Clothing so i can see your real faces. But in my heart you are the loveliest people in the world so what you should do now is to firm up confidence lets firm up our confidence together we will definitely win the battle. And well win and china will win. Meanwhile iran struggling to contain the spread there have been more than 7100 acted and at least 237 people have died that number is believed to be much higher now unlike italy and china iran has not placed anyone under quarantine the u. S. Is also working on how to combat the spread of the virus and Vice President mike pence announced Insurance Companies have now agreed to cover copays per coronavirus testing. Please you reported as you requested mr president the Insurance Companies here. For today. To waive all copays and coronavirus testing. Extend coverage for coronavirus. You know your benefit plan and your medicare and medicaid last week already made clear to Medicare Medicaid beneficiaries that coronavirus testing and treatment would be covered these private carriers extended as well currently the us reported 761 cases the death toll now at 27 but the number is expected to skyrocket as close to 1000000 testing kits will be administered across the u. S. By the end of this week. And a day after all had its worst day in nearly 30 years markets are on the rebound on tuesday the International Oil benchmark break crude in the United States west texas intermediate jumped by at least 10 percent each at times throughout the day now the movement eased concerns of oil traders who saw it. 24 percent drop on monday following news of a breakdown of talks between key opec player saudi arabia and russia on lookers were hoping for a deal to cut production in order to stabilize oil markets ravaged by the coronaviruses effect on travel Russian Energy minister alexander no back said the country has not ruled out further talks with opec and announced the ministry will meet with Russian Oil Companies this week meanwhile equity markets in europe remained in the red although not seen as big declines as we witnessed on monday asian markets were up on tuesday and here in the u. S. Markets started strong with the dow up nearly a 1000 points as President Donald Trump spoke about a possible stimulus for americans we are going to take care of it have been taking care of the American Public and the American Economy we are going to be asking tomorrow were seeing the senate going to be meeting with House Republicans which mcconnell everybody is discussing a possible payroll tax. Cut for relief substantial really very substantial relief that some think thats a big number and now just prior to broadcast were hearing reports that the president pitched a 0 percent payroll tax rate to lawmakers in a meeting tuesday afternoon as the day went on the dow dropped a nearly even and maybe a little bit in the red at times before ending tuesday up more than 1000 points so for more on the turbulence in the market were joined by Todd Bubba Horwitz chief strategist with bubba trading of course we need some sensible takes here for me but today lets start with this market turmoil were currently seeing around around the world but really here in the states as well tuesday started with the dow jumping a 1000 points only to briefly go negative like i said and then closing up on the day almost a 1000 points what is happening with the markets. At a consistency at all lately. And well i mean the bottom line is were going down ok the bottom line is the markets are lower were going lower. Or and you get these amazing rallies when people are trying to figure out where the bottom is and i think weve got a long way to go before you find that bottom but what happens is we in the trade the rip your face off rallies ok so you had the market sell off the bears got happy for a minute a little bit over short and the markets came screaming back this is all this will to soon fade when you see rallies like this this is a sign that the actual selling is not over yet and again i expect to see much lower prices showing up in the next few days and these rallies will subside and of course this is the its the last stand that some of the bulls are trying to make to get in because they missed the entire move and of course typically that does show the top and thats what this kind of action usually produces is the top of the market which i think weve already seen. Well theres always a reason there always reasons them place for this Market Movement that weve been seeing whether its politics that intervention oil wars whatever it may be the coronavirus of today we saw markets move with the prospect of some fiscal stimulus in the way of the payroll tax cuts now proposed by President Trump but do you actually see this happening and what it create any confidence in the market. Well lets be clear about one thing 1st of the markets react far before the news ever gets their markets are much more afraid of fission than the the new cycle because a by the time we hear the news its already baked in the markets for the most part the stimulus package certainly would help the markets again but the bottom line is long is the fed continue to try to manipulate rates theyre going to the markets are going to try to go higher but theyre not theyre seeing that there are some panic in the fed know when they made their market cut last tuesday that showed a sign of weakness by the fed not strength so what were really seeing here is reaction and what investors need is a good excuse to do something so the coronavirus came and there was there 1st an excuse but the price action was in place long before investors finally started to get involved so again i think this stimulus package could help it might believe the markets will well but the overall underlying economy as ive said for months now were in the very early stages of recession and its going to get worse before it gets better and thats why youre seeing a lot of this action thats why youre seeing russia and saudi arabia trying to put the u. S. Oil companies out of business and were going to get to russia and Saudi Arabian oil here in just a minute but i did what a follow up on that regarding the fed i know its when your favorite organizations you come on the airwaves and you talk positively about it many times by of course im saying this in jest but but were talking about another possible rate cut we might see it as soon as next week President Trump is out there tweeting hes saying bring the rates to 0 and something hes. Consistently studies even talk about negative rates now telling the move that far with the rate cuts i mean are we going to see this rate cut and youre saying it doesnt help anything anyway just makes things worse right. I agree i think big is terrible ok look i think President Trump is 100 percent right with his logic listen remember hes thinking as a businessman and as a businessman a rate cut helps everybody and well you know the bottom line is that you know we issue a treasury bond people are buying that money were paying the Interest Rate so in the in the going environment we could lower rates to a quarter because people are going to flood their money into our treasury market because every else is negative but in real market terms it shows a weakness because again were the leaders we should not be cutting which should show the strength we have especially with the underlying economy but were not doing that this is this is again why the fed should be put out of business because they dont understand nor are they for moat the free market system the markets will tell you a rate should be all theyre doing now is that the banks get over level drugs again theyre creating the next big collapse which oby another 40 to 50 percent haircut theres a market when it starts to come to this to start could be i dont know but it will be create another major problem because theyre allowing things to get over leverage meantime all the the predatory or higher rate lenders are making a fortune because the banks are buying all their loans because theyre paying these guys 3 or 4 basis points and the banks are to those loans which are not good loans to begin with so this whole things that eventually blow up in this much this manipulation of money is a farce well before we go i do want to move on to to the oil industry where it rebounded a little bit on tuesday after the worst day in nearly 30 years now some of that is on the back of the Russian Energy minister Alexander Novak saying that moscow is actually open to talks with opec at the end of this month before the deal expires after 30 arabia no longer. Starting to produce more oil as they have said breakdown of what happened with the oil market in the last 48 hours for us. Over the oil is in a bear market thats number one ok so the initial panic that came in on sunday night ok was it was based on the fear of what might happen there but again what that what theyre trying to really do if you think that they they dont really have a plan here this is more public b. S. As far as im concerned theyre dying to put the fractures out of business if they get bush or oil low enough ok where these loans good call and all this funding that sadir to help these small fragger is continue to pump oil which way the United States the number one producer in the world that will create a problem and thats their plan there is no way to make a deal before and theyre going to continue to try to keep the pressure on oil and push lower but the mean than the market itself once 60 has come straight down i mean were down almost 40 percent from the overall highs and it looks like we go lower im sure were going to test that 27 low again before we get any real kind of this is a natural dead cat bounce after a 12 hour 10 or 12 point drop in oil youre going to see a bounce i mean just like the stock market was in about say for how much we did know that it was going to bounce Todd Bubba Horowitz fed cheerleader in chief strategist above the trading thank you so much for joining us today. The coronavirus continue to have a major impact on the Airline Industry this is as Major Airlines are extending waivers for changes and now even cancellations without that hefty fee well Airlines Start down at year to date for multiple carriers include delta united and American Airlines united and delta now theyve both said that they plan to reduce life across their Networks United airline holding c. E. O. Oscar munoz and the president scott kirby said that they will not be taking any salary until at least june 30th a southwest c. E. O. Gary kelly planned to take a 10 percent pay cut but. Also also announced that it would place a hiring freeze across the Company Offering voluntary leave options its not bookings for as much as 25 to 30 percent as they expect their situation to become much much worse but american said it plans to cut domestic a pass me by 7. 5 percent in april and international by 10 percent for the upcoming Summer Season now theres a rule right now across europe that requires airlines from outside the continent to fly 80 percent of their thought if not they lose them to their competitors out there are empty airplanes taking the skies but airlines are now expecting a bounce back to take months if not more as the corona virus continues to spread west i mean how ridiculous is this by the way when were looking at a crisis that is happening or will prices are already down economies are faltering and we actually have empty planes flying across europe just to meet a requirement so that way they can hold their night while the u. K. And theyre having conversations as to whether or not this will continue because of the situation how is it that how is this even possible theyre holding you know theyre flying ghost planes not only like you said the the fuel costs but the cost of these empty seats and the workers theyre already cutting back and asking people to voluntarily take leave and then even asking people are offering people discussions on early retirement i mean it is insane because we have no idea how long this crisis will last you know i mean as of right now we can just see it spreading throughout the world and its anticipated that at some point well slow it will be able to move forward here 2020 but at this point we really dont and if it could come back or not again there remains a lot unclear unknown so absolute will keep on it time now for a quick break but here because when we return its no secret that many of the worlds supply lines run through china but how will things fare amid the Recovery Process well break it all down just on the other side of this provo as we go to break for you numbers at the close. Good food descriptions. Even for the owners so how to choose his pet Food Industry is telling us what to feed our pets really more based on what they want to sell us than was necessarily good for the pet turns out may not be as healthy as people believe we have animals that have you know diabetes in arthritis they have auto immune disorders allergies we are actually creating these problems its a huge epidemic of problems all of them i believe can be linked to a very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making it a 1000000000. 00 on it and theres no reason to do that research. Is your media a reflection of reality. In a world transformed. What will make you feel safe. High salacious community. Are you going the right way or are you being. Direct. What is true what is. In a world corrupted you need to descend. To join us in the depths. Or in maybe in the shallowness. Of social and i as a nation from which social mean to us and investors. I say oh shes a mother for free youve got bored of the Children Food for. Your mom happens. Never to try to predict. The problems. It was because the global world d was going to have to close to this incident you always do odds most of us have the displeasure of us moving in this part of the family and youre fighting. Over for some half. Of the left just the fortunate enough for the 6 months because of the sound. The impact of the coronavirus continues across several sectors as china is struggling to reopen factories across the country in just the last decade china has become the Worlds Largest exporter and World Bank Data shows that in 20000 it accounted for one 3rd of global trade and the Technology Sector took a big hit since the start of the coronavirus apple for example expected to lose more than 400000000000. 00 but as of this week all but 4 of apple stores in Mainland China have reopened this was after a prolonged shutdown that was caused by the coronavirus i phone maker foxconn reopened its doors last month and it plans to open at full capacity by the end of march the Auto Industry another sector thats facing the possibility of supply disruption many factories near ruhani still remain closed hondas chinese manufacturing hub just in the Southern City of gangs restarted partial production on february 17th but its still running below capacity if plants dont go back to full production soon Vehicle Assembly lines across the world risk a slowdown and at worst even shutting down so for more we bring in jeanne of the Miami Business School john quality film thank you so much for your time theres a lot to dive into starting with the Global Supply chain thats been disrupted weve already been warned several times time and time again since the start of this and as i mentioned china accounts for one 3rd of Global Exports for 20000 that is how long before we see china operating at full capacity and is there a timeline for this. I dont think as a firm timeline the timeline will vary by industry but i would expect it to be extremely unlikely that we will see a return to full capacity and full production before july of this year there are several reasons for that one is that all of the factories closed have to be recertified before they can be reopened secondly theres the concern that too precipitous a return to work bringing many workers whove been stranded in different parts of the country back together in a factory could result in a 2nd wave of infections and if theres one thing the chinese dont want to do its to be too aggressive in restoring the economic engine the expense of a Public Health risk which no one wants to take and then i think the 3rd factor is now the level of demond that would be evident in the export markets in the west because now were facing a demond slowdown potentially in the western markets as a result of the consumer a lack of confidence all drop in confidence and thats going to affect the dumond as employed imposed on these factories so it in a curious way the slowdown in western countries is actually going to run in parallel with the gradual ramp up of supply in china and now weve seen across several industries and companies have already seen disruptions in the supply chain as we just talked about the Tech Industry in the Auto Industry as just mentioned our big effect affected as trump would say i