With second largest point gain on record. Up 1,173 points yesterday for the duh industrials, that was 4 and a half percent. Nasdaq was up 334 points. About 4 . The s p 500 also higher by a quarter percent with a gain of 127 points. Coronavirus, crisis continues, california declares state of emergency as the number of patients in the golden state rises, the house passing 8. 3 billion bill to bat it will virus, the senate due to vote on that today. United and jetblue cutting flights to the United States, all that coming up. Samestore shelves, heared out of clorox and canned soups. Senator Bernie Sanders releasing ad barack obama praising him and joe biden hitting back and Mike Bloombergs expensive run to the end and is Elizabeth Warren coming next . Mornings with maria is live right now. Maria we begin with another volatile day in markets this morning. Take a look at markets overseas as we sea big selloff in the u. S. Cac quarante in paris down 91 and dax index in germly lower 120 points. One and a third percent. Many asia overnight markets took a cue from yesterdays performance on wall street. Volatility is wild. Best performer was hong kong up better than 2 and shanghai composite in china up almost 2 . China allocating nearly 16 billion in coronavirus related funding. The yield on the 10year treasury looks like this. Look at the yield continuing to go lower below 1 again. The yield has been falling for 10 consecutive trading days and, of course, people look at this and say is this an indicater of recession on the way, the yield. 96 , below 1 this morning. Oil prices, check the price this morning because opec leaders are meeting today. Pressure is mounting for significant cut in production as the coronavirus hits demand and as you see oil all the way down to 46. 58 a barrel. We were just talking about 52, 53 on oil. Top stories that we are watching this morning, california and Washington State, each declaring a state of emergency due to the coronavirus. 11 people are now dead in the United States according to cdc. Meanwhile a cruise ship being held off california after a man who sailed on the ship last month died from coronavirus in california. Thousands of passengers may have been expose and cdc will check passengers once the princess docks in San Francisco. More than 3,000 deaths with more than 95,200 cases of coronavirus across the world in 79 countries currently. Facebook making adjustments due to the virus this after the social media giant revealed an employee who worked in Seattle Office contracted the disease. The office is now closed until monday. Facebook encouraging employees to work from home. Its the same story over at motorcycle soft meanwhile where employees based in seattle or San Francisco are being encouraged to stay home until march 25th and then theres apple and netflix reportedly latest Companies Planning to sit out the south by southwest festival as of now that event is still expected to go on. This is a big moneymake e for the area. A lot of cancellations of conferences happening right now. State of emergency remaining in effect in tennessee this morning. 2 days since deadly tornadoes ripped through the national a the victims range in 2 to 67. Officials say 21 people remain missing. The storm widespread damage shutting down highways, knocking down power to thousands of customers, flags in the state being flown half staff. President trump to visit the area tomorrow. General motors tune of 20 billion, unveiling new products and show casing an improved battery pack, reveal meant to assure investors of the companys commitment to taking on tesla. Stock this morning down along the rest of the market down 1 and a half percent on gm. Coronavirus concerns. Medical screener at lax, Los Angeles International airport has tested positive for coronavirus. It is unclear if the person contracted the virus at work this as 2 u. S. Airlines are cutting back on flights and on spending. United airlines will reduce 10 of domestic flying next month and 20 on international routes. Jetblue says its Cutting Service by 5 and closely monitoring booking trend to see if more reductions are required. President trump weighed in yesterday at the white house. I think where these people are flying its safe to fly, large portions of the world its safe to fly. We dont want to say anything other than that, and we have closed down certain sections of the world and they closed them also. They understand that and they understand it better perhaps than anybody. Maria joining the conversation this morning moodys capital john lonsky, dagen mcdowell, steve forbes joining us as well. Great to see everybody this morning. Good to be with you. Maria the president has to walk this balance ensuring hes not creating panic, dont fly stay home but ensuring the people understand the severity of this. My sources tell me we will hear many, many more cases, hundreds of thousands of cases in the United States. Thats not to panic anybody because the majority of these cases will be okay, youll just go through treatment, there are therapeutics to treat this but its scary, cancellations across the board. Dagen its not just Leisure Travel but really corporations telling employees dont fly. Just this week ford motor employs 2,000 people told people to stop international and u. S. Domestic air travel and and use Video Conferencing instead. More than half respondents to survey they said they didnt know when travel would resume. Maria thats why we are seeing volatility in the markets, john, 3 banks over the last week, no Earnings Growth for s p 500 in 2020. Wow, that follows no Earnings Growth. What we are hoping we see improvement once the virus is over. Once the greatest impact has past and thats why the fed has to keep Interest Rates low to at least provide some needed support. Maria yeah, its interesting to look at expectations for the next fed meeting. The fed cut rates 50 basis points and theres actually a big expectation that we get another cut on march 17. Dagen wall street journal did ad, his analysis, why the fed is likely to cut again. Maria 60 chance that is we will get another cut in 2 weeks. The fact of the matter is its not going to help very much. Whats hurting is the uncertainty of the virus and the key things is in terms of the markets, its not just the earnings prospect now but what the trend will be later this year. Things will start to move up once this is over which eventually it will be. If things move up you will see rebound in the market. Markets anticipate the future. Maria theres so much stimulus now that when we get through this its going to be real positive for the stock market. Even in january, some of the numbers were good in january before this thing really hit. The strength of the economy is there. Lets talk 2020, Michael Bloomberg backing out, throwing his joe biden behind joe biden after spending more than half a billion dollars in his campaign. Watch this. I entered the race for president to defeat donald trump and today i am leaving the race for the same reason. Defeating donald trump is uniting with the best candidate to do it. That candidate is my friend joe biden. Wow, people really thought with all of the money he was in it for a little longer. You have to have a theme. 4 years ago thought oh, how donald trump would do it, he had aspirational theme that poem related. What was Michael Bloomberg running on, he didnt like donald trump and great manager. He went left ward. Senator cory booker, home state of new jersey once seems as moderate, went far left and we saw on super tuesday most democrats, maybe they are left but they are not far left. Dagen i said this all along eventually people would have to hear the man speak and it would be beyond advertising on television and radio and on the internet. I can look like Kim Kardashian photo with enough filters and i can shave my body using apps, thats what this man was. Hes the dude who goes into a krispy kreme and eats pizza rolls, my father texted me and said he eats that pizza like hes used to being fed by someone. Maria he ate with knife and fork. Dagen no, he was in the box. He was carrying the pizza and my dad was like maria he was using his hands. Dagen he doesnt associate with regular folks. President trump it was the magic moment where he would get off the plane on the campaign trail and says where are you getting subs, guys. Maria this is something that we have talked about many times. The candidates need policies. They need to actually tell us what they will do for the American People. Just coming out and saying i want to take down donald trump its got to be positive. People want that positive. Dagen disavowed the policies that worked in new york. Maria a lot coming up. As you can see we are fired up. We are looking at companies that are actually seeing a boost as americans prepare for this virus and actually there are a couple of them so we will show them to you this morning. We will speak with former nypd commissioner kelly coming up. Wait till you see. Triples pointing to tripledigit loss. We are getting into it next. Twit near a flash. Tweets that disappear in 24 hours. Dream job, find out how you can get paid to watch the office. Back in a minute maria could be another rough day at the office. Nasdaq down 150 points and s p futures right now down 54 points. Of course, the volatility has been wild. We had a major rally yesterday on following joe bidens super tuesday win. Dow industrials was up, 4 and a half percent. Nasdaq was up 334 and s p up 127. Coronavirus fears are driving the market lower. Joining us specialist steven reed. What do you want to do in a day that you see the market like this and in the face of all of the volatility the last couple of weeks . As hard as it is you need to stay calm and be patient and time to reassays longterm investment goals an not just change those based on where the market is but really think about how much cash do you really need to keep especially in light of the lower Interest Rates and then put together a plan, put together a Shopping List and be patient and look to selectively buy the dips. I still like a lot of technology and Healthcare Companies out there. I think Equity Income looks very interesting now especially given where rates have again. Maria buy Dividend Companies . 3, 3 and a half percent and focus on quality. You have to be prepared for the market to go lower. We are not trying to call the bottom but buy companies in sectors that you wont be unhappy to own if the market does go down another 10 or 15 from here. Maria 10 or 15 , wow. Maybe im setting bar low and then have a plan to add if we see another 5 or 10 from there, i do thinks 2 months from now the market will be higher. How do you find people reacting to your advice . People wonder should i get out. Yeah, it really varies client by client. Im based in switzerland covering clients in the middle east. To now people are calm, we have seen some people rotate and we have been buying a lot of gold and thats helping our portfolio. Volatility can be your friend. Theres opportunities where you can say, look, i will get in a stock lower and wait in the meantime. Important to stay calm and keep longterm investment objectives close in mind. Maria worth noting that the market has not had a good reception to the emergency rate cut. The Federal Reserve comes out and cut rates half a point. Fed chairman jay powell admitted on tuesday that a policy move will not fix all coronavirus issues by the way. Yeah. Maria watch this. Recognize that rate cut will not reduce rate of infection and wont fix a broken supply chain. We get that, we dont have all the answers but with we do believe that action will provide meaningful boost to the economy. Maria do you agree with that . Dagen yesterday reported about the refi activity, we are seeing reaction to lower rates, look where we are in 10year. Everybody wanted a rate cut and we got it, wow, thats scary. We havent seen since 2008. Maria exactly. I will take it. I would rather see them be proactive to cushion the downturn in the economy but wont cure coronavirus and make Lending Conditions easier and help companies that will not cure dagen mornings with [laughter] i didnt see it. How do credit quality compare with 2008 . Much better. People forgot that we were starting from a wrong place. If we do have a recession i think it would be a shortlived recession. We will recover from it. Thats why we are selectively buying the dip. Maria the market will be higher one year from today. We will have probably no growth in the shortterm in terms of profits but in the second half and end of next year a recovery. 401 k plans hold . Hold if you have cash to work. Maria great to get your insights, welcome home for a couple of days. Thank you, good to be good. Maria coming up recall alert, ikea recalling dresser that could put children at risk. Bernie sanders confusing new ad, is this an endorsement . We will take a look. Stay with us. I dont see it. 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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 ] some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Bernie is somebody who has virtue of saying exactly what he believes, grate authenticity, fearless. Maria that was president obama endorsing senator vermont Bernie Sanders or not, new Sanders Campaign using obamas words sanders is regrouping after super tuesday that saw former Vice President joe biden surge ahead. This is exactly what Michael Bloomberg did, dagen. He had an ad with president obama saying all the nice things about him and obama team said it wasnt an endorsement. Are they trying to say its an endorsement but its not really a endorsement. Dagen this is not an endorsement and effort by the Sanders Campaign to essentially troll joe biden and the people working for him saying, where is barack obama, why hasnt he come out and endorsed you, why hasnt he come out with any support. I think we have made it very clear in this program that hes not plan to go say until anything until a nominee is picked. Its looking increasingly that Bernie Sanders will win the nomination even with the small deficit after super tuesday, hard to come back and joe biden is getting the votes out. Look at virginia, turnout was almost double what it was 4 years ago, young people in 5 Southern States didnt come out, didnt vote for didnt even vote in the primary. Again, the whole bernie argument is falling apart. This looks desperate to me. Maria this is getting uncomfortable, okay, because president obama is sitting out endorseing anybody and Vice President there in lead, joe biden and by the way, obama endorsed Justin Trudeau in canada, so whats the deal . I think he still has delusions that somebodys name who has not come in and wants to stay good on everybodys side. Maria hillary or michelle . The latter. Dagen michelle is not going run, number one selling memoir of all time. Theres no way on planet earth, on mars, on pluto that Michelle Obama is running for the presidency. She hates politics. Did you see her face during inauguration a little more than 3 years ago, she couldnt wait to get away from those people. Joe biden didnt need me, he might need some help fund raising which that money will line up but he doesnt need president obama. You have so many people, hillary is looking into the mirror, john kerry, im ready to do it. They all have the illusion and obama is wise to stay on the side. By the way maria i dont know if he should be using voice in ads, thats misleading people. Look at what bernie did in vermont, he got barely half of the vote. It was a pathetic showing and he knows hes in big trouble. Dagen biden won maine. Biden won maine and second in massachusetts. Maria when are we expecting Elizabeth Warren to step down . I think the biden people want her to stay in. Maria corona virus is boosting companies, some companies, we are looking at which ones are