schweizer, fine book, fine book. promise to read you cover to cover. >> thank you. stuart. stuart: i did for the other one, clinton cash." it kept me awake. my time is up. neil cavuto standing by. it is yours. neil: thank you very much, stuart. you guys got into the coronavirus roiling markets the world over. the deadly virus impacted at least 13 prices. oil prices down 3% on this. slackening global demand expected as a result. airline demand responding with tourist sites are closing one by one across the globe, not just in that region. volatility climbing to the highest level since last october. the u.s. has at least five confirmed cases. they're looking into possible others. grady trimble latest from i will knoy where a woman in her '60s has been diagnosed with the virus. grady? reporter: hi, neil.

she is being treated in isolation. we're told she is in good condition after contracting the virus traveling as those four other patients in the united states did and as you mentioned the cdc provided an update with the latest cases in the united states. it has not increased. it remains at five. all of those people contracted it in china. the cdc monitoring 110 other people who they say could have potentially have the virus. they're continuing with the airport screenings and the cdc is it also considering recommending travel restrictions presumably to china. they say there is still a very low risk of any americans contracting the disease or the virus. they also say there is a very, very low risk of anyone contracting this from packaged goods that may come from china. that is the latest from the cdc the president also offering his support to china. he says we are in very close communication with china, concerning the virus in a tweet. very few cases reported in the usa, but strongly on watch.

we offered china and president xi any help necessary. our experts are extraordinary. meanwhile in wuhan, china, the epicenter of this virus, everyone in the the city is required to stay there in an effort to contain the virus however the mayor told chinese media, five million people left the city before travel restrictions were imposed. to wrap this up, this continues to spread in china. officials there announcing nearly 3,000 confirmed cases. majority of those in or around wuhan. that number expected to rise as the death toll now at 81. neil? neil: grady, thank you very much. to put the death toll in perspective as grady told you at this time, the death toll stood at two, there were 95 reported incidents. china confirming 769 new cases in the past 36 hours. so where is this going? former health and human services secretary under president trump

tom price on all these fast-moving developments. secretary, good to have you. >> thank you, neil. good to be with you. neil: we know it grows exponentially at a double-digit percentage rate every day. that could ultimately slow as it did in cases of the sars virus back in 2002, 2003. that one saw a lot of deaths than we're looking at now. what is your take on it? >> you mentioned there are only five in the united states right now. each and everyone of them traveled to wuhan in china. so they got direct infection from china right there. we haven't seen any human-to-human transmission yet in the united states. it is likely that existed in china, because of the significant increase in the transmission to the numbers. so it is important to be vigilant. it is important to be cautious. the cdc is doing incredible work right now. as the president mentioned,

there is great communication, when something like this happens around the world. not just in china but with all health departments and countries around the world. neil: we got sporadic reports, doctor, that the chinese have not been entirely forthcoming on this they might lately now be responding to the crisis level proportions of this but even now concerns they're not really giving us the real skinny. what do you think? >> that has been true in the past. certainly was true with the sars almost 20 years ago now. they apparently didn't disclose the number of individuals that were infected at this time. however the information we are gleaning from our own patients here is the important information. that is the genome of the virus, the fact it is a coronavirus, the fact it has some resemblance to previous viruses. then the work that can be done about it pharmaceutical companies to make a vaccine for it over a period of time. the information we have right now and the information being

shared as i understand it from our cdc to the chinese cdc from a health standpoint is accurate and is timely. neil: do you, everything with china, remember doing this now in half a dozen cities affecting north of 50 million people who are quarantined. that is the largest quarantine in human heist we know of, sir. >> yeah. neil: do you think there is possibility, remote or otherwise of our having to do the same here? >> when i listen to the folks on the front lines of this, tony fauci of nih. and cdc there is no evidence that would be required. we've seen no human-to-human transmission in the united states. all five individuals here acquired it in china. right now it looks like the risk to americans and folks in the united states is low but that doesn't mean that they aren't being ever vigilant. public health officials are very adept making certain the kind of precautions necessary to be taken are taken so we protect the american people. at this point that doesn't look

like a possibility. neil: one problem i guess, you know this far better than i, the incubation period in the human body can be up to two weeks, a lot longer than earlier thought. someone could hop off a plane in asia, exhibit none of the symptoms that would become readily more netsable couple weeks time. by that time a walking contagion. what do you do? >> that is the fear and concern of folks in the medical health community. when you have infectious disease that potentially can be transmitted before the individual transmitting the disease has some that is extremely difficult to control. that is what folks literally around the world are watching for right now. incubation is between two and 14 days. if folks are transmitting that virus to others before they are symptomatic themselves with fever or cough or runny nose or feeling like they have the flu, then that's a huge challenge.

that's when you begin to worry about transmission if it is human-to-human transmission spreading at rapid rate. that is what gives folks pause here. that looks like what we're seeing in china. neil: dr. price, thanks for catching up with us. >> thank you, neil. neil: the border between china and mongolia has been shut down. you can't go from mongolia into china into the south or china into among goal yaw from the north. we heard hong kong disneyland, the resort closed there as shanghai china. hong kong following that. cathay pacific airways suspended flights to and from wuhan. it will do so indefinitely. hong kong canceled all group tours to mainland china for the rest of the week. you might recall they were going through this on a day-by-day basis.

macao banning operations in and out of the city, a gambling mecca. one of the reasons, casino stocks, entertainment stocks, hotel stocks, anyone with a bit of business there, even a small bit of business there, getting shellacked here. morgan stanley wealth management. does this fit that bill? >> you know, this reminds us a lot of other instances like this in the past, neil. we had the sars thing that hit the market, the bird flu, the ebola concerns we had a couple years ago. all of them were relatively short-term phenomenon. all of them created buying opportunities for investors. this one's a little scarier because of the the the way it is transmitted of what you were just discussing. we pay not know a couple weeks what condition people may or may not have. that creates more uncertainty. a market made a big run. way ahead of itself in terms of

standard deviations and trendlines things like this, looking for an excuse to go higher or to sell off and you give the market a perfect excuse to sell off? is this opportunity for investors? i always felt like the best way to ride a horse, neil, to go the same direction the horse is going and this market has been trending very, very nicely for the last year-and-a-half. so i want to give the market the benefit of the doubt, say, yeah this is a selloff. it will be an opportunity for investors but with one caveat. it can be very seductive to try to buy the market today with the market down 4, 500 points. we haven't really corrected that much. we could go five, 10%. i would urge investors be patient here. it could take a while to play out. it will be a buying opportunity. that doesn't mean you have to go in this morning to buy these stocks. neil: we didn't nearly have as much a market in 2003, 2003 with

the sars virus as we do now. the argument i heard from a lot of market technicians this has much more room to sell off. how do you feel about that? is this all overreaction? i understand how markets after enormous run-up would find an excuse to sell off and ask questions later. what do you make of the comparison? >> i don't like the comparison. the reason i don't like the comparison, is that in 2007, we had financial crisis. in 2003 we had major recession. right now consumers are very healthy. consumers are 70% of the economy. beyond that, look at direction and level of interest rates inflation is very, very low. when i compare yield of s&p 500 compared to the 10-year treasury yield, you have attractive contrast now, where the yield is about the same as the 10-year treasury. that was not the case in 2002 or

in 2007. so -- neil: you mentioned low rates, i didn't mean to jump on you. we're showing the 10-year now which has gone all the way down to 1.60%. obviously a flight to quality there. a flight to quality in gold. how long do you think those flights to quality linger here? >> as long as the uncertainty is continuing to metastasize which it is right now i would argue. you will see this night to safety. that could also include buying utilities instead of growth stocks and things like that and you have a lot of growth stocks that have made gigantic runs and a lot of them will report earnings this beak. i think we have some more volatility in front of us, neil, but i think beyond a five or 10% correction is probably unlikely and if we do get north of five, maybe closer to 10% correction i think it will be a very, very nice buying opportunity. high yield spreads are very

continued right now. bank lend something still going very smoothly. if you look at senior loan officers surveys, credit default prices are not showing stress in the economy. this is one-off event that is a disruptter but i don't think is leads to major corrections in bear market terms. neil: we'll watch it very closely. thank you, my friend, jim la camp calming big picture look at all of this. we're up to 70 countries directly or indirectly affected by this some reporting few cases many as a dozen. china is where all the deaths have occurred. we're keeping an eye on that. we're also keeping an eye on the impeachment trial that resumes today at 1:00 p.m. eastern time. the new dramatic twist in this, revelation that john bolton, in a manuscript for his book coming out said the president did indeed know there was a quid pro quo going on and didn't

dispute that with his former top foreign policy advisor. the president has disputed that characterization but you can bet it is pushing more republicans heretofore haven't been keen on witnesses to at least consider one, john bolton. we'll have more after this. i try to find companies that turn these challenges into opportunities. it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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>> going to be discussing middle east peace. we'll be announcing a plan tomorrow at 12:00. people have been working on this for many, many years i think we're relatively close. we have to get other people to agree to it all. neil: in the middle of all the impeachment trial developments, nothing like talking about a potential middle east deal to be

ironed out or at least introduced to the public. we'll keep eye on that. keeping eye on john bolton's manuscript for upcoming book that was somehow leaked over the weekend to the "new york times," fueling a debate over witnesses, mr. bolton being chief among them. edward lawrence from capitol hill. edward. reporter: president pushing back officially on "the new york times" report, at least leaked transcripts. he never had a conversation with john bolton about military aid officially linked to the investigations he would like to see added. the democratic controlled congress never called bolton as an official witness. "new york times" says bolton outlined conversations between bolton and the president which undermined the notion that the president did not deliberately withhold military aid there is growing bipartisan chorus here now, there should be at least bolton testifying.

list listen. >> it is increasingly apparent it would be important to hear from john bolton. i of course will make the final decision on witnesses after we heard not only the prosecution but also the defense but i think at this stage it is pretty fair to say john bolton has relevant testimony to provide to though of us sitting impartial justice. >> bolton has a lot of credibility, not just among the republicans but on our side as well. he is a notorious note taker. just as helpful, whatever transcript we're talking about here or, you know, the document he has been working writing, i think his words, his notes and his voice would be enormously helpful. reporter: some republicans saying if you call one witness, you have to call the all the witnesses. i think it is important to hear here exactly what the president said about his conversation with john bolton. listen here. >> i can tell you nothing was ever said to john bolton but i have not seen the manuscript.

reporter: all of this is just noise to the markets. the market is not selling off on this, because the outcome as of this point right now, the outcome of the trial is fairly certain related to the markets. this all comes as a "fox news poll" shows that americans believe the economy is doing best it has done in the past two decades. 39% say that the economy is fair to all people. neil? neil: what is weird about that, just as strong a majority want to quick the president out. it doesn't jive. >> it doesn't. it will come down on election day am i better off than i was four years ago? neil: we shall see. thank you very, very much. just as point of reference here, edward touched on it, the house did in fact tried to get john bolton to testify no fewer than three times. many of the house managers come back to say we tried, didn't get him, wouldn't volunteer to respond to a subpoena. maybe that will move the needle here. the bottom line with more

republicans at least entertaining possibility, you heard about mitt romney, susan collins joins that group, you only need two more republicans to be open for that before you have a simple majority that can get the witness ball rolling. then what? go to fox news contributor liz peek. you can make the argument whether it get to witnesses it wouldn't probably change the dynamics here that the president will likely dodge impeachment but it would drag it out, wouldn't it? >> it for sure drag it out. it is wonderful to see "the new york times" and "washington post" seriously because they never have in the past. suddenly now he is an oracle of truth. this is sort of well-timed speed bump in the trial to be sure. i think it is important to note, "the new york times" has not seen the manuscript. banner headline -- neil: but they leaked it? >> they didn't leak it to "the new york times" to anonymous source which described it to the "new york times." neil: you're right about that

clarification. at the very least, would it, would it compel republicans to slow done a little bit? they don't want to lose in the school of public opinion? >> sure of course not. the public opinion i'm sure is swayed by banner headlines, the testimony they think that john bolton will contribute but i think, neil, it is also important, if you read this closely, trump according to this book which we have not yet seen, is asking for an investigation into 2016 election. that is what "the new york times" is reporting. there were, they called legitimate efforts on the part of ukraine people to interfere in our election on behalf of hillary clinton. that is what trump mainly was wanting to investigate. that never is talked about. that has been relegated to kooky conspiracy theory but apparently that is what he was asking for. then, yes, that also led to what happened with biden and hunter biden but you know i think pitfall for democrats here, the

risk is if they actually do bring in john bolton, which i think there is a growing chorus to do, they're almost surely going to ask to have joe biden and hunter biden and maybe some other people like the ambassador and other people thrown into the mix because otherwise -- neil: in other words i give you this if -- >> for sure. neil: that gets back, this would be a market factor i want it pursue with you, regardless people's politics whether they like or dislike the president, should be impeached, not impeached, time is money. republicans were hoping, still are hoping for relatively swift trial, one even ends before the president's scheduled state of the union address on february 4th. if that is in question, then what? they are not only ones that want a quick trial. democrats running for president. bernie sanders wants to get back on the campaign trail and he can't do that. elizabeth warren and all these others. both sides want this to conclude, both sides, they're targeting public opinion. you said it best. this is not about the trial

outcome. i'm pretty sure we know what the trial outcome is going to be. trump will be acquitted but trump supporters want him acquitted in such a way, yes we can throw this in the same hat as the mueller investigation, it was all a hoax, it was all stupid. democrats say he was acquitted because that is because republicans are dishonest. unfortunately the bad thing for markets, the country, everybody, this is really seemmy undertaking. neil: my producers will kill me. you're so good, you opened up ideas. they love the economy. give the president credit for that economy. but same percentages they don't want to reelect the president. i heard a guest in the prior show, this poll sampling skewed democrats, i don't know if that is the case, but it doesn't jive. the numbers are not consistent. >> i think when people sit down, you have to think who elected donald trump? you know, primarily, i think in

terms of swing states, blue-collar workers. are they really swayed by this impeachment effort. i don't think they are. that is what you see in the polling. come up with different polls, different results, basically i don't think trump has lost his support base. that is the election. i don't know how democrats can have it any other way. they will win bigger in california, bigger in new york. i don't think they're going to win in michigan and wisconsin. neil: you don't buy some of the polls in those states because polls missed it last time show he has a battle on his hands? >> he has a battle on his hands for sure but the at end of the day i think at the end of the day, people will sit down, am i better off? do i want people coming in raising taxes giving away a trillion dollars, this or that, i will not do that. neil: we'll watch very closely. thank you very much. meantime iowa caucuses with getting near. campaigns kick into high gear. who is surging in the state right now is a big concern to one guy, former president of the united states, after this.

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♪. neil: let's say not ideal flying conditions. we know there is it is foggy. potential mechanical issues being examined in the helicopter crash that killed kobe bryant and his daughter and seven others. robert gray outside the staples center with how he is being honored today. sir? reporter: neil, thanks so much. fans continuing to stream out to the plaza where they created makeshift memorials to pay homage, to get together and remember kobe bryant and his daughter out here. you can see hundreds of people out here today. last night there were thousands of people. this square was completely packed. this a work day, fewer people coming out. still drawing a crowd out here. not only are they laying flowers and wreaths, bringing signed basketballs. they're writing messages to kobe

outside on the sidewalk here. all broadcast boards have a tribute to kobe bryant, in loving memory of kobe bryant at the staples center. lakers pay the crosstown rivals clippers. tickets for the game going through the roof. fans feel they need to come together. they have not figured out how they will celebrate kobe's life and career. seats are 1000 bucks, triple the price of a game. courtside seats topping 50 grand to get in there per seat. we'll wait to hear how the lakers will honor kobe. we'll look back at his career. he took home $680 million, about evenly split, slightly more from endorsements. household names like mcdonald's, sprite among those names, nike as well of course. he was a tenacious player, a student of the game. those traits served him very

well in a successful venture capitalist career. that spanned six years. he cofound ad firm while he was still playing. kept it under wraps for a while. then he founded a studio. won a oscar for the short film based on a poet. people feel he had more to give in his second act but cut short. kobe bryant died at 41. back to you. neil: the latest film he was working on to be released within weeks. thank you very much, my friend. we'll have more after this. copd makes it hard to breathe

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♪. neil: this is the time you want to be surging one week away from iowa caucuses and right now bernie sanders is surging in some, not all polls but voters are still searching for that ideal candidate. a lot can change. caucuses are volatile affairs to begin with. hillary vaughn is on the ground in iowa asking voters what they need from their future president. reporter: neil, candidates in iowa are making trade a top issue on the campaign trailheaded into the iowa caucuses but farmers stuck in the middle of these trade disputes have a different take on how trade is shaping up in the 2020 race. >> absolutely nothing like

watching your crop grow. reporter: farming in iowa is a family tradition. and for the barred dahl family -- >> this is one of the first tractors that dad owned. reporter: it is a tradition that spans six generations. >> i've been asked, well, since president trump has put these tariffs on you, how does that make you feel? well he didn't. china put the tariffs on my products. reporter: after president trump inked the phase one deal with china, farmers in iowa are worried about the ious they are writing to pay the bills. >> what president trump has done had to be done. we paid the price financially for two years and, it's time we get that trade back. that's what we live on. reporter: china's tariffs crippled crops, leaving farmers to reap over a billion dollars in losses industrywide. even with china's promise to buy

$200 billion in agricultural products farmers are worried it is their reputation as a reliable supplier, that can't be repaired. >> it is more expensive for them. that affects what they think about you. reporter: tariffs have cost iowa's soybean industry, nearly $891 million in revenue. and their pork industries as much as 955 million. but 2020 democrats are turning those million dollar losses into a winning issue on the campaign trail. >> farmers here are not looking for a handout. >> donald trump has taken the legs out from underneath farmers. reporter: the state democratic party says trade is a top issue for voters. >> it is definitely more of an issue this year than many people thought it would be. reporter: one of the leading candidates in iowa, doesn't support trade deals like the usmca that gives farmers in iowa a little relief. >> i think if we're going to be against trade deals, that makes

it a lot tougher in the fall. reporter: is there someone that you are most worried about? >> probably bernie sanders. they all seem to want to give everything away. reporter: neil, tim tells me would consider voting for a democrat about everyone left in the race right now is too radical. the moderates that he liked already dropped out. neil? neil: hillary vaughn, thank you very, very much. hillary vaughn in iowa. where we will be this friday and coming weekend. don't forget our live coverage with the caucus results. charlie gasparino with how this sorts out. this is one of the more difficult states to predicted a knaus yum. say bernie sanders is picking up steam. it is a different race. >> iowa foreshadows the winner in the democratic party. i saw something out there that no democrat president has ever not won iowa right out of the bat. so you know, i guess there is

some of that. neil: bill clinton didn't. he was a favorite son with tom harkin. >> yes, it was one apparently. neil: you're right. it is important. >> it is important. i don't know why the whitest state in the union, literally one of the whitest states pick the democratic party nominee. it sounds bizarre to me. i discount it. one of the interesting things you do hear is less about iowa on the campaign trail, when i talk to wall street dems, more about obama. what the former president really want out of a candidate, and who is he leaning towards? you and i spoke before, if he had his druthers probably buttigieg. mayor pete. neil: like him a lot. >> personally they line a lot like issues left, but center left. but most people don't think buttigieg as a shot being nominee. maybe vice president but not nominee. if you look at main people who have a shot, it is obviously

sanders, it's biden, it's warren and bloomberg because of the money. i know he is not polling. this is what we hear from wall street democrats what obama is saying, remember i broke the story how obama was giving a speech to wall street a couple years back. wall street people speak with him all the time. he is very close with a lot of people. who is at the top of his list, biden with reservations. he does worry whether he has the stamina to do the entire race. number two, would be bloomberg, 53 billion-dollar reasons why. we're talking about some guy that can literally focus on five states that flipped last time, those purple states. pennsylvania, michigan, wisconsin, a few others. neil: the former president thinks that someone like bloomberg could close the deal? >> if he got in there he can beat trump easy because he would focus on those five states with tons of ads. neil: okay. >> number three, i hear, he is starting to warm up to her elizabeth warren.

they were never friends in the past. neil: they had acrimonious past. >> i heard he is impressed the way she conducts herself on the campaign trail. how she distills certain issues. we should point out, warren people let it be known she is not radical than it appears now. she is more of a centrist. i don't know that i believe this. look at her policies. she will accept wall street money through pacs. she is not anti-capitalist. the last guy in the list, we were reporting recently about obama's feelings is sanders. he just thinks this guy is too far. neil: isn't elizabeth warren on same bridge. >> not to obama, not to that extent. it is interesting, bernie sanders -- neil: bernie sanders voters ironically were trump voters if you think about that. >> some of them. it is interesting earlier on, i remember roger stone of all people telling me they were trying to woo bernie sanders

voters in the trump campaign. anti-establishment outsider mentality. he, and i just think obama is not as radical as this guy, obviously not. remember obama didn't nationalize the banks after 2018. neil: right. >> he continued the bailouts. he didn't nationalize, he didn't socialize medicine. created an insurance mandate. so he is not there. he think this is guy is, besides being tempermentally off the charts is policywise sort of radioactive. so i think -- neil: you never know. >> that doesn't mean he won't endorse hem in the end. neil: all democrats say they wish donald trump wished nominee. they rue that day now. >> but look at it this way, donald trump is crazy in rhetoric, style, i don't like a lot of stuff that comes out of his mouth. but his policies are pretty mainstream. cut taxes. regulations. doesn't start wars. is he that out there? bernie sanders wants to do 180 on the american people, you know --

neil: we shall see. thank you my friend, charlie gasparino on all of that. by the way the dow pared its losses rather dramatically, still down a heck of a lot, more than 337 points. again a lot of this has everything to do with the coronavirus and cases skyrocketing but right now it's where money is headed that could be the most telling development this late in the market day, with a little more than three hours of trading to go. we'll explain. gold is one of the beneficiaries, right after this. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.

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whai tell clients, etfs can follow an index, but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. neil: you know the sell-off continues but particularly hit are the drugmakers as a group, as a group on this coronavirus outbreak. there are exceptions. alpha pro-tech, more a maker of face masks and meridian

biosciences a screening process for the drug. they're an exception to otherwise u.s. drug and global drug selling rule. to pacer etf president sean o'hara. sean, surprisingly to the degree to which the group gets hammered. what do you think of that? >> i think part of overall bigger indexes. when you have these kind of events, whether it is ebola or avian flu, initially sound like they might be catastrophic events, then the initial reaction for investors to sell first and see how it shakes out. with so many passive like etfs and large cap investors mirroring each other as far as exposure, doesn't surprise me that is what is going on at the moment with regard to drugmakers. we own a big pharma name. we own gilead. they had a virus, they had a drug that helped with the ebola virus.

they think eventually this could help being used on coronavirus. when you look at names like gilead, they have 11% plus free cash flow yield, trade under 10 times earnings, nice attractive dividend. when you have events like this, you can be fearful orp opportunistic. when you come down where this will eventually get less scary. this is opportunity to pick up stuff like that, and trade at discount and be opportunistic. neil: you distinguish between biotech names big and small and general drugmakers that is the way to play it, right? >> we're overweight bio he can. we're overweight health care with particular focus on one of our etf u.s. large caps, cows is the ticker we're overweight biotech names as opposed overweight big farm that -- pharma with the free cash flow. neil: thanks for catching up,

sean o'hara. >> thanks. neil: dow still down a lot. we were over 500 points. we picked up a bit. the latest from lawyer send zimmerman. lauren? >> neil, there is a very much a fight to contain the coronavirus. sean was saying, one of those stocks, not a vaccine stock, but a maker of surgical masks. many experts tell you hand washing is more preventative than wearing masks. nevertheless, demand for masks in china, hundreds of millions of masks per day. these companies cannot keep up. alpha pro-tech surging 27% on that news, neil. if you look at losses, obviously more losses than gains today. energy down 2%. technology down over 2%. five major tech stocks report this week. two of them are in the one trillion dollar club. apple and microsoft. when you look at apple, it is

expected to be a good quarter for them. how have they managed to grow their services business and the like. apple together with boeing are shaving 100 points off the dow jones industrial average today. i also want to point out amazon, they report at the end of the week on thursday. they are first of the big tech stocks to be negative for 2020. if you look at five biggest tech companies here in the u.s., there are 17% of the s&p 500. so often when they're down, market is down and of course, vice versa. but down 328 points right now on the dow jones industrial average, as you noted, off the lows of the session. are we out of the woods yet? the world health organization has yet to declare this, maybe they will, maybe they will not, but they haven't declared this a global health emergency just yet. so maybe there's another leg to drop, another shoe to drop here, neil. neil: lauren, thank you very much. lauren zimmmerman on all the developments. just a point of explanation here, a lot might look at this

black swan development or otherwise, wonder how a contagion largely limited to china, even though now more than a dozen countries are involved weigh on the market to the degree it has, there here and everywhere else, fear that it will lead to global economic slowdown. fewer people flying, traveling. that has cascading effect from airline stocks, the hospitality stocks those with any business at all in that neck of the woods. it feeds on itself. maybe a excuse to sell. ask questions later but it is what it is. a lot more coming up after this liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. neil: we are minutes away. scene on capitol hill right now the impeachment trial going on in the united states senate. all of this at a time sort of john bolton and a manuscript of

his book that leaked out that sort of blew this up into a whole new area that the president did according to manuscript of the book, if we take the released notes correctly, that the president was up on this, president denying all of that, whether there was a quid pro quo to investigate the bidens and hold off aid to that country until and unless the country did do that. we're on that. whether that quest for witnesses builds up steam. in the mean time we're six days away to the super bowl in miami. the game is costing taxpayers, 20 million bucks. miami gardens chamber of commerce says miami residents and businesses won't reap benefits of the money coming in. that is surprising to me, andre. explain how that is even possible. >> hi, sure, thanks for having me. miami, south florida is community of haves and have-nots. we have 30 billionaire.

rich folks live here. shrinking middle class, folk the that live in poverty yet miami dade county, a lot of surrounding municipalities, a lot of resources, county dollars, taxpayers dollars to provide a windfall to the dolphins for hosting this super bowl. neil: i'm sure there is sort of thing happens where there is a lot of money pouring in for community organizers and the like to showcase the city, that has some residual value down the road. wouldn't your neck of the woods have that benefit, just not immediately in thible right now but it will be? >> we celebrate the super bowl. we're excited that this super bowl is being hosted here and super bowls to come but miami gardens, for example, is the actual host city of the super bowl. i'm president of its chamber of commerce. the city devoted a lot of resources to public safety for the super bowl, events around the super bowl, yet they're not being reimbursed for those.

the other issue is, a lot of attendees, or most of the attendees to the super bowl, they come into the super bowl, enjoy the incredible venue but do not spend their monies outside of the super bowl. all the local, small, mom-and-pop businesses are not benefiting from that experience. they're paying taxes. we're all paying taxes but not ultimately reaping the benefits of that economic impact of south florida. neil: are you going to the game. >> i'm not going to the game. i'm a dolphin season ticket holder but i'm not going to the super bowl. neil: we'll see how it works out. andre williams. meantime quick look at washington, d.c. day six of the senate impeachment trial about to begin. elizabeth warren, a host of other presidential candidates, bernie sanders, amy klobuchar, colorado senator bennet, those are four big ones running for president. we'll be there. more after this.

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♪ ♪ neil: all right, are you ready for day six of the senate impeachment trial going on today? we shall see, they're slated when they start now, 1 p.m. eastern time, to go as late as 9 p.m. tonight eastern time. now, they have three hours slated on saturday s and we were covering it. they cut off early in two hours, so we had to tap dance around that because few were expecting it to end so early. we don't know with the latest dust-up over potential witnesses, whether that will change the dynamics, but we're monitoring it. we're certainly monitoring the kroning that virus which is impacting markets the world over. the u.s. market paring earlier losses that had come close to wiping autoall our year's gains -- out all our year's gains.

overall worry that this is going to lead to a global slowdown, people will travel less and fewer of them will be inclined to buy much, that it could lead to a resession or at the very least a dramatic showdown, that china might not be able to make good on that trade deal. jackie deangelis is still looking at the global financial impact of all to. this jackie? >> reporter: good afternoon. well, the number of countries reporting coronavirus up to 17 although it started in china, the economic impact is certainly having a global reach. think of it this way, you hear about this, first it's in china, then you found out it's in more than a dozen other countries and five cases here in the united states, so you think, well, it would probably be smarter to stay home than go to public places, right? just to be safe. businesses think that way too. the last thing they want is to be responsible for the spread of a disease, so mcdonald's, starbucks, they're closing stores in china. disneyland in hong kong, same thing. but it's not just limited to those businesses. there's a huge ripple effect

here if people get scared, no malls, no theaters, no travel, that's the resorts, the planes, the hoe -- hotels, no restaurants. the best comparison might be as far as in 2002-2003, estimated to have cost the economy $40 billion in lost revenues. if the dow falls more than 451 points, as you mentioned, all the gains for 2020, they're going to be gone. neil: all right, jackie, thank you very, very much. and that does reveal some of the concerns that are out there in the market. oil, by the way, continuing to feel the effects of this. in other words, if you do have a slowdown or get less demand for the stuff that keeps the global economy going, it's no surprise that it sells off. now, we are well off our lows of the day not only in stocks, but in oil. following in dovetail fashion here, which would normally be the case. let's go to phil flynn following this closely in chicago. what can you tell us? >> i can tell you we're off the lows because the cdc said things didn't really expand here in the

united states when it comes to the coronavirus. it isn't mutating here, and that's great news. but oil traders still are not convinced that the worst is over. we're still down $1.46 at 52.73 on the wti contract, and there's a lot of concerns because oil traders have never had to deal with this type of quarantine they have going on in china like they do right now. you have major cities in china shut down right now. no airplane flights going out of these countries, no trains, no planes, no automobiles, you name it. it's like a kind of a zombie ghost town when it comes to oil demand, and it's raising a lot of concerns. now, saudi arabia and the saudi oil minister came out over the weekend and said don't, you know, don't get ahead of your skis, as you might say, because there's still a possibility it's not going to have a negative impact that everybody is saying. but at the same time, they're also suggesting that if this continues for some time, that they may even consider an additional production if cut to

make up for the lost revenue. you know, the other concern too, you know, this is the biggest travel week for the chinese. the lunar new year holiday, a lot of that was canceled. in fact, they're pushing off the reopening of februaries back into february -- factories back into february, another couple weeks. they're not moving a lot of goods, that means more supplies of energy and diesel fuels piling up, and even diesel prices are getting beat up big today, down another six cents a gallon, oil down 7% last week, could be pushing towards a bear market fit keeps up for the rest of the day. neil: phil flynn, thank you very, very much. some other developments here, and these are sporadic, but bear with me. credit suisse is already telling its staff just back from visiting china to work from home out of an abundance of caution. china is extending the new year holiday to february 2nd, trying

to prevent travelers from contributing to the spread. hong kong, again, the first quarantine was reported in the wuhan province, you can't enter or go there. malaysia's taking similar moves. so you can see there's a pattern of behavior there. in hong kong, for example, they've closed hong kong disney, that follows with what they've done with shanghai disney, and right now they're saying this will be indefinitely until they have a better sense of where all of this is going. the chinese authorities on site are saying right now that while this is not certainly contained, that they've got a better handle on it than they did a week ago. keep in mind a week ago there were two deaths, more than 80 right now. to tiananmen square rose tang who says be very careful what you're hearing from the chinese. she's been a longtime critic, she's put her life on the line, and she's just as skeptical of

proclamations coming out of china right now. good to have you back. >> thank you, neil. neil: you don't trust what you're hearing. >> i can't trust them. i covered sars outbreak when i was working as a journalist in hong kong in 2002 and 2003, and in this outbreak is much, much worse than sars. neil: how did the chinese handle that at the time? >> their, first response is to arrest people for spreading the truth, for alerting the public of the outbreak -- neil: in other words, today minimized it at the outset, right? >> yeah. they tried to block information, tried to block truth as much as possible. they arrested, first thing they did was to arrest ought people in wuhan -- arrest eight people in wuhan who spread the truth. then they tried to arrest -- neil: was that the epicenter then as well? >> wuhan is the epicenter. neil: okay. >> the first case was reported in late december.

so so far the response from the chinese government really has been too little and too late. yes, last night wuhan mayor -- it's very rare for a chinese communist party official to reveal such truth. he said it at a press conference on sunday night. five million people have escaped wuhan. that's five million people. we're talking about, like, one-half of new york. neil: we're told in the united states that those left before the quarantine was under effect. >> no, they left before. neil: okay, okay. according to the mayor -- neil: [inaudible] are caught up in this quarantine, can't get out of these five or six cities. that's pretty alarming. >> that's really alarming, and a lot of these people have already gone overseas as well. and and some foreign

governments, they have taken measures, like sending a whole planeful of passengers back to china. and japanese government, french government and now cdc, you know, the u.s. government announcing they are evacuating their citizens out of wuhan. but all is too little and too late. and the wuhan residents and the residents in the entire province, we're talking about more than a dozen cities include the whole province, bigger than texas. they have been on lockdown. neil: how does that work? explain when they have a lockdown, because they didn't do this with sars and so -- certainly not to this degree. >> this is unprecedented, definitely. neil: right. i can remember in this city on 9/11 in new york, there was a lockdown for about 24-48 hours

depending on where in the city where you couldn't get in or out. but this is much more sweeping. explain how it works. >> well, imagine in new york there are no buses, no subways, no ferries, no trains, no planes or train stations, subway stations and airports have been shut down. on top of that, private cars are banned from leaving the city. private cars, they cannot get gasoline from the gas stations. and and the wuhan residents who managed to flee out of the city or other cities who have been on lockdown, those residents they try to get out, they are not accepted by the local hotels where they are. and even for people who are in beijing, i read on social media if they have a wuhan, say,

driver's license or id car, they cannot seek treatment. they're being told to go back to wuhan, which they cannot. so imagine in a city bigger with a the population of at least 11 million people -- that's wuhan a alone -- neil: you can't get the help you need. >> -- they're left the die. neil: we're told that the hospitals are overwhelmed with this video that's gone viral, no pun intended, of a nurse who was saying to the many thousands -- >> 90,000. neil: do you believe that? >> i believe that. but one source, that's why i haven't, you know, shared that on social media because there's sporadic sources -- neil: she was saying they're turned away because there's simply no room. >> local residents, they take to social media pleading for help, criticizing the chinese government, criticizing and calling for the chinese government to step down. i think a lot of videos of dead bodies in hallways of hospitals right next to patients and

visitors and now being attended to -- not being attended to, not being picked up. and the local crematoriums are packed as well. what's worse is that not enough food or adequate medical supplies have been sent into those cities which have been locked down. basically, people are being left to die, die of diseases. and people who are, you know, queuing up in hospitals trying to get tests, they're sent back, most of them are sent back to quarantine themselves. how can people quarantine themselves at home? neil: you think some of these global health, the world health -- it's not a global health emergency. do you think it is? >> it is, absolutely. neil: okay. >> judging from sars, i really urge who to declare this is a global health emergency. neil: right. >> they did not do this, and this is reallier -- really

irresponsible, and it's irresponsible of the chinese government. this is murderous. tens of millions of people are left the die and starving too, and they don't get enough food. neil: rose tang, i want to thank you very much. rose has far better connections than i do. the government there, to be fair, we placed calls out to chinese officials. they are disputing those figures as well as this nurse who, of course, whose comments have gone viral to say that this is out of control there. the chinese are saying, no, it's not. we'll have more after this. sometimes your small screen is your big screen.

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8-hour journey today. the senate impeachment trial enters its second week. chad pergram on the latest. chad? >> reporter: they just started a few minutes ago. we're thinking they're going to go 6-7 hours, maybe not consume the entire 8. a lot of the president's defense team today. but i'll tell you, the news here has been whether or not they should summon john bolton, the former national security adviser, to testify. that has absolutely changed the course of this impeachment trial where some people were thinking this could be concluded toward the end of the week. we don't know when they get to those votes on witnesses whether or not that will change the con tours. it seems to be right on the edge about calling witnesses. here is republican utah senator mitt romney. >> i think at this stage it's pretty fair to say that john bolton has a relevant testimony to provide to those of us who are sitting in impartial justice, would like to hear it, and what impact that might have would be dependent on all the facts associated with it. >> reporter: it's important to

look at how vulnerable republican senators facing re-election may vote on witnesses. look at susan collins of maine, joan finn ernst of -- joni ernst of iowa, martha mcsally of arizona. now, collins indicates she will vote for witnesses if they vote against witnesses, democrats will turn that vote against these senators this fall. here's democrat tammy bald with wynn of wisconsin -- baldwin of wisconsin. >> it's gut check time for members of the united states senate. every senator took an oath to support and defend the constitution of the united states, and every senator needs to ask themselves whether they're going to love up to that oath -- to live up to that oath. >> reporter: now, neil, i should point out that senate rule 31 says you can -- 11 says you can refer impeachments to committees. we've seen that happen back in the 1980s with thomas port yous, a federal judge in 2010.

you could get to this issue of motions later in the week. and if the senate thinks it has an incomplete record, maybe it could refer this to a committee or engineer its own committee to investigate because maybe they feel they need the hear from john bolton. as the rules stand now, what they would do is they would hear from any witness if they voted at least 51 votes for a witness, hear from that person in private first, a deposition, and then maybe determine if they need to bring them to the floor. but this has completely altered the script here on capitol hill about how this impeachment trial is going to go, neil. neil: chad, thank you, my friend. we're getting a little bit more details on this virus selloff and the contagion it's having across the markets here, although not as much. we were down more than 500 points, now down about 355. but our stocks editor here, charlie brady, has taken a look particularly at airline and related issues that as a group seem to be particularly hard hit, not surprisingly. and within that group, some of the asian airlines like china

southern airlines company down about 7%, singapore airlines down about 6.6%. american airlines is down north of 5.5%, hawaii holdings, united down more than 4.8%. anyone that has anything to do with travel, hospitality, exposure to that region, even if it is tiny by comparison -- for example, a lot of the financial interests in this country -- being weighed down by that and that slowdown and the fear that it could affect loan demand and all of that, it's having a cascading effect. again, i always refer to the fact that markets have a knee-jerk response, this is playing out very similar to how sars did back in 2002 and 2003. the el selloff was swift -- the selloff was swift and the comeback some weeks later. that is what we're waiting for now, the comeback. we'll have more after this. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy.

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♪ ♪ neil: investigators are looking into weather factors in the helicopter crash that killed kobe bryant and his 13-year-old daughter and seven others. the former faa official, scott brenner. scott, what are you piecing together here looking at this? >> well, if you look at kind of the flight track and, you know, we're fortunate nowadays there's a lot of private companies that give you realtime flight data, appears the pilot took off, everything was under control. when he got to burbank, got delayed for a little while, had to let some other commercial flights come in. and then as he took off, he asked the tower to provide tracking for him. which means that the control tower would then track him specifically and give him, you know, elevations is and all those other important factors. he was flying too low for that because the radar just doesn't reach down that low. so he continued on to a flight, and it appears maybe he got caught up in the clouds or something because there was a lot of fog in the area. m obviously, we still don't know

yet, but it doesn't appear there was any kind of problems with the aircraft because he was communicating with the tower, never expressed any kind of problems with the helicopter. it just appears he got stuck in the fog and maybe lost, got -- suffered from the classic spatial orientation. neil: you request tracking, scott, if it's foggy, in other words, if you're having trouble seeing period. >> correct. neil: so in his case, and i don't know the timeline. maybe you don't as well. what is the rule of thumb? in conditions like that, i've heard others report they wouldn't fly or others were saying this was a very, you know, quick descending fog at that. do you know what are some of the rules of thumb? >> it's really, i mean, at the end of the day, the pilot has to use his best judgment, is it safe to fly or is it not safe to

fly. the fog, they said, was around 800 feet, a ceiling of 800 feet. so as long as he was staying below that, i guess he was fine. i guess the problem he got into as he got closer to his destination, he got up a little higher because of the mountainous terrain in that area, and it looks like he takes a sharp left and descends quickly. a lot of payments will tell you when they get into a situation where they're flying just by, you know, looking around and they get stucking in a cloud or in fog, they lose that ability to orr yen tate. even though they may have data coming up from their screen, they get this tendency to, like, lean left or lean right or pull up. every pilot has a different thing. so a lot of times what they'll try and do is go, okay, i got stuck in this mess, how do i quickly get out of here. he appears to take a left turn and dive down, and that's where he impacted the mountain. neil: amazing.

scott, thank you for that. we appreciate it. >> absolutely, neil. neil: scott brenner. we'll have more after this. what a time to be alive. the world is customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind? we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. tit's great actually, i've been listening to audible.

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♪ neil: all right, it's nice to promise, but how do you pay for the promises? senator bernie sanders saying it will be impossible at this point to calculate the full cost of his plan to provide everything from free college for all to

more generous provisions in medicare, social security. yet he is a senator right now, the candidate gaining the most steam in iowa, for example. deirdreing bolton has the details. >> one week to go, you're exactly right, til iowa. senator sanders is in the pole position, and this is rattling some. hillary clinton blasting him in a documentary saying nobody likes him, and he's gotten nothing done in congress. sources say former president obama says he would try to stop senator sanders if he were poised to clinch the nomination. the fact that mr. sanders is a proud democratic socialist makes some in the party worry that he would not be appealing in key swing districts. "the new york times" even has an article this weekend quoting sources that say while they to not want to vote for president trump, they find senators sanders and warren to be too far left to consider. this interview is one example of why independents are nervous. >> your agenda has promised free

health care for everybody, free college tuition and to pay off people's college loans. the price tag for that is estimated to be $60 trillion over ten years, correct? >> well, look, we have political to appointments -- >> you don't know. you don't know -- >> you don't know, nobody knows. this is impossible -- >> that's $60 trillion, that's a number that is out there, and it is higher than any other candidate's. senator warren has proposed a $a 52 trillion medicare for all plan, former vp joe biden's health care plan does not go as far as medicare for all. he says he wants to build on what former president obama did by adding a public option to so-called obamacare as the best way to lower costs and cover everyone. but as far as health care goes, senator sanders' ticket is the highest one, neil, and that's making independents and democrats nervous, probably making the trump campaign very

happy. back to you. neil: and the sanders campaign happy right now because they've got a little bit of momentum. we'll see what happens. deirdre, thank you very much. a lot of taxpayers are deciding property taxes are too high and they're moving to lower cost states. it's picking up, but where are they going? jeff flock has the details. >> reporter: well, here's your headline, may be that the 2017 tax overhaul, pushed by republicans and the president, is what's exacerbating this move. what are we talking about and where are they going, where are they coming from? you know some of the states, take a look. states like california, here in illinois as well as the northeast, those high property tax states have people moving to placeses like oregon and idaho and the carolinas and florida. why is this? well, because you know that tax overhaul capped property tax writeoffs at $10,000. not a problem for most people. most people get a tax cut. that's because the average tax bill for most people, $3500.

but if you live in westchester county, new york, for example, it's 17,000 on average. and, of course, a lot of people pay a lot more than that in their taxes. you know, governor cuomo from new york said when all of this came out, and i quote him now, he said this bill has redistricted the wealth in in this nation from democratic states, blue states to red states. the reality is that the bill has in some ways done what democrats would have wanted, which is put a higher tax burden on the wealthy. because that's the people that are hit hardest by this cap on the ability to write off their property tax. so i think the president to that would say, you're well come. -- welcome. [laughter] neil: you know what's so weird about 'em though, it does mean for a lot of those blue states less revenue coming in as a result. whether they like the rich or not, there's less revenue coming in from them, so you can only vilify them so much, you know? >> reporter: i know. it doesn't help them at all, that's true.

but something for everybody. at least they put a bigger tax on the wealthy, so -- neil: there you go. all right. you are, you're always looking at the bright side, aren't you? thank you, my friend, always good having you. jeff flock. mean while, tax season is actually kicking offed today. this is the point at which you can file and get ready and wait for your refund if you have a refund coming. but there's a confusion. if you're looking forward to a big one, that's on you. that isn't on the government. to everyday millionaires author and financial expert chris hogan. you framed this very niecely in the past with me too -- nicely in the past with me too. you're getting your own money back, it is your money, isn't it? >> you're absolutely right, neil. and a lot of people don't realize this. they look at their tax refund as something they're getting back, but, in fact, it means that you overpaid, and you've allowed the government to hold onto your money for almost like an interest-free loan for almost a year.

so i want to encourage people to do a couple of things. number one, don't expect a refund. the tax cut doesn't mean that you're going to get a refund. it's -- the refund is based on your withholdings. so it's really important for you to look at your w4, understand the withholdings that you have durantly and make sure you're talking to a tax profession also you can make those necessary adjustments. neil: you know, chris, a lot of people -- and i understand this in a way -- they look at it as a forced savings. yeah, they know about the free loan thing, not all of them, but that they get a check, you know, in the spring or summer after they file their taxes, and it's money they otherwise wouldn't have had, they would have squanderedded it if it was coming out of their paycheck every week or two weeks. what do you think? >> well, i think it's most important, i think people are better served to have their money in the given month as opposed to waiting a year. but let's say you do, neil, prefer to have a refund. once you get that refund, again,

i want you to have a game plan for it. it's not free money, it's your hard earned money. so i tell people if you're getting a refund, do one of three things with it. number one is save it. if you don't have an emergency fund for yourself and your family, you want to start with at least $1,000 saved. but eventually get yourself out of department and to have three to six months of expenses. that means if a car breaks down or something happens, you've got money to reach to, and you don't have to use debt. tip two is if you have debt, use that tax refund to make some quick financial progress. attack your debt. we teach people that debt smallest to biggest, so help you get more of your money back by getting out of debt. and the third tip is invest it. as you and i know, the government's not going to take care of us in the future. we've got to have a retirement plan for ourselves, so you can invest that money, use it toward your roth ira or toward investing in general. we've got a great opportunity. for people out there that are unclear or unsure, talk with a tax professional.

you've got an opportunity to adjust your w4 so you can make sure you understand how much money you're getting and why. neil: and you like the idea of watching what you're spending. so you and brilliant guys like dave ramsey are running around with paper bags full of cash, right? that's a little weird. [laughter] >> well, it's very important to know what you're spending, and the budget is very important. and, neil, despite what you say, we don't have paper bags, we have wallets. neil: oh, there you go. for you, it's a big wallet. [laughter] thank you, my friend. >> take care. neil: let's take a look at the corner of wall and broad. the dow down about 335 points, well off our lows here. some of the issues that have come back include johnson & johnson and merck and pfizer, the big drugmakers that are kind of following -- not all of them -- kind of following some of the biotech players that might or midnight -- might not have promising vaccines down the road. a little bit of a flight to quality there. more after this. with sofi, get your credit cards right

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♪ neil: all right. the cdc is beefing up its screening for travelers, this as the mayor of wuhan, china -- the epicenter of this whole virus -- says five million residents left actually before restrictions were imposed. we've heard from others not all before, some snuck out post that. regardless, there is an incubation period on this disease as well or this virus of up to two weeks, so you might be cleared and all of a sudden you're not exhibiting any symptoms and then, of course, boom. travel analyst mark murphy says air travel the biggest concern to infecting travelers and all of this spreading much, much wider. mark, there's a lot we don't know. this much we do, that that incubation period alone would be a source of concern, right? you would be cleared right through customs if you're not exhibiting signs, you might be days later, right? in. >> exactly. and that's the problem. they don't really know. you come in, you hang out with your family, your friends, and if you did get infected, now

you're infecting them because they're not 100 percent certain, like you said, whether or not you can infect people if you're not manifesting symptoms. but now they think that's the case. so we could have a bunch of people cruising around that are infected with this, and that's going to be a terrible scenario pretty much globally at this point, that's what it looks like. neil: you know what's interesting too, i was noticing here the number of countries that have taken precaution to say we don't think it's a good idea for you to go to china, and we're thinking, very leery willf those planes that come from china. now, they're few and far between, but they are growing. i can see an early bubbling panic that could develop here. what do you do as a flier? >> i think you're going to see more of those restrictions in place. you're seeing inbound travel to china is going to be devastated. you already have it with hong kong and the protests because a lot of people go to the mainland but also want to include hong

kong. this is a double whammy for china. it's also a huge impact for all of the surrounding countries because the inter-asia travel market is massive. take australia if you go further south. australia's going to feel it in terms of their economic impact from chinese travelers who make up double digits in terms of the number of tourists that come there. and this is going to have an effect until, obviously, we get a handle on what the numbers are, if they come out with a vaccine. these are the things that are going to squash it. but in the meantime, the biggest fear, i think, is when you're sitting on a plane, somebody coughs or sneezes, you're thinking to yourself, oh, man, am i now in the danger zone with these folks. and that is what is so scary about something like this as well as going back to sars. you had the swine flu in mexico, so there's so many things that come and go, and they don't become pandemics. that's probably what's going to happen here, but i'm not a medical doctor, is so i'm hoping that that's the case.

take precautions in the meantime. neil: no, i hear you, as am i. mark murphy, thank you very much. >> thank you, neil. neil: all right. the coronavirus, not surprisingly has been the case for the last couple of trading days, sinking shares. virtually every sector caught up in that save a down. you're seeing the drugmakers, some, the bigger ones, bucking the trend. but for the most part, there does seem to be a s&p sentiment building -- sentiment building, sell first, ask questions later. charles payne on how this sorts out. what do you think, charles? >> you're absolutely right, neil. and i think the market has responded appropriately throughout the past week, you know? we had smaller moves last week, incremental but smaller, less panicky, less ang shu although -- anxious although you could feel the angst late friday. and today as these numbers start to multiply. on the good side of this is perhaps particularly after the cdc today with no new cases overnight, there are 110 people being observed, some have already been checked off as

being negative. so it's just a necessary phase we have to go through. money flocking to utility stocks, consumer staples also in the drain periodically led by names like chlorox. but for the most part, selling across the board. a lot of profit taking also in technology names. i mean, we're up so much on a lot of these names ahead of earnings, some folks taking money off the table there too. neil: yeah, and and you notice some of the biggies that will be reporting, apple, facebook, microsoft, amazon, they've been hard-chargers. some of them have very generous multiples, you could make an argument that's a great excuse to sell or take some profits. what to you tell folks? >> well, you know, give you an example. amazon, i was just checking a week after reporting earnings the last seven times the stock was down. so it's not just this. they haven't lived up to the hype associationed with earnings -- associated with earnings, and a apple was down twice a week after earnings. microsoft has the best track

record, up every single time. it depends on your horizon. i think most people now aren't in these stocks, no longer just traders flipping them, but long-term holders thinking that's technology. it could get bumpy, but we'll make it through it. neil: let's talk about multiples. if you have a global slowdown, your multiples given to change. now, what do you think? >> yeah, they do. you know, sometimes a slowdown in february for events like something like this more often than not could be made up in september. so where you might normally have had a growth in something in march if it's just pushed off, then the market expects that to come back at some point down the line. and i think that's what a market observer is going to be looking for. we already expect sequential gains in earnings through each quarter, going into the fourth quarter where most analysts think we're going to have double-digit gains year-over-year. neil: you know, i always get nervous with these companies that beat earnings, and i know

most of them have thus far. sort of like i used to lie to my parents about my grades -- [laughter] they thought i was, you know, a genius. but leaving that aside, i'm wondering whether you think the slowdown, particularly in asia, particularly in china is going to make it difficult for the chinese to make good on buying more goods if us. >> you know what? i think it actually brings america and china closer together. you know, one of the areas that we really have superiority over china is in the medical area. and also let's not forget that that smith foods, smithfield foods acquisition about a decade ago now was because china needed to know how to do better with their poultry, with their pigs and things like that. and even now they still suffered last year from the african swine virus. there's a lot we can teach china on the agricultural side. i think this brings us together in terms of helping them medically, helping them with their livestock and also, you know, helping them with other developments. ironically enough, this could actually help both nations come

closer together. neil: that'd be nice. you always see the half full glass. [laughter] i live in the half empty one. thank you, my friend. >> thanks, neil. neil: see you in about 12 minutes. in the mean time, super bowl security is reaching new highs. fox goes behind the scenes, next. >> millions of americans are going to be watching this game, you will not be. >> the full weight of the department of homeland security, cbp and air and marines operation are behind the scene to make sure that super bowl liv is the safest super bowl we've ever had.

neil: all right. days away now from super bowl liv. while both sides are on the field, custom and border protection have their eyes on everything and everyone else. "fox & friends" correspondent

pat pyro got an inside look behind the scene. >> good to see you, my friend. i feel like we haven't seen each other -- neil: i know, i know. >> it's great to be here. this is an amazing organization, the air and marine operations unit really protecterring the fans, the players and, of course, the entire south florida area. i got a chance to ride along. take a look. ♪ ♪ >> miami is a tourist destination. we're going to go up north to the byside arena, and on the way back, we'll do a mock intercept so you can get an idea what operations really does. >> when people think of cbp, i don't think they think of this. >>ing no, they don't. we're protecting the air front and the marine front. the men and women on the southern border -- >> what do you worry about super bowl weekend? >> the super bowl its, it makes it the advantage of bringing the narcotics across.

we try to show a very robust presence in coordination with aircraft. we'll close in on them, achieve that tactical position and find out what he's up to. >> we're now going to see what it's like when you get interdicted. get ready. >> warning shot. [inaudible] >> move up to the front of the boat! >> i didn't do nothing, i didn't do nothing! >> you're going to get caught. the boat ride's over. >> now you'll see what our air does in their domain. >> let's do it. >> we're practicing now for the possible event of a quick reactionary force into the stadium. so we're doing a lot of training for the buildup -- [inaudible] the demonstration you saw was a fast incircumstance. 30 seconds out, we're unlatched, first guy's down the rope and down in less than probably about 2-3 seconds. the fastest way to put boots on the ground to address whatever

threat may be this. >> so, todd, we're going to be showing you the area that is of most concern flying from homestead reserve base located here and into the hard rock stadium. are you ready to go? >> i'm ready. >> all right, let's do it. ♪ ♪ >> as we fly over hard rock right now, what do you need to do to secure an event like the super bowl? >> we have multilayers of security, intelligence and agents around the globe that are monitoring situations. we'll be staged at different locations around the county to respond if there is a significant event whatsoever. earn at super bowl liv can rest assured they're going to be safe, and it'll be transparent that we're even there. >> millions of americans are going to be watching this game, you will not be. >> the full weight of the department of homeland security, cbp and air and marine operations are behind the scene to make sure that super bowl liv is the safest super bowl we've ever had. >> and, obviously, for most of us it's all about chips and guacamole, but when you have to think about it, this is a

uniquely american event for a uniquely american sport making it a high value target for a lot of bad guys. nice to know the good guys are on our side and are pretty well prepared. neil: you know, i'm amazed by your energy and your strong stomach under all those conditions. >> oh, it's great in miami. it was a lot of fun. we had a great time. and, again, these folks do this on a day in and day out basis, so they're the ones we should be complimenting, not todd who got to wear that puffy life jacket. [laughter] neil: you looked good, my friend. todd piro. wall street has a selloff going on, washington, d.c. has a senate trial, in the middle of all that a virus and a lot of people still don't know what the heck is going on. more after this. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains.

many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, . r .

neil: all right. you're watching ken starr

actively involved in the clinically impeachment arguing on constitutional ground how we abused this process over the decades that has become a common fodder. he is the first i know of to address the witness issue as well saying if there is a dispute over witnesses, documents you go to court for that. you don'tma that out here. many democrats challenge him to say, that is something you did not do. you argued it out before the american people in the trial. and that the two are not comparable. having said that though, mr. starr is arguing as others have this process has gotten a little too extreme. he says here at home the world's longest standing constitutional republic, instead after once in a century phenomenon, now presidential impeachment has become a weapon to be wielded against one's political opponents. enough he says, enough. not enough with this selloff. it continues. the dow down 372 points. a lot of this pretty much, all of this on the coronavirus where people are afraid that this is

going to erupt into something bigger than china has claimed. we talked to a couple of guests, that anytime you quarantine 50 million people as china has it is bigger than china is admitting. we shall see. here is charles payne. charles: good afternoon, neil. this is "making money." i'm charles payne. stocks taking a tumble as china announce as sharp rise in the coronavirus cases. we'll have this sorry and impact on markets. plus what else is pushing the markets lower while everyone is looking at china? he may be on trial in the senate, but new poll shows president trump's economic ratings hitting all-time highs. what that means with seven days to go until the first 2020 voting kicks off. a true champion, devoted father, brilliant businessman. kobe bryant leaving behind a massive legacy. we'll bring you sportscaster jim