Became ill. More than 200 people are being monitored in massachusetts, but nassau county, new york, gotten the allclear. That news sent market down yesterday. Country after country report new cases. Infected number of people is 82,000. The latest today being denmark. The world seems stunned, really, really about this and how to contain all of it. Saud sued cutting access to holy sites. Japan closing schools nationwide for a month. Airports in latin america screening passengers. Now while epicenter has become italy, because number of cases surpassed 600 and seem somewhat to be out of control. Were all over the markets, giving you advice and markets to navigate the selloff. Lead us off payne capital, courtney dominguez, a Organization Im not associated with. David dietze and money maps keith fitzgerald. Keith, you have been one of the cautious or most cautious analysts on television the last three or four weeks. You were anxious about Something Like this possibly happening. How do you feel now . Well, ill tell you what, charles, this business is a tough business because you want to be right most of the time. Unfortunately this one of those instances i was hoping to be wrong. My angst is not letting up. The potential is far worse than i think leaders are making it out. Cdc is correct, the horse is out of the barn. That being said, investment standpoint always hard to be positive and you have to play offense on days like think, what are you worried about, keith . Some people are making observation, looking at mortality rate, our Health Care System in this country, juxtapose that against shutting a down a country . In other words the measures that we take will have much more deeper Economic Impact than anything the virus might have done otherwise . Well you know, this is very much the same question about, do you pick green bananas charles . Do you want to pick them before theyre ripe or after theyre ripe . The situation is this, there is no way to win. What i look at from investment perspective is the cost of all this. Whether this is fear, hype, overdone or not, potentially there will be significant interruptions in the supply chains, manufacturing and Consumer Behavior is what i most worry about. If people are restricted to homes or like they shutdown a high school in washington that is very real despite what the sentiment is about this being flu or not. Neil david, you have seen the market tested even more so than this at least so far. Youre thinking about why this is different than some of the more recent challenges weve had. Im not sure it is different. I tell my clients the market is always come back after every casualty. For example, 9 11, so forth has come back. I looked at all the health scarce going back 30 years, typically the market is up 10 after the first onset. Lets not forget all the Silver Linings to this. People can borrow money for a home, start a business, refi, lowest rates in history. Go for automobile trip, you have cheap gas. Ultimately the time to roll up your sleeves, get back to asset allocation. You will be rewarded. Neil courtney, last time you were here you were upbeat about this, transitory essentially what david is saying but the transitory period is hell. It is not easy. Charles it is not easy period particularly for people who havent been through the ups and downs. Weve had a 10year economic expansion. Even though, even last year we had two periods where the market pulled back 5 . On average you get 3 00 of those every year. A lot of people taken it for granted that the market goes essentially straight up. First of all are you still as optimistic as you were, and what do you say to people this is not worth it . I am optimistic. That is something were talking to a lot of our clients right now because when you look at the virus the consensus is, yes this will have Economic Impact. This is measured in weeks and quarters, were not talking about years or decade. If youre a long Term Investor yes, the markets are getting hit hard but it is a wonderful buying opportunity so it is a great time do i have any in cash or bonds . Can i take advantage of this. That is the conversation were trying to have. Charles keith, one of the big news items was major analyst over at Goldman Sachs came out with some thoughts on this and one of them was perhaps, there is no Earnings Growth. One was perhaps Earnings Growth goes down and now were starting to hear the r word out there, recession being spoken. Is it too early to make such assumptions . Because people are going to have to make major decisions what to do with their portfolios based on these assumptions. I think they will have to make major decisions. To david and courtneys point something you and i talk about a lot, if youre optimistic, have the right perspective, history lets these events come and go with alarming regularity. The only question is what you do in the meantime. If youre focused on ceos, Great Companies that will move through this then as an investor i would submit youre probably in the right place at the right time. Roll up your sleeves, jump in, whatever metaphor you want to use and go swimming anyway. Buy low, sell high. My son in kyoto right now. I wonder if theyre going back here. Charles sorry to hear that. I will touch in base with you to doublecheck on that. What are the signs that you may need that the, bottom, even if it is shortterm bottom put in. We made a remarkable bounce today. Were able to get 800 points back. Almost 800 points back. Now were pulling back again. Is there something we need to see one day in the market down big. It closes strong or numbers start to decline, perhaps in a place like italy and south korea which seem to be the new epicenters moving the needle . Two aspects to that. In terms of fundamentals, when you see the rate of infection, headlines still bleak but rate of infection starting to go down, from a fundamental perspective. That is a good sign. From an investment perspective, when you see utter panic, when weapon saw the vix shoot into the 30s, bottom fell out of the market we were getting so many calls and so forth, that could be a sign that a bottom is close but i with urge everyone out there to try to call a bottom in real time. We only see it in hindsight. Charles when do you think the coast is clear, courtney . I have to agree with that. What is really interesting, china was holding up a lot better than other parts of the world, which is fascinating they got hit so hard. Prices are going down so much and people will scoop back n that will be positive. Charles people buying alibaba and so forth. We have to leave it there. Courtey, keith, david. I want to find out what traders are saying on the floor of the new york stock exchange. Deirdre bolton joins us. I can imagine there are a lot of different thoughts out there on this . Reporter of course, charles, one of the comments coming from this, the selling is for real. You hear that from professionals in this situation day in, day out. The lack of visibility on the Positive Side is not giving anybody any reason to limit some of the downside losses. If you look at the dow down 680 points. I will highlight the low of the session was more than 900 points down. If you look at the dow, i will point out three highlight, merck, we know has a strong track record developing vaccines merck is limiting some of the overall losses an pfizer as well although just turning negative as i speak there. 3m has a few companies that make masks. Weve been talking about that throughout the morning, charles. What i say, this week is still the worst week for the dow since 2018. So many people saying listen, if you look at fed funds futures and market is pricing in three cuts, count them, charles, bip september, that seems extraordinarily hopeful from the point of view of some investors right now. Look at two tech stocks that weigh on the average, bring it down, microsoft and apple. Both Companies Moving down on the idea they are directly affected by the coronavirus. Microsoft gets more than 10 much its revenue from china and we have apple getting more than 1 , charles. Charles yeah, supply chains of both companies, microsoft last night. Anyone down there talking about buying right now, deirdre . Well, theyre not talking necessarily about buying other than what weve heard, hey, pick names, old peter lynch model. Pick what you know, pick what you like and begin to come in very, very specifically. As far as general buying i dont see anybody putting in General Program trades right now. Too much uncertainty from what im hearing here. Youve been covering this too, charles. There are Numerous Companies canceling events meant to be revenue drivers for them. Facebook one, microsoft another. So i think a lot on the sidelines. What i will say some people ive been seeing, they have been busier here with sell orders just today than they have been over a period of a few months, charles. Charles last hour should be a exciting. Im pretty sure a lot of contrarians down there might be licking their chops. Deirdre, thanks very much, appreciate it. Speaking of apple ceo tim cook weighing in on the virus exclusively to fox business. Despite the virus cook is optimistic. Seems like to me, china is getting the virus under control. If you look at the numbers, they are coming down day by day, by day. Im very optimistic there. On supplier side. Our phones are built everywhere in the world. We have key components in the United States, with key parts in china and so on, so forth. When you look at parts done in china, we have reopened factories. So the factories were able to work through the conditions to reopen. Theyre reopening, theyre also in ramp. I think this is sort of the third phase getting back to normal and were in phase three of the ramp mode. Charles you can catch the full interview tomorrow at 12 and 3 00 p. M. Eastern right here on fox business. Of course were staying up on this volatile market throughout the hour, including what this means for the consumer psyche. Speaking of the consumer, how amazon is fighting price gouging on face masks later in the show. First a doctor shares how she and her colleagues are combating panic as the first case of coronavirus with unknown origins hits the United States. It is Important Information to help keep yourself and your family safer. Well be right back. Youve been hearing a lot about 5g. But theres 5g. And then theres verizon 5g. Were building the most powerful 5g experience for america. 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[ barking ] charles stocks sharply lower once again today, extending one of the most difficult weeks ever for the market. Major indices in correction territory. Certainly at the start of trading, we got out of it. Now were back there again. Some buyers materialized but not at the moment. The panic is spreading faster than the virus at this point as governments, doctors scrambling for solutions. I want to bring in dr. Jen caudill with us. Things for having me. Charles the news today, potentially a patient in california, no known travel to china, no known at least exposure persontoperson. Right. Charles there will be a press conference out of california to update us on that but how much of a gamechanger will this be . This is a gamechanger. The cdc is saying get prepare for possibility of this. We dont know if it is the first case of community spread. We have to look into the case. There is lot of work to be done. Theyre looking into the patient. If this patient didnt travel to china or place with coronavirus or not in contact with someone with coronavirus how did this come . Were looking possibly community spread. That is a game changer. Could be other potential people out in the community spreading it unknowing as well. Charles earlier today dr. Azar said there will be a new testing kid available. Yeah, yeah. Charles i think that is great news but also probably means well get more headlines of folks who have been diagnosed with this. We want that, right . We want the bets sort of are all hospitals in this country even equipped with the right kind of testing equipment . Well, right. The answer is not entirely right now. Testing is going through with the cdc. There are hiccups with the testing equipment. Theyre trying to make sure the test is accurate. We do not need a test on the market that is not accurate causing more problems. To your point we want to know, how people are spreading this. This is Novel Coronavirus because it is new. Every day we wake up to new headlines and sort of excitement, intrigue, in many ways we dont know much about it because it is brand new. Charles there has been a lot of panic, videos, things said and a lot of speculation. Thats right. Charles does it travel up the pipes in my Apartment Building . I saw one of your videos, can i get it from a package from china . Yeah. Charles what about that . How long does it live on the surface . What kind of risk does it pose . Thats a great question. First of all we think it want live on surfaces for a bit, maybe some hours. Maybe, because we still dont know entirely. Idea, use us as example. If one of us had coronavirus and smeared our hand over here. If you touch the surface right after me or vice versa, likelihood yes, you could be possibly become infected with it. However the idea of packages traveling overseas, were talking about differences in temperatures, numerous hands touching the boxes, all sorts of things, it is just not that robuster. It is not going to survive from china to here. I always tell people, this is what the cdc says, dont worry about buying packages overseas. We think that is very minimal risk. Same thing with pets or dogs or pets can transsubmit it. We dontly that is likely as well. Charles we have only a mitt. I saw a headline we talked about the woman with community spread, potentially a community spread, now a headline, dozen of staffers at hospital that monitored, are being monitored themselves. Right. Charles in your profession, how are doctors and nurses going about their job right now . So you know, i think i can speak for my colleagues when i say this, one of our best friend is data and information and one of the best things that is happening right now is that the cdc and World Health Organization are laying out plans for us left and right. When they say lets get prepared, this is not just fluff talk this is saying hey, were telling you, we think this is coming. So lets get ahead of it. Think about what you need to do. To that regard, is it a little frightening or scary, that is natural response. We have protocols in place to deal with situations like this. This is our job. So. Charles thank you very much. Of course. Charles it is your job and you do it very well, we appreciate it. Microsoft warning sparking major headlines after the bell. Come why investors have to make critical decisions but we can lose the confidence of the American Consumer. That is essential. Were talking about animal spirits when we come back. Mont. And get your Interest Rate right so you can save big. Get a nofee personal loan up to 100k. Get a nofee personal loan theres a company thats talked than me jd power. People 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. Charles microsoft warning its personal computing business which include windows installation, laptops an tablets will be below Prior Guidance because manufacturing is coming back online and china is slower than anticipated. Now the warning is similar one issued by apple last week. This is important as investors look over their portfolios and make difficult decisions. There is a distinct difference between demand and supply shocks. The latter is hurting Technology Stocks while the former hurting businesses involved in large public gatherings, particularly in confined spaces. These things generally work themselves out. Investors can make adjustments. Meanwhile a greater risk is a loss in confidence by the American Consumer because that would impact demand for everything. Confidence levels are high but that can change which makes the next several weeks extremely important. There have been signs that the u. S. Economy was reigniting, actually picking up more steam. The evidence in recent housing, manufacturing data. This mornings surprise increase in business durable goods orders for january. Earnings correlate with consumers is much better than expected. Now that momentum is being interrupted. How long the interruption depends on the Public Perception how well the coronavirus is being handled. It depends on the stock market which play as pivotal role in consumer psyche, you know that whole wealth effect thing. This means jay powell faces a predictment. Sometimes his job goes beyond employment and inflation. He can maintain main streets animal spirits by placating wall street. This is where the fed booster shot may make a big difference even if it is not part of their socalled mandate. Right now i think the market is way oversold. You know i have always said it doesnt matter, when it is oversold it can still go lower. Underlying fundamentals why long Term Investors hold Great Companies during pullbacks and corrections. Right now the fundamentals sit on top of a strong and confident consumer that has to stay in place. Stocks are in selloff mode. Coming up how politics is contributing to the market selloff. A chinese city offering more than 1000 in cash for people to get tested. Is that a sign of things to come . As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. 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Dont wait another minute. Call now to purchase 1 10th ounce Gold American eagles for the amazing prices of only 159 each. Market drop is 3,000, 2500, as of last night. 3,000. It is disturbing. It does show some fragility on the part of the market, that it would drop so much. Charles Speaker Pelosi expressing some concern about the market today. She also had some concern about President Trump. The president said something so strange you would really have to wonder. He said the reason the market dropped is because of the debate the other night. Well the market dropped 1hundred points before the debate the other night 1800 points before the debate the other night. Charles bring in former investment banker carol roth. Obviously, carol, this thing is getting politicizeed. What do you think of nancy pelosi comments . I think she is bronc. In addition to the coronavirus hit being markets and Bernie Sanders virus hitting markets. This is before the iowa caucuses, bernie started to rise in the polls, key names like anthem and unitedhealthcare started getting hit by a couple of percentages. As Bernie Sanders picked up momentum, all the way through nevada, that is certainly playing into the market. Unfortunately is there not only direct concern about Bernie Sanders, but there is indirect concern that the markets continue to go down, that is one of the feathers in President Trumps cap. That would continue into the general it could affect his potential to be reelected president. Charles isnt that an a interesting negative feedback loop . The more the market goes down the more pressure puts on trump being reelected. More pressure on trump being reelected, the more the market goes down. One of those vicious and virtuous cycles. Unfortunately he spent so much time touting it as an achievement he has to unfortunately sow the unfortunate situation when it is on the other side. This is something that is going to continue to be an issue for him all the way through potentially november until the market has it fully priced into the market which obviously were a long way from that happening. Charles we know that Bernie Sanders is on a roll. There is just a couple days to go before the South Carolina primary but it is not the only thing, right . He is also spooking the democratic establishment as well as investors. Nancy pelosi also made the statement, whoever has all of the necessary votes, plus one, is the nominee. In other words, saying, bernie, youre not going to get it even if you have a big chunk of the plurality of votes. From her mouth to gods ears. Would be such a sad day for our country somebody with socialist ties and potentially some communist sympathizing in his past to be the nominee for the democratic election. It is absolutely unthinkable and it potentially could destroy the entire party. I am hopeful they will work towards having another nominee but the big question is, who is it . So many candidates have so many issues and flaws. Certainly better than having a socialist. This could be a very, very ugly fight but i think anything, for the market, for the country, for the future is better than Bernie Sanders. Charles they have all moved very far to the left. Feels like oneupmanship with papers that came out, were still talking a lot. Multitrillion dollar spending plans. Significantly higher taxes. Seems like almost anyone of those candidates wall street will be concerned about. Wall street is concerned about any candidate but there is different level. If you get somebody like joe biden, he talks i will do this, i will do this, i think we feel he is donothing president and more status quo. You wont get benefits of another tax cut but he will not put in place programs that could potentially destroy the economy and destroy the future. Charles looks like theyre backing bernie again. The betting markets gone up big on bernie. Predicted. Charles sanders still has the lead but looks like the great establishment hope once again. Carol, thank you very. Appreciate it. Thanks, charles. Charles a chinese city paying residents more than 1400 bucks if they proactively symptoms of illness and confirmed after testing. Not the First Chinese city to offer cash to encourage public volunteerism. It is a big reward. More than double weve seen out there. Bring in wall street journal opinion writer Jillian Melchior about this. You spent time in china and time in hong kong. What i am intrigued. President xi saying coast is clear outside of hebei province. Go back to work. Folks have gone back to work. Now theyre paying people to come to the doctor. What happened to the idea he says do it and they just do it . This is a risky moment for him because you have already had the momentum coming off the hong kong protest which is the biggest challenge to the Chinese Government since tianamen square. Now you have coronavirus. The Chinese Government likes to portray citizenship obedience, unquestioning. When you have a Public Health crisis of this, it is indicative what people really think. What youre starting to see, low trust in government. High skepticism people are being told the truth, a lot of doubts. At the same time xi xinping seized a level of power for himself that is unprecedented since mao. He enjoyed exercising that power. He essentially made himself a dictator. He made himself the most powerful Chinese Communist dictator since dund. You are ultimately responsible if something bad happens, to blame for it. The coronavirus, hong kong puts him in more vulnerable position. Charles to your point he had been on a real good run. He was able to go back to the party every single time hey, we did the right thing making me a defacto emperor and it is working out. This is triple whammy for him. Not just coronavirus and hong kong but they derive whatever legitimacy for the Economic Prosperity for the people. This threatens the economy. They dont have the consent of the governed to fall back on. Not just immediate crisis but implications. If people think theyre economically dissatisfied when theyre already disenfranchised that is an additional threat to facility. Charles hong kong giving out 10,000 hong kong dollars to, main land citizens, chinese citizens there. Is that going to be, obviously a pretty huge bribe. Will that be enough to sort of quell the discontent there . It is not. Unequivocally not. There was a poll came out on the 25th saying that trust in the government both in hong kong and beijing is at the lowest level since 1992. The lowest before the handover in britain. People still free have opportunity to voice dissent dont believe the government and i personally interviewed people who say we dont want the deal the Chinese People have. You cant buy us off. Were not selling our freedom. Thank you very much. Jillian. Thank you. Certainly the epicenter of so many things. Appreciate it. It is, thank you. Charles as panic sets in, there is a run on face masks. How amazon is fighting price gouging. Vice president pence is about to lead his first Coronavirus Task force meeting after being appointed by President Trump. Details how the white house is battling the spread of the coronavirus. We have the the greatest exps riley in the world right here. Were ready to adapt and do whatever we have to. We made usaa insurance for members like kate. A former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. So when her car got hit, she didnt worry. She simply filed a claim on her usaa app and said. 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And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Charles coronavirus fears rattling the market. Vice president mike pence is about to lead a Coronavirus Task force meeting. This after being appointed by President Trump. I want to go to blake burman with more at the white house. Blake . Reporter hi, there, charles. That Coronavirus Task force is now expanding today as well. After President Trump announced last night that the Vice President , mike pence would be overseeing the government efforts to combat the coronavirus, the Vice President today announced some new members who will be joining that team. A couple on the economic side. The treasury secretary Steve Mnuchin and National Economic council, head of nec, larry kudlow. Two more on the medical side of things. Surgeon general dr. Jerome adams. The top official in charge of combating hiv aids, ambassador debbie birx. When speaking to activists and conservative leaders at cpac tried to provide some reassurances. While the risk to the American Public remains low, as the president said yesterday, were ready. Were ready for anything. I promise you, we will continue to bring the full resources of the federal government to bear to protect the american people. Reporter up on capitol hill earlier today the health and Human Services secretary alex azar said that the ability to test for coronavirus could potentially be increasing in the upcoming days. At least 40 Public Health laboratories should be able to test using modified, existing cdc test kits. In addition to newly manufactured cdc test can be sent to 93 Public Health labs as soon as monday. There is privately manufactured test based on the new cdc test sent to the same labs tomorrow, pending fda clearance. Reporter top two democrats on the hill this morning released their Top Priorities for what spending package for coronavirus needs to look like. Nancy pelosi and Chuck Schumer said that would make sure that the Trump Administration down the line cant transfer funds elsewhere. That vaccines should be affordable, that state and local governments should be reimbursed for costs and Small Businesses impacted by coronavirus should have access to interest free loans. Charles . Charles i hope this thing doesnt get bogged down with the usmca kind of stuff. This is too urgent, right, blake . That couldnt happen. Reporter were in washington. Keep that in mind. Politics is always in play on both sides. You would think this, with this, they could set that aside. Charles i agree. Thank you very much, blake. As the coronavirus spreads around the globe prices for protective face masks have been skyrocketing online amidst shortages. An attempt to crack down on the price gouging, amazon is sending a stern warning to sellers. Grady trimble with the latest. What exactly are they saying . Amazon says theyre working to make sure Third Party Vendors are not trying to make money off the coronavirus fears. Some Third Party Vendors are accused of jacking up prices of medical face masks. We looked on amazon today. We found some for 350. Some sellers are charging about 150 for shipping. Others are increasing the price of masks by almost five times compared to december, according to the price tracking website, keep. Com. Walgreens and cvs in chicago no masks at those particular locations. That cvs had a sign limiting customers to one box because of high demand. That could explain why so many people are turning to amazon. In a statement to fox Business Amazon says sellers set their own product prices. We have policies to help insure sellers are pricing products competitively. We actively monitor our store and remove offers that violate our policies. Of course stocks are slipping across the board today but the companies that make masks are seeing a boost, notably alpha protect is up. Charles . Charles it has been rocketing since the whole thing began. Grady, thank you very much. As we monitor todays selloff commodities also taking a beating. Oil closed down for its fifth consecutive day. Claman countdown host liz claman is here. What can we expect to hear on the show in the final hour, liz, well all be glued to the screen for . I have to tell you, oil, im seeing words like collapse. I am seeing words like free fall, when it comes to crude going into today. Crude was already down 12 week to date. That is just one commodity. So were really looking at so many ways of investing not just stocks which we know have taken a beating but what about oil . What about the softer commodities like wheat and some foods out there . What about derivatives . What about all kinds of futures trading . We are bringing out big guns for the final hour of trade, charles. These are top in class, top in the world. Number one, terry duffey, the head of the cme, the Worlds Largest platform for trading futures and derivatives. He will be with us. We need to know about the flows, what kind of volume he is seeing this month alone because he, certainly is looking at a company who does very well, just as long as there is activity. Scott minerd of guggenheim. Why is that important . He is out there talking about how bad it looks. Well put a question to him were pretty sure nobody asked just yet. Does he believe the Federal Reserve will interrupt between its normal meetings and put out an intrameeting cut . That is only done in emergencies. The last time we saw it was in the financial crisis. He is with guggenheim partners. Hundreds of billions in assets. A real guru followed by quite a few people. We hope everybody stays with us for the final hour. Charles his words have been known to actually move the market. Liz, thank you very much. Everyone watch the claman countdown. I know you do, today especially at top of the hour. Thanks, charles. Charles we stay on the markets. When we come back, including some bright spots being overlooked. Are they worth a buy . Well tackle a question about the Federal Reserve as well. Well be right back. With sofi, get your credit cards right by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right so you can save big. Get a nofee personal loan up to 100k. Get a nofee personal loan through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From managing inventory. To detecting and preventing threats. To scaling up your production. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. Charles despite todays selloff, there are some bright spots to take a look at. For that, i would like to go to kristina partsinevelos. Kristina we have a lot of people that are like oh, no, doom and gloom, lets look at happy things right now. Unfortunately, on your screen, yes, you are seeing a little red but thats because the Biotech Sector has done so well over the past 24 hours because so many of them are working on either tests, trial vaccines, getting approvals. I want to focus on one particular company who received a certification mark in the eu to head forward with their drug and this is a huge thing, the stock up 73 . It has been halted eight times today. Thats the last i counted because the volatility had jumped so high, so quickly. Some other big movers, Gilead Sciences and moderna. A lot of that has to do with the coronavirus. As we take a look at how they have been doing the whole week, look at that, up 8 for Gilead Sciences. Thats primarily because they are working on phase three of their study and this is a particular drug so they are really progressing with that. Then you have moderna, too, up higher for the week because they have also just received higher meaning almost 30 higher they also received new funding to work on a possible vacci vaccine. So you have that coronavirus stuff out of the way. Lets talk about other bright spots that have nothing to do with this big virus thats taking the world by storm. Etsy append square, i know you long on etsy, doing quite well, better than expected earnings. Double whammy when it comes to revenue and earnings. You had a lot of analysts weighing in saying they believe the stock is going to climb higher. Deutsche bank seeing a 65 price target. Right now its at 58. We are talking about square, thats the payment company, jack dorsey is the founder of that, their earnings also stellar. You have price targets for them, upgraded to 90 bucks a share. Needham, 105. A lot of that has to do with the cash app thats doing really well. I want to end on this. Made up anacronym, the stocks should you stay at home because you dont want to come in contact with anyone. Netflix, peloton, which is down today but has been doing well over the past 48 hours, because analysts are believe that people will stay at home and work out, stay home and order food, stay home and watch netflix because they are scared they are going to catch something. I threw in the n. A. P. Add zoom media in there as well. Charles we will try to get that as well known as some of the more wellknown ones. See you later. Thank you. So what moves are there to make as we head into the final hour of trading, because we are off the lows of the session but we are also off the best parts of the session as well. I want to bring in greg valiere and rebecca walser. Greg, a lot of speculation about the Federal Reserve right now. Two things. Christine lagarde downplayed the prospects of an imminent ecb response to the coronavirus. Then charles evans, who is not a voting member, he suggested the fed should significantly overshoot their target. Some people interpreted that as maybe a cut before march, maybe at march. I interpret it as underscoring the fact that if our economy gets weaker and their greatest worry at the fed has been, you know, the inflation, we could be in serious trouble. Even before this, before this virus scare, within the fed there was a growing belief they had to change their inflation targeting. So already, they are accommodative. Already i think they are on the same page as donald trump when it comes to inflation. One other thing really quickly, i would like to mention. That is to me, the most bullish story of the last several weeks has been overlooked and that is Bernie Sanders probably will win the nomination, which means that not only will trump win reelection, i think the house could flip, the senate will definitely stay republican. Thats a tremendously bullish story for the markets. Charles rebecca, i was looking at a chart earlier today, i should have had it for this show, that shows President Trumps Approval Rating and the stock market, they go handinhand so you do wonder what this market could do perhaps to his reelection chances. You are at cpac. Whats the talk down there about the administrations response, particularly as you as a professional investor, are you happy with what you are seeing so far . Yeah, i was just actually thinking what if we had a major pullback, we bought in and then everything gets [ inaudible ] with the coronavirus, trump gets reelected and the fed cuts the rate. This is all great. Thats why we are here at cpac because we want to see how this administration is handling the rise in socialism, the threat to capitalism. We are taking that very seriously. We want to know what will happen this election because we are not a socialist country. Our system is not built that way. The stock market is built on capitalism, not socialism. Charles well, you dont shes got much better music than you, by the way. There are signs that this economy, though, was starting to reignite. We saw it again today with pending home sales. We saw it with manufacturing data, the philly and empire fed numbers. We saw it this morning from durable goods, business investment, the best its been in months. How critical is it that thats not tripped up too much that we can somehow avoid all the anxiety, not all of it, we know some of it will create a problem for this country, but its important that we dont lose that, isnt it . Absolutely. Charles, youve got to say every time theres been a natural disaster, hurricanes in particular, theres a bounceback, a quarter or so later. I think after this, we are still in it, i wouldnt be that naive as to say its over, but once this is over, with a couple rate cuts from the fed, with all the fundamentals looking as good as you suggest, i have a hunch the second half could be quite strong. Charles you know what, im in that camp as well. I dont want to i have to walk, you know, a really delicate line to say hey, im really excited to buy some of these stocks when people are really panicking out there, but you know, i am and i think other people should be. What moves have you made . I think its time some investors will take gains off the table before they see any further pullback. They usually take gains off the table with this situation and there has been a need to do that for awhile for some investors. For others in the long haul, potentially they are looking to buy. We keep going, we will be looking at the stocks that are really at a discount and moving into those sectors like we were just talking about the stocks that are soaring because people will be staying home, not traveling instead of buying the luxury stocks and travel stocks. Charles i think youre right. Liz claman, over to you. Liz im looking down, because we are getting some heads right now on the food and drug administration. They are saying that they are aware the coronavirus outbreak will likely impact the medical supply product chain. As we are watching all of this, it is now on your screen an official coronavirus correction on wall street, as we hit the final hour of an already wild session. Intraday, the dow, the s p and the nasdaq, all dropped 10 from record highs set earlier this month. That is the definition of a correction. Right now, all three are set to close in a correction. Yes. But anything could happen in this last hour so just to keep iter