But did bern knee pull biden too far to the left . Well react. It is monday march 16th. Fbn am starts right now. Cheryl here we go, welcome to fbn am and good morning everyone. Im cheryl casone. Lauren good morning to you at home youre like lie watch withing from home not the gym not work this morning thank you for joining us im lauren simonetti. Cheryl lets take a look after feds dramatic move late yesterday. They cut rates, and they agreed to 700 billion in bonds purchases e mostly treasure reis. Some of those mortgage back securities were limitedded down overnooght for the s p and nasdaq right now dow down and s p down 128 and half nasdaq is is down 3. 59. 75 and cannot go below 5 and remember, though, folks dow had biggest one day surge since 2008. This is volatility. Lauren take a look at the ten year treasury how pan pick investors are really down, 7 . Cheryl on fed moves we saw oil go briefly below 30 a barrel overnite right now were at 30. 10. But thats selloff 5 for oil this is the economic had story, is there a global recession on horizon . Gold that safety play, were actually seeing a bump in gold this morning up a quarter of a percent. Lauren stocks in asia dramatically lower overnight sea of red. Hang seng and worst perform or down and shanghai down 3. 5 a slew of chinese data retail sales down 20 production and special production down 13 , and now as there are more worldwide cases of coronavirus outside of china, that data in china shows us what we could be facing. Cheryl continent further into lock down there more than a thousand deaths now confirmed in italy. The second highest number of cases in the world. Were seeing pressure on the dax right now that market is down 7. 56 and cac 40 down 8. 5 and down 7 this morning. Lauren Federal Reserve taking Emergency Action to protect the u. S. Economy from coronavirus central bank and surprise move yesterday. Slash its bench mark lepgding rate by one full percentage point to near zero is. The fed also restarting it bond purchases, announcing planning to buy 700 billion in treasury and mortgage back securities in coming months. Cheryl pal discusses in a News Conference yesterday. Actions we have announced today will help American Families and about businesses in a indeeds our entire economy whether this difficult period and will foster more vigorous return to normal once disruptions from coronavirus evade. Cheryl whens that going to fight and a fight the spread is of the coronavirus because they know it is going to take a toll on u. S. Es economy. Expected to cut the fed funds rate by a percentage point at this week meeting, obviously, that is off the table. They made their move yesterday. Lauren aing vaccine for coronavirus today the first participate will receive the first dose, the trial is being funded by National Institute of health and will take place in a Research Institute in seattle. Now Health Officials say it will take anywhere from a year to a year and a half maybe two years before any vaccine is ready for the public. And shares because theyre taking part in this trial of three and a half percent when Everything Else is is mostly lower this morning. Cheryl well from schools to museums, even restaurants, a lot has changed if in the last 24 hours. The businesses across the country is really changed and theyve been forced to close their doors coronavirus epidemic has worsened coast to coast. Lauren foxs Aishah Hasnie has latest for us. Good morning lauren and cheryl weve never seen anything quite like this and start with new york city where restaurants and bars begin closing on tuesday take out and delivery still aloud. Same thing happening in los angeles, nightclubs, movie theaters, gyms, closed at midnight for rest of the month, and other cities like miami are now issuing cur curfews mgm closing indefinitely. Illinois, ohio, and washington among the states also shutting down dining in at bars and restaurants, state and local leadsers emphasizing that these orders are absolutely necessary as covid19 cases spike to more than 3,000 across thing nation, more than 60 people now dead. New york city may a your bill de blasio writing this, this is not a decision i make lightly. These places are part of the heart and soul of our city. They are part of what it means to be a new yorker. But our city is facing unprecedented threat and we must respond with a wartime mentality. President trump calling on state leaders to step up local containment efforts tweeting, the individual governor estate and local officials must step up their efforts on driveup testing and testing sites. Working in conjunction with cdc and federal government and that Coronavirus Relief bill still not on the president s desk. Senate Majority Leader Mitch Mcconnell announcing senate will convene today and may even come up with its own version. Meanwhile mcconnell also added that more covid19 bills are necessary and could be coming down the pipeline very soon. Lauren, cheryl. Lauren all right aishah thank you it Airline Industry is reeling from coronavirus United Airlines cutting flights in half starting next month. Awflg this as International Passengers wait in jampacked custom lineses that didnt observe social distancing. And they did so for hours. Cheryl pirro in new jersey with how Trump Administration is responding to this. Todd good morning. Reporter lauren and cheryl good morning a quiet with scene here at the new york airport but it was a much different scene yesterday. Check this out. Just a few hours ago, travelers packed to the here waiting in custom lines the exact opposite of the social distancing authorities are pushing that scene repeated at airports throughout the country. Including it in chicago, where the mayor lashed out at the feds. The federal government Must Immediately and significantly increase personnel devoted airport screening. And rather than sending i. C. E. Into the streets, send screeners to our airports thats what we need. 1 airport processing travelers from overseas with Homeland Security chief chad wolf promising improvement ahead. Get a limited number of airports including chicago are unacceptable. We e did make necessary adjustments at 12 of the airports were glad so see Search Airlines and step up partner with us to help address this this unprecedented situation. Within of those airline as united which announce a cut in flight capacity by 50 in april and may, with while predicting those cuts with last into the Summer Travel season. Delta announce reduce flights to europe including suspension of certain roots american reducing its International Capacity by 75 as well. But while rushing back from overseas is understandable. Dr. Anthony man on the frontline this have crisis says it is not necessary. We like to not see crowds like that, i mean, think what people need to understand if youre an a American Social citf youre a Family Member that you can get back. You dont need to rush become and on the understandable how people see a a travel ban, they immediately want to hunk hadder to get home. To help travelers better prepare tsa has a brand new coronavirus website to help travelers through the security screening process. Lauren and a cheryl back to you. Cheryl wall street is waking up who could be another day of major losses after that emergency 1 rate cut by the Federal Reserve and bring michael lee strategy and mike you say markets have it wrong this morning. Why . Absolutely. What the fed is saying right here is theyre going to use every bullet they have every tool they have top ensure that this economic contagion thats coming from con age will not spread to liquidity crunch as a rule of the coronavirus the fed is right to come out. This is the second im sorry this is the third unannounced Emergency Action the fed has taken. I dont know how many tools they have left. Im sure is they can get much more creative but now you have a bond bond program not only treasury in mortgages plus a trillion and a half in repurchase agreements to enshu that dealers, asset manager, bank have enough money to talk daily operations. Cheryl criticism against this emergency move last night is this is not 2008 and they are jumping gun here. But your opinion is more that theyre actually getting out in front of this and that market as have it wrong if we have it wrong. Then why why are we limit down to futures market right now . Is this Program Trading i dont you know we are still in a state of unknown. Okay markets have good news markets can handle bad news and cant handle no news, and the inability to quantity that this coronavirus will have. To me as a investor is closing of bar and restaurant in california. In new york, they are looking at a how serious this is, and how much of our country is going to be on a lock down. I believe that well get through this. I believe bottoming process started and were closer to tend than we are to the beginning. But this is extremely unsettling and you know, these bottoming processes are not technical. Theyre not economical and emotional and i dont know anybody thats been watching market that isnt getting emotionally drained at this point. Cheryl youve said this before this is wrong time to jump in and panic still traders on deaths around new york city and around world are looking at gotd man sachs says theres going to be zero growth for First Quarter, Second Quarter pretty much the same situation thats a recession and thats what you have to wake up if youre on frontline in market this is morning thats what youre waking up to. Just a little bit of good news from this is because i think this coronavirus will straddle First Quarter and Second Quarter. We may actually not technically enter a recession because you dont measure gdp from may first and well have good months on either side of it so positive growth just a technical you want to get nerdy the committee theyll tell us about recession we can go on and on about stuff thats going on on markets mike as always thank you forking being here. Appreciate it lauren over to you. Experts say it can tick a year before any Coronavirus Vaccine becomes available to the public. How can can you keep yourself and your family safe in the meantime. Taking it too far, jokes about the coronavirus are cries for toilet paper. Headlines that have us what are they thinking . Well coming up on fbn am. Ess in the Transportation Industry without knowing firsthand the unique challenges in that sector . Coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. Thats why i go beyond the numbers. Yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its the most open and secure public cloud for business. It can manage all your apps and data from anywhere. So it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. Without getting in your way. Its surprising how the bigger a city gets. The smaller it starts to feel. Which makes it even more surprising, how big it feels in here. With sliding rear seats. And more available second row legroom than say. A chevy suburban. This is the completely reimagined 2020 ford escape. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. We are solving problems that improve lives. I need all the breaks, that i can get. To one that can take on a bigger challenge. 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. We need to focus on how to ramp up testing, private industry and Public Partnerships are mobilizing today to deal with the testing problem. That will be behind us. Treatment, what ising working, we know that gilead antiviral treatment has already gone into patients. There are more than 30 antiviral treatments that we are testing today. Lauren that was philanthropist speak on sunday morning futures about advancements made to fight coronavirus and infectious chief dr. Straus is here to talk, good morning. We know a Clinical Trial starts today. So were moving fast with the trials with the vaccines. But we are not moving fast enough. Or are we . We are not. I can tell you from frontlines the Medical Center has been hit very hard been a hum onlying experience. Now weve been taking this very is seriously ever since reports came out in late december weve been preparing for this. But i will tell you this is a quickly evolving situation weve been collaborating with our fellow doctors, other medical institutions to really keep them informed. Lauren how long ho does it take you to get results of the test becauselet say 27 to 96 hours you have to keep that patient in isolation so wasting resources and wait to see if they have even coronavirus. They can say you have this and go home and a selfquarantine or keep them in the hospital youre right keeping them in the hospital we have to keep them under strict isolation so we know exact test. How many patients do you have with coronavirus . This number is increase rapgdly over weepgd taking a quick break here from frontline but a quickly moving evolving situation. Lauren were with looking at pictures the google a pilot of a screen isinging and testing website theyre testing this in the San Francisco area if you think you have coronavirus and answer some questions and then theyll send you wherever to get tested. Heres my question. If google this information on us and we know that this was done in south korea and china are we in the process where Tech Companies will start to socially track fuss, our temperatures and our whereabouts . Were all for tell medicine for technology, to really help we need a lot of help. We are certainly concerned holy name about ourings ifs our nurse frontline prfortds. Exposures and need to selfquarantine not take this disease et cetera. So we need all a of the help we can get utilizing medication and nurses any technology we can with use to help triage to take care an monitor those that are less sick as very much welcome. You think that is a good they think. I do. When do you see a spike cases . Incredible amount of cases in last few days norton, new jersey holeily name Medical Center sent you center of this pandemic in new jersey. Because youre near teaneck new jersey under selfquarantine. Brave and very bold and took that measure which again, i think is very important for the general public to understand that is what is indeed needed at this point. We all know okay if youre not feeling well you stay home and selfquarantine for Health People avoiding large gathers et cetera is most important not all of us can work with from home but those that can limit social gatherings. Go to Grocery Store if you need to and pharmacy to get your medication and stay home as much as you can. Cdc says no more need for social gatherings for two months time. L all january and february they have word draconian operation and it was a flat net curve and lower number of cases. Now more than china what does that say to you . Cat is out of the bag. We look at way this spreads. We have containment patient has a disease we try to isolate them. Now it is gone beyond that and really mass mitigation social mitigation at a extreme large level. Lauren doctor thank you. Thank you for coming in and thank you for everything youre doing helping us from this. We with appreciate it. Cheryl and coronavirus is on minds of Market Participants looking at u. S. Features we have limited down in futures market for third time in just over a week. Fed cutting rate to near zero markets not impressed although our guest mike lee said that markets had had it wrong today. Hes going to be on fox later on in the morning right now the dow down 1,031 and nasdaq down 359 and three quarters all finished last week in bare market territory and, obviously, keeping you abreast of everything in your markets. All this 2020 hopeful go headtohead at lasting night debate and did Bernie Sanders succeed in polling joe biden to the far left . Plus a big change coming to costco today it has nothing to do with the coronavirus. Imagine that. Keep it here on fbn am. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. Theres a me no one knows waiting to be set free so, whats the empty suitcase for . The grand prize trophy i was born to be somebody lauren nationwide academic taking center stage during first oneonone debate between Bernie Sanders and joe biden the candidates waste no time slamming President Trumps response to coronavirus. Well first thing weve got to do but were not on president is to shut this president up right now is unacceptable for him to be blabbering with unfactual thftion. The World Health Organization offered, offered to testing kits that they have available and a to give it to us us now. We refused them. Clearly we are not prepared and trump only exacerbates crisis. Griff jenkins live in washington and griff candidates did not agree on much else did they . They sure did not going cheryl and lauren ignited and divided every issue given American People quite a contrast between where candidates stood in a historic debate that began with a first ever elbow bump. Weve never seen that before and, of course, they were treated to their positions temporary to buy 6 feet and it was in the thousands of no Live Audience all ised by cdc and began to scare off in the back drop of a Global Pandemic sanders signature issue medicare for all a was center stage. It has nothing to do with medicare for all. That would not solve the problem at all. We dont have a system weve got thousands of private insurance plans. That is not a system that is prepared to provide health care to all people. You have a pay or system in i. T. Ily it doesnt work there and we need unprecedented action right now to deal with unprecedented crisis people are looking for results not a revolution. Beyond coronavirus they made the case to progressive sanders but took some opportunity to reach out to far left leaning in thes on issues like immigration fracking, and a his running mate. There are nusm women who are qualified to be president tomorrow. I would pick a woman to be my Vice President. But i will send to the desk immediately a bill that requires to access to citizenship for 11 million undocumented folks and first 100 days of my administration no one, no one will be deported at all no new fracking no more drilling on federal lends. Leading current count and tomorrow primaries 577 delegates up for grabs in four states, arizona, florida, illinois, and ohio. And right now lauren and cheryl all for the state say that contest will proceed as planned. Cheryl all right Griff Jenkins live for us thank you so much. Lets pick up on griffs reporting president ial hopeful joe biden moving further left in last night debate as griff just reported trying to quote more of the liberal voters is Bernie Sanders to blame in all of this and was it effective message lets bring in political analyst and 016 Sanders National staffer. Always great to have you. Good morning. Thank you for having me. Cheryl thank you how pesktive was biden going after that liberal l left voter had it came to issue of a female Vice President as running mate . Fracking, getting rid of drilling on federal lands and immigration did he go far enough to the left do you think to court voters who do not have a candidate on stage anymore . Yeah he made the case he put it out there to say im open to your idea but at the end of the day i can tell you that sanders supporters are truly burning butts folk it is doesnt matter if he quotes with and gets on one knee asked to marry voters if bottom line is if this is not senators on ticket i believe a great deal of the voters will be lost so important for joe biden to remember that reason why, a lot of americans are not going for senator sanders simply because of social pism so if he continues to go to left just as a way of i would say trying to court oren pandering them hell lose, so independent voters he needs to full stop. I think bernie supporters make their mind up whether theyre going onis board with with democrat nominee or theyre not and focus on road ahead. Cheryl where do they go if Bernie Sanders dont get behind joe biden as youre saying are they going to votes for President Trump or stay at home . A lot of them did. I know they like to throw out statistic that more voters voted for hillary in 2016 and more Bernie Sanders voted for hillary clinton, than those in previous elections, with barack obama, but the bottom be line is bernie folks are very committed to him, the personality. They truly feel like this is their last opportunity and last hope. I dont know why. Because policies continue to grow and it continues to have incremental change but Bernie Sanders has been able to effectively sell a mass that it is either him or nothing at all. So these voters a lot of them will move forward with the democrat nominee but a lot of them will either stay home some vote or for trump out of spite and some of them will say go to green party saying exit already committing lead in Democrat Party and that is fine with it because they feel like the democrat in the first place so get a word out for everybody. Well before you go look, obviously griff just reported this going to be four tomorrow at this point planning to move forward in coronavirus but other primaries that may be moved to later dates. Even new york theres discussion about that now. Does that help or hurt joe biden . Joe biden has been automobile to bring out we see that whats been shocking the volter turnout about that pretty large and been benefiting joe biden even though not a lot of money or ground game. I think this really comes down to state in where they see themselves. I am really i lived in florida for a very is long time thats my political Stomping Ground i can tell you that florida vote leers come out they take a lot of pride in their position and president ial politics. So i dont see it being big difference in florida and ohio and move forward hearing that georgia may postpone elections and so forth may make a difference but tomorrow i think the game is still on. Game on with you thank you for being on. We appreciate it. Lauren lets take a look at headlines making news this monday and stepping aside from politics to enter rehab the former florida gubernatorial candidate say another man in that room allegedly overdose on crystal met. Gillen who lost now governor ron delaware san toes in 2018 said he fell into a depression led to alcohol abuse since the race. Well President Trump says hes strongly considering a pardon for former National Security advisor michael flynn. Flynn needed guilty to lying to federal investigators conducting the russiaing investigation in a tweet the president claims, lost records related to the former National Security advisor a federal judgest last month indefinitely postpone his sentence flynn has also l moved to withdraw his guilty plea saying federal prosecutors acted in bad faith. And finally ticktock say it will no longer use china based moderators to monitor overseas content that according to reports this morning instead shift more than 100 china based moderator to other positions within company. The move is part of an effort by ticktock owner to distance himself from concerns that its a chinese operated company. Well asia markets selling off and fedding mag a dray itmatic sunday night move lowering Interest Rates to zero but markets are not responding this morning at all an forced to do more to counter Economic Impact of the coronavirus at the fed. S plus a big day for tom brady could his days with the nulled patriots be coming to an end . Youre watching fbn am. Driverless cars, or trips to mars. No commission. Delivery drones, or the latest phones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Cheryl theres a warning cheat sheet to get you through the day Federal Reserve trying to counter Economic Impact of the coronavirus slash by one percentage point to near zero and slashing in coming months that scene for coronavirus tested today and trial funded by National Institute of health and madarno take year and a half to two years before any vaccine is ready. And joe biden has committed picking of female run aring mate if he winning democratic nomination all eyeses on primaries and 577 delegates up for grabs. Arizona, florida, with illinois, and ohio georgia and louisiana are postpone their primaries over the virus. Lauren. Lauren Federal Reserve not waiting for this week policy meeting to slash is its bench mark a Interest Rate by a full percentage point to near zero stead stepping in to support the u. S. Economy from coronavirus pan dem egg. David investment strategist here to discuss. Good morning, david. Why is Market Selling off after feds yesterday . We got Investor Confidence issue we dont have an investment issue we have an Investor Confidence issue weve got everybody staying at home number one. Number two it is everybody worried about the economy. Look the economy is going to slow down theres no question about that number one. First quarter were probably going to see zero to half a percent. Second quarter well be my new 5 but investors themselves chairman powell lasting night was your heart surgeon. Came in, put in a stint into your heart and even though you didnt have is heart pain so this is going to take too many to move through system what were here for is so make sure that blood goes to rest of the body so that longterm the economy comes back in a roaring fashion if. Lauren lets say youre right and a Goldman Sachs agrees with you what does that rebound in second half of the year look like . It could be huge. Could be 4 in third quarter. 4 or 5 in fifth quarter to restock is shelves. So demand is something that we might see few months from now . Absolutely. I know that myself and a lot of other people we stood inside all weekend we went for walk, these type of things but were not doing thingses that we normally do. Vacations, concerts, you know buying stuff americans like to do. They liking to go, were only going to be constrained for so long after that the spring is going to come back up. I think a lot of people hope that youre right that this is just a short term contraction shortterm pain a lot of people are saying so much that fed can do we need fiscal stimulus you have the meeting today can they do anything to help the Global Economy . I think no question there has to be a coordinated effort by all a of the if i feel to make sure were all healthy number two is going to come back to create within each of their countries in order to make sure is that the underemployment or those that have to take breaks on earning money are considered and they are able to number within maybe the further debt payments. Number two, more unemployment stimulus. Do you think it speaking of stimulus that well get a bailout thats honestly what it would be. I know it is a controversial term but Airline Industry will get a bailout, for instance . I think right now the Balance Sheets almost airlines are pretty healthy. I mean, were going to have to see more dramatic reduction on a longer term scale before you see any sort of bailout even talked about i think more seriously. Delta airline as probably the number one carrier right now, followed by several others. You know, their Balance Sheets are very is strong. All right david it thank you for putting it all in perspective for us we appreciate it. Stay healthy. And more store country are closing over pandemic all nike stores until march 27th apple location outside Greater China going to be shut until march 27th. Starbucks Closing Stores that includes those in high social gathering areas that says other locations operate only asking to go moldses. Cheryl happiness place on earth is going dark disney world and land both closed until end of the month. Well heres a look at what a else is happening today. The senate is going to vote on legislation to renew parts of the foreign intelligence act. Bill add new privacy protections under the fisa law to address misconduct concerns in the fisa court system. Legislation pass with large bathroom support on the house. President has not indicated he plan os to sign that legislation. Nfl announcing overnight that it will go forward with its Free Agency Period despite coronavirus starting today. Six teams super bowl champion with the nulled patriots tom brady can begin to negotiate with other teams. 42yearold has been spending entire 20 year career with the past. Oms options might be limited and costco going to require a membership card for Everyone Wants to dine at food court costco says a membership is always been required but the policy was never enforced until now. By the way if youre interested costco membership 60 dollars year seems like a bargain as we look about for toilet paper. Live coming to grinding halt with city wide curfew restaurant and gyming being forced to close down to help stop the spread of coronavirus. How will Small Businesses survive in all of this . And how can you help them . Cheryl plus a converted airbus that looks like a flight penthouse apartment. A look at world newest ten Million Dollar private jet. And as we head to break, heres a look at the price of a gallon of regular unleaded it right here in u. S. 2. 26 a gallon. It keeps going down. Gee. One of the products i helped develop at 3m was a more secure diaper closure. There were babies involved. And they werent saying much. Thats what we do at 3m, we listen to people, even those who dont have a voice. We are people helping people. Can be tough. You diet. Exercise. But if youre also taking Fish Oil Supplements you should know they are not fda approved. They may have saturated fat and may even raise bad cholesterol. To treat very high triglycerides, discover the science of prescription vascepa. Proven in multiple Clinical Trials, vascepa, along with diet, is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33 , without raising bad cholesterol. Look. Its clear, theres only one prescription epa vascepa. Vascepa is not right for everyone. Do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. 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. Cheryl concernses over spread of coronavirus causing daily life at america to come to a grinding halt. With with americans being told to practice social distancing limit their time in public, how are Small Businesses fairing and what can you do to help support them or what do you do if you own a Small Business and bring in cpa operator of pcg marx. Good morning. Hey cheryl how are you . Cheryl good morning what can you say to Small Business this morning restaurant bars shutting down about and major cities and more Small Businesses are likely underthreat. Yeah. You know cheryl im seeing it all over the place you know, we have a lot of Small Business clients in my firm and i write a lot about Small Business and issues. There are restaurant, shops, merchant mainstream a lot of businesses are forced to shut down. It is not even the lack of demand but a lot of government bees and local jurisdictions saying you cant but if youre a Small Business owner you have to look at what your available cash is and cash reserves. One thing i think that is really important cheryl is that, as a i think some of your other guests have cede none ofs us believe this is a longterm thing. And if youre operateinging a business youring loose at something that youre going to have to weather over next few months thats something that you have to make sure that you convince your banker or financing your business this is no a indication how good or bad your business is doing but a rough patch we need to get through i think that financing community, government, Small Business association loans are now available as well. You have to look for thoadz areas of cash to kind of help you weather this storm because you will weather it. Not be a longterm thing. You talk about bars and restaurants were talking about about you know, with the box office having its worst year in 20 years. All of those businesses, i mean, it has widespread 60 Million People work for company it is that have less than 500 worker. What do you say to work withers there because we are expecting this senate to vote on the house bill that is an emergency coronavirus you know stimulus bill feds stepped in last night but can government help those workers is it going to be enough for them to cover their it rent to cover their food bills if theyre not working . It is a really, really good question because theyring loo at bills now. Theres like a bureaucracy thing right even if something does get passed where do you apply for this stuff and how long does it take you to get funds and how long to wait to get money that you need. These are thing that are not going to happen automatic lily. So if youre a worker listen, hopefully youve got some savingses and wok along with your employer as well and realize that not only employers particularly Small Businesses most Small Businesses have about about 30 days of cash on hand to operate their businesses. So when something is like this happens it is very, very disruptive. I think now is time were both employee and employers have to partner together to kind of weather their way through this. And one of the things cheryl were talking about about, what can people do to help support Small Businesses. You know, listen, weve all have to look out for ourselves this is not a charity thing but supplier to a landlord or Small Business time to show people extend those term give them some available credit. Be a little bit more lenient in how you do it business with them because again, it should be just a shortterm thing. Say tip well order in, try to shop local. Give cards and online you know a lot of Small Businesses are online as well. Marx great to have you this morning to talk about these rough hits businesses thank you, sir. Agreed take care. Lauren my yoga you pay 15 take the class. Support Small Businesses as we enter another week of honestly what looks like majority in mayhem we putting together answers to top three financial questions you might have a financial expert right now we have one weighing in. Plus tom hanks ire shas an update on battle with the coronavirus and how hes getting strength from none other than mr. Rogers. Keep it it here on fbn am. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. [ fastpaced drumming ] its our most dangerous addiction. And to get the whole world clean . That takes a lot more than an alternative. So we took our worst vice, and turned it into the dna for a better system. Materials made from recycled plastic woven and molded into all the things we consume. We created bionic and put the word out with godaddy. What will you change . Make the world you want. Cheryl heres a look at other headlines making news this morning a Technical Glitch causing delays for whole foods air affect aing and amazon is blaming increased orders tom has channeling mr. Ronnels to update fan on coronavirus. Telling social media noers, quote, thanks to the helpers. Lets take care of ourselfves and each other. Which is a reference to rogers famous saying look to the helpers during a disaster and that you will always a find people who are helping. Hanks and his wife rita wilson tested positive for coronas virus and selfquarantined in australia one company is put first class to shame. A cropless i have auation unveiled first new private jet the interior of the modified airbus a320 design ises specifically to be pinnacle of luxury some say it feels like a penthouse. Not a plane. Jet can seat 19 people come with a master bedroom, and a big price tag. 110 Million Dollars. That certainly is traveling in style. All right investors climbing a wall of worry as they brace or for another round of selling on wall street this morning. Lets bring in Chris Hogan RamseySolutions Financial expert, and author of everyday millionaire chris good morning to you. Good morning lauren. Lauren top question from customers right now. Well im talking to people on my show and first and foremost thing is should they stop investing . And i want people to hear this it is so important that we grow our money. We have to make sure that we have, are prepared and ready for inflation. The cost of things are going to go up and so weve got to make sure that our money is not stagnant but investing so im encouraging to state the course understand exactly what it is youre investing in. But understand this is a roller coaster ride lauren. There are going to be things that are up and down but history shows us that market will come back up. Lauren should you pause contributions to a 401 k for instance or should you increase because right now stocks are are on sale. We know how cheap theyre going to get but theyre on sale. Thats exactly right. I would tell people once youre out of debt and you have a fully Fund Emergency fund you have to invest 15 of your income. And so depending on where you are and your pace you may want to look at increasing if youre not at 15 , but 15 is the target. And so really looking at this and understanding and you said key phrase lauren things are on sale. When the market is coming down, if youre investing countily youre actually grabbing things while theyre on sale. So when price rebowngdz and its going to rebound, we have seen this before. When it comes to sars all a of the other they thinks that we have battled over years. America is resilient so is the stock market it is geng to come back. Lauren do things change for preretirees more nervous than a 20 somethingyearold right now. Youre right theyve been working hard over course of the career to put money away e for future and now may be seeing fluctuation and major changes. I want them to take a collective deep breath and understand youve been preparing for this. So sit down with your investment professional, walk through your questions, this is not the too many to muscle yourself. This is a time to communicate. So talk to yourment professional and take a look and what had tweaks need to be made but worst thing people can do is make knee jerk reaction to do something on a whim this is whack cause you to lose a lot of money in the future. Is it time to refinance . Well, rates are low right now. As you look at Mortgage Rates where 15 year rate are at 2 and three quarters, this is a time if your rate youre in a mortgage for four years or more you want to look at refinancing, and sit down with your current lender look at where you are, and talk about this. You could make what some mass i have changes and i recommend to people if you can improve by 1 or more yes it is something to take a look at and understand closing cost but be smart and do the not consolidate debt when you refinance. There are opportunities to be had chris thank you for the time. Good to see you well taking it too far. Jokes about the the coronavirus a cry for toilet paper. Headline hads that have us asking what were they thinking . Next on fbn am. T. Rowe price experts go 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. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun all we needed somebody to lean on all we need is someone to lean on can we go get some ice cream . Alright, we gotta stop here first. From smarter atms, to after hours video tellers comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. Hi there. How are you . Do you have any lollipops in there . laughing no, sorry. Were helping all kinds of businesses go beyond customer expectations. How can we help you . When i lost my sight, my biggest fear was losing my independence. Mmm. Good. So ive spent my life developing technology to help the visually impaired. We are so good. We built a guide that uses ibm watson. To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. Chaos has ensued as a result of the coronavirus but actions of some has us thinking this morning, what were they thinking . Cheryl a lot to go through and mike has more on that. You have several thingses to bring up. A lot of people are hoarding things but one thing youre hoarding or taking splice and price gouging them thatses what two brothers around temperature did drove around kentucky, tennessee bought 18,000 bottles of purell hand sanitize reselling them for 70 a barrel and got upset because amazon is and ebay shut them down and now rt fromses have stepped in their in trouble. Now all of the purell will be donated but still under investigation. What are you thinking . Story number one now another one. How about thinking how did they get all of purell . They drove over like 1100 to have all of this stuff. Flight from nashville delay over eight hours because somebody thought they were going to be funny and cool when asked to put their tray table up. They refused to do so and they joked oh i have coronavirus. Next thing you know hazmat crew had to come on police had to come on. When rest of the passengers found out they go well we dont want to fly on this flight anymore they have to get a new flight eight hour delay because somebody thought they were going to be funny not cool. Finally people calm down it is going to be okay. The Oregon Police department all right has hadding to go to tell people to stop calling 911 if youve run out of toilet paper. They having to go to facebook and they said, quote, we didnt think we would have to do this but dont be calling 911 if you dont have toilet paper. Settle this once and for all what is correlation between coronavirus and toilet paper . People want to so they have it but i dont know. I dont know. Theyre it hoarding. It is hoarding see that hoard thats what had president talked about from the white house yesterday. You know, you dont need to take a run on Grocery Store not shutting down that or farm e city and made a clear message so take it in stride it will all be good and dont call 911 if youve brought it out. Thats it for us. Mornings with maria starts right now. Maria good morning to you happy monday everybody thanks so much for join us im Maria Bartiromo and monday 16 t your top stories right now just before 6 a. M. On the east coast. Global Central Bank Coordination this morning, taking a coordinated move to address a slowing if Global Economy. The Federal Reserve announcing another emergency rate cut. Late as well as quantitative easing totals 700 billion dollars markets are not believe it. That this will, in fact, stop impending recession and dow industrials down more than 1,000 points right now. Were looking at another major selloff over concern over Global Economy and business in tact of the coronavirus pandemic grows were now at limit down this morning meaning we could see even steep or losses at the opening of trading. The market cannot go any further lower right now with the decline of four and a half percent on the the dow industrials. Four and a half percent on nasdaq, 359 point lower there, and s p 500 down 128 points. Global markets are also in step ises on downside european indices this morning, as you can see more countries go on lock down this morning with s p down 6. 5 . And paris down 365 point, 8 president 8 and dax index in germany is right now down 711 thats 7 and three quarters percent. A string of bad Economic News out of China Industrial output for two months of the year plummeting 13. 5 . Retail sales of the same period, down 20. 5 . Six asset inves