Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when they look at the democratic candidate looking at the stage making a fuel of themselves it is always a possibility it is an election. Who knows what happens well hear more from the president s comments at 7 00 a. M. Eastern part of the points was United Health care. Part of that may be the prospect the other need Bernie Sanders looked liked he had such a demanding lead his pack is raising money. Got the endorsement of the run to the senate or president sorry. I was very specific. I didnt want to trigger you i just mentioned United Health, not coronavirus. I got it reporting a new case of the coronavirus in Northern California but this cant be traced back to any travel to china, this indicates possible Community Spread of the disease. Showing where we are right now, the dow off. Looking to the european markets. You can see there everything is off about 2 across the board. Now 556 confirmed cases in europe denmark and estonia reported their first cases, italy above 450. Germany has cases that can no longer be traced to the original source in china as well. Hps bottom line will take a hit. Saying the impact will be felt most in the Manufacturing Business today, manufactures are open but not at 100 level. We saw a supply chain driven impact we have estimated in q2, this will be an impact. In a related story, microsoft does not expect to meet quarterly segment. Generating most winds owes revenue by selling licenses to device makers including hp shares of microsoft are off more than 2. 5 . Shares of nutanix cited coronavirus as one reason for lowering the 2020 outlook. Looking at asia pacific and japan region that stock off by 18 . It has been a fascinating, ugly week. What struck me driving in about this being the worst week since the global crisis. Speaking of that, i had a front row seat at leman brothers you almost caused it. I was hearing more discussion about central bank functions, if you recall, Household Debt were at the highest levels. Largely household financial. You couldnt do it there was no mortgage credit available. Because that mortgage credit channel was cloged even before we had this last leg lower in rates by the way, household obligations are at the alltime low. Household sector will be flush theyve been deleveraging through the cycle. It happened in the 60s as well you could get a confident shot to be sure it is likely to be temporary you talk about the Business Confidence channel going into the trade wars. That was at multidecade highs. The biggest impact was pretty profound now at the lowest level since 2016 i suspect this will be less disruptive than the great east japan tsunami quickly followed by the thai floods that shut down parts of Semiconductor Industry for months. Your interview with honeywell ceo setd we local source 11 was the Inflection Point for that i dont see the supply Chain Disruption this is going to have a hit. If you think about the knock on effects of the crisis, i dont expect to see them anything like that we are going to go to break you have made the point that ceos might sit on their hands. 100 . You would acknowledge, if Bernie Sanders were motting up, there could be a Market Impact based on that. You would acknowledge that i would acknowledge that. I dont believe that would have Significant Impact on markets. At this appointment i think in the middle of the crisis at this magnitude, hes turning this into a political story. We know about supply chain and business and gdp sure. Lets say this does get out of hand and that the response of the Trump Administration actually helps the democrats chances. Sure. You needed something to say about what he said yesterday it is a very highly correlated mark down tech going down the most there are two that stand out, Health Care Providers and oil and gas. There is a little element in there for sure i would not call that the primary catalyst not at all. United health care was downright after. More than would be justified in the price of oil. Coming up, the markets continue to drag down the market it is 6 10. The knowing glances trump talks to the country about the coronavirus and how to prepare and uses it as a political i dont think anybody should ever get used to that updates from employers to china and in italy where confirmed cases are growing rapidly. Travel related stocks this week. New comments from delta, marriott and booking holdings. Well be right back. Announcer this mornings big number 2. 22 million thats how many users, zoom has added in 2020. The stock is up 57 so far this year [ fastpaced drumming ] [ fastpaced drumming ] before the break, we told you about several Companies Reporting on supply. Looking to eunice yoon and progress in china. Good to see you. You too, becky. It depends on how large the company is the country put out some Interesting Data on small to Medium Enterprises the resumming of work topped 30 . If you look at the numbers for large companies. Over a week ago, 80 had already resumed work there is a question on the definition of resuming work. They are not getting the Assembly Lines up and running. It is not clear how far along the a semibly line getting up and running. The communities here put out surveys as of today. The American Chamber of commerce said 48 polled see a drop in revenue for this year if business continues to stay abnormal al april 30 48 see a decline in revenue 46 expect to lower the business target for the year. The central bank has been trying to reassure businesses here with several different measures but today specifically said that bank would go as far as possible to reduce the impact and ensure that china receives for a year that sentiment has been raised for how long, the government will try to avoid large scale stimulus theyve been talking about targeted with unemployment here, that is a big question mark. We had a little projection here that gave a briefing today saying that he believed the outbreak in china would be contained by the end of april. Well see whether or not that pans out im not sure if he included the surge that you are seeing overseas the concern here that it will be a reinter duroduction in china going to italy this morning. To cnbc italy joining us now on the news line. Good morning caller good morning, andrew. Tell us the feeling there, the reaction weve had these conversations now for several weeks. Thats right. Mentioning shes been on the ground for several weeks it is interesting to hear all the information shes gathered it is all new to us here we dont have much information we know the numbers. 400 have been reported 12 deaths. The areas in lockdown continue to be the same the cases in the rest of italy have been linked to the epicenter. We dont know who patient zero was but we know where all the new cases go back to they are keeping that area very much locked off. Day to day, just you go outside right now. You go outside. The treats are very empty. All offices have found a way to allow employees to work from home if they are in any way not even if they are linked to the area in complete lockdown. It is just trying to avoid people going to the street. From 6 00 in the evening to 6 00 in the morning can now stay open citizens are beg urged to not gather and being told to lean away a bit even though the numbers are increasing without having to put everyone in lockdown, they are realizing they can contain it. You have started to see in the United States, that is being put in many other countries and regions that it is pretty inevitable that this virus will go around. We have to ra just and try and not stop the World Economy while we deal with something very serious. In italy now, it is the beginning of that. Today and tomorrow, very crucial, the days in which well see whether this is a short term or leading to a medium term. I know the gdp comes from the areas that were affected they cannot they can handle for a short while, a stop. But if this does last longer, it could have a big impact on an economy that is very, very slow. This is really important to try and understand the length in time the low number of cases in the coronavirus is hard to believe the outbreak is increasingly likely. Global head of Dramatic Research the main question isnt true and we dont know the nomination we know the epicenter was wuhan and the total number of cases in china is a big number but compared to over a billion people, they have managed to at least on the surface, con continue it fairly well. Do you think wed be able to do the same thing in the United States because of more personal freedom . Why do you think that would be so much worse . Good morning. I think there is a couple of things to note here. One, weve seen si significant amount of social distancing in china and the rest of asia a pretty client population allowed themselves sto be locked down once they found they had a problem, they received some criticism that it took too long to put their hands up. The repeatability from a higher flub to a lower number the rate of growth going to some time in april. A number of things, one, you may already have far more cases than you know about there has been very little testing done in north america. I find it quite interesting, you cant perform that much testing. You can other test in three states and five cities when you test for this thing, you might actually find it when we are talking about outside of asia, italy being the big number, yes. Im suspicious about iran. I think the number of cases in iran is far more than being reported this goess to the number of cases in iran. You cant have 998 cases and eight countries magically getting the number. The number of deaths there much higher. It is kind of a half empty, half full view point if there are more cases, you are not seeing Emergency Rooms flooded or a high mortality rate, then we start thinking the mortality rate isnt taking the advantage. Then it is a weaker strain or either way can you find good or bad in either scenario potentially there is one point we think about. We see this from the diamond princess it took a long time, even though they knew they had that virus on that ship. This may be what we are seeing in iran. They may have known they had this thing in the middle of january. And now it is sharting to she up the number of patients who show an acute response, about 5 to 10 , you talked about those showing up in Emergency Rooms, that could be a big issue in the u. S. Goifen that there is not a large amount of social health care that could keep people from seeking health care and result in higher cases in the u. S thats the point id like to make the main thing you brought up is we may not be capable of the same type of social distance that where there are billions, they are could be more effective at keeping their distance. If we were to say, b the biggest fear is what we dont know, we could get really hysterical. If it is a huge amount of cases here that we dont know about. We need to do the testing, which is what dr. Scott would say. Absolutely, yes you do need to do more testing some of these drugs seem like they may of therapy value they are more than a year away from a vaccine thank you. Coming up, this week has been brutal for tech stocks. Look at some of the names at or near correction levels now after the break take a look at share winners. Merchandize rose 33 to 1. 7 billion. We are back after this taxes . Sales tax, real estate credits, solar incentives. And we have no way to integrate all that . No. But bdo does. announcer people who know, know bdo. We were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. The 1 choice of online sellers. Go to shipstation. Com tv and get 2 months free. Shipstation. The 1 chgoodbgoodbye fred. Of onl[ toilet flushing ] what if he gets hungry . Kohler revolution 360 with continuousclean. Stays clean five times longer. Its okay, dad. Only from kohler. Welcome back want to get a check on some stocks on the move beating forecast as it earned more from subscriptions and services saying the carb app Mobil Service had 24 million active users up 60 added new features including stock trading. And box earnings beating forecast now guiding First Quarter revenue above analyst estimates software lets customers store and manage content talking about earnings during the coronavirus moments. Futures are indicated lower again. The dow indicated to open lower than 268 points. S p futures indicated down 31 points and nasdaq down about 80 points and when we return, well show you the hardest hit stocks and the moves they are taking. Lets look at yesterdays biggest decliners in the s p and the dow. Through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From managing inventory. To detecting and preventing threats. To scaling up your production. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com we are live from the Nasdaq Marketsite we could be in for another big down day thursday last week, down 128 points, friday, down 227 monday, the dow was down over 1,000 points add another 879 on tuesday, another 123 today and indicates another 290 points this morning. This morning, when you take a look at the concerns and writing down across the board. If it is 300 today, in 10 would be 10. Pull back are what we just showed, well see what happens today but the losses team to be getting less but it is dependent on every piece of news that hits. Add that up, 128, 227 this is just the dow the equities might not about where you focus. The 10year is even scarier we are talking historic lows down 1. 38 getting to the guy with the thick green tie. Air b b out with a statement saying its policy allows guests and hosts to cancel reservations with no penalties. Working to support the host and believe the travel industry will bounce back. Jetblue became the first u. S. Carrier to cut fees for changing or canceling flights i have a question when air b b says we have no fees, it would be the homeowners that take that on. If you cancel, the fees can get partially shared im also hearing, the homeowners can also cancel too can the fee then go to the guest . They are really not the ones getting impacted any of this if you cancel your flight but jetblue is selling you the seat the air b b model, they dont own any of these the big loss goes to the homeowner who was going to get the majority of that money, i assume in this case, it is all of air b bs business so the beldelta there is significant. It is the same to me as air b b getting rid of the fees. I mentioned you, is it a house tie. Dont say it is guy you hate it and are embarrassed. That is not your case this is the case, i forgot my tie. I usually grab my tie on the way out. We have in the back, there is historically these boxes of ties i said, okay, im not going to go back home so i put this tie on i would wear that this is your style, which is why it is not mine i mentioned it. You just blue it off i. It is a threehour show do you want to talk about death and coronavirus all morning long when we come back, well talk to dr. Scott gottlieb to talk about just that. And tuitionfree College Programs to generate the talent companies need. With a 150 billion investment in state of the art, modern infrastructure, and a nationleading commitment to lowcost clean energy, new york is doing more than any other state to build for the future of your business. New york state, the state of the future. Learn more at esd. Ny. Gov. We were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. The 1 choice of online sellers. Go to shipstation. Com tv and get 2 months free. Shipstation. Car vending machine