Points. As the coronavirus outbreak shows no sign of slowing here in the united states, the s p and nasdaq are going to expand after earlier rallies. Down three and a third , nasdaq down two and a third period in what will be possibly the most important hour of trade this entire week, our market power panel among them manage more than 1 trillion is here. Whether he sees any Entrance Point and Eric Freedman on the one sector he loves in both good times and bad. As new york governor orders the entire estate to shelter in place, one of the biggest hospital chains is kicking off Clinical Trials in partnership with gilead, the two Companies Close to a vaccine. The man, the doctor overseeing the study of patients who have tested positive at the hospital gives us a scoop on how quickly his team can get the job done. Movie theaters across the nation have gone dark. The Box Office Receipts are plummeting. Amc theater ceo adam of Amc Entertainment on his Companies Fight for survival and how much longer he can put up his fist. And while california goes into shutdown mode, one company is hoping to keep you healthy and to keep your body fit as you stay fit in quarantine. Beach body founder with an online app. The ceo is going to join us live. And it is whats called crude drupal witching friday as the new york stoc Stock Exchange floor is about to close. Were less than an hour. Lets start the countdown. On this friday we start with breaking news. The cdc is reporting its count of new u. S. Coronavirus cases now stands at 15268. That is a ramp up of nearly 5000 just over since yesterday. As this news hits, Mitch Mcconnell is giving an update on the status of the trillion dollar coronavirus stimulus package making its way through the halls of congress. Senator mcconnell saying the four subgroups negotiating the deal are meeting this afternoon. He hopes to have an agreement by end of day. It will be drafted tomorrow and holding a vote on the motion to proceed. That would put the senate on the path to vote on the final package in the senate on monday. The promise of a large fiscal stimulus package did not breathe life into the markets. We are now down 726 for the dow. It is breathing life into some of the most beatendown sectors that are well off their session lows but now off their session heights. Mgm still, right now it is up 19 . Earlier it had been up much higher. Wynn resorts up 14 and two thirds percent, Las Vegas Sands up 7 . Those are the casinos. We want to talk about industries that are kind of at the back of the line here, lets get right now to some that are much closer to the front of the line. That would be the airlines. United, spirit, american, they are moving higher as they may get closer to seeing 50 billion in aid or bailout. Lets not kid ourselves in this gop release package. Spirit airlines up nine and half percent, american is up half a percent. We have Car Companies in the including uber, avis and hertz, they are moving higher. We should mention uber is up one and three quarters percent, really important to note that uber is a company that has in its division uber eats. Its delivery business, Home Delivery business is going gangbusters as people order out from restaurants. Lets talk about a life raft on the wafer cruise lines, cruise lines are firmly in the green. Carnival up 17. 8 . That is a little hard to make sense of because we know they are shuttered for the moment when it comes to the leisure pre travel business. Royal caribbean three and a quarter, norwegian up three into thirds. Let us get to boeing. No matter what news is out there, but one cannot manage to scratch its way up permanently up into the green, session to session we are still just at a flat line and slightly lower after the governor resigned from the aircraft giant board because she said she opposes any kind of government aid including the 60 billion boeing is begging for an order to whether the coronavirus crisis. She does not want to be part and parcel of a bailout of boeing. Boeing is 97. 18 stock but shares are slightly higher. Were slightly higher on a report that the playmaker was considering a production pause. Again we ask you guys to really wrap your mind around some of this news and not necessarily how algorithms are moving some of the stocks. Shuttering entire Assembly Lines is not a positive thing. We should get to other issues we need to cover. Lets get straight to her team coverage, tim anderson our trader is down at the new york Stock Exchange which is in a historic move set to temporarily close the Trading Floor and move to all electronic trading at the end of the session today. While the Trading Floor has closed several times during its history including during world war ii, the wake of 911 and during the market shutdown when Hurricane Sandy hit, this will be the first time the physical Trading Floor has ever shut independently while electronic trading continued. We also have retail analysts here to talk about how some retailers are getting traumatized by store closures while others fill the void of many, many of those that are getting laid off. They are on hiring sprees and michael whose company has more than 3 trillion in assets is here, hes looking for and hunting for and how hes advising his clients to invest right now. For the week, we just saw the picture, the dow will have been down 16 , the s p down about 13 . We are just looking at numbers that are all so incredibly ugly with the nasdaq down 11 . Can you spin it forward to monday and i guess the new normal for shortterm for you guys on the Trading Floor. Clearly the market is taking a lot of news that comes out of the Daily White House briefing on the virus and, Going Forward i think will be watching the new outbreaks count very closely, and if theres any other really extreme hotspots around the country where things seem to be a little bit out of control. Were just in a little bit of a Holding Pattern on the Trading Floor, waiting to see any visibility a few weeks out when the reopening might come. We know that multiple publicly traded companies have laid off entire industries of laid off people, but youre also looking not just at that but at the companies that are stepping in to fill that void and hiring not just tens of thousands, hundreds of thousands of people. As you remember, just a couple days ago. [inaudible] they laid off 80 of his staff so for this industry yes its a really big deal however you have the opposite effect where their staffing up 10000 people, other Grocery Stores stocking up in their warehouses, stocking shelves. The good news is the supply chain at this point is not going to be disrupted. People are very worried about not getting enough food, enough toilet paper, thats not can happen. What may be disrupted is longterm, the ripple effect. Counties, states, countries shut down. What is going to happen in terms of manufacturing down the road into q3 and q4. It is impressive when you look at some of these companies that are stepping up to higher. I was looking at some of these numbers, walmart, 100,000. You can go on and on and goodness at least for people who can quickly shop some of these. There even given hourly workers bonuses. Michael, let me ask you how you are advising your clients. With the money you have are you picking up names or is it too treacherous. I think next week will be an important pivot point. Liz you mention this battle between the bulls and the bears. Next week you will have a little bit of a battle between the market and Economic Data. For example, the data in february for china has been dreadful and we caught a glimpse of what the Coronavirus Impact is so far in the u. S. This week with retail sales in the new york fed data and certainly jobless claims. I think next week we will really get insight into Consumer Sentiment and spending, more weekly jobless claims data and more fed data as well as manufacturing services. The point being, if markets, a lot of bad news is already priced in. If markets can stabilize and withstand whats going to be some pretty ugly data, i do think it is a signal that a bottom is starting to form. We are looking for signals. We are looking for signals but we are expecting the first time jobless claims are going to hit millions next week. We get those numbers every single week. Goldman sachs is predicting 2 Million People trying to get on the unemployment role so we will be watching all of this. We appreciate it. The dow jones is still down about 672 points. Have gotta tell you this morning worthwhile health come of this is a hospital on long island, announced a partnership with the two pharma giants running a series of Clinical Trials a new coronavirus treatment. North Wells Research arm, the Feinstein Institute is teaming up with those two names regeneron and gilead to test the treatments and their enrolling patients who are hospitalized right now at north well and who have tested positive for coronavirus. So cases in new york are exploding. There are 4408 confirmed coronavirus cases in new york city and more than 7000 cases in the entire state. Here now, doctor kevin tracy, a former neurosurgeon at the cuttingedge of Bio Electronics medicine. He is the ceo of Feinstein Institute for medical research. Sir, you gotta tell us off the bat, youve got people who have tested positive, theyre being treated, how will they be hooked up with regeneron and gilead sciences. We recognize the importance of your question last friday and stood up literally overnight in Clinical Trial units just for covid19 patients. The vaccine thats coming in apps being developed and audible places is a year end a half away. What were dealing with her the patients were in the hospital and some of them critical we ill. We asked themselves one of the drugs we can deliver to them now in collaboration with gilead and others in the fda. Tell me how close you are to some type of therapy that can unmask get distributed to the entire country. We are a microcosm where you are. Youre on the border of queens but technically on long island we know all the cases in new york city that would include the borough of queens. Our Corporate Headquarters is where you described. Its actually the largest provider of healthcare in new york city. So most of the cases will be coming through our doors, through one of our 23 hospitals or hundreds of outpatient facilities. We took it as an imperative to try to find an answer to your question. What we realized is that patients are coming in needing oxygen, ventilation and therapy but they also need something more. They needed something to treat the problem they were confronting. One approach is to work with regeneron. Their drug targets the immune reaction to the virus and by cutting off that reaction there is real hope that some people will derive benefits even though youre in the course of the Clinical Trial. With gilead their experimental drug doesnt go after the immune system, it goes after the virus itself. So were hoping by having both of these trials available to our patients who are in critical need now that there will be some message of hope that comes out of these Clinical Trials in the next week to month. And i quickly ask you how you are doing on pte, the personal Protection Equipment piece as we hear there are peoples sewing facemasks in parking lots of hospitals out of fabric that was used for sheeting and other issues in hospitals and blood shortages, tell me how youre doing. There running an almost military Like Operation out of a command center that is in constant munication with all the leadership of the hospitals in the outpatient clinic. Because of this its incredible level of coordination and communication with the twicedaily phone calls, all of them across the whole system we are able to balance resources for now and are not out of supplies. However we share the National Concern that something must be done to provide more ventilators and more pte. That has to start with manufacturing and delivery to places like us immediately. Bless you guys. Thank you. Doctor treacy good luck and godspeed in all that youre trying to accomplish for not just the nation but maybe the world. Thank you. 45 minutes before the closing bell rings and we do have just a tiny bit of green on the screen but lets look at the red for the moment. Disney has fallen to the bottom of the dow 30 down 8. 10. Thats a loss of 8. 5 . Covid19 coronavirus roller coaster rocking both the Magic Kingdom at its fiercest hero falls victim to the outbreak. Princess turned soldier favorite mulan and a marble spinoff just to the many films getting hurt at the box office. Up next, the Movie Theater tighten ceo of Amc Entertainment on the fight he is waging. Its a war to bring the box office back from the dead. Adam joins us in just a moment. From movies to markets, i am taking you to twitter to keep you informed on everything you need to know about the coronavirus as it pertains to your money and breaking headlines. At 6 00 p. M. Eastern ive been hopping onto twitter, follow me and ill answer your questions and bring you the latest headlines. The countdown is coming right back. The dow jones and industrial is losing right now. T. Rowe price invest with confidence. We find a way through it. Y, its about taking care of each other. Its the small parts that make a big difference. At chevy, we promise to do ours. Were offering chevy owners complimentary onstar crisis assist services and wifi data. If you need a new chevy, interestfree financing for 84 months with deferred payments for 120 days on many of our most popular models. You may even shop online and take delivery at home. Its just our way of doing our part. 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. Pay your dues. Work now, play later. Climb the ladder. All your life, youve been told, business first, fun later. But why not live your dream, now . The mercedesbenz spring event is here with four models starting under 37,000. You gotta ask yourself, why not now . Lease the gla 250 suv for just 299 a month with credit toward your first months payment at the mercedesbenz spring event. Call beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Just a moment ago markets hit session lows. The dow a minute or two ago was down 807 points. We are off that at the moment but still down about 769. Low for the s p is down 94. Not much higher than that horrible number there. So if you look we are 39 minutes before the close, the pandemic has forced one entire industry to turn out the lights. Multiplex to single standing theaters have all shuddered to stem the spread of the coronavirus. Even if they were able to stay open, movie studios from sony to disney to warner to universal have delayed the releases including a quiet place part two. Thats the sequel of the 2018 a quiet place. It was supposed to open in theaters today. The latest date were getting now is may 15. Thats the moving target and its friday. It was supposed to be the blockbuster Opening Weekend for disneys live action addition remake of mulan. New release date not announced. Movie ticket sales on wednesday for the entire country were up 300,000 down 97 . A record low for the industry. How long can Movie Theater chains and the hundred of 50000 americans they employ survive with soon to be zero revenue. Joining us now, Amc Entertainment ceo adam aaron. Adam, what is the latest number you can give us of people you have had to lay off. In the united states, 26000 people, and whats worse than that, literally 96 of our entire labor force. Whats worse than that, the vast majority of these people are low income workers in their first jobs, entrylevel jobs entering the workforce. These people live paycheck to paycheck. One of the reasons im here today is im fighting for these people. We want to make sure we have an industry for them to come back to and ours is an industry in real trouble. You got more than a thousand theaters globally. 11000 screens. How many of them are dark . All 1000 theaters in 15 countries are closed. When you said revenues were down 97 on wednesday, i was wondering where that 3 came from because all of our theaters shut on monday night late. 3 , maybe theres a little independence. Who knows. The National Association of theater owners, thats the trade group recommending. [inaudible] ice on recent filings you had come you can correct me, but 2,625,000,000 in cash on the books. How soon before that runs dry . Actually if you look back to the most recent public announcement which is december 31, amc a pretty Large Company where the largest exhibitor in the world, we had about 600 million of liquidity. Thats a lot of money, except we have cost of doing business every single week. You can be sure were doing everything in our power to lower those fixed costs. We literally do not have a penny of revenue coming in. From our company it was immensely helpful. Three weeks ago we have moved to crisis literally overnight as the u. S. And europe are essentially on lockdown. There all asking for a bailout. Make your case for your industry to get assistance from the government. I want to be clear, we dont want to bail out. What we want our loan guarantees, loans that we can pay back with interest when we open. Amc is a very profitable company. We have lots of cash flow when our theaters are open but our theaters are closed. All of them are closed and the reason for the government to step in is that the u. S. Banking system is overwhelmed with liquidity requests from industry after industry, company after company. They cant service at all. There is only one lender with the last resort. Thats the u. S. Government. Yes or no, would you forgo a salary if you needed to for the loan guarantee, yes or no. Then we have to run ive already cut my by 25 the answer is yes. We will do whatever we need to do to save our company. We have a hundred years of history. Wed like to have another 500 years ahead but we need to get through this shortterm. Do your best. The ceo of Amc Entertainment, we are coming right back. 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. Colon Cancer Screening for youll pay no Commission People 45 plus at average risk. Some things are harder than you thought. And others are easier. Like screening for colon cancer with me, cologuard. Im noninvasive and you use me at home. Im also effective. I find 92 of colon cancers using dna in your stool. So why wait . Cologuard is not for those at high risk for colon cancer. False positive and negative results may occur. Ask your Healthcare Provider if cologuard is right for you. Most insured patients pay 0. Liz fox business brief, telling employees that not only came under plans to keep the stores open during the coronavirus outbreak but the videogame retailer is considering itself an essential service and some workers set of memo claiming they are providing and demand work from home resources which qualifies without post as essential resale. Game stop, nonessential for the message and plunging after they downgraded shares earlier this morning. Cocacola shares down as this goes on, long list of companies withdrawing guidance, these are the covid19 pandemic. The company same restaurant closures, force cancellation and reduce travel will cut the demand for its products but by how much is still unknown at this point. The epipen maker climbing saying the production malaria drug chloroquine hope to supply the treatment by mid april to patients. Coming up next, how you can forget a beach body while social distancing, the claman countdown is coming right back. 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 . aurelia i was just frustrated i almost gave up. Company. With miracleear, its all about service. Theyre personable, theyre friendly. 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Yeah, and thats oh, just what i need. Courses on options trading, webcasts, tutorials. Yeah. Their awardwinning content is tailored to fit your investing goals and interests. And it learns with you, so as you become smarter, so do its recommendations. So its like my streaming service. Well exactly. Well except now, youre binge learning. Oh, i like that. Thank you, i just came up with that. Youre funny. Learn fast with the Td Ameritrade education center. Call 8662851934 or visit tdameritrade. Com learn. Get started today, and for a limited time, get up to 800 when you open and fund an account. Thats 8662851934, or tdameritrade. Com learn. Liz we now have breaking news out of new jersey, the new Jersey Governor Phil Murphy has just said he plans to issue an order to shut down all nonessential businesses just as new york Governor Cuomo announced at 11 00 a. M. Eastern time this morning. Governor murphy says he will almost certainly tighten gathering rules to 10 maximum or to prohibit gatherings altogether, take a look at your screen right now, this is the Early Morning opening of the Bergen CommunityCollege Testing center, the drivethrough testing center, it had to shut down, what time did it shut down. It shut down a couple of hours after due to too many crowds oversubscription, overcapacity and remember new jersey has 890 cases and 11 deaths in Bergen County where that testing area is. The hot zone of the state. To california, the worlds fifth largest economy is in total mandatory lockdown due to the coronavirus. While Grocery Stores, pharmacies and banks remain open, gavin newsom has called for the states 40 million residents to self isolate in their homes for exercise and all other centra el needs, gym and health clubs are getting crushed with closures, take a look at Planet Fitness down 53 since january 1 of this year. Staying healthy is paramount right now, as americans remain under quarantine no way to get to gym class, a Company Called beach body has been a Market Leader for 20 years when it comes to athome fitness has been stepping up, beach body founder and ceo carl is joining us live in a fox business exclusive. Thank you very much for joining us, i know youre in california, i want to get to that aspect first, you are stuck inside just like 40 million other residents of that state, what has that been like. Look, i think everybody is upended by this and taken by surprise and had to figure out how to make things work and i am just proud that i am surrounded by people who are staying productive, continuing to serve the customer, even though this is forcing us all to work remotely and we are truly helping people stay healthy inside. It is absolutely true because you have this app, im interested to know how many new subscribers you have seen, what kind of uptick are you excreting in the business . It has been pretty phenomenal, obviously this is the last circumstance in the last way we would want to see the business grow but we are glad to be here and to be able to serve but we have seen demand grow by really over 300 since monday. And frankly, what is most exciting about that, people are not just coming in are actually doing the workout and getting more involved in their own health and wellbeing in their creating Community Around that. That is what is the most interesting thing about it, we have 340,000 coaches who are literally putting together virtual workout groups who are then pushing on beach body demand and starting a workout together and making it feel like a Community Experience so you dont feel like youre isolated and lockdown just to get your workout done. I would say this is an essential business. I understand you just launch classes that are free for kids, can you tell us a little bit about that. Im trying to get my kids to do pushups but i think it would be easier if they could look at somebody inspiring, not mom and start working out and get moving inside the house. We started to get request from School Districts from teachers and others and parents who want to put a virtual recess together, we actually dont sign up kids, i believe you have to be 18 or older to sign up for beach body ondemand. We basically got permission from some trainers, tony horton of p90 x, sean and leander, we got permission from them to take the content from beach body ondemand and put it on a video page so its available for free to students and educators who are trying to keep the kids active and create a virtual gym class at home. Liz i love that. I love that, we were just showing the video im not sure who that was, is hard for me too see, that was sean t. So people can see the on video for free. Palatine is offering a 90 day free trial of its subscription workout off, would you consider them for now one of your biggest competitors or are we beyond that and everybody is hopefully just trying to be magnanimous in this terrible time in our history. There is over 200 Million People who are not members of jims and everybody is looking for something to do. I think it is fantastic that so many apps including peloton are making fitness available in the home, it is been our mission since 1998 to make the home as effective and gratifying, placed a workout at the gym but theres also an important point, we want to serve people who want to get results. One of the important things, we want people to have skin in the game and we make a very compelling offer proposition but we want people to step up and truly commit to their own health and wellbeing for them and their entire family thats why we do not just provide fitness programs but we provide nutrition counseling, nutrition programming so everything provides additional structure and a time when people feel like they dont have any control of anything, they can at least have control of their activity level and their nutrition. Liz i love these classes with the kids, you guys are doing really important work. Thank you to you in the team at beach body. We appreciate it. Thank you for having us on, i hope we can help reduce the anxiety, the news is not fun to watch but youre doing a great job. I hope everything that he takes charge of a halfhour day and works anxiety out by breaking a sweat. Liz so true. Thank you thank you. With the closing bell ringing in 18 minutes, the shine is coming off tiffanys gems, the luxury jeweler is saying is lost half of his operating days in Mainland China because of the coronavirus outbreak. Is the hub the First Quarter sales rise in a year, tiffanys being bought by french luxury good giant lb mh but right now 125. 31, we have a down half 8 , lb mh was up one and three quarters percent. We were just talking about beach body, athletes are getting an energy boost at this hour, many people are ordering quite a bit of lululemon. It is surging after citigroup upgraded the yoga pants from neutral to a body, that is good for 8. 5 job. Why, why is sitting doing that, they said 41 drop in the stock price since vibrate 20th has made shares more attractive and lululemons differ better than his peers and sees no threat to the brand longterm earnings power. Lets flip it over to nike. The now component is getting a bicol from bank of america securities. Bank of america is saying the worldwide challenges facing retailers can help the sneaker giant wrap up more Global Market share, not helping this dock, it was higher today, you can see from the intraday chart, were trying to do this as much as possible so you can get some perspective over 24 hours. It is down 2. 3 as we have about 17 minutes before the final hour of trade. The coronavirus is sending chickens flying off the shelves, the demand that Grocery Stores is prompting j. P. Morgan to upgrade tyson foods and Sanderson Farms from neutral giving them a price target at 70, its a 54. 99 and Sanderson Farms of 148, is at 128 right now. And you can see they are both getting a 1 or more jump at the moment. Dow jones industrial down 619 points. A couple of issues, when we talk about Municipal Bonds, they have historically been a safe haven for investors. But now even they are in a freefall, Charlie Gasparino is joining us now in warned us about problem starting to show up in the market and now we see that muni bond funds have a redemption meaning outflow of 12. 4 billion this past week alone. It looks like people are pulling their money. They are continuing to pull money out of the midst of tremendous support bond market, the one bright side, i hate predicting the future in the middle of a pandemic, im not giving People Investment advice, Municipal Bonds as a whole, they do have buffers in these bonds, the bonds arched trading like theyre going to default but unless there is a major catechism, unless the federal government did not provide any aid to states municipality, the widespread default that the price right now are reflecting will not happen. Water brokers telling people, they are telling people, bonds are getting so cheap, practically the nongeo bonds, they are crashing, there are good values out there. Obviously, these are brokers, they are trying to sell something, you know that and i know that. Were in the middle of a falling knife meaning the markets and liquidity in Municipal Bonds are not treasury bonds, they are not backed by the federal government, that might change, you never know in this environment that the federal government might say we will backstop any municipality and runs into a shortterm cash problem, that might happen but right now these bond prices are getting pretty cheap given the historical default rates. But we are new intraday territory, theres a few smart people making a case that there could be widespread default if this virus last forever. But it will not last forever, it will last for three months, a lot of people say thats the window, it can be a rough three months, very taxing on municipalities and the Healthcare System and Small Businesses but you have to believe it will lead to largescale default, brokers are saying, they will look at bargains in individual bonds, i want to say one thing about new york city and new york state, it is very hard for new york city bond to go under, the bondholders have the first lien on sales tax revenues, there are rainy day funds in there, new york city geos, ill give you a little extra yield but theyre pretty safe are those and those are mechanisms that were put in a fiscal crisis of the 1970s. And there may be some bargainhunting here. Im just telling you what i know. The other story i want to hit on is the Insider Trading business, where a couple people including kelli loughlin, she is a senator from georgia, shes also the wife of jeff ahead of the nearest Stock Exchange. Liz the parent company. She sold her shares and sold stock on behalf of her and her husband well early on and after getting briefings about the spread of the virus that apparently were not made public, there was a lot of talk about her and other congresspeople getting these briefings and selling out. I will say this, im going to have a whole analysis on foxbusiness. Com coming up shortly. It may be sleazy, and may violate the stock act, i talked to the cobia professor, that is designed to stop congresspeople from Trading Information that they get while on the job and they can clearly say they got this information from other means including the broker and that goes with what kelli said in the other congresspeople. So it might violate that and other government rules but this is not Insider Trading. Stealing stuff from the shareholders, is not a good thing obviously, its far from it but its not Insider Trading. Is speaks to those at high heaven that hold on charlie. That people representing constituent have actually safeguarded their own money a head of letting other people in their state no beyond some of their big donors like we know senator burr apparently has done that. We do not have all the facts, lets take a deep breath, we should point out this is been going on for years. Liz it does not make it right. Im not saying its right, congresspeople can invest in stocks and their getting private briefings, these are senators, congressmen that can happen. That has happened. This is not necessary illegal, it looks bad, i get it. I think a bigger problem is not what Kelly Loeffler did with this, if she got an early briefing that the virus is worse than what is being made public, this was a Senate Briefing and doctor kaci was there and she did not communicate that to her husband, just until the other day the closing of the new york Stock Exchange. That is where this gets in my view, im not saying its criminal but its really bad. Liz ten minutes away from the floor of the new york Stock Exchange. Its shuddering at least for a few weeks, we do not know more about that and we do not know more beyond that. Charlie, thank you very much, netflix has announced it will create a 100 million fund to help displaced film and Television Workers and according to a blog post on the companys website, the funds will be given to the hardest hit people on its own productions. Dont forget these productions are not just hitting the actors, but the electricians, the carpenters, the drivers, the hourly workers, the makeup artist, all of the caterers, it is such a huge domino effect, the tentacles of these industries are unbelievable in 50 million will go to out of work crew members and cast in countries where netflix has a Large Production phase. The stock is slightly higher right now but you have to qualify for the moment. Nine minutes away for the week, its a very ugly picture whereat session lows, Dow Jones Industrial 860. 0 loss of fourpoint to 5 . As a p down 4. 5 right now in the nasdaq down nearly 4 . Russell 2000, they are taking an outside hit as far as percentages are concerned, more on par with s p, down 4 . These are the smaller publicly traded companies that take real moon shots. They also have less exposure overseas, people thought they would be okay with this is just basically in china but as you know it has been spreading around the globe, we are now looking at 100 more than 141 countries that have been affected by the coronavirus. Dow jones transports are down 3. 5 because again, the oil industry, the airline industry, everything is grounded at the moment, at least fedex and some of you have been getting deliveries from fedex and ups fedex is down about a fraction, ups, ups is down about 20 a quarter to date. Now we have eight minutes to go before the end of trade today and again, i will repeat, it is the last day of trading at the new york Stock Exchange which finally threw in the towel on wednesday and said it will close its floor starting after the bell today, monday indefinitely to contain the risk of the coronavirus infection, there have been 500 traders Walking Around that floor up until recently but one of them tested positive and then another employee tested positive. As we look at lows of the session, down, down a hundred 50 points, lets bring in archery and dollar panel power with 1. 1 trillion and under management as far as the end of last year, we probably know thats a moving target now. Were also joined by chief Investment OfficerEric Freedman. To you bob dole, are you seeing any entry points at all that you like at the moment . I am still with healthcare, i still think the gilead and abby that are part of where we will still have demand for product and some solutions, we still think the hmos, you pick your favorite, united, cigna, humana are still good prices to be relative to the market but we have to calm down the treasury market and more importantly the credit market before we can have a sustainable rally and equity. Lets get to all the topping when it comes to the financial pipes. There has been all kinds of announcements from the government saying we will put money here, add money there, the Federal Reserve has really stepped up and working xerox machine on the printing of the money of pretty much overtime with smoke coming out of the printers. But talk to me about whether its working, are you seeing cracks or encouraging signs questioning. Liz eric . Did we lose eric . Eric do you have us . Go ahead. We have seen a significant response by the Federal Reserve and we expect this process to make sure the market is functioning and you made several points earlier about whats happening with the new york Stock Exchange. Across different parts of them paper market, this is to make sure we see liquidity happen in right now that transmission no mechanism is okay but it needs to get better, of course we have to see in earnest the physical response, the longer it takes for washington to have a more defined program in a very tangible one, the more markets will waive impatience levels are quite low. Those are the two things we have to see, ongoing functioning of the Financial Markets and National Transactions and secondly, more clarity on physical. Liz bob, i have been looking at some of the Economic Data for next week, the team and i at claman countdown have looked at the fact that we are going to get to manufacturing data next week. That will encompass some of the very bad news we got in the last couple of weeks. Were talking about the institute for supply management, and the help of the manufacturing sector, the pmi. Could this force the markets if its an ugly number, couldnt force them down even more and with those be the days that you would advise people to maybe scoop up some of the names that theyve really been waiting to buy . It is certainly good, thats worse than expected but the expectations have dropped significantly even within the last 48 hours, communist are falling all over themselves seeing who can have the lowest number for the Second Quarter gdp for example. I think the markets expecting a really horrible number, a horrible set of numbers and i come back to what eric just said, more important in the fundamentals, can we get the system back on track, liquidity, credit spreads and can we get the washington to sign something sooner rather than later. Lets hope the republicans and democrats dont sit and fight about the details but get the ball moving to restore some confidence and reduce the fear. Thats the most important part. Liz standby we will come right back, we are breaking news. The dow is down 927 points, more breaking news we do here that at least one company is going to hire 6000 new fulltime, full benefit frontline employees throughout the u. S. And will pay all u. S. Employee benefits during a 14 day quarantine, that includes 100 of the pay, can you tell me which company that was . Pepsi, pepsi is going to do that. That is very good news. But there is no relief in the oil patch at this hour, crude oil is falling as we speak and aftermarket, it does not matter if the saudis talk with the russian, there is 0 demand, we are looking at oil at 22. 53 a barrel, thats where it shut. Lets get to susan lee and then will go back to eric and bob. Quickly we saw oils down 5 having the worst week it hit 18 year lows, yesterday we saw the best in history at 24 after the president said he might intervene in the saudi russia price dispute. But we have heard from the u. S. Energy department that will buy 30 Million Barrels for the petroleum reserve, also texas might be capping Oil Production as a result of the falling oil price, it will help hopefully lift the crude pricing that we have seen. We have also seen exxon trade near 2003 levels, and that is helping during drive s p which represents 10 of the benchmark. Liz we look to close at session lows, we have one minute and a half left. Give me your thought, why are we losing confidence in the final five minutes. This is a lot of technical selling happy as a function which i wont waste viewers time on, this is certainly a liquidity driven event that does not happen every week, that is a positive, the biggest thing happening right now when you touched on the fact of energy in the credit market. We really need to have some stability in Energy Prices these are not new news, these are things we havent heard before but we need to make sure we have stability there first before him we can form a better quadruple witching, you can tell us what happens on monday. There is no question this quadruple was a negative along with the credit spread, along with four selling by hedge funds and risk purity products. Liz we want to think bob and eric, the dow closes out the worst week since october 2008 and there you see a Single Person ringing the bell on the floor of the new york Stock Exchange that will now close for the next couple of weeks. A volatile end to a week like no other, President Trump is holding a call with people in the oval office, the dow closing down, sitting at the seven points. I am melissa francis. Connell i am, for stopping in. The nasdaq also selling off into the close down 4 a piece