with people from what i understand. This battle goes on. Goldman sachss move is next. Cloorl th clearly they have to do something to stay in the race. Lot of people say they might buy robin hood. Know who that is . Liz of course. Charlie an online very discount discount brokerage. Liz very hot. Charlie the problem is their average account is like 50. Im just saying. Liz millenials end up making money eventually, we hope. Charlie eventually. When they turn 90. The way things are going out there for millenials. Liz be nice. We love our millenials on this show. Charlie more power to them. Liz charlie, thank you. Charlie gasparino. More power to them . Charlie by the way, you think our demo is going up or down on this thing . Liz on you, probably not. Stick around tonight because, oh, this is a good one, special edition of bulls bears. Looky whos joining david asman. Charlie is that lou dobbs . Liz thats right. Sparks are going to fly. Charlie think hell Say Something nice about donald . Liz ill tell you something. Dagen will crush all of you. All right. When we come back, stay tuned. We are watching the last 26 minutes of the trading session here. Buy china, just at the point where china is getting hammered from the coronavirus, oh, yeah, we have the guy who says you might be an idiot not to. You met on an app. Delete it. Why . Hes the one. Awww. Gesundheit. I see something else. A star. With three points. Youre in a. Mercedes. Yeah, we wish. Wish granted. With four models starting under 37 thousand, there could be a mercedesbenz in your near future. Lease the a 220 sedan for just 349 a month at your local mercedesbenz dealer. 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. 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Tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2. 3 of patients reported joint pain. Prescription power. Proven to work. Now with a new indication. Ask your doctor about vascepa. Liz we have this breaking news. The emir of qatar has ordered the evacuation of qatari and kuwaiti citizens from iran. This according to the state news agency on twitter. As of right now, heres the real reason, the death toll in iran has climbed to 19 and there are 139 confirmed cases of coronavirus in iran. So hes pulling out the kuwaitis and it is the highest death toll outside of china. Even irans Deputy Health minister has been tested positive for the coronavirus. Let us now look at an important stock here. Chinese microblogging site weibo is off its session lows but still down about 4. 33 . It was down about 11 premarket. What drove it down . A miss on earnings and the head wind thats been dogging most companies nowadays, thats the coronavirus. But weibo has pretty much emerged as the chat space of record for somewhat unfiltered information on the spreading of this pathogen. Even as weibo says coronavirus is hitting its business significantly, Mark Galasiewski says this too shall pass for all china stocks, get in now. Hes the chief Equity Analyst for asia. Gordon chang, author of the coming collapse of china begs to differ. Mark, state your case that its time to buy china. Okay. Well, i think gordon and i are probably going to be speaking two different languages and also using different assumptions. He will be extrapolating fundamental trends. I will be using technical analysis. In which you can actually anticipate highly counterintuitive moves. We have seen one so far already this year. Can you name one major global Stock Market Index that is above its january highs . Guess what . Its in southern china. Its chinas second largest market and its the home of the Growth Stocks in china, similar to the nasdaq in the United States. Its been outperforming for overa year and that outperformance has simply been continuing with the coronavirus providing a temporary setback. But its continuing and we are sticking with that trend. But there is some other evidence i would like to consider in addition to the pure technicals and that is one thats also quite counterintuitive, particularly the timing of the outbreak of the coronavirus in china. Here at Elliott Wave International we have long absorbed for over two decades a relationship between stock market prices and outbreaks of Infectious Disease, if you can believe that. Specifically, outbreaks of Infectious Disease tend to occur after stock prices have declined for some time. Its part of the breakdown in social conditions that tends to occur during bear markets. Weve got some evidence to support that. We can bring up the first chart if its not already there. Liz hang on a second. We just showed the bird flu epidemic from 2013. If we can put that back there, you can see that dip, hold on a second, then shortly thereafter, possibly about a year or two, boy, it sure looks like the best buying opportunity. Using that piece of evidence, gordon, whats your response . If we are just talking about good opportunities to buy stocks cheaper, why wouldnt you buy china . Well, if you can make a short term profit, why not. But the problem here is that coronavirus is not sars, its not mers, its not swine flu. The problem is that this is a much more transmissible bug. It is one which is far more dangerous to economies. Also, we have a china right now that even before the coronavirus was only growing at 1 or 2 , if it was growing at all. Right now, its contracting. The Chinese Government is doing its best to hide information. So im not so sure that we can actually say that there are buying opportunities, at least in the long run. The one thing we know is that china manages its markets, it might manage them up a little bit, but it really cant defend itself against the fundamentals and the fundamentals are overly negative. Liz china is not known for its transparency, not known for its clean numbers, but what would you like at the moment, when youre looking at xi jinping wearing a face mask, you are saying that that is the very time you should go in and buy what . What types of names . Okay. Well, if i can first rebut gordons issues there. First regarding the coronavirus, gordon, you know as well as i do that the hong kong flu of 1968 killed 500 Million People worldwide sorry, not 500 million, sorry, 500,000 people worldwide. Thats a pretty serious epidemic, yet the hang seng index, where the outbreak occurred, roared after the 1967 low. So you know, financial prices and stock market prices in particular are not necessarily tied to the fundamentals on the ground. Financial prices lead, the market leads the fundamentals. What we have been seeing the outbreak occurred after a fouryear decline. Now the market is rising in the opposite direction. So the market is leading the fundamentals to come. Liz and you like the bat stocks, of course. Im thinking alibaba and some of the other names out there. But gordon, you get this final word here on what looks like at least eventually to be a great opportunity to pick up some solid names that will still be around even after this virus dies out. Yeah. Im also sure that you can carry the bounce in other places as well, in markets that are more transparent, in markets where you dont have to worry about this government intervention, and in markets where the economy is probably not going to collapse. That could very well be china right now. So you are dealing with fundamentals that are unknown and actually can be quite severe. Liz great to have you. We will have you back. Im watching, mark, because im very interested in sort of that buffett theory that you definitely want to buy low when everybody is running away. But is this the low is the question. Good to see you. Swine flu in 2009, sars in 2002. Buy the market. Liz well, those look like great opportunities in hindsight. Closing bell ringing in 16 minutes. The dow is still down about 62 points but off the lows of the session of 190 to the downside. Up next, snoop dogg famously lending a hand to Dunkin Donuts beyond dogg sandwich. We will tell you which chains are about to roll out their latest plantbased treats. Check out my latest edition of everyone talks to liz podcast. This man on the screen has made a lot of money since the coronavirus sprouted up. Euro Pacific Capital founder peter schiff, known as dr. Doom, made a fortune but of course, going way back to what he looked like one of the guys in grease from high school. He always had in mind the way to go was gold. How did he do it . Its an inspiring story. Fighting for success and making major calls. These are calls that were not popular when it comes to the u. S. Markets. Check it out. Apple, google, fox news pod casts. Com and alexa. Dont forget to subscribe. Definitely rate and let me know what you think. We hit 100,000 viewers, 100,000 twitter followers. Thanks, guys. You wouldnt accept an incomplete job from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. The end might not be as happy as ayou think. End. After all, 4 out of 5 people who have a stroke, their first symptom is a stroke but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. Life line screening is the easy and affordable way to make you aware of undetected Health Problems before they hurt you. We use Ultrasound Technology to literally look inside your arteries for plaque that builds up as you age and increases your risk for stroke and heart disease. So if youre over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. And if you call us today, youll only pay 149an over 50 savings. Read it again, papa . Sure. Ive got plenty of time. Life line screening. The power of prevention. Call now to learn more. Liz first it was soy milk, then coconut, then almond milk. Now starbucks is going beyond meat. The coffee behemoth officially announcing its partnering with the plantbased protein maker on its new faux meat breakfast sandwich. It features a beyond meat sausage inspired patty and will debut in canada. They are trying it out on the canucks first . Not us first . Beyond shares are heating up either way, up 3. 33 . Starbucks for its part down 1. 25 . By the way, the fake meat maker also adding a new fast food giant to its growing roster. Golden crust has announced its launching a beyond offering, starting today. Golden crust joins the ranks of dunkin brands, mcdonalds and yumowned kfc as beyond meat partners. They are all lower today. We are also getting this breaking news. The Mexican Port Authority has now canceled the permission for cruise ship msc maraviglia to disembark due to coronavirus fears and bahrain has discovered seven new cases, raising the number there to 33, according to the ministry of health. To connell mcshane. I know you will be covering the coronavirus on after the bell. Dow is down about 57, off the lows but certainly off the highs. Connell that story you mentioned with the cruise, thats kind of an example of what we will try to talk about at the top of the hour in addition to seeing how the markets closed up in that a lot of what we are seeing in terms of Economic Impact of this virus is the reaction to it. As you know, or the fear of it, rather than dealing in many cases with the virus itself. We understand information is hard to come by but we are going to try to give people as much as we possibly can. We have a guest who should be terrific, the doctor who oversees the running of 50 plus hospitals in seven different states, including one in everett, washington, which dealt with the first diagnosed american that had the coronavirus. So a little fact versus fiction. She will identify some misconceptions about the virus, try to give people as much info as we possibly can so they can make decisions about their life, their business or whatever they are doing, because thats the problem now. People dont have enough information. Liz yeah. I just want to know if it lives on surfaces. Why are we seeing reports of the chinese washing, sanitizing and burning their paper money . Connell there you go. Stuff like that. We will talk about it. Liz thanks. I will be watching. Well be right back. And etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk while our competition continues to talk. 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. Quadrupled their money by 2012, and even now, many experts predict the next gold rush is just beginning . So dont wait another day. 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Gold is now on sale at prices unseen in years, and this year could be one of the greatest gold buying opportunities of all time. Call now while vault inventory remains, and as one of the largest u. S. Gold coin distributors in the country, u. S. Money reserve has proudly served hundreds of thousands of clients worldwide. Dont wait another minute. Call now to purchase 1 10th ounce Gold American eagles for the amazing prices of only 159 each. Liz we are just getting this fox business alert. President trump and members of the Coronavirus Task force will be holding a News Conference in the briefing room. We knew it was going to be at the white house but now it has been moved from 6 00 to 6 30 p. M. Eastern. Originally supposed to be held at 6 00 p. M. It has been pushed back another half hour. Were keeping an eye on any new developments regarding that. Closing bell rings in about four minutes. Lets look at the markets, check them here. Were seeing green on the screen for the nasdaq. That is kind of a win after two horrific days certainly for the bulls. Were up 21 points for the nasdaq. S p down seven. The dow jones down 79. I want to check the russell, as far as percentages it is hurt more, down 18 points. Transports down two full percent by 221 points. Lets talk about luxury for the moment. The real real is having a tough time so far this year. The stock is down 20 for 2020, despite reporting revenue and Profit Growth of more than 48 just last year. But todays countdown closer forget the secondhand stuff, go straight to buying Luxury Brands directly and he means the stocks. We have ycg president brian yacktman. Youre talking about the stocks, not the gucci, right . Actually i dont buy any of it. Liz let thats talk about some names that you like and they are cone glom rats from conglomerates from kerring to lvmh. What do you think specifically makes these a bargains right now . This is a case of myopia where investors are looking at a single variable. Theyre just looking at coronavirus and trying to change the gameplan around that. Reality there is multitude at play, that affect things like risks and long tern gains. If the longterm out look remains intact which we believe it does for the luxury names, we want to be involved if theyre global champions that have Sustainable Network effects. Liz let me jump in. You like lvmh, louis vuitton, hermes. And i collect the scarves. What about richemotn. Tell us about that. Theyre owner of cartier. That is Global Status symbol where most businesses are deflationary overtime, and struggle to keep raising prices and grow their volumes, which the world is more globally interconnected which is not happening right now which creates a buying opportunity, these are enduring status symbols because they are global Belief Network and recognized globally it makes it very definitely cult to disrupt and gives them Pricing Power relative to their competition. Liz do you worry countries like bahrain, kuwait, there is a lot of money there, theyre very nervous about this coronavirus and they tend to spend quite a bit of money on luxury brand . It is interesting to see that the three stocks youre picking today are in the green, certainly off their 52week lows. I like that, but give me a sense what you think when you sort of put the coronavirus into the picture . Sure. Well i dont pretend to think that its over and this couldnt get much worse. Who knows. Its possible. I do think the more probable outcome it gets contained but i think, even if you were to compare it to like a spanish flu of 1918, what blows my mind, here was 500 Million People infected, sadly took 50 million lives. Yet from investor perspective, if you look at it, the charts, you cant tell when the spanish flu happened by looking at charts. So the longterm outlook looks intact. [closing bell rings] liz brian yacktman, interesting ideas as the dow closes down 102 points. A fear trade if weve ever seen one. That will do it for the claman countdown. Connell health fears weighing on wall street are still there. The global spread of the coronavirus has been rattling investors this week. There is a headline mere from new york that seemed to hurt stocks during the day with Nassau County officials saying theyre monitoring dozens people on long island who may have been exposed to the virus. Melissa monitoring them. Connell none confirmed to have it at all. The market seem to sell off. That is the environment were in. The dow down 120 at the close. Extending losses for five days in a row. Good to be with you. Im connell mcshane. Melissa im melissa francis. This is