Flights across the country from body butter to hand sant tieser fighting the medical supply shortage good morning and welcome im Courtney Reagan from nasdaq ma market site. Kicking off with breaking news as stocks are set to surge at the open this does come after the Federal Reserve developed new tools to help stave off an almost certain u. S. Recession dow indicated higher by 865 points, s p by 99 and nasdaq by 320. The virtual qe program, the fed buying more Mortgage Backed securities but say can it with purchase Corporate Bond and Corporate Bond etfs that track the corporate debt market that means buying etfs like the iboxx or van guard the i shares lqe is marginal higher but the vanguard is down. Yesterday, ultimately another rocky day with the dow closing at its lowest level since november 9, 2016 it remains on pace for its worst month since 1931 green arrows across the screen in asia overnight. We have global Team Coverage matt taylor is in singapore, karen tso is in london thank you a strong showing indeed for the markets in asia. As u. S. Futures traded higher, we saw a number of these markets making some strong gain. Japan rising for the second consecutive day the nikkei closing up by 7 a softer yen around that 110 level. South korea rebounding after steep declines the market up almost 9 . The biggest oneday percentage game for the kospi since 2008. Sang high was the laggard. On the virus front, hubei saying it will relax travel restrictions there from the 25th but the city will hubei, itself will have to wait until april 8. In hong kong, up around 4 yesterday, that city said it will be shutting down all tourist arrivals up some 967 points impressive numbers there. Up 8 in south korea getting to europe with karen tso in our london news room. Good morning reporter we are strong from the outset this morning. Europeans know how to respond. The rally coming quickly on to the boards this morning. If you look at the benchmark, we are only claiming back yesterdays losses look at the individual indices, it has been a struggle to hold on as we have seen pmis crossed. Those numbers have been incredibly weak. Trying to climb high to the outset flash number for march 34. 5 even worse for france. Below 30 for the French Market we are in the green but the data is hard to wade through at this point. Coming into force, only allowed to go out for essential needs. The market is firmer, this is the first bounce 6. 6 up look at where most of the green is spilling on the boards. Much beaten up areas of the market yesterday, we are hearing about the suspension of the buybacks basic resources higher than 7. 6 food and beverages courtney, back to you. Well stick with london. Uk Prime MinisterBoris Johnson announcing a virtual lockdown of the entire country to help stem the spread with more than 666 cases this morning lets head out to Steve Sedgwick live from london this morning. Reporter good morning to you. Im standing outside the new scotland yard. The headquarters of the Police Authority in the united kingdom. They will be trying to enforce those lockdown rules if people dont abide, they could be due a fine of 30 to 1,000 pounds from this thursday. The new rules, you can only go out shopping for food and medicine and as infrequency as possible one form of exercise, maximum a day. Run, cycle or walk and only with the people of your own household. If you have medical needs, you may go out only travel to and from work where it is necessary. If you are not comfortable being at home, minimize your time outside. No weddings, baptisms, faith gatherings, the pet shop as well, banks, libraries are shut, playgrounds, gyms, places of worship. The police will be there to give fines and disperse gatherings. Back to you. Do you believe people are sort of obeying with these rules . Have you seen folks walk by for their daily one exercise of choice why dont i show our viewers. This is the embankment Central London this is rush hour in Central London i can see a bus on the bridge. They take 87 people, normally. Youll be lucky if you see two or three people. Youll see one or two joggers. That is it this is rush hour. I can see one car, a second car and a Police Motor Cycle they are out monitoring the situation but yes, it is quiet on the streets how about supplies. Does everyone have what they need to stay in this lockdown for essentials there are suppliers there has been some horrible behavior pasta, toilet paper, Hand Sanitizer. If you shop sensibly, there is lots of goods. I have a parent within the area of london, ive been supplying him with food and have been absolutely fine. If people are sensible, there are plenty of supplies no talk just yet of rationing. Thank you steve stay safe. Back in washington, the senate failing again to advance the 2 trillion virus stimulus package for the second time. This as china starts to transition away from their own lockdown rahel is here with more. Perhaps some good news. They plan to lift the monthlong lockdown on the outbreak as soon as april 8 as soon as the number of new cases continues to shrink back at home, u. S. Airlines are drafting plans for a potential voluntary shutdown of all flights in the u. S it comes as worldwide commercial flight volume has fallen nearly 48 compared to this time last year Fiat Chrysler will begin manufacturing and donating 1 million face masks initial distribution plans for u. S. , canada and mexico. And 3m says it is prioritizing certain u. S. Hot spots for future shipments ceo mike roman speaking with us yesterday. Caller we have prioritized new york and Washington State and have shipped over the weekend more than 500,000 respirators into those cities. More than 300,000 are landing in new york today we will be able to priorities and ship looking at shares of 3m, those shares are up. Thank you, rahel. Why the future of the 401 k and its future could hinge on decisions made in washington and President Trump debates the costs of the prolonged shutdown skbr we cannot let the cure be worse than the problem itself. Former White House Deputy secretary under george w. Bush is coming to weigh in on that. Still more ahead when cnbc returns. Yes im stuck in the middle with you, no one likes to feel stuck, boxed in, or held back. Especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its the most open and secure public cloud for business. It can manage all your apps and data from anywhere. So it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. Without getting in your way. I know that every time that i suit up, there is a chance that thats the last time. 300 miles an hour, thats where i feel normal. I might be crazy but im not stupid. Having an annuity tells me that im protected. During turbulent times, consider protected Lifetime Income from an annuity as part of your retirement plan. This can help you cover your essential monthly expenses. Learn more at protectedincome. Org. Welcome back lets get a look at futures. Indicating a higher open to the tune of 886 points s p 500 higher by 100 and nasdaq indicated higher by 324 points this does come after markets suffered another day of steep losses monday. Pushing the indices to new multiyear lows. Lawmakers will try again to coming to an agreement on a stimulus package after failing for the second time yesterday. The International Monetary fund warns of a global recession, stressing it could be worse than the 2008 Global Financial crisis joining me on the phone line is mark haefele, ubs wealth manager. Thank you. Lets start there. How are people feeling about their investments . Seeing these wild swings in the market, and what are you telling them caller thank you, courtney it is a great place to start i think one of the perspectives we can give people is just how around the world, people are seeing Different Things and in a different place based on how long theyve been living with this virus and the opportunities locally. In asia, we have a lot of clients who are looking at Global Opportunities and looking at things like the 5g rollout in asia which could be accelerated out of this crisis or because of this crisis and looking for opportunities. Not that long ago, it seemed you could throw a dart and have a decent return. Do you have to be very careful what you are investing in right now . For example 5g thats a good question. We would like to be careful. Whether they are relative or absolute value as we look at the scenario now, you mention this activity. Investors have focused first, there is not just a dip but the expanding of the curve in the new virus cases and the filling of the gap with the policies now. As these policies roll on line, there could be winners and losers one of those shots was on the airlines that were spelling out the action on these new bills and laws that will support them a bit. You do have to be nimble people who study the markets understand, in the long run, well see a rebound. What if you are someone looking to retire or recently retired and counting on that Investment Income what is your advice to those people caller one of the things we get asked here a lot is how do i health here further . Thats what you are saying the most important advice we can give is, a lot of the time, asset class diversification and Geographic Diversification we had seven pandemics twrebetw 1900 and 2,000 the people who suffered irrevocable losses were those in one region if people start there and develop a plan where they have liquidity so they know they can survive for a year or two. Rather than things that they can totally freeze up and sell everything you point out geographic diversity. I know you are interested in looking at emerging markets. Can you explain to us your country thoughts for em . Caller absolutely. We think some of the emerging dollar markets, have priced in more of a session than equities broadly. We can look for that to be a space to help lead us out of this also u. S. High yields will help lead us. It is a real multiasset portfolio view to help to start to rebuild as the news comes through, it will be choppy here. This fed move, you see it in the dollar and in the vichl coming down that stability is starting to come back to the credit mix. Thank you for joining us today. Keep in touch with us. Thank you very much. Still on deck, the city that hasov has overtaken seattle as the number one hot spspot in the u. Announcer todays big number, 9,946 is how many points the dow has lost this year, now on pace for its worst year since 1931 hows the it department liking the now platform . Every time it takes care of something for us, we celebrate. How often does that. Got it. Servicenow the smarter way to workflow. New york city overtaking seattle as the top u. S. Hotspot with over 5,700 new cases. New york city is now the new coronavirus hotspot in the United States with 27 of all tests coming back positive far surpassing the nationwide average. Officials are hoping to flatten the curve testing the treatment using the blood of patients who already recovered. The governor made an announcement after touring the convention center. Florida imposes a quarantine for those coming from new york and new jersey after facing growing criticism for his lack of action in the case of the pandemic i counted eight people outside on my way here today i think people are heeding the warnings lets look at some of the top dow gainers. Verizon higher by more than 7 boeing up by more than 7 and American Express adding more than 6. 5 . So. Lets talk. Edward jones. Its time for investing to feel individual. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Stocks look to rebound in a big way following another day of steep losses as President Trump tries to start the u. S. Economy despite warnings of the contrary and the senate fails to agree on a stimulus package moving forward. A ballooning demand for Hand Sanitizer. Talking to the ceo of one Cosmetics Company doing just that this is tuesday, march 24, 2020. This is cnbc welcome back, im Courtney Reagan live at the Nasdaq Market site in new york city. Stocks are set to surge at the open we are right now at limit up we cannot move any further this comes after a really rough day yesterday. The dow industrial average up about 5 is just about 929 points s p is at 102 points and the nasdaq is higher by 331 points all of this after the Federal Reserve unveiled new tools yesterday to help stave off an almost certain u. S. Recession. The fed announcing a virtual qe program for buying Mortgage Backed securities. It will now purchase important bonds and Corporate Bond etfs that track the Investment Grade corporate debt market. That means the fed is buying like i shares or vanguard longterm corporate etf. Right now, moving in opposite directions the i share bond etfs are higher more than 2. 5 despite the feds announcement yesterday, ultimately, another rocky do you with the dow closing at its lowest level since 2016 on pace for its worse month since 1931 worldwide with plenty of positivity in europe and asia. Matt taylor is in singapore and karen is in london reporter as we came in and started the day, the u. S. Future showed sharp gains that really helped in north asia, japan rising for a second day up more than 7 . You can see 1,200 to the upside. The softer yen around the 110 level. The kospi in south korea was the standout performer up around 9 of the close. It was the biggest percentage gain for that index in one day than we have seen since october 2008 shanghai was the laggard hubei at the epicenter saying it will relax travel restrictions there tomorrow the city of wuhan will have to wait until april 8 hong kong, also a strong performer. Saying it would shut down that city to all tourist arrivals today, the market up about 4. 5 . Back to you. Impressive moves lets get to karen tso in london with how markets are shaping in the early going. Reporter unlimited bond purchases. Kiwi, Corporate Bonds. European stocks, stronger from the outset we drafted some of the highs early on from germany, the number 34. 5. The flash number from march. Down to about 52 on france 29 level forever services. The market came off the level we saw in some indices. Looking at the individual markets of germany, 5. 5 we also saw the easy bounce. Investors are hartened by the news a drop in the death toll for the second day uk waking up to lockdown new restrictions today high by 8 can you see individual sectors fall on the boards puma announcing 1,400 staff were switched to shorter hours until midapril. Ryanair also expects most flights to be grounded from today. It does not expect to operate any flights in april may, that is up to the governments advice. Well go to washington now where the senate failed again to push through the nearly 2 trillion stimulus bill amid continued objections by the democrats. Nancy pelosi is introducing her own 2. 5 trillion bill delaying mortgage and car payments for americans. Eamon, where are we . Reporter we are in no mans land now democrats said they are close to a deal late last night giving some indication they might be able to get this across the senate line. The question is about the house bill if they pass in the house, it will take time to reconcile with the senate bill. They sit behind closed doors and iron out the differences, which could be significant between the two measures yesterday, the president expressing optimism that he might be able to issue some orders to restart the u. S. Economy as early as next week. The president not putling a time line on it but expressing frustration from medical professionals and the cost this has had on the economy if it were up to the doctors, theyd shut down the entire world. You are up to almost 150 countries. Lets shut down the entire world. When we shut it down, that will be wonderful and lets keep it shut for a couple of years you cant do that. Especially the number one economy in the world, by far number one economy in the world. You cant do that. It is bigger problems than the original i talk about the cure being worse than the problem we cant have the cure being worse than the problem the president expressing skepticism of the advice from the medical professionals and he doesnt want to hurt the economy. The president saying there could be more deaths from depression and suicide. The president not putting a time line on this i was texting with a senior official asking if he wants to reopen the country by the middle of april the official texted back, sooner than that. Interesting stuff there we need to let some of the medical data dictate the timing. Stick with us. President trump is stirring new debate over the virtual nationwide shutdown as you mentioned. The president saying the u. S. Was not built to be on lockdown. America will again and soon be open for business, very soon. A lot sooner than three or four months that somebody was suggesting a lot sooner we cannot let the cure be worse than the problem itself. Lets bring in tony and former white house secretary under george bush. Also a cnbc contributor. Tony, well start with you we played a couple of sound bites there from the president hes certainly very in tune with what is going on we are in an unprecedented time. What do you think we should be doing here and what should be the messaging to a nation of people who dont know what to do here lets be clear, none of us are happy about a shutdown of co