the nasdaq negative for the year down 251 points. [closing bell rings] s&p, the broader market, that is 500 stocks, many of you own, down 96 points. that will do it for another very tough session of "the claman countdown". connell: very tough indeed. the dow losing almost 1900 points almost two days. major averages extending steep losses two days in a row. new warnings from health officials about the spread of coronavirus right here in the united states. with that the dow is down878 at the close. pointwise, the worst percentage drop, but worst drop since february of last year. a little perspective. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." the s&p 500, nasdaq sinking down 2%.

the nasdaq turning negative for the year. fox business team coverage. edward lawrence live on capitol hill, deirdre bolton on the floor of the new york stock exchange, phil flynn is watching action in oil and gold at the cme, but edward, we will kick it off with you. reporter: centers for disease control says the american public needs to be prepared for a possible sustained spread of the coronavirus. also communities need to brace for possible outbreak. the president has been briefed on all of this. health and human services secretary alex azar testified today he is concerned about the sustained human-to-human transfer that they're seeing in italy and iran related to this virus going forward. he told senators at an appropriations committee hearing that the $2.5 billion additional they want will be enough to stay aggressive against this virus. listen. >> it would be very concerning if this virus spreads say to africa or other areas that have less developed public health infrastructure because they won't be able to take steps

towards mitigation and containment we can take here in the united states. reporter: extra money in the united states would be used to expand surveillance systems, port and state local response, research and development of vaccine, stockpile medicine and protective equipment. azar heard it from both sides of the aisle this might not be enough money. listen. >> this is doing our job for the american people. i don't know, i know that request you made, supplemental 1.25 billion and some others but money should not be an object. this is not the time to shortchange the american people on anything or say omb has done this and that, whoever it is, whatever the administration is, democrat or republican, this is the time to step up. i think you know this probably better than i do. >> the administration must increase its emergency budget request to at least $3.1 billion with no cuts, no cuts for ebola

funding which is still raging in africa. 3.1 billion is the amount our public health organizations say is necessary. reporter: the secretary seemed a little stunned by getting it from both sides wanting more money. in terms of a vaccine we're about a month away from a trial. it will take three months according to nih, the head ever the nih to see if the trial works. after that it goes to phase two. that is another six to eight months. bottom line we're year, year-and-a-half away for a vaccine from the coronavirus. back to you. jo edward, thank you. stocks plunging for second day in a row. go to deirdre bolton. i want to put this in perspective for viewers. we had seen a 17% runup in stocks before we saw a pullback. a lot of smart traders were saying part of this is the coronavirus and obviously in the news this afternoon, but traders are itchy to take profits here and take a breather. what are you hearing, deirdre?

reporter: it is worth putting moves in context. it is hard between yesterday and today when we lose almost 2,000 points on the dow. we're in a 11-year bull market. so there are programs trades that kick in at certain levels. there are a lot of stocks. we know especially among the very high-flying tech stocks which many analysts have been telling us are priced for perfection. so the fact that this coronavirus we don't know exactly how it is spreading. the fears as we saw yesterday are starting to kick off particularly in italy, when it was spreading to so many other regions and so many parts of that country were shutting down. bigger events. carnival comes to mind in venice, northern region of lombardi. unknown factor how much this virus is going to affect the global economy. no one has the answer to that right now. that is why you are seeing investors react in this way and if you look at the sectors that

pressure the markets the most, exactly that fear, that question that is showing up. materials, energy, industrials. these are always ones that investors bet on when they are betting on global economic expansion. these are the biggest weights, if you like today. take a look at the dow, since we're talking about the fact the average fallen close to 2,000 points in two days. give you the a quick list, melissa, ones responsible for half of the decline today. i would be remiss, we started up 180 points. obviously can see where we finish. boeing, united health, apple, american express, goldman sachs, those are, if you add those together responsible for half of the dow's declines today. i want to give you one other indication i know you've been monitoring any way about the fear that is in the market today and that is the treasury. if you look look at the 10-year treasury yields looking at record low record low is .37%,

never-before-seen -- 1.37%. many people in their own accounts not selling today. melissa, back to you. melissa: it is another thing to be cautious about your health and another thing to be stupid and panic about your money. everybody take a breath. connell? connell: gary kaltbaum, kaltbaum capital management president and liz peek, foxnews.com columnist, both are good friends ever ours and fox news contributors. deirdre used the word context, liz. any context or perspective you would like to add after the last couple days in the market? >> everyone is saying the right things. a, the economy basically is still in intact. the problem we don't know what impact will be from this virus on the world growth outlook. it has been dented by that secondly, i think what really happened today, everyone sort of got very nervous what will happen here at home. so far the administration has

taken a very rigorous approach to keeping people out of the country, keeping this virus at bay but you know, we had people from the health administration saying, well gosh, it will come here. we don't know how bad it will get but we have to be prepared to get a lot worse. that was clearly not helpful to everyone's sort of nervous system. connell: sorry to interrupt. i apologize. >> that's okay. connell: this is a big corporate story breaking into "fox business alert," guys, get you guys to react to it on the fly if you like. bob iger just announced that the walt disney company he will be stepping down as chief executive officer. bob cap emek, named at chief executive officer at disney. iger will become, stay on assuming role of executive chairman through the year 2021. that is after-hours quote. up a quarter percent on disney. middle of everything else, one of the best known corporate executives in america stepping down, a change at the top at the

walt disney company is coming up. sorry to interrupt you liz. melissa: that is huge. connell: gary, jump in as well. quick reaction to that what we're seeing in the market. >> first on iger is that immediately stepping down? connell: he will stay on, as i said as executive chairman through 2021. >> okay. connell: i believe stepping down as ceo. i believe that is immediate move. melissa: he will direct the company's creative endeavors says. keep role of executive chairman through 2021. connell: right. the new ceo will take over. >> let me be clear, i visited disney world last week. i'm not worried about disney. the lines were two hours long. connell: you're down there in orlando we should point out, but go ahead. >> case closed. i'm not choreographed. he created a gargantuan business, one of the great brands of history. the streaming business is going gangbusters. their movie business just

ridiculous in the last year. not worried at all. he will be around couple years with the transition. melissa: the new ceo recently served as disney of chairman of parks and experiences to your point. this will take place immediately. effective immediately. connell: from the ceo position. iger stays until 2021 but the ceo move is immediate? melissa: yeah the absolutely. >> can i make one other comment? connell: yeah. >> what people have to do is look at prices. stocks are on sale. if you have a wish-list of stocks you want to start to buy, determine what your price should be and get ready to put money in this market because there is nothing fundamentally wrong with our economy or even the world economy and these stocks will come back. they were oversold i think. maybe not tomorrow. maybe not this week but i think people should be looking at this as an opportunity to get in the market. melissa: gary, to that point, can i say, this is a point i think we made yesterday but it

is worth doing again, talking about three months after 90 days, after the first case was diagnosed here in the u.s., on market, sars, s&p 500, sars the market was up 22% 90 days later. ebola was up 6%. sikh can, 9.4%. my point being, after all the fears subsided on three big events we saw like this, we saw an s&p dramatically up. gary, your thoughts? >> i'm a big believer in precedent, so that is excellent that you do bring that up. that is something we have to be aware of and recognize. the fact of the matter is, if tomorrow it is announced they came up with some medicine to combat this, i suspect the market would be back up 1000 pretty quickly but i want to make sure, give a big perspective. you gave great perspective before, melissa, let me stretch it out. since the bottom of the bear market in the last quarter of

2018, the nasdaq in 14 months was up 58%, the dow was up 36%. this is about as normal as normal can be except it is going quicker because of an outlyer event going on. we will eventually get past this, but i have to believe more price and time out there. we may get more mastercards. they announced after the close yesterday for the next quarter or so numbers are coming down. mastercard is a business that handles all businesses. guess what? other businesses are going to come with that. i think that could affect things in the weeks ahead. melissa: is you a question as we move on, look at walt disney's stock here. this is a huge announcement. bob iger has been the head of this company and has done a fantastic job for a long time. he brought in disney among many other things. there is so much speculation about when he would retire, about who would replace him. forgive me for being suspicious that they put this news out after the close in the middle of a two-day massive sell off.

i wonder for investors who felt good about bob iger for a long time, it is just interesting timing on making this announcement in the middle of all this other news. does anyone -- connell: remember he put off the retirement because of the fox deal. melissa: i know. connell: go ahead, gary or liz? >> you make a good point because this is surprising to me. i followed it closely. i thought he was good to go for another two or three years. so this is really out of nowhere at this juncture but let me say as an organization, disney has a bunch of experts in every division that know their job, know what they're doing. leave no doubt they were preparing for this to ultimately happen a couple years from now. i get your point about being a suspicious -- melissa: it would be bad news when you said it at any point. >> two or three years in front of what they said. we'll find out sooner rather than later if there is something else going on. melissa: i'm not saying there is something else. what i'm saying is -- >> right. melissa: it is not -- he has been fantastic. i don't know it will be greeted

as -- it will make investors nervous. >> they chose the timing well because people really will not focus on. >> that might have been my point there. connell: all right. so the stock down three bucks. 3 1/2%, at bottom of the hour, 4:13 p.m. in new york. at 4:30 disney will have a investor call. maybe we'll find out about the planning, what went into this, why now part i don't know. bob iger stepping down, new ceo is coming in. that is the news. deirdre bolton has been doing a lot of reporting on disney. she was on the top at markets. joins us from the new york stock exchange. interviewed iger not that long ago. reporter: that's right. one of the topics we spoke about the fact at the time he was on the board of apple, we even joked about it, i was saying okay, since you're getting ready, this is obviously pre-disney tv plus launch, do you excuse yourself when apple is talking about its streaming? yeah, i go out, excuse myself

from the room. i check on emails on my ipad. a little humor there. obviously he did step down off the apple board. ii want to mention looking at stock, post-market reaction. eiger has been ceo since 2005. if you bought the day he became ceo you would have more than a 400% return. melissa: wow. >> he has done a phenomenal job. connell: that was quite a battle for him to become ceo at the time. >> you're so right to remember that, point that out. it is true. a lot of people said oh, you know, he is so smooth, he is not as aggressive as eisner. is he up to the job? he most certainly is if you judge by investor returns. then he put out the book, if you remember a few months ago, a lot of people were surprised, sort of 15 years, almost of a look back at being the helm of disney and a lot of people saying that is odd this book was published. i think obviously he telegraphed at some point he would step

down. today is the day, you can see post-market, a lot of people will miss him especially those investors who bought back in 2005. melissa: right. absolutely. of the transformational ceo. he he is someone studied at business schools around the world. he really took this company, brought it into the next age in media and returned so much to investors. you know, really looking at it. interesting day to roll this announcement out. connell: you're talking about coronavirus. maybe he is going to south carolina for the debate tonight. that is our next story coming up. melissa: there you go. connell: i am joking. there used to be a rumor for bob iger running for president. i don't think he is doing it this time but these guys are. democrats debating second time in a week, 10th time this season. can mike bloomberg deliver a better performance this time around? that is the. former mayor of philadelphia, michael nutter coming up. melissa: connell thinks bob iger

will jump into the race on democratic side you heard it here first. new york mayor bill de blasio already tried, looking to do more damage before leaving office, targeting city schools, specialized schools and schools for the gifted. we'll talk about that. connell: we'll head out to wine country. find out why the price of a bottle of wine could be coming down along would stocks and everything else it seems. ♪. ♪ ♪ ♪ ♪ ♪

we'll keep building smarter suv's. to help keep you focused on the road ahead. and. the road beside. did we mention the road ahead. with an available best in class. epa estimated combined fuel economy and the technology to practically park itself. this is the reimagined 2020 ford escape. i wanted more from my copd medicine that's why i've got the power of 1, 2, 3 medicines with trelegy. the only fda-approved once-daily 3-in-1 copd treatment. ♪ trelegy ♪ the power of 1,2,3 ♪ trelegy ♪ 1,2,3 ♪ trelegy woman: with trelegy and the power of 1, 2, 3, i'm breathing better. trelegy works three ways to open airways, keep them open and reduce inflammation, for 24 hours of better breathing. trelegy won't replace a rescue inhaler

for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1, 2, 3. ♪ trelegy, 1,2,3 woman: save at trelegy.com. i learned about myuse grandfather's life. ♪ trelegy, 1,2,3 on ancestry and it was a remarkable twentieth-century transformation. he did a lot of living before i knew him. bring your family history to life like never before. get started for free at ancestry.com but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands?

the end might not be as happy as ayou think.end. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke! but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings.

read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. melissa: "fox business alert." bob iger will step down at disney and bob chapek named ceo effective immediately. chapek served as chairman of disney parks, services and products. shares down after hours for a lot of reasons. tough day in the market. we'll hear more about the story, no doubt. connell. connell: the dow losing nearly 2,000 points in the last two trading days. it happens as democratic candidates for president are taking the stage for the 10th debate of the 2020 election cycle. here is now michael nutter, national political co-chairman for the bloomberg campaign. also the former mayor of the city of philadelphia. thank you for coming on. >> thank you. connell: from the bloomberg

headquarters. second debate for your candidate. obviously there will be a lot of focus and pressure on him. i want to ask you how he might improve upon the first performance, but first, given the market decline, obviously what we're focused on last couple days, is there an area there where there is a, you can politically capitalize possibly or talk about your experience if you're a mike bloomberg and in handling the economy, given what happened last couple days, do you think? >> sure. the debates are all a function of not only what the question is, but you know where all the candidates steer themselves. connell: right. >> certainly should be some discussion about the economy and 2000 points in two days is significant no matter what. and so again you look at mike's record, building a business literally from the ground up. successful for 40 years. recognized as leader, champion

in industry and knows finance and other ministers around the world -- connell: he has to improve, he would say, he did say, in his first debate performance, that wasn't my best, something to that effect. >> yeah. connell: the question of non-disclosure agreements in his company came up. he wasn't ready for it. couple days later puts out a statement what he will do about it but then i think yesterday his long-time partner diana taylor was asked about cbs what would you say to people who still have concerns about former mayor's comments about women and the like, and she said, and i'm quoting her, it was 30 years ago. get over it. if he is asked about that, tonight, what is the answer, should people be getting over it, what should he say? >> i think again, connell there, is always context to that. that was, dinah responded to the actual question that was asked. she talked about the culture, i guess back in the day in the finance industry. she is accomplished --

connell: i worked in it myself. it was a bro culture. >> she answered the actual question first saying that, you know, i have known this man for a long time. that is not who he is. certainly today. and us did not tolerate that kind of behavior. so you know, the quote that you mentioned came at the end of a extended, kind of interview. i think mike will continue toe pole guise. he is the candidate, not diana. connell: right. >> with every respect to her and he will continue -- connell: people will look how quick is ready for that, if it was with lauren comes at him. now the next question -- >> i'm sure he is ready. connell: final point, he is not in the race technically until he competes on super tuesday. >> we're running though. connell: i understand that. we've seen all the ads. coming up tuesday march 3rd. 14, big ones like california,

texas, north carolina, give me states, which states will, mike bloomberg win on super tuesday? he needs to win some states if he wants to put up a race against bernie sanders, isn't that fair? >> connell, you know, i greatly appreciate your attempt to get me to start naming states which is not going to happen but we're going to do very, very well on super tuesday. as you well know, you all have reported numerous times we've been up and running in all 14 states for some time. mike visited those states, some of them numerous times. i have been to 12, will have been to 12 of the 14 by the end of this week myself. we're expected to very well. connell: you think he can win multiple states even if you don't name them or compete. >> we can win a number of states. i won't go on a state by state basis. we feel very confident we'll do very well on super tuesday. march 10th, week after and number of other contests during the course of march.

march is a critical course of time for us. connell: yes. >> even though we're not on the debate stage, we're not on the ballot in south carolina, you know these things have a way of accumulating and starting to drive public opinion about what is really going on in the race. and so it is great for us to be on the stage prior to, prior to south caroline but really prior to super tuesday. connell: okay, mayor nutter, good to see you. thanks for coming on. >> you too. connell: former mayor of philadelphia, michael nutter. melissa: so the top tenet flicks launching a new feature that could help you find your new favorite show. find out how bernie sanders plans to fund his pricey programs if elected. your wallet is at stake. that's coming up. ♪. ke innovations in agricultural research. because your investments deserve the full story. t. rowe price invest with confidence.

(woman) no matter what business you are in, digital transformation never stops. verizon keeps business ready for what's next. (man) we weave security into their business... (second man) virtualize their operations... (third man) and could even build ai into their customer experiences. we also keep them ready for the next big opportunity. like 5g. (woman) where machines could talk to each other and expertise could go anywhere. (woman) when it comes to digital transformation, verizon keeps business ready. ♪

if you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva. serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. tell your doctor about dental problems, as severe jaw bone problems may happen. or new or unusual pain in your hip, groin or thigh, as unusual thigh bone fractures have occurred. speak to your doctor before stopping, skipping or delaying prolia®,

as spine and other bone fractures have occurred. prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. are you ready? ask your doctor how prolia® can help strengthen your bones.

melissa: wrapping up a whirlwind 36-hour tour, president trump heading home today after his first state visit to india.

fox news's john roberts is in new delhi with the latest on this one. what a trip, john. reporter: yeah, melissa, good morning to you from new deli. the president had the whirlwind trip. it was fast but he says he got a lot done. he gave upbeat assessment ever the news conference of the 36 hours he spent here. pointing to a 3 billion-dollar deal on the part of india to buy american military hardware including black hawk helicopters, trying to remember the exact designation, as well as apache attack helicopters. the president pointing to an agreement with the ceo of exxonmobil made with india's state-owned gas company to buy more liquid natural gas. here is what the president said about it all just a short time ago. >> they're going to be investing billions of dollars in our country. so that was the purpose of our trip also. we're all set for $3 million worth of helicopters, apaches, various other types in addition to various other equipment.

they're buying that. they're buying a lot. they're buying a lot and also buying a lot of our forms ever energy because they need energy. we have more than anybody. we're number one in the world now in energy. so that is going to be very exciting. reporter: more difficult to rewrite the trade relationship between the two countries. the prime minister of india, that rind doctor modi saying the right things, but nothing of significant happened during the visit. the white house had hoped to at least as a goodwill gesture, have india roll back extreme tariffs on harley-davidson motorcycles. the president did not get that. here is what he told me when i asked them about that. >> that situation, when one company is paying 100% in the case of numerous companies, not just harley but, where they're paying tremendous. actually tariffs were raised not too long ago. i can't lose it. i can't lose it. i will never lose it. it is too easy because, i want

reciprocal. reporter: one important thing that did come out of this, melissa, increased military to military cooperation. the united states looking for a big ally in this region to serve as a cat away to russia and china. i will talk black hawk helicopters, mh 60s for 100, melissa. melissa: john roberts thank you. connell: daily double. netflix rolling out a new top 10 feature t allows users to see most popular content on the platform. they say they will update them every day. it will include top films, tv series, and overall top 10 list. a new way of doing things, seeing things over at netflix. melissa: that is way i was looking at it. if you go in, you watch this, so you love that. i love that feature. connell: yes. melissa: otherwise you're sort of drowning in fabulous content. you don't know what to watch.

connell: i think this will actually rank them one through 10. melissa: cool, i love it. calling it unacceptable and embarrassing, why a growing number of states are taking aim at gifted programs in high school. can you believe it? this one really gets me. very fired up. connell: i can tell. it is coming up. there is good news if you're a wine lover, you want to buy some wine but may lead to vineyards experiencing pain. we'll take you to a vineyard in california live. managing lipids like very high triglycerides, can be tough.

you diet. exercise. but if you're also taking fish oil supplements... you should know... they are not fda approved... they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear, there's only one prescription epa vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions

and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. prescription power. proven to work. now with a new indication. ask your doctor about vascepa. they get that no two people are alike and customize your car insurance so you only pay for what you need. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

it's either the assucertification process. or it isn't. it's either testing an array of advanced safety systems. or it isn't. it's either the peace of mind of a standard unlimited mileage warranty. or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned. or it isn't. the mercedes-benz certified pre-owned sales event. now through march 2nd. only at your authorized mercedes-benz dealer.

melissa: "fox business alert." disney conference call is underway announcing that bob iger will step down and bob chapek is named ceo. iger assumes the role of executive chairman to assure a smooth and successful succession through the end of his contract in 2021. stock trading down on the news but also big selloff day in the market because of the coronavirus. we will bring you any headlines that we hear from the call. connell? connell: in the meantime, melissa, despite some major opposition from parents, seattle public schools join agroing list of districts around the country considering the elimination of gifted programs for students and fox's dan springer is in seattle with the details on this. dan? reporter: hey, connell, lack of diversity in existed programs is an issue across the country but

seattle's attempt to do something about it has touched off a firestorm. the school board recently voted to cancel the gifted program at one school, replacing it with a stem curriculum for all students. it ends a decade of teaching those identified as most advanced separately in the classrooms. white students make up 67% of the gifted program, but less than hatch of the district population. black students are way underrepresented at 1.7% of the gifted program while accounting for 15% of all the students. in the fall, superintendent denise juneau wanted to scrap the whole existed program writing quote, something wrong with a system upholds racial segregation and clearly produces such clear disparitys. diversity advocates agree. >> we have to start by saying out loud what is obvious to many that giftedness is equally distributed across racial, ethnic, linguistic, economic

backgrounds. reporter: in new york city there have been calls to end the gifted and talented program over equity issues, or change the name. in miami they're boosting racial diversity to grade the exam on sliding scale, giving points to kids from poorest homes. many seattle parents are angry. >> causes huge anxiety thinking about it. because we don't have enough money we can go to private school. >> the superintendent and the board have been so divisive, hate mongering within our community. reporter: nationally three million public schoolkids are in gifted programs. many of their patients are watching closely what happens in seattle. connell: thank you, dan springer. melissa: huge story across the country. it is a big story here in new york city as well as one local advocate asked mayor bill de blasio about expanding those specialized schools. take a listen. >> why are there not more

specialized high schools? why are they not blowing up in this neighborhood? your high school only has 100 kids per grade. why not 1000? >> i think the current admissions process is in balance. we need to start over to have a conversation what would be a fairer admissions system than the one we have now and then i think that is also the right time to talk about how to either expand existing specialized high schools or add some new ones. melissa: unbelievable. so don't add more kids. let's just change the whole thing and keep the seats -- it is insane. joining us that local advocate herself, francis, keller prep director and founder. very positive in the midst of the story. let me set the scene in new york. i want to give poem some stats different than seattle. sty have sanity is special ayed school in the state or in the country. specialized test gets you in. 82% of the students are minority.

you can see there 74% of them are asian. 45% are on public assistance, government help. 80% by the school's own reporting their own paper are first generation americans or their parents are. this isn't diversity? you have, they're not white. they are from low income families and they're immigrants but that is still isn't diverse enough for mayor de blasio. what do you think about that, frances? he wants to get rid of the test that gets people in, take people into the school in a different way? should we get rid of the test in new york? >> the issue is not about the test. the issue is what the test reveals. there is real disparity in k-8 education across the board. the way gifted talented programs work, there is not one citywide gifted talented program in the bronx in towns. there is not enough of it. my question was not fully answered when i spoke to the mayor. melissa: right. >> that was a comment that i feel very passionately about. the issue is the core education

and access. when you have a young child, i'm a mother with young children right now, to have not even one school that offers this kind of citywide gnt opportunity in my entire borough, there are some hours in the day, how can you contemplate the issue is the test in 8th grade. melissa: frances. connell: our parents are immigrants. you came to the country, you advocate for students in the public school system. what they would point to is that at stuyvesant, for example, this is impossible school to get into. and kids, they say when you talk to kids graduate from there, it means more to say you went to high school. 3% is hispanic, only 1% is african-american. mayor de blasio's answer in that, to instead say the top kids from brooklyn or from the

bronx or from schools that are predominantly african-american, if you took the top 10% of those kids, whatever it is, they automatically got into steve stuy investment september ant. do they get good enough education in their middle schools? >> absolutely not. there are middle schools, 90% of the student body is performing below grade level. how can they be excel being placed into a school with that type of rigor and competitiveness. the real issue to address the k-8 education and systemic issues with that education. it is not equal when certain neighborhoods in certain boroughs do not have students or middle schools that that do not offer often basic. melissa: did anyone make the point to the mayor? that is not that one group of

people is smarter than another group of people or one neighborhood is better than another. it is idea they're not getting support in the lower grades to get to 8th grade and be able to do really well on this des? you got to focus on the education in the middle schools to get everybody up to a better standard? you know, did anyone ask that? does he have an answer? >> my question which it was asking specifically about why does, new york only specialized high school in queens have only 100 seats, 1000 want to get in. 30,000 take the test. it really just wasn't answered. the k-8, it wasn't addressed. melissa: no, k-8 or to add more seats as you said is the other solution. then you could bring in those kids and not penalize the kids who do well on the test as well. i don't know. it is a tough problem but, penalizing the kids that are doing well doesn't make sense, especially when they meet this diversity criteria any way when you look socioeconomic factors

and immigration. thank you for your time. connell: breaking barriers in america's request to the unknown. we'll talk to the first african-american to command a spaceflight. what it is like to make history. while the left wants to break up big tech, we done a lot of stories about that, there is a democratic lawmaker that wants to transform middle america with silicon valley style tech boom. that is just ahead. , 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.

that's why we go beyond the numbers. [ fast-paced drumming ]

melissa: black in space, the new documentary on the channel which looks about overlooked area of space. >> i don't understand rocketry, they were staked in a ohio stakes competition, the race to put the first black astronaut in space. >> the excitement was generated by this very diverse group. it was a most humbling experience for all of us. melissa: here now is frederick gregory, he is the first african-american to command a spaceflight and former deputy nasa administrator. thanks so much for joining us. you were selected by nasa as astronaut in 1978, flying on three shuttle missions. as we hear that introduction for

this special on the smithsonian, how do you feel about that? did it feel like at the time there was a race to put the first black astronaut in space? >> you know i didn't read or hear anything about that until after it happened. all of us were, you know, experienced test pilots or scientists, engineers and we were offered an opportunity to do things that very few had done before and we jumped at it. i don't think we recognized or realized we were first woman, first black, first jew, first oriental to do that until we read it in the newspapers. >> do you think they were picking people for that reason or maybe more importantly not picking them earlier for that reason? do you feel like there was discrimination in the space race? >> i know that nasa, if you looked at the astronauts prior to the shuttle program, all of the astronauts were white european male and i think that nasa made a very conscious effort to not maintain that same

makeup from that point on. so they hired people like lieutenant uhura, niche shell nichols from "star trek," to encourage women and minorities to apply to the program. she was very effective. it certainly encouraged me to apply. melissa: we're talking about this, i know the smithsonian channel is doing this special, partly because it is black history month. do you feel like you paved the way for others or feel like somebody who just wanted to be a senate and wanted to go into space? >> well, that is an interesting question. i had influencers early in my life. certainly my dad, but going back, i grew up with the tuskegee airmen not knowing who they were until 1977. there was bessie coleman, bullet earlier because coleman and bullet because they could not get pilot licenses in the united states. they went to france to do it. but they were following a, you

know, they were following their heart. they were following a passion. they were curious about things that very few had done before. so no, i wasn't a pioneer. i was just one, you know, next one, who was interested in going on a vacation out in space someplace. melissa: frederick, gregory, i wish we had more time. i can't wait to watch the rest of your special. you are an inspiration. thank you for your service and thank you for coming on today. >> thank you, ma'am. connell: great stuff. socialist price tag. bernie sanders revealing his pricey policy proposals. he says it will be funded by, new taxes and also massive lawsuits against the fossil fuel industry. he says he will cut military spending by a lot. here is the question, does the math really add up? now who better to ask a question like that, i already know the answer, from david asman, ahead of "bulls & bears." go ahead, david. >> to give you an idea, i bought a whole bunch of candles, with

everything he will do to fossil fuels and no money left over for us, we're bound to be going to the candles if he is elected. connell: very smart. >> one thing i did, i talked to melissa about this off camera, i added up all of the various spending programs he has, you get a price tag of $98 trillion. that is exactly how much the household wealth of americans is. in other words you would have to confiscate every bank account of every american, every car, every house, all items of value that americans have in order to pay for bernie's 10-year plan. it would be a complete transfer of private property over to the government. connell: that sounds like a good question, forward that to gayle king. thank you, david. see you top of the hour. good stuff. melissa: that is an astounding stat. i'm not sure it is a coincidence by the way, david points that out, all the wealth in the u.s., if you handed it over it would pay for bernie sanders's plan for 10 years exactly. interesting. connell: sew he does know where every nickel and dime comes

from. there you go. melissa: think about it. heard it through the grapevine. we're live at a california vineyard to find out how low wine prices can go. that's good. ns trading, and loo, it feels like i'm just wasting time. and loo, wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritrade education center. call 866-285-1934 or visit tdameritrade.com/learn.

get started today, and for a limited time, get up to $800 when you open and fund an account. that's 866-285-1934, or tdameritrade.com/learn. ♪ can we go get some ice cream? alright, we gotta stop here first. ♪ ♪ from smarter atms, to after hours video tellers ♪ ♪ comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. hi there. how are you? do you have any lollipops in there? (laughing) no, sorry. we're helping all kinds of businesses go beyond customer expectations. how can we help you? instead of using aloe, or baby wipes, or powders, try the cooling, soothing relief or preparation h, because your derriere deserves expert care. preparation h. get comfortable with it.

and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk melissa: a surplus of grapes expected to lower cost of the wine, robert -- to get to details. reporter: thank you. we have grape glut, production has been ramping up, record harvest in 2018, leading to 2019, the first drop in wine consumetion in u.s. in a generation. since 1994. you saw then was tens of thousands of grapes left on the vine. the growers are culling their vines, planting a little bit

less, and they are thinking they need to remarket the wine to a new generation, some wine makers, tell us, a reset may be good for the industry. >> wine gets more affordable it is more competitive with all of the the competitors, hard se seltzer now marijuana which is legal in california. wine being more affordable is a great thing. reporter: they need to work on getting the millennials in. if you look for deals, "two buck chuck" might be 2 bucks again soon, on lower end some bulk wine cheap, private label brand, and state wines andrew murray's vineyard, you will get a higher

quality grape at same price point of last year. back to you. melissa: all right robert, thank you it is friday, quite a show. connell: tuesday. see you tomorrow. melissa: "bulls and bears" now. david: stocks taking another major dive, dow down 879 after more than a thousand point drop yesterday, world health organization and cdc issuing warnings to prepare for more outbreaks, as democrats say that the administration is not doing enough. senator daines will join us to respond. this is "bulls and bears," thank you for joining us, i am david asman, joining me jonathan hoenig, caroll roth, adam and burnett. jackie in the markets. reporter: another brutal