Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents in seven counties told to shelter in place. Stay home. On the medical front, a breakthrough by regeneron creating antibodies to prevent and treat the coronavirus. Trials by early summer. Thats the status we have right now. Ash is with us. More sporting events postponed . Go on. Ashley in euro 2020, the big soccer event in europe thats supposed to begin in june, lasts a month, that has been pushed back a year to 2021. Stuart i believe there is another sporting development. Ashley yes. Stuart nothing to do with the virus. We will handle this right now because a lot of people are interested here. Ashley tom brady announcing on social media hes not going to be returning to the new england patriots, says in a line here, i dont know what my football future holds but its time for me to open a new stage for my life and career. There you go. Tom brady, no longer with the new england patriots. In the middle of all of this. Stuart thats interesting. It is a virus day and thats about the only nonvirus news item we think worthy in the first hour of our broadcast. Tom brady not going back to the patriots. Got that. Okay. Susan, come in, please. Susan li. How are gyms handling the virus . Susan closing down. They are shutting down. We heard from the governors of new jersey, new york and connecticut saying they had to shut down by monday evening. According to some of these web sites, they wont reopen until march 31st at the earliest, from what i see. But mayor de blasio sneaking in a last minute gym session before, of course, those closures taking place. Getting a lot of heat saying do you really need to hit the gym when people are supposed to be social distancing and arent you supposed to set an example for the people of new york . Ashley yes. Stuart well said. Thats taken off on social media, i think. Heavy criticism right there. Can i just pick out one item here of virus news which i think has the biggest impact. That is mcdonalds. All mcdonalds closing their dining rooms. That came as quite a shock to me this morning because thats a source of cheap, plentiful eatin, get out food but you cant eat in. Thats going to be very apparent all across the country. Do we have dr. Siegel with us . Is he with us yet . Is he . Yes, he is. Dr. Siegel, we are all in different studios, all trying to keep that social distance. Not quite sure who is where. Glad youre with us because i want to know the latest on regeneron whach regeneron. What have they got . Hows it going . I accidentally went into that studio. I thought that was a robot in there. I didnt know it was you. I thought it was ashley. Stuart very good. Get on with it. Regeneron is working together with sanofi on a drug thats a Monoclonal Antibody. Thats a whole new way of thinking about viruses, can we target a specific antibody at the virus. It has moderate impact, i would suspect, but in this case, this situation where we are seeing a lot of severe cases, i think thats very good. Im optimistic about this. Im glad they are in the game. Stuart is this both for treatment and prevention, this drug from regeneron . More for treatment but you bring up an interesting question. It could be used for prevention in someone at high risk. For example, if you are in a family where someone else in the family had gotten it and you were at high risk, i would be all for giving it because its pretty well tolerated. Stuart it says weve got early testing, testing by early this summer. That still seems a couple months away. They got to look at safety but this is a drug they have used before so i think they can speed that up. I would hope they can get it out by late spring. Stuart the whole process has been speeded up for this, hasnt it . We talked about it yesterday, how theres a vaccine where they skip the animal trials, not entirely, but in terms of efficacy, and they are going right to human trials. Thats also occurring if germany where they have a vaccine candidate they are speeding up. Look, when you have a pandemic strain out there, you know what it is, its that its a virgin population where theres no builtin herd immunity to stop the spread of this. Thats why its accelerating. This, by the way, is an example of how important vaccines are. We dont yet have the vaccine and we dont have immunity so thats why its spreading so quickly. Thats why we are using all these draconian techniques to try to slow it down. Stuart in the health sense, we need a test, treatment, vaccine. Thats what we need. Are we making give me a judgment here are we making real, Real Progress on all three areas . I think we are making Real Progress in all three areas, but the progress isnt fast enough. You just made a really good point. I want even more progress quickly in the treatment area. Even if it just slows down severe cases. Because we can use drugs that are already proven and used for other things. I mentioned chloroquine yesterday. They have been using that in south korea and china. Thats a malaria drug. Thats already on the market. Remdesivir is already out there. It failed for ebola but we are doing a Clinical Trial on it right now. Thats got to be done very very quickly. Now this. We need to throw a lot of weapons at this thing. The vaccine, we cant speed up as much as you want, because we are going to end up giving it to millions of people but i have one suggestion. If we get it through phase 2 Clinical Trials by summer, we might be able to suggest using it in very high risk groups and in Health Care Workers who we are seeing today are getting infected by the droves more and more. Stuart we will get back to you shortly. Futures show a gain of 280 points for the dow industrials but remember, we were down how many points was it yesterday . 3,000 down yesterday. Im not going to call that much of a bounce. Scott shellady is with us. Scott, everybody is looking for the bottom. Have you seen the bottom yet . I would be remiss to say that i could say the bottoms in here. Weve still got more bad news, still got all the hysteria out there. As long as weve got the panic reaction weve got to what i call a panicdemic, who knows what could happen. You have seen the gyrations overnight with just the futures market. Who could ever say the bottoms in. Its been a weirdly orderly like selloff, too. I havent had that panic feeling or when we get a mass flush so who knows. In five years time it will look like the bottom. Right now i cant tell you on a daytoday basis. Stuart the president says this will forcefully and powerfully support Industries Hit by the virus. We have confirmed treasury secretary mnuchin is working on 850 billion rescue package, talking to Senate Republicans about that today. If we get the mother of all bailouts, trillions going to industry, maybe trillions going to individuals, whats that going to do for, a, the economy and b, the market . Nothing. Stuart nothing . I think its wasted money at this point in time. I would like to see them be involved in the game, but stuart, until you could put a Million Dollars worth of gold bars at the end of some of these peoples driveways and its still not going to get them out of their house. Why do they think cutting Interest Rates and emergency overnight is going to make a difference . All the money you can throw at it in the world, you have to solve the virus problem because its a psychological issue. Not a money issue. Stuart wait a second. There are millions of people in this country who are not now drawing a paycheck. Theyre not. Right. Stuart theres nothing wrong, in my opinion, with the government pushing money out to those individuals. Forget about industries. Pushing it to individuals who need to pay the rent, who need to pay the mortgage, theyve got to live. Surely theres nothing wrong with pushing out the trillion there, is there . No. I will go with that. Their mortgage and those types of things. But they are still not going to leave the house to spend it to put it back in the system. Stuart but eventually they will. Eventually they will. Stuart got to take care of the basics first. Thats the function of government here. I agree but they need to solve the virus before anybody is going to really start seeing that money go through the system. It will stop and get clogged along the way and wont do what they want it to do. They need to save their bullets because we going to see a lot more of an economic pandemic than we are than we do right now. Think about it. We just had all the bars and restaurants close in illinois. Think about all the people thats going to be affecting. Think about the guy that i know that just bought a weeks worth of food the day before the government told him he cant open up now. Think about the restaurant workers and the guys that are washing the dishes. On top of that, 247,000 hotel rooms will be lost because they canceled four conventions at mccormick place. Think about the people who clean those rooms, all the people who drive taxis to get people around. We are on the cusp of some bigtime economic problems and our governments wasting all their bullets right now trying to get ma and pa kettle out of the house. Stuart i hear you, scott. We will return to this debate because this is going to be the powerful debate we are going to have over the next few days. Its going to be politically very contentious. Scott, we will bring you back a bit later on. We want active coverage here. Kristina partsinevelos, shes in ardsley, new york, just north of the city. Do i see a line outside of a Grocery Store there . Kristina yeah. I would say whats now about 25 people, people have been lining up as early as 7 20 a. M. Eastern time here and you can see the reason they are standing in line early is because they are either a little bit older, you have to be about 62 years old to stand in line early, or you might have a weaker immune system. The whole point of this toys avoid coming into close contact with people and being able to shop. I would just like to point out its even sanitizing all the carts as people walk in. This is what happens when you have a familyrun business. Lets go in the store. Youve got eight stores in the county. People have come early. I know this man, i saw you standing in line, what do you think of whats going on . I think theyre doing a great job and ardsley is being really cool about everything. The manager has been working very, very hard and hopefully everything works out in the future. Kristina thank you. Enjoy your shopping. People have come early, they have opened up the store early at 8 00 a. M. So those that are a little older can grocery shop, not have to worry about the massive crowd and they are stocking. This store is completely full at the moment. They have been working, that man over there is rushing, hes going so fast right now. They came in at around 3 00 a. M. In the morning. They said they are constantly getting restocked goods. This is an important point for a lot of people to remember because theres been so much panic hoarding that shipments are still coming in. Theres lots of toilet paper here, because i know for some reason everybody seems to be stocking up on that. But right now, at this location, and all of their other shops as well, they are just trying to accommodate. Thats the key. I have been speaking to a lot of shoppers here. They love the sense of community and that they are making an effort to open early. Its not just here, there are stop n shop locations from 6 00 to 7 30 a. M. Eastern time, also open early for the elderly or anybody with weaker immune systems so they can maintain the social distancing. Stu, i will end on this. I want to highlight, across the store there are these signs encouraging people to stay three feet away and avoid any type of contact just so they dont get sick. Thats really kind of the manager and the store here, just to encourage people, let them know they are aware and literally wiping down the carts, that kind of service i havent seen in quite some time. Back to you. Stuart kristina, thank you very much. Im sure we will be back to you later on. Joining us, newt gingrich, former house speaker, of course. Newt, i know you are in italy. I want you to compare what they are doing in italy to what we are doing so far over here. Well, first of all, i think the Italian Government once it understood how big the problem was, has moved with remarkable speed and decisiveness. The Grocery Stores here are full but they have very strict rules about how you go in, make sure you dont get too many people in at one time. People have been very good about lining up outside, staying apart physically and then going in in an orderly way when somebody comes out, somebody else would go. The only stores that are open are Grocery Stores, pharmacies bega and gasoline stations. This is a country [ inaudible ]. There are a huge number of restaurants, they are all closed. They are very social people but they have all buckled down and the last two days for the very first time, [ inaudible ]. They havent peaked yet. The real efforts at physical distancing are beginning to pay off and [ inaudible ] hong kong, singapore. It may start working here. Stuart newt, im afraid we have a hard time hearing you. Its not a clear line. Im going to break off for a moment and hope we can reestablish a much better connection. Let me summarize whats been going on so far this morning. The dow industrials with a very, very modest bounce. Up maybe 200, 300 points at the opening bell. Thats a gain of, what, about 1. 33 after a 3,000 point drop yesterday. Im going to say that is not much of a bounce. Susan is back with us. Susan, ulta, what have they got . Susan they are closing down their stores effective today. They will be shut until march 31st. They are not providing an update in terms of an Earnings Report because obviously, you lose sales when you dont open up your stores. I was checking in on sephora, their competitor owned by lvmh. They havent announced any store closures but have announced they will reduce some of the instore beauty pavilions they have inside, so no more instore Makeup Services because of coronavirus. You would imagine a lot of these retailers should be impacted, nike, apple, lululemon, under armour, that are shutting their bricks and mortars. It should show up in the earnings, you would imagine. Stuart i would imagine so. Ulta closing they are up 3 at 165. I guess the market kind of likes that action. Mike huckabee is with us, former arkansas governor and fox news contributor. Governor, a lot of states still have bars open and this is st. Patricks day. You think thats responsible . Not really, stuart. Unless they can prove that alcohol cures the virus, i think its a very irresponsible thing because people are going to be touching glasses, touching counters and doorknobs and it seems like if mcdonalds is closing, this is sort of americas premier institution, then i cant imagine that there is some healthy decision to keep bars open. I do think one of the things we are seeing is these are decisions largely being made by local authorities. Thats the right thing to do to keep it local, closest to the people, and then we will see how these decisions work out and we will have a real clear model for what is and what isnt the right way to go about it. Stuart we seem to be moving very rapidly towards more and more restrictions placed on meetings and individual contact with each other. It seems like we are getting much more restrictive by the day. I dont see that i dont see that turning around at all. Do you . I do not. I think its necessary because we dont have a cure, we dont have a vaccine, we dont know where its going, i dont think its peaked out. Thats what the medical professionals are telling us. When you have a pandemic, the only way you can contain it is to keep it from spreading by keeping people from each other who are strangers and who may be unintentionally affecting others and infecting them. Thats why these very harsh measures are in place. Nobody likes them. Its very awkward for us as americans who love our freedom and liberty and ability to travel about to be told we cant do things, go places and all of our institutions are closing, including sports, but if we dont do it, the consequences may be worse. I think the leadership on this has been exactly the right tone. Stuart thats interesting. I watched the president S Performance yesterday. His tone was much more firm and he seemed to be trying to get out in front of this with more restrictions. Hes saying look, avoid groups of ten people or more for 15 days and it may last through july and august. Hes more out front with it now. He is. Hes setting the template but hes also letting the governors of the individual states make a lot of the detail decisions about schools, about specific institutions. Most governors have already practiced what would be called tabletop exercises, what to do with a pandemic, which roads to close. If they have to seal off their states, how do they do that, how many people does it take to get that done. These are things that are planned years in advance. So the plan is in place. Its a matter of activating it. I think states have to make that determination. How bad is our situation here. But let those decisions be made closest to the people being affected and thats a better model and its exactly what the president is doing, and i think that kind of leadership is the right approach. Stuart i believe you are in florida right now and there will be a primary in florida, and also one in arizona later on today. I think the results of that primary have to be skewed because the turnout is not going to be that strong, especially amongst older peop