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

backfire. it is tuesday, february 25th. "fbn: a.m." starts right now. ♪ ♪ cheryl: we're a little shaken up after yesterday. today is a new day. welcome to "fbn: a.m.." good morning, i'm cheryl casone. lauren: it's looking a little better this morning. good morning to you at home. i'm lauren. cheryl: let's take a look at how your money is moving on tuesday after the dow suffered the worst point decline in more than two years yesterday. we have green arrows this morning, dow up 55 in the premarket, s&p is up 8 and-a-half, nasdaq up 44. lauren: let's take a look at commodities this morning, oil prices are down, 51, 32 a

barrel, gold is giving back $23 at 16, 53 an ounce. yesterday was the highest settle for gold since 2013. cheryl: prices spiked on a flight to safety yesterday. we're seeing a bit of a loss on the yield but a slight loss, just point five basis points on the 10 year. lauren: japan is back open, the nikkei ending in the red, down 3.3% today. we do see gains in south korea making a comeback there as well as in hong kong. cheryl: nice to see for the kospi there. taking a look at germany after yesterday's 4% drop for that market, there is actually red arrows on the dax right now. as you can see, we've got red arrows for the ftse and cac as well. our top story continues to be the coronavirus, the death toll from this outbreak has grown with more than 2600 people now confirmed dead, at least 80,000 confirmed cases worldwide

including 53 now in the united states. meanwhile, the fda stepping up to ensure the quality of foreign products by increasing inspections of all imports coming in from china. lauren: aishah hasnie joins us live with the latest on this deadly virus. aishah, good morning. >> reporter: good morning, lauren and cheryl. let's talk about the dow, recording the worst day in two years as the coronavirus spreads around the world. it dropped over 1,000 points monday, the third worst single day drop in history. the s&p and nasdaq also falling by more than 3%. dow futures suggesting markets will climb back up today. we saw the green arrow this morning, in part because of a potential new vaccine. a drug maker moderna shipped vials of the vaccine to government researchers and a clinical trial could happen as early as april. the white house is taking steps to stop a potential global pandemic risk, requesting $2.5 billion from congress.

vice president mike pence says the administration's priority right now is the safety of americans. >> we immediately instigated screening at five major airports across the country. we required people to participate in quarantined to ensure that the coronavirus doesn't make its way into the united states. we first and foremost have taken unprecedented action to protect the health and well-being of the american people. >> reporter: that's what the vp says. democrats, though, say it's not nearly enough. house speaker nancy pelosi slamming the president as he's overseas right now. in a tweet overnight, she wrote, americans need a coordinated fully funded whole of government response to keep them and their loved ones safe. the president's request for coronavirus response funding is long overdue and completely inadequate to the scale of this

emergency, she says. now, health and human services secretary will appear before the senate and the house this week, likely to face some questions on the money to be able to fight this outbreak. right now, though, again, just a check on this, more than 80,000 cases are confirmed worldwide, lauren and cheryl, 2600 people have already died. back to you. lauren: aishah, thank you very much. two more major u.s. companies are warning about the impact of the virus on their bottom lines. united airlines, that stock tumbling more than 3% yesterday, shares of mastercard plunging more than 4% and of course the cruise lines devastated yesterday as well. cheryl: we'll see how the stocks perform today. now a fox business alert for you. quote, the u.s. and india partnership is stronger than ever before. that is from president trump and actually he is speaking right now in india. let's take you to some live pictures. he continues his two-day trip to india. we believe we've got live

pictures. if not, we have kevin cork standing by live in new delhi where the president is right now and we're looking for some pictures of mr. trump. kevin stand by now to president trump. >> we know many of you have invested. we thank you. thank you very much, mr. president. you've made us even richer. but the fact is, other than yesterday, which was something pretty bad with respect to the virus and we'll see what happens. i see the futures are up today, up fairly substantially. but that's very serious thing but we think we're in very good shape in the united states. we've essentially closed the borders to areas where we had to close them and we had very few, we took in 32 people over the last two days because they were sick and they're americans and they're great people, you know, what are you going to do. they're in quarantine. but we had essentially 12 people, many of them are getting better now. soon they'll all be better, we

hope and we're watching carefully so we've had a good stretch of -- let's just say we're fortunate so far and we think it's going to remain that way. china's working very, very hard. i've spoken to president xi and they're working very hard and you know anything about him, i think he'll be in pretty good shape. they've had a rough patch and i think right now they have it -- it looks like they're getting it under control more and more. they're getting it more and more under control. so i think that's a problem that's going to go away but we lost almost 1,000 points yesterday on the market and that is something -- you know, things like that happen. and you have it in your business all the time. had nothing to do with you. it's an outside source that nobody would have ever predicted, if you go back six months or three months ago, nobody would haveeve have ever predicted. i think it's going to be under

control. i think for our country, for our country it's under control. we do business with a lot of other countries. we take care, we work with other countries, we want other done troys be happy, healthy and well. they've got to be happy, healthy and well, it's very simple. and so let's see how it all works out but i think it's going to work out fine. i hope so. we're working very hard. we're spending a tremendous amount of money also on -- we asked for $2.5 billion on getting everything ready just in case something should happen and also helping other nations that aren't equipped to do it. with that, it's an honor to be with you and if you'd like to ask some questions and how much you should invest in the united states of america, i'll tell you where to invest and how to invest. we did a lot of business with india where they're buying $3 billion worth of helicopters, great helicopter, we make the best military equipment in the world, by far. and the prime minister actually said if you were president 30

years ago, we'd have all your equipment but they started buying many years ago from another nation and others and now they're starting to buy from us. so that's an honor. but we're up to a pretty high number. we'll be up very quick throw a pretty high number and we do make by far the best and they want to have the best so that's what we do. thank you all very much. if the press wants to stay for a couple questions, you know, we're going to be having a news conference at 5:00, so you can go to that. or you can stay and hear some of these questions from truly some of the greatest business leaders anywhere in the world. now, if you'd like to do, i could do this, steve, i could read the book for you and we could have a nice beautiful little speech and we'll take five minutes and you'll fall asleep and they might find it interesting, i don't know about them, but you guys have heard it before. please, if you have any questions, please. okay. let's go home. we must have done a very good job. you want to say something about

the energy business? please. >> .>> i expect that very near future we're going to have a new energy deal and so far -- [ indiscernible ] >> sounds nice. sounds like a trump rally, actually. [ laughter ] >> we're actually saying hello to the embassy people. >> in the last two years we've seen a remarkable uptick in the purchases of u.s. oil and gas by india and when the president was elected in 2017 that number was approximately 25,000 barrels per day of crude oil. it is now over 250,000 barrels per day, 10-fold increase, and we expect it to significantly

get better from here. >> it's going up very, very rapidly. thank you very much, dan. really a great job. where is robert? yes, please. >> i'd like to hear why some of these companies have decided to invest in the united states. >> okay. would anybody like to say? go ahead, please. >> [ indiscernible ] >> good. >> [ indiscernible ] >> great job, yeah. >> [ indiscernible ] >> which to you is more important, the tax cuts, we did massive tax cuts or the regulation cuts? >> both, both. >> i've had a lot of people in your positions running the biggest companies in the world

saying the tax cuts were very important but the regulation cuts may have been more important. >> regulation cuts are more important -- [ indiscernible ] >> that's fantastic. thank you. that's great. i heard that you were doing that and i really appreciate it and ivanka appreciates it. she wanted to get 500,000 people jobs and if you know her, within about two weeks, she had that one done. and i think you're up to over 15 million people being trained by great companies, some great companies, walmart was very much instrumental and some of the companies in this room. yeah. they've done a great -- so it's up to 15. i don't think government can

teach jobs like that. in other words, you teach something and it's complex stuff, government is not equipped to do that. we could put all the money we want into government to do it and they're not equipped to do it so thank you very much. that's fantastic. great story. thank you. yes, sir. >> mr. president, you talk about regulations, i want to confirm that -- [ indiscernible ] -- we invested $1 billion and right now we're on the short list, a decision could come by the end of the year. if that comes through, we will happily put in another billion. >> very good. you've done a great job. so when are the bids due? when are they due?

>> we're told sometime around august. >> how many vans is it that you'd be making? >> about 180,000. >> wow. that's a big business, isn't it? >> we were told that -- [ indiscernible ] >> that's right. >> guess who makes right hand drive diesels. >> well, good luck. that's great. that's good luck. yes, sir, please. >> [ indiscernible ]

-- venture for new drugs for therapy. >> sure, sure. >> mainly on the healthcare side, how do you see companies like ours -- [ indiscernible ] >> healthcare is very important to the republican party, i will tell you. we haven't been talk about it, we've been doing. we got rid of the individual mandate which was a disaster in obamacare, which ended obamacare. we're taking the shell of obamacare and really running it well. i had a choice, i could run it well or i could run it poorly. then everybody would be upset and they'd blame president obama. we decided to run it well. but we would like to terminate it and put in great healthcare. we can do that. when you look at single payer, when you look at what byrn berne sanders and others want to do for the democrats, it's not

going to work. it's not going to be good even if it did work and it's going to be totally unaffordable. i've been pretty good at markets. the fact that they're even looking like they're in the hunt i think drives our stock market down. when we win re-election, i think we will, when we win, i think the market's going to go up, it's going to be like a rocket ship, like last time, but even more so. i think the fact that the democrats are so radical, so out of control, they honestly don't know what they're doing, you see what's happening, they want to tell you about healthcare and yet they can't count their own votes. now they're even saying that if you look at nevada, and that's all messed up with the vote count and some of them are questioning the votes but certainly iowa, i've never seen anything like it and i've been watching politics for a long time, been involved with it now for a while and i've never seen anything like it.

but i think the fact that there's an election coming up, i think a lot of people think we're going to win the election. i feel we're going to win the election because what we've done for jobs and for the military, for the vets, what we've done for healthcare, what we've done for healthcare is incredible including giving options to obamacare at a far less cost, a cost that's much less. but if you look at all of the things that we've done, rebuilding our military, the biggest tax cuts in history, regulation cuts, that brought all you people -- that's why you're in the united states and you're very happy and you're going in with more. but i think until the election is over, people -- and it's not just bernie sanders. it's others too. i think if people thought that there was a real chance of them getting it, it really is going to keep the market down. the market's been up 7o # 80, 90%, you can look at 16

different definitions, but the country's been incredible. it had one bad day, that was yesterday. futures are up today a little bit. when you look at what we've done in terms of the percentage, even taking 1,000 points off, the numbers are incredible. if the other side had gotten in, i think it would have been 50 or 60 points down from where it was. because the big thing, again, these regulation cuts, they were going to put more regulations on. you were being strangled, whether the keystone pipeline, dakota access pipeline, 48,000 jobs between the two of them, nothing was getting done, nothing was going to be built. it would take you 20 years to get a highway approved, take you 20 years to get a roadway approved and it was out of control. we have that way down, that number is way, way down. and they may not get approved because if it doesn't work from a safety standpoint or an environmental standpoint, we don't want to get it approved either. we're not going to let them have it approved. it's going to end up taking two

years, we're trying to get it down to less than that. if it doesn't work, at least you're going to find -- how about working on something for 21 years and you find out it got rejected. half of your working life, of course nowadays with people retiring so early it's more than half, right, but half of your working life you're trying to get an approval. and then after 20 or 21 years, they reject you. they reject three to two. that happens. so we've done a real job. but i think that frankly until the election is over, our market, it's phenomenal but our market will jump thousands and thousands of points if i win. if i don't win, you're going to see a crash like you've never seen before. i really mean it too. okay. anybody else? yes, sir, please. >> [ indiscernible ] >> i actually follow you guys, what you're investing.

>> [ indiscernible ] > >> that was one of the things i said. i pot little note in handwriting, you have to make the pipe in the usa, right. they said sir, this will take two weeks. i said no, it doesn't. we had a little problem because they already bought the pipe than was a little bit unfair to them, i thought. so we had to sort of let them do what they had to do. but they had bought much of the pipe and dakota access pipeline was already built except for the one rifer are aver car -- rivert i freed up for them. that's great. is that what you do? >> [ indiscernible ] >> thank you very much. that's very nice to say. i appreciate it. thank you for the investment. yes, sir, please. >> [ indiscernible ]

>> right, i know that. yeah. some of the regulations have to go through what they call statutory process where you started to cut -- we have the secretary of commerce here and wilbur knows exactly what this is all about. you have a statutory process, so we're going to cut regulations but we have to give a 90 day notice, then we have to give 120 days, then we have to give 30 days. we're in that process right now with respect to a lot. we're going to cut a lot more regulations and we're going to also have regulations. you need regulations for safety

and environmental. no president has ever cut anywhere close though what we've done and i've done it in three years and some of them have been for eight and in one case more than eight. no president has come close. but we are in statutory environments where we have to go-we have one where we have to wait six months before we do phase two and there's four or five phases and they're all in a pipeline to get cut and there's a certain period in about seven or eight months from now where a lot of them are going to be gone. but we go through the process. but you've seen a big difference. thank you very much. it will only get better too. yes, sir, please. >> [ indiscernible ] >> yeah, big one, $7 billion.

big one. >> [ indiscernible ] >> right, exactly. >> [ indiscernible ] s. >> you're doing 4g. are you going to do 5g too? >> [ indiscernible ] >> huawei. that's good. good. put a bid in. >> i have to thank you for your leadership, not only like for what you've done in the u.s., in india we would have never imagined the income tax rates have come down in -- >> they followed us.

>> all of us in the business community are grateful and i think that -- [ indiscernible ] >> right, right. they're getting approved a lot quicker. >> they're getting approved. [ indiscernible ] >> it will be as long as i'm here but if the wrong person gets elected that won't happen at all and everything will come to a halt and your unemployment rate will go up to 8 or 9 or 10 and a lot of bad things will happen and that -- it is holding back, there's no question about it. i mean, i think we're favored to win, somebody said 65%. but 65% means there's 35% of something that people don't want and it would be devastating because the economy's never been as good as it is right now. it's being held back by the that we have an election coming up. i don't think there's anybody on the other side that's going to

be very inspirational. certainly doesn't look like it. so we'll see what happens. great job you've done. fantastic. yes, sir, please. >> [ indiscernible ] >> how much? >> [ indiscernible ] >> 70 what? >> [ indiscernible ] >> it's nice when you can say that's a small company. >> [ indiscernible ] >> it's a great state. those people are incredible. >> [ indiscernible ] >> they'll get that done. so you deal with the governor? the governor, he's a great

governor, actually. he'll get it done. good, thank you very much. thank you. yes, sir, please. >> thank you for the opportunity, mr. president. we made two acquisitions in the u.s., about $12 million. the first company is called novelis. >> yep. >> [ indiscernible ] >> mostly aluminum, mostly aluminum. how is that going? how's it all going? we helped you a lot, right, with the tariffs. >> [ indiscernible ] zo>> good. yeah. >> [ indiscernible ]

>> you got to very quickly. if i weren't elected the aluminum business in the united states would be absolutely dead and the steel business would be dead too, frankly. they were dumping steel all over the place and bad things were happening. it wasn't good dumping, it was sand steel, it was garbage. we got it straightened out. the aluminum business has made a big comeback. that's good. >> we also have a company by the name of colombian chemicals, the largest producer of -- [ indiscernible ] >> your total investment was

12, did you say, $12 billion, that's a big investment. that's a big investment. that's good. that's good. big. >> [ indiscernible ] >> and it means jobs. we just signed a deal with china and they're going to be spending $250 billion a year now on our country, $50 billion will go -- 40 or 50 will go to the farmers for the purchase of farm product but china's been -- it's going to be a great deal. we're very happy with it. they're going to take care of their other problem i hope quickly. it's going to be an amazing

deal. thank you. great job. yes, sir. >> [ indiscernible ] >> good. >> [ indiscernible ] >> thank you. great job. i know your company. great job. and you know, we now also have it so money can come in when your money's offshore, you can bring it in, before it was impossible virtually. both bureaucratically and the rate was so high, nobody would pay it, so nothing came in. now we have billions and

billions of dollars. apple is bringing in 350 billion and they're building plants. a lot of things are happening. great things. thank you very much. please. >> [ indiscernible ] >> yes. >> [ indiscernible ] >> great. great job. i know what you've done. great job. thank you. so i want to thank you. go ahead, let's go. i was just going to say get out of here but everyone wants a question now. there's a young brilliant business man. go ahead. >> thank you for the opportunity. [ indiscernible ] -a young start-up. we came to the united states less than a year back.

[ indiscernible ] >> that's fantastic. >> [ indiscernible ] >> is that where you invest, those areas? >?how many hotels do you have right now? >> [ indiscernible ] >> that's fantastic. that is really great. i actually know of your company. not such a small company, by the way. good jube. thank you very much -- good job. thank you very much. please. we'll do one and one, okay. go ahead. >>

[ indiscernible ] >> this one is a big one, right? this is a big guy, this is a big player. go ahead. i know him very well. i've seen him on enough covers, i should know him. right? go ahead. how's it going? >> [ indiscernible ]

>> three years ago it was just the opposite, it was one of the worst countries to do business in. you couldn't get approvals. you couldn't get anything done. you were sued for environmental reasons, not because of the environment, just because it was a way of stopping a project that would produce jobs. and i'm a big believer in the environment and i want to take care of the environment but they were just using the laws and we don't let that happen anymore. but if it's something that is wrong, you know better than anybody, we stop them from doing it. but you've done an incredible job. and the steel industry was dead in our country and we need -- there's certain industries you can do without to be honest with you, certain industries, we can name a lot of them but steel you need from a military and aluminum you need, you've got to have the aluminum but steel you need probably more than anything else, you have to have it and

the job you've done is incredible. biggest in the world by far. the job you've done is incredible. >> [ indiscernible ] >> good. that's great. >> [ indiscernible ] >> good. you let me know, i'll be there for the ground-breaking. no, that's a great -- i know you're looking at alabama, right? i had heard that. that's great. for a very -- that's a big plant and that's going to be the super efficient, super modern, that's going to be a showcase, i hear. >> [ indiscernible ] >> [ laughter ] >> no, but people know about that. that's a great thing for alabama and it's an incredible place to invest. >> [ indiscernible ] >> well, we are doing things.

one of the things we're doing, we're going to be announcing another tax cut in not so long a period of time, largely for middle income people. because we gave them a good tax cut but we're going to give them fairly substantial cut and that gives a lot of money to the consumer. one of the reasons we're doing well and other countries are not doing well, china's having a hard time, they're all really not too many are doing well. we're doing better than anybody in the world by far is because our consumer is rich now because of what we've done with a lot of things, jobs, but also tax cuts. they have money. and other consumers don't have money. so that's great. that's really -- it's an honor to meet you again and it was good seeing you there and i look forward to seeing that plant go up but i think you're going to probably be doing numerous plants in the unite united stat. >> [ indiscernible ]

>> right, right. >> [ indiscernible ] >> you gave them the bonus, you gave them a piece of the cut and the rest went into investment. no, it's a great thing. thank you very much. that's beautiful. thank you. okay. final question. go ahead. go ahead. >> we've been in the u.s. for 35 years, we made about 25 investments, 5 billion. >> good. >> [ indiscernible ] -- farmers really suffered and i think there's a lot of excitement. >> yeah, there is. >> help us grow our business. >> they were targeted. i'm not blaming china for that because they want to try and win

something and they were targeted and i made up the difference, as you know, with the tariffs. that came from china. they got targeted from china and then i took money from china, gave it to the farmers. and frankly, they didn't want it. they just want a level playing feevmentd they're incredible people but they did well, now they're really doing well because you're seeing the numbers coming out and it's going to be something very special. not only that, we have 40 billion coming in from japan. we have a tremendous amount coming in from the new trade deal we made with south korea and then canada and mexico are going to be -- you know, the deal is fantastic for our farmers. this is -- that's right, i mean, that's right, in the truest sense. >> [ indiscernible ] >> and you have good new head of the world bank too. he's one of our people. >> [ indiscernible ] >> oh, yeah, yeah, sure. that definitely. you said the world bank. that's right. but that also. listen, i want to thank you all. congratulations on your success. we hope you come to the united

states, invest more billions, because i view it not as billions, i view it as jobs and we have great people and we have the greatest country in the world, in my book. and by the way, india, this has been an honor to be here and you have a very special prime minister. you have somebody who is very special and he really knows what he's doing. somebody said he's such a nice man, i said, well, actually he's a very tough man. he's a nice man, he can be. he can also be as tough as they come. he's done a fantastic job and we work closely together. we create jobs here and he creates jobs over there through yourselves. anything we can do, let us know. congratulations on your success. ism going to say hello to all the people that work at the embassy and then we'll have a little news conference, unless you guys don't want to do it. maybe we don't have to do it. you could just see them saying no. last time i met many, many prime

ministers, presidents, for three days, i said let's cancel the news conference because i saw these guys every 45 minutes and when i canceled the news conference all hell broke out. so we're not going to do that. so 5:00 we'll see you at 5:00, okay. thank you everybody. great honor. thank you very much. cheryl: president trump hosting in new delhi at the u.s. embassy a business round table, meeting with many teeders from technology and energy, infrastructure, drug companies in india. kevin cork is live in new delhi right now, he has been standing by, listening to the president's remarks to the business round table. kevin, your thoughts on this relationship and the forging between india and the united states and business? >> reporter: listen, wide-ranging conversation, right. we've anticipated the president would do that. he has a propensity to do this when he goes internationally, he likes to talk, he wants to engage with the group. he wants to make sure that he's not only answering questions

that might be a little bit let's just say off-topic for a general news conference but he also wants to help promote the american brand and i found it very interesting, he talked about regulations, tax relief, the stock market, innovation, the importance thereof, you and i have talked about that at length. what really struck me was in addition to celebrating once again our relationship with india, he talked about government run healthcare. he talked about tweaking obamacare, losing the individual mandate and i mention that because in this political season he also talked about single payer, that is a medical plan being promoted by the democrats' current frontrunner, that would be bernie sanders, the senator from the great state of vermont. very interesting to hear the president's comments about all that and other topics. i was left with this main impression. number one, america is open for business. number two, there is a lot more that we can do as american business -- as american business community to invest in india but

also encourage them to invest in the u.s. and i think number three, he has a very strong relationship with the prime minister. we'll see if that strong relationship will help them move forward in a trade negotiation. back to you for now. cheryl: kevin cork, thank you so much for standing by, live from new delhi for us. lauren: let's bring in david deitz, chief investment strategist at point view wealth management to talk about what we heard. there was a blood bath on wall street yesterday. dow futures are down 12 points each after the president said coronavirus i think it's going to be under control, the u.s. economy has never been as good as it is right now, tax cuts, they're coming. yet dow's down, s&p barely higher. >> there's a couple things. first of all, president trump has a tough job here because on the one hand he's got be on the case, but sometimes the fear of the spread of the virus is worse than the virus itself. for an example, lash lauren, ths

been about 2700 people killed worldwide, mainly in china, but 60 people i don't know people are locked down. we don't know if that makes a difference. lauren: you thinker the march -- you think the market reaction is only coronavirus fears, you don't think it's anything else, a weakening consumer, the investment cycle drying up? >> it's never just one thing. the fixed income market, the yields have been going down. reflecting economic weakness. we know even before the coronavirus the chinese economy, the second largest in the world, has been slowing, europe is stuck in the mud. that's been weighing on us. of course, what's carried our market this year really has been the technology stocks, the top six and so forth. i think the catalyst to what happened yesterday was actually apple, late last week, finally admitting that not only were their manufacturing closed down in china but the iphone sales over there were slowing down. that's our number one company. what are we going to do? lauren: supply and demand,

especially with apple. how encouraging is it to you that the president is developing this strong relationship with india, vis-a-vis china and all their problems? will india replace china as a trading partner? >> he's right on the mark for a number of reasons. one, he's given high marks to the domestic economy, foreign relations, there's question marks. the fact he's over there working with the second most populated country in the world, i think it's critical. also of course, we've had hiccups with the boeing issues and to get some business for the other defense companies, i think that's excellent. lauren: thank you very much. cheryl: more coverage of president trump's india visit and democrats go head to head tonight in south carolina, what you can expect when "fbn: a.m." returns. let's get down to business.

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lauren: expedia tightening the both. cheryl: big changes there. tracee carrasco's got that story. tracee: the online travel company reported lay cutting 3,000 jobs, including 500 at the headquarters in seattle, that's about 12% of its workforce. the streamlining comes after a disappointing year according to an e-mail to employees. expedia shares took a beating, falling 6.5%. it doesn't appear the cuts are due to coronavirus concerns. well, fish battling it out in the latest fast food war. white castle taking a chance on lent to bring in new business, adding limited time options to its lineup, offering crispy breaded fish sliders along with

shrimp nibblers, taking a swipe at mcdonald's. if you would rather indulge your sweet tooth, you'll flip for this, ihop giving away a free short stack for every customer and the chance to win free pancakes for life. they hope you will pla pay it forward with a donation to one of three charities. i-hope hopes to raise more than -- ihop hopes to raise more than $4 million. the 1980 u.s. olympic hockey team is still making headlines, one of the team's gold medals bringing in more than $300,000 at an auction. it was the matchup right before the end that we remember, that's when team usa beat the soviet union, the most powerful hockey team at the time, earning the

tag, miracle on ice. lauren: and the best movie ever. cheryl: and a great movie. thank you very much. we have a lot going on, democratic candidates are gearing up for tonight's debate, the last before the south carolina primary which is saturday and then it's super tuesday. michael bloomberg is looking to improve his performance after his debate debut in las vegas. what can we expect from him? let's ask republican strategist sean thomas and democratic strategist, laura fink. laura, we talked about this, that bloomberg had a rough, rough time in las vegas. he has been off the grid. we really haven't seen him. do you think he's ready? >> you know, we will see. there's no telling at these debates, they're always a bit of a surprise. his sights are trained on sanders and he'll be on offense at the debate. the thing that will be on the debate stage tonight is trump's record and we heard him talking about it for several minutes

while you covered the live feed and the reality is, $845 billion in cuts to medicare and social security and his record on healthcare more broadly by going to court, trying to take away people's pre-existing condition coverage. i think it won't just be sanders and bloomberg on the menu. donald trump will be there as well. cheryl: and joe biden, pete buttigieg might show up. i'm joking. bernie sanders comes out, he tells us how he plans to pay for these multi hundreds of billions of dollars of plans he's proposing. he's going to raise taxes, he's proposing cuts to the military. i mean, this is somebody that is anti-business and yesterday was a tough day for the markets but we had records last week. bernie sanders seems to be the anti-business, anti-wall street candidate but if he's the democratic nominee, that's good for president trump, i would think. >> well, it is. i mean, even president trump did say in his business roundtable there is a 35% chance that

somebody other than trump does get reelected. you have to take the nominee seriously. bernie locked onto something which -- i call him a grievance candidate, railing against wall street and the big banks, very popular with certain segments of the democratic base that might propel him through a primary. cheryl, i don't see that brand of socialism and bigger government selling in those key electoral states in a general election. cheryl: at least pete buttigieg is proposing to get rid of the cap on the salt deduction. i want to ask about joe biden. he had been calling south carolina his firewall. he's backing off of that now. a lot of people are saying that biden has lost too much ground. your reaction? >> well, he's still in the lead in the polls. we'll see if it's going to be his firewall or his waterloo. and frankly, all of the democratic candidates right now as we move forward are on the chopping block because the split field has really benefited

bernie sanders. and with no candidates dropping out, continued surges by different candidates at different times, they've remained viable going into super tuesday. that is a massively expensive day for campaigns and so i imagine that the field will narrow after the super tuesday election. cheryl: yeah, yeah, i think i agree with you, laura. john, laura, we're short on time today. as you know, the president took up a lot of the show. we appreciate you standing by and sticking with us. thanks, guys. >> thank you. lauren: let's take a look at your money, after a blood bath for the markets yesterday and some of the major averages turned negative for the year, dow is down 6 points this morning, s&p up not even a point, nasdaq up 3 and-a-half. cheryl: we have new records on the dow and s&p, just last week, it's crazy to watch. president trump continues his india trip this morning. we are going to take a closer look at the newest trade deal, that's coming up. there's a company that's talked to even more real people than me: jd power. 448,134 to be exact.

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lauren: breaking never night, president trump says india will buy equipment from the u.s. including helicopters, the president announcing deal on second day. we have tori smith. were you hoping bigger trade deal with india? >> the deal is on the security side of the relationship. there were rumors that we might have bilateral deal between u.s. and india as trade preference program benefits for india, unfortunately that seems to have fallen for the moment and this is really characterized to the fact that ambassador bob lighthizer is not on the trip. cheryl: one of the key things that we got out lockheed martin,

to agreement to buy fighter jets, the potential sale is quite for the business community in general. >> absolutely, it should not be discounted whatsoever but this really has nothing to do with the broader trade tensions between the u.s. and india, in regards to things like agricultural barriers to entry, high tariffs on harley davidson motorcycles and investment barriers as well as intellectually property issues. >> do you see impediments because of this warm and welcoming relationship between modi and trump, do you see them coming down and maybe we could be in a position to forge a bigger deal in the future? >> hopefully, trade with india is always difficult because of the high barriers to entry there, it's just a relationship that needs to improve over time and can be fixed overnight, hopefully we will see some resolution, but really the most important thing that we want to

see a resolution where india gets their preferences, tariff preference benefits reinstated because it represents billions of dollars worth of trade and import from india annually. cheryl: also, tori, a big topic over the last 2 days that's public or not has to be china, india and the united states they do share concern about domination of china on the global stage and with the coronavirus such a big story, obviously there's bigger concern about the fact that you have so much manufacturing based in china, i think this is good for india, what do you say? >> well, i think the long-term effects to have coronavirus issues are to be seen, there's definitely a slowdown in china related to this and we will see what comes in the future, in the men time they phase 1 deal with china is going forward as planned at this point. lauren: what about phase 2? >> phase 2 is to be seen, we are locking at 2021 before we see

movement on that and china delayed in abilities to negotiate phase 2 with the virus outbreak. >> well, to your point, secretary mnuchin was in riyadh, at this point phase 1 would not be affected by the coronavirus. phase 2, give us a few weeks to figure out where this is going, i don't think they know. >> i think that's correct and really the positive thing here is that we have a cooldown on u.s.-china trade tensions which is great for americans and the prospects for positive relationship in future. lauren: tori, the tariffs with china and coronavirus, if they were thinking about moving a supply chain out of china, does that happen now particularly because of the virus? >> i think these are long-term

plans that have to happen. we have seen movement to southeast asia and maybe south america, méxico and some back to the united states. i think that you'll continue to see the trend happen and that is related to the trade tensions and probably not as much related to coronavirus, i would imagine the companies are probably thanking themselves for making the decisions earlier, though. cheryl: tori, thank you for standing by this hour. appreciate it. lauren: mornings with maria start now. maria: happy tuesday, thanks for joining us, it is tuesday february 25th, top stories right now before 6:00 a.m. on the east coast, wall street's wild ride, markets are searching for direction but we are essential looking at stability after yesterday's significant selloff, dow futures up 29 points, nasdaq few hours up 17 and s&p futures up 4 points, the coronavirus

fears steals the global market selling off, the dow plunged 1,000 points, the worst day for the market in 2 years, dow industrials down 3 and a half percent. the nasdaq yesterday down at 355 points. 10-year treasury, settling at the lowest in 2016 at 1.32%. the trump administration is asking for 2 and a half billion dollars to fight the deadly outbreak as 80,000 people infected with the virus worldwide, we will tell how it's attacking the human body this morning as the administration at the omb for supplemental money to attack this, president trump on the world stage this morning, commander in chief holding a press conference today in about 3 minute's time live coverage of the president's address right