coffee, held up well. today already, luckin traded as low as 26, as high as 36. volatility out there, folks. buckle up. don't panic. that's why we brought rob on. thanks, buddy. see you soon. all right. i'm going to go back to liz claman. she's in miami. over to you. liz: charles, no panicking here but we are all over the breaking news that's happening right now. we have a wall of worry weighing on wall street at this hour. the outbreak of the coronavirus is expanding as it now threatens to impact the american economy. the impeachment trial of president trump, hey, it could be hours away from a controversial conclusion. meanwhile, at the same time, the democratic race to replace the president, sees polls tightening days ahead of the iowa caucuses. after years of bickering over the terms, the united kingdom is hours away from its brexit divorce from the european union. investors caught in quite the riptide on this last trading day of the month. dow jones industrials down 538

points, the s&p is losing 50, low of the session was 59. we're not far from that. the nasdaq, kind of getting clobbered, down 116 as the fifth straight month of gains is now in jeopardy. all this drama has the world desperate for a much-needed distraction and this weekend, we have the biggest one, when the kansas city chiefs and san francisco 49ers clash right here in miami, florida. yeah, there's some crazy people who are coming to super bowl liv. we found them. we've got a fox business exclusive with the co-owner of the jacksonville jaguars, tommy khan. he's a young guy. we will talk to him about the big game, the other football, soccer, he owns a team, and why he's taking on vince mcmahon in a professional wrestling business smackdown. nearly $7 billion could be spent on super bowl liv. that's got investors scrambling to bet on the new leaders in mobile sports betting. the ceo of fox bet is here in a

fox business exclusive on what many say is the next big sector poised for hypergrowth. with stocks deep in the red, we are looking at a crucial final hour of trade. with less than an hour to the closing bell, live from the site of super bowl liv in miami, let's start "the claman countdown." liz: breaking news. a whole different story here. at any moment, we do expect to see a news conference in west palm beach, florida after an incident on the perimeter of mar-a-lago earlier today. here's what we know happened. shots were fired and two people are now in custody after a traffic stop gone wrong. a black suv apparently ran a checkpoint before being fired upon. the vehicle eventually stopped. president trump is scheduled to leave washington for mar-a-lago at the top of the hour so we are going to get more information for you when the presser gets under way. meantime let's get to the wuhan coronavirus.

it is flexing its fear muscle. goldman sachs now warning it's going to have to cut u.s. gdp this quarter by .4%, saying growth will take a hit as u.s. exports to china drop and chinese tourism here in the u.s. slows. contagion fears have topped carriers, canceling all flights to and from mainland china, sending airliners into the red. look at these names. american is lower by about 3%, 3.5%. delta down 2.5%. ual also swooning, down 3.75%. with american in the wake of its pilots union filing suit to protect its members, remember we told thyou that story yesterday american has ceased operations between the u.s. and china starting today through march. then you've got delta and united airlines temporarily suspending u.s./china routes starting february 6th. l levi strauss temporarily closed its stores in china saying the virus has already hurt its

sales. they have already stopped travel to and from china. separately, bloomberg reported alibaba is warning that production and shipment of some online orders could be pushed back as late as february 21st. an about-face, this is interesting for facebook. look at facebook's stock at the moment. the social media giant says it will now take down misinformation about the coronavirus. the stock is down 3.5% right now, but facebook now says anything that's negative or incorrect about coronavirus violates its ban on content that leads to quote, physical harm. the one resilient stock out there, you got to look at amazon. it's in the ranks now of the four comma club, joining the likes of apple, microsoft and google, all of them have valuations of a trillion dollars or more. amazon's entry to the trillion dollar team comes after the tech giant absolutely smashed fourth quarter profit forecasts, winning very big in that crucial holiday shopping period and gaining more prime service

members. there was a little bit of a rain cloud with the stock in a report, a slowdown in amazon web services business, but the stock is not slowing down. it's up a full 8% now to $2,021 per share. to the floor show and our traders. phil, we got millionaires, billionaire team owners here and retail investors pouring into miami right now for the game. and we are hearing some express concern about the coronavirus but does the selloff go deeper than just those fears? phil? >> you want me to go with that? i would say that clearly into a weekend where we've got a couple of days, we just don't know what will come up before now and monday, this is a combination of a risk-off trade and in response to airlines shutting down travel to china and also just the idea that we're going to have, you know, obviously a weekend and we just don't know where this is going between now and monday.

liz: i got to tell you, we're looking at the ten-year yield of 1.51%. a day or two ago it was at 1.54, before that, 1.6. that's the fear trade, folks. what else are you seeing here? just yesterday we saw the markets fight back after the world health organization said that yes, while it is a global emergency, you know, don't worry about it, china's handled it so, so well. that according to the w.h.o. >> clearly, and yesterday, they said that there was no reason to put a travel ban on yet. the airlines pretty much negated that this morning. liz: the vix is jumping 22% right now. phil flynn, tell me at the cme what you think is really -- if you dig a little deeper, that was my first question, you dig a bit deeper, is it just the coronavirus fears or is there something else, that reason to profit take at the moment? >> i think predominantly it really is about the coronavirus fears. you look at most of the earnings, the economic data, it's been stellar.

i mean, there's been a few disappointments. i mean, if you look at the china manufacturing number overnight, it was a little bit slow. but let's face it, it looks a lot slower, you add on top of this this potential virus. i think it's the concern. the biggest concern, i talk to traders, they are very concerned how this market is going to open up on sunday night, right, when the chinese market traders come back to the marketplace. that's why we're seeing all of this protection on. when you hear from the airlines hey, we are going to stop flying, we're not going to fly, that raises even more concern, because mainly, the world health organization really has already changed their recommendations a couple of times in a very short period of time. they're afraid they're going to do it again. liz: i am aware we have a lot of xm sirius listeners in the car right now. i want to let them know the dow is down 572 points, low of the session, down 597. we are all over this. tim, phil, thanks for weighing

in. while wall street is obviously slipping, political watchers are sliding over to iowa, with just three days until the voting phase of the 2020 democratic presidential race kicks off. the iowa caucuses as you know, are monday night and the candidates scramble is on. former vice president joe biden is expected to make his final push at a community event in fort madison at any moment. we have our cameras trained there. the latest national "wall street journal"/nbc news poll finds biden has slipped to second place among democratic primary voters, behind vermont senator bernie sanders, but still within the poll's margin of error. to perry, iowa where connell mcshane is on the ground evaluating the swing state's economy ahead of monday's contest. lot of action there, connell. connell: a lot, liz. it's really interesting, because it's not just the national polls you referenced. here in iowa, senator sanders has had quite a surge in the closing days of this campaign. in fact, if you look at the realclear politics average of all the polls, we can put it up,

senator sanders is up over the former vice president by 3.5 points or so, then you get down to the likes of mayor pete buttigieg and senators warren and klobuchar and andrew yang. but it's been quite a move for sanders. to your point, we will be focused today and over the weekend on the economy here. it's the fourth installment we've done in our reporting on swing state economies and the conversation we started to have here in iowa is very similar to what i heard you and phil flynn talking about a moment ago. you think about iowa. on the one hand, things are great here. the unemployment rate is very very low, 2.7%. on the other hand, as we reported on and on for the last few years, farmers have really taken a hit because of the trade war. there was a new number out yesterday, national number that showed farm bankruptcies went up by 20% last year compared to the year before. so we are going to talk about it all. we are on a soybean farm here in iowa, we were invited back and ron and some other farmers and

local business owners will be on for a roundtable on "after the bell" to talk about these issues. we have the republican governor of this state joining us as well. as i go back to you, the issues here are exactly what you guys were talking about. the trade agreement, phase one, is seen as a positive by many of these farmers but now we want to know will china live up to its commitments, especially if its economy slows with the coronavirus fears out there. we will talk about that and more next hour. liz: the snow behind you, would it interest you to know i'm wearing flip-flops? connell: i purposely -- usually before a report like this i would make sure, on all these monitors, i would want to see the return but in this case, i don't even want to see where you are right now. it's depressing. i love iowa. i told you this before i went. have fun. have fun at the game. liz: thank you. you will have fun in iowa because we have a lot of focus on that and right here in miami but you don't want to miss connell's special report on the swing state economy live from iowa at the top of the hour on "after the bell."

checking the dow, we are down 587 points. just as a major name in sports gets body slammed. yes, that would be world wrestling entertainment. vince mcmahon. the shares are trapped in a figure four leg lock after the abrupt departure of the co-president and michelle wilson. the stock down 22.5%. the company's future is uncertain, at least that's how investors see it. up next, we are talking to the national football league team owner who has been looking to put the wwe on the ropes. tony khan is here and he's going to join us. by the way, he also owns the jacksonville jaguars. "the claman countdown" coming up back from miami. we are going down about 600 points. we will be all over the markets. don't go away. it's an honor to tell you that

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plus, save even more with $100 off galaxy a50. click, call or visit a store today. liz: yeah, we're looking at a pretty serious selloff right now. look at the lower part of your right hand screen. the dow jones industrials hitting a brand new session low. we are down 614 points. we got the s&p down 60 points right now.

then the nasdaq lower by 149. much of this on renewed or intensified fears of the coronavirus. there was some erroneous reports earlier today, i'm not even going to repeat them because they were proven not to be actually factual, but that alone has everybody when it comes to financials and when it comes to stocks, on edge at the moment. but you even have people talking about it here in miami. i have been talking to a lot of team owners and not to mention one of them, who is an absolutely fascinating guy who goes well beyond looking at the team that he owns as a vanity play, in fact, tony khan wants to turn it all into a huge media empire. the jacksonville jaguars got a huge amount of attention this past season due to their superstar quarterback, gardner minshew. would you believe the co-owner businessman of the jaguars runs

the whole analytics department of the team that helps aggregate the information that makes the picks, including the undrafted ones. tony khan, co-owner of the jacksonville jags. >> great to be here. liz: talk about gardner, aside from the fact he has the bert reynolds look from the 1970s. he went sixth round, 178th pick. what was it about him that the analytics department looked at that you put together and said you know what, we like him? >> gardner was really an undervalued player. he led the pac-12 in touchdowns, passing yards, passer rating. he has the best touchdown to interception ratio of the conference. he was definitely one of the best passers. liz: we also know tom brady also went sixth round, 199th pick. what does your analytics department do differently? >> well, what we like to do is try and work with the scouts and you know, with the analytics department, we are not responsible for making the picks, i never said who we should or shouldn't draft, it's

not my job, i always try to present information and say these are the players i think -- liz: even though he's the c co-owner he takes a step back. >> we work with the scouting department. when players are undrafted, what i have done and we have had success with is finding good players in the nfl that are undrafted and have gone on to have good careers, some with us, like several of our defensive backs that are on the team right now are undrafted players that i signed for pretty good value after the draft, and also a player that we let go, mike hilton on the steelers t guy i signed after the draft has gone on to be a really good player for them. our prior administration cut him. but he's a good player. liz: listen, you guys went 6-10 in the regular season. so as you have now the ninth pick this coming draft, what is your analytics department looking at? >> there are a number of areas we can get stronger. it's about finding those areas and trying to get the best player available. there are a number of positions.

i can't really say going into the draft but it's a good question. liz: you look through a different prism than a lot of co-owners who love owning the team and they sit in the fancy box and they cheer on their team, but you are a businessman who is trying to turn one nfl team into a sports media empire. let's talk about taking on vince mcmahon and wwe. are you crazy? you are going into wrestling? >> we have done really well with it. we just signed a four-year extension. we have only been on the air for less than a year and you know, really, just after less than four months, actually, doing a television show. we founded the company just over a year ago and already, we've gotten a four-year extension. we do a show every wednesday on tnt. it's 8:00 to 10:00 p.m. eastern. liz: how is it doing? >> extremely well. actually really well. i just got the ratings in. we are number three, number three in the demo and head-to-head beat the nba on espn. liz: all elite wrestling.

>> dynamite, on tnt every wednesday on tnt has done well for us. liz: you have famous stars like chris jerricho. >> cody and dustin rhodes. liz: let me ask you, there is some big news at the wwe. two co-presidents quit and the stock, this was in the last couple of hours here, the stock has not done well in the wake of that news. are they coming to you guys at all? >> first of all, i'm not sure if they quit. yeah, i'm not sure what's going on with that. liz: so it wasn't a defection to you guys? >> certainly not. no. liz: aside from the wrestling, not only are you dealing with that plus an nfl team, you own a soccer team. the fulham club. this is unbelievable to me because they almost look like now, all these nfl teams own soccer teams. you got the minnesota vikings, they bought the nashville team. david tepper bought the charlotte team. the list goes on and on.

even the 49ers' jed york has a minority stake in one of the teams. >> i think the most relevant is manchester united, obviously it's a huge club. arsenal, massive club. but yeah, obviously huge involvement between nfl owners -- liz: the chiefs owner, the hunt family, they have a team. >> huge involvement. i talk to the hunts about it all the time. their team in dallas. they have a background in soccer. clark played. they are great people. liz: is soccer the new football? >> the two biggest sports in the world. so we are involved. i think those two biggest sports in the world and wrestling is my favorite thing in the world. there's nothing better. so we are involved in all this great stuff. liz: is your wrestling company cash flow positive now? >> it will be this year. the second year turned around after the huge startup costs of creating a new league. internationally televised, it's huge. yeah. in year two, we have a great chance to be a profitable company going forward, we will be profitable based on this new

four-year extension we signed with tnt. liz: what is the most important thing you as a businessman feel as you grow this sports empire, you want our viewers to know? >> i would like people to know we really put a lot of care into all the things we work on and i love the jaguars and the jaguars fans. i love fulham so much. i love the fans of fulham and i love wrestling and the wrestling fans and to create something new that's taken off so much in the last year. if it wasn't for them, i'm really happy because i am one of them. liz: last question. chiefs or 49ers? >> i can't give gambling advice. i'm legally not allowed to give gambling advice. liz: who would you like to see? >> i'm friends with both. i'm friends with the hunts and the yorks. liz: great to see you. >> really fun. thank you for having me. liz: tony khan ready to take on the wrestling world and of course, soccer. let me just show you over the fan experience what you can do at the nfl area. so this is a ball, this is a

wilson ball. oh, yeah. they will put your logo on there. there it goes. "the claman countdown" right there. they will do 600 of these each day leading up to the super bowl. all right. let's get back to the markets here. dow jones industrials pushing about 600 points to the downside. we are just off that level, now 587. stocks are getting clobbered into the close. "the claman countdown" is coming right back. stay with us. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence.

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jackie: i'm jackie deangelis. stocks getting swept in a sea of red but a few bright spots still to be found. reynolds consumer products rolling out on to the public market today. shares pricing in a range of 26 bucks. the reynolds wrap and hefty parent still in the green at this hour, up more than 8% on its first day of trading.

and deckers outdoor brands climbing to new all-time highs. the uggs maker getting a slew of price target hikes after raising guidance and beating on both the top and bottom lines in its latest quarter. and the threat of a class action lawsuit burning beyond meat this hour, shares taking a 6% hit despite a new promotion by carl's jr. and hardee's. the two burger chains set to offer free beyond items with the purchase of any large drink on monday, february 3rd as fans come down from their super bowl wings and beer high. speaking of that big game, we are heading back to liz claman live in miami for all the pregame action. "the claman countdown" is coming right back. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors

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liz: okay, gang. we split the screen at the moment. i just want to let you know, we are going commercial free right now as markets accelerate losses at the moment. stocks at new session lows. right now, the dow jones industrials have taken a dip even further. we are down 640 points. on the right-hand side of your screen, any moment, we are going to see members of the president's coronavirus task force brief the press. yes, there is now a task force. they will brief all the news media on the outbreak as the state department says it is working with other agencies now to organize more flights for u.s. citizens who are in china to return to the u.s. that would be the second or third flight now and that's just the u.s. you have a lot of other countries so we are blowing out all commercials. we are keeping an eye on the markets. s&p down 62. no surprise that gold is moving higher at the moment. we do have gold at about $1,591 a troy ounce. that's not a surprise.

it is a fear trade where people jump into gold when they are concerned. we are just over 48 hours away from super bowl liv here in miami. americans are not only prepping their epic super bowl party spreads but also getting ready to place their bets. this year, a record 26 million americans will wager some $7 billion on the highly anticipated matchup between the san francisco 49ers and kansas city chiefs. by the way, that's a 15% increase from last year's nfl championship game. what's behind the massive jump in now legal sports betting? the mushrooming business of online sports wagering from mobile phones. the ceo of foxbet, a first of its kind media and sports wagering partnership, joins me. robin, what kind of numbers are you expecting to see on sunday during the big game? >> massive. it's going to be the biggest stage. to give you some idea, sports betting, nfl is king. 80% of our customers bet on nfl, 40% of all bets are on nfl.

if i say the nfl is king, then super bowl is king of kings. we will be breaking all kinds of records. liz: look, obviously once the supreme court overturned that you can't wager on sports law a couple years ago, a couple of states have come out swinging. new jersey and pennsylvania. those are the only two places where people can get on a foxbet app and make wagers? >> well, the pace of legislation has moved faster than anybody thought. it's been 20 months since the supreme court overturned the prohibition, so there's 20 states that -- plus d.c. that have introduced legislation to legalize. not everybody is operational as yet. not all of those states are operational. but i think by the time we get to mid'20s i think you will see 30, 40 states legalized. currently we are in those two states. we have plans to be in four or five more by the end of the year. liz: when i talk to analysts and

said what's the next big growth area, they say wagering, e-gaming, sports. it is getting to be a very hot field. now, the partner that fox bet has, there's going to be a merger with flutter which is a uk company. what are we looking at here? possible publicly traded entity at some point? >> well, flutter and stars are currently listed but they will be listed in london, the combined business will be listed in london. again, we have two massive brands in the u.s., fan duel and fox bet. no, we expect, you know, we expect this market to be massive and we expect to take a big slice of that market. liz: isn't it in a way chicken and egg syndrome? you have to wait until it's everywhere in every state so that people who happen to be in california or iowa can jump on their mobile phone and make these bets. so it's a land grab at the moment, is it not? >> it is. now, if i think, if i look at those 20 plus states that have legalized already, you are getting about 40% of the

population. you get new york on board and california on board, absolutely, the numbers start to get pretty wild. and yes, it is a land grab. we've got our own strategy. we are targeting the recreational customer, the person who is betting $5, $10 just to spice up their viewing. i like to say i'm not in the sports wagering business, i'm in the gamefication of sports viewing. these people aren't betting their houses. it's small amounts, as i said, spice up the viewing. increase emotional intensity. liz: at this point, just to clarify, it's who's going to win the game versus that in-game experience that there's some sites that are now doing? >> absolutely. that's the thing. with fox, you know, they love this partnership because in time, it will lead to greater engagement of their content so you're not only just viewing the games to follow your bet. while the game is going on, it's almost like the game within the game. you can bet on things which are

happening in realtime. that's super exciting. liz: i don't know if you guys saw the cover of barron's but this was the place your bet article from a week ago. i said we already got robin from fox bet. he's in this, all the names in it. it is the next big hyper-growth sector. good to see you. >> pleasure. liz: all right. make sure to get your bets in before all the action begins. super bowl liv airs live right on fox starting at 6:30 p.m. eastern time on sunday. we need to get back to the markets. dow is now down 661 points. let's go to kristina partsinevelos live on the floor of the new york stock exchange. what is the sentiment on the floor at the moment? kristina: there's a lot of movement right now. people are yelling. we are seeing it down 665 points for the dow. why is that? you are seeing a trigger from the coronavirus, some uncertainties headed into the weekend, the end of the month, so there's some rebalancing and as well, keep in mind there's a rebalancing ahead of markets

opening, chinese markets opening later on sunday evening. there's a lot of repositioning here in the markets. we saw some of the broader selloff begin earlier in the day when we had manufacturing numbers come out from the midwest. that contributed to it. overall, though, it really is this coronavirus, it is creating almost an excuse to selloff given the highs we saw from yesterday. the vix, too, the volatility index, often used as a barometer, you are seeing it climb up. some of those laggards we are seeing across the board have a lot to do with the earnings report, exxon, their earnings came out lower, dow downgraded by an rbc analyst. visa. just look across the board, you are seeing all of those stocks, shares down over 4% for those dow losers. the s&p 500, very similar situation. if we are talking about for the month of january, though, for the month of january, originally we started the day, we saw some positive territory but it looks like the dow as well as the s&p

500 are closing or possibly could close in the red for the month. the nasdaq would be the only one that would be closing in the green. a lot of that has to do with amazon shares. we saw the stellar report revenue 21% higher, advertisers flocking to it. jeff bezos getting a lot richer just because share prices climbed higher. overall, look at this, the selloff continues. dow down 658 points at the moment. liz: thank you for giving us that sentiment on the floor. it's probably repeating itself at the cme and trading floors around the world. let me get to at & t. it is apparently reviewing its relationship with the national football league as the cost of its current satellite contract weigh ones the telecom giant's bottom line. charlie gasparino is here with me now, joined by john tatum. who doesn't like the nfl? this is unbelievable. charlie: it costs at & t an average, okay, over the next three years, $1.6 billion a

year. remember, they funnel it through directv which is their satellite operation which is losing customers. we should point out we were the first to report that that relationship was under review. did it about six months ago. i can now report that it's increasingly likely, now, you never say it's definitely going to happen but increasingly likely they are going to keep it. they can't sell it for $1.6 billion to another player, a streaming player would be the optimal one like amazon or apple, but they can't sell it for that price, which is very interesting. so they are probably going to keep it and eat the $1.6 billion cost. something that randall stevenson, the ceo who is trying to cut costs, doesn't want to do. why is it a big story? it's a huge story because we are sitting here at the super bowl, john's here, john knows more about the finances of the super bowl than anybody i know. how much money is coming in here this week? >> it will probably be $300 to $400 million of economic impact to the community. liz: i heard that some half a billion will come into the greater miami area, even people

not coming here, but why doesn't at & t monetize this? >> they don't have as good a sales force as mr. murdoch. $400 million in advertising. charlie: it is about mr. murdoch. he wants a show. >> it's all about mr. murdoch. charlie: a lot of it is cord cutting. cord cutting is a future expense that i think the nfl and all the teams and every company is sort of pricing in and that $1.6 billion that at & t is on the hook for the next three years, an average, 1.5, 1.7, you know, it's all over the place but it's in that average, they are on the hook for that. they can't sell it. they got to eat it. it's costing them too much money because of cord cutting. people are not buying directv. >> a lot of it, too, if you think back to the original directv before the acquisition, they would make the payment to retransmit all the games and fox and cbs would produce, then they would sell $350 annual subscriptions. so if you have two million, three million subscribers, but

now that's not the case. liz: stand by. we need to go to washington, d.c., because we have a news conference there on the coronavirus with the state department. let's listen in. >> i'm going to start by turning things over to dr. robert redfield, the director of the centers for disease control and prevention, to discuss the current situation on the novel coronavirus. dr. redfield? >> thank you, mr. secretary. let me give you an update on the current situation of the novel coronavirus. first, i want to emphasize this is a serious health situation in china, but i want to emphasize that the risk to the american public currently is low. our goal is to do all we can do to keep it that way. second, i want to recognize the concern that the american public may have and i want to reiterate what i just said. currently, the risk to the

american public is low. as of today, there are nearly 9,700 cases in china, with more than 200 deaths. additionally, currently, there are another 23 countries that have confirmed totally 132 cases. this also includes 12 individuals who have been confirmed in 6 countries who did not travel to china. cdc has launched an aggressive public health response focused on early case recognition, isolation of those cases identified, and contact tracing around those individuals. this response is a layered response which includes both targeted airport screening as well as heightened education and awareness of the american health care community to be vigilant in ascertaining the possibility of

recent travel to china when they are evaluating patients with upper respiratory tract infection. to date, we have confirmed six cases of this novel virus in the united states. most recent case had no travel history to china, but was a close personal contact of one of the previous cases that we had identified through our aggressive contact tracing. in addition, there are currently 191 individuals that are under investigation. once again, i want to emphasize that this is a significant global situation and it continues to evolve, but i also want to emphasize again that the risk at this time to the american public is low. mr. secretary? >> thank you, dr. redfield. i would now like to invite dr. anthony falci, director of the national institute of allergy and infectious disease, to

discuss the underlying rationale for the actions that i will be discussing after he concludes. >> thank you very much, mr. secretary. the concept that's underlying the action that you will hear about shortly is the issue of the unknown aspects of this particular outbreak. so let me enumerate just a few of these. i can start off by putting it into perspective by telling you i often get asked, we have an influenza outbreak here, we have about 8,000 deaths already, we have about 100,000 hospitalizations, why are we paying such attention and why are we doing the kinds of things we're doing here right now. well, the reason is despite the morbidity and mortality with influenza, there's a certainty, for example, of seasonal flu. i can tell you all guaranteed that as we get into march and april, the flu cases are going to go down. you can predict pretty accurately what the range of the mortality is and the hospitalizations, as we have done over the years. the issue now with this is that

there's a lot of unknowns. as you can see just from the media, the number of cases have steeply inclined each and every day. you know that in the beginning, we were not sure if there were asymptomatic infection which would make it a much broader outbreak than what we are seeing. now we know for sure that there are. it was not clear whether an asymptomatic person could transmit it to someone while they were asymptomatic. now we know from a recent report from germany that that is absolutely the case. there are a number of countries outside of china that have travel related cases and now what we are seeing is that there are secondary cases from them and we also have that in this country. the w.h.o. has issued, as you know, a public health emergency of international concern

declaration. if you put all these things together, i underscore what bob said. we still have a low risk to the american public, but we want to keep it at a low risk, and because there are so many unknowns here, we are going to take the action that the secretary will describe in a temporary way to make sure we mitigate as best as we possibly can this risk. thank you. >> thank you, dr. falci. today, president trump took decisive action to minimize the risk of the spread of novel coronavirus in the united states. since taking office, president trump has been clear, his top priority is the safety of the american people. in addition to the steps that the doctors have outlined, we continue to operationalize a multi-layered cross-agency public health response. following the world health organization's decision to

declare the 2019 novel coronavirus a public health emergency of international concern, i have today declared that the coronavirus presents a public health emergency in the united states. the actions we have taken and continue to take complement, complement the work of china and the world health organization to contain the outbreak within china. in accordance with the declaration beginning at 5:00 p.m. eastern standard time sunday, february 2nd, the united states government will implement temporary measures to increase our ability to detect and contain the coronavirus proactively and aggressively. any u.s. citizen returning to the united states who has been in hubei province in the previous 14 days will be subject to up to 14 days of mandatory quarantine to ensure they are provided proper medical care and

health screening. to be clear, this applies only to u.s. citizens who have been in hubei province in the past 14 days prior to their attempted entry into the united states. any u.s. citizen returning to the united states who has been in the rest of mainland china within the previous 14 days will undergo proactive entry health screening at a select number of ports of entry, and up to 14 days of monitored self-quarantine to ensure they have not contracted the virus and do not pose a public health risk. additionally, the president has signed a presidential proclamation using his authority pursuant to section 212f of the immigration and nationality act

temporarily suspending the entry into the united states of foreign nationals who pose a risk of transmitting the 2019 novel coronavirus. as a result, foreign nationals other than immediate family of u.s. citizens and permanent residents who have traveled in china within the last 14 days will be denied entry into the united states for this time. once again, these actions will become effective at 5:00 p.m. eastern standard time sunday, february 2nd. these prudent targeted and temporary actions will decrease the pressure on public health officials screening incoming travelers, expedite the processing of u.s. citizens and permanent residents returning from china, and ensure resources are focused on the health and safety of the american people. i want to stress, the risk of

infection for americans remains low and with these and our previous actions, we are working to keep the risk low. all agencies are working aggressively to monitor this continually evolving situation and to keep the public informed in a constantly transparent way. the united states appreciates china's efforts and coordination with public health officials across the globe, and continues to encourage the highest levels of transparency. it is likely that we will continue to see more cases in the united states in the coming days and weeks, including some limited person-to-person transmission. the american public can be assured the full weight of the u.s. government is working to safeguard the health and safety of the american people. i would now like to invite deputy secretary of state steve begen for an update. >> good afternoon.

thank you, secretary azar. i'm the deputy secretary of state and i represent the state department on the president's novel coronavirus task force. let me describe briefly the role of the department of state in the proceedings of this task force and our contributions. our first responsibility is to monitor events on the ground in china, where we have the presence of u.s. diplomats, and to give clear and accurate advice to american citizens and in particular, american travelers considering visiting or staying in china. in this particular case, this includes identifying any health or safety risks to which they may be subjected but also very importantly, identifying their access to essential services such as health care in parts of china that are affected by this coronavirus. china has an excellent health care system but in parts of the country, it is simply overwhelmed and the accessibility to that health care for any reason, including

potential infection but also any other type of accident in need of medical care may be compromised during the chinese government's own treatment of the consequences of this virus. finally, we also make our judgments based upon any obstacles, particularly obstacles to movement that american citizens might face in the country and in china, we have seen barriers to travel both within and without china, as well as between the united states and china, and so we have given prudent advice over the course of the week to american citizens in order for them to allow them to make the best possible choices for themselves. our second responsibility is to assist u.s. citizens in the affected areas as much as possible, because we have a presence on the ground we can provide advice and in some cases, we can make other arrangements but i want to emphasize this is as possible and we will continue to review what we can do in certain circumstances. finally, very importantly, the core mission of the department of state is to work closely with our international partners and

in this case, we are working very closely with the chinese government in order to address a number of related matters. let me start on behalf of the president and the secretary of state by extending our deepest compassion to the people of china. this has been a very difficult time for the chinese people. it came at a point of their peak holiday season. many are affected, many have lost loved ones or are enduring the illness of loved ones and i want the chinese people to know that they have the deepest sympathies of the united states of america. let me also say and echo what secretary azar said which is we are deeply appreciative of the close cooperation we have with the chinese government as we work together to try to find appropriate ways to address any risks and challenges from this virus. and finally, the united states will continue to cooperate with china in ways that we can potentially provide assistance, including technical assistance and also to the extent possible,

any critical supplies the chinese need in order to address this virus and we are working very hard to find donors and make arrangements so that we can begin to undertake a robust effort to help the chinese people get their arms around this outbreak. thank you. >> thank you, secretary. let me next invite the acting deputy secretary of the department of homeland security, ken cuccinelli, to take the podium. >> thank you, mr. secretary. i'm ken cuccinelli, acting deputy secretary of the department of homeland security, and i'm the department's representative on the task force led by secretary azar. several elements of the department of homeland security are engaged in implementing the medical strategy you heard described here, including customs border protection, which stands at our land ports, sea ports and airports and i will come back to the airports in a moment, particularly the office of field operations personnel, who you see when you come back

into the country from your travels. they are the first line of defense when you land and come to the country. additionally engaged is tsa, the security and engagement with the airlines. our chief medical officer in the department is in cwmd and we are providing medical support at the airports so we are using contract authority that we have to backfill the cdc personnel so they can be freed up for other missions at the airports where medical screening is being focused. fema continues to prepare and support hhs preparations themselves, and then the united states coast guard, of course, commands the ports of the united states and deals with incoming shipping which is obviously slower than the airplanes but coming nonetheless. and we are prepared to deal with each of those. the president's proclamation will have customs border protection ensuring that united

states citizens, legal permanent residents and their immediate families continue to enter the united states, though those coming from hubei province, as you heard from the secretary, will be subject to quarantine and the others from china, to screening. we will be implementing a funneling effort at the airports. this is done under the authority of the customs border protection and it will include seven airports. so starting 5:00 on sunday, eastern time, incoming flights from china will be funneled through seven airports. those airports are jfk, chicago's o'hare, in san francisco, seattle, atlanta, honolulu and lax. this is done under cbp's authority. it will be executed by the secretary of the department of homeland security consistent with the president's

proclamation and in support of that effort, again, so we can focus the expertise of the medical professionals that will do the screening to implement this. we will continue to support the medical efforts across the country both at our ports, our land, sea and air, as well as with personnel standing up some of the resiliency measures that hhs has been working on for some time. thank you. >> thank you, secretary cuccinelli. at this point, we would be happy to take some of your questions. would you like to get started? >> thank you, mr. secretary. if the risk is >> why go to such an extreme as. >> these are fairly incremental measures stems on top of the things we have already progress

a big leap in taking. you notice the many airlines have already stopped direct flights from china. we are seeing a significant. i can comment on the numbers. we have seen a significant reduction in people from the u.s. going to china. people from china coming to the u.s. already. this just helps us focus our efforts so that as we are dealing with the unknown, unknowns around incubation period. unknowns about the speed of transmissibility and unknowns about asymptomatic transmission and unknowns about severity. we take appropriate measure credential steps so that we can focus our resources. it is the bread-and-butter, of the public health. it is identify people who might be symptomatic or might have the disease. diagnose, isolate, treat, contact trace. that is a significant undertaking as we have already done with the six