Fields. So many things are happening. It is a very exciting time for, for medicine. Cheryl talk more about that later. Questions about the virus are growing from our kids to home surfaces. Well separate fact from fiction for you. All of that and a lot more coming up on making money. Cheryl our top story, the White House Coronavirus task force wrapping up another briefing today on a roller coaster day for these markets. Blake burman at the white house. He has a lot more. Blake . Reporter cheryl, we rant into the Vice President s chief of staff, marc short. There are a lot of questions about the phase three stimulus program, the trillion dollar package the white house is trying to put together to coordinate with capitol hill. He told us they believe this could potentially put together and signed by next week. As you heard the treasury secretary Steve Mnuchin tell Maria Bartiromo earlier this morning, part of that package entails 500 billion worth of direct payments to americans. The treasury secretary said that would include 1000dollar checks for adults and 500 for each child. Speaking in the Briefing Room earlier this morning after the task force meeting, President Trump was asked, if that trillion dollar package is enough . Well know about that later on. Well see what happens. It depend how long, so much depends on what is going on in this room in terms of the medical. If we can stop it in its tracks, the virus, its plenty. If we cant, well have to go back and talk. Reporter with the economy at near stand still i asked the president whether or not we can expect the economy as it stands at this moment with so much shutdown on pause, on hold, when that might change, when can biz leaders expect, individual, workers, et cetera, on down the line to change . The president suggested it could be several days down the line. You will be able to tell you that very, i think in the near future, well see where were going. You will see numbers. Youve seen grooves. You will see numbers. You see, well let you know, as we say we had a 15 day period. You will be able to tell a lot in a week or so, not everything, but well be able to see over a period of time. Reporter in a while, cheryl, President Trump will head to fema. President brought in fema last he invoked the stafford act. President has fema on the highest level footing possible, meaning federal government, coordinating with the State Governments, coordinating with local governments as well. Cheryl . Cheryl blake, well take president s comments if he makes them from fema headquarters. Blake burman, thank you very much. Were up after reversing earlier losses today. It has been a seesaw day. Oil rebounding from yesterdays 18year low. Here is what is happening. European union and European Central banks are taking big steps to curb the financial crisis. They are keeping cash flowing in the markets. We call it stimulus. Here to break it down, fed, ecb or uk, point view david dietze is here around money map investment strategist keith fitzgerald. Good to have you here. Thank you, cheryl. Cheryl keith, before we get what is happening to Central Banks around the world, you say this is a buying opportunity. Why do you say that . Well history shows thaw always bet on optimism instead of trying to avoid defeat and if you look at Financial Markets money wants to grow. The problem it is not always in a Straight Line and times like this test your emotions which ironically are the big problem here. So, yes this, is a buy. You will look back at a generation and i lived through that and wished you would buy stocks if you didnt do something about it now. Cheryl keith or david, excuse me, weve gone through whether it is crises of the financial kind, crises of the medical kind, 1918 spanish flu, polio, we survive ad lot of things. Question on investors mind how long till we know we survive the coronavirus outbreak. Do you have a time frame in your mind that would not kill the markets or the economy in general . David . How deep and how long, we received some glimmers of hope here. What were seeing of course in china is number of cases leveling off. I think yesterday was the first day there was no new case. Seems like korea gotten it under control. All eyes are focused on italy to see whether they can get their arms around it. Of course never underestimate the private sector, particularly the private health care sector. Every research, health care, profession around the world is looking for a solution here. So i think it is going to be sooner rather than later. On the other front of course is test kits. If we can have test kits around, generally available, we can start having socalled safe places people are tested, others can con a gate, enjoy themselves and spend money. Cheryl we wait for the virus getting through and other side and interesting, keith, Steve Mnuchin was on with Maria Bartiromo today and he believes the Second Quarter will be down talking about economic growth. He says the Third Quarter will be pickup. He said quoteunquote, gigantic Fourth Quarter rebound. He is optimistic. You know again pessimists go through life, very hard for them to make money. You always hear pessimists talk about the top, talk about the top. Somehow it never arrives. On one Hand Companies continue to grow. Is it is second, Third Quarter, Fourth Quarter, im not smart enough to figure that out but i know there are a lot of Companies Capable of phenomenal rebound. It is responsibility of government to create the environment for that to happen. The first word after cure, first medicinal treatment this market takes off like a rocket. Cheryl a drug combination seems to be working. Well talk about later with our doctor when they join us. I was looking at, david, what is happening around the country from a economic perspective. You have meat processors trying around the clock to produce meat, to produce canned goods, nonperishable for the American Consumer. Grocery stores, seem to be filling back up in some parts of the country. Do you think this could be an economic boost for some of these industries . Certainly for some of these industries. It is a little bit like what we see in a hurricane where Companies Like home depot cant keep stock on shelves as put people up plywood. Some areas end up doing better as all sorts of resources are rushed into the areas to kind of rebuild. Certainly one Silver Lining here a lost people now, may be sitting on the sidelines. Got pushed down on vacations but they will not take a vacation. You will see person up demand ultimately explode once we get signs of stabilization. Cheryl they may be giving loans. It is definitely loans to the Airline Industry but i cant wait to see what the Summer Travel season looks like when we get back to capacity for that industry in particular. Glad you brought that up. David dietze, keith fitzgerald, appreciate it. Thank you, chairman. Cheryl the first two members about congress, floridas Mario Diazbalart and utahs collins are testing positive for the coronavirus. They try to keep America Running in the middle of this crisis. Lets bring on the phone Florida Republican senator, sir, you with me . Rick scott. You are here. I wasnt sure if you were with me or not. Sir, great to have you here. Nice to be here. Still in quarantine though. Cheryl i know, i know, i heard that was the case. Lets talk about this senator, scott, rick if i may. I have known you for a long time. Youve always been able to handle a crisis especially in the state of florida. Right now there is discussion about what arb ton washington should do. Should there be Virtual Meetings for senators and congressman, should they shut down the capital, what do you say . Esque everybody has to take it seriously. To the extent they dont have to be around people, they should do it. I am in quarantine because i was around somebody tested positive. Everybody ought to think that way. Thousand do we do what we tell other people to do . We need social distancing. We will rebuild the economy when we get control over the coronavirus. Everybody has to stop and say what do we have to do . We have to get people comfortable. Secure the borders, stop having people come in. I talked to some people, they dont have enough swabs. I talk to enough people they dont have enough vials. I talk to enough people, they dont have enough tests. I have to it is not something the white house can do, local Health Care Delivery system, working with State Government get these things done. If we keep doing these things, and dont pass legislation that hurts employers, we will have more jobs again. If you look, dont pass things, dont pass things that hurt our businesses. What passed yesterday actually creates incentive for Small Businesses to lay people off. You have a choice, lay people off or pay a bunch of weeks of sick leave. Look, these employers, want to take care of employees. You cant mandate all of this, because they dont have the cash. Cheryl senator, i want to ask you about news breaking today out of washington again. I know youre not there, lets talk about what Mitch Mcconnell is talking about, this new stimulus plan. This is something republicans are pushing forward. Would be guaranteed federal low interest loans for Small Businesses. We know those folks suffering, cashing payments talk about, but specific industry bailouts. Would be loans not grants. Senator mccon them wants to help fund hospitals and medical centers. Are you behind senator mcconnell on these initiatives . I will go through it. Number one, help workers. Help the people, help the people that have been impacted, hourly workers, tipped workers, people that immediately have lower income. You can do that through the Unemployment Insurance program. If there are ways to expand it to cover more people we ought to do that. That is step one. Step two, do loans, help people, help the Small Businesses but dont tell them, dont put all the rules what they have to do to get the loans. Theyre smart. They will figure out their business on their own. They will revamp the business. The world as changed. Im talking to businesses all around florida. Some are up right now. Home furnishing business, i talked to yesterday, theyre up. Dont make it difficult. Lets remember this. Were running trillion dollar deficits, everything we do, every industry wants help, we have to get a return for taxpayers of the country. This is taxpayer money. Were already trillion dollar deficits. Revenues will go down. How much money well spend if we dont, how will it work if we dont get a return. Cheryl secretary mnuchin they will do whatever they can, means borrowing incredibly low interest rates, theyre willing to do it. That will be a discussion when you get back to work in washington. Glad youre safe. Senator scoot. Thank you for being here. Cheryl, you as well. Coming up this hour, an amazon worker tested positive for the coronavirus. How long does the virus stay on surfaces . Well separate fact from fiction. First, larry kudlow floated idea of the federal government buying equity into corporations hit by the pandemic. Is that a good idea . I will bring in economist peter morici coming up next. Ruction. Infinite what ifs . And contingency plans. Creating funds that help target gaps in client portfolios. Tap untapped potential. And strengthen confidence in you. Flexshares. 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Cheryl white house Economic Advisor larry kudlow floated the idea that the Administration May consider asking for equity stake in corporations who want coronavirus aid from taxpayers amid this crisis. Today the president was asked if he support this is idea. Heres what he said. I do, i really do. People are coming, people are coming in for money. In some cases no fault of their own but in some cases where they did certain things over the course of the years, including buying back stock, you know, they bought back stock and paid a high price for it as it turned out but, maybe i view that as a little bit differently than somebody that didnt and somebody built plant all over the United States which were plenty of them. Cheryl this is what happened during the 2008 financial crisis. But should this idea work now and should we do it . Bring in university of maryland economist, peter morici, what do you make much the idea . If a company was in the shape General Motors was in, the government had no choice but to take equity in the company. Airline needs a bridge loan for six months, or something, i dont think it is a great idea. Consider leverage politicians on the hill would want to exercise decisions over these companies . Political correctness could go wild. Cheryl let me ask you about some other things that have been floated today. We were talking about this earlier. Mitch mcconnell talking about industry specific help but he specifically said they want to help out to give loans to industries. Think the airlines, think the entertainment companies, think casinos, cruise ships, the list goes on and on but, do you think that is the right decision with taxpayer money because that is what were talking about here and this will increase the federal deficit . This is a catastrophe no one planned, no one could plan for, no ones fault, at least not inside of the United States, so my feeling is otherwise healthy businesses, providing them with loans, considering conditions of credit markets is reasonable thing to do. Indirectly we would do same thing anyway. In order to get banks to make the loans the fed would have to back them up. I have a lot of trouble telling difference between the treasury and fed these days so i dont have a problem with it. Cheryl treasury secretary Steve Mnuchin was on this morning with Maria Bartiromo and he said look, well borrow whatever we need to borrow. Were looking historically low rates. This is not a financial cries sus but it is a medical crisis. It is a medical crisis but becoming a financial crisis. Borrowing capacity of federal government is huge and were paying reasonable rates frankly right thing to do. The Chinese Government got its economy back on its feet, process of getting back on feet loaning Stateowned Enterprises credit during the crisis. Were tying our hand behind our back if we dont use the Borrowing Capacity of the federal government to assist business. We have want to do it on favorable terms. We want to be sure were paid back. Cheryl obviously stipulations will come in, whether youre talking about the Airline Industry or cruise ship companies, et cetera. Peter, thank you very much. Well have you back very soon. Take care. Cheryl lets look at our markets right now, stocks, it has been an interesting day. You started out with red arrows. Now weve got grown arrows. Dow up 410, nasdaq up 266. Were watching markets headed into the close. It could be another roller coaster. Amazon worker tested for the coronavirus. What the company is doing to keep you and your family safe. That is coming up next. Fifteen minutes until we board. Oh yeah, we gotta take off. You downloaded the Td Ameritrade mobile app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. To feel connected. It all starts with an invitation. 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. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. 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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 . Sure, principal is a fibut think of us as a protect your family as it grows company. A put enough away for college company. And a take care of your employees company. Were a help you ride the ups and downs of the market company. And when its time to retire, were a weve been guiding you toward this all along company. Think of us as all these companies, and more. Principal. Retirement. Investments. Insurance. Cheryl amazon seeing the first Coronavirus Infection in the u. S. Delivery network. The company reporting an employee working at one of its queens, new york, shipping facilities did test positive for the coronavirus. Susan li live in the newsroom with more. Susan . Susan first known case of Amazon Warehouse employee that tested positive for covid19. They have five employees own european side that contracted virus as well. This Amazon Warehouse worker from queens, new york, delivery station delivering mill attention. Amazon says were sporting the individual who in now in quarantine n addition to enhanced daily cleaning, we closed queens warehouse for decision 58 lien cleaning and sent workers home with full pay. Over at seattle headquarters they also have one employee who actually contracted covid19. Amazon encouraging employees stay home through end of march, only applying to Corporate Head Office employees. Because business is booming they are hiring more. Amazon are at 125,000 fulfillment workers. They are looking to hire 100,000 more paying them above the 15dollar minimum wage. They are only accepting essential supplies, household goods, wipes, purell, Hand Sanitizers hard to find. This did what theyre doing. Outperforming, cheryl in the markets, if you look over the past month they have been insulatinged a lot more than other tech companies. The reason theyre hiring they are seeing increased demand with people in quarantine having to stay home. They cant go out to the stores to get goods. So they ordered them online instead. Cheryl that is a great point, susan. This is the moment americans need them. They knead delivery. Thank you very much susan li in our newsroom. A lot of questions surrounding the coronavirus right now, including, were hearing more and more about it, kids getting the virus. Did we make too many assumptions that kids would not be at risk from this . We havedjen Caudill Willens your questions next. Ones. No commission. No matter what you trade, at fidelity youll pay no commission for online u. S. Equity trades. Quadrupled their money by 2012 . And even now, many experts predict the next gold rush is just beginning. So dont wait another day. Physical coins are easy to buy and sell, and one of the best ways to protect your life savings from the next financial meltdown. 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Now as for china, there is a little bit of good news, today is the first time the country reported no new cases of virus since they started regarding them in january stocks lost nearly 5 yesterday. Dow up 348. Are we turning a corner is this a blip . Weve been own roller coaster the last few days. We have the advisor for phil blancato. How are you doing . Cheryl we seem to be searching for the bottom. Where is it . That that is a great questio. If you watch where the s p is trading last few days, they are doing good job holding of 2300, 2350. We crowed below it and rallied back through it. The market is generating a lot of cash. We seem to be holding the 2350 line that price point, slightly where we are now, stocks are cheap. Two things are happening. One cash people coming into the system with people selling bonds and s p starting to hold the line. We could see beginnings of capitulation right here. Cheryl we saw a selling of stocks, of bonds and of oil, commodities, even gold. That is something that, kind of triggered to me, maybe we are finding that bottom, but really seems now to be up to the saudis and to russia to implement production cuts, pardon me. Do you think that would be something that would happen . It is important that we start to peel away some things causing this volatility. Not only do we have expensive stock market going in, the virus pounded on us, to add insult to injury the oil situation, there is war going on with the oil price. To be honest with you saudi arabia and russia are both losing money. They will both fall into recession unless they find a way to get prices higher. The fight between the two them, there are conversations beginning, well take out that, rising of not to 60 a barrel but back to 30, 40, not happening overnight that will give relief to the Energy Sector which would be welcome news besides what is going on with the virus. Cheryl lets talk about emerging markets because a lot of our viewers have, whether 401 k or portfolios they have a emerging markets funds. A lot of that is based in china. There is question marks whether we should have as much money as we do as americans in country like china, kicking out journalists, maybe they did hide the coronavirus for too long, what do you say to that . Politics and stock markets dont work well together. Stock market does things based on what valuation is. With 90 of factories in china coming online maybe in april, the supply chain is coming back online. You can buy stocks cheaply. We have supply issues we need to resolve politically. Short term valuations look great. Theyre recovering faster than we are. There is opportunity to add to or maintain that position. Cheryl phil blank caught toe, thank you for the perspective. Be safe. Cheryl President Trump today describing several approaches under testing to treat the coronavirus including a long established overthecounter medication. A drug called chloroquine, some people would ad to it hydroxychloroquine. This is a common malaria drug. It is also a drug used for strong arthritis. This has been used in different forms, very powerful drug in different forms t has shown very encouraging, very, very encouraging early results. Were going to be able to make that drug available almost immediately and thats where the fda has been so great. Cheryl let me correct ourselves. Well talk about the drugs. These are prescriptions, but generic prescriptions. They are very common drugs. I want to bring in family practitioner dr. Jen caudill. I want to ask you about hydroxychloroquine and erythromycin, combination of two drugs. They shortedden virus six days and 100 recovery for the patients. Are you excited about this at all . What im excited about the fda, the government, and a lot of our Health Organizations are looking to see what medications we can use to fight coronavirus and thats really what President Trump is talking about with this particular medication. There are other sort of in that sort of category where maybe weve used them for other things in the past but the question has come up, can we possibly use them for coronavirus . And what were doing trying to figure out ways to consider using them in certain cases. Thats what im really excited about. Cheryl what about children . We mentioned earlier in the show. We hear more and more about kids getting virus. Right. Cheryl did we make too many assumptions kids being immune to this . Thats a good question. First of all we never said kids were immune to this. To be clear, coronavirus can be acquired, anybody can be infected by coronavirus. We always said that. What weve said people who are older and who have chronic underlying medical conditions tend to be at highest risk for complications. Meaning when they get coronavirus they tend to do worse. Children when they get coronavirus what weve seen, tended to do better. What were seeing now, actually there are more kids, not necessarily kids, but young adults may end up in icus with severe illness. Were we wrong before i guess is your question which is a good one . I just dont think we were wrong. I dont think we knew enough. That is problem with novel virus which this is. Novel means new. A lot we just dont know. Every day were learning more. Were uncovering more as the day goes on. Cheryl that is worrisome for all of us. Were worried about getting sick but there are questions how to treat yourself if you get the coronavirus. Ibuprofen was recommended before. Now seems the medical community is backing off the recommendation. What is your take on that . Yeah. Actually there has been a lot of flipflopping last couple days. Even in the last 24 hours ive seen now, some reports saying World Health Organization is not necessarily saying that you cant use ibuprofen. Let me tell you what my thoughts are. Okay, the idea hind eye ibuprofa class of medications called nsaids. There are plenty in this class like ibuprofen. The theory, medications like ibuprofen may change the bodys immune system make it not fare so well if it gets the coronavirus. Changes the way the body deals with coronavirus and may negatively impact the patient if they get coronavirus and theyre treated with this medication. A few weeks ago i was recommending tylenol and motrin or either one for patients who had mild symptoms of coronavirus. However new research has come out maybe we should reconsider that. I as a result am changing my stance. Now look, i think well have some back and forth. There are some doctors who are going to say, ibuprofen is just fine. For me, what im planning to do with my patients i will it safe until we have more information. If you can take tylenol for mild symptoms i prefer you doing that over ibuprofen until we know more. Cheryl that is what they tell heart patients. Dr. Caudill, we appreciate your time. Thank you. Cheryl coming up later in the hour well look at a new study how long the virus can survive on surfaces. There is a lot of questions about that. Plus President Trump said earlier today there is a lot of goodwill and negotiations going on in the upcoming economic stimulus bill. I am going to ask texas congressman lance gooden coming up after the break. Stay with us. 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. aurelia i was just frustrated i almost gave up. Company. With miracleear, its all about service. Theyre personable, theyre friendly. 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Mr. President , as we told the governors today, three states are 50 of the coronavirus cases in america today. So were focusing resources at the point of the need. The governors in those states, their state Health Officials are spending with great professionalism and great speed. Well continue to support those directly impacted but, by standing up through your National Emergency declaration, mr. President , standing up fema, standing up the National Response coordination center, we want our governors, want all the state and local Health Officials to know, as you say, bringing the full, full weight of the federal government to bear to support our states and our local communities. Well get through this coronavirus and well get through this together. I agree with that 100 , thank you very much. And for the media, i guess perhaps you will stand aside. Well have the screen right behind you. Well start opening this up to the governors if that is okay. Go ahead. One question for you. Cheryl video teleconference. Theyre at the headquarters of fema in washington. Were just now losing that shot. President trump, Vice President pence briefing governors. Any headlines, if anything needs to be reported of course well tell you that. Again as we wait to see what they are doing, what theyre talking about with the nations governors, lets bring in republican congressman lance gooden. Good to have you here. Thanks for having me. Cheryl state of texas, you just issued a order that closes bars, restaurants, schools, gyms, april 1st. Right. Cheryl weve seen it across the country. Weve seen it in new york. Do you think this is enough to stop the spread not just in texas but across the nation. I think it is a great first step. Governor abbott, our governor, has been on top much this. He announced last hour, state is basically shutting down tomorrow. Cities had already done that. Rural areas were waiting to see what he was going to do. This is great step to flatten out the curve. What the president is doing is everything he needs to be doing. He is managing assets, working with congress in ways he never worked with congress. Im hearing conversations with my colleagues, republican coal leagues, democratic colleagues, there is willingness never existed before to work together, to get the country up and moving once we defeat the virus. Cheryl congress is obviously looking at fiscal stimulus measures, fiscal stimulus measures, excuse me that can help americans now, getting checks in their hands. Right. Cheryl trillion dollar plan the white house floated. Treasury secretary mnuchin said it is most important to get to Small Businesses or individuals. Right. Cheryl do you have a limit in your mind i will willing to see washington spend as we deal with the coronavirus outbreak . My limits last week were tested. I voted against phase two, not because i was against the bill but because there were things in it told it would be fixed. I had not read the bill. Given 30 minutes to read it. Phase three, big one we were talking about trillion dollars. Until the coronavirus existed i would never imagine in wildest dreams this would have existed. Do you worry about the federal deficit . Oy, yes, but if there is no economy that is the least of our worries. Were in waters we never been in. This is massive crisis this country never experienced. Worst yet we dont know when if will end. I think you a see a pretty large proposal gets bipartisan support next week. Cheryl three Major Airlines operate out of your state. You have got southwest there. Right. Cheryl united. That is not the headquarters. They have a large operation in houston, of course American Airlines based out of dfw. They want 50 billion. That is the discussion being had right now. These would be loans, not grants. Do you think the american taxpayer should help out Americas Airlines right now. We cannot afford to lose our airlines. The president even said in the last few hours, he was okay with regulating their ability to buy back stock. That is something that Elizabeth Warren was talking about. And the fact that the president has come out in the last few hours and said he is okay with those Strings Attached to any fund that we give the airlines, whether it is a loan or whatever, the fact that he is saying those i think is just indicative of the times were in, willingness to work across the aisle, accept things we wouldnt have perhaps dreamed of. Cheryl we heard that a lot from colleagues on both sides of the aisle. Lets talk about real quick, hospitals, e e. R. S, medical centers, ships being help to maybe not coronavirus patients but sick patient. Right. Cheryl are your hospitals ready to be influx of these patients . I dont know that theyre ready but theyre getting ready. Palestine, texas, one much cities i represent, they were a few days short running out Hand Sanitizer. Ventilator situation is bad. I received last 2hours, someone has ability to make Hand Sanitizer. They made liquor at one point. They could make Hand Sanitizer today, because of red tape they were little hesitant. I told them get goings. Well get through the red tape. President said with recent declarations were not going crazy with the regulations. We want people if they have the capability of making medical supplies to do that. I think texas hospitals will be ready but were all away that the cases are coming and it is going to get worse before it gets better. Congressman, we certainly hope so. Were watching great state of texas, nation as well. We appreciate it. Thank you. Well stay with medical. Ucla finishing first ever study on covid19. The study tells us how long the particular virus lives on surfaces. For more i want to go to william la jeunesse, what has been a big question mark for all of us. William . Reporter cheryl, the study found that you can contact the virus by touching a surface or object but the main source is respiratory, breathing it in. Pernices or coughs. Sneezes or coughs. It dissipates three hours as droplets fault on surfaces. Survive on car booed 24 hours. Stain less steel, two days. Plastic, three days. Hard surfaces not shown in fabric or much or cardboard but hard surface transmission. Reporter the viruses basically remains communicable but risks declines as it dies off during that time frame. So you have to be careful. If you know someone who is infected. People should recognize that living living with this thing means there is 35 attack rate, that is a chance that someone else in the house gets the virus because one person in the house has it. Reporter solution . Keep clean, faucets, handrailings, door handles, refrigerators, microwaves, tv remote, countertops. Use long strokes, wipe in only one direction. Most people grab a towel, move if one direction. Theyre actually pushing pulling soil back on to a surface. Think about pushing snow. Youre always plowing in one direction. Same thing wiping off the counter. Reporter public yes, dollars, bills, coins, credit cards carry bacteria and pathogens. Goose pumps, atms, elevator buttons. Use soap and water, wash several times. Gloves are good. When youre done, wash your hands and gloves. To get rid of the virus. No evidence you get infected by eating. Good news at end of that. William la jeunesse. Great advice for everybody out there. In time of uncertainty and turmoil. Hallmark channel is trying to help people at home. There will be a move very marathon, we need a little christmas. They feature all the holiday movies. Starts tomorrow. Going all weekend long. There is Viral Movement trending on twitter, urging people to open up boxes of christmas lights. Using hashtag, lights for life. Folks are decorating homes as sign of hope and cheer. Good news out there. Back to these markets right now. It is good news. We have green arrows. Dow is up as we head typically the most volatile hour of trading. What you need to know is coming up next. Theres smart and then theres street smart, like a hybrid with best in class epa estimated range of more than five hundred eighty two miles. And ford copilot 360 technology to help you outsmart some of the things youll encounter on the road. With more available second row leg room than a chevy suburban. This is the completely reimagined, street smart 2020 ford escape. From anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. 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. Who stood up. Who stood strong. Who demanded to be seen. To be heard. To be counted. Learning about their courage and grit. Inspires us to pass it on. To the women who are next. Find your familys connection to this moment in history. At ancestry. Cheryl stocks have been in and out of positive territory today as markets attempt to stabilize amid massive volatility. Lets bring in benchmark investment managing partner kevin kelly and Francis Newton stacy. Great to have you both here. Thank you. Cheryl kevin, i will start with you on the initial jobless claims number today. We knew we would get a hit. We did. Obviously more filings. But the concern today seems to be among the investment community, next weeks filing which will be thursday, as we are seeing tens of thousands of americans now filing for unemployment benefits. How sensitive is the market right now to that particular issue . I think its actually really sensitive to it, because when that number comes out, will we have a plan and policy in place to address it. I think thats the overarching theme here. So the numbers going to be what its going to be and everybodys got worst Case Scenarios but how do we answer that . So we are trying to get an Administration Working with congress on getting an actual, you know, plan in place, especially one that protects the public going future, especially shareholders, too, where you dont have, you know, Corporate Executives benefiting from this and getting certain bailouts. I think its a fine line they are trying to walk but i think we will get something in place. Cheryl lets talk if we can about the volatility index, the fear gauge, we call it, hitting a new record. Certainly that is something that we are hoping is going to start to level off. At what point, is it two sessions, four sessions, where you so the vix start to calm down . Is that when you tell yourself maybe the market found the bottom . Well, a bottom, i think it would be a shortterm bottom if anything. Theres still not enough data about how many jobless claims were going to have or what the loss in gdp is actually going to be. Estimates are pretty wideranging, as we know. A shortterm bottom is definitely the vix closing below 75. We just took its been on a steady decline all of todays session. We just took out yesterdays lows. Thats really important as far as the vix falling, as long as the vix falls the market will continue to bounce. 6875 on the nasdaq for support, 2375 on the s p and we are holding those nicely today. I see a bounce coming our way. Cheryl kevin, jpmorgan coming out talking about the Second Quarter gdp number, it could be down 14 , b of a also looking for a negative number for the Second Quarter, but then they are saying we will get a huge snapback at the end of the year. Maria bartiromo interviewed the treasury secretary, same thing. We knew coronavirus was out in january, yet we were still at dow 30,000. We also have seen Global Growth slow into this. So i think the American Consumer cannot pull the weight of the world and we are seeing the ecb throw quote unquote, the kitchen sink as headlines have said. Germany was pretty negative pmi, industrial indexes, for several months. I think Everybody Needs to be very tempered. I want to touch base on volatility here. I think we are going to have heightened volatility for at least five years. If you go to 20062012 we have an average vix of 24. Thats when the fed could throw a lot of policies at a situation. I think the last two years where we averaged around 12 volatility, those days are gone. Investors need to get used to this volatility regime we are in. Cheryl oh, my gosh. Five years, kevin. I heard you correctly. Thats a scary prediction from you. You have always been very measured in your approach. Thank you very much to both of you. Make sure real quick, start your day with me and Lauren Simonetti weekdays, 5 00 a. M. Eastern time on fox business. We will be with you tomorrow morning. Right now, liz claman takes things from here. Liz thank you, cheryl, very much. Can we see the bulls build on this rally . We are in the final hour of trade. Couple big issues here. We warned you two weeks ago that companies would begin cutting or outright suspending shareholder dividends. Well, everyone from jpmorgan to hilton has but now word comes that boeing is sharpening the knife to its muchcoveted dividend. We will get you the story on that. American airlines breaking out the hatchet to its business. In just the last hour, the carrier announcing it is scrapping Flight Attendant training classes, reducing International Flying by 75 , and cutting its domestic schedule by 30 . Thats just for april. The company has plans to reduce it even further in may