Transcripts For FBC Mornings With Maria Bartiromo 20240713

Indication of yesterdays rally. Dow futures up 121 points. Thats half 1 , s p futures up 13 and nasdaq up 24. Dow on track for worst quarter since 1987, s p 500 having worst quarter since 2008. Speaker nancy pelosi looking for a phase 4 coronavirus package calling for Infrastructure Spending now and more money sent directly to americans. Major retailers furloughing staff as Stores Remain closed, macys, stores, the gap, cutting payroll impacts hundreds of workers. Unemployment rate could top 32 . Mornings with maria live right now. We want to check Global Market this is morning. Last day of the First Quarter in europe, green across the board. Dax index in germany higher by 200 points. World Health Organization says there are signs the coronavirus may be approaching a peak in europe. In asia meanwhile markets were mixed, take a look at the numbers on asian markets, best performer there korea up better than 2 although japan was down 1 . China says factory activity is growing, purchasing Managers Index coming stronger than expected at 52. That does indicate expansion. Economists were expecting a contraction. In Hong Kong Retail sales took a record 44 dive in the month of february. Meanwhile lets Check Oil Prices rising from 18year low at President Trump spoke with russian president Vladimir Putin, agreed to have top Energy Officials to stabilize Energy Markets as well as drop in demand led to steep slide in prices. Up 122 a barrel. Checking Interest Rates, 10year treasury, yield having largest First Quarter decline since 2008 and on this the final day of the quarter down 3 basis points. 693 on the 10year. Global markets on track for worst quarter since 2008 in the financial crisis but markets closed on positive note yesterday as Companies Announced advancement in coronavirus testing. Johnson johnson made progress on vaccine for the virus. I will be talking with j j ceo at the 7 00 a. M. Hour. Joining the conversation fox business Dagen Mcdowell, Fox News Contributor scott martin and ubs wealth adviser allie mccarthy. Good to see everybody. Scott good morning. Dagen good morning. Maria it was the worst quarters on record for markets but do we have any indications of what the Second Quarter and the Third Quarter may mean for markets given contraction in the Second Quarter. Im not sure that we do yet. Weve had a few Companies Come forward with guidance and those companies have sort of used their experience in china and Southeast Asia to begin to forecast what the u. S. Looks like. I think thats part of the issue, the most convincing numbers that ive heard so far are valuations based off of last year. Those numbers are never as accurate or as interesting to the street as next year so i think thats part of whats surprising me about the rally that we seem to have turned optimistic from both fundamental analysis and technical perspective without necessarily having any data to price in that would support that. Maria the president says he will lay out decision to extend social distancing guidelines. We will see what the president says, but we are expecting data to come out today, right . Dagen right. The problem with companies forecasting china using to forecast the United States, the problem is that we arent fighting the way that china is. We cant trust the data out of china number 1, number 2, they can just shut down giant parts of the country and the communist country bears the losses. Its very different in the United States. Any data that we are looking at economically is juiceless quite frankly. We have the jobless data, the jobs numbers coming out on friday, Unemployment Rate, those surveys were taken during pay period that include the 12th day of the month. Thats march. New york has only been shut down completely a little more than a week, so this is rapidly changing. You mentioned the macys layoffs, the gap layoffs, the question that no one can answer right now is how many of these jobs will be destroyed permanently on the other side of this. How many of them will go away forever and no one frankly knows. Maria yeah, its a crossappeal unknown in terms of the jobless rates which is why youve got the dire prediction that is we could see Unemployment Rate of 32 . The president spoke at the white house yesterday. He says that the coronavirus guidelines could get tougher as the country combats the illness, watch this. The guidelines will be very much what they are or even tougher a little bit. They are having tremendous impact. Some parts of the country that are in far deeper trouble than others. There are other parts that frankly are not in trouble at all, hopefully we would be able to keep it that way by doing what we are doing. Maria yesterday, maryland, virginia and washington, d. C. Joined more than 30 states enacting stay at home orders. Mayor of washington, d. C. Going so far to threaten jail time and 5,000dollar fine if residents leave their home during the coronavirus outbreak. Scott, these are some serious guidelines here and they are being met with true accountability. Scott yeah, lets hope so, maria, some of the threats are certainly rather large, now whether they follow through with them, we will see. They said the same things in illinois. Ive been around the city a little bit for some necessities and with respect to enforcement, i i would like to see them step it up. I think a lot of the bigger cities need to be doing the same thing if we are all in the same page to fight the virus. Dagen maria maria go ahead. Dagen i was going to add one thing that this ultimately falls on the states and the governors to make decisions about that and look at florida and florida avoiding coronavirus lockdown and avoided imposing a statewide stay at home order focusing on the hardest hit counties and then trying to spare other counties. The wall street journal has written about this extensively but people can cross county lines, so is this the right strategy . Is really too soon to tell whether this is going to work or not. Maria yeah, thats the point bill joy made on this program last week along with steve bannon, along be bill atman, you cant close pockets of the country and leave others people because some people in those pockets of the country that are closed will go to open ones and then there you go, alli, points, thats a severe situation given the fact that its already quite severe with the large city shut down, but thats the feeling. Bill joy keeps writing about it every day that we are doing the wrong thing in terms of having some areas still open. Alli and i think that with, you know, one of the things again surprising me what we have seen in the markets, this sort of low volume is that a lot of the tensions are getting more significant and not less. The tension that youre alluding to between total shut down and humanitarian shutter in place please and the tension that we have that would solidify on sunday night economists and Public Health officials on the other hand and i think we are going to start to see the more represented in the market as we begin to see, for example, some really dire data that started coming out yesterday from the kansas fed and i think will continue this week with unemployment, et cetera. Dagen just one thing up to the governors really to manage the Public Health of their own states. The Supreme Court has ruled that way. The tenth amendment. The governors with that kind of power. I think you might get pushback from governors of certain states that are rural that dont have problem and so g en, thats an issue of federal power and deserves a legal discussion for people who are calling for a lockdown nationwide. Maria yeah, youre getting the pushback for sure. Maria latest on coronavirus and the numbers, more than 787,000 cases of covid19 confirmed across the world. Death toll at nearly 38,000 right now. Here at home there are more than 164,000 cases, over 3,000 deaths so far. That accounts for 8 of deaths worldwide. The white house announcing that 1 million americans have been tested for the coronavirus. President trump showed off a rapid test from avid laboratories that can give results in just 5 minutes. The company said it would launch the test next week in urgent care facilities. President trump is also calling for patients as hes extends social distancing guidelines for one more month. The guidelines as they are or toughen up a little bit. They are having tremendous impact and thats the key. Maria experts are warning that the next 30 days could dramatically change the virus outcome. Dr. Anthony fauci says we could have another wave of coronavirus outbreak this fall and added that it would be a totally different ball game because of the countrys ability to test for for the virus and antivirals. New york city epicenter of pandemic, much needed help, usns comfort arrived in new york harbor yesterday, serving noncoronavirus patients so hospitals can better help those with the illness. 1,000 beds, 80 intensive boards and 12 operating rooms on board. Hospitals at a breaking point. Many new yorkers broke social distancing to welcome the comfort. Bill de blasio warned those who do not follow the rules can face up to 500. More than 1300 people have died statewide from this virus. Ford and Ge Healthcare teaming up to make 50,000 ventilators in the next 10 days to treat covid19 patients. Gm is also helps production. Production will take place at plant in michigan starting april 20th. 15 hunt ventilators are expected by the end of april to meet critical shortage of devices. The ventilators will be made by 500 member it was United Auto Workers union. Theres a look at the stocks this morning and you can see they are up. We are just Getting Started this morning. A lot to come, coming up in 7 00 a. M. Hour north dakota senator cell phone cramer on coronavirus response. Ceo of Johnson Johnson is here on potential vaccine and plus 8 00 a. M. Hour join us with florida senator marco rubio this morning on chinas role in coronavirus outbreak. Equity strategist bob dole and member and chairman ken langone on response to the pandemic. All that coming up. Last day of trading today for First Quarter. We are looking at markets as stocks finish up. We are back at 2minutes time. Stay with us. Maria welcome back, market this is morning on upswing heading into the last trading day of the quarter. This morning and the month the dow futures are up 84 points as you can see s p futures up 8 and a half and the nasdaq up 58 as we close the books on what is expected to be historically a bad quarter but we know that it is among the worst, global stocks to log worst quarter since 2008 in the financial crisis as coronavirus pandemic sends markets sliding this quarter. Joining us now mahone Asset Management ken mahoney. Do you think theres any clarity for investors as they try to allocate money. We know that there was no clarity in First Quarter, no surprise that we are seeing as weak a quarter as it has been. Its more weakening data and thats what we are trying to figure out here between stimulus and which one will win. Federal reserve trying to push cushion here as well but the uncertainty is going to continue and its hard to believe its march 31st, maria, its been a long month. How does that play into your models in terms of markets and investing . Ken we believe theres a two testify tier markets, retailers, travel, you will get areas, oil, look, the leadership going into before coronavirus was that technology and now coming out of this with all the use of technology from zoom, Video Conferencing to cloud to everything else. I still think its going to come out of this. Its going to be really important to get through this year to have strong Balance Sheets and tune this in and right now we are trimming up positions, waiting and picking through and looking at technologies and try to stay away from all the other areas. Maria alli, what about that, how are you investing today given the fact that ken makes a great point, some of the Balance Sheets are very strong and yet they are throwing the baby out with the bath water and selling everything in some corners of the sectors . Alli yeah, a lot of that you see because 40 of buybacks happens through etfs, some are specific, for example, what has just been said to technology, but a lot of them are broad markets so theres a lot of throwing out the baby in the bath water but we still have risk on the u. S. , they are exactly in the sectors and in the companies that have fortress Balance Sheets that will be the winners Going Forward, high dividend payers, consumer goods focus and things that are focused on trends that we see in the future, all of the these kinds changing work from home, clean energy, age tech i think is going to be a big beneficiary of what we are seeing now but yet you have to stay strong and even though the market is being indiscriminate about what it buys and sells, our clients and our Portfolio Managers need to be very, very specific. Maria so ken, real quick, you said you were selling into some strength, does that mean youll be selling till the rest of the year here . Ken now you drive and you see 20 yards in front of you. Just go for single not try to be a hero here. Do quick flips when we have oversold selloffs and buy technology and sell into rallies and try to create and thats all we are going to do, singles here. Maria ken, thank you so much for weighing in, ken mahoney, retail reacting, macys and the gap taking drastic steps as they struggle amid the virus pandemic, thats coming up next. Stay with us. Maria welcome back. Furloughing workers. Macys, gap, kohls, l brands that own Victoria Secret and Parent Company of anne tailor. 47 Million People could lose their jobs. We are talking about this now with the panel and, dagen, i dont know, im looking at this list here and there are questions about whether or not some of these companies will make it through here. Do you think some of these companies some of the Companies May not come out of this. Dagen they may not. Restaurants, we talked about this yesterday have lost 25 billion in sales since march the first. 20 billion in Monthly Retail real estate loans that are due this week. 50,000 at least stores are being closed. But the bright side in 3 weeks literally the federal government has come in with 3 big, bigger, biggest stimulus packages and the Unemployment Benefits that have been extended to individuals are going to be critical in making sure that people, individuals get out on the other side of this with the extra money that they are getting every week, extra 600 a week for 4 months. Thats critical and then also one part thats overlooked. The Big Companies have the Federal Reserve helping with their new lending facilities but these Small Businesses, the sba loan program, 350 billion and 3 trilliondollar stimulus, you can go to your lender and apply for one of these. Its not just a loan, its a grant. So its a lot of good thats going onto make sure these businesses survive. Maria and Steven Mnuchin on the program last week told us that the lending facilities will be open this friday. Alli mccartney, how do you look at retail given the alli this is really evidencing the existing trends in the market and clearing away for that pattern to continue. The other thing i would say here to dagens point is. I think you have to understand the magnitude of what the federal and fiscal government has done. Just the one program that is not even been really talked about this morning yet or tapped the Emergency Stabilization Fund for the fed is, you know, 500 million itself and levered 5 to 10 times. We are talking about a fed rate that has the power to mobilize and close to a third of the u. S. Annual gdp, so there is money going into the system. The question is how long does it keep us afloat and what comes next. Maria yeah, we talked about that yesterday in terms of the relative size of the gdp. Its actually extraordinary the amount of stimulus. We will take a break, when we come back, yeah, coronavirus returning, the warning from americas leading doctor on covid19 battle. What we could expect in the fall. 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 good Tuesday Morning. March 31st, final day of First Quarter. Meanwhile markets this morning are extending yesterdays rally, we are looking at a firmer tone at the start of trading, well off of the highs in the morning and seeing selling into the rally right now. S p 500 just went negative, down half a point and dow jones up just 1 point and nasdaq up 25 points right now as volatile First Quarter comes to an end today. Dow on track for its worst quarter since 1987. It has been a rough one thats for sure. Lets check Global Markets this morning. In europe pretty firm, green across the board here although cac quarante in paris just turned negative. You have the ftse 100 up and dax index in germany higher by 56. The world Health Organization says that there are signs the coronavirus maybe approaching a peak in europe. In asia overnight markets were mixed. Take a look at the numbers. That indicates expansion, economists have been expecting a contraction. Meanwhile in Hong Kong Retail sales took a record 44 dive in the month of february. There are the numbers. Shanghai composite up a fraction and hang seng up almost 2 in hong kong. Congressman, former congressman mark meadows officially taking over as white house chief of staff today. Cheryl casone with the details, cheryl. Cheryl North Carolina congressman served in the house since 2013. Officially resigned from congress overnight. He called it the honor of his life. Well, steve took advantage thieves took advantage of painting, this happened early yesterday which was van gohns birthday. The final numbers are in, living room concert raise 8 million for coronavirus charities. Cheryl show was a collaboration between fox and iheart radio. Elton johnson performed from their homes. Back to you. Maria i love it, cheryl, thank you. Meanwhile the coronavirus pandemic, the number of deaths in the United States has approached 3200 this as the countrys top Infectious Disease experts dr. Anthony fauci anticipating that the outbreak expected in the fall. It would be a totally ball game. Theyll be several things that will be different. Our ability to go out and be able to test, identify isolate and Contact Trace with orders of magnitude better than what it was a months ago and in addition to Clinical Trials that are looking at a variety of therapeutic interventions, we hope one or more of them will be available. Maria joining us right now on the telephone white house senior adviser, dr. Mark. Thank you very much for being here. Does that mean that fewer people would get sick, we have a better opportunity to treat those people . Maria, good morning, thank you for having me on. I think all of the points are to be taken. When you have pandemics you generally see it come in waves. For example, when we had the h1n1 pandemic back in 2009 and 10 we saw that as well. Came in the spring and quieted down in the summer and came back in the fall as children were going back to school. Every week we have new developments and new vaccine trials under way and test people if they have the infections and we also antibodies and assess whether people have been affected and have immunity and how long does the immunity last. As people are becoming affected now hopefully they will become more immune and as we go to other ways, they wont be as affected as much. Maria yeah, we are talking about the fda breakthrough on treatment with hydroxychloroquine and chloroquine having been found around for decades but second usage for the coronavirus. Do you buy into that, do you think we are getting close in terms of treatment and the vaccine . Well, these medications have been used for years. Theyve been used to treat malaria, autoimmune disorders, they are being combined combinen antibiotic not for Bacterial Properties but antiimflammatory properties. Keep in mind that no drug is totally benign. There can be side effects. Some of the medications have been associated with cardiac aritmia. Maria let me ask you about what the president commented on yesterday in terms of masking the public. President trump weighed in on whether americans should be expected to wear masks all of the time . Watch this. Certainly something that we could discus. We are getting certainly the number of masks that you need and we want our country back. We are not going to be Wearing Masks forever but could be for a short period of time. Maria he says it could be a period of time because the cdc is giving recommendation that people wear masks while in public. What do you think, dr. Mark . Its a really good point and i saw the who comments and i also was in a call last night with physicians who were taking care of covid19 patients in taiwan. They were all wearing their masks and say they totally believe in the process and i think what we need to understand is that a mask may help you prevent the spread of products or droplets, so there may be some merit in individuals who are infected to definitely be wearing a mask if they are around people but there might be something about the point of wearing a mask so that we dont spread the virus to other, may not protect you from getting that per se but may prevent you from sharing droplets. It can be just from speaking. There may be something and i certainly would entertain that. Maria dr. Mark, let me ask you to assess the hospital system. New York Governor Andrew Cuomo making a powerful plea. 1 million additional healthcare workers are need today tackle the crisis, watch this. Please come help us in new york now. We need relief. We need relief for nurses who are working 12hour shifts, one after the other, one after the other. We need relief for doctors. Maria you know, this is why we have the usns comfort here because hospitals are being overrun by coronavirus patients so they are pushing other things to the comfort. I mean, i had reported last week that one source told me that we were just hours away from no more beds, no more ventilators because hospitals couldnt even take on heart attack patients, stroke victims because they were overrun by coronavirus patients. Dr. Mark, how do you see the hospitals today . Every day youre going to have a different situation. Lets go back to just dental healthcare. We know that there are issues across the country with access in many communities. Now you have individuals who are developing coronavirus need hospitalization but you still have people coming in with heart attacks, strokes and fractures and other traumas and in many cases quickly reach capacity where you run out of supplies, run out of ventilators and take care of your patients. I know that many of my colleagues i went to medical school in new york and many of my colleagues are at their breaking point and they are working and putting their lives on the line. This is not to say that one moment in time, this is a continuous process and we have to look at how do we provide that and how do we protect them. A lot of colleagues are getting infected. They are wearing ppe continuously that theyve had on for days. I know we are addressing this but these are issues that we have to confront not only in new york but all across the United States. The issue that you brought up about physicians coming back, we have been working on programs for 20 years and what we need to know is whether positions and nurses coming back in as youve been retired, you may have maintained and are you confident, so i think there has to be some form of program, some form program even if its very, very short and gets them back into the field. Nyu is trying to do that and i hope other hospitals across the nation are trying to do that so we protect people coming and they receive appropriate training. Maria we are grateful for all of them dr. Saralyn mark, thank you for what you do and big grateful thank you for professionals out there. Appreciate your time this morning. Coming up the militarys first to individual 19 casualty covid 19 casualty. General jack keane is here. 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, the department of defense announcing first coronavirus related death of u. S. Service member, National Guardsman who had been hospitalized since march 21st died from complications on saturday. Joining me right now fox news strategic analyst retired four star general jack keane. General, condolences to everybody in the military. Thank you for joining me this morning, how can the military balance the health of americans and the health of military in the face of all of this . Jack condolences to the captains family and owl of his friends certainly. Yeah, this is a policy discussion thats taken place as you and i are speaking, maria. The policy initially from the department of defense was to balance, preserving the health of the force against maintaining the readiness of a force and be ready in case conflict breaks out. I think the policy will quite understandably shift and waited for towards preserving the health of the force and accept some at least some temporary risks to reduction in readiness which in my view is quite acceptable and what am i talking about here . We could send out less ships. 90 ships out every single day. A third of the force. We could cut back on the numbers of those ships and we could also say that if we can begin it now if a ship is going to be replaced by another one, lets test everybody that goes on becomes a member of the crew and the crew sails 100 tested negative for cv19 and maintain at sea. The basic training that the marine corps is shutting down i think is inevitable that the department of defense will shut it down. Its the most intense Group Activity that we have and its inevitable that training and the bases that they are on will have spread within the base itself and the infection rate in the military as of right now is a little higher than the National Average but their fatality rate would be considerably lower because of the health of the force, maria. Maria you know, its unbelievable when you look at the sight in new york city, general, what a sight to see as the usns comfort arrived in new york. Youve got a navy ship outfitted with 1,000 hospital beds pulling into new york harbor, the javits, tell me what they are looking for, how quickly they could be set up in all of this when you look at the comfort specifically . Well, they are open for business today, so they are ready to go. The Javits Center as well which has close to 3,000 beds on it. As weve heard general who is the general in charge of the army corps of engineers is looking at close to 100 different sites across america. Obviously tie today urban centers where the outbreak is more significant, fema gives them the guidance as to where the priorities are. Here looking at the Mccormick Center in chicago and thats going to be in excess of 3,000 beds and that will be focused on covid19 patients. Hes looking at the football stadium in seattle and other places like that to include hotel rooms and dormitories. The issue is not he can do that in 4 days which he did at the Javits Center and possibly larger if thats a larger facility. I think the issue will be the staffing for all of the facilities. Where are the doctors and nurses going to come from to do that . The military is asking for their medical people who have retired to come back on active duty, thousands of volunteers to do that. Also the president has authorized up to a million man callup of the individual ready reserves and selected reserve and theyll be screening people who have medical backgrounds to assist in all of this. We certainly cant take doctors out of existing facilities and put them in the new medical facilities. That doesnt make any sense. We will have to find additional staff. That would be the critical point i think not the facilities. Maria it is so extraordinary. I mean, the president said this is war, this certainly feels like a war response, general. It is good to get you insight this morning. Thank you so much for being here. Jack good talking to you, maria. Maria general jack keane, Dagen Mcdowell in new york, the pictures are unbelievable. The navy ship, 1,000 hospital beds pulling into the new york harbor, dagen, tents in new york city central park, the Javits Center, this is really like a warlike response. Dagen im going to choke a good cry right now because i went back home to walk myto loot window and i saw the usns comfort sailing up the hudson river and it literally took my and its just astonishing with Billy Grahams Organization Setting up tents in central park this is just symbols of the nations coming together because, again, what new york does in fighting this disease other states and communities will need to use our template and learn from what we did wrong as a state and learn from what we did right, so just thank you to everybody who is in service. Maria i knew you would have the same emotion emotional response that i did when i saw that yesterday too. Its just extraordinary. Dagen i literally looked out at my window and just went like that. I couldnt even breathe. Maria exactly. It was. And it is, we will be right back apps are used everywhere. Except work. 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 woi felt completely helpless. Hed online. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. Maria welcome back, getting information that you can trust is crucial especially during global track confirmed cases of covid19. That can be accessed on its app for free. The company launching a new online interactive dashboard on weather. Com with details. Joining us right now the ceo of ib, in the Weather Channel, cameron clayton. Thank you for joining us. Big fan of watson. I know the capabilities. Can you tell us about the app . Absolutely. Thanks for having me. At ibm and the Weather Channel we try to make the invisible visible and thats the purpose of this with covid19 being the invisible virus, we are trying to make it something that you can see, make it look and from a trusted data source. So much confusion out in the marketplace across america and across the world of the virus and so we worked with the who, the cdc, state government, local county governments to be able to surface data, exactly what is happening in your community and bringing that to life in a visual way like we tell the stories of the atmosphere with weather, telling the stories through data of covid19. Maria so these are ai tools behind the app and online site. Tell us what the ai is telling you and what kind of data is helpful to people who want to go to this app and use the app . I think people are sending to their friends and family around the world and around the country. We have seen over 20 Million People come and use the products last week when it launched and its really driven as you mentioned by watson and ai. We wouldnt be able to build this product without ai. It would have taken months and months to do it with humans going to every single county website multiple times a day. Watson was able to go out and collect from local websites all the different data sets that we are collecting, so, you know, we are collecting how many people have tested positive. We are starting to collect hospitalizations and we are starting to collect testing data and showing fatalities and showing the trends of day over day so you can see whats happening in manhattan versus the bronx, versus queens. Maria that is excellent. Cameron, we will check out that app. Obviously knowledge is power. Cameron clayton, thank you. We will be right back. Maria welcome back. Good Tuesday Morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is tuesday, march 31st. The last day of the First Quarter. Your top stories right now, 7 0. The coronavirus is spreading at an alarming rate in the country. President trump says the guidelines may be needed to be toughened up as more states issue stay at home orders. Dr. Anthony fauci is warning we could see a return of this virus in the fall. New York Governor Andrew Cuomo is making a desperate plea for doctors and nurse as the confirmed number of cases in the empire state tops 67,000 right now. That accounts for more than 40 of all cases in the country today. Markets this morning are searching for direction after yesterdays rally in stocks. Take a look at where we stand. Were expecting a mixed open this morning with the dow industrials up just 2 points, the s p 500 negative, down two andahalf and the nasdaq up 20 points, as a volatile First Quarter finally comes to an end. Sold to you on the First Quarter, the dow on track for the worst quarter since 1987. The s p 500 having the worst quarter since 2008. Speaker nancy pelosi is looking towards a phase four coronavirus package. Shes calling for Infrastructure Spending and more money sent directly to americans. And everybody on capitol hill not everybody on capitol hill sees a need for that just yet. Major retailers furloughing staff as Stores Remain close. Macys, kohls, the gap, cutting payroll, impacting hundreds of thousands of workers. The st. Louis Federal Reserve is warning that the Unemployment Rate could top 32 . Mornings with maria is live right now. And we want to check Global Markets this morning. Europeuropean indices are lookit a positive tone. The cac in paris is now negative. Take a look, the fq100 in the u. K. Un43, cac down 17, dax higher by 49. The world Health Organization this morning is saying that there are signs that the coronavirus may be approaching a peak in europe right now. In asia overnight markets were mixed. We did have Economic Data out of china. China says factory activity is growing once again. Its purchasing Managers Index for the month of march came in stronger than expected at a level of 52, that indicates expansion. Economists had been expecting a contraction. In Hong Kong Retail sales took a dive, down a record 44 in the month of february. Meanwhile, oil prices a big story here. Rising off of an 18year low. Look at the price of oil today. 21. 54 a barrel. President trump spoke with russian president Vladimir Putin yesterday. They agreed to have their top Energy Officials discuss stabilizing the oil market as the price war between saudi arabia and russia as well as a drop in demand has led to a steep slide in prices, this is not good for the shale operators. Interest rates this morning look like this, the yelled on the 10 year treasury, the yield having its largest First Quarter decline since 2008, it is currently sitting at 0. 692 , that is down 3 basis points. Joining the conversation this morning, Dagen Mcdowell, scott martin and allie mccartney. Were looking at a little bit of a bounce but a lot of uncertainty with the coronavirus cases continuing to worsen. Dagen ill point something out that is a little bit of good news that Companies Including oracle and nike have been borrowing record amounts of money in the Investment Grade bond market and people have been stepping up to meet the borrowing needs. One reason, the Federal Reserve is backstopping the Investment Grade Corporate Bond market in two ways. The fact that these large corporations are able to borrow is healthy, is a positive sign and also of course youve got 350 billion thats at the ready later this week for Small Businesses across the country for them to step up and those loans will be turned into grants and then the Federal Reserve expected to step in with something for medium size business was this 450 billion Federal Reserve backstop, i mean treasury backstop. Maria you know, this oil shock could not have come at a worse team. I want to get to the coronavirus cases. In a moment, allie, ive got to ask your opinion on how the drop in oil really worsens things here. But first, now to the coronavirus cases. More than 787,000 cases of keane covid19 have been confirmed around the world. The death toll nearly 38,000 right now. In the United States, there are more than 164,000 cases, more than 3,000 deaths so far. The u. S. Is accounting for 8 of deaths worldwide. The white house announcing that 1 million americans have now been tested for the coronavirus. President trump showed off a rapid test from Abbott Laboratories yesterday. It can give results in just five minutes. The company says it will launch that test next week in certain urgent care facilities. President trump is also calling for patients and patience and resolve as he extends social distancing guidelines by at least one more month. The guidelines will be very much as they are, maybe even toughened up a little bit. But theyre having a big impact. Theyre having a tremendous impact and were starting to see it and thats the key. Maria experts are warning that the next 30 days could dramatically change the virus outcome. Dr. Anthony fauci says we could have another wave of the coronavirus outbreak this fall but he also added that it would be a totally different ballgame because of the countrys ability to test for the virus and antiviral thats will likely be on the market by that time. More states have issued a stay at home order to help prevent the spread of coronavirus. Arizona, maryland, virginia, all among the latest to join the growing list of stay at home orders. The mayor of washington, d. C. Also following suit. Lawmakers in maryland and washington, d. C. Say those who violate the order could face jail time. More than three quarters of the u. S. Population is now being ordered to remain indoors. We are being told to constantly stay six feet apart from one another. One expert says thats not enough. A researcher at the Massachusetts Institute of Technology Says droplets carrying the coronavirus can actually travel up to 27 feet. She warns that the cdc and the who need to revise the guidelines especially when it comes to protective equipment for healthcare workers. Which of course are in such supply right now, short supply. A powerful message to healthcare workers. It lit up the new york skyline last night. The iconic Empire State Building debuted new spinning red and white lights, similar Emergency Vehicle sirens, the famous sky skyscraper says it represents americas heartbeat and is a reminder that the city is in the middle of an emergency. A warm thank you to all healthcare workers across the world today. Americans hit by the economic fallout of covid19 will start seeing stimulus checks from the government in about three weeks. The money will be directly deposited in Bank Accounts of most taxpayers. People will have to file a simple return to get their check, qualified taxpayers will receive up to 1,200 per person. Relief on the way for millions of americans certainly awaiting direct deposits and the fallout of covid19, the stimulus checks expected to hit Bank Accounts in midapril, just in time with bills piling up. Nancy pelosi says more help is soon on the way on top of that. The fourth bill would be about recovery. Recovery would include in it some of the emergency and mitigation factors but it would also be about where we go from here. There are infrastructure needs that our country had that directly relate to how we are proceeding with the coronavirus. Maria joining me right now is north dakota senator and member of the Armed Services and budget committees, kevin kramer. Good to have you. Thanks very much for joining us this morning. My pleasure. Thanks for having me. Maria do you think we need a fourth stimulus or relief package . Well, i think we do need some sort of a package after all of this. Whether its directly tied to coronavirus or not, what we really need is to get on with business as usual. I think the speakers right that infrastructure would be a good place to start because thats something that is the responsibility of the federal government to begin with. We have a very good highway bill thats passed out of the environment and public works committee, 270 so weve got a good start on that. In terms of the recovery, yeah, i think there might be some things we need to do. What i dont want to do is get ahead of our skis and start making massive policy changes that reflect political extremes. Lets stay about the business of running our country. Maria well, the president wanted to buy more oil for the extrStrategic Fund. I have to ask you about oil, given your state is a big producer, oil coming off an 18 year low. President trump spoke with russian president Vladimir Putin yesterday and they agreed to Work Together to combat the Energy Industry crisis and this seriously is a crisis. Can you assess this for us . How bad are things now with oil prices at 21. 52 . Well, theyre very bad, maria. I mean, the day that Vladimir Putin and nbs, the crown prince of saudi arabia decided to oversupply an already oversupplied glut, frankly, at the same time that were seeing this incredible drop in demand globally, oil was 42 a barrel which is not a high price. In fact, its kind of below what we need it to be to have the stabilizing supply, demand and prices that i think the globe needs so now its 20 less than that. Well below the cost of producing it in the United States. And you might recall that even during the obama more tepid recovery, economic recovery, all of the job numbers that were net gains could be attributed to the oil and gas industry and the revolution of the shale plays. So we need to have a balance, everybody likes cheap gasoline and cheap jet fuel but it doesnt do much good if you have an economy that doesnt provide the opportunity for going anywhere. So its a big problem. Im encouraged that the president s reaching out. Maria yeah, hes reaching out but the congress stopped him, right. Nancy pelosi said no to buying more Strategic Oil for the Strategic Fund and that was ultimately not put in that relief bill. Let me ask you, you just mentioned i mean, the Shale Companies are counting on a certain price. What price were they modeling their business at . And how many Shale Companies do you expect to go bankrupt, not being able to come out of this because obviously russia wants to put these companies out of business. Thats why they created this price war in the middle of a pandemic in the United States. Well, youre right about what russias doing and theres no disguising it. I think that we have two leaders who are at odds with each other but theyre killing each other, quite honestly in the process. Theyre really demonstrating their desire to take over again, global supply. What shale producer needs, it depends on where they are and how big they are. You talked about how many will go bankrupt. Certainly smaller ones are probably going to. More importantly, that begins in the supply chain and the value chain. They get squeezed first which are the Smaller Companies and then youre left with just the producer and many of those certainly wont make it at these prices. You know, 42 they were already being squeezed pretty tight in the bac bakken in north dakota. I like to see oil at 60 a little better. Provides enough of a price to continue the revolution. Maria senator, thank you. Thanks very much for your insights this morning. This is an important topic and we certainly will stay on it. The price of oil up 7 . I talked to the president last night about it. Maria did you. And what did he say . Well, he was encouraged. I was encouraged by his discussion with Vladimir Putin and the fact he reached out to nbs. I think we need tough diplomacy. I said i cant have us protecting saudi arabias oil assets while they have declared war on my oil assets in the country. Im encouraged. Hes very engaged now and wants to see a more balanced approach to it all. Maria well, good for you. I know as those companies go bankrupt, because they cant handle this low price, so goes the jobs. And i know the president understands that quite clearly. Senator, well be watching your efforts. Thank you, sir. Thank you. Maria senator kevin kramer there. Coming up this morning, a lot coming up. Johnson and johns cesons ceo s here. The ceo of land o lakes, beth ford on food supply chains. At 8 00 a. M. , join us for marco ruirubio and well speak with bb dahl on markets and ken laingone on the Healthcare Systems response to the pandemic. Dont miss a moment of it. Well be right back. All this grass. All this mulch. All these projects to do. You need a tractor that can do it all right. You need the 1 selling subcompact tractor in the u. S. The versatile kubota bx series. Weve worked to provide you with the financial strength, stability, and online tools you need. And now its no different. Because helping you through this crisis is what were made for. 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. A partner who makes sure every step is clear, 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. Maria welcome back. Global markets are on track for their worst quarter since the 2008 financial crisis. The First Quarter ends today, markets closed trading yesterday positive but we are still looking at a rough three month period. Companies announcing ad advancements in coronavirus testing certainly. Joining us now is sean ohara to talk about the impacts on markets. Thanks very much for being here. What do you make of the markets so far and whether or not were going to get clarity going into the rest of the year on earnings. How do you see markets today after all the volatility . Good morning, maria. Thank you for having me on. I still think the story is yet to be written. I mean, we sort of have bounced really heart off of hard off of the low so far. At the current level looks to me like were discounting what we thought was going to be this years earnings from 20 times to 16 times. I fully expect there to be more volatility as this thing continues to drag on and as we sort of have news dribble out about what parts of the economy are being impacted the hardest. So in the short run, im a little bit cautious. In the long run, on the other side of the table, there are tremendous buys out there right now if your time horizon is long enough. In the interim, i think were going to continue to be spits and starts, sort of like when we had the trade issues going on, we would get good news one day, bad news the next day and the market would react. Back then it was 1 today. Now its like 3 to 5 to 10 a day on either side of it and so i think as long as investors understand thats where we are in the cycle, until we can get some clarity, i think theyll react accordingly. Maria i can understand. Scott martin, jump in. Yeah, sean, you mentioned the bounce. Talk about the selloff and the big volume and some of the etfs, have you seen similar buying interest as far as big volume on the way back up in the some of the etfs that were getting crushed. I dont get the data realtime. I watch it a little bit. I think there have been big outflows from traditional large cap etfs, and people start to worry about the credit side of the equation which not really a lot of folks have paid attention to. Were all watching the equity markets. The thing that scares me is the potential downgrade takes will come on the fixed income side. It looks like the tech stuff is continuing to get flows and pacer etfs we continue to get flows mostly into the stuff that has some Risk Management on the down side or that is check related. Although our check related stuff is not traditional tech. Its the infrastructure, real estate that supports tech like the servers, the data centers, cell phone Tower Companies and Big Industries Distribution Centers and as we get past this, i think some of the aspects of what were going through are going to be longterm. I think were going to have social distanceing in a bigger way Going Forward. I think its going to accelerate the ecommerce part of the overall economy. Nobodys going to want to go to the Grocery Store and get scowled as because youre too close to the avocados and have them give you the evil eye. If you can stay home and order your stuff i think that will be a big longterm trend that will continue. Maria yeah, this will certainly have longterm impact. I agree with that sean, its good to see you this morning. Thanks so much. Thank you, marie y hope youre safe and sound. Maria and to you. Thank you. Sean ohara joining us there. Coming up, defeating the coronavirus, Johnson Johnsons ceo alex gorsky is with us next on the companys potential vaccine breakthrough and when it might come to market. Stay with us. Awesome internet. 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. The race for a vaccine, Johnson Johnson is one of several Companies Developing a potential coronavirus vaccine. The drug maker announcing it has a candidate to test the treatment with a high degree of probability of being successful against covid19. Joining me right now on the telephone is the chairman and ceo of Johnson Johnson. Alex gorsky. Alex, its great to have you this morning. Thanks so much for being here. Thank you very much for having me on this morning and really thanks to all your other guests and your colleagues to really keep everyone in america informed about this fastmoving pandemic. Maria well, i want to thank you and all of your colleagues at j j for all of the work that youve been doing. I want to obviously ask you about the vaccine but it goes beyond that with all of the products that you produce every day that has been helping america and the world. But talk to us about the vaccine first. You said the company if it works it could be available for emergency use early next year . Yes, look, we were really pleased to announce some of the progress that we made, recognizing that weve got a lot more work to do about our lead vaccine in the covid19 program. Now, its important to know, maria, that this would ordinarily take up to about five years. But as we all know, these are very different times and weve got a team of scientists that literally have been working around the clock since january who identified this approach and weve got good early data, again, that needs to be validated. We expect to be in humans by about september, in september of this year and we expect to have Additional Information by the end of this year or early january at the latest that should help us determine whether or not this can be effective. But again, the early testing that weve done on this is quite encouraging. We entered into a landmark billion Dollar Partnership with a Biomedical Advanced Research and development association, an Agency Within the government thats really responsible for vaccines, the pandemic and so we feel a partnership with them is going to allow us to accelerate the program and the other partst thats really important is as were testing this vaccine were also going to ramp up our production and the capacity in realtime because not only do you need a safe and effective vaccine but you need to have enough quantity of the vaccine to actually make a difference. And we expect that by early 2001 well be in a position where we could have hundreds of millions and by the end of next year to have nearly a billion doses available and thats going to be done in the United States, a new manufacturing facility as well as Global Production as well outside the United States. So were excited about it. We know that we still have a lot of work to do but we think it represents an important step forward against stopping this virus. Maria what do you need to see . Because i think you make a really good point in terms of the distribution. I mean, there are doctors that ive spoken with in the last couple of weeks who say, yeah, were hearing a lot of optimism in terms of the pharma sector but we want to try it, we feel we cant get that distributed. Are there things that need to happen from your stand. , whether its government getting rid of red tape or other things that could be done to get those products, get the drug in thans of doctors so they could in fact try it in a trial way . Look, were seeing actually tremendous partnership with the government, with hhs, with fda, with agents that work specifically on vaccine as well as organizations outside our country and its a number of different fronts. Look, near term, maria, whats going to make the biggest difference are the things were doing now, about making sure we keep social distancing, we try to stop that virus in the first place. The great work thats being done by the hospital heros, the nurses, the physicians in the hospital. And, look i theyre trying a number of different combinations right now given the situation that theyre in. But as some of your guests mentioned earlier, i think what im encouraged about are also the number of new approaches, whether its antivirals to try to stop this virus from replicating, some of the other immune modulating agents where we either try to turn your immune system up to fight this virus or in some cases we try to turn it down to stop it from overresponding. There are literally dozens of new approaches that are being studied realtime right now and i must say in our work with the fda, theyve been very encouraging for us to look through our library of compounds, to try to get into the clinic as soon as possible. But im encouraged that in the coming months were getting to see one of these work and thats of course important for what we could see in the fall and later and then assuming we can have the positive results that were expecting to see with our vaccine in early 2021, it would give us a very comprehensive approach to fighting this disease. Maria and youre using the same technology that j j used in terms of fighting ebola which there too you had real success. Youve been investing billions in antivirals and vaccines now for 20 years. Putting the vaccine aside, in terms of antivirals, the therapies that youre expecting on the market to actually treat covid19, sooner than when a vaccine gets on the market, where are you on that . I mean, do you expect antiviral treatments on the market within the month . Well, look, as i said earlier, theres a number of companies that are participating in this quest. And we are also doing that. Were looking at our library realtime. Weve identified a couple of approaches and were working with physicians, with other with the government right now to try and do everything we can to accelerate that. But whats really important in this case is that we develop the data so we ensure that we having thats safe and effective. I know and im confident based on the number of compounds we have out there, when i say we, the industry, that one of these or some combination thereof will show some promise, likely in the coming weeks and months. Maria and alex, before you go, i know that theres been a newfound partnership now as a result of this between business and the white house and its great to see all hands on deck right here. Do you agree with these guidelines that i mean, the economy should pretty much be shut down in all of this . You know there are questions out there that is the cure worse than the actual virus. Right. Well, maria maria as a business guy, alex. Right. I think its going to take a combination of approaches and clearly our focus at Johnson Johnson is how do we stop this biology. Thats what we can bring the most expertise. But i also know as a business person that weve got to do it in a way that allows different businesses, allows different states to handle this situation as they see fit. One thing that i learned in business is that if you try to take a one size fits all approach, you lose that proximity to your customer. At the same time, there are certain areas where you absolutely need to make a directive from the top to ensure that something gets done all the way through an organization. I think having that right balance is going to be critical for to us get through this in the way that we should. Maria well, youre right. This is a very, very serious situation and a very dangerous Infectious Disease. Alex gorsky, thanks very much for your help and thanks for joining me this morning. Maria, thank you very much. Maria see you soon. Alex gorsky, chairman and ceo of Johnson Johnson. Well be right back. Maria welcome back. Good Tuesday Morning, everybody. Thanks so much for joining us. Im maria bartiromo. It is tuesday, march 31st. The last day of the First Quarter. Your top stories right now, 7 3. The coronavirus is spreading at an alarming rate in the United States leading to more closures and major layoffs. Meanwhile, futures are searching for direction this morning after yesterdays rally in stocks. The dow futures are down 19 points, natio nasdaq futures arp 12. This as a volatile First Quarter finally comes to an end. The dow on track for its worst quarter since 1987. The s p 500 having its worst quarter since 2008. It was quite a threemonth period with losses of 20 , plus. Global markets this morning look like this. European markets giving back some earlier gains right now. The world Health Organization says that there are signs that coronavirus may be approaching a peak in europe. The fq100 is up 42, cac is down 6, dax index in germany is up 41 points. In asia overnight markets were mixed. Take a look at the numbers. China says factory activity is growing once again. It reported is purchasing Managers Index for the month of march, it came in at a level of 52. That does indicate expansion. Economists were expecting a contraction. In hong kong, retail sales took a record dive of 44 in the month of february. And then this, American Airlines seeking its share of the Coronavirus Relief bill. Cheryl casone with those details right now. Cheryl. Cheryl thats right. Good morning again, maria. American airlines going to apply for 12 billion in assistance to help it cope with a record plunge in business. Carrier also is offering partial pay for employees who take voluntary leaves of absence and or early retirement. American says the Financial Aid eliminates the need for involuntary furloughs or cuts in pay and benefits for the next six months. American airlines has the most workers of any u. S. Carrier. The stock up 4 andahalf percent in the premarket right now. Well, more companies and ceos are making changes amid the pandemic. Disney says its chairman and former ceo bog iger will forego most of his salary. The successor ceo will take a pay cut. Top executives at Fiat Chrysler are ostles reportedly following suit. Ceo mike manly taking 50 pay cut. Macys plans to furlough the majority of its staff. Major retailers, most of them remain closed. Taking a look at the stocks in the premarket, disney, Fiat Chrysler, fractionally higher right now. Then there is this. Netflixs Popular Series tiger king, murder, mayhem and madness reopened a cold case investigation. The true story revolves around oklahoma zoo keeper joe exotic and the plan to hire someone to kill Animal Rights activist carole baskin. There arthey are looking for nes in the disappearance of Carole Baskins husband, don lewis. That happened in 1987. A hollywood mooneyes the works around all of these true events, a lot of people talking about this documentary on netflix. Back to you. Maria and by the way, dagen told us about this documentary a week ago. Are you still watching it, dagen . Dagen ive watched it five times, start to finish. Its multiple episodes. It is the only thing more insane than the times in which we are living. It is beyond description how completely bananas it is. But i think a lot of people will be very interested to maybe get to the bottom of what happened to Carole Baskins husband. Matts laughing. I made matt watch it. We want to know what happened to her husband. Maria i want to watch it too. Ive been wanting to do it ever since you mentioned. You got me. I will watch it. Whole foods employees planning a nationwide strike today, they are demanding better pay and cleaner onthejob work sites as grocery chains stay open for americans amid the coronavirus pandemic. Grady tremble is live outside a chicago store right now where one worker recently tested positive for the virus. Grady, good morning to you. Reporter millions of americans are relying on grocery and delivery employees as they stay home but some of those employees say their companies arent doing enough to keep themself. In the sickout today, some whole foods workers are calling for stores like this one to be closed after a worker tests positive for the coronavirus and to undergo a deep cleaning. They are calling for paid leave for workers who self quarantine, hazard pay at two times their normal hourly pay and healthcare for parttime workers. Now, amazon of course owns whole foods and amazon workers at a Staten Island warehouse held a walkout yesterday, calling for similar protections. The organizer of that was fired. She says it was in retaliation. Amazon says he violated social distancing guidelines and went onsite even though he was asked to stay home with pay after coming into contact with a coworker who had the coronavirus. Here at whole foods the store is cleaning more than they normally do. They installed sneeze guards at the counters to protect clerks and employees have unlimited callouts which means they can participate in todays sickout without fear of retaliation. Whole foods tell us in a statement team members if our stores and facilities also have access to up to two weeks of paid time off if they test positive for covid or are quarantined and an additional 2 an hour on top of Hourly Base Pay and increased overtime pay and maria, its not just whole foods workers participating in these types of strikes. I mentioned those amazon employees yesterday as well as instacart delivery drivers participating in strikes as well. Maria. Maria all right. Grady, thank you so much. And we want to talk about that a bit with our panel because everybody here sees their own work flow has changed. Dagen, what about you . Tell us about your reaction to whats happening with some of these employees. Youve got allie mccar mccartney working from home, as well as scott martin. Were following our stay at home orders. Dagen some of this is the Union Movement trying to take advantage of employees concerns about the way that theyre being treated and the risk that theyre facing when theyre going to work. Because these people who are making deliveries, people who are restocking store shelves, ringing up individuals, they are also front line workers in this Global Pandemic fight. These individuals are keeping us fed. That being said, the companies for which they work, like whole foods and amazon, they are trying to do the best that they can to protect them. And let them know if you dont feel safe, you dont have to come to work, you have unlimited number of days that you can stay out. But this in part is an effort by unionization movements and the unions to take advantage of this and unionize more workers. So there has to be a middle ground. I personally am thankful i have a job. And im very the one thing i say to everybody who i see who is working, i thank all the delivery drivers i see, i thank all the people in whole foods in the Grocery Stores where i go. And i also say but arent we happy to have a job because ive got a job too and i think that were grateful for that. Maria absolutely. You make a lot of good points, especially when all of these furloughs are happening. Allie, i want to get your take on oil and what it means. This is the worst time for the u. S. To be facing the oil upset that were looking at and were going to see job losses and furloughs there in a big way as some of these Shale Companies will not be able to make it with 24 a barrel oil. Maria, its a great point. If we were not dealing with the most ma confusing financial cris ever as a result of stopping our economy, the markets would be in turmoil simply because of the supply shock that we have going on in oil. And it almost gets pushed away because there is so much else happening in volatility. But right now, it makes sense that oil is at an 18year low because you have both the supply shock and the demand shock, maybe one taking advantage of the other, and, yes, do i think oil is going to recover to 30 or 40 in three to six months . Yes, i hope so. But this is really as you said the timing is quite dire. I guess the only positive news would be that if we are looking to mitigate Financial Stress on the consumer, low gas prices is going to do that for some period of time but this is i mean, again, amidst a supply shock and demand shock, talk about the inability to quantify or prognosticate where th the marks going. Maria in a moment ill get your take on this as well. We have a market that is mixed this morning and a lot to come. Marco rubio coming up in the next hour. Stay with us. 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. American farming amid coronavirus, the stimulus package doling out 23. 5 billion in assistance to farmers. Many are still worried. The virus is driving down crop and live stock prices and travel restrictions from mexico are endangering the workforce. Joining us now is the ceo of land o lakes, beth ford, whose company has more than 1700 dairy farms as members. Thanks very much for joining us. Thanks, maria. Maria what has been the biggest impact on the food situation as a result of coronavirus and tell us about some of the travel restrictions, how its impacted the bottom line as well. Well, id say a couple things. First of all, land o lakes, we are known as a Dairy Company and Everybody Loves our butter brand, the number one brand at retail. But actually we are farmer owned. We are a cooperative. We have a number of growers, bean growers, corn growers, so we Pay Attention to all parts of the sector. We have a couple hundred processing facilities. We see the full value chain from farm to retail. To your question. What have been the biggest impacts. Commodities, the representative index of commodity since the Coronavirus Spread has dropped to levels we havent seen since 1972. This is across all of the commodity areas. We are seeing tremendous volatility. So on the dairy side, retail is up obviously, consumers are moving to retail to get goods but at the same Time Food Service has dropped dramatically and International Shipments of goods whether its on grain or on dairy have not been moving as rapidly. One of the challenges we have of course is the brazilian real is at a low versus the u. S. Dollar so the u. S. Dollar is strong. So we have a number of variables that are really driving Commodity Prices down. I always like to start, however, by first saying thank you to the american farmer, thank you to our farmer members and thank you to those in our value chain who are working hard to make sure the food supply is secure. We do have a safe, affordable food supply. It is a pillar of our National Security and im grateful for the efforts that the farmers are making right now. Theyre in the field. The Dairy Producers are producing and im grateful for all of those who are involved. Maria as are we. We are also very grateful for sure. You said the crb index has been dropping. Does that mean the price of food is going down . Is it carrying over to the American Public . I know Many Americans are panic buying right now, they fear the food supply may dwindle. You said in past interviews, distribution challenges and labor availability were worries heading into the crisis. You said the crb index is down. I want to know if Commodity Prices are down, food prices should be down, right . Yeah, well, at retail of course the retailers are setting the price. Theres a distribution chain or value chain that is involved in distribution of goods right now. We certainly are seeing the consumers change their behavior. Theyre buying for a couple weeks at a time. A lot of folks are buying online. And so you certainly see that. What i would say is in terms of pushing price back to the farmer, were not seeing an increase. Were seeing a decrease of Commodity Prices right now. Maria so we are seeing a decrease. Has land o lakes run into any manufacturing issues . Do you anticipate this in the near future . What should we expect in terms of the supply chain at land o lakes . Land o lakes supply chain has been quite strong. Right now, so we do have a number of distribution facilities, for instance, for seed Crop Protection items, farmers are starting to get back in the field and were seeing very Strong Movement of goods. At the same time, our dairy processing plants are working well and our staff is showing up. We have put in place new cleaning regiments, new protective regiments, we tried to recognize our employees by making investment in them and paying additional wages. One of the things that we really need is a coordinated federal, state and local response. There are multiple states that are starting to go to stay at home. But part of this value chain are the Small Businesses, all the process technicians, et cetera, that are critical, the transportation drivers that are critical to a strong value chain. Mariaand what were seeing maria im glad you raised that. Thanks so much for joining us. Great to see you, beth. Thank you. Bet ford joinings beth ford joining us there. Well be right back. Stay with us. 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 [ 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. Well, the butterfly iq ultrasound bringing muchneeded help in the fight against coronavirus. This is a portable device, it can be plugged into any cell phone while quickly and eventually scanning patients. Joining me right now is acute care specialist, emergency physician, dr. Mike stone. Thanks for being here. Tell us a bit about the advantages of using this butterfly iq. What its used for normally and how its addressing coronavirus. Its great to be here. So butterflys mission is to demock considede. It really brings unprecedented versversatility, portability. Typically we use the device from everything from cardiac imaging, looking at the heart, abdomen, pregnancy, lung findings and in particular while we werent designed specifically for covid19, our Technology Drives versversatility and one of the e capabilities is lung imaging. We noticed theres a particular pattern to the lung findings we see in patients infected with covid19. Maria that is fascinating. I want to show the siz sidebye video of human lungs and hearts with and without covid19. So walk us through this. What are doctors and scientists learning from these comparisons when you look at lungs and hearts with covid19 and free of and no covid19 . So the lung findings with covid19 really tend to i dont want to get bogged down into the details. I know youre showing cardiac first. Some patients with cardiac complications from covid19 have poor squeeze to the heart or weakened heart and the image on the right shows a weakened heart thats not squeezing as well as the image on the left and this is readily apparent with lung imaging. We see these vert vertical arts that come down in the right image with covid19 pneumonia. On the left we see none of those, purely horizontal appearance to the lung. Maria really fascinating. New technology is obviously going to be critical in terms of this fight against coronavirus. What can we understand better in terms of whats on the horizon, what doctors are using mostly, what you need in terms of fighting this virus . So one of Core Principles is bringing the medical imaging to the president. We know chest xray performs poorly early on in the disease. Ct scanning requires the trans transport of patients. When we see that, we see potential exposure of healthcare workers with the transport. Were also seeing additional healthcare workers having to put on supplies that are in really limited demand like masks and gowns. So being able to bring that technology to the bedside during an initial physician assessment really lets us confirm all of that. Maria i love it. Dr. Mike stone, thank you very much for weighing in here. Great information. Well be right back. Welcome back. Good Tuesday Morning. Thanks for joining us. Im maria bartiromo. Tuesday, march 31 the last day of the First Quarter. Top stories 8 00 a. M. On the east coast, the coronavirus is spreading at alarming rate in United States President Trump saying the guidelines may be toughened up as more states issue stayathome odds dr. Fauci warning we could see a return in the fall, andrew cuomo making a desperate plea for doctors nurses, as confirmed number of cases in the empire state tops 67,000, accounting for 40 more than 40 all cases in the kin right now. Markets this morning searching for direction, a after yesterdays rally in stock prices futures a loss start trading 69 points dow industrials s p 500 down 12 nasdaq up but just by half a point well off the highs looks like we are getting heavy selling in right now, with futures at low of the morning down 115 as volatile first quarr comes to an end today the dow on track for worst quarter since 1987. S p 500 worst quarter since 2008, about yes this will be a quarter to forget nancy pelosi speaker of the house looking toward a phase four coronavirus package calling for Infrastructure Spending more money spent directly to americans, not everybody on capitol hill however is seeing a need for this just yet, ford motor delaying restart of north american plants due to safety concerns ramping up production of ventilators teaming up with gm General Electric to do so mazey coals cutting payroll impacting hundreds of thousands st. Louis Federal Reserve warning Unemployment Rate could top 32 mornings with maria live right now. Global about markets are mixed european markets giving back gains, as you can see, ft 100 positive up 15 points, the cac quarante in paris negative down 44 points dax in germany lower by 33 world Health Organization says there are signs the coronavirus may be approaching a peak in europe. In asia overnight meanwhile, markets mixed china reported factory activity growing, its purchasing managers next march came out strongerthanexpected, it came out in level 52, indicates expansion, economists have been expecting a contraction a 44 dive in february oil prices one of the most important for markets just bouncing off 18year low this morning, about, as you can see, oil now 21. 09 a barrel expectations that it is going lower up this morning by a dollar one cent, President Trump spoke he can with Vladimir Putin yesterday, they agreed to have top Energy Officials executive he stabilizing oil as price war between saudi arabia, russia as well as drop in demand led to steep slide in price of oil, Interest Rates meanwhile, look like this, the 10year treasury as you know, has been dropping, it is down again this morning yield having largest First Quarter decline, since 2008, now down 3 1 2 basis points level. 689 , Dagen Mcdowell scott martin alli mccartney every time i look at 10year one more reminder of where we are, we got negative rates in some part of the curve but looking at that 10year that level right now incredible, how low rates have gone. Right and Mortgage Rates back to records even lower than what we hit i think the record on 30year fixed rate was 3. 29 , this is a testament to the extraordinary maneuver by Federal Reserve blowing out Balance Sheet opening, Lending Facility after Lending Facility we did not see during financial crisis of 2008. Buying literally buying Investment Grade corporate debt, and buying lending to Investment Grade corporations, also, buying up shares of investment of bond etfs if you will, i want to point out something about nancy pelosi, about quickly the house speaker, is using this for naked politics, because she didnt really have a role in assembling two trilliondollar aid or rescue package that was put together passed in a biwhite house passed by it was helped he cobbled together by senate, not nancy pelosi. We need to wait and see how two trilliondollar rescue package plays out she is trying to get ahead of the senate trying to get ahead of the white house at the same time, basically blaming President Trump for loss of life which is just beyond the pale. It is disgusting, actually. You know, the truth is, is she wanted to get a lot of things in that 2. 2 trilliondollar plan she didnt, they stopped her like Solar Panel Funding funding for partnered parenthood, et cetera, u. S. Reached new milestone in fight against covid19 one million americans tested for coronavirus the number of cases in United States surpasses 164,000 mark the most worldwide, more states enforcing mandatory shutdowns hospitals facing shortages of critical equipment President Trump warning guidelines to combat this outbreak could o get tougher. The guidelines will be much as they are, maybe even toughened up a little bit but having a big impact they are having tremendous impact we are starting to see it. There are some parts of the country that are in far deeper trouble than others, there are other parts that frankly, are not in trouble at all, hopefully we are going to be able to keep it will that way by doing what were doing. Joining knee florida scenario member of the Foreign Relations committee select Intelligence Committee Small Business Entrepreneurship Committee Appropriations Committee marco rubio great to talk with you thanks for joining me. On the phone good morning thank you for having me i should say dhaifrngs for all you did with stimulus package i know you were on phone morning noon night businesses big and small what do you say to people who say look we can have shutdowns in parts we have to have a shutdown of the entire country there is no precedent for no economic activist whatsoever how do you see things. On the phone i think most important thing we are trying to do buy time every day goes by people not infecting other people one more about a to build up capacity in our hospitals the key here is to make sure that a lot of people dont get sick at once. Until we develop a vaccine, there is no way to prevent this, and medicinely we still dont have antiviral treatments buying time for develop antiviral treatments build Hospital Capacity flatten pace of infection a little bit what were seeing now ultimately what we are doing today you cant do for a year nine months ago weve got a sustainable thing long term but it is important we do next few weeks as president outlined, because buys time to build capacity slows down rate of infection so we dont haves collapsing of the Health Care System different pockets of the country where are we in Health Care System right now . I know that is another area that youve delved into i was talking with people in new york going to speak with langone i like to know if if hospitals are on point of breaking Governor Cuomo making desperate plea for more nurses doctors what do you think where our hospitals are right now. On the phone we are a big country diverse so i think portends who you are asking i dont know details on the ground in new york city can only go off what media is reporting local officials are saying they are facing a difficult challenge no matter how long you want to characterize it, interviews with doctors, i can tell you in florida i am in south florida i spoke to head one of the he largest Public Hospital last night they are 30 , 50 capacity hospital empty done so deliberately, in anticipation, of a spike of potential spike in infections doesnt happen then great news. So i think it depends on what part of the country year talking about but that is an example of why, you know this social distancing for short period of time has been important it allowed that hospital, to empty out, cancel he Elective Services have capacity to handle uncoupled event i dont think fair to say all hospitals some like to say it depends where you are talking about when part of the country. Your part of the country florida so many retirement communities worried about retirement communities we know 4rer8d are very vulnerable to this disease anything you can say about that. The governor here, few weeks ago made decision to basically lock them down not allowing visitors to go into the assisteding living fatalities Nursing Homes important, we have had cases in Nursing Homes, we have not yet thank god had anything like weve seen in Washington State we had tragic deaths two or three cases different Nursing Homes we havent had that outbreak biggest fear 5 large elder population if outbreak in one of those would be catastrophic thank god that has not happened yet meanwhile, we continue to investigate origins of this coronavirus, the cdc was not allowed to go into china. In effective way to actually get severity of it now reports out say chinas death toll hit 3300 not everybody is buying the numbers out of china some say could be astronomically higher we spoke about about this sunday morning futures last unique are yesterday i had on show founder and chief Investment Officer kyle bass says information out of china cannot be trusted i got to get your reaction. We all know the Chinese Government lies cheats steals its way through world. It is important to note that, you know, look china as you know, how many people are there 1. 3 billion people if anyone believes that their infection death toll what is they publish people got a bridge to sell them in arizona. It is it is crazy to me, for anyone to think that china is being truthful in any of their communications. So senator what us do about that i guess the broader question of a partnership Going Forward with china, is also worth reviewing given the fact in middle of this crisis we see article by beijing state run media says well maybe beijing will hold back on prescription drugs, the prescription drugs ingredients America Needs so dearly right now. On the phone i think the interview you posted absolutely right chinese have never been honest the Chinese Communist party lies constantly about all sorts of things they have the the work camp all uighur muslims you can see images they keep saying those are vocational schools. As far as death toll we dont know what number is i actually think they dont know what the number is, but i think most certainly substantially higher than number publicly disclosed on infection rate death rate my view based on information i have seen from open sources other places there are hundreds if not thousands offets early in crisis they didnt report covid19 deaths saw someone who died buried them like you normally would took weeks to publicly acknowledge this is a disease could be transmitted from persontoperson, this is not a competition, to see how can being have more people die infected let there be no doubt failure of the Chinese Communist party to be transparent to open to world disclose this early he cost lives of people around the world, the cost he be infections people around the world caused this to spread faster further than it needed to. Unbelievable what a tragedy, we know that relief is on the way for millions of americans awaiting direct deposits amid fallout covid19 checks coupled to hit accounts mid tril Speaker Pelosi says more help is needed a potential phase four should be included in infrastructure floated the rollback of salt deductions as well what is your take on fourth package do you want to see a fourth relief package. I think there is going to be is a fourth package in the future recovery i think we have to get through this first there is prospect if this goes longer than any of us anticipated we would rehe plenish the assistance to Small Business in the bill, as far as the things you mentioned that Speaker Pelosi is talking about we need to get through this first before we talk about all inside legislative agendas take stock see what is it our country needs to get stronger at recovery. As an example, i think no way moving forward that we cannot this stronger supply chains stronger domestic capacity to produce things in National Security interest Public Health interest economic interest this has to be part of future legacy built right now that is a bridge we will cross right now we are at a different bridge the bridge at right now bringing infection under control winning the battle getting society open everyone back to work battle we are focused on right now. You have been working on legislation for a while now on making sure, that we we lessen our reliance on foreign actors in particular china is that going to be one of the for lack of a better word accountability where china will be accountable for what has taken place you said because they downplayed it because of the lies coming out of china more people died. Certainly one outgrowth of this is going to be the fact that a companies, across america are going to recognize they cant they cant you know depend on china, and cheap stuff may not be the answe here. I wouldnt call it accountability you you cannot be a condition rooildz on products maid example example medical ventilators we can make them in United States component pieces came from china somewhere else weve got to have ability to do that here, the thing is i am a strong believer in capitalism, Free Enterprise greatest Economic System in world great thing about capitalism will move capital to most efficient places al most efficient outcome now and then most efficient obvious in National Interests probably cheaper to make important things in china some important things we have tribe able to make them i think this crisis revealed that. Exactly so the defense protection technicality the president hasstone about this a lot i want to ask you about that also usmca whether played nancy pelosi apparently this morning on another network saying the president needs to trigger the defense protection act immediately to get more Health Care Products to where they need to go. What has the president done . Where do you expect the defense protection act to go will that unleash more products. The government power to deal with private industry force them into a producing Things Country needs for war i think an option here is thing most companies are already doing it voluntarily why would you put in place a law to force companies to do what they are already doing voluntarily . I think that is a traumatic impact on society i think something that you have to be, cognizant, cautious about implementing i think difficult to reverse once you do it continues to be my belief if someone is willing to step i[dothing voluntarily you dont have to put a hammer over their head to do it we are beginning to see more and more i want to tell you one of the most uplifting parts of this entire episode has been how americans not just not government americans, i am talking about every day stridz Health Care Workers, those doctors nurses, that people Grocery Store every day are going in opening up potentially exposing themselves and private industry have done above and beyond tried to help country move forward that is great, that despite all issues in politics our people are strong. You are right, the American People have followed the guidelines really well too quick on Bipartisan Group 19 senators urging administration to push back june 1 start date for the nafta revision usmca, to relieve pressure on companies struggling over coronavirus outbreak should he be doing that . You know i dont know the answer to that question, i have to look into it deeper my sense is we have already got so much going on, i am not sure we want to add one more piece uncertainty hold back important deal on the other hand might be necessary i dont i mean to be evasive i dont have a wellinformed answer for you i want both sides i understanding the argument Companies Already struggling to begin with how are you going to go out exercise compliance given challenges we already face this is not business as usual many of these businesses would be forced into field are shut down not even operating so mr. Will there might be merits to that argument something i have to look at closer i have been focused on Small Business last two weeks, i am focused on that issue. I know you are, and Small Business community i know thanks to you you have been on phone talking to business, and big businesses on in terms of cash flow how much cash sitting on senator good to see you this morning, thank you, sir. On the phone thank you. Senator marco rubio joining us volatility continues as unknowns continue over coronavirus investors gearing up for last trading day of the quarter today it was worst quarter since 2008, all this amid coronavirus pandemic legalities check with chief equity strategist on that bob good to have you this morning are there moves people make in final day of the quarter that you are expecting today . On the phone sometimes people do wind dressing to show what they like to own rather than what they did i think talked about more than done we are going to get normal volatility most likely result of the environment we have been in that has little to do with the fact it has to be march 31. Look at expectations st. Louis Federal Reserve, issues a warning on u. S. Economy predicting Unemployment Rate could top 32 perspective the Unemployment Rate 3. 5 right now, talking about 32 with coronavirus job losses, to the totaling 47 million is market ready. A little more severe than most thinking i dont know right number the nice going to be horrific. The unemployment initial unemployment claims last week suggest just last week Unemployment Rate went up 2 we are going to see lot more numbers like that obviously, jobs report this friday the month of march, we will have okay weeks, not so okay weeks but initial unemployment claims are going to skyrocket we are going to lose a lot of jobs we have to hope based on the interview you just hood with marco rubio, that this is a sharp but short recession if we can curtail number of new cases, allow the stimulus to aid a recovery, we can recover a lot of jobs quickly. Quick in this last 10 seconds or so how do you want to invest how are you allocating capital today . So we are buying on the red days trimming on greens days in second phase of the bear market, has enormous volatility in both directions, take advantage of it. Bob you are great thanks very much for joining me this morning next time we go longer we appreciate your time, we will see you soon retail reacts macys gap taking drastic steps chains struggling in coronavirus pandemic. That is right here. Stay with us. These days you need faster internet that does all you expect and way more. Thats xfinity xfi. 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 . Welcome back furloughing workers amid pandemic retail chains across the country forced to suspend pay for hundreds of thousands of employees right now peinclude macys gap, kohls l brands owns victorias secret. Parent company an taylor, the Kings College Business Finance Program Chairman Fox News Contributor Brian Brenberg when you see these stores, furloughing workers, that is the time you start worrying like these companies are at break point may not make it through this tough period. You are right it is worrying to see these layoffs on the other hand not unexpected when you have a situation where government is shutting down their businesses. I think the question you raised it what happens Going Forward. Can they make it do they shut doors . I dont think we are in a situation, where somebody big retailers shut doors they are looking for emergency financing, but the treasury and fed can offer. For smaller businesses though i think paycheck protection program, that has been put in place can retailers take advantage of that get loans that are forgiven, i think you are going to see a lot of he retailers going for loans starting this week on friday. This is an important point you raise because there are certainly companies gap macy furloughing workers unable to tap into two trilliondollar stimulus package because finances were weak before outbreak federal loan program only available to companies with debt level considered safe by credit firms if you see down grades by credit rateing agencies that next out your availability to tap into this program. Yeah, that is exactly why these firms are making the move toward furloughing workers they are in a cash crunch you are right a lot of firms coming into cries were in a very, very tough situation, so one of the things i think the federal government is concerned about, is propping up officials that are werent in a strong position on the other hand i have to say would be very bad time to let some retailers go under you are in a situation if you do that you get a cascading effect some employees, start to ask the question can i pay my bills, we do not want this to become a solvency crisis so i think that is one of the things the government is to go to have to look at if they go to phase four stimulus let me bring in the peaceable scott martin. Good to see you again, i will give a wick pick three names let me know when you like best costco walmart amazon as far as growth have rest of the year. Ilike like all awful lot especially al horizon walmart such a good mix of in person sales only sales if you are a Community Like one i am in you can see how much people are leveraging amazon but especially walmart with pickup delivery system, these firms well positioned there is a reason why they are hiring over 100,000 workers coming up here because they are in at a strong position know how to serve people can serve in this kind of market. Dagen. I want to point something out in terms of the workers this isnt the government and Federal Reserve need to be careful about rescuing businesses that were in precarious shape to begin with managed Airlines Getting a bailout you think argue how well they were prepared for crisis which is part of Risk Management. I you digress. The government is standing ready to protect workers furloughed laid off with expanded Unemployment Benefits 39 weeks extra 600 dollars per week four months, if Congress Wants to do something they might have to expand those even more, do unthe road if we dont get out of this crisis. Soon. But more important than anything the workers even with in addition to 1200 dollar checks people will be getting too. There is no question that is why the government was so eager to expand Unemployment Program direct checks workers individuals families are so important, even if you get some to family in this environment again i think the big risk even if you get officials failing workers still have a way to pay bills, as you pounds out dagen, these paychecks are coming within two or three weeks that is a onetime shot what happens two months down a road even as we are coming out of this if things are still slow . There may need to be Something Else there for workers. All right. We will leave it there brian great to talk with you thanks so much. Good to see you come back soon brian Brian Brenberg dagen i know you are skipping out early today we will talk with you tomorrow. Right on lady. Nyu chairman ken langone here on coronavirus Pandemic Response state of hospitals today. Back in a moment. T of sync, t of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Thats why working together ist more important than ever. At t is committed to keeping you connected. So you can keep your patients cared for. Your customers served. Your students inspired. And your employees closer than ever. Our network is resilient. Our people are strong. Our job is to keep your business connected. Its what weve always done. Its what well always do. Good Tuesday Morning i am maria bartiromo, tuesday, march 31 last day of the final of First Quarter your top stories right now 8 33 a. M. East coast, yes, we are wrapping up the First Quarter, it was a quarter the Coronavirus Spreading at alarming rate in United States leading to closures major layoffs markets this morning are extending losses as we get closer to opening of trading dow futures at lows of the morning, down 156 points, nasdaq down 46, s p 500 lower by 21. This is a volatile First Quarter comes to end the dow on track for the worst quarter since 1987. S p 500 worst he quarter since 2008. Mark meadows taking over as white house chief of staff Cheryl Casone with details on that right now cheryl aye he is maria, meadows by President Trump to replace acting chief mulvaney North Carolina congressman served in the house resigned overnight calling it honor of his life. Coronavirus pandemic could aeffectuate usmca trade deal senators calling on Trump Administration to delay first start of the nafta revision with mexico and canada. Senators in letter to u. S. Trade representative lighthizer said u. S. Campaigns are already under pressure from coronavirus and they need more time to comply. Well prince Harry Meghan Markle are staying goodbye to the royal family and brand the couple announced will no longlong longer sussex royals, the roles as working royals came to end today harry meghan going to remain dutch and duchess will not use Royal Highness title. Brad paisley giving thanks to Health Care Professionals on frontlines. The land, 30 day project maria called gratitude each day, a new artist is going to publish a video to honor staffers at Vanderbilt University Medical Center in nashville amy grant lending talent, as you said, many times on the program, these nurses doctors deserve our gratitude. Back to you i love that, i would like to see that for all Health Care Workers across the country great idea cheryl thank you frontlines where we are going of coronavirus pandemic new york city seeing more than 38,000 cases, 914 deaths, due to illness the u. S. Navy providing a ship with 1,000 beds as cases mount quite the sight to see comfort ship arriving in new york harbor yesterday field hospitals opening up in central park jacob javits in manhattan hospitals new york Governor Cuomo making a power plea for Health Care Help saying one million additional Health Care Workers are needed to tackle this crisis. Please come help us in new york now. We need relief we need relief for nurses who are working, 12hour shifts, one after the other after the other we need relief for doctors. Joining me right now chairman of nyu lan comoen Medical Center, he is the home depot cofounder, ceo of associates ken langone thanks so much for being here. How are you day maria, thank you for having me. Good i want to ask about state of nyu langone Medical Center hospital state last time we spoke both very concerned hospitals on brink where one source said look most hospitals today cannot even handle a stroke victim or heart attack victim because they are overrun with coronavirus cases what can you tell us. Not the case nyu i dont think the case in other people come in with heart attacks critical needs going to be treated, so please, you know, we are not turning away isnt that that is the point of the comfort that is the point of the u. S. Comfort in new york harbor right now so they can treat things other than coronavirus, right . Ia but i am saying to you before that we were handling ourselves a lot of other places as well obviously, obviously, this is a safety valve going to help before we start let me say this. Right now, america ought to thank god for first responders, doctors nurses all the people that work in these hospitals they are in addition, Corporate America issue implies only, business america Big Companies Small Companies performing incredibly well what is going on in american blessing in terms to see the people we have within us. That are doing the things they do, it is absolutely about about unbelievable what is going on you are right. Let me say this i want to take advantage of this in america ought pooeb ashamed of itself what it is doing i am speak for myself i have had agreement by other people involved in Health Care Institutions media is not doing any good by promoting sen say shunalism gotcha headlines,i asked a prominent member about do you feel good media has lower opinion than congress i couldnt imagine anything lower than that lets get back to politics we are handing off cases no, lets stay for a moment hold on i cant allow you to say you that on this program just let it go, because this program has been anything but sensational we have been reporting facts pharmacists doctors people the president the congress, on this program, to talk to us about reality and facts i want to make sure when you say that, you throw out media you are not referring to this program ken. I am not referring to all of the i am saying media push back maria no hard feelings i am not suggesting for a minute anybody but all you have to do know what is going on in Healthcare Industry with media right now, and i ins maria, we are dealing with life and death models, i am sorry media does not get for me you dont have to be sorry i want you accurate about program my reporting i want to make sure did i say your program . Thank you that is all i wanted to hear thank you. Thank you so much. To a if shoe fits wear it okay that is right, by the way, i have a lot of problems with media. I have a lot of problems with are my colleagues in this business, yeah, i just want to say that i do because there is way too season sensationalism. President trump has been showing real leadership showing real leadership i want to say with a the wall street journal is reporting the head of emergency medicine at nyu medical told employees in medium over weekend that er doctors have sole zregs whether to place patients on ventilators institutional back to go withhold intubation from wall street journal i am asking you chairman of nyu medical lan goep make sure to get accuracy out there. Let me say this i dont know anything about that, what i am all my frank interfacing with Corporate America for ventilators test kits spending doctors know what they are doing i got to say first you in, watching the doctors nurses Healthcare Providers in this country is miraculous to see god bless them we blessed to have those people they are performing beyond belief about what journal issing right i dont know. Thank god for our Health Care Professionals, i i mean. And also the yes, maria. You know, workers out there are feeling it right ken look at furloughs going on retail chains, youve got people like macys the gap kohls, et cetera, being forced to spend pay hundreds of thousands of employees. As businessman yourselves look at macys gap kohls l brands an taylor your retail background what do you want to say to people losing jobs what do you want to see in terms of sector recovering after we are done with this virus . Okay. First of all, are there is going to be plenty of done after we pass this crisis to review what we did what worked what didnt work i think unfair right now to make a judgment you see you did not do this right that whatever it is. What i am saying right now in case of home depot, to make sure that we have people on the floor, i spoke to frank yesterday people work 35 dollars are get a 100 dollar a week bonus parttime people work 15 hours a week or more 05 dollar a week bonus we have doubled i should say, furlough we have doubled illness right to stay home we have given extra two weeks home leave. For 40 hours a week, 20 hours a week part time. Do you think this will work. Right now stimulus package . I hope it does i hope it does for one reason, we cant help public when they need if we dont have people in the store are perform we cant restoke if we dont have this is Home Depot Team i think all of retail america to the extent they can lowes costco walmart, they are all doing their part. Look at number of parking lots where now conducting tests, by the way, maria, Something Else we are gaining rapidly, rapidly on testing americans this is the this is gather way to solve our problem, to know who has disease who doesnt, happening as we talk, by the way i want to give a shoutout to the farm avenue sector we had alex gorsky on earlier from j j. What with a guy. You are working with him as well he is looking and trying has identified a vaccine when you see what has happened in america, being i would never bet against america because we will get through this. No matter all of the tensions, between business, the pharma sector sheer will of American People going to win this ken. Look maria look at i spoke to david i spoke email, mike, about, tom, they are danaher pitching in big time do a great job they are getting things done they are doing it without any look at president yesterday talking about the ventilators were going to get them out more importantly making ventilators who thunk thank you for leadership. I thank you for having me maria. 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. Helping you weather storms like this one, 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. Welcome back americans strand aid broed due to coronavirus, being urged return home as soon as possible, secretary of state pompeo touting washington efforts to bring them home safely. The state Department Team has done amazing work over 25,000 americans returned home airports all over the world closed Health Care Facilities across world closed americans wander to come home 25,000 americans, 50 countries, some dozens, dozens flights weve got several thousand more to get Home State Department is hard at work. Secretary of state sean hannity last night my guest recently volunteering in peru before entire country went into a strict lockdown, joining me department Nursery University Carolina Chapel Hill christian, thanks very much for being here tell us what happened we are very concerned about your own safety, can you walk us through it . Thank you so much, so i was in the on 12, getting ready to take clothes, and food to one of the smaller villages, i do every year we all do it. And so leave friday thursday or friday. On sunday president 8 00 after airport closed announced a nationwide kwaern closed all borders it quarantine closed all borders chaos, everybody, there is about 1,000 stuck about. We immediately went to the consulate office, and found it was closed, with sign on door just saying refer to the embassy web site nobody would talk to us nobody would give us direction. We embassy web site toll people contact commercial airliners for flight out we all know impossibility airlines werent flying arrangements were closed how can commercial airline fly skro, of course, there was lockdown did anything happen in terms of your health how are you doing what were efforts to treat coronavirus in peru . So peru has i believe, 37 ventilators total in whole country. I was there so not in lima i am not sure they have ventilators in terms of lockdown we were not allowed to leave hotels, apartment i had apartment more fortunate than most not allowed to leave, under loosely termed martial law you have to have special permission to leave you can go to Grocery Store bank pharmacy, that is it directly there directly back, and americans were stopped in the street asked for passports. I live in Family Building you tried to do as much a good deed christian we thank you so much thanks for being here walking us through it, we are happy that you are finally safe, and what an ordeal in peru. Well be right back. [spoken] theres no place like home. Especially when xfinity has you covered with fast, reliable internet. 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. Futures pointing to a lower opening this morning as we head into the last trading day of the First Quarter. Dow industrials at the lows of the morning right now, down 185 points. This was the worst quarter since 2008. The coronavirus pandemic sent markets sliding this quarter, in the last three months. Im back with ally and scott. Ally, let me kick this off with you. We still dont have the clarity we need but certainly this quarter is over and we are ending this quarter at the lows of the morning this morning, expecting a triple digit decline. I guess the nervousness continues as we are waiting on the health professionals. And the nervousness should continue, right. I think we have both broad and specific plans and action and commitment from the Federal Reserve and from our administration and this is true globally that they are going to do whatever they can do to support the markets, but again, i mean, we have this funny situation where we are physically isolated as we have ever been, yet as you have been pointing out all morning, we have some phenomenal things happening. We have some Great Companies with some Inspiring Leadership and thats where we should be investing. Strong u. S. Companies that are going to weather this storm. Maria you still want to invest, then, in companies that will weather this storm. You will be buying those companies today, even with this decline . Its a great question. I think that there is a role right now either for using options to get into the market at lower or protected levels or staging in, just like one would with a constant contribution to a 401 k . Im not sure today is my day. Today is sort of an anomaly, as you said, marking the end of the quarter. The other thing we havent touched on a lot in this show which i think is really important is the fixed income market in a lot of ways presents some great opportunities, and they usually bottom and lead before the equity markets and quite frankly, i think theres a little bit of chicken and egg with the equity markets waiting for some comfort and less volatility in the fixed income markets. So look to high yield, look to emerging market debt. Cant fight the fed here. Maria scott, alli, great to see you both. Scott, we did not hear from you enough. See you soon. We will get more from you. Thank you so much. Well be right back. Ses. 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. 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. Maria have a great day, everybody. Just enough time to go to varney company. Stu, take it away. Stuart i will take it. Good morning to you. Good morning, everyone. A fourth stimulus package, whoa, that has the financial world buzzing this morning. Treasury secretary mnuchin talked about it on this show yesterday. Speaker pelosi is apparently on board as well. So after 6 trillion worth of stimulus from congress and the Federal Reserve, more help is at least in the planning stages. It may well be needed. April starts tomorrow and with three out of four americans locked down, the whole month may be