[♪] lou: good evening, everybody. hundreds of have welcomed president trump and the first lady to india. 100,000 greeting and cheering the president's motorcade to mammoterra stadium. the president speaking to the crowd for almost an hour hailing the represent between the united states and india. president trump: since my inauguration, commerce between power two nations has increased by more than 40%.

india is now a major market for american exports and the united states is india's largest export market. a booming america is a great thing for india and is great for the world. and that's why we are so happy to announce that we have thanked the greatest economy ever in the history of the united states. lou: after the big rally the president and the first lady visited the taj mahal before traveling to new delhi where the president will be holding a news conference tomorrow morning. the coronavirus has worsened in many countries and stock markets were rocked by fierce of that worsening pandemic. health agencies have not

officially labeled the virus to be a pandemic. but we'll call kit -- we'll call it what it is. a pandemic that has already hit 30 nations. the market cop los mark -- the s 1.2 trillion dollars. treasury yields plunging to new lows. the 30-year yield reaching a new record low. we'll have much more on the implications of today's major stock sell-off and we will be discussing what we can expect in the days ahead with two of the foremost economists and friends of this newscast. a stunning error has bench

revealed. russia's interests force in this year's election. an intelligence official sells fox news there is no evidence that russia is making a specific play to help trump be rye elected in november. the intelligence official who briefed lawmakers last week may have overstated with the intel show. just the latest blunder in our intelligence community saying president trump is cleaning it up. the president's latest target is the foreign intelligence surveillance act, the very one used in 2016 to spy on his campaign. deadlines for revisions of the fisa program were moved to march 15 of this year. but despite the department of justice's inspector general

finding 17 times the fbi lied in one limited set of fisa warrant applications in their illicit scheme to overthrow president trump. not everyone seem to be upon board. the wal "wall street journal" ss officials are hesitant to-make changes to existing intelligence law. the attorney general scheduled to meet with senators tomorrow during their weekly lunch. the fisa renewal will reportedly be a topic of discussion. no public hearings, just another closed door meeting on capitol hill. this should serve as a reminder that the fisa courts themselves declared two of the five files a warrants against carter page themselves were invalid.

the same court that denied only 45 requests of 85,000 made to them. rubber stamp and political corruption. not a great ask dpp ask be kp. so far we don't know if or how they responded. none of it has been made public. there should be no more in my opinion, no more reauthorization of the fisa court, no matter what the attorney general or the gang of 8 says until the american people have absolute assures that abuses of power like the ones against president trump will never happen again. joining us,' congressman doug

collins. he's running for the united states senate in georgia. great to have you with us. thanks so much. let me start first with the fisa courts. how the responsible leaders in the senate and the house and this white house and the justice department now insist on reform and not to reauthorization those courts until that report is implemented. >> this is terrible. what's happening here. we set aside this continuing resolution so we can have time to take in the horowitz report, and the recommendations and give us time as a committee to look at this court to see what changes need to be made. anybody who thinks there is not to be changes made here is not being honest with themselves. the problems we have seen in the last few years have shown we need to make major changes so we can make sure american citizens

like carter page aren't spied upon and we don't go after political campaigns. so this is something that's got to be done. but i'm so disappointed on my chairman. he was so focused on everything else, we have not had any hearings to move the deadline. the bill they brought forward does not provide the protection. we need to restore confidence in this system. to simply say this should be rubber stamped is a wrong idea. lou: i want to congratulate you for your leadership in trying to bring these abuses to the public and trying to get reform. you sent a letter to chairman nadler of the judiciary committee. who i'm not sure what happens to my letters to chairman nadler.

they don't seem to get responded to. i said we have to look at what's going on here. we hear people who are very concerned about the politicization of the justice department under president trump and the long-term effects that had and the wonderful cabal with comey and strzok and page. they used a fake dossier. we need to look at this court and take it for what it is. that is a protection for the american people. lou: it stuns me that a.g. barr is hesitant as he put it. he has very lit toll show the american people after a year as

attorney general. what is he part of the problem now, whether it's fisa abuses or general political corruption throughout the top of the fbi and the justice department? >> i don't think so. i was disappointed on the mccabe issue. i think he should have been charged. lou: so did the inspector general. >> that would have sent a message to the american people that we can't lie to the fbi or law enforcement. all those folks are gone. we have mr. durham out there who is looking at this. and he did take it to the farther step of including the intelligence community in that investigation. i'm anxious to look at what's happening there. >> at what point do we say there is a problem. we are supposed to have a report as you well know. we still don't have any

resolution on fisa. instead we are getting noises like i'm hesitant when it's clear and plain as it can be that we have a tremendous problem in the fisa courts as you have documented. and i mean, and we have got obviously we listened to amy berman jackson in the roger stone trial. obviously as politically biased as she can be. and still nothing. and we have at the same time the chief justice of the united states who is responsible for those fisa courts telling people, trying to shove pablum down their throats that there is no trump justice, there is no obama justice, no children upon justice, no bush justice. bull, that's exactly what we are looking at here. apoliticizeed court.

>> i will understand if they want to make sure it doesn't hold up our true counter-intelligence. but we can do that without interfering with our true intent of that court. but if we don't restore faith in this system, then the american people are going to look at it as the problematic problem it is with the president and others that they don't trust their own lives weren't being surveilled because they don't trust the court that should be there to protect them. it's got to be done the right way so people can restore trust in that system. >> do you think any american should trust those courts until they are reformed? and do you think any american is dumb enough to think that the same nonsense, be patient, wait for this, wait for that. i think it's starting to be just

a little bit of a strain on the gut. >> i think the fisa court, when they complained on what they found have come to the conclusions, my hope is, this is the week we have a chance to stop it. it shouldn't be rubber stamped. i think there has to be some real discussion about it. i'm disappointed my chairman decided to mark something up without finding out the street results. i won't stop talking about this until we get some ream reform. lou: congressman doug collins. he's a candidate for the united states senate and the great state of the georgia. should congress refuse top reauthorize the nic -- the fisat

until the american people can be sure they will never see kp ' ask another attack like thinking. ' justice sotomayor has found a problem with the supreme court. she has found problems with trump judges. judicial watch's tom fitton will be here to straighten her out. the coronavirus spreading to pandemic levels. we are calling it a pandemic on this show because that's what it is. dr. anthony fauci joins us next. as a caricature artist, i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car

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more? he has asked for... what? well he did say please (all boys): thank you, thank you, thank you.

lou: breaking news on the coronavirus. 14 more coronavirus cases in this country confirmed. that brings the total number of cases to 53. 12 these cases are patients evacuated from the diamond princess cruise ship. the other two are from california. and there are the first 12

original cases. they have all been discharged. countries like iran, italy and south korea are expanding their lockdowns to more areas trying to contain the spread of the virus. global, 1,600 people have died from the virus. 97% of the cases are in china. 25,000 worldwide have recovered from the disease. a world health organization official says the gilliad drug is the only drug that may be able to treat the coronavirus. -the w.h.o. says there is only

one mat may treat the virus and that's remdesivir. joining us is anthony fauci. he is a member of president trump's coronavirus task force and has been a source of medicine and reason throughout. as we sit here tonight, things are worsening in parts of the country specifically italy, south korea, and a couple of other countries. your thoughts about where we are at this point. who what you just said now is going to be the defining factor of what ultimately happens globally and to us in the united states. as we are starting to see a disturbing amount of community spread in countries like south

korea, japan. now we are seeing it in iran. and other countries. when that happens, it becomes much more difficult to essentially inhibited spread even more out of those countries. so ultimately the fate of what happens depends on the capability of these other countries in containing the outbreak in their own country. if they fail because of a lack of resources or because they get overwhelmed, then we'll have a real problem and we won't be able to do the kinds of things we need to to keep people out because you can't exclude essentially everyone. lou: one of the most amazing things to me in this crisis. a pandemic, i will call it that as a journalist, a pandemic that

resulted in very few case gls this country to the credit of of our public health agencies and institutions like your own. and the president's task force. you have limited travel and it seems to be the principle reason we have so few. is that correct? >> yeah, i think the decision to do travel restrictions from china early on was, you know, a controversial decision because whenever you do travel restriction, there are always people who give reasons why that's not the appropriate thing to do. but it really did work for us. we had relatively few people who came in from china. and we were able to identify them. to do their isolation and contact trace. that put us a step ahead of a swarm of people that might have

come in which would have made it very difficult for us to handle that. lou: amongst the other good news it seems to me is something we have that folk -- we haven't focused as much as we should have, that's the number of people reof covering from this virus. that number is rising. 25,000. there are still 79,000 cases. but they are approaching a third recovery rate in terms of gross numbers. shoe when you look at the total number of cases that have come to the attention of health authorities in chain a which overwhelmingly has the largest number of individuals. 75-80 percent of them do quite well. only 20:% of them require the

intensive hospital care that's need. people do well. those who don't, particularly the elderly and people with underlying conditions, it can be devastating. lou: 2,600 people dead. the number, the mortality rate does not rise nearly to the level we were fearing initially to the sars mortality rate. and we have gotten reports out of china that the highest mortality rate is in wuhan, the epicenter of this outbreak. >> that is correct. there is no medical or physiological reason why something should have a higher death rate in a particular location except what we believe is happening is it's so intense

in wuhan that they are not necessarily counting many people who are infected and have minimum symptoms and don't get counted. so as a denominator of the equation is lower. you have a higher death rate. outside when you have more opportunity to get a better grasp of the number of people who are infected, you are going to be counting people with minimum symptoms. so it will look like a more realistic death rate which is likely less than the 2% to 3% copping from the middle of the epicenter. lou: the anti-le viral vaccine. is there significant progress the last week that you can share with us? >> there are a couple of clinical trials that could be

initiated to determine if a couple of anti-viral dugs could work. we may be able to have some have some benefit. but as i mentioned to you a few times. vaccine is going to take at least a year or more before we even know we have a candidate that works. lou: i'm going to have to live with that. i still hope we can make it much sooner as i know you and your entire team do. thanks for being with us. we would like to hear your thoughts. share your comments. follow me on twitter and instagram @loudobbstonight. congressman jim jordan, secretary of health and human services, alex azar among our

guests tomorrow. judge amy berman jackson, she doesn't like roger stone, it's pretty clear. we'll take that up with tom fitton. more great poll numbers for president trump. we'll take it up with the ♪ it's surprising how the bigger a city gets... the smaller it starts to feel. which makes it even more surprising, how big it feels in here. with sliding rear seats... and more available second row legroom than say... a chevy suburban. this is the completely reimagined 2020 ford escape.

[♪] lou: more great poll numbers for president trump and his reelection campaign. 65% of registered voters say president trump will definitely or probably be re-elected in november. the poll conducted among 10,000 registered voters. the margin of error 1.2%. that's the most impressive

margin of error i have seen in a long time. ed rollins, what do you think of that poll? >> i think it's a great poll. they have run a brilliant campaign so far. the democrats go from playing miniature golf in new hampshire and iowa, one week from tuesday you are going to have 16 states, california, texas, they are no more prepared for those races. lou: who is not prepared? >> democrats aren't. lou: wait a minute. you have got two billionaires. you have got senators. you have representation in middle america? >> if the senators were billionaires. the truth of the matter is nobody will have money except

bloomberg. lou: steyer is a mini billionaire. >> he spent $20 million on television in south carolina. we'll see where he comes in there. bernie sanders has a grassroots movement like nobody else has will be their nominee whether they like it or not. i think the realities, if they try to take it away from him, there will be a holy war with the young voters. lou: i am not as convinced as you are. this is bernie sanders on "60 minutes" holding forth on his affection for fidel castro and cuban communism. >> it's unfair to say everything is bad. when fidel castro came into

office, you know what he did? he had a moss idea' ask literacy -- he has a massive literacy program. is that bad? >> bernie sanders is a guy who believe in himself. lou: he's defending communism. has he been to cuba recently? who he does not get where the country is, especially against a president who has moved the economy forward. lou: you say that he's not in tune with the country. when you are looking at 50% of hispanics in the nevada caucuses, 51% supporting him. when you are looking at basically all of the young votes

going to one communist, socialist, who is 77 years old. that's pretty stunning stuff. >> if you were giving everything out for free, they would love you, too. if you want free healthcare or free education. all the things he's promising we can't afford without resetting our priorities. we want to fight with rocks and bean arrows, that's what we'll end up doing. the ideas this guy coming in with these expensive programs without any means of paying for them other than i will tax the billionaires later. it won't work. lou: he didn't even have a price tag for half the stuff he says

he wants to do. maybe what we could do, what do you think of this idea. one of those dimms should be running on a real socialist campaign. the nba, professional athletes and major league baseball, everybody, they should start by make an example. why don't they pay everybody the same? if they are socialists and they like left wing politics -- le bron james, even it out. >> i don't think he's going to work for the minimum. think of all the basketball players you can feel. lou: ed rollins, good to have you back.

justice sotomayor. tom fitton right i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424.

lou: supreme court justice sonia sotomayor does not like-that the with court voted, on she ask

criticized her republican colleagues for siding with the administration. first of all, justice roberts, no clinton judges, no imawm judges, no trump judges. it's pretty clear she is decidedly on the left. >> it's a typical leftist approach, if you disagree with them you have to have an improper motive. in our judiciary today you have judges put politics before the rule of law and let their anti-trump animus get in the way to the traditional approach to judicial decision making. you have local courts trying to run our immigration system and

justice sotomayor would support that. so the idea she is complaining about politics is just rich. lou: judge amy berman jackson, speaking of animus and partisanship, she is over the moon here against president trump and roger stone. why would there be any doubt whatsoever that he could have a new trial? to me this is such an obvious case of prejudice, i can't manage why it wouldn't be immediately successful on appeal. >> we'll see how she rules. i didn't like her statements in the sentencing of roger stone citing evidence of criminality on the part of the president. she has to look at the box,

what's in the box she has before her. my concern is the justice department hasn't taken any strong action on this issue of the juror who may have lied about her politics or involvement or activities regarding roger stone. you have the justice department pushing for the stone prosecution. calling it i righteous prosecution. having 6 or 7 different positions. judges are going to do what they are going to do. but the justice department, that's the accountable branch most directly. and they are pushing hard on this abuse of stone and that needs to be the focus rather than the judge at this point. lou: let's talk about the obama deep staiptd covering for hillary clinton.

tell us about the judicial watch's discovery of emails that hillary clinton apologized to them for her private server. >> these are documents from the justice department and fbi. the strzok email is responding to concerns out of congress about the way they handled the hillary clinton interview. strzok says she apologized and said she did it out of convenience. but that wasn't put into the fbi's 302. so we have confirmation that the 302 is incomplete. another reason for the justice department to reopen it. and to this day the justice department is still defending hillary clinton. lou: tom fitton means literally

in court defending hillary clinton. a trail blazing mathematician. she helped it americans on the moon. you may snow katherine johnson better from the movie "hidden figures." johnson began working at nasa in 1953. during her time she calculated rocket trajectories and earth orbits for nasa's early space missions including those hat needed to return the apollo lunar lander to space. katherine johnson, 101 years

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lou: a huge sell-off on wall street. the dow falling more than 1,000

points. the nasdaq plummeting 355. the largest volume of the year. crude oil closing up, $51.60. a reminder to listen to my reports three times to coast on the salem radio network. joining us is bill lee, chief economist at the milken institute. let me start if i may, bill, with you. we saw $1.2 trillion lost in the market today. it felt bad. it could have been worse. what's your take from this runoff? >> today the markets woke up with a vote of no confidence in

the public health in italy and iran. we learned the virus has hit europe. even though the chinese aren't clear what the numbers are. one thing we can count on is the europeans and the regulatory process they go through won't be able to contain the virus. that's what we should worry about. lou: the united states, the biggest markets, the biggest economy. we have the fewest issues in this country. it's amazing in termspopulatione been. >> that health plan, there is a lot of worry about global supply chains. whether the multi-national

corporations will be able to obtain the products they-need for manufacturing. they do the r & d and the business side of the stuff here in the u.s. but make the products elsewhere. will they get enough product out of countries adversely affected by the coronavirus to hit their earnings targets? lou: it's a vulnerable feeling to look at the major companies involved and see that they are not u.s. companies. >> we have been told that globalization helps us specialize. when you single source something, you need to watch out. because you will deem yourself in a position like this. we now discover that just as

inventories can set back growth and trade, and that's something we need to adjust as trade policies go forward. lou: it seeser time business, corporate america is overwell'ed by an orthodoxy, supply chains, drersified -- diversified. sudden think that's not an advantage. >> this holds true with your investment portfolio and supply chain. where you are getting natural resources from. the more localized your production is, the greater is the risk that something could go wrong and you won't be able to get the product or materials you need. lou: one of the issues is

national security. to have our first producing national security products and services, for example, far suit cals that -- pharmaceuticals which are essential, it's a real risk. >> the gillias drug, the chinese are discouraging its use because they are trying to push their own drug. even when you have development work here in the united states. its transmission to the rest of the world, we need to develop our own industries to develop the research and to manufacture the stuff en masse to benefit the people of this country. >> we used to have an incentive

to manufacture drugs in puerto rico. we took that away and it hurt the puerto rican economy. we need to keep this close to home. lou: which is what president trump has been preaching for four years. a year of campaigning and three years of running the country. it's an interesting moment in history. how is the market in your judgment -- how is it going to look the next few days? >> the futures markets are seeing the terms. people wake up and say there are some great valuations out there. why should google suffer when it has no china connections. why should microsoft suffer? i worry about that because it's too soon. people have to digest where this virus is going and markets

overreact. lou: i'm not waiting on the w.h.o. any longer or any of these government agencies to tell me what to call this. this is a pandemic, and we are all adults. >> we don't have any hard evidence the pandemic is receding, we have to be aware of the risks we are facing. they don't have recent precedence. we have to go back to 1918 to we have to go back to 1918 to find a and deputy i can that there's smart and then there's street smart, like a hybrid with best in class epa estimated range of more than five hundred eighty two miles. and ford co-pilot 360 technology to help you outsmart some of the things you'll encounter on the road.

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lou: our poll question last friday. we asked, if radical dimms and the left-wing media will ever stop using unnamed sources to support their political agenda. 96% said no. doug collins on the urgent need to address fisa abuses. >> if we don't restore faith in this system, the american people will look at it as the problematic problem where they don't trust their own lives aren't being surveilled. we can do this.

but it's got to be done in the right way so people can restore trust in that system. lou: lauren: it is 5:00 cam. here are your top stories. will it be a turnaround tuesday, markets making a comeback after the dow had the worst day in two years as the coronavirus spread across the globe, the latest on the deadly virus and what to expect from markets today. cheryl: the dow is up 53 points in the premarket as president trump continues his india trip, just wrapping up a round table with dozens of business leaders. he is set to speak about the visit in more than an hour. we have what to expect. lauren: it's debate day for the 2020 democrats and last chance for delegates before super tuesday. why it could be joe biden's last stand after his south carolina secret weapon may be about to