Manufacturing actually picked up, but only two manufacturers say that sales dropped because of the coronavirus. One retailer said that inventory was hurt because of production issues in china. You look to the San Francisco fed district where the virus is largely been rampant in this country in seattle. I should say the hardesthit area in this country. Theyre dealing with a drop in airline travel. A drop in demand for aircraft from Southeast Asia and difficulty getting parts for solar manufacturers. So not a lot of pain in that district either. Ii want to stress that overall Manufacturing Activity continued to expand across the country and Consumer Spending which has been the lynchpin of this economy actually picked up last month. Now lastly i just want to note that one other concern of companies aside from the coronavirus is actually the president ial election. Now the Federal Reserve will use the information in two weeks when they formally meet for a policy meeting and determine whether they need to take further policy action. As you know, yesterday, the fed took an emergency move to cut rates by half a percentage point, to support the economy from impacts of the coronavirus. Fed chair powell said he is comfortable with the current stance of policy right now. Well see what happens in two weeks. Again, bottom line, here, charles, companies concerned about the impact of the coronavirus were seeing a little pain here and there but nothing on a broad cale whatsoever. Back to you. Charles jeff per, that is absolutely fascinating. We have the optimal capital director francis stacy, Edward Jones Investment strategist, neela richardson. Let me start with you. You have been an government economist. You know this better than anyone. The market initially bounced. We were unchanged slightly here when jay powell spoke. The only thing that stopped us going further was the closing bell. What happened . Was it the fact that it wasnt a coordinated effort . Was it the fact that Jerome Powell does not get the sort, he doesnt eless it sort of confidence from wall street when he opens his mouth . What went wrong yesterday . I think the fed established a fairly predictable playbook for the markets, right . They want to get out ahead. They want to wait for the timing of the march meeting. They cut rates in a way the market expected. Charles but they did an emergency cut yesterday. Emergency two weeks before, of 50 basis point cut. And then not a lot of talk about why now. Led to uncertainty in the market. The market wanted this cut. The market expected this cut. They didnt expect it at the time that powell did it. There wasnt a lot of explanation of why now. I think that is what the market was wanting. Charles you know, the problem here though is, francis newton, is that you know, we just listened to the beige book report. Obviously this is from the fomc meeting, i mean from the fmoc meeting, gathering of the 12 districts. They are concerned there are some disruptions and i think it dovetails personally from the ism manufacturing data which by the way blew the cover off the ball. Coronavirus increased lead times. But what im looking out look remains positive. Business is rapidly improving, construction is off to a good start this is 70 of the economy is saying what the beige book is saying, it is a concern but it has not hurt business yet . Yes. Very through and i, thus far am in that camp. The dow went down and retested 25,000 and held it nicely. The s p held the october 3rdio t have a lot of data in general. They have priced in what they consider have, well really have markets going higher unless there is more bad news, but even markets could go higher on bad news based on that. The other thing we have backing up what you and i are saying, charles, you have 100 billion in the repo market. 50 billion injected by imf. 8 billion by congress and government. We have a lot of liquidity coming into the marketplace right now to support the coronavirus. The biggest risk out there from the financial perspective is problems in the credit market. When you have disruptions in supply chains and demand, sort of disjointed as a result of that. Central banks are ramming in the liquidity so we have no problem with debt service. Charles 10year yield under record low under a tremendous amount of pressure. In addition to things governments are doing, Central Banks and government entities, we saw refinance numbers, up 26 month over month. 24 yearoveryear. Data is little lagging but Third Quarter last year was the best month of refinancings going back to 2017. That is kind of a stimulus plan, isnt it . Isnt it main street stimulus that could offset other interruptions, potential interruptions . Is that enough . Depends on the motivation. Were not seeing people cash out money which means bigger loans than they went in. Seems like consumers were after a lower rate. Back in 2006 they refied into higher Rate Mortgage to get the money out. Were not seeing that money translate. Charles even with lower payments or, i mean it changes your circumstances, certainly your psyche to agree if youre a home inner. If you spend it. If you spend it. Not clear that americans will take effect it they spend it more. Or certainty would the virus lead them to save more. Were seeing Savings Rates higher than average over the expansion, maybe americans will save. What we think is that consumers are wellcushioned. We have good labor market. Incomes are not growing leaps and bounds but grossing faster than inflation and very low interest rates. Theyre already low. It is hard to imagine that even at these rock bottom, sub one 10year yields that will induce people to spend more. They were already low to begin with. Charles there is no doubt, francis newton. I said this a million times, since the Great Recession weve had a different american consumer. One that refuses to get out, get over his or her skis. But that being said, the confidence aspect of it, is also critical. I do want to ask you, the bank of england, ecb, waiting for action from them. We got bank of canada today, a 50 basis point cut. Could additional action from the Central Banks help the market higher . Will we get to a point people are concerned they see something that we dont see . Well, you get to a certain point with Monetary Policy where youre pushing on a string. You just cant stimulate anymore. Then they sort of are saying that theyre theyre expecting fiscal policy to come into play but the coronavirus called that bluff. Theyre doing it early. Theyre maximizing. European central bank and bank of england will follow suit. One of the banks cant differentiate from other banks. That causes problems with capital flows. Charles exactly. Theyre stuck with that. And then the fiscal response has to come in early. I think were going to have highly liquid markets here Going Forward. As long as were not shutting down you know, mass business and schools in the United States, than i think the worstcase scenario is priced in. We have liquidity to spare. Charles herman cain will come on later. I will present the fiscal side of this debate. Ladies, you had the monetary side immensely. I should reiterate, everyone thought the bank of canada would cut 25 basis points. Programs the fed, to your point, francis may force their hands. Appreciate it. As volatility continues, Retirement Savings plans are at the forefront of many investors minds. I dont think there has been as much panic, me personally, 30 years on wall street, i have seen a shifting in attitudes. Were also seeing a shifting in Asset Allocation. I want to understand if this is what people should be doing, particularly long term savings plans. So we brought in the best when it comes into this. Market analyst dan gertrude joins us. Dan, were not necessarily seeing, a lot it is algorithms. A lot is automatic selling by passive Investment Fund but individual investor though, what i have been reading theyre making changes within their 401 k s. So theyre not shutting it down. Theyre making changes in it. Is that a form of chasing, could that actually be problematic . I think it is problematic, charles. The reason why is, when you look at 401 k s it is actually about reverse engineering because you know when youre going to be taking those distributions. Somewhere between 59 1 2 and 70 1 2. So you know what the endgame is. You really need to have an Asset Allocation based upon knowing when youre going to start getting out. So, this is a good time to take a look at what that Asset Allocation is to say, am i positioned properly . Someone who is younger, beginning their careers obviously is going to have a much different time frame as to when theyre getting out than someone who is closer to retirement. Charles right. So lets say you have a couple, early 40s, two kids, and still maybe third or fourth grade, fifth grade, theyre saving not only retirement but their college fund. What im seeing people getting out of equities and for instance, moving it over to something else, money markets, whatever. I feel like, golly, that is sort of a early premature move that is going to hurt your longterm goals . I think it does. I think getting out of equities right now, look. That is not the right play. The goal is not to sell low. If youre in, take a little bit after hit last couple weeks, you have to ride out the storm. You cant get emotional about investing. You know that it is easy for people to say, the sky is falling i have to get out now before i lose everything. Time is on your side when it comes to 401 k s and your 529 plans. So you got to plan accordingly. People who play 2008 in a panic got crushed. Those who stayed in made out very, very well. Continue to make contributions into their 401 k through the crisis. Because ultimately, in that time frame, if they held on over a decade, they tripled their money. Charles dan, got a minute left. Another thing that is bothering me, im glad youre here, over the last several years, particularly in january, when i bring on the wall street experts theyre getting into things that havent worked. Invariably always emerging markets. Im getting into emerging markets because it didnt work. Didnt work last year, the year before, individuals are doing the same thing. Last year in passive funds we saw gobs of money come out of american, u. S. Domestic funds, aimed at investing in American Companies looking to invest in emerging markets. What do you tell folks . I dont like that. I just think, listen, you know these companies, you buy from these companies, you shop there and, i just worry when people keep chasing these sort of ideas as something that didnt work is down to work. You know what i tell people, charles . Lets not get caught up in chasing the shiny object. Charles theyre chasing the dull object thinking it will get shiny our right. You could appeal to people with logic and show is had toreally why these things havent worked. If people invest based on emotion, those types of things, charles, theyre headed for trouble. What more can you do than warn them . Charles amen. Dan, thank you very much. Appreciate it. Of course folks. Were on the market rally throughout the aisle. Which stocks are burning up after Bernie Sanderss super tuesday slump. 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Since the market began this remarkable stumble a couple week ago investors heard over and over again to stay the course even as people making the suggestion were also talking about how they were lightening up on stocks in their own portfolio. So it is confusing and its frustrating. Here are two things i want you to consider. As headlines blair stories of businesses curbing Company Travel and schools closing for a week or two the legos Company Announced it would open 150 stores this year with more emersive in store experience. 80 of those stores will be in china as management aims to expand its footprint there to 220 stores. The ceo stressing the coronavirus, quote, doesnt change our strategy or longterm investment plans. There is another thing to consider and it is something i wrote in my book, unstoppable prosperity. Our approach to life in many ways will influence how we handle stock market adversity. You have to have a great attitude and retain a certain amount of optimism, you will sell low and buy high more than you sell high and buy low. Legos popularity in recent years, im sure you and your children have been a part of. I always stress being part owner of companies surging in popularity but legos is not publiclytraded. Still in 2011 the mem railed night logo train set went for 100 bucks a piece. I saw a version on amazon, for 659. That is 559 increase in eight years, if you bought it and sealed it up. President trump meeting with Kim Kardashian to discuss criminal Justice Reform. First trump and pence are trying to alleviate some of the tension in in in assuring flyers as the coronavirus continues to wreak havoc on the Airline Industry. And i havent touched my face in weeks. In weeks. I miss it. It all starts with an invitation. To feel connected. The invitation to lexus sales event now through march 31st. Lease the 2020 es350 for 379 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. Charles top brass from Airlines Across the nation meeting at the white house today as the coronavirus ravages their profits. Blake burman live now with more. Blake . Reporter charles, there were a few meetings today with ceos and Vice President mike pence tasked by the president toe lead the effort against the i dont know crone. In afternoon ceos from diagnostic companies in the morning ceos from the with the Airline Industry and was during that meeting that the president dropped in and participated at points this is whos who in the industry as ceos from american, southwest, United Airlines were there along with the ceo of jetblue and others. They say they have upped their standards for keeping planes sanitary. Of course one of the obvious questions going into and coming out of this was put forth to the president , do you believe at this point it is safe to fly . And this was his response. I think where these people are flying it is safe to fly. Large portions of the world very safe to fly. We dont want to say anything other than that, and we have closed down certain sections of the world frankly and they have sort of automatically closed them also. They will understand that and they understand it better perhaps than anybody. Yes its safe. Reporter now despite that reassurance there, there are of course fears among many about flying right now. The ceos gave the impression that they would continue to be flexible in the near term when it comes to those who want to postpone their flights. This is a time, unprecedented in, in our history we need to be absolutely understanding of peoples travel plans. Like most of the airlines were taking all appropriate measures to make sure our customers get the best treatment. Reporter charles, President Trump was asked whether or not the airlines, you know whats happened with their stock recently, whether the Airlines Need some sort of federal assistance a shortterm bailout from the federal government and the president shot down that possibility saying ceos in the room have not asked for one. Charles they might be buttering him up. 9 11, we started to get the bag fees and reservation fees. They were temporary because they needed the assistance, blake. Well they never went away. Well see what happens. To your point, American Airlines down 3 . Alaska down 30 for the year. They have been hit really hard. Thank you very much, my friend. Reporter you got it. Next former 2012 president ial candidate herman cain weighs in whether the coronavirus will be. Everyone is talking about the 77yearold comeback kid. Joe bidens campaign saved but President Trump has worked vigorously for the black vote. More on that potential showdown coming up. They dont call it super tuesday for nothing. [cheering] just a few days ago the press and pundits declared the campaign dead . 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. 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. 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Prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor how prolia® can help strengthen your bones. Charles the coronavirus presenting the biggest test yet for President Trump as we head into the election. The president trying to balance his conservative economic policies with giving Health Officials tools that they need to help assist folks. The white house in fact considering a Disaster Program that would pay hospitals and doctors for caring for uninsured people. Are these the right moves . Joining me the new voice ceo herman cain. Herman this, is part of the job. Sometimes youre thrust into a position where maybe you have to do things that go against your own political thinking, orthodoxy, things like that, and i feel like President Trump is in that position right now as he considers how to help main street as the virus spreads . Its called leadership, charles, and im glad we got a true leader in the office of the president. It is called leadership. He demonstrated he is up to the test. Yes, it is a test that he didnt expect because we didnt expect the coronavirus, number one. And number two, i believe that he is making all of the right moves that he can. He limited access to the United States at the end of january. He got right out in front of this. And secondly, he is listening, to the Health Professionals and one other great thing that he did, knowing that he still has to be president of the United States, he put Vice President pence in charge of the team. I think that that shows strong leadership but more importantly, he has shown that he is willing to listen to those who are the experts in this health field as it comes to this virus. Charles on that part im with you a thousand percent. I believe the American Public believes as much too. I look at daily polls that track confidence, things like that. On the other Political Part for november, for the 27 Million People without insurance, health insurance, if one of those folks gets the coronavirus or someone recently quarantined on a ship and was surprised by a 4,000dollar doctor bill, how does the white house intervene there . You will hear the democrats say we had a solution for that. They would have said they would have had a solution but so far, charles, they havent demonstrated they have a solution to anything and i doubt they will have one here. The president and his administration are looking using an emergency funding mechanism in order to take care of those people. There again, it is leadership. The reason that they havent just said were going to do it because there are is needed to be dotted and ts that need to be crossed before they do that. Secondly they dont want to put Emergency Rooms at jeopardy without understanding some of the risks by saying were going to pay for it, just show up at an emergency room. There are other considerations that i think are smart but ultimately i dont believe this president or this administration will allow money to be a barrier in helping people just because they do not have health insurance. Charles ive got some breaking news coming in right at this moment. In fact an 11th person has now died from the coronavirus. This death being reported from california. So first one outside of washington state. The victim was anelderly adult with Underlying Health conditions. Herman, get your thoughts on that. We see a theme with folks passing away in this country. As numbers grow, again it magnifies this challenge. It does magnify the challenge but when you look at the containment efforts done here in the United States, i dont believe they could have been, they could have been done any better. Secondly, most of the deaths unfortunately and obviously we pray for the comfort of the families of those who lost loved ones, most of them have had underlying medical conditions. Because as you get older, your resistance and your ability to, the ability of your system to fight off different viruses and diseases becomes weaker and weaker. And so the good news is, most people under 40 have been able to recover and been able to go home. The first 14 cases that were identified here in the United States little it be known by a lot of people that in fact most of them have been cured, released and gone home. Charles right. So youre right, it is unfortunate that we still have some cases but when you put it into proper perspective terms of it how some other countries have not contained it, the United States is doing a great job. Charles herman cain, you always do a great job and we really appreciate your wisdom and Everything Else that moment. So thank you very much. Thanks, charles. Always enjoy being on with you. Charles same here. Mean while, folks, joe is back. Thats right, joe biden scoring massive victories on super tuesday, revitalizing a campaign that the pundits had declared it was dead. People are talking about a revenues. We started a movement. We have increased turnout the turn out is turn out for us that can deliver us to a moment where we can do extraordinary, extraordinary things. Charles turns out it was a knockout blow to Michael Bloomberg who has suspended his campaign and endorsed biden and possibly to Elizabeth Warren who said to be reassessing her campaign. Looks like the establishment gambit has worked, folks. The question now, will bernie play along if biden keeps on winning. Joining me to discuss Fox News Contributor deneen borelli, from the sanders 2016 campaign, tezlyn figaro. Let me start with you, you know a lot of people upset, you had all of these folks drop out of the race right before super tuesday. They endorse, they endorse biden, take him over the finish line, perhaps minnesota, massachusetts, maine. Could be completely different story but the establishment did circle the wagons and their guy is certainly in the lead now. They did circle the wagons. People have to take ownership on their own campaigns. Elizabeth warren certainly didnt drop out and lost her home state in addition to the state she was born in, oklahoma. She lost both of those. Some of these people have to take the l for what it is. Bottom line im in texas. Joe biden smoked everyone like a texas brisket. Be honest about it. Charles are you surprised how he won . Just a week ago, under sanders was in the high 30s in some polls. Urban centers, houston, dallas, are they becoming so blue that the state could become blue . Im not surprised at all. I never believed polls. That is again why we have President Trump in office. Folks believed in poll always been misled. I dont believe in polls. I dont believe twitter is the electorate. Texas likes small government. We like entrepreneurship. We like the fact we dont have to pay taxes. When you look at texas, moderate voters will not lean towards a democratic socialist. Im not surprised at all, what im so surprised people not actually talking to folks on the ground and believing the hype. Like flava and a half said last week, dont believe the hype for Bernie Sanders. I did work for him. Were in a different political climate. People want to grow the economy. They may not see that and may not be a supporters of senator sanders. Charles insults, deneen, warren, some are praising her essentially taking out Michael Bloomberg certainly seemed very selfish. That is the epitome of these politicians. Warren and bloomberg probably stayed in too long. It didnt help their particular cause per se. Youre right. They have stayed in way too long. Well see when Elizabeth Warren plans to withdraw and when she does this week, who knows. It is interesting how the Charles Bernie will say it is too little, too late. Elizabeth, you should have done that a week ago thats right with his finger in his face. Well see what she decides to do. The timing it interesting, when you had buttigieg and you had klobuchar come out. Now theyre supporting biden. Biden is a flawed candidate. He has Big Government policies he wants to push on this country. Looks amazing compared to the socialists, lets face it. I get there as we get close to the november and perhaps biden is the ultimate candidate. Wall street is teethal breathing a sigh of relief. Looks like the socialist is not in the drivers seat. I want to talk about another phenomenon, black vote coming out huge for joe biden. No question about it this will be issue for sanders Going Forward but heres the thing, going to november, President Trump has been working really hard on all of this. He made criminal Justice Reform a key part of his agenda. In fact once again today, he welcomed Kim Kardashian and alice johnson. He announced commuting sentence of three women. Deneen, i could see a showdown in november for the black vote between biden and trump. The president is making great economic policies for americans and especially for black voters. He asked, when he was candidate, what do you have to lose . Were seeing the results from President Trump. Economic empowerment, jobs, wages are going up. He is pushing for School Choice programs. So he is looking at how americans are benefiting from his policies. I think black voters are going to take a second look at President Trump. The numbers are going up. You look at Rasmussen Reports for example, his total black vote support is as high as over 40 . Democrats are desperate right now because of the potential that black voters will bring to the table for trump. Charles tezlyn, your thought where black voters may go if it is trump versus biden . Black voters should go wherever they want to. Unlike my liberal colleagues i have no problem with blacks being republicans, democrats and independents. I hope we follow the lead of hispanic voters leveraging out voters between two parties. I was social justice director foreBernie Sanders. I finished volunteering in the prison. That is my number one issue. I do think the democrat could not talk about Prison Reform as a blank issue or gun violence as black issue but talk about entrepreneurship. Mike bloomberg had policy addressing black homeownership, not people of color or minorities. Democrats can learn to do better on the economic talking point. If republicans feel they can do better than democrats by all means, show us the bag. Black folks will have the opportunity to decide where they want to go. I have absolutely no problem with it. Charles if it is these two candidates i do believe a lot of black voters, you made a point earlier, tezlyn, about the independent thought and independent streak in texas. I think Everyone Wants a bite of that apple these days. Ladies, deneen, tesla, you both are fantastic. Thank you. Charles colleges are canceling study abroad programs amid the coronavirus fears. Are schools doing the right thing or is this an overreaction . Thats next. As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. I waited to get treated. Thought surgery was my only option. But then i found out about nonsurgical treatments. It was a total game changer. Learn more about the condition at factsonhand. Com how you watch it does too. Tv just keeps getting better. This is xfinity x1. 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Most universities following the lead of the cdc in keeping watch and canceling study abroad programs. That is exactly what the university of Southern California has done. They canceled the study abroad programs. Brought students back from countries including china, south korea and italy, monitoring others as well. As far as here on campus go, most of them we talked to a few, most shrugged off said they will carry on. Quite busy too and from class, mingling around together. A few face masks. Not that many overall. They say students risk of going abroad go beyond direct infection. Risks to individuals traveling is about a community disrupted there might not be access to basic services as it is from the disease itself. Reporter of course usc not alone. There are up and down the eastern seaboard, across the country universities are canceling their study abroad programs, particularly in level 3 nations i mentioned earlier. We should say it is spring break time, particularly for the east coast. Usc here advising students not to travel internationally for spring break, not only because of risk of infection, but they could get stuck somewhere in quarantine. Something to keep in mind as students begin going this weekend and next on spring break. Yeshiva in new york city confirmed the First Student case. They have closed one of their campuses in the city. Continuing to monitor this as we go, charles. Right now, students here on campus are going about their daily business and going to class. Charles looks very strange quill there, robert. I was in the airport in laguardia and reagan. Of the whole scene i saw one person with a face mask. About colleges real quick, would it be madness to cancel march madness . Reporter that is a big question, right . Weve seen italy canceling soccer matches, banning folks from being able to attend, spectators. Weighing on the mind. I was looking, you look at spokane, washington, los angeles, are sights of some early games in march madness. Certainly has to be something that theyre talking about. Theyre taking out contingencies. You hear about a big insurance policy ncaa has in case they cancel the entire tournament. That would be something that would drive home. Well wait and see. At this point doesnt look like that is going to happen. Obviously we have to wait and see. Charles take it day by day. Robert, great seeing you my friend. Thank you. The democratic primary all but officially a twoman race now. Health care stocks surging as the Democratic Party appears to be boxing out Bernie Sanders successfully and Mike Bloomberg out and endorsing joe biden campaign. Ashley webster, bloomberg will speak soon. Any idea what he will say . I think he will echo those same thoughts. It its clear i cant get to the math is not working for my nomination. I will throw my support behind joe biden. Moderate setup of joe biden, setting up against socialist Bernie Sanders. It is fascinating stuff. We will be taking that press conference. It is scheduled for the top of the hour. Well of course bring that to our viewers. Well follow the very latest on the coronavirus including a fox business exclusive with a dr. Jacob glanville. He was featured in the Netflix Documentary pandemic. He is working on a cure. Well get his thoughts on handling the coronavirus where it can go from here. The allimportant last hour of trading. I will try not to blow this rally and do my best not to. Charles thank you, ash. Make sure you tune into the claman countdown. It is the most exciting hour of the market at the top of the hour. While Health Care Stocks are popping, there is cautious tone to this market, folks. Next i have two guys who know a thing or two about making money. They will tell us what we need to know as we head into the final hour of trading. Maybe have we hit a bottom . 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By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com charles the Dow Jones Industrial average up 800 points as we head into the final hour of trading. On friday, of course, there is also the allimportant february jobs report that comes, well, it actually could dovetail with a litany of great Economic Data that really says, you know, we have done well but then again, theres the question of how investors should measure all this against the coronavirus and all the unknowns. Two very powerful trends. I brought in two of the best to help hash it out. You know, gary kaltbaum, we saw a strong adp number, strong refinancing numbers, very impressive ism nonmanufacturing number, strong construction numbers. Theres no doubt we had some economic momentum going into all of this and theres no doubt we dont know where we go from here. Has the market reacted appropriately . Let me put it best. On friday, on the great fox business, i thought we had this big gigantic climactic washout of all the last sellers. Im still on that call at this point in time and i know we got hit for 800 yesterday, back 800 today, but i think thats going to be correct as we move forward. I do not think its going to be a straight up affair. As you said, theres just a lot of variables Going Forward with this virus and where it goes. Just on a minute by minute basis we are hearing about people canceling things not only here but around the globe. That has to eventually get factored in. The numbers coming in from the past have been great. I just wonder Going Forward. Charles hal, to that point, moments ago, United Airlines saying they will lower their domestic flights by 10 . This is a stock thats off 34 and among the worst performers of the year, so again, we kind of know that this is happening, the stock is only down 27 cents on this news which underscores the point we are trying to make here. How much of the bad news is already built in and how much good news is not built into this market . You know, quite frankly, thats going to depend on what the media does over the next month. I have never seen anything like this from a coverage standpoint. Theres definitely a disruption in the market, theres definitely disruption in Economic Activity but its not the virus, its the fear of the virus and the fear of the virus is being pushed on a nonstop basis. I mean, this is unbelievable. If you compare this to the h1n1 that came out in 2009, in april 2009, h1n1 in the United States killed over 12,000 people. It killed over 575,000 people worldwide. There werent shutdowns of factories and plants and all this coverage. Its unbelievable. There was no criticism of the obama administration. They had half the vaccine needed that fall for people so they didnt have enough vaccines. There was no criticism. I went back and looked at it. Honestly, i think this is becoming charles as a money manager, though, are you trying to take advantage of that . Well, yes. I think for sure, we are going to see the market i think the markets are going higher over the next year. The question is what happens in the short term. I think the short term, we can still have bad news coming out because what they are going to talk about, more shutdowns and closures. Its real. The economic disruption is real. Thats definitely going to be a problem with earnings this quarter. I think by the summer we will have a lot less problems with the virus and fear, and i think people need to look out right now and take advantage of any kind of fear in this market, in my opinion. Charles gary, todays session is intriguing, just like mondays session, when the dow was up 1200 points, because its being led, taking out health care which is a specific issue to the fact that Bernie Sanders is maybe not going to win. Utilities are number one, real estate, number two, Consumer Staples number three. All historically defensive areas to put your money. Do we need to see that broaden out before you feel like okay, maybe were getting momentum . I think its broadened out a little bit. My leading growth page is bright green today, my favorite names, i got a few up, 10, 11, 12. I think were okay in there. Again, i do not think the virus will break a strong bull market. I think it will stop it in its tracks for awhile. Remember, normal bull markets do have 10 to 15 corrections. They usually happen over three months, not five days. Thats why this is a little more noisy. Im trying to give this market the benefit of the doubt, knowing its eventdriven and hoping and thinking since in the past this is going to go away in the next couple months and i think its going to be one heck of a buying opportunity. There are some Technology Stocks out there that are growing their business 30 , 40 , 50 so i am all over them at this time. Again, the news is fluid. We have to watch ourselves. Best news is sanders looks like hes out of the game. I think there was a big discount in health care. Defense stocks are strong today because he was going to cut them down at the hip. I think thats very good news. Charles hal, you talk about the headlines here a little bit. The last three sessions, in the middle of this show, we had to announce additional deaths from the coronavirus. Meantime, the market did not go down. Again, today, it was an elderly person who was on one of the cruise ships and it seems like the market is handling those shocks, those headlines, better now than they were a week ago. It certainly looks that way. I agree with gary, i think there was a bernie factor in this whole market selloff as well. It looks like he may fade to joe biden here so i think thats helpful for the markets because theres always a risk in november that you get the wrong candidate in there. So i think were at a point here where the markets are starting to look forward. Everyone knows that this is going to affect earnings. We have already seen it happen, companies have announced, so i think people should take advantage here of some good stocks. I think technology and leaders are going to come back. Charles got to leave it there. To garys point, mondays low also held. Mondays low, fridays low, im with gary 1,000 , keep those on your screen. Thank you both very much. Of course, you can catch gary tonight on bulls bears at 5 00 p. M. Right here. Dow jones industrial average up 857 points, ashley. Its all you. Ashley i will hold on to it. Thank you very much, charles payne. Great stuff. Well, they are calling it the biden bounce. Markets rallying after former Vice President joe biden had a strong super tuesday showing, winning 9 of the 14 states in play, and yes, Health Care Stocks driving markets higher. The dow up 868 points, the s p up more than 3 , the nasdaq up 2. 5 . The markets move as the last billionaire standing bows out. Mike bloomberg about to make a statement about his candidacy for president at any moment in new york citys times square. We will take you there live as soon as it begins. All of this comes