Backfire. It is tuesday, february 25th. Fbn a. M. Starts right now. Cheryl were a little shaken up after yesterday. Today is a new day. Welcome to fbn a. M. Good morning, im cheryl casone. Lauren its looking a little better this morning. Good morning to you at home. Im lauren. Cheryl lets take a look at how your money is moving on tuesday after the dow suffered the worst point decline in more than two years yesterday. We have green arrows this morning, dow up 55 in the premarket, s p is up 8 andahalf, nasdaq up 44. Lauren lets take a look at commodities this morning, oil prices are down, 51, 32 a barrel, gold is giving back 23 at 16, 53 an ounce. Yesterday was the highest settle for gold since 2013. Cheryl prices spiked on a flight to safety yesterday. Were seeing a bit of a loss on the yield but a slight loss, just point five basis points on the 10 year. Lauren japan is back open, the nikkei ending in the red, down 3. 3 today. We do see gains in south korea making a comeback there as well as in hong kong. Cheryl nice to see for the kospi there. Taking a look at germany after yesterdays 4 drop for that market, there is actually red arrows on the dax right now. As you can see, weve got red arrows for the ftse and cac as well. Our top story continues to be the coronavirus, the death toll from this outbreak has grown with more than 2600 people now confirmed dead, at least 80,000 confirmed cases worldwide including 53 now in the United States. Meanwhile, the fda stepping up to ensure the quality of foreign products by increasing inspections of all imports coming in from china. Lauren Aishah Hasnie joins us live with the latest on this deadly virus. Aishah, good morning. Reporter good morning, lauren and cheryl. Lets talk about the dow, recording the worst day in two years as the coronavirus spreads around the world. It dropped over 1,000 points monday, the third worst single day drop in history. The s p and nasdaq also falling by more than 3 . Dow futures suggesting markets will climb back up today. We saw the green arrow this morning, in part because of a potential new vaccine. A drug maker moderna shipped vials of the vaccine to government researchers and a Clinical Trial could happen as early as april. The white house is taking steps to stop a potential Global Pandemic risk, requesting 2. 5 billion from congress. Vice president mike pence says the administrations priority right now is the safety of americans. We immediately instigated screening at five major airports across the country. We required people to participate in quarantined to ensure that the coronavirus doesnt make its way into the United States. We first and foremost have taken unprecedented action to protect the health and wellbeing of the american people. Reporter thats what the vp says. Democrats, though, say its not nearly enough. House Speaker Nancy Pelosi slamming the president as hes overseas right now. In a tweet overnight, she wrote, americans need a coordinated fully funded whole of government response to keep them and their loved ones safe. The president s request for Coronavirus Response funding is long overdue and completely inadequate to the scale of this emergency, she says. Now, health and Human Services secretary will appear before the senate and the house this week, likely to face some questions on the money to be able to fight this outbreak. Right now, though, again, just a check on this, more than 80,000 cases are confirmed worldwide, lauren and cheryl, 2600 people have already died. Back to you. Lauren aishah, thank you very much. Two more major u. S. Companies are warning about the impact of the virus on their bottom lines. United airlines, that stock tumbling more than 3 yesterday, shares of mastercard plunging more than 4 and of course the cruise lines devastated yesterday as well. Cheryl well see how the stocks perform today. Now a fox business alert for you. Quote, the u. S. And India Partnership is stronger than ever before. That is from President Trump and actually he is speaking right now in india. Lets take you to some live pictures. He continues his twoday trip to india. We believe weve got live pictures. If not, we have kevin cork standing by live in new delhi where the president is right now and were looking for some pictures of mr. Trump. Kevin stand by now to President Trump. We know many of you have invested. We thank you. Thank you very much, mr. President. Youve made us even richer. But the fact is, other than yesterday, which was something pretty bad with respect to the virus and well see what happens. I see the futures are up today, up fairly substantially. But thats very serious thing but we think were in very good shape in the United States. Weve essentially closed the borders to areas where we had to close them and we had very few, we took in 32 people over the last two days because they were sick and theyre americans and theyre great people, you know, what are you going to do. Theyre in quarantine. But we had essentially 12 people, many of them are Getting Better now. Soon theyll all be better, we hope and were watching carefully so weve had a good stretch of lets just say were fortunate so far and we think its going to remain that way. Chinas working very, very hard. Ive spoken to president xi and theyre working very hard and you know anything about him, i think hell be in pretty good shape. Theyve had a rough patch and i think right now they have it it looks like theyre getting it under control more and more. Theyre getting it more and more under control. So i think thats a problem thats going to go away but we lost almost 1,000 points yesterday on the market and that is something you know, things like that happen. And you have it in your business all the time. Had nothing to do with you. Its an outside source that nobody would have ever predicted, if you go back six months or three months ago, nobody would haveeve have ever predicted. I think its going to be under control. I think for our country, for our country its under control. We do business with a lot of other countries. We take care, we work with other countries, we want other done troys be happy, healthy and well. Theyve got to be happy, healthy and well, its very simple. And so lets see how it all works out but i think its going to work out fine. I hope so. Were working very hard. Were spending a tremendous amount of money also on we asked for 2. 5 billion on getting everything ready just in case something should happen and also helping other nations that arent equipped to do it. With that, its an honor to be with you and if youd like to ask some questions and how much you should invest in the United States of america, ill tell you where to invest and how to invest. We did a lot of business with india where theyre buying 3 billion worth of helicopters, great helicopter, we make the best military equipment in the world, by far. And the Prime Minister actually said if you were president 30 years ago, wed have all your equipment but they started buying many years ago from another nation and others and now theyre starting to buy from us. So thats an honor. But were up to a pretty high number. Well be up very quick throw a pretty high number and we do make by far the best and they want to have the best so thats what we do. Thank you all very much. If the press wants to stay for a couple questions, you know, were going to be having a News Conference at 5 00, so you can go to that. Or you can stay and hear some of these questions from truly some of the greatest Business Leaders anywhere in the world. Now, if youd like to do, i could do this, steve, i could read the book for you and we could have a nice beautiful little speech and well take five minutes and youll fall asleep and they might find it interesting, i dont know about them, but you guys have heard it before. Please, if you have any questions, please. Okay. Lets go home. We must have done a very good job. You want to Say Something about the Energy Business . Please. I expect that very near future were going to have a new energy deal and so far [ indiscernible ] sounds nice. Sounds like a trump rally, actually. [ laughter ] were actually saying hello to the embassy people. In the last two years weve seen a remarkable uptick in the purchases of u. S. Oil and gas by india and when the president was elected in 2017 that number was approximately 25,000 Barrels Per Day of crude oil. It is now over 250,000 Barrels Per Day, 10fold increase, and we expect it to significantly get better from here. Its going up very, very rapidly. Thank you very much, dan. Really a great job. Where is robert . Yes, please. Id like to hear why some of these companies have decided to invest in the United States. Okay. Would anybody like to say . Go ahead, please. [ indiscernible ] good. [ indiscernible ] great job, yeah. [ indiscernible ] which to you is more important, the tax cuts, we did massive tax cuts or the regulation cuts . Both, both. Ive had a lot of people in your positions running the Biggest Companies in the world saying the tax cuts were very important but the regulation cuts may have been more important. Regulation cuts are more important [ indiscernible ] thats fantastic. Thank you. Thats great. I heard that you were doing that and i really appreciate it and ivanka appreciates it. She wanted to get 500,000 people jobs and if you know her, within about two weeks, she had that one done. And i think youre up to over 15 Million People being trained by great companies, some great companies, walmart was very much instrumental and some of the companies in this room. Yeah. Theyve done a great so its up to 15. I dont think government can teach jobs like that. In other words, you teach something and its complex stuff, government is not equipped to do that. We could put all the money we want into government to do it and theyre not equipped to do it so thank you very much. Thats fantastic. Great story. Thank you. Yes, sir. Mr. President , you talk about regulations, i want to confirm that [ indiscernible ] we invested 1 billion and right now were on the short list, a decision could come by the end of the year. If that comes through, we will happily put in another billion. Very good. Youve done a great job. So when are the bids due . When are they due . Were told sometime around august. How many vans is it that youd be making . About 180,000. Wow. Thats a big business, isnt it . We were told that [ indiscernible ] thats right. Guess who makes right hand drive diesels. Well, good luck. Thats great. Thats good luck. Yes, sir, please. [ indiscernible ] venture for new drugs for therapy. Sure, sure. Mainly on the healthcare side, how do you see Companies Like ours [ indiscernible ] healthcare is very important to the republican party, i will tell you. We havent been talk about it, weve been doing. We got rid of the individual mandate which was a disaster in obamacare, which ended obamacare. Were taking the shell of obamacare and really running it well. I had a choice, i could run it well or i could run it poorly. Then everybody would be upset and theyd blame president obama. We decided to run it well. But we would like to terminate it and put in great healthcare. We can do that. When you look at single payer, when you look at what byrn berne sanders and others want to do for the democrats, its not going to work. Its not going to be good even if it did work and its going to be totally unaffordable. Ive been pretty good at markets. The fact that theyre even looking like theyre in the hunt i think drives our stock market down. When we win reelection, i think we will, when we win, i think the markets going to go up, its going to be like a rocket ship, like last time, but even more so. I think the fact that the democrats are so radical, so out of control, they honestly dont know what theyre doing, you see whats happening, they want to tell you about healthcare and yet they cant count their own votes. Now theyre even saying that if you look at nevada, and thats all messed up with the vote count and some of them are questioning the votes but certainly iowa, ive never seen anything like it and ive been watching politics for a long time, been involved with it now for a while and ive never seen anything like it. But i think the fact that theres an election coming up, i think a lot of people think were going to win the election. I feel were going to win the election because what weve done for jobs and for the military, for the vets, what weve done for healthcare, what weve done for healthcare is incredible including giving options to obamacare at a far less cost, a cost thats much less. But if you look at all of the things that weve done, rebuilding our military, the biggest tax cuts in history, regulation cuts, that brought all you people thats why youre in the United States and youre very happy and youre going in with more. But i think until the election is over, people and its not just bernie sanders. Its others too. I think if people thought that there was a real chance of them getting it, it really is going to keep the market down. The markets been up 7o 80, 90 , you can look at 16 different definitions, but the countrys been incredible. It had one bad day, that was yesterday. Futures are up today a little bit. When you look at what weve done in terms of the percentage, even taking 1,000 points off, the numbers are incredible. If the other side had gotten in, i think it would have been 50 or 60 points down from where it was. Because the big thing, again, these regulation cuts, they were going to put more regulations on. You were being strangled, whether the keystone pipeline, Dakota Access pipeline, 48,000 jobs between the two of them, nothing was getting done, nothing was going to be built. It would take you 20 years to get a highway approved, take you 20 years to get a roadway approved and it was out of control. We have that way down, that number is way, way down. And they may not get approved because if it doesnt work from a safety standpoint or an environmental standpoint, we dont want to get it approved either. Were not going to let them have it approved. Its going to end up taking two years, were trying to get it down to less than that. If it doesnt work, at least youre going to find how about working on something for 21 years and you find out it got rejected. Half of your working life, of course nowadays with people retiring so early its more than half, right, but half of your working life youre trying to get an approval. And then after 20 or 21 years, they reject you. They reject three to two. That happens. So weve done a real job. But i think that frankly until the election is over, our market, its phenomenal but our market will jump thousands and thousands of points if i win. If i dont win, youre going to see a crash like youve never seen before. I really mean it too. Okay. Anybody else . Yes, sir, please. [ indiscernible ] i actually follow you guys, what youre investing. [ indiscernible ] that was one of the things i said. I pot little note in handwriting, you have to make the pipe in the usa, right. They said sir, this will take two weeks. I said no, it doesnt. We had a little problem because they already bought the pipe than was a little bit unfair to them, i thought. So we had to sort of let them do what they had to do. But they had bought much of the pipe and Dakota Access pipeline was already built except for the one rifer are aver car rivert i freed up for them. Thats great. Is that what you do . [ indiscernible ] thank you very much. Thats very nice to say. I appreciate it. Thank you for the investment. Yes, sir, please. [ indiscernible ] right, i know that. Yeah. Some of the regulations have to go through what they call statutory process where you started to cut we have the secretary of commerce here and wilbur knows exactly what this is all about. You have a statutory process, so were going to cut regulations but we have to give a 90 day notice, then we have to give 120 days, then we have to give 30 days. Were in that process right now with respect to a lot. Were going to cut a lot more regulations and were going to also have regulations. You need regulations for safety and environmental. No president has ever cut anywhere close though what weve done and ive done it in three years and some of them have been for eight and in one case more than eight. No president has come close. But we are in statutory environments where we have to gowe have one where we have to wait six months before we do phase two and theres four or five phases and theyre all in a pipeline to get cut and theres a certain period in about seven or eight months from now where a lot of them are going to be gone. But we go through the process. But youve seen a big difference. Thank you very much. It will only get better too. Yes, sir, please. [ indiscernible ] yeah, big one, 7 billion. Big one. [ indiscernible ] right, exactly. [ indiscernible ] s. Youre doing 4g. Are you going to do 5g too . [ indiscernible ] huawei. Thats good. Good. Put a bid in. I have to thank you for your leadership, not only like for what youve done in the u. S. , in india we would have never imagined the income tax rates have come down in they followed us. All of us in the Business Community are grateful and i think that [ indiscernible ] right, right. Theyre getting approved a lot quicker. Theyre getting approved. [ indiscernible ] it will be as long as im here but if the wrong person gets elected that wont happen at all and everything will come to a halt and your Unemployment Rate will go up to 8 or 9 or 10 and a lot of bad things will happen and that it is holding back, theres no question about it. I mean, i think were favored to win, somebody said 65 . But 65 means theres 35 of something that people dont want and it would be devastating because the economys never been as good as it is right now. Its being held back by the that we have an election coming up. I dont think theres anybody on the other side thats going to be very inspirational. Certainly doesnt look like it. So well see what happens. Great job youve done. Fantastic. Yes, sir, p