tv After the Bell FOX Business February 28, 2020 4:00pm-5:00pm EST
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right now and at a terrible risk in their portfolio. short-term high-quality bonds. liz: thank you for your expertise. mark and eric, i know you are relieved to hear the closing bell. they close out the worst week since the 2008 financial crisis. liz: like liz said, it's the first week for stock since 2008 financial crisis, all three major averages falling further into correction territory but lows on the final trading day of the month as coronavirus fears continue to weigh on wall stre street, the dow indy down 342 points, extending losses for the seventh straight day. i know we are down 347 but it's a heck of a lot better than it was during a lot of the rest of the day. >> we are down 1000 points, more than that earlier today i am connell mcshane. i will commute "after the bell", we did close on a relative basis fairly strong giving melissa
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said where we were, down 24 points is less than 1%. the nasdaq turning positive at the end of the trading session, barely so we'll see if we settle above the line, fox business team coverage to give you perspective on this day and week with jackie deangelis on the fourth the new york stock exchange. phil has been a busy man watching all the action. in chicago at the cme. jackie for steve. reporter: liz said, she was leading into trader fear taken a sigh of relief that the day is over and the week is over. it was a steep and volatile session for the dow today, 1085 we were down on the session low closing lower by 352 points. that was actually positive when it came to the action that we have seen but the dow, s&p 500, nasdaq were down more than 11% this week well into correction territory, more than 10% lower from their highs and down for
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two weeks in a row for a matter of fact. it was pretty steep selling for the last seven days and traders just said this was unprecedented. you mentioned the workweek for the financial crisis. i want to draw your attention to the ten year yield because in addition to that, that perhaps was the most troubling. new record low set for the yield pretty much for the last three days and trading at 1.149. pretty substantial when you think about how investors were putting their money into what they thought were perceived as the safer bet taken out of the stock market. an update on amazon. they are one of the latest companies to issue a travel warning telling employees to defer all nonessential travel due to the coronavirus that is internationally and in the united states. you will see a lot more companies to do things like this because they do not want to be
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caught not protecting their employees, not on the right side of this and frankly we do not know where this is going. that's what the market will continue to selloff. 3m was the stock to watch, it was volatile even all day the indian slightly lower there because they make the in 95 respirators that people will need if this continues to be a problem in the united states. finally i want to finish with the fed, there is a 100% likelihood in the fed fund future that we will get the rate cut in march, 25 basis points, the fed coming out today saying the fundamental of the u.s. economy remains strong but the coronavirus poses involving risk to economic activity and powell also saying the fed will use as appropriate to support the economy. so the fed is putting it out there that they are mulling this over. connell: thank you. melissa: oil indy down for the six straight day. let's go to phil flynn for that. reporter: the worst week for
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oil since 2016. not even talk of a production cut by open act of 1.5 million barrels was enough to get the market any support today. if you look at this, it's very reflective of the concern for demand destruction and the widening crisis that seems to come in waves, if you really want to see crazy market action, take a look at gold and silver, they were absolutely getting pummeled today. the main reason from what we have been hearing is there is a lot of people in gold and silver mutual funds that were getting margin calls on their stoc stock portfolios in trading and started to panic and a lot had to get out of positions today. we saw the market get pummeled. on both gold and silver. but when powell came out and said involving risk, we will do what it takes, gold came roaring back. back to you. connell: let's talk about all of this with steve forbes, the
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forbes media chairman who will act as a voice of reason on a friday on this crazy week. what is your view on thanks, if nothing else, i know you're not watching the market necessarily tick by tick but a lot of people thought on a week like this we would close on a selloff but the opposite kind of happened. we closed on the lows for what it's worth on a friday. >> it tells you what kind of week you had when you're breaking out the champagne because only down 300 points on the dow. i think a factor in addition to the virus that has been underplayed so far even though some people have been today. it's a political site, last week in week and a half, the possibility of bernie sanders becoming president of the united states has increased exponentially. the wildcard of what's happening with the virus and that means what people thought were settled things would go a certain way, now that's being thrown into the air in confusion. connell: do you think the virus can hurt the president politically. >> how he handles it and how we
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seen as handling it because it's tough because they will give them any breaks on that, how he handles, his demeanor and coming weeks will be critical because of vehicles and well and seems in charge, and giving daily briefs then you will see the situation politically, down. connell: to options discussed in the last couple of hours that might lend themselves to you saying this is how the administration or the federal government might handle it, one that jackie mentioned with the federal reserve might do and cut interest rates. the other in the washington post crossed the story everybody talking about, the administration be able to push a's tax cut through if the economy looks like it's in bad shape? on the fed, what a fed rate cut giving what we are dealing with, without help, just about everybody expects cut rates at the next meeting. >> the answer is yes, they will cut rates, everyone expected quarter of a point, 25 basis
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points. but that will not help the economy, what's amazing you look at personal income in january, pretty good. the basics of the economy are good of what people fear is the future. what will happen if the political situation in the united states, again it's remote that bernie sanders -- now it's not that he can win the nomination in the next few days we will no especially super tuesday. but the possibility one and 100 that he could win the presidency is now one in ten. a one on one matchup or you have to factored in. remote but not completely impossible. the markets factor in things that might go totally wrong. connell: what about the second point of the administration being able to push through a tax cut, whatever it might be. things are pretty divided in washington -- >> they administration puts forth a good tax proposal and they have been working on one and larry kudlow talked about one in the fall and the have to move that up rather radically.
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but if it's seen as a proposal even if the house of representatives will not pass it, the fact that the president is calmly dealing with an economic situation, that is all to his advantage. not just policy but how it's presented, the demeanor, reassuring people that you're on top of this and for example, why are we not doing more daily testing of this virus, coronavirus, were doing a few hundred a day, we should be doing thousands a day, that something vice president pence hitting the cdc on, remove the bureaucratic barriers, that' leo something so we know the situation. connell: that's the issue getting more information. we will actually talk about that later on in the store. steve forbes we thank you. . melissa: here now the future file legacy planning system and susan lee as well. susan, i want to start with you, you had the key interview yesterday, it aired most of today but you gave us a little bit yesterday on the show that everyone has been talking about and said she revealed what tim
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cook said about his factories in china, i talked to a number of ceos there who confirmed they are seeing the same thing. tell us about that. >> that is right. they say in his words, this is just temporary. the reopening their own factories and suppliers are coming back online. stores have opened as well, nine days ago we were sitting at record level for the stock market and things changed in the last nine days with the spread of other countries. if you look at business in china, the lowest corona case count in the history of this entire epidemic so far. that's been encouraging for tim cook, apple and other ceos operate and produce out of china. melissa: , we saw the market did not fall into the close, it came off of the selling. that could've been because charlie gasparino said people should sell 30% of their portfolio at this point everybody realized i'm safe it's not going down further. i'm kidding. [laughter] or it could be the digestion
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that maybe we put in a whole lot of selling and maybe overdone if you think about some of the things susan said, if it swept through china and there already reopening, it gives you a little bit of a luck of how long things elsewhere might be closed and frankly is not that long from a business perspective. >> at the end of the day we have no idea but we do know that the market was puking up all week long and this gives people an opportunity who did not necessarily want to get into the broader market because we don't know broadly what's going to happen or what the timeframe or the volatility to pick and choose key names. if your long-term investor, when you start seeing names that you really like on a major sale, that's when you build a position. that's what i see happening here, certainly not all the way back because were going into a weekend and a lot of people don't want to hold the positions into the weekend. melissa: it may be a terrible time to sell. connell: the exact point you're
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making with key names, there are a lot, some of the best companies in america and we will highlight three on the screen, apple, disney and nike. all percentage down double-digit for the week. 12 and a half, 15, 11%. carol and susan, we can talk about this in the context of what tim cook told you about the shares. how do you know when you look at a stock like that, it's time to get in around the edges and start buying again because these are too much. >> these are all stocks that were priced to perfection, it depends on your own portfolio and risk tolerance, the least attractive for me as apple because if you have a lot of exposure to the broader market apple is such a major part of that that you don't necessarily need to pick it up individually. but a company like nike even if it does have disruption in the supply chain in the short-term, it will recover in the long term, when you get into a multiple level that you feel this is a really good evaluati
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evaluation, that's when you can feel confident and it has a little bit of room not potentially as much as the other. >> there's many other examples, these are back at levels not seen since various times last year depending on the company but you and tim cook did speak about repurchasing stock, that was part of the interview with apple stock having declined as i have. >> actually apple stock was in bear market territory, down 20% from recent highs. this is recovery it for only down 12% for the week. but they do a lot of repurchases, they have a lot of cash on hands, they up the dividend each every year for the past four or five years pre-but they also repurchase $100 billion worth of their own share, given that we were up from 100% going into this week in the last sell up, they see this as a opportunity because they committed to the market and the shareholder said they would continue to pay back in this form of buyback so the stock
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price goes up. connell: thank you. that really was a terrific interview. melissa: great timing on that. president trump leaving the white house any minute heading for rally in south carolina tonight, and made growing fear of the coronavirus. let's go to fox news john roberts who is live at the white house for more really we will see the president stops to talk at all on his way to the helicopter. we had a chance for 50 minutes to speak with alex azor earlier today and everything. this as the world health organization warns that the coronavirus could possibly spread worldwide within the next few weeks, so far, there are 63 cases in the united states, that said 62 but i believe -- 61 rather, i believe there are 63, unless my math is wrong. no new cases in the past two weeks, other than one case of community transmission in california. on that the center of disease control is actively conducting contact tracing to try to figure
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out how she contracted the virus alex azor says they do not believe it is connected to the quarantines of people of travis air force base which is near where the woman lived. it talks about the two and half billion dollar emergency supplemental according alex azor, he helps congress will pass it in the president will sign it a week after. amongst criticism from democrats, the vice president earlier today defended the early actions that the president took to address the price import. >> the president took unprecedented action in january to declare a public emergency to suspend travel to the united states from china from all noncitizens or nonlegal residents. and it's why the president instituted an unprecedented quarantine effort of four americans that were returning. >> they also talked about the whistleblower complaint that
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from the diamond princess did not have necessary equipment or expertise to do the job. alex azar says that team is involved i in the complaint is seriously and investigating to determine the validity and what steps to take in the future to ensure there are no problems. alex azar also talked about japan to close schools and that could happen in the united states, they muffle continuum of possibilities and that everything is on the table but there is no talk of the at the moment. alex azar also told me, in a response to a question that he is consider using the defense procurement act to ramp up production of certain items included personal protection equipment like the in 95 masks, suits and other things, he said at the moment he does not see the need to do it buddies keep it in his back pocket just in case it is necessary. >> it is good to put into words that that is possible because this is one thing people are
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talking about when they say don't buy the masks, we need to save them for the medical professionals and no there is a plan in case we don't have enough of them makes a lot of sense. terrific reporting. we really appreciate it. connell: we are total bipartisan funding plant will talk about house lawmakers received everything from white house officials from the administrations response from the virus. the democratic congresswoman from michigan is coming up, she was at the very briefing. we will talk to her neck. melissa: california officials are taking action a as the numbr increase. we are taking you live to los angeles international airport. connell: amid concerns over the virus outbreak, tensions between a nato member and russia have been escalating this week toward a military conflict. we will have more on that. ♪ cultural research. because your investments deserve the full story.
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prepared we really are to getting testing kits. how are things going? and regular briefings from the time this has started, this was a series, the white house chief of staff has joined us and there is a worm group from tony tony foshee. in the concerned going up, there are more members there at some of the briefings that using. in the range of questions range from people being concerned about the community, the case of the person in california that appears to be the community passed and the members representing there were worrie worried -- for instance michigan has the kids, the first kits they sent out had technical
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issues, michigan has another and we are testing in our own state, pearly not all of the states have received their kids yet. a lot of people don't realize or understand that each state has public health departments that are going to take the lead in each state as this goes forward. i am one of the people this has we have to stay calm, we have to get the facts, they have to have enough money to deal with what they do. i think were concerned about that and we have to work together on this because we don't want to see another week like the one that we saw. connell: in a bipartisan way stop the bickering back and forth pre-we understand that. you had a history of doing networking across the aisle on other issues. people are looking for that now. in terms of dollar numbers, we had some reporting on fox that this supplemental might be somewhere in the neighborhood of i believe seven and half billion, do you know that what is the timing. >> i know there has been a great
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deal of discussion and there were two things that i heard earlier, secretary alex azar indicated that his request was the beginning and did not say that there might not need more and leaves a lot of people having a lot of discussion and that are very concerned that there may be a need for more money, more resources so we can get a volume of kits. connell: do you think a billion or 7 billion at least. >> i'm pushing for what's the right amount. connell: how do we figure that out? >> we talk to everybody involved. >> we not to cut other program programs -- it has been flashed across the board and there's programs that we want to keep making sure were reducing drug additions, ebola, a major problem right now, be taken money from that fund, we don't want to have an ebola crisis on top of this, we will have worldwide panic.
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so the appropriations committee. connell: i heard the argument, god for bid something happened in the money is not in that fund and it cannot be allocated for what it's needed for.do say, i's earlier whether one side of the eye or the other, there still the back-and-forth this week and you guys have not been able to get this thing passed, what would you say, the environment, has it changed at all this week in terms of bipartisan cooperation? >> i think you will see the u.s. congress, both house and senate vote on a number next week. i think it will be hard if people come forward and say we talk to this person, this person and this is needed for this this and this. it will show why we think this amount of money is needed, you have to move and i have not let myself be drawn into any of this and work with both people on both sides of the aisle. we have got to make sure the americans are safe but we have to do in a very calm methodical
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way but we do need to make sure the administration is asking for what they need and we need to make sure we are giving them the facts, we cannot have anybody on either side of the aisle making political statements because they think it's what people want to hear. we need to give them the facts and they need to deal with it as incidents occur. connell: that's what people on wall street are saying, we need more information. some information will not be known but the facts. thank you very much. in her home state of michigan. debbie dingell. melissa: the u.s. is breaking for a coronavirus outbreak and how one hospital is preparing for a possible pandemic. all eyes on the democrat the night before the south carolina primary. the details on where the candidates stand, we are on the ground next. ♪
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one hospital in virginia has been training doctors and nurses on the virus since january. edward lawrence is there outside of the fairfax hospital, he has more on what he learned today. reporter: here at the hospital, they are not just training, they are stockpiling the protective gear including the masks. there are no cases of the coronavirus in virginia. however, the head of infectious diseases for the entire system is having one-on-one meetings with all the department face-to-face, twice a week starting on monday to talk about what happens if a patient walks through the doors for early detection. >> the early we can isolate the less exposure. >> the point of contact with a potentially infected patient could be outside the hospital. if the health department alerts them to someone coming in. >> we would not recommend that they come directly to the er but probably have a way that we
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would potentially meet them outside the er and immediately bring them into a room to avoid any type of spread of the virus. reporter: anyone coming into the hospital who could be affected would end up in isolation. >> we have rooms which call negative air pressure which would protect the patient from everybody else in the facility. it has a type of airflow that circulates in the room so the air does not go back into the system in the hospital, is diverted away so as to not create the infection to be spread in the hospital. reporter: workers dealing with a person who possibly has coronavirus would first put on and 95 mass, all the employees been pre-fitted now just in case for maximum protection, the hospital mandating a road entry rope and glove to keep articles off the workers party unto body and finally protective glasses.
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doctors are saying, those mass that you buy at the store most likely will not stop the coronavirus, they are not airtight like the one the hospital has in the virus may be able to get through that shielding for the ones that you buy at the store. connell: many stores sold out anyway pre-good reporting. melissa: here now the response to the coronavirus, john hanna, national security advisor and foundation for defense senior counsel for let me ask off the bat, when you think of the response of our. >> i do think there is a lot of politics, has the administration response been perfect, no. but frankly when these crisis in iraq, i tell you firsthand experience, noah administration would have been totally correct from the get-go. it takes time to understand what you are dealing with to organize and get your hands around it.
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i think what the administration has done is important in declaring the emergency, establishing the task force, stopping the travel, getting our citizens out and putting in a serious according to policy, the biggest problem, there has been problem in the consistency and the muddled message that is coming out. i would also like to see the administration be a little bit tougher on china because china has had an offer on the table for months to get u.s. and other health experts into the country on the ground to really understand and study the virus and come up with real solutions and vaccines for. melissa: moving on to the escalating tension in syria, nato meeting after 33 soldiers were killed in an airstrike. russian back syrian groups, president trump speaking to turkey earlier today condemning the attacks, this is what a lot
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of people were afraid of. >> this is a very, very dangerous situation that has been brewing for several months, the world is only bring in attention to it now, the possibility on the cusp of active hostility between russia and turkey that obviously have implications for the nato alliance. we also now have close to 1 million refugees in syria flowing toward the turkish border in the possibility of turkey again opening up its border and moving these refugees into europe with a repeat of what happened in 2015 which was hugely destabilizing for the politics of the continent. this is really urgent and critical now for the united states government together with european allies that have the most at stake to figure out a
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way to get the russians to pull back, to agree to a cease-fire so people can deal with this crisis, this refugee crisis inside of syria before it hits europe. melissa: a possible end in sight for the violence and afghanistan, some hope the u.s. television expected to be fine tomorrow after years of unrest, president trump leaking a statement saying these commitments represent an important step to a lasting peace in a new afghanistan free from al-qaeda isis and the other terrorist groups that would seek to bring harm to the u.s. a lot of people surprised that they see the de-escalation of violence for the past few days but it is still one small step, what do you think will happen? >> it is a very small step, of course from the presidents lips to god's ears, then we will have a peace agreement and afghanistan that allows our troops to come home and put an end to the terrorist threat that that part of the world is opposed to that part of the
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united states is very skeptical because i think the taliban -- everything that i know of the intentions remain to bring down the afghan experiment democracy and re-create the islamic of afghanistan and maintain its relationship with al-qaeda that is now more than two and a half decades in the making so i think this requires a steadiness and resolve on the part of the united states not to simply abandon afghanistan to soon, we have to make sure the taliban lives up to some of these commitments. melissa: it is a difficult tightrope to walk because so many people feel so tired from having been there so long but if you pull out too quickly then there you go. thank you. connell: there are a lot of other stories besides the virus happening around the world that are important. some pushback developing in new
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york to a story involving plastic bags in the state ban on single use bags, could backfire on the working class? plus what is the ceo of the largest and most valuable companies in the whole wide world really think of the virus in the impact on his company and the economy. we will talk more about it next. ♪ with nicorette coated ice mint. layered with flavor. it's the first and only coated nicotine lozenge. for an amazing taste... ...that outlasts your craving. nicorette ice mint. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence.
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to walk to marine one he stops and speaks to reporters. he has been doing that and about 20 seconds or so we will be able to play that back for you. obviously many topics that the president would be anticipated to discuss on a day like this starting with the coronavirus and possibly the impact that we had this week on the financial markets, we did close down by another 357 points on the dow jones industrial average to wrap up the worst week for stocks since a financial crisis in 2008. earlier in the week when he had his news conference held in the briefing room at the white house, he talked a lot about that. here he comes walking out of the south entrance to the white house in approaching reporters who are gathered to ask questions. let's listen. >> going to south carolina, a big rally, thousands of people outside it's going to be very exciting. we have a big day tomorrow in terms of the democrats to see what happens. tuesday we have a very big day so it'll be interesting to see.
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were at the same number, a lot of people are getting better, very much better, the 15 number plus we took in from japan we took in some great american people and citizens and their getting better very rapidly, doing very well, all of them are doing very well. the 15 people likewise, we have dipped down to a much lower number, they are in good shape, most of them in very good shape. one of the people -- i would not say not doing well but she's very sick but she is hopefully getting better hurried but were at the same number, essentially we've only had 15 and a lot of that is because i called early and we made a decision very early to close up our borders to certain areas of the world and we did that. so we are hopefully -- let's see what happens into the future
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some countries are doing well, some countries are not doing well, you can see that for yourself. a lot of things are happening, we are very well organized, we have great talent, great doctors, great everyone and tremendous spirit, a lot of spirit and as you know with the flu, on average we lose 26000 - 78000 people a year, even more than that in some cases, some years. we have not lost anybody yet and hopefully we can get that intact. there have been no deaths and the united states at all. a lot of that is attributable to the fact that we close the border very early. otherwise it can be a different story. we will just keep doing a good job, were ordering a lot of supplies, were ordering a lot of elements -- frankly we would not be ordering unless it was something like this. but were ordering a lot of
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different elements of medical, we are working on cures and getting very good results, as you know there working as rapidly as they can on a vaccine for the future. with that i think i can head out. [inaudible question] >> i think people don't know, it's the unknown, they look at it and they say how long will this last, i think they're not very happy with the democrat candidates when they see that, i think that has an impact. and we think we are going to win and win easily, but you never know with an election. i don't think that's healthy. but i think basically it's the unknown a little bit but i feel very confident in our people are doing a fantastic job and again, we have not seen an increase in
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people are getting better. almost everybody that we have seen is getting better. and it could be everybody. [inaudible question] >> i am spending a lot of time testing coronation. mike pence is doing a great job anthony fauci is doing great, alex azar is right on top of that, were watching it very closely, we don't want any bad surprises. [inaudible question] >> you're going to have to speak up. the travel bands to the country that are not allowed in -- >> we are looking at that now in looking at a couple of countries that have a little bit
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disproportionately high number and we are going to make that decision very soon. [inaudible question] >> i think that the media -- yes i think cnn is a varied disreputable network, i think the drain everything that they can to instill fear in people, i think it's ridiculous, i think they're very disreputable and some of the democrats are doing it the way they should be but some are trying to gain political favor by saying a lot of untruth. the fact is, i made one decision that was a very important decision and that was to close our country to a certain area of the world that was relatively heavily infected and because of that we are talking about 15 who seem to be getting better, one is questionable.
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and had the decision not been made, it could be a much different story. so some people are giving us credit. some people are giving us credit for that and some people aren't but the only ones that aren't, they don't mean it, it's political, politics. so speaking of politics, i'm going to south carolina, i think were going to do fantastic there and it will be very interesting to see what happens tomorrow. [inaudible question] [inaudible question] >> we are going to win and that will solve that problem.
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no one he is getting ready to board a flight to head to south carolina for rally ahead of the south carolina caucus tomorrow. here is bill mcgurn from the wall street journal to respond to all of this. at the end he's talking about what is driving the market lower and putting as the potential economic impact and who is the democratic nominee. too that link, i remember saying that number weeks ago, we would see in the market if it looks like bernie sanders who is going to be the nominee. and at that point the market would get nervous, if you're looking at the difference between donald trump and a bloomberg or biden and donald trump and bernie sanders, then calculate what in the money,
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that would mean the market would go down, do you think there's a component of that. >> if i predict the market, we see the market does this, the market does not, the market is aggregate of billions upon billions of individuals decisions. what the president said about the virus is true, it is the unknown. markets really hate uncertainty and we don't know, that's the biggest dysfunction. but it is true to your point, there are a lot of people, not just republicans but democrats say they are worried if bernie sanders is a democratic socialist who still thinks cuba has lessons to teach us about healthcare literacy is on the top of the ticket. melissa: just real quick on his assessment of what's going on with the virus. here in the u.s., he is talking about most people getting better. one person who is in serious condition, what are your thoughts on that? >> it sounds like a fairly accurate rundown, the backdrop
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of this, i cannot believe the criticism. the president, you appoint someone to cordate what is happened, give the president the upshot so he can talk to the american people and so forth. we have a first rate public private healthcare system. i have no doubt it sometime they will find a cure, fine things, there's a lot of unknowns. we don't even know how lethal it is, whether it comes back, some people have tested for after not testing for. so there are so many practical questions but it sounds to me that some of these people think the coronavirus is the new russia that it will bring down. in the attacks on president mike pence is insane. melissa: thank you. connell: we have a report from california where they have been monitoring residents returning from overseas, we will get that report next. ♪ utchemel... cut. liberty mu... line?
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the coronavirus from spreading and we are joined from lax with the quick update. what have you been learning at the airport, robert? reporter: connell thanks so much they are definitely cleaning things in the bathrooms and highly-trafficked areas much more frequently, hourly here at lax just talked to some of the custodial staff here saying they are spraying things two and three times over to keep things safe and we've also learned generally this is about 100,000 travelers coming through the doors on a daily basis that number is lower of course as many domestic carriers have canceled flights to asia, international carriers though still making those flights to china to south korea, to japan and other points in asia. we've also learned from official s here that the cdc setup a screening area to screen some of the passengers coming in as international arrivals. we've reached out to the cdc for more information and details have not received any yet. we should also report late at this hour, cdc saying 1,000 test kits are heading to california. there's been obviously a big
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shortage across the nation and also a cdc rep telling fox news that travis air fort base evacuees from that diamond princess crews will be released on monday. no word yet how many. connell: what a week. wow. melissa: bulls & bears now. david: coronavirus virus fears plunging the stocks capping the worst week for wall street and the s&p 500 entering its fastest correction ever but it seemed at one point today it was going to be a lot worse for stocks it got a little better this is bulls & bears thank you for joinings everybody i'm david asman. let's go straight to the trading floors jeff flock is at the cme in chicago but first to jackie did, at the new york stock exchange. reporter: well it's a little good news good evening to you david but what happened on the floor today and in the last seven days was ver
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