The tape that 83 people in long islands Nassau County are being monitored now for exposure to the deadly coronavirus. Now weve got multinational corporations today from nestle to ericsson asking employees to work from home or skip traveling all together. The dean of the Miami Business School who ran the China Europe InternationalBusiness School is here in a fox business exclusive on how he sees the economic and business spending impact affecting some of the stocks you own. Our power panel is here as well to tell you whether you should buy china during this outbreak. Yeah, there are some chinese stocks you should be scooping up. Plus disney investors asking themselves how a low profile dark horse executive suddenly grabbed the reins of the mouse house. We are about to tell you how he did it. It is a classic tortoise and hare story. Wait until you see what the hare brings to the csuite. Plus, bitcoin dropping below an important key level. Luxurious stock picks to make now. And charlie breaks it on Goldman Sachss big hunt for what . He will tell you. Less than an hour to the closing bell. Lets start the claman countdown. Liz breaking news. We are going to show you what is a live picture of new york city mayor bill de blasio having a News Conference, where hes outlining the preparedness of new york city for the coronavirus. We want to stress there are no confirmed cases in new york city right now, nor in counties next door. But just north of the city, Westchester County has eight people under quarantine and east of manhattan on Nassau County, long island, 83 people are being monitored because they just visited china recently. We are following this very closely but its getting closer and closer to home and whats most important, certainly, is the city certainly here in new york and perhaps where you live making some plans for preparedness. I do, as we look at the dow down 118 points, want to tell you this is just hitting the tape. Norway has just confirmed it has one resident infected by the coronavirus. It is the countrys very first case. That in norway. Even as the markets lose their grip on their mojo, tj maxx parent tjx hitting a record high after reporting strong earnings, also raising its quarterly dividend. The stock is jumping 6. 5 . Tj maxx did admit something we havent heard about in awhile. The discount apparel giant revealed its seeing just a bit more pressure from tariffs. The pressure is off. Short sellers of smile direct club grinning ear to ear watching their bets against the teeth Aligner Company pay off again. That stock is plummeting 29. 5 , 3. 34 to now just 7. 99. An Analytics Firm saying bullish investors earned profits of more than 115 million as the stock sank following a revenue miss. Wall street immediately followed with a flurry of price target cuts. The rating karate chopped from buy to hold on smile direct club. Despite solid new and existing home sales reports, housing sector names seeing double trouble. Home builder Toll Brothers disappointing investors with its First Quarter numbers and its full year guidance. That is also a problem. That stock is falling about 13. 5 . Then the company that helps build some of these homes and fix them up, lowes, dropping to a threemonth low, down 4. 75 after missing on same store sales and also giving a weaker than expected forecast but saying dont worry, the Strong Spring selling season will come back. Bitcoin, lets get to this, it is now fallen below the key 9,000 level. We know there are crypto haters out there. They are gaining strength as the Bitcoin Futures are shaving about 5. 75 off of this cryptocurrency. We are looking at 8,895 per coin for bitcoin. Following two days of a combined 1900 plus points in losses, countdown noticed that it kind of looks like investors are very delicately picking up some beaten down but best in class names. We thought lets show them to you. Because there might be a message here. The baristas of luckin whipping up gains, recovering at this hour after taking quite a coronavirus beating. The stock is up 3. 25 . Remember, multiple stores were shuttered and the fear does still remain that the pathogen will hurt sales growth. This is sort of chinas version of starbucks. While shares are down some 20 after hitting a 52week high, back on january 17th, they are now up 1. 21 to 39. 42. To the chip maker sector. This is amazing. Just a day, one day after nvidia was cut from neutral and david wong downgraded the tech giant titan to reduce overestimated risks from coronavirus i cant speak nvidia is rallying now. A nice move of about 2 . It has erased some but not all of the 9 in losses that it has suffered this week alone. Can we get to the fangs. Talk about a silver lining. Netflix is charging higher by about 4. 75 . Heres why. Some analysts believe the streaming giants new subscriber numbers will rise because of the coronavirus. If the Virus Outbreak worsens, the analysts believe that will force people to remain home, stay indoors and now from these healthier looking names, heres what we started to think. You may wonder, did we really hit the bottom yesterday of the selloff. Well, take a look at this. As of right now, the markets are pricing in a 79 chance that the Federal Reserve will cut rates in june. That is up from just 30 one month ago. So lets get to floor show traders. Guys, is the fed pushing the punch bowl closer to the thirsty masses just as this thing might be bottoming if you look at those best in class names we just showed you . Teddy . Im not sure what the fed will do in june, liz, and clearly the market short term is probably oversold, if not very oversold, but they are not ready yet. Stocks will tell us when they are ready to do better. You have a couple names that are kind of fighting the trend but as long as we are dealing with all these large unknowns, the markets can deal with bad news, they certainly can deal with good news, but these unknowns are really problematic for the markets. We need a little clarity on this whole virus thing and perhaps less negative headlines, if thats possible. The market will get its legs some place. Im not quite sure were there yet. Liz phil, we couldnt hold the bounce. At least not the dow or the s p. And the nasdaq certainly is touch and go at the moment. Its up just about 12 points. Look at the russell. These are the small caps down 1. 25 which is a bigger chunk that has been slashed off here. Then you got to look at the vix which is up about 2. 3 , on top of major gains over the past two days. Give me your sense of whether you are starting to see some, as i put it, delicate stock picking just as some of the dust, not all of it, some of the dust begins to settle . I think we are, i think we will see it. I talked to Chris Robinson before i went on air. He said we are so close to the 10 correction. Traders do listen to that. They are also going to listen to the two year yield which basically is well below the fed funds future rate right now. Thats already signaling not only could we get a rate later, they are even increasing the odds of the possibility we could get a rate cut in march. Its still long odds with 39 , you know, pretty impressive when it was basically zero just a few days ago. You know, i will tell you what, you look at whats happening here, a lot is going to depend i think on President Trump tonight. Look at that tweet, you know, he did today. It caused a huge rally in the stock market, saying hey, listen, things are, you know, under control, we are a little bit concerned about the fake news that we are panicking too much. I dont know if we are or were not but this is going to be a big speech or a Big Press Conference with the Health Officials to try to bring some calm in market. But you got to go back to history, right. We have been through these things before and we have a tendency to way overreact to them. This time could be different but from a technical viewpoint, it probably isnt. Liz well, all of these Infectious Disease outbreaks, if you look at them from the past, about half a year to one year after they calm down, boy, does it look like a buying opportunity there. We are watching it. Please stand by because we may need you back as we are watching the dow. Down about 99 points. A little bit of a comeback here. We are seeing the first cases of the coronavirus officially confirmed now in pakistan. The country of georgia and just moments ago as we mentioned, norway. The virus and its lethal tentacles spreading far and wide, impacting a growing list of publicly traded stocks. United airlines and American Airlines as well as all three of the markets top cruise line stocks are now extending their losses. They are hitting fresh multiyear lows at this hour. Norwegian cruise lines down 6. 75 . Royal caribbean down call it 7 . Carnival, of course, that had the diamond princess that was totally quarantined off the coast of japan, now down 7. 25 standing at 33. 23. Can we talk about apple . Apple is facing investors for the first time today since it issued a warning on the risks of the coronavirus and what that risk poses to the supply chain globally. You know that they get a lot of their parts and a lot of their phones sourced from china but thats been a story of yesterday. What we really need to know is what now. Nothing so far. We are watching the tape closely, has been said about the coronavirus just yet. The Shareholder Meeting still going on at the moment. But apples ceo tim cook did announce the tech giant will open its First Physical retail store in india next year, 2021. Apples stock is up 1. 5 . Nice move there of about 4. 25. Now food and drinks giant warning the coronavirus will cost them millions of dollars in sales, will hurt profits, even papa johns says it has been forced to close some 50 franchised stores in china due to the outbreak. All those stocks in the red. Our next guest in the green because he is the former dean of the China Europe InternationalBusiness School in shanghai. He was just in china, was it january 19th, sir . When the virus started . Yes, liz. Good to talk to you. I was there january 18th through 20th. Lou oka liz okay. We want to welcome you. John, what was it like there . Because we started covering this i want to say second woke in january. We were among the very first shows on any network to be flagging this for a whole host of reasons we dont need to get into. Since then, we started to see the ramping up of real issues here, aside from the human toll. What did you see when you were on the ground there . At that time, liz, there really was no sense of urgency or panic in shanghai or beijing. There were reports about the situation in wuhan and hubei, but its really testimony to how virulent this virus is that in the space of only four weeks or so since january 20th, we are on the verge of the w. H. O. Perhaps declaring this to be a pandemic of a global magnitude. Liz not only did you run this China International school for business, but you also are well in the know about things that involve global health. Do you think the w. H. O. Fumbled this, because more than three weeks ago, it was around january 22nd that we had Laurie Garrett here who wrote the coming plague. She said i cant believe they havent called this a Global Crisis by now. Yes, well, the w. H. O. Of course does have specific protocols and thresholds that determine when it calls a particular outbreak a pandemic. What i do think happened here was obviously the size and scale of china is such that there is a level of influence in terms of w. H. O. Commentary that could have come into play. But i think putting it on the w. H. O. Is probably a little bit misguided. Lets face it, the chinese Central Government was a little bit slow perhaps to understand what was happening in wuhan and hubei. Once they got a grip on that, they really went after it. Liz you have said that if the coronavirus isnt squashed within a month, you will start to see real business effect. We are looking at a whole bunch of names today alone. We saw diageo, nestle saying there are issues they do not want their workers traveling. Thats going to crimp numbers, you would imagine. After the bell we have hotel and travel stocks, marriott. Marriott International Vacations and booking. Booking. Com. Those are names that are highly susceptible to this. Would you expect that we are really going to see just more innings when it comes to this difficult game . Sure. The markets seem to be intelligently discriminating between one stock and another so clearly, the Consumer Discretionary service, travel, entertainment type stocks that are operating internationally, these are obviously suffering along with the airlines. On the other hand, if you think about china, many people are obviously confined to their homes, if not under personal quarantine, under selfimposed quarantine, not wishing to go out into public places, so any service that is delivered online, so the services that are tencent or alibaba, those are actually really getting more business and traction than they have in the past. Liz its almost like netflix, where its moving higher because people are confined to their homes. Sir, thank you very much. Thank you. Liz any time. Disney, the biggest drag on the dow 30. Yeah, the mouse house on shaky foundation, in a move more jarring than the mother daughter switch in freaky friday long time chief bob igers csuite exit. Who is the new successor, bob chapek . Deirdre bolton is about to pull back the curtain on that. Stay tuned. Shall beyond the numbers to examine Investment Opportunities firsthand, like innovations in agricultural research. Because your investments deserve the full story. T. Rowe price invest with confidence. Their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. 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Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. Liz oh, a caffeine boost, with about 40 minutes to go before the closing bell rings, for a second there, and now once again, we are watching the dow try and make a run at the green line here. We did briefly pop into positive territory. In fact, so briefly that it doesnt even show yet on that intraday chart but as we flip over to the s p, we do have some green on the screen. The s p has punched back into positive territory by about two points. We are watching this closely. Nasdaq has added on to what was at the top of the show about seven points of gains. Now we are up about 54. Most investors recognize this guy. Disneys bob iger. Shares of disney have increased under his tutelage more than 400 . Thats when he took the helm as ceo back in september of 2005. As bob iger announced yesterday, he was stepping down as ceo. He will still remain executive chair. Of course, one of the most widely held stocks kind of dumped out, started losing. A lot of investors left scratching their heads, having never heard of this gentleman. Theme parks chief bob chapek, who is taking over as disneys new chief executive officer. Why did he get the nod . And what happened to these two guys, chairman of disney direct to consumer and international, kevin mayer, and michael paul, president of Disney Streaming services. Arent they making such a big deal of streaming and hasnt that helped the stock recently . If disney continues to lean more into streaming, taking on behemoths like netflix, Deirdre Bolton has been doing some digging on mr. Chapek and boy, hes a dark horse certainly. Why did he get the nod over other contenders . Deirdre numerous reasons. Let me take you through them. Hes known as a cool head. He has been with bob iger in some pretty stressful moments and really has become someone that bob iger counts on quite a lot. Hes a very known and talented operator, if you like, and even though to your point he is not necessarily a household name, he ran more than 20 years worth inside disney, three divisions, one of