Transcripts For FBC Mornings With Maria Bartiromo 20240713

Package may not be needed. Dow industrials down 76, s p down 4 points and nasdaq lower by 2 and a half this after roller coaster week on wall street where we saw dow industrials go back to bull market territory posting largest weekly gain since 1938. Dow, nasdaq, s p 500 up better than 9 on the week. We are now off of the lows at 20. 54 a barrel, down 97 cents, 4 lower. Cases of coronavirus are rising across the country, death toll topping 1,000 in new york. Mayor de blasio says people who do not practice social distancing in the city can face fines up to 500dollars. A Million Dollars raised fox last night including fox business. More Companies Help to go fight the war on coronavirus. Manufacturing, medical supplies to free flight to healthcare workers. Mornings with maria is live right now. Maria lets check Global Markets this morning as u. S. Searches for direction. We have weakness across europe, cac quarant down 41 and dax index in germany lower by 32 points. European leaders continue feuding unable to take unified action to compact combat the impact of coronavirus. Businesses and consumers across the euro zone lost confidence ever during march as impact of virus grew. Red across the board overnight. That was the largest cut in nearly 5 years, injecting 7 billion in money markets. The worst performer was japan. Lets check Interest Rates. 10year treasury is lower. Yield down 4 and a half basis points right now. The 10year sitting at level of. 638 following two consecutive weeks of losses. In the United States the total confirmed cases now accounting 20 of cases across the globe. 2500 americans have died from this virus. President trump says that social distancing is helping to curve the spread of the virus. Hes extending social distancing guidelines through the end of april, until april 30th the president says. Hes calling previous easter target aspirational. Therefore we will be extending our guidelines to april 30th to slow the spread. On tuesday we will be finalizing the plans and supporting data and strategy to the American People. Maria the president also thanks the American People for playing their role in social distancing and predicting a date of june 1st when we can hope to see the economy begin to recover. Meanwhile white house experts saying that we could see 1 million covid19 cases. Possibly 100 to 200,000 deaths. Its not its not a certainty that we would hit the numbers but cautioning it could happen according to dr. Fauci. Now topping 723,000 in the world. Italy has the most deaths, nearly 11,000 people died in italy. Spain nearly 7,000. Then theres china, iran, and france, rounding up top 5 followed by the United States with 2500 deaths so far. The u. S. Leads the world with the most cases meanwhile at 143,000 cases in america. Italy now with 97,000 followed by china, spain and germany. Meanwhile the number of infected First Responders also on the rise. In new york city the Police Commission says he expects 900 officers to test positive for coronavirus today. Almost 13 of the force is out sick. 3 members of the department have died of the coronavirus in the last few days. Cleanup under way after possible Weekend Storms push through the south. Homes and businesses are destroyed after his ef3 tornado touched down in jonesborough, arkansas. Italy reporting that two 100yearolds have beat the coronavirus. First 102yearold woman who made miraculous recovery in italy hospital and 101yearold man resting at home days after testing positive for covid19. Markets this morning volatile as ever, the president is now extending social distancing guidelines meanwhile through the month of april. Futures are shedding some gains, we are looked at mix story this morning as you can see the dow futures are down 4 points. S p futures went positive. Up 5 and a quarter points and nasdaq futures up 18 and a half. This after investors saw roller coaster week. It was the biggest weekly gains since 1938 last week as you could see from those numbers. Joining the conversation this morning Dagen Mcdowell, fox business Dagen Mcdowell in new york, kings View Asset Management and Fox News Contributor scott martin apong with pwc partner Mitch Roschelle, good morning team. Mitch good morning. Scott hey, guys. Maria the president said we would like to get back to work by easter and we have the social distanning and the guidelines extended through april, april 30th, dagen. Dagen indeed, virtually no cash flow in this country to get to the other side of this to even Start Talking about a recovery particularly in jobs and and finances in the economy. I want to point this out the wall street journal has incredible article about the make or break week in america this week. So the u. S. Restaurant industry has lost 25 billion in sales. 50,000 stores of u. S. Major u. S. Retailers that have been shutter and guess what is due repayments and many restaurants and retailers saying they will not pay rents which poses a threat to 3 trilliondollar commercial mortgage market. This is what we are talking about, what is going on in the real world and how its going to play out in the Financial Markets and to quote scott heimer, my experience in all kinds of markets including financial crisis is is bottom fish asking the most expensive sport in the world and he thinks 10 to 20 downside in equities and high yield default rates in the next year. Maria meanwhile i spoke with larry kudlow yesterday on sunday morning futures about what it is going to take for the u. S. Economy to reopen for business. Here is what he said. Are you wrangling with this question every day when to reopen the economy . Everybody is leaning towards keeping americas great economy first of all as stable as we can in the next few weeks, maybe its going the take longer, i dont know, but obviously all of the economic assistance packages, 6. 2 trillion as you know are given we will give direct assistance to 175 Million People. We will come back strong, but a lot of this depends on the virus and whether we can flatten it out and get to go town. Maria Mitch Roschelle, your reaction. Mitch you dont have to lock past the oils future market which was down around 18 to show you that theres fear that the Global Economy is slowing and will continue to slow and i think that thats the real message. This is not just a u. S. Problem. Its a global problem and i think the president indicating that we are not back to business until june, i think thats what the market is trying to digest this morning, what that means. I will trickle back to what dagen said. I think this is a make or break month. The biggest question i got over the weekend from Small Businesses and friends and Large Businesses is what do we do with rent payment this month . So i think theres realities rippling through the Financial Markets as we start to see the risk of defaults in a lot of securitized products. Maria scott, the cdc issued tri state travel advisory to slow down covid19. President trump says a mandatory quarantine is not necessary but rage it is rumor that he would do that. The 5 states with mandatory 11day quarantine for travelers are florida, rhode island, texas, maryland and south carolina, scott. Scott yeah, what scares me, maria, in illinois where weve had a pseudoo quarantine for 14 days. A lot of people dont seem that they are adhering to it. Traffic is down, yes, the number of people that are out, yes, are down but people are still out for unknown reasons, so until, maria, people take this seriously, adhere to recommendations from officials i think you still have risks as larry kudlow says that this virus is not contained say in april or may and have further impact to businesses in a longer time that we are stuck this this thing. Maria yeah, really the market needs clarity obviously. We need to understand what the earnings picture is going to look like for the rest of 2020 because we know that we are going to have a contraction the Second Quarter. We know that we are going to have slow growth if not another contraction in the Third Quarter, dagen. We will speak with sam stoval. Dagen not just in new york area but across the country and just to point out rhode island over the weekend it amended order where it went after specifically new yorkers. It was sending the National Guard, looking for new yorkers to tell them to quarantine for 14 days and threat of lawsuit from the governor of new york, the rhode island governor amended the order to include any anybody coming into the state not just new yorkers but andrew cuomo called it unconstitutional, luckily the governor of rhode island backed off on that. Maria unbelievable. We are just Getting Started this morning at 7 00 a. M. Eastern this morningly speak with agricultural secretary sunny perdue on impact on farmer. Chief investment strategist sam stoval on markets in getting clarity, plus Washington Examiner byron york will weigh in on president ial race, the impact there. 8 00 a. M. Eastern kyle bass on the markets reaction to the coronavirus pandemic and Misinformation Campaign coming out of china. New york archbishop Timothy Dolan here and austin joining me on the shifting labor trends, dont miss a moment of egg, big 3 hours coming up. 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Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Maria welcome back, a make or break week. Dow futures down 24, americans are awaiting stimulus money certainly from washington, many worry that the cash will not arrive fast enough as everybody from individuals to corporations are facing april bill starting this week and as you see s p futures up 3 points and nasdaq futures up 19. Joining founder mike lee strategy, michael, how do you invest with this uncertainty. We have guidelines extended until april 30th. Mike theres no clarity when its going to normalize and the virus is spreading at rapid pace. Maria these are such extraordinary times and they are calling for, i guess, extraordinary moves. I want to get your reaction to this as well as the panel because the government is now going to take stakes in the airline industry, possibly boeing as well. I spoke with National Economic director larry kudlow about this, about the extra executive compensation for Large Businesses and what will be the result of having the government as a shareholder. Here is sunday morning futures, watch. Is the government going to be activist shareholder or wanting to tell the companies how to run businesses, larry . I dont think we will be activists but we are laying down some conditions as i think you know no stock buybacks, no executive compensation increases, things of that sort. Maria apparently, michael, the government will get warrants and get equity stakes in the airlines. Mike people forget the government made a lot of money in Bank Bailouts a decade ago. I was in Morgan Stanley at the time. I believe that Morgan Stanley paid back in months and i think once we weather the storm and get through it this is an opportunity for the taxpayer to make money, so i think thats the right way to go. I think its a situation where it will work for everybody and will work for the companies, itll work for the government and work for the taxpayer. Maria dagen, its just so different than anything that you would expect come out of Larry Kudlows mouth after years and years as free market economists and talking so much about independence and free markets that now the government is going to be a shareholder because Steven Mnuchin told us last week, they look at the airlines as National Security. Dagen they are and the airlines are a special case in all of this because theyve been bailed out once by the federal government, they were still reckless in their management. Delta, for example, went bankrupt shortly after that and then they were using billions of dollars collectively to buy back stock, the executives paid well. I believe delta paid 1 and a half billion dollars in bonuses to its employees. The airlines, for example, are in the business of managing risk and thats something that they didnt do. They were not planning, they were not managed for an event even of much smaller proportions than the global viral outbreak and to ask for, hey, we are giving you 25 billion in cash, another 25 billion in loans, we are taking we are taking some of your stock, its called a different type of stock buyback, isnt it . Maria i guess so as they are saying no stock buybacks with any of this money of their own. Michael, do you have any clarity whatsoever in terms of what the earnings picture looks like for 2020 or is that at the end of the day the issue for markets . Mike you know what, maria, i dont think its so much 2020, its the return of normalcy. Fourth quarter 2020 or is it second or Third Quarter of 2021. I think investors i think companies in some cases be able to use this to get away as a crutch for earnings. I think expectations for the Second Quarter will be so low that its almost not relevant. Its when are we going to get back to normalcy. Are we going to have a snapback economy and i say that based on government legislation thats coming out thats a distinct possibility. Spa lending where you can get a loan within a day of approval, thats a gamechanger and also sending direct money to people. I dont know that that money will be enough for people struggling to pay bills and pay the rent but absolutely better than nothing and when you combine with unemployment benefits, the government has done something right here. Maria its big because you have the leverage that can be taken you have because of the combination of the treasury and the fed balance sheet. Michael, thank you, we will keep following that. Michael lee, stay with us. We have the market thats mixed and we have a lot to come right here. Stay with us. 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. Maria welcome back, we continue to look at the rest of the tempf where this goes, covid19 disease. I spoke with arkansa yesterday y morning futures on whether the Chinese Government has been lying over the spread of coronavirus in the country. Here is his take. You raised questions about whether or not, in fact, the pandemic is gone in china. Are they still lying . China says they have no more new cases, no more new deaths, yet they closed all movie theaters nationwide only a few days after having opened them up or looked at some of the mortuaries. They have ordered more than 5,000 urns and you know communist party is still lying today as december in january and thats why what could have been a local Health Problem in wuhan turned into a Global Pandemic for more than 2,000 americans have now died. Maria so its hard to know what to believe, Mitch Roschelle, jump on in on for a moment because we know china down played the virus from the getgo, they knew about this at the end of november in 2019 and didnt tell anybody, didnt allow the cdc into china to actually investigate origins of it. How do we know now that everything is fine in wuha, in the way they are saying . Mitch yeah, its very difficult and the thing that i worry about is the the lead for global coordination around data so we can make informed decisions. The president s presser tony fauci talked about the models. We need information thats reliable from another country like china so we can know what the right assumptions are for our model. Thats the thing thats quite troubling that youre not sure that theres enough transparency so we can make decision for ourselves. Dagen hey, maria. Maria a lot of media right now on the fact that wuhan is back to normal, dagen. Dagen i want to point out that Jennifer Griffin tweeted out. The United States sent 17 tons of ppe, personal protective equipment to china. In early march 5,000 medical personal protective equipment to thailand and then to kasikstan and asbekastan, we were trying to help the nations, we were trying to help china which again was not telling the truth about the virus in the first place and here we are struggling to get this ppe to our medical professionals who are now on the front lines of fighting this virus. Maria yeah, its amazing that all of that equipment was sent and now we have all of this these issues at home. We will speak in a little while with dr. Jeremy, emergency physician to talk about of state of hospitals today. Lets take a short break, when we come back, we have more of that live, stay with us. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Maria welcome back, good monday morning, monday march 30th, top stories right now 6 30 a. M. On the button on east coast. The cases of coronavirus rise ago cross the country. Death toll is now topping 1,000 people. Futures are searching for direction this morning. Wild ride rolls on for stock prices, take a look, dow futures down 45 points and s p futures down just a fraction and nasdaq futures up 11 points right now this on top of another roller coaster week on wall street. We saw the dow jeans industrial average go back into bull market territory pushing largest weekly gain since 1938, the dow, nasdaq and s p 500 up better than 9 last week alone. Take a look at oil prices this morning, they dropped below 20 a barrel earlier overnight, pushed lower by eroding demand and ongoing price war between russia and saudi arabia. We have bounced off of the lows showing a decline of dollar lower on crude oil. Global market this is morning look like this. European indices giving up earlier gains and now s p 500 down 48 points and dax index in germany lower by 21. One issue european leaders continue feuding. They are unable to take unified action to combat impact of coronavirus. Businesses and consumers across the euro zone suffered the largest loss of confidence in a single month ever during march as the impact to have virus grew. It was red across the board in asia overnight, take a look, all major indices down with worst performer in japan, nikkei average down 1 and twothirds percent. Peoples bank of china taking action cutting Interest Rates on loans on banks, largest cut in nearly 5 years and injected 7 billion in money markets in china. Coronavirus cases on the rise, there are now estimating 143,000 cases in the United States and over 2,000 people have died. White House Task Force doctor and on thisy fauci predicting upwards of 200,000 deaths if initials do not get a handle on the spread. Here is what he said yesterday. I think its entirely conceivable that if we do not mitigate the extent that we are trying to do you can reach that number. The fact is its possible. Harvard medical School Doctor germany fouse. Glad to be with you. Maria you heard the prediction and the commentary. Can you tell us what you see in the hospital industry today . Are you seeing hospitals that at a breaking point . Well, what i can say its not someone who told me who told me. These are the stories that scare me are coming from friends of mine in er doctors in new york where i train. I trained at elmhurst hospital in queens. I know some of those doctors. Theyve always seen everything and they are saying that this is very scary. Where im working still we see a lot of cases and more than i ever imagined. I think none of us really saw how real this was going to be and now when i go to work i see it every day. I see coronavirus every day all of the time in many of my patients. We here in boston are still in a situation where we can provide medical services that we want to do, but we are not immune to what is happening in places like new york and places like italy and that gives you reason for pause, maria, because people like me, er doctors, we have a thick skin and we are with it, we have the sort of right stuff for this kind of a situation but when my leagues and i get worried, thats something to really take stock of because we signed up for this and and the main thing if we dont have equipment to keep ourself safe we cant keep patients safe and thats where the numbers start to add up. Maria this is the issue around social distancing and orders that the government is hoping that they can flatten the curve where people are not all getting sick at once because i reported this last week that one individual said to me that we were hours away from no more beds, no more ventilators, so much so that hospitals, some hospitals in new york were unable to take heart attack victims and stroke victims because they were overrun by coronavirus. Is that what youre seeing in some corners of the country . Thats correct, something that we anticipate and we dont necessarily have the capacity. As you say other medical problems continue to go on. Your heart attack sun aware of coronavirus thats in the neighborhood or not and so we really have to go out of our way to make sure that our capacity is addressed. The centers for Disease Control and prevention just rolled out Surveillance System over the weekend which basically allows hospitals around the country to up load 13 pieces of information which officials can then use to say, okay, where do we have the number of cases in each hospital, how many beds and ventilators do we have and where and then that could help people move and know where the problem is. Uncertainty is the big problem because we dont even know where the fight is. Maria right. We know its everywhere but it could be and thats where the uncertainty is go ahead, scott, jump in. Scott this is scott martin in chicago. We appreciate your dedication to your craft. With respect to recovery, though, what is the, i guess, prospects of using antibodies serum from some recovered to get to recovery point as we wait for vaccine, is that reliable to be based on that track somewhat . Its a really great question and we are getting a lot of that. What i would say a couple of things. First of all, as an emergency person you always have to assume that things like that are not going to work and prepare for the other scenario, so we dont want to be caught in a situation where the predictions that we are hearing actually come true and we didnt act upon it because we were hoping for savior in the form of medication or plasma or this or that. We have to do the things that we know will flatten the curve and keep people like me able to go to work and save lives. When it comes to the studies we are seeing on the plasma its early and its very, very easy to hear stories of benefits, things that work and forget about the fact that these kinds of medicines whether its plasma or hydroxychloroquine, they alter the body. Im not trying to scare anybody. What im trying to say we need to study in large numbers to know if the safety benefit is there because you could help patients and hurt a few, you need to know the balance and thats what medical research is all about. Im very hopeful that we will get something, but im also maria what about the research go ahead, finish your thought. No, steadfast in the idea that its the height of medical responsibility to say we will give you something that we know helps you and wont hurt you and in order to do that we cant have a few cases thats here and there thats anecdotal. Thats good but thats a starting point. Very early starting point and we have been burned before. Drugs have been pulled for the market because we didnt know enough about the safety. We cant afford that now. Maria sure. What about the 3d machines. I love the innovation thats coming out of this in one part of this. George Washington University showed a 3d rendering of how coronavirus ravages the lungs. We want to look at this because the 3d pictures are incredible. Pictures from 59yearold male patient who contracted the virus and previously healthy except for history of high blood pressure, so the yellow areas are of note. They show infected and inflamed regions covering both lungs. Can you talk a little bit about what the disease does to the lungs . Well, this disease is is impressive and the fact that it kind of takes up shop in various parts of the lungs as you see. When i look at a cat scat which is not scan, which is not 3 dimensional, it looks to me just like the very nice fancy videos which is that the virus takes up residence in various parts of the lungs and its not it doesnt look pleasant and when you also map that out to how the patients look clinically very often it matches. So youll see someone that is struggling and you look at cat scan and it matches. We will see pictures in patients that dont have the level of symptom yet but many of them will develop that symptom which is a big problem. Maria what about this it can actually spread before you really realize how symptomatic you are. Maria and the new report, theres a new report that shows that patient who is are obese have a much greater chance of becoming critically ill of coronavirus and is there a difference men and women, is it affecting men more so than women, what are your thoughts on thought, obesity and male versus female . Yeah. These kinds of risk factors are definitely real, but i would say that they kind of the way i would sort of make analogy is to take what spice youre adding to main dish. Main dish is coronavirus and thats the big problem. Whether or not you add salt or pepper, a couple of Different Things in terms of little bit of the pie chart of who gets it and who doesnt. I wouldnt say man or woman obsessor not you will or will not get the virus. Thats the thing that i dont want people to conclude because, in fact, maria i see. Its a small difference and its real. The kind of obesity that we are talking is not people who cant get around and all that, obesity is defined as a body mass index of over 30 and if youre 6 feet tall, that counts and so thats the level that we are seeing as increase. This actually affects everybody in america because so many people are and its not like the kind of obesity that you might picture when they run the news reals on tv and all that. Its actually kind of run of the mill. Maria i understand. Its run of the mill. Thats a really important point that you make. Dr. Jeremy foust. Thank you very much for your great work. My pleasure, thank you for having me. Maria Cheryl Casone with that story, cheryl. Cheryl amazon employees are demanding that the facility in new york city, Staten Island to be specific be shut down and sanitized after someone tested positive for covid19. They also want to keep getting paid while the the shutdown occurs. Insta cart workers are calling for more sanitizing products along with extended sick pay and also requested pay for each other they complete, maybe 5 per order. Insta credit would distribute Safety Supplies and launching new customer tip default setting. Well, the Kennedy Center will not be using its 25 million from the coronavirus stimulus package to pay its physicians. Kennedy Center President told the money would provide cash flow for essential personnel to ensure that the center can reopen, Kennedy Center has canceled out performances through may tenth. Well, toyota is feeling the impact from the coronavirus pandemic in europe. The automaker has halted production until at least april 20th, plans in great britain, czechoslovakia and portugal. Here is what he tweeted in part. The u. S. Will not pay for their security protection. They must pay. They have made privately funded security arrangements. And finally, musicians took to the stage, sort of, performing from home for a starstudded concert for a very good cause. Cheryl love that song. Elton john hosted alist event, fox teaming with i heart radio. They are working on the front lines. Back to you. Maria it was really good. And it was really cool to see everybody in their townhomes and their own home studios and living rooms. Cheryl, thank you. Cheryl you bet. Maria short break and we have a lot more on the other side of that. Stay with us. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com maria welcome back, 110 million americans have credit card debt. According to new credit card. Com half of them are stressed about the situation. What can they do about it . Ted rossman, thank you very much for being here. All the bills are due april 1, what do you recommend people do right now who are facing all of this debt . First thing is youre having trouble, speak up. Banks are remarkably generous when it comes to card holders but we need to let them know, contact them by online chat, social media, ask for a break. See if they can waive that next payment ideally without charging against. Maybe they can also waive other fees. Theyll give you a break if they know about it. Maria so you say the Credit Companies are willing to work with card holders, how come the Credit Card Companies have gotten the memo of rock bottom Interest Rates. You talk rock robot rates except when it comes to Companies Like visa, master card and the rest that are charging 18 , 19 credit card rates . I think what the banks would say this is unsecured debt. They are not sure they are going get paid back. Unfortunately during Great Recession we saw credit card charge spike to 10 and a half percent. Even in the past couple of weeks we have seen issuers tightening their lending spenders and not sure if they will get paid back, this is why some of them are so nervous. Maria so all Credit Card Companies you say are willing to work with card holders . They are. Some of the best are apple card. Theyve stepped up and said they will waive the march payment for card holders who ask and theyre not going to charge interest and thats really important. On a casebycase basis it seems like American Express and capital one are offering the same thing, again, no payment and no interest. All banks are willing to waive a payment or rearrange due date but most of them do seem to be charging interest. So if you can definitely kick the can down the road without interest accruing. Make sure that credit score doesnt get hurt either. You can get put into some sort of forbearance, Disaster Relief that wont hurt credit. Maria i see. Here is scott martin. Scott yeah, how do you do that . You contact Credit Card Company telling them you have trouble but you have to go to credit agencies as well say i worked out deal with visa, master card and frankly the bank behind it and get those two to match up records so you dont get impact to your credit score . You do need to contact your credit card issuer. You do not need to contact the Credit Bureau themselves. The issuer will handle that. I would make that part of my ask, though, so if im asking for a waive payment or a lower Interest Rates or some sort of break, i would also just clarify that this wont hurt my credit. Usually some sort of Hardship Program, the same thing exists for our hurricane or tornado or natural disaster. You can get into the Hardship Program and sometimes they call it forbearance, Disaster Relief, that should be enough to protect your credit score. Maria dagen. Dagen i will try to say this without seeming really, really angry. Why is the burden on the individual . Why is the burden on the person with the credit card to each call the Credit Card Companies . Why wouldnt they simply just impose a blanket policy for a nation that is at war against this virus . Why is the burden on the individuals of each and every individual that have no income and have to spend hours on the phone contacting Credit Card Companies, really . Yeah, its a good question, dagen. I think the answer is that obviously the banks want you to make the payments and we dont know how long this is going to go on so ideally they want you to go current and they are willing to work with you in times of stress. The thing is we just dont know how long this is going to go on so whatever you can do, you can be practical here and i do think you also need to conserve some element of cash so use your stimulus check wisely. Maria always a good idea. It has seen the break in the clouds before anyone else. For the past 168 years, weve also stood by you, helping you weather storms like this one, to protect your loved ones. And well do it for 168 more. Helping you weather storms its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] maria welcome back, streaming and sipping, Spirits Network a unique way to shop for top rated alcohol with premium spirit and opportunity to buy products on the app. Joining us Spirit Network ceo nick busel, thank you for the Spirit Network works and what kind of a reaction youve seen . Thank you for having me. Spirits network pairs streaming entertainment with home liquor delivery and a monthly curated service. As youre watching us on apple tv, android device, you can click and purchase anything you see and have it delivered right to your home and given the challenge that we are all facing with the quarantine, we hope to make everyones quarantine a little bit more enjoyable. [laughter] maria thats unbelievable. Have you seen uptick in business with all of us staying at home due to coronavirus . We have. We have seen over 500 increase in membership and usage, we we e also giving membership away and given the challenging time people are struggling financially, so using the code foxvip or fox, you can actually become a member for free. Maria i love that. Fox vip or fox. Do you think that shoppable streaming is the wave of the future. Do you have partnership with streaming companies . We are a direct streaming service. We are similar to what you would get with netflix or hulu. We have documentaries, we have great mixology classes. We started Live Streaming and every wednesday we have new show called whiskey wednesdays where we do live whiskey tasting. Every friday we have a series called home bar hero with our mixologist specialist rob floyd where he teaches you how to make 3 cocktails, so weve done a lot more live broadcasting given whats going on, but we also have over 100 hours of premium programming that is really something for everyone. Maria all right, sounds good, nick, we will be watching, thank you very much for joining us this morning. Thank you for having me and stay healthy out there. Maria nick and to you, nick buzzel. Agricultural secretary sonny perdue is here on covid19s impact on American Farmer and food supply. Next hour right here. Maria welcome back. Good monday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is monday, march 30th. Your top stories right now, 7 0. President trump has extended social distancing guidelines, keeping many businesses and individuals home until april 30th. That is the next deadline. He does expect the country to be well on the way to recovery by june 1st. This as dr. Fauci warns we could see up to 200,000 deaths in the United States. Meanwhile, some members of Congress Working on another stimulus package, just days after the 2 trillion relief package was signed into law by President Trump. House minority leader Kevin Mccarthy telling me a fourth package may not be needed. Futures are searching for direction this morning as the wild ride rolls on. The s p futures are up 2 points and nasdaq futures higher by 14 andahalf. This after another roller coaster week on wall street last week. We saw the dow go back into bull market territory, it posted the largest weekly gain since 1938 last week, the dow, nasdaq and s p 500 up better than 9 on the week. Lets Check Oil Prices this morning. Earlier overnight, oil cracked 20 a barrel, pushed lower by eroding demand and ongoing price war between russia and saudi arabia. The u. S. Trying to get the saudis to back off. Crude oil down to 20. 29 a barrel. The cases of coronavirus are rising across the United States. The death toll now topping 1,000 in new york, mayor de blasio says people who do not practice social distancing in t to 500 apiece. Over 1 million raised last night with the help of musicsrt the war on coronavirus, from manufacturing medical supplies to free flights for healthcare workers many mornings with maria. Maria is live right now. Maria in europe, markets are giving up earlier gains. Were looking at a decline and then some. Fq100 down 51 points, cac in paris down 43 and dax index in germany lower by 13. European Union Leaders still unable to take unified action to combat the impact of the coronavirus. Businesses and consumers across the eurozone suffered the largest loss of confidence in a single month ever during the month of march as the impact of the virus grew. The peoples bank of china took action last night, cutting Interest Rates on loans to banks. They cut rates by 20 basis points, the largest cut in nearly five years. Also injected 7 billion into money markets. The yield on the 10 year treasury is lower this morning, take a look. This follows two consecutive weeks of losses. The 10 year treasury down 3. 6 basis points at a level of 0. 647 . Joining the conversation this morning, Dagen Mcdowell, scott martin and Mitch Roschelle joining me this morning. Its amazing to look at the Interest Rates, having become the norm, dagen, at 0. 6 . Dagen right. And how much of this will actually reach the people most in need going back to our segment last hour about the Credit Card Companies, the guest was saying we dont really know how long this will last. Well, we kind of do. We know its going to last at least through april, if not longer. So why not give people a break on their credit card payments or just automatically take proactive measures to benefit those hard working americans who cant go to work right now. Maria its pretty unbelievable youve bought 17, 18, 19 rates on Credit Card Companies when youve got a 10 year yield at 0. 6 . Thats private business, i guess. Want to get the latest on coronavirus. In the United States, the total confirmed cases more than 143,000. Thats accounting for 20 of the cases across the world. Just over 2500 americans have died from this virus. President trump says social distancing is helping to curb the spread of the virus and he is extending the social distancing guidelines throughout the end of april. April 30th the new date to watch. The president calls his previous easter target aspirational. Therefore, we will be extending our guidelines to april 30th to slow the spread. On tuesday, we will be finalizing these plans and providing a summary of our findings, supporting data, and strategies to the American People. Maria the president also thanking the American People for playing their role in social distancing and predicting a date of june 1st when we could hope to see the economy begin to recover says the president. White house experts warning that the u. S. Could see more than 1 million covid19 cases, possibly 100 to 200,000 death as a result of this disease. Dr. Anthony fauci making clear it is not a certainity well hit those numbers but cautioning it could happen. An infant in illinois diagnosed with the coronavirus has died. The governor there announcing the babys death over the weekend. The infant may be the first baby in the United States killed by the deadly virus. And the Transportation Security Administration says more than 60 of its screening officers have tested positive for covid19 just in the last two weeks. 60 officers. Those officers work at some of the nations largest airports including jfk, Kennedy Airport in new york, Miami International and Dallas Fort Worth international. Flights have dropped by nearly 70 due to coronavirus related travel restrictions. Cleanup now underway after powerful Weekend Storms pushed through the south, meanwhile. Homes and businesses are destroyed after ef3 tornado touched down in jonesboro, arkansas on saturday night. At least 22 people were hurt. Right now, support is pouring in for the doctor in this viral photo. You see him touching hands with his son through a glass door. Lets take a look at those pictures. He treats coronavirus patients. The tornado destroyed dr. Jared burkes home. A gofundme page is raising money for him and his family right now. And finally, today is National Doctors day. The day has been celebrated since 1933 but today it takes on new meaning amid the coronavirus. Healthcare workers are putting their lives on the line every day, working long hours as they treat patients infected with the coronavirus which is why i keep giving shoutouts to all the healthcare people across the country for doing so much hard work. Thank you. Fighting for americas heartland, our nations farmers are on the front lines of the coronavirus pandemic. Ensuring u. S. Food supply remains strong as a surge in demand sparks large scale disruption in the agricultural industry. The coronavirus yet another blow to hit u. S. Farmers in recent years as many are still ng to recover from the ongoing trade feud, remember. Here with me now is u. S. Agricultural secretary, sonny perdue. Mr. Secretary, thanks very much for being here. Good morning. Good to be with you. Maria what changes have you made . How is the usda ensuring that the safety of farmers as they work overtime to supply food to much of the United States, really interested in getting your take on the food supply and any vulnerabilities right now. We have a very complex Food Supply Chain from those vendors that supply our farmers with the tools and inputs they need to grow the crops and then after that, it what to be harvested and processed and food safety inspectors are on the job as theyve always been and the processors and logistics, all the way to the consumer, its a complex supply chain. Fortunately its sound, its stable and i think the demand surge we saw a couple weeks ago, were seeing shelves replenished. I think that gives people a sense of calm when they go in the Grocery Stores and see the replenishment there. So things are working very well there from the farm to the fork. Maria so theres no evidence that you have seen that s any vulnerabilities to the coronavirus then . Very little. Only in spotty coverages there and thats very, very minor and when we hear about those, we correct that. So this whole system has been very stable. Its the best Food Supply Chain in the world and its demonstrated in the light of this pandemic. Maria so the government forced to step in multiple times over the last few years to support farmers who have been hit hard by the longstanding trade disputes or disagreements with china. Secretary, how do our farmser survive another devastating blow . We know what they just came out of on the heels of the expense of tariffs. Its very challenging, obviously, even with phase one and we see china beginning to buy thanks to President Trumps leadership and using the leverage of his office and we see good news coming out of there, even under the radar regulatory issues are being resolved. Nonetheless, its still tough on the farm, all the way through and farmers are under duress. We dont know exactly what the thankfully with this latest legislation thats help farmers. Well continue to evaluate that and make some recommendations to the president. Maria secretary mnuchin joined me last week and said the airlines are National Security and that was one reason that the u. S. Will take equity stakes in the airlines a as a result of te money being given for assist. Do you see the Food Companies as National Security . Well, i think food is National Security, certainly. And thats one of the things that we have to be proud of is Food Supply Chain and keeping people fed is vitally important. But i dont think we have any farmers or anyone in the Food Supply Chain that wishes to have an Equity Partner of the u. S. Government. Maria so how severely is the outbreak impacting the Food Supply Chain then . Again, it has some impact but the factor is, these people are coming to work where many people are telecommuting, those people are providing inputs, the farmers and ranchers who grow the food are there. Those who process that food are there. And theyre the real heros, just like your health professionals, maria, coming to work every day, getting the job done and filling those grocery shelves. Maria youre right. And i want to thank them very much. The usda took action to help feed those who need food during the kean covid19 pan pandemic. Tell us whats happening on the usdas part. Many people dont realize how integrated the usda is with the School Nutrition program. And with schools being closed, kids not able to get the breakfast or lunch they get at school, we had to issue waivers immediately in order to help people be served in different ways. Weve got interesting public, private partnerships that you may have heard about last week. One in texas that began there as an outreach of baylor universitys collaborative on hunger and poverty along with mcclain global and pepsico are packing a million meals a week and distributing them to rural kids that cant get into town. Thats a great thing right there. Thats the spirit of america. Maria i love that so much. Thanks for sharing that. That is really great. Secretary, before you go, you want to be similar pathetic and we are all very sympathetic to what has pan place here and how it originated in china. But why do we see so many things like this originate in china. The last time you were with me, we were talking about the swine flu and the fact you had 200 million sick or dead pigs in china and we were talking about the worry and the impact of that from disease to higher prices for pork. Why do we keep seeing diseases like this come out of china . Maria, thats an interesting question. I think we need to discover. You can go back to sars and even before that and really some of these wet markets and the transmission of disease thats transmitting from animals in some way to humans and becoming infective in this novel coronavirus, weve had coronaviruses in animals for a long time but when they transtot deal. I think your question is something we need some great discovery on, why are these coming and originating in china. Maria yeah, well certainly the standards are quite different. Secretary, thanks very much for joining me. We appreciate your time. Thank you. Good to be with you. Maria agricultural secretary sonny perdue. Coming up this morning, join us, well take a break but then cfra chief investment strategist is here on markets and getting clarity on earnings. Plus, chief Political Correspondent byron york weighs in on the president ial race. At 8 00 a. M. This morning, we will talk with Eastern Capital management founder kyle bass on the markets and if reaction to the coronavirus pandemic. He knows china very well. He will talk about the Misinformation Campaign coming out of china. New york archbishop Cardinal Timothy dough lain i dolan is hg the face and former Economic Advisor Austin Goolsby is here on the shifting labor trends. Well be right back. Maria welcome back. A stock alert for you, breaking news, bank of new york melon appointing Thomas Gibbons as the new cfo. The stock this morning is up 3 on this news in the premarket. Meanwhile, coronavirus fears impacting the broad market pretty severely. Futures this morning are mixed. We are looking at a nervous morning. We have all all the major indices turned positive, dow up 22, s p up 10 and nasdaq up 46. Jp morgans strategists say the markets have seen the low points for the recession, thats gripped economies across the world. Jp morgan calling the low in this market. Joining me right now is cfra chief investment strategist, sam stovall. Its great to see you this morning. We all want clarity in order to believe that this market has in fact seen the worst. Do you have any clarity in terms of what the 2020 earnings picture looks like . Well, its certainly getting clearer and clearer, maria. Right now, expectations are for an earnings recession because the first three quarters are projected to be negative according to s p capital iq consensus estimates, down 6 in the first quarter, 12 in the Second Quarter, and then 3 in the Third Quarter, off 4 for the full year. Maria oh, wow. So you are looking at this year as a recession then, youre talking about three consecutive quarters of contraction, down 6 in the first quarter, down 12 in the Second Quarter, down 3 in the Third Quarter. Do you think well see a big rebound in the fourth quarter, sam . Not a big one. Were expecting a 4 gain in earnings in the fourth quarter. Really, the rebound is expected to be seen by the economists. In the first quarter, gdp is expected to be off around 2 and then in the Second Quarter down more than 7 . But then seeing about an 8 andahalf percent jump in the Third Quarter. So i think the real question is who is right. Is it the ebbin economists or te analysts with the earnings forecasts. But expectations are that it should end up being a vshaped recovery, just as it shows a vshaped decline. Maria so youre saying youre seeing a decline, a contraction in earnings for the first, second and Third Quarters but the gdp actually the numbers are a little better. Dagen, jump in. Dagen in terms of what you were talking about, maria, this jp morgan saying that the market route is probably past the worst by now, sam, lets look at credit. Again, thats the most important thing to watch, other than equities. The spreads on Investment Grade bonds, they peaked at 618 basis points during the financial crisis. Were only at 373 basis points right now. That indicates that theres a lot more selling to go in Investment Grade credit here. Well, either theres a lot more selling to go or theres less fear in the credit markets than was seen in 2008. I think remember back then, you really did not have a bed that t was as responsive as the fed is today. You also had concerns about derivatives in 2008 that you dont have today. I would tend to say that you could either look at it with the glass half empty by saying its much further to go or half full by saying its not going to go that low because thats not where the fear is. Maria mitch, jump in. Yeah. And im going to sam, good morning. I want to stay on that credit topic because we had a guest earlier talking about credit cards, forbearance, we have a lot of retailers potentially not paying rent. So the credit market isnt just corporate credit, theres a ton of structured product out there where weve securetized loans. As those credit spreads start to widen because theres fears of default in that space, how does that ripple through all of the credit markets . Good morning, mitch. Obviously, those are concerns, thats probably one of the market did as poorly as it did during this for the s p 500. But also take a look at s p global, spgi, you can see that it has responded quite nicely, is down substantially less than the market as a whole. So i would tend to say that investors are voting with their pocketbooks by saying that the credit situation will probably not be as bad as many people are anticipating. Look more toward real estate and rentals and so forth as a guide for that sector. But in terms of credit, again, it seems as if investors are not as worried this time around. Maria all right. We will leave it there. Sam, thank you for the info. Great to talk to you as always. Thank you. Sam stovall joining us there from cfra. Well take a break. A lot more to come. Stay with us. Blam i am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. [ one morwoo me b[ laughing ]] woo play pop music no way dude, play rock music yeah woah no matter what music you like, stream it now on pandora with xfinity. And dont forget to catch trolls world tour. Lets party people one more time maria welcome back. Coronavirus taking a toll on the nations Law Enforcement as well. In new york, nearly 700 nypd employees have tested positive for the coronavirus. Three of those have died. The Police Department says the number could exceed 900 by today. This coming as yesterday nearly 14 of the nypd workforce, more than 5,000 employees called out sick. Over in new jersey, state Officials Say over 700 Police Officers have tested positive across that state. And then in detroit, more than a fifth of Police Officers are now in quarantine after potentially getting exposed to the virus during a Community Event earlier this month. At least 39 have tested positive there including the chief of police. Im back with dagen, mitch and scott this morning. Dagen, your reaction to this . These are the people obviously on the front lines and they are putting their lives at risk. Dagen Police Officers, members of fire departments, both professional and volunteer, your ems workers, emts, paramedics and all of the people working in hospitals throughout this country. I called a friend of mine who works in an emergency room here in new york city yesterday, just to thank him and to tell him to pass along my thanks to all the people with whom he works. I said this is your calling, this is why you are on planet earth and just wishing them the best but supplies are still a huge issue and were hearing that from medical companies. That the manufacturers of these medical supplies have come out and said that theyre not getting guidance from the federal government about where to send those very supplies. So lets hope something collectively comes together very quickly to make sure that those supplies are directed to the hospitals in areas where theyre most needed. Maria yeah. I know ive heard the same thing. Its been really hard to get the products to the people who actually need those products. So the supply lines need to be fixed. So i know that theyre working on that but, mitch, your thoughts on that . Yeah, the thing that alarms me is life continues to go on, unfortunately theres still fires, theres in fact perhaps more crime with the way people are being let out of prisons, and weve never been more vulnerable and thats the thing that sort of keeps me up at night, honestly. Maria all right. We will keep watching that. Its an important part of the story. Well take a break. When we come back, 2020 is in focus, how President Trump and former Vice President joe biden stack up amid the Coronavirus Crisis. Stay with us. 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. Actions to help prevent the spread of respiratory diseases. Wash your hands. Avoid close contact with people who are sick. Avoid touching your eyes, nose and mouth. Stay home when you are sick. Cover your cough or sneeze. Clean and disinfect frequently touched objects with household cleaning spray. For more information, visit cdc. Gov covid19. This message brought to you by the National Association of broadcasters and this station. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Maria welcome back. Good monday morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is monday, march 30th. Your top stories right now. The cases of coronavirus are rising across the country. The death toll has topped 1,000. Markets are searching for direction this morning as the wild ride rolls on. We are looking at a gain at the start of trading this morning after back and forth throughout the morning. The dow futures are up 20 points, nasdaq up 32 and s p futures up 7 and three quarters on top of a roller coaster week last week on wall street. We saw the dow industrials go back into bull market territory after being in a bear market. Last week the dow posted the largest weekly gain since 1938. The dow, nasdaq, s p up better than 9 on the week. This morning oil prices are below 20 a barrel. They were pushed lower by eroding demand and ongoing price war between russia and saudi arabia. The price of oil down 1. 10 at 20. 41 a barrel. Global markets look like this. European indices giving up earlier gains, further into negative territory. European leaders are unable to take unified action to combat the impact of coronavirus. Suffering the largest loss of confidence in a single month during the month of march as the impact of the virus grew. It was red across the board overnight in asia as well. The peoples bank of china cut Interest Rates, taking action last night, cutting Interest Rates on loans to banks by 20 basis points, the largest cut in rates in nearly five years. The bank of china injecting 7 billion into money markets. The shanghai composite nonetheless lower by about 1 . Disney shutting its doors until further notice. Cheryl casone with those details now. Cheryl. Cheryl thats right, maria. The Magic Kingdom will stay shuttered until further notice. Walt disney world and disneyland will remain closed as the coronavirus spreads through the u. S. Disney had originally planned to keep the parks closed until the end of this month. Disney going to pay its hourly parks and resorts employees through april 18th. There is disney in the premarket, down fractionally. A new day has been chosen for the rescheduled Tokyo Olympics, the games will kick off july 23rd, 2021, almost exactly one year from when the games were supposed to start this summer. International Olympic Committee agreed to delay the games last week after the coronavirus made it impossible for athletes to train and many were not comfortable competing amid the pandemic. Cigna and humana are stepping up to help customers treated for the coronavirus. The companies are waiving outofpocket costs, that starts today. The move busying that will run the move busying that will run through may 31st. Cvs health announced a similar decision last week. It was a concert like none other as musicians turned living rooms into stages for Coronavirus Charities. Racing around. There goes my hero. Watch him as he goes. Cheryl that was dave grohl. He dedicated that performance to all the First Responders out there. The event was hosted by elton john, made possible by a fox and iheart Radio Partnership. The show raised more than 1 million last night, all of it for charity. Back to you. Maria i love it. Thank you, cheryl. Cheryl casone with the latest there. We are looking at President Trump gaining ground in the 20102010 race. Former Vice President joe biden only leading the president by 2 points now in the latest abc news poll. This is an abc news, Washington Post poll. That is well within the margin of error of course. While biden slightly leads in the polls, his supporters are not excited by his campaign with only 24 saying that they are, quote, very enthusiastic about his campaign. Joining us right now to talk more about that is chief Political Correspondent at the Washington Examiner, byron york. Good to see you. Hope youre doing well. Thanks for being here. Good morning, maria. Maria you know, you see President Trump out every day with the task force, giving press conferences, giving us updates on the covid19 disease and its impact. Youre not seeing much of joe biden. Tell me what this is all doing to the election now just a few months away. Well, first of all, there seems to be a real disconnect between a lot of the commentary that were hearing about President Trump and his updates that he gives daily from the white house and what were seeing in the polls which is the polls for the president , his job Approval Ratings are going up. Now, you remember this is in a kind of a trump scale because in the real clear politics average of polls, until now the president s job Approval Rating had never been higher than 46. Now its more than 48, 49 in this new Washington Post poll. So it is actually going up at a time hes getting a lot of criticism. On the other side, joe biden has really struggled to project an image of leadership in this crisis. He did write an op ed way back in january, on january 27th, warning about coronavirus. He was quiet until he gave a speech on march 12th and then last week he started trying to do live updates from his basement that didnt really work very well. Meanwhile, meanwhile, another democrat, new York Governor Andrew Cuomo is out there on the front lines every day, giving updates. Hes actually in office and doing things to fight this disease and he is getting a lot of the attention on the democratic side. Maria hes getting a lot of attention which is why i think its going to be cuomo, trump come november. I dont know how you see it. But it certainly does look like at some point the democrats are going to look at joe biden and question whether or not hes going to sustain this until november. What do you think . Do you think it will be joe biden versus donald trump or andrew cuomo . I do. I think its going to be joe biden. Heres the thing. Weve already had 30 primaries and caucuses. More than 10 Million People have voted for joe biden. By the way, about seven andahalf Million People voted for bernie sanders. The fundamental principle underlying candidate Selection Process is the nominee should be selected by the voters and that would not happen if there were some sort of deal to make andrew cuomo the nominee. Remember, it takes 1991 delegates to win the democratic nomination. Joe biden already has 1215. Bernie sanders has 909. There arent enough left for another candidate to somehow break all the rules and come in. Maria thats a very important point that you make. Thanthank you for that. You want to get in a moment to dagen. Let me ask you about what nancy pelosi is doing right now. She is taking aim at President Trump, the House Speaker told cnn yesterday she blamed the president for allowing the Coronavirus Crisis to grow worse and she had quite the response from Lindsey Graham and Kevin Mccarthy on my program. Watch this. We should be taking every precaution. What the president his denial at the beginning was deadly. His delaying of getting equipment to where it continues, his delay in getting equipment to where its needed is deadly. As the president fiddles, people are dying and we have to we just have to take every precaution. Shes blaming the president of the United States for people dying because of the way hes led the country. Thats the most shameful, disgusting statement by any politician in modern history. Nancy is trying to cover herself and the Democratic Party because the amount of damage that they had just done in the last week. Maria well, byron, what do you make of this . Given the fact that it was pulling teeth getting the relief package done, initially she wanted things like funding for planned parenthood, solar panels, she did get 25 million going to the Kennedy Center in there. She did take her time about it. I mean, there were times when the senate was acting and remember, they were here in washington in session and the house was out of session and she did take her time. And in addition, there are other state and local officials in new york and elsewhere who are on tape at a time the crisis was worsening, telling everybody to maintain their normal activities. The point is, governments are often slow to react to new misunderstood threats like this. Nevertheless, as you just saw, they seem to be escalating the rhetoric a little bit yesterday on meet the press, chuck todd asked the Vice President does President Trump have blood on his hands in this. By the way, the Vice President said he thought that was going a little too far. But theres no doubt, the rhetoric is escalating now. Maria what kind of journalism is that, dagen, to ask your guest, does President Trump have blood on his hands . This from chuck todd. I mean, is that a leading question or what, and then even joe biden said no, thats going too far. Unbelievable. Dagen havent we come to expect that from some people in the media . Maria yeah, i guess so. Dagen im going to ask a question, so i get all the Media Attention from my fellow journalists many. Ive never kind of understood that circular logic. But its about being liked by people who go to the same cocktail parties back when we were allowed to socialize with people, which i never did. Nevertheless, byron, i want to ask you about President Trump, about him being his own worst enemy in some ways. Ill quote what ari fleischer, former White House Press secretary was talking about, he said its good the president is accessible to the media but the press conferences should go no longer than 30 minutes. When it goes this long, the press run out of science based questions and the president cant resist figuratively smacking them. Shorten these things, says ari fleischer. Do you agree with that. I do agree with that. I think editing the content of the briefings would be a good idea. On the other hand, when the president tweeted about his tv ratings yesterday and he got a lot of criticism, saying hes dwelling on ratings when people are dying, nonetheless, they are actually going up. His Approval Rating is going up. And remember, there have been people over the years who said, you know, if donald trump could just kind of round off some of the sharp edges just a little bit, he would be really fantastic. The president is what he is. And hes going to continue doing it the way he sees fit. Dagen spitballing and rambling they dont work quite as well in this environment, you would agree with that . Oh, yeah. Look, people are desperate for information and the worst thing about all of this is we dont fully understand, we dont understand the death rates, we dont fully understand the rate of contagion, we dont understand a lot of this stuff. So people are looking to leaders, people in official positions for that leadership and the longer you talk and especially if it turns into a political back and forth, that can kind of muddy the message. Maria it sure can. Thats what were watching. Were watching all this uncertainty certainly in markets. Byron, great to get your take on all of this. Thanks so much. Thank you maria. Maria byron york joining us there. We have a fox business alert. Johnson johnson announcing it as a Coronavirus Vaccine candidate to expand development of treatment for the disease. Its committing more than 1 billion to research and it hopes to initiate phase one human testing by september. It is also expanding its research into a treatment for covid19. Meanwhile, we want to take a short break and come back with looking at these markets and a lot more. Stay with us. Maria welcome back. Officials across the country imposing new fines for those flaunting orders put in place amid coronavirus. For example, in new jersey a man was arrested for holding an alleged corona party with 47 guests. Rhode island officials backed down from going doortodoor and finding new yorkers who fled to the state after Governor Andrew Cuomo threatened a lawsuit. Mayor bill de blasio said those who are caught breaking cosh distancing rules could be fined 500. Joining us now, judge Andrew Napolitano. Is this legal to institute fines if youre not following guidelines . Im sorry to say that none of it is legal. The government can in times of crisis use a bully pulpit. It can coerce, it can threatened. It can intimidate but it cant punish unless a statute has been enacted by the legislator and it provides for punishment. As well intended as governor murphy in new jersey or de blasio in new york may be to try to prevent people from gathering together and passing this awful disease between and among them themselves, they are without the authority to make that criminal. Under the system, the governor and mayor cant write the laws. Only the city council of new york or the legislatures of the respective states can. Now, what will happen. People will get a ticket. A ticket. Not arresting but like a traffic ticket. They will probably pay it. But if when this crisis is over of they challenge it, theyre going to get that money back because the courts are going to find that the legislature didnt write laws early enough, in fact, they havent written them yet as i speak in order to justify the criminal sanctions. Can the police walk into a gathering in central park and say get out of here . Yes, they can. That is the right thing to do. But if you dont get out of there, they cannot arrest you legally. And they cannot fine you. Maria because its not a law. They keep talking about it as guidelines. I think that the most intellectually honest person in all of this is Governor Cuomo who recognize ad that what governor romundo was attempting to do in rhode island, stopping all cars with new york plates, that violates the guarantee by the constitution. Going doortodoor, she knows when he threatened to sue her for that, the courts would stop her from doing that. Governor cuomo also knows that he is effectively using his bully pulpit but he cant use the threat of jail time or fines because the legislature hasnt given them that tool. Maria dagen. Dagen you could not hear me, but i was clapping when you were talking about what governor romondo who went to yale law school, by the way was doing in total violation of the u. S. Constitution. Governor cuomo called her out on it. Can you imagine just the National Guard going doortodoor, door knocks, going is there anyone in here from new york . How appalling that is and how that just goes against everything that we represent, goes against our constitution so she amended it after threat of lawsuit, amended it and said okay, anybody coming into the state must be under quarantine. Will be very interesting i did not hear you cough. Dagen i meant clapping. I was applauding you and your answer. Clapping, i thought you said coughing. God have mercy. Dagen yeah, judge. Thats what i was doing. Governor romondo will have to stop people from rhode island because she has to stop everybody or nobody and that is really absurd. The right to travel from one state to another is absolutely protected and unfettered. If youre a bank robber and theyre chasing you from one state to another, of course they can chase you and subdue you. Without evidence of criminal behavior on your part and traveling into rhode island is not a crime, there is absolutely no authority to stop you. The same is the case for florida. These cases are going to be filed if federal court today where governor de santis and i know where his heart is and he also was a lawyer, so he knows he cant do this, its going to stop all Motor Vehicles that have a new york, new jersey or connecticut license plate on them, as they cross from georgia into florida saying were not letting you in. That simply cannot be done without some evidence of crime on the part of the people coming into florida. Maria unbelievable. Judge, thank you for cleaning it all up for you. Good to see you. Judge Andrew Napolitano joining us there. Well take a break. When we come back, business is making big changes, what one brewery is doing to stay afloat. Back in a minute. When you own horses, you dont just own horses. You own a pasture. A barn. And hay. Lots of hay. You need a tractor built to get every job done right. The kubota l series tractors. These expect and way more. Internthats xfinity xfi. U get powerful wifi coverage that leaves no room behind with xfi pods. And now xfi advanced security is free with the xfi gateway, giving you an added layer of network protection, so every device thats connected is protected. Thats a 72 a year value. No one else offers this. Faster speed, coverage, and free advanced security at an unbeatable value with xfinity xfi. Can your internet do that . Maria welcome back. The coronavirus forcing businesses big and small to switch gears to try to stay afloat. With restaurants and bars across the country closed, many breweries are adapting a newer model, delivering beer directly to your door. Joining me right now is the president of ship bottom brewery, robert zarko. Thanks for being here. Youve been delivering beer since your new jersey restaurant and brewery closed. Hows it going . Its going well. Its actually better than i i was surprised how well its going. Its an option thats afforded to us in pennsylvania. Were a dual license in pennsylvania and also new jersey. Its something that was unexpected and its a different avenue kind of had a change with the times and see what kind of business we could get to stay alive out here. Maria so does this possibly change the way you operate in the future . Is delivery now something youll continue after this is gone . You know what . Its actually going really well. Its expanding the markets that we didnt have before and im surprised the acceptance of hiss from our fans and new fans. I think it is something we will continue to do after the crisis is over. Maria i know youve also been helping healthcare workers, donating cases of cold brew and cold brew coffee. Yeah, thats a project that were currently working on now with some of our business partners, wake coffee, lucky clover packaging and my tech printing where were supplying cold brew, brewing it at our facility, packaging it and start handing it out in cases to different healthcare organizations. Maria i love that youre doing that. Scott, jump in here. Yeah, hey, ro robert. Thanks for joining us. With respect to delivery, thats a great thing, obviously, were all doing it whether we like it or not. How are you guys i guess protecting the consumer with respect to delivery people, just to make sure that they dont have coronavirus . Thats been one thing thats come up with me and my group is it its great that were not leaving our homes, that means other people bringing stuff to our homes are out. What are you doing to hopefully prevent the delivery people from being sick or delivering things while theyre sick . What were basically doing is monitoring our Peoples Health at all times, taking temperatures. Throughout the packaging process, were wearing gloves, Wearing Masks and same goes to delivery where were constantly sanitizing. Its actually funny. Were actually sanitizing our gloves between uses. So we always have Hand Sanitizer with us. Its a contactless delivery. So everything takes place online on our website where theyre ordering. No cash is accepted. Basically contacting people after they place their orders, scheduling the deliveries, and then from there texting them or calling them when we arrive. You know, people come to their doors, we basically id them and then drop the beer on their porch or front of their doors so theres no contact whatsoever. Maria yeah. I was just going to say that. The task force tells us to drop it on the front of their door so that they can get and pick it up themselves so you are doing that. Robert, thank you, sir. Great to talk with you. Appreciate your time. Thanks for your time. Really appreciate it. Maria well be watching. Still ahead, keeping the faith, archbishop of new york cardinal Timothy Dolan is here with how the church is helping congregants in this trying time right here, mornings with maria. Stay with us. Straight line. And sometimes, you can find yourself heading in a new direction. But when youre with fidelity, a partner who makes sure every step is clear, theres nothing to stop you from moving forward. Your top stories just before 8 00 a. M. On the east coast, number of coronavirus cases in United States, increasing over 66 , since friday. President trump extending social distancing guidelines keeping businesses closed until end of april the president said he expects to country to be on the way to recovery, by june 1. This as doctor fauci warns we could see up to 200,000 deaths in the United States, some members of congress are working on another stimulus package days after the. 2 trilliondollar relief package signed by President Trump Kevin Mccarthy telling me a fourth package may not be needed more coming up this morning, markets this morning, are mixed take a look at futures indicating, a flat opening for broader averages dow industrials down 2 points s p futures up 8 nasdaq up 30 points as wild ride for stocks continues. Another roller coaster week last week on wall street where we saw dow industrials, go back into bull market territory, that is 20 move from highs to the lows with lows to highs posted best weekly gain since 1938 last week dow, nasdaq s p 500, up better than 9 last unique oil prices this morning, slid below 20 dollars a barrel pushed lower by eroding demand price war between russia and saudi arabia price of crude right now 20. 21 a barrel down 1. 30 Johnson Johnson announcing a lead vaccine candidate for covid19 a partnership with health and humanan services to supply over one billion vaccines across the globe stock up on news, coronavirus in new york rising over 52 since friday, the death toll topping 1,000 in new york, mayor bill de blasio says people who do not practice social distancing in the city can face fines up to 500 dollars. Want Million Dollars raised on fox next last night including fox business help of some biggest stars we tell you about it more helping to fine fight war on coronavirus muchneeded medical supplies, mornings with maria is live right now. Maria check Global Markets this morning has been a backandforth morning for u. S. Futures, european markets given up earlier gains then some, there are solidly negative european Union Leaders unable to take unified action to combat impact of coronavirus consumers across your zone suffering largest loss in a single month during march impact of virus grew indices in europe lower ft 100 down 54 cac quarante down 59 dax in germany lower by 289 red across the board in asia peoples bank of china takesings action cutting Interest Rates on loans to banks by 20 basis points that is largest cut in nearly 5 years inrejected 7 billion dollars in money markets yields 10year treasury lower again, the yield now sitting, at. 64 down 3. 6 base points two consecutive weeks of losses Dagen Mcdowell scott, Mitch Roschelle good morning. Good morning. Good morning. Maria a shock tore see Interest Rates where they are dagen still i mean just you know talking about this every day, but to see the 10year where it is, the low i think was. 54 basis points. Dagen it was, but, again, i kind of look at this, and think that they should maybe be a little bit lower, i was taking about earlier, about the how faraway we are from the widening of spreads that we saw during the 2008 financial crisis. 373 basis points where the spread on Investment Grade corporate debt are above this kind of riskfree treasury rate, they blew out to 618 during the financial crisis again that shows that there is a lot more downside, in p Investment Grade bonds here i think people need to Pay Attention to that because so goes bonds, so goes stocks so goes almost every asset clas cla class. Maria we saw tbills below zero, they are negative right now so this trend continues, certainly watching that, and most importantly impact, want to get latest on coronavirus, in United States, the total confirmed cases more than 143,000 accounting for 20 of the cases cross the world over 2500 americans died from this virus. President trump says social distancing is helping to curb the spread of the virus extendeding that social distancing guideline through end of april, april 30, president calling his previous he easter target aspirational. Therefore we will be extending our guidelines to april 30 to slow the spread. On tuesday we will be finalizing plans and providing a summary of our findings supporting data and strategies to the American People. Maria president also thanking American People for playing their role in social distancing, and predicting a date june 1 when we can hope to see economy begin to recovery white house experts warning u. S. Could see more than one million covid19 cases positives plooebl 100,000 to 200,000 deaths. Sect up a hospital in new york central park take a look at this. Later the u. S. Ns comfort to arrive to help overwhelmed hospitals in california sailors say borrowed usns comfort started treating first patients over the weekend. Extraordinary efforts cleanup is underway after Weekend Storms pushed tluf south homes businesses destroyed after a twister touched down in jonesboro, arkansas saturday night at least 22 people recovering. Right now support for the doctor in viral photo take a look at this you see him touching hands with his son through a glass door treats coronavirus patients, the tornado destroyed dr. s home gofundme page raising money for his family right now, military veterans stepping in to help communities hard hit by coronavirus warriors in southern georgia running a nonprofit food pantry the Group Estimates more than 2000 showed up yesterday in nearby alabama. Coronavirus fears impacting the markets futures indicating wild ride this morning we have been backandforth between positive and negative territory. Ment throughout the morning right now the dow futures down 40 points s p futures up 3 points, nasdaq futures up 20, this as j. P. Morgan strategies say markets have seen low points for recession so far that gripped economies across the world, kyle, great to talk you can with you thanks so much for being here. Thanks, maria great to be here. Maria i want to ask you about china certainly i know you have great knowledge experience let me get your take on markets, very, very uncertain given shutdown in economy how are you allocating capital these days. On the phone at some point in time i think you have to believe that we are going to reach peak infection we think that happens next few months not virologists, but given unprecedented level of stimulus by fed treasury, and congress, with their 2. 2 trilliondollar beginning, i think that will end up ballooning up to 5 or 6 trillion to plug the hole in our economy, i think, you have to start out creating capital will to companies that have strong Balance Sheets you think will come out on the other side of this in the United States. So you think the stimulus all of the stimulus being thrown whether federal government and three plans that most recent 2. 2 trillion relief plan as well as Central Bank Action you think this will work . On the phone i think that if you look at the sheer size of what theyve done the time in which they have been able to pull it off it is the largest in history of our country when you have a 23 trilliondollar economy like United States, being effectively turned off two or three months to be lynn a linear math you have to expand by five or six trillion by the time said and done what you have seen from jay Powell Mnuchin President Trump they are going to do whatever it takes to fill this hole. I am not a free money capitalist but i think this moment in time, sending checks to the people that are laid off, and getting the money in their hands every two weeks, is vital, keeping our country moving forward and not having social disruption i think leadership knows that i think we are going to get there. Maria well you know interesting, we are watching markets, but we are also getting lots of misinformation out of china questions remain over much information coming out of the country in regards to death toll number of people infected how much life is returning to normal i was reading your tweet ive got your tweet in front of me you say remember Chinese Military school in wuhan issued a lockdown notice january 2, 2020, that lockdown was issued a full 18 days before the Chinese Communist party admitted to this epidemic, amazing. We all know Chinese Government lies chooets steals its way through the world it is important to note that china as you know, how many people are there 1. 3 billion people if anyone believes their infection death toll is what they publiclished ive got a bridge to sell them, it is crazy to me for anyone to think china is being truthful in any communications bll weapons, focus whether you read war for biological dominance from 2010, publiclished by in china whether you read new highland of war it talks about biology between seven new do maipz for work this lab, 20 miles north of where this disease was either fumbled accidentally relief is literally in the center of china biological Weapons Program many senator cotton is right to at least question whether this is true we are never going to know whether true if they dont let our cdc scientists in, it is clear to me chinese are never going to let that happen. Maria they would not let cdc in there to investigate how this originated where this started severity in fact arkansas senator tom cot op joined me yesterday on sunday morning futures pointing out many things you are talking about listen to this watch. You raised questions whether or not in fact the pandemic is gone. In china, are they still lying. China says they have no more new cases no deaths, yet just closed all movie theatres nationwide a few days after having opened up mortuaries in wuhan they say only 2500 cases resulted in deaths single mortuary ordered more than 500 urns, look at facts to know Chinese Communist party still lying today as december and january why are what could have been a local Health Problem in wuhan turned into a Global Pandemic from which more than 2000 americans have now died. About unbelievable, so obviously, you agree with that you said that but this biological lab will we will never get to bottom of it earlier i asked agricultural secretary perdue why all of these diseases keep coming out of china, and another source of mine said china doesnt have a free press doesnt have a rule of law there is no mechanism to check what companies do as in a capitalist society so people cut corners get big egg; poisons baby powder there is also what you said a moment ago you think biochemicals are a key part of the military in china. On the phone yeah, i mean again if you read the books published by chinas military press, they you know, saying in 2017 in his book new highland of war argues modern Biotechnology Development gradually showing signs of capability including employing ethnic genetic attacks gets deeper everyone in United States gets genome sequence ends up using backbones afr Chinese Company to sequence their genes it is important to know we as country let so many National Security issues slip during idea of free globalization doing business with whoever, we think is the cheapest to source whether Prescription Drugs, whether genetic sequencing or anything that the United States says that we could deem a National Security problem weve not noticed it Silver Lining in this wuhan virus crisis is going to be a complete reassessment of strategic necessities of our country and bringing back these things like Prescription Drugs, api manufacturing, rethinking, what data we allow to go to our adversaries it is clear you mentioned china threatened to withhold Prescription Drug medication from United States, it is clear to me they are not our friends i dont know how much more data that we need to gather, to realize that they are restricted to adversaries soonest wall street figures that out we should stop funding Chinese Companies. Maria well that is the thing, in terms of the funding there are plans right now, to invest the the thrift fund 10 into msci index loaded with Companies Chinese companies building equipment, are being military equipment, that the chinese can use against america there is that question as well, about i brought this issue up many times, about the thrift fund, by the way, the 401 k money military past and present going to you the put 10 into the index. Think about this not only the military right it is everyone in congress it is everyone in military. It is then expands because many have just regular old blue collar americans that have 401 k s sending bloated to the timer in china sending u. S. Dollars to transact rest of the world they have a currency monopoly money no one will accept it the only way get dollars is to coerce index Companies Like msci into funneling capital into Chinese Companies. Here is another fun fact those Chinese Companies wont even submit themselves to cover audits as defined by our pcob, we gave them a pass in 2013 hoping they would open up hoping they would become more western and more democratized abject failure we need to stop this force Chinese Companies, companies from all over the world, to submit the same standards as u. S. Companies do or u. S. Money should not be able to invest there, it is i plain and simply if all we are going to do is level the playing field. Maria right, right now, there are companies that trade on new york stock exchange, Chinese Companies do not have to adhere by guidelines in terms of accounting American Companies do i hope investors when investing in those companies do so with eyes wideopen recognize what is going on, great to have you this morning thanks very much for laying it out for us we will see you soon a. Pleasure to be here, maria thank you. Five minute coronavirus testing Abbott Laboratories launching a new he rapid ted for covered 19 fda approved Company Plans to supply 50,000 tests today starting tomorrow last hour Johnson Johnson announced it has a lead candidate for a vaccine, joining me right now is Walker Digital chairman jaywalk jay walker you announced a partnership with hhs for the syringes can you characterize what were looking at in terms of treatment vaccine efforts around testing where we are in terms of progress jay. On the phone weve got full force of the federal government and Scientific Community looking for therapies vaens as favenes as fast as they can what we have experienced cant happen again when new treatments finally become available we are going to need tens of millions doses critical drugs to inject into sick about patients as you heard weigh cant rely on foreign sources to put drugs into small glass vials, ship to them by tens of millions the Administration White House get it came to us because we were dog Global Health using small medical grade placing containers mass scale that can be made by hundreds of millions, with snap and click needle hubs, about so you can fill this capacity on u. S. Soil exactly what government is going to do, they formed a Public Private partnership with us, so we can build manufacturing facilities by this summer to get first ones up and running so covid19 we will be able not to getting caught with critical shortage not able to inject drugs that is what it is all about, that is what has stepped up. Maria that is big story, of course, you he mentioned jeffries that is raising money for emergency drug packaging jeffries announced looepgd charge to raise a billion dollars to help fund the Public Private partnership distributevenes, i want one of your companies, part of this partnership that is developed small vials look good i like small about about plastic can be safely discarded right . Not only can they be safely discarded but a small chip goes for mobile phone we know exactly where and which each dose was given we have to give more than one in most cases, we are going to have to use Digital Technology combined with this, to make the whole thing work it takes both information and smart american packaging to make this thing fly. Maria how come we needed a crisis to indicate how severely we are relying on foreign actors for so many important products jay . We needed this crisis to wake everybody up that we should democrat have active ingredients proud in china for Prescription Drugs . Unfortunately in a democracy it often takes a crisis before lushl priority becomes short term true in pearl harbor in 9 11 we he focus on short term to detriment difficult to make money you you recall thely need put on long term projects with crisis nobody is better at america responding quickly at scale that is key you have got to make hundreds of millions quickly. Only this kind of technology can do it we will get it ready in time. Jay once again on frontlines innovation thank you, sir. Good to talk with you morning. Thank you for joining me. We will see you soon. Good to see you, too, maria byebye. Jay walker there archbishop of new york coming up next how church is helping people keep the faith in this uncertainty. Back in a moment. Boston light, americas oldest lighthouse, has stood strong through every dark hour and bright dawn our country has endured. It has seen the break in the clouds before anyone else. For the past 168 years, weve also stood by you, helping you weather storms like this one, to protect your loved ones. And well do it for 168 more. Helpinhas you covered withe fast, reliable internet. Finity with advanced security to help keep you secure online. And with the most tv shows, movies and streaming apps all in one place. With simple Digital Tools you can get the help you need or even trouble shoot your services on your own. Download the xfinity my account app or just say help into your xfinity voice remote. We are working to make things a little easier on everyone. Download the xfinity my account app today. Maria welcome back, keeping faith amid coronavirus, as pandemic spreads many are turning to only services while gathering put on hold, due to covid19, some Services Going against guidelines one Florida Church packed with worshippers shoulder to shoulder despite social distancing orders a sharp juxtaposition to blessing delivered by pope francis friday praying to empty st. Peters, as you can see, there, joining me archbishop of new york cardinal Timothy Dolan wonderful to have you this morning 44 how are you doing. Dhiefrngs fine being with you reminds me happen under arrest times usually together for l. Smith dinner in october thank you for invite. A time you think about all things we have done together that you do, on a normal occasion, and cant do those things anymore how has it being affected the church. You know, it there is some there is some negative effects and positive effects. Maria, thanks for asking, negative effects the people mistltoeingness community, connection, of the parishes churches miss sackments mass, the Positive Side we feel spell itly more connected than ever, the unity if faith bringing us together, the trust people are exhibiting, all through this this, of course, is a booster shot so there is positive, some negative. You know isolationism people alone you are arch archbishop of new york as easter approaches how do you encourage wore shippers to keep fate amid trying times in high holds holy days for jews as well. Right a challenge that you have with colleagues, my rabbi colleagues as well, we have been talking about it. You know, our sacred responsibility is to encourage people not only to keep the faith but pass it on, so many people are doing that, maria. I am thinking about neighbors about families about our you courageous medical personnel, even thinking about civic Business Leaders pitching in kind of exercising the values that their faith has given, i am grateful that weve tapped into the the field of communications that you are an expert in livestreaming, radio tv a tough way not best way to brag about ratings going up but my sunday mass, from st. Patricks cathedral daily mass is now hundreds of thousands of people tuning in even from around the country, even our parishes grateful to priests innovative in livestreaming masses people together the presence of jesus doesnt depend being together in certain spot he is with us all day always everywhere our people know that he is deep down in hearts and souls. Maria i am glad you mentioned your streaming because i watched you, the other sunday, and i just it really did warm my heart so Cardinal Dolan do you think streaming doing having people watch from far away places is going to continue . Is this something that you will keep going even after covid19 dies down. Yeah, we do it anyway the church has been always been big communications, trying to get through the word out for people that cannot be with us even in best of times, good communities cant come in synagogue they are house bound we have been pros at that has it accelerated one good thing more people tapping into livestreaming radio tv they are saying we appreciate that we are glad we got it we sure miss being in church on sunday. So i dont think it is too naive and i hear some of my colleagues ministry of other faiths say we might experience a spiritual revival when this is all over. That would be one positive are certainly the time cardinal good to talk with you this morning thanks very much. Keep in touch blessed who will holy week. Quick break former he obama senior Economic Advisor here on shifting labor trend, stay with us for that. Maria welcome back. Good monday morning i am maria bartiromo, monday, march 30 your top stories 8 32 a. M. East cases coronavirus rising across United States death toll topped 1,000, markets this morning searching for direction, as wild ride rolls on for stock prices take a look we are now at highs of the morning with dow futures up 123 points, nasdaq futures up 70 points s p futures up 21. We had seen a decline, of start of the program it has been, really a roller coaster on top of another roller coaster week on wall street last week we saw dow back into bull market territory posting largest weekly gain since 1938 dow, nasdaq s p 500 up better than 9 last week alone oil prices sliding, earlier overnight they broke 20 dollars a barrel, pushed lower by eroding demand price war between russia and saudi arabia right now oil at 20. 24 a barrel. Down 1. 27 Global Markets this morning like this, in europe we have red across the board, european Union Leaders unable to come together, and take unified action to combat the impact of the coronavirus, overnight in asia dax in germany positive up 28 points in germany check asian architects peoples bank of china action cutting Interest Rates on loans to banks 20 basis points largest cut in nearly 5 years inrejected 7 billion dollars in money markets. Markets down across the board in asia, meanwhile, israeli Prime Minister Benjamin Netanyahu entering selfquarantine. Cheryl . I breaking news in fox confirmed israeli Prime Minister Benjamin Netanyahu will quarantine himself one of his aides tested positive for covid19 netanyahus office saying in a statement that he has been tested, he is in staying in quarantine until results back or if cleared by Health Officials in his country. Looks like new date has been chosen for the rescheduled Tokyo Olympics games are going to kick off july 23rd, 2021 we got that confirmation this morning, this is exactly one year from when games were supposed to start would have been this summer, international Olympic Committee agreed to delay games last week after virus made it impossible for athletes to train many just not comfortable competing amid this pandemic, so many filing for unemployment benefits, kroger among several that are now hiring, are Supermarket Chain plans to hire 20,000 to keep up with demand for food and supplies, during the pandemic. Will kroger says this will take place next few weeks stock up almost 1 and half percent in premarket. From stage to living room touch oneofakind show to help support Coronavirus Charities will in evenf never anxiety anxiety. My baby. Mariah carey back up vocalists remotely singing with her hosts by elton john living room concert possible through fox iheart Radio Partnership raised more than a Million Dollars. Last night back to you. Maria i love it i i love they raised so much i was tweeting go donate throughout it was great. Thank you. Coronavirus coronavirus lead together Largest Labor shift since Second World War Airlines Hotels to Grocery Stores retailers health care growing amid pandemic as Companies Like amazon cvs kroger hiring more employees as demand for products increases as americans quarantine at home. Joining me austin, thanks for being here. Great to see you it has been a wild change in the labor market when you see the number of companies, forced to shut down, businesses, and then the others noted as essential items seeing a really big demand move what is your take what has taken place in terms of employment . Well, we still have yet to see the full impact of the virus but i think it is those two things, youve got a massive shutdown of the whole lot of things and then youve got a few sectors that are essential items where you have seen a strong rebound. And in the cities, for example, if you look at anything that is a Home Delivery type service they are trying to hire people. But there is no there is no sense in which those expanding sectors are close to the same size as stuff shutting down, the for the most part a hundred losses, and 10 gains kind of thing. Maria so do you think that all of the stimulus is going to work . In United States combination of liquidity injections fiscal stimulus according to Cornerstone Macro amounts to more than 20 gop, lots of talk about a possible phase four stimulus congress reportedly working on next phase of relief for American People i want your take on that listen to House Minority leader Kevin Mccarthy on sunday morning futures yesterday with me says that fourth package may not be necessary watch this. You said next two months secretary mnuchin said same thing 10 to 12 weeks, to address the dislocation just 10 to 12 weeks does that mean getting another stimulus a fourth package after next 10 to 12 weeks . I am not sure we need a fourth package, before we go to start drafting a fourth package, would i like these three packages we just put out what concerns me i listened to nancy pelosi talk about fourth package because she did not get any things she really wanted to change election law green new deal, make us way for planned parenthood expand what you are seeing for sanctuary city why this bill was held up for a week those are things that we stopped. Maria gentleman your reaction . Well, i guess my reaction first i hope he is right that the economy has come roaring back within 10 weeks. The thing is this wasnt, a traditional stimulus that is relief and rescue package by that. Maria for sure. We spent a lot of money but not going to lead people to go out take tax cut and spend it try to get ju. Ice the economy you in one important thing this is burning money to keep warm because heat went out. So, if we cant get control of the spread of the virus we will be back for what you want to call it fourth or second whatever we will be back again and again until we get control of that virus. I think in one that passed you know republicans are upset that nancy pelosi they say asked for things that they did not think should be in there. At the same time, there is 500 billion dollars that the republicans got for relief to Large Businesses, some which questionable about alikeability moment of crisis transparents and retailer specific provision would give a major tax cut to retailers, restaurants to expand their capacity. There is 170 billion dollars tax a direct for real estate tycoons, you should not evaluate if you are throwing people from the Burning Hotel window down into the pool to save lives it is you dont evaluate it like olympic diving contest you evaluate it did we get money out can we get money out as fast as possible to people keep food on table at a time when hopefully that is temporary shock that we dont have bankruptcies can get money out direct. Maria why it when is why it was questionable to send 25 Million Dollars to the Kennedy Center one of the things nancy pelosi wanted. I wasnt a fan of that i am not a fan of 500 billion dollars to Big Companies the way they did it. But to be fair Big Companies are the overall Parent Companies of businesses that have shut down, Dagen Mcdowell jump in here. Dagen it is dagen i still have a question for i i asked on twitter, are are march you never answered what would be equivalent economic event in u. S. History to what we are seeing roughly 450 billion dollars, that goes to quote Large Businesses, isnt that actually the backstop lending by Federal Reserve would be Exchange Stabilization fund in the treasury but that is in order to leverage, you know one dollar, in back one dollar, in the treasury goes to a 10 dollars in lending from the fed so that that is leverage to potentially 4 1 2 trillion dollars. Partly, and that we still have to see how that would be managed i am optimistic as you are describing use that money to get the fed to to focus on to lending of the facility, they need to be, hyper concerned about the governance of that, because if people get the sense that we just spent two trillion dollars and nothing happened, except big Companies Got money, a few people got small check, thank there will be problems the we need another round. Maria just to be clear i dont think the 2. 2 trillion dollars just so Big Companies could get money to be clear. I hope that is right, to pick out specific industries rather than general facilities i like Small Business provisions in it where you are 300 plus billion, that are supposed to go to anyone, all Small Business can apply not just choosing casinos. Let me bring in scott martin. I kind of i am with you kind of deemed this stimulus rescue package if you will the search for multiplier you are right this is just imBalance Sheets Revenue Streams is there a chance because looking for multiplier on dollars given government is ahead of this problem, better than in 2008 that the confidence lets see consumer comes back faster this time therefore does deliver that multiplier boost we are looking for in these dollars. I hope so right now i think possibly not because we have yet to see really the depth of the health part of this crisis i think think makes the virus different, where multiplier kind of jumped back at you we cant do anything until a handle on Public Health side now if we get if we get a handle on Public Health side, obviously, vaccine or treatment would be huge win, but even if we dont get that if we can control through social distancing, through other measures get the spread of the virus down or if we can get the testing up, if you look at a is mr. Like korea they have done so much testing they are not in lockdown their economies are not in lockdown only people that are he isolate are people who have the disease. And more confident that if you go outside you are not going to bump into somebody who has it i they dont know that because they have done so much test. All about that confidence for sure thank you so much we will check in again Austan Goolsbee joining us. Well be right back. I knew about the tremors. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Maria welcome back americans stay them Auto Industry ramping up house calls only services, a push, joining us Grady Trimble in illinois with more on that good morning to you. Reporter hey. Good morning maria they say you have to meet your customers where they are and during this time, of isolation less and less dealership more and more on phones computers dloirlz are adapt to go that, a necessary thing during this time because, about 30 customers delaying purchases because of covid19, 30 as well delaying repairs and services during this time. Each though the automakers have halted production dealerships are trying to sell cars adapted how they do business gm has a program called shop click drive for years expanding to dloirlz dealers a lot are financing the process except final signature in some cases even driving the cars to your house or going to your house, to pick your car up to bring it back to the dealership for service some of the things that dealerships across country are doing right now i want to talk about General Motors and ventilators there was frustration last week how many ventilators they wereproducing General Motors releasing photos retool to manage ventilators president says doing great after invokeing defense production act seems he is that issue last week is water under the bridge back here at this dealership, dealerships are really trying to keep things as normal, this one, for example, still trying to sell cars, and so far has only had to lay off one employee, out of more than 100, that work here that is a sign that still happening, even though they slowed down a little bit because of the coronavirus. So still making cars or just cars on the lot . Reporter it is cars on the lot and also cost automotive estimated beginning of march dealerships automakers had 0 days inventory still plenty to sell even though they are not making them he will. Understood, Grady Trimble joining are us this morning in illinois coming up, protecting Mental Health how to cope during stressful times, stay with us. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. To helcoronavirus intod your xfinity voice remote say to access Important Information and special reports from around the world. And to keep your kids learning at home, say education to discover learning collections for all ages from our partners at common sense media, curiosity stream, history vault, reading corner and many others. For more information on how you can stay connected, visit xfinity. Com prepare. Maria welcome back, coronavirus coronavirus Mental Health Many Americans not only combating the stress of the coronavirus itself but potential job losses decreased wages, shrinking investments, life as they know it turned upside down, joining us dr. Robi ludwig thanks for being here tell us more about stress from this outbreak how to fight it. Well listen people are fighting for their lives, they are concerned about tur finances this is virtually changed everything about peoples lives plus we dont have the comfort of being close to people physically where we can hug people kiss people, so we really are in a New Territory, a new world, and making everyone feel a little bit uncomfortable understandably so. Maria what can we do about it how do you cope . On the phone first thing is to accept that you are in New Territory it is okay to feel uncomfortable, define where you can take control of your life, the moment that you can create steps that you can take to create a new schedule, look for the opportunity we need to really create a Mental Fitness strategy take care of ourselves, eat right exercise, think about how you can use this time to work to your benefit. There are always opportunities even in challenging times, there are people using this time now, to create new work possibilities financial possibilities. The best thing that we can do is to stay emotionally connect to groups people who care about us seek advisers go to they were teletherapy people have options can work in their homes hold on to the hope. Do you think that there is a potential longterm impact of this the studies show that once life resumes back to normal. Most people are very resilient. They may see the world through a different construct, understandably so, because they have experienced some trauma but unless something horrific happens, the death of a close person, the death of a pet, deep financial ruin, most people come back and theyre very strong and they can go about life as normal. Maria all right. We will leave it there. Dr. Ludwig, great to have you on this morning. Thanks very much. Thank you. Maria we will see you soon. 30 minutes away from the opening bell. The volatility continues to grip wall street. We are looking at a pretty good rally at the start of trading this morning. Now, at the highs of the morning, up 210 points. Dagen, scott, mitch, quite the reversal of fortune this morning while we have been on the air. Mitch, you go. You havent talked enough. You know, im not too moved by what happens overnight when people are trading futures in their pajamas but i am focused on the latter part of this week when we have weekly jobless claims on thursday. Lets not lose sight of the fact that friday is jobs friday. I think the markets going to be hanging on all this week what happens with the jobs picture on the back half of this week. Maria yeah. And the president joined fox friends earlier and said the u. S. Should have enough equipment when the coronavirus cases peak. He also said he thinks the spike in cases will come around easter, scott. Yeah, which i think is really good news for the markets, too, to mitchs point. As soon as we get past that peak, thats when the markets are going to recover. I will tell you one thing. You reported great breaking news on jpmorgan sticking their neck out and calling for the bottom, but it does feel like the boat is getting overloaded to this bearish side. Everything i hear these days, even my own kind of private polls i take of people, everybody expects the markets to go down further. Just be careful of that consensus. Sometimes when the boats overloaded, thats when it doesnt happen. Maria well, the combination of liquidity injections and stimulus amounting to 20 of gdp, dagen. This better work. Yeah, that includes the trillions of dollars in lending and facilities put in place by the fed, what theyve done so far and what they will do in the future. But again, one of the issues is we just dont know what this looks like economically, not next week, not next month, not during the summer even. So youre looking into i think very early on, i used the word a abyss. Maybe that was a bit much and people have gotten on board with that. We will start in a matter of weeks talking about another stimulus package. I know the wall street journal reports steve moore floated the idea of a payroll tax holiday which was not included in the 2 trillion package, also more money to the states, adding to the 150 billion that was in the stimulus signed into law last friday, but in terms of what were all focusing on, and that is our health, and making sure that we recover as a nation from this virus and that we stop its spread, and just to share this with you, im doing a teleappointment this afternoon with my psychiatrist. I want people to know there is no shame in talking to somebody, there is no shame in seeking out help and you can do it really easily nowadays. I share that with everybody because im not ashamed of it. Im recovered from my moms death and im dealing with this like everybody. Maria thank you for sharing that, dagen. Thanks for a great show. Scott, mitch, dagen, good to see you. Have a good day. Seize the day, everybody. Join us tomorrow. Varney Company Begins right now. S stu, take it away. Stuart good morning, maria. Good morning, everyone. This is the beginning of a crucial week. Its the end of the month. It is the start of a new quarter. Decisions have to be made. Pay the rent, pay the mortgage, lay off employees. It is now crunch time for businesses. I should tell you in about 15 minutes, im going to ask treasury secretary Steven Mnuchin when Small Business owners can get their money and how they should apply for it. Thats about 15 minutes from now. Meanwhile, a dramatic statement from dr. Anthony fauci. There will be, he says, millions of cas