We will bring you those numbers as soon as they get the hit. They may very well impact markets. We will look ahead to jobs number coming up. Job losses could hit 47 million and Unemployment Rate could surge to 32 . Jim bullard is here later this morning, more on jobs, action by the Federal Reserve and what if any rebound we can expect from the crisis. Interview coming up at 7 00. President Trump Pushes Congress to pass 2 trilliondollar infrastructure bill now to help boost the economy along the road to recovery. The president says the bill willing very big and bold. Meanwhile this, the death toll in new york city has surpassed 1,000, mayor bill de blasio joining the call for help as more makeshift hospitals are created. This as more states go on lockdown this morning, mornings with maria is live right now. We want to check Global Market s. Dax index in germany lower by 277. Factory activity in italy contracting at the fastest rate in 11 years. 40. 3 and french factory activity calling falling. In asia red across the board. Worst performer was japan down 4 and a half percent. 7year low in japan. Oil prices falling this morning after declining better than 66 in the First Quarter. It was a rough one. Crude oil at 20. 25 a barrel. President trump says u. S. Officials will meet with leaders from saudi arabia and russia to try and stem the steep slide in price of oil. Lets check yield. Down again this morning. This after largest First Quarter decline since september 2011, the yield on the 10year sits at. 613 , thats down 6 and a half basis points this morning. Now on the latest on the coronavirus this morning, breaking overnight, deaths from the virus here in the United States have topped the 4,000 mark with more than 189,000 confirmed cases in the u. S. President trump issued a grim warning yesterday. I want every american to be prepared for the hard days that lies ahead. We will go through tough 2 weeks and then hopefully as experts are predicting and us predicting after studying so hard, we will start to see light at the end of the tunnel. Maria the president Trumps Coronavirus Task force projecting 100,000 to up to 240,000 deaths across the country. The president said we are entering a tough 2 weeks. The u. S. Surpassed china in cases as well as the number of deaths, but there are, of course, questions about the tally that china has given us. New york remains epicenter of the outbreak in the United States meanwhile. In new york at least 76,000 confirmed cases, more than half of them in new york city, more than 1700 people have died across new york state. President trump is calling on floridas governor to allow a dutch cruise ship with coronavirus patients on board to dock in port everglades. The holland ship, the Holland America ship is due to arrive tomorrow night, 4 people have died and several others have tested positive on that ship. Governor ron desantis is opposed to allowing passengers leave the ship saying his state does not have enough resources to treat the people. More than a dozen spring breakers tested positive for the coronavirus after returning from mexico, the university of texas saying that the students were part of a group that chartered a plane about a week and a half ago, all of the students on the trip are now selfisolating. Spring break es facing harsh criticism. Coronavirus deathal no the United States surpassed 4,000 overnight, follows stark warning from President Trump that americans will face a tough road ahead. We are going to go through very tough 2 weeks and as experts predicted and those who have studied it so hard, you will start to see light at the end of the tunnel. Maria white house officials share newing grim data projecting that the outbreak could kill 100,000 up to 240,000 americans and that is with social distancing guidelines in effect. Joining me Dagen Mcdowell, michael lee and Jon Hilsenrath, thanks for being here, everybody. I dont know about you, dagen, but i feel like that was one of the darkest intros, the darkest conversations that the president has had just yet. Yesterday saying that we are entering a very, very tough two weeks. It was frightening to hear him talk like that. Dagen its important to hear the leader of the country speak on issues, most important crisis that the nation is facing essential in my lifetime but i will point this out, statistics should be frightening. If you were watching dr. Birx, the mountain with no intervention we could be facing 1 and a half to 2. 2 Million Deaths and quite frankly for a lot of americans thats what its going the take, its going to take scaring them. Even in new york city, epicenter, you still have people who are not following the guidelines. I saw 3 separate men yesterday spitting in the street. One man outside of this building spitting, one man pulled down a mask and cleared his throat and spit into the street. People are not following social distancing and they are crowding one another and when the ship coming people shoulder to shoulder watching. Again its going the take something frightening to change peoples behavior. Maria what frightened me was dont go outside. Its in the air so much that they dont want us to go outside because its in the air. I think that it says or can be airborne but not going outside. I felt that that was a new element to all of this. Maria not to go out for air is frightening me. Dagen i can quickly answer that. The problem is not you but other people. I think you to worry about how somebody else might combo your personal space. They will not keep 6 feet away from you. You go to a drugstore, few businesses that are open you have to be careful about people giving you enough space and distance. I experience that all day long every day in new york city as if seeing people die isnt enough to create better behavior. Maria Jon Hilsenrath, time when some of the biggest bills like rent, mortgage payments are due, april 1, jon. Jon yeah. Yeah, you know, i think the president was right yesterday to try to prepare the American Public for a very tough couple of weeks. You know, i actually had the same conversation with my own kids on sunday. You know, telling them that we have to brace ourselves. I dont know if we needed to put out the frightening numbers that went out there but i do think the country feeds to brace itself and, you know, frankly theres different ways to react. It is frightening but its also a moment i think for people to draw in their own courage, to draw their own resources and to help communities and help the families and thats another way to react and i think we have to look for ways to do that. In terms of the economics of this, yes, this is going to be a very difficult couple of weeks economically. We have the april bills come and due, we have rents, we have a lot of people losing jobs who are trying to tap to Unemployment Insurance systems to pay their bills. I think that the government has lost a lot of programs that are now starting to fire and we will have to find a way to get through it. Now i would echo what the president said, we have to brace ourselves, you know, we are talking about truly historic moment in American History and we have to pull together as families and communities to get through it together, thats where we are right now and thats what we have to do. Maria yeah. Michael lee, any strategy from you as we approach now the quarter. This is the first day of the Second Quarter and we know that the Second Quarter has been talked about as being a serious contraction, contraction estimates go all the way up to 20 contraction in the Second Quarter. What are you expecting and what are you doing in terms of strategy now . Micheal i think the Program Lending program and when you add that to 260 billion of unemployment, initial Unemployment Insurance plus 3 billion to American Public that will soften the blow. Is program that start on friday is gamechanger and help a lot of people hold onto jobs. I think its going to be a very effective band aid in this downturn and this is one of the times that congress got it right, 900 billion and some multiply e effect to add to our economy. Jon maria, can i throw something out there. Maria real quick, jon, then we will go to break, go ahead, jon. Jon i think this is going to be a tough moment for landlords and bond holders because their payments arent going to come through and we have to watch the credit markets very carefully. The fed is doing a lot to prop them up. I am seeing some positive signals that they are functioning in junk bond markets and Investment Grade markets. Thats really what we need to hold up over the next couple of weeks to get through this so that, you know, the bond holders and landlords dont start really falling under the pressure of all of the missed payments. Maria absolutely. We will talk about the credit markets coming up. We are just getting started. We have a lot coming up as dr. Dr. Mikhail varshavski. Dr. Mike. President trump says its going to be a painful 2 weeks. Cyber guy, kirk, how to keep your Online Meeting secure, 7 00 a. M. Hour dont miss James Bullard, why he says we will see unemployment skyrocket. Plus henry shine, ceo on 15minute coronavirus test. We will have louisiana congressman Steve Scalise on how new orleans is grappling with covid19. And texas senator ted cruz on what congress may do no another potential stimulus package all ahead coming up. We are on it. Back in 2minutes time. Every step is clear, theres nothing to stop you from moving forward. Actions to help prevent the spread of respiratory diseases. Wash your hands. Avoid close contact with people who are sick. Avoid touching your eyes, nose and mouth. Stay home when you are sick. Cover your cough or sneeze. Clean and disinfect frequently touched objects with household cleaning spray. For more information, visit cdc. Gov covid19. This message brought to you by the National Association of broadcasters and this station. Of broadcasters apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com i am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. Maria welcome back, we are looking at another tripledigit selloff this morning. Take a look, futures indicating the markets will extend the worst quarter performance since 2008. This morning first day of Second Quarter. The dow poised to cut more than 600 points at the open as you can see selloff underway on the heels of firstquarter downturn which saw major indices down 20 . Dow down 23 over the First Quarter. The s p 500 not far behind, down 20 . Coronavirus rattling investors certainly. Dagen, jump in here on markets because at some point markets will get enough clarity to start understanding what growth looks like but at this point we are trying to navigate a recession . Dagen right, deep recession and jon im curious to hear what jon has to say about the additional help, how the markets, particularly the credit markets are functioning a little bit better but we dont really cant see to the other side of this, the investors cant see right now which businesses will still exist and im talking particularly about restaurant chains and major retailers are two of the most hardhit areas, but despite all of this stimulus, the sba loans that are 350 billion of grants and loans and loans are coming out on friday, Unemployment Benefits, the checks, 30 billion in check sent by the irs, all of this plus what the Federal Reserve is doing, plus the additional money to the treasury to backstop lending by the fed, all thats is just to get us through this. Its not stimulus, its rescue money, its aid, we dont really know what the other side looks like. Maria yeah, which is why they are talking about a fourth package. Even the president talked about Infrastructure Spending yesterday. We know that the speaker wants to do an infrastructure package or some package, jon, as a fourth relief package. Jon yeah, let me say two things, one thing on the next package and what this looks like on the other end. In terms of the other package theres actually a lot of agreement here between the left and the right on the merits of ramping up Government Spending right now so Interest Rates are extraordinarily low. As you said in intro10year. 6 and you can make the argument that in an environment where Interest Rates are low you can afford to borrow the money and pump it into the economy to get it back to something that looks like a normal growth rate so theres a good chance that we could see yet another program. In terms of it looks like at the end. Its separating the weak from the strong. Companies that have strong Balance Sheets, have resources to get through this and at the same time same way that have access to digital economy, the amazon of the world are actually potentially getting stronger instead of weaker so we see macys laying off thousands of workers but amazon ramping up hiring. In terms of what this is going to look like, the stronger will get stronger and the weaker will get weaker and its figuring out what are the businesses that have models that are sustainable through this crisis and which ones were just kind of too weak to make it. Its a lot of maria on that note, youre absolutely, jon. I want to bring in Global Advisers dominic tavela on that. Dominic, you are talking about investors buying into Corporate Bonds and how the issuance of Investment Grade bonds in the u. S. Hit 73 billion last week, 20 higher than the previous week, speak to that because thats exactly what john is talk about, the companies that are issuing Investment Grade debt. This had become a major problem, maria. The spread, the markets had frozen up. The Federal Reserve stepped in and provided liquidity in this market and that really is going to help the situation Going Forward. If a company cant issue new debt then they are really out of the game so we actually had exited the space early on in a month of march and then when we looked at what the opportunity was we actually reentered the space on friday. Maria michael lee, what do you think about that, is that something that youre interested in . I think the amount of new debt issuance on this last quarter was Something Like in march was Something Like 273 billion which considering we are in a Global Financial crisis and Global Pandemic is something thats thats truly amazing. Im curious to hear what dominics clients are and the feedback hes getting through the mess here. Dominick when the president gets up and talks about quarter thousand people are going to maria yeah woman my reputation was trashed online. I felt completely helpless. My entire career and business were in jeopardy. I called reputation defender. Vo take control of your online reputation. Get your free reputation report card at reputationdefender. Com. Find out your online reputation today and let the experts help you repair it. Woman they were able to restore my good name. Vo visit reputationdefender. Com or call 18778668555. Nothe xfinity my account app puts you in control withe. Digital tools to give you the help you need when you need it. Get fast and easy answers with personalized help 24 hours a day, 7 days a week. Change your wifi password to a phrase thats easy to remember. Even troubleshoot your services on your own. Were working to make things a little easier for everyone. Download the xfinity my account app today. Maria welcome back, Vice President mike pence visiting a Walmart Distribution Center in virginia today. Hell thank the company for keeping up with the supply chain during pandemic virus certainly anybody with a fever above 100degrees walmart says they will be sent home with pay, walmart is also offering employees masks and gloves. You know, i think this is one of the really incredible stories throughout all of this, mike, given the fact that youve got business really stepping up trying to either ensure theyre keeping employees safe or, you know, doubling down on antivirals and vaccines. We had Johnson Johnson ceo on yesterday. Ford motor making ventilators, whats your reaction . Mic you love the see the private sector stepping up and i think walmart will be one of the few companies that thats a winner to this crisis. Remember, we went into this with strongest labor market potentially in the history of the United Sta