the rally, 1200 points, thank you for joining us, we'll see you this time tomorrow. melissa: stocks roaring back today, we'll see what tomorrow holds, "bulls and bears" starts right now. >> welcome to "bulls and bears," i am steve forbes in for david asman, super tuesday resulted in a super width for market -- wednesday for markets, stocks surging dow up more than 1100, the second largest point gain ever as investor cheered at better than expected performance by joe biden last night. he won 9 states and over 500 delegates. but are investors really cheering a biden surge or a sanders slide? we debate that in a moment, but first, our all-star panel. zachary care notice his great

tie, liz peek. >> and medicare for all -- president trump could not resist, he weighed in. >> what do you think of the stock market react today, almost a sigh of relief. >> i said from the beginning, partially this, a big part of this, but also the fact that they didn't like seeing what -- they don't like joe either. joe has become, you know a lot of people are with joe, you look at those people they are worse than bernie in terms of being radical left. >> liz, are markets reacting to less likelihood of bernie socialist policies coming to fruition? or do they like trump's odds again joe biden. >> they are reacting to the berb bernie slide, we know that because the healthcare stocks went crazy today on the upside. the diminished prospect of

healthcare for all is good news for those companies, the more you see joe biden, the more i think he is incredibly beatable by donald trump. markets were pleased either one could happen, other factors weighed in such as more smog in china and worse traffic that was an incredibly important data point, there is a view china is getting back to work. >> always a good economy. >> a vaccine against bernie sanders virus, called joe mentum . >> oh, boy. >> i have to write that down. >> this started a week before iowa caucuses. the names up today, they started to slide back. i think this is a hedge against communism and hard-core socialism coming into the system, everyone will deal with joe later, but the fact this

provides a little bit of a hedge is great news for market. >> not to be a downer, there is a huge amount in market land that is driven that algorithmically triggered. overdone in that. there was such a huge sell-off last week, a lot of programs and people positions and trades that are happening that no human being. so, there is a little bit of that, combined with the other factors in market land, and don't be surprised if you are in for a period of intense volatile overcoming weeks. irrespective of fundamental realities. >> something triggered it. >> yes. >> algorithms are colored green, who cares. >> right. >> we know markets don't like uncertainty, we have seen a

decline in that. because huge package with respect to spending government spending, to actually hold back the impact of the coronavirus. we also seem to zach's -- i can't believe i am going to agree with you, zach. >> unprecedented. >> but you know there are people coming back, it will be volatile over a period of time, it has nothing to do with biden's win. if anyone, if any democrat on that stage would have actually showed strength in terms of going after -- against bernie sanders. we would see the same reaction. the thing is that bloomberg fizzled out, amy and pete, they have bailed out. but the thing is, we're left with biden, we'll see what happens. >> i think that you say biden did well, he did not do well everyone else got out of the race. >> this establishes there is a

empire in democrat party, they struck back in days. >> amazing. >> in terms of future, quickly, liz, do you think that now people will pay more specific attention as president trump said to what actually joe biden is? >> yes interesting question. >> not bernie but not a conservative or a moderate. >> and his record, we heard a little bit about his record, passing crime bill. early on. but someone today, i san josing it -- it is really good joe biden is out there, trump is not going to manage this well, and biden is a good manager, you remember that stimulus program. >> shovel ready. >> that joe biden's management skills, i think we'll hear more about his record. >> zachary, that leads to an interesting question, is joe biden up to beking one on -- beg one-on-one instead of part of a

crowd. >> he is tough and truck -- >> you can imagine this being a fisticuff confrontation. entertaining and -- >> full disclosure, zachary tresdreamt of them going at each other fist fight. >> i did. >> someone living through a nightmare today, former new york city mayor bloomberg suspending his campaign today, and endorsing joe biden after pouring hundreds of millions of dollars into his own failed bid. >> today, i am clear eyed about our overriding objective, that victory in november. not victory for me. or our campaign.

but victory for our country. if you remember i entered the race for president to defeat donald trump. and today, i am leaving the race for the same reason. to defeat donald trump because staying in would make it more difficult to achieve that goal. >> zachary, green tie is what resembling money? no, seriously, why hasn't elizabeth warren dropped out, president trump said she is just selfish, is he right? >> why trump needs to opine about elizabeth warren motives is beyond me. >> he opines on everything. >> but this in particular. >> and opining on a presidential race is his prerogative. >> has an opinion about third place candidate in a primary.

we're hearing. next day. massachusetts. to do well in colorado, well in california, she did not, bloomberg did the right thing, i know he will get no dearth of people making fun of 500 -- million on american samoa. >> he can buy it with that money. >> at least it was his own money. >> what are you talking about. >> bloomberg was a winner. he won most expensive participation trophy in history. right. look. >> america samoa does not even vote in the election, they get 6 delegates in primary, and no vote. >> they have great cookies. >> in elizabeth warren a hands, she can't -- endorse immediately, but she can't wait too late, she does not want to pick too early,

but she wants to add value to the race. >> the longer she stays in the more she hurts bernie sanders. >> she has a lot of leverage here. she has the opportunity to survey the field and try to cut a deal with either bernie sanders or joe biden. >> those deals are were -- worth even less than confederate money in terms of promises, they all hint, you would make a great vpor secretary of state it finds nothing. >> i do think she has leverage. >> what -- what could she leave for. >> the vp slot. >> she has opportunity to talk to bernie and joe. >> this is worse than casanova saying i love you in the morning. but in terms of those promises. they probably told mayor pete and senator klobuchar the same thing. you would make a perfect vp . >> i can't imagine, i can't

imagine why she is staying in. i can note. can -- i cannot, she is going to irritate both sides, and i don't think she has about leverage. bernie sanders if he wins. he will not -- >> if you add her totals with bernie sanders' totals, he would have done much better last night. >> no question. >> those two had not dropped out. mayor pete and senator, biden would not have done as well. i think trump hit it on the head. >> a progressive sidekick, if not we're will see democratic party have huge turmoil at their convention. >> that is going to be interesting, i'm old enough to remember chicago in 1968. don't want to relive that one. >> president trump and vice president pence, met with airline ceos to discuss combating the spread of the coronavirus. congress approves a multibillion dollar budget, we get a live

update from white house. and we'll speak with congressman, dr. larry. >> we'll bring full resources of federal government and we'll enlist full resources of america industry to keep the american people safe. our airlines have been exceptional partners with us. (howling wind) (howling wind)

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plumpresident trump and membersf coronavirus task force, and ceo of airlines sat down, and went through the ways that steps that airlines are taking to try to combat the spread the coronavirus. then, other thing that was discussed is tremendous impact that this global outbreak is having to the airline industry. you dig into data, it is pretty staggering, airline stocks plunged 27% over last 3 weeks, it really getting worse. international air transport association said that industry is experiencing slowest traffic growth in a decade, this afternoon, united airline announced it will reduce domestic flight schedules by 10% and international 20% in april, due to the decline in demand. do not expect president trump to give airlines a bailout, he was asked about that during the meeting, he said we have not discussed it and he joked with

the reporter saying, don't give them the airline ceos any ideas, then president was also asked if he thought it was still safe for americans to be flying. >> i think where these people are flying it safe to fly, large morguportions of world are safeo fly. we don't want to say anything other than that. we have closed down certain sections of the world, and they have automatically close them also. they understand that, they understand it better perhaps than anyone. yes, it is safe. reporter: vice president pence is going to be putting that to the test tomorrow, he is scheduled to be flying to washington state, to check in on everything there, that is where at least 9 of 11 coronavirus related deaths here in united states have occurred. steve: airlines are not only ones taking action against the coronavirus, house passed a deal

8 billion in emergency funding receiving huge bipartisan support with vote of 415-2. bill will be making its way to senate. dr. larry buschon is a member of health subcommittee, what is in the deal, how will it help, what are the specifics? >> first, steve, i want to make it clear agencies are fully funded through end of fiscal year already. and they have been plus step under last 5 years, but this bill provides 4 billion more to make sure we have diagnostic tests avail coul available and y develop vaccines for coronavirus, and -- and also 20 million in there to administer disaster loan funds for small businesses, as well as state department, and others to respond overseas including

repatrioting american citizens this is additional money needed, i was glad to see the vote as strong as it was in house. steve: do you feel we were slow in getting off the ground, and administering these tests. what was the delay? >> first, you have to realize, to get the test done, we had to be -- have access in china to get the sequence of the virus itself. that was delayed, they didn't let us into this china so we could identify the virus, that was a delay, then there were issues that at ctc with a agent, virus asay to determine if people are positive or negative, i think they had that fixed, new getting out these tests, to laboratories and big cities but down to your family physician, everyone will be able to tested, i think that response is slow initially because honestly the chinese did not let us in, then

a little bit of issue with the cdc, mostly resolved now. >> this is carl roth -- caroll roth, how is in. coulinformation glow flow worki. >> i think that information flow is very good, vice president now in charge of the team, he has professionals from all agencies he is taking advice from and coordinating that. >> a congres congressional stan, i think that administration has done a great job of briefing us, i just came from a briefing before the vote. with vice president and dr. fauci. i want to comment on media response, and with some misinformation. you know we had not funded the cdc and nih and president cut their budgets a critical time that is false, i am hopeful that national news media across every channel, will actually get the facts out like we're getting

briefed in congress, i think that american people will be comfortable with that, and we're having a robust response from both the administration and congress. >> congressman, just as a point of clarification, korean and japanese, and italians and french, and germans, they did more aggressive rapid testing, blaming chinese for, that i know it scores littl political points not scare with experience of other country, secondly, in your oversight function, one thing this federal government can do is provide better in, that is state and local response not federal. there have been critiques from state and local party there is no good coordination from executive branch, are you going to make sure that pipeline of information is robust? >> first, i dis agree that china did not delay the testing, and the ability to delve vac reasons, other country have

their own process, we have ours, i did say there was a delay the cdc. but i do think that congress will have oversight on this one thing that i have think is important when you provide extra money like that, this follow-up, i do think that congress will follow-up on this, and see where the money went, and what response was. and you know in a situation like this, a novel virus. i do think we were prepared, but it such a daunting task to get everyone informed quickly. if anyone at state or local level needs more information the cdc has been providing, that we're doing a good job of that. could it be better? absolutely. things could always be better and we'll learn something from this experience. >> congressman, thank you for joining us. do you think that going forward that we have enough medications for people? there has been a lot of talk that we depend too much on china

and india for medicines, what is your view in. in? >> we have a supply chain issue. but more broadly with medicines, active components being produced in china, a lots of those, we hearings on that, we're trying to correct, that but i don't think it will have a substantial impact on coronavirus and the treatment for the coronavirus. right now we don't know necessarily if the ain' -- anti-virals we have are efisk effective anyway, i don't think overall it the have an impact of treatment of coronavirus. but, there is a supply chain issue with active components of critical medicines out of china, that is why the administration is trying to adjust -- address our defense on china in a lot of areas in our economy, medicine is one. >> yeah. thank you. >> thank you very much. steve: and continues good work. >> you're welcome. steve: border wall battle is far from over, 19 states suing president and his administration, arizona

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steve: california and 18 other states suing trump administration overallcasion of military funding to build the border wall. in response to white house diversion from pentagon to border, states argue that violates congress' appropriation powers, joining us now, arizona congressman, andy big - -- andy bigs. >> where did you stan on this. >> i think that they are in

error. i would say that states don't have standing to raise that issue, but leave that aside, move to the real issue. they don't want to fund the border wall, the president found a way to fund it, i think they are in error on this. steve: they call for emergency power. >> i think -- look, you talk even now, 30 thousand apprehensions last month that is a crisis situation that is 3 1/2 times to what we normally expect to get. that is just way too e many peoe that is who we catch. >> congressman, i thought scotus settled this with respect to presidential powers regarding money that allocated to military. you know, if presidencies just

cause to make sure we build that wall to secure the border, why is this an issue now. >> i think you are right, that already been settled on that issue, they claim that there was some language that deters president from deferment. and i think that is wrong. i don't believe that language is valid, and don't think it is specific enough, and we didn't have power to do it, if i were judge in this case, i would dismiss it for lack of standing. >> what is their claim on that, how do they claim they have been hurt by this bill? >> they are trying to -- do pencil logic, they say, that they have national guard troops or they have some kind of a federal bases there that might have a project, if that is bee deferred in favor of building the fence they have been harmed in that way, that goes away,

because, the federal government basically allocates or designated and they could pull it back like in the brack program. you can pull it back. they lose on that argument. steve: switching gears, you co-chair of house for powers caucus, u.s. is contal conductig airstrikes. against the taliban. the taliban appears, intent to squandering this opportunity and ignoring will of the people for peace. will we ever be able to trust the taliban? >> well, i think when you deal with a nonstate actor, that has military capabilities, to a small extent like the taliban does, you run a risk, i am hopeful that they were just

trying to test -- i am alsoing isuggest maybe it indicates that taliban does not have full control over its maybe -- membership, not they term to use but everyone who might affiliate or claiming to taliban. i think that reality is, we'll give it time, let it play out, i am hopeful we can get to a point of peace in afghanistan so we can return our soldier soldiers. >> what do you think that taliban wants, is that something we can realistically deliver or- or agree on for them? >> that's would like a greater share of governance in afghanistan, i told their sphere of military influence is in a 90 mile area, they want to control that, get more bh beyond, problm

with that what i call regularize forces, they are putting pressure on taliban, so taliban said, okay, well, we want to maintain what w we have, i -- i think that is what initiated this you had tal big ca talibang guards from central ca cam -- command there the army. steve: you are one of two who voted against emergency spending bill for coronavirus this afternoon. tell us why in. >> well, the president and secretary azar asked for 2.5 billion, they allocated where it would go. and provided offsets in budget this particular deal was negotiated 14.1 billion and and demand from democrats, this is note dealing -- this is sending

1.25 billion overseas, and adding 500 million to tell medicine programs this is a christmas tree thing that is what happened. steve: thank you have so much whatever they say about you, you are a man of courage, we'll be right back, thank you. by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k. get a no-fee personal loan to be our guest. with an invitation. the invitation to lexus sales event now through march 31st. lease the 2020 rx350 for $409 a month for 36 months and we'll make your first months payment. experience amazing at your lexus dealer.

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quarter are 50%. politico reports that white house aides are urging president to release an economic stimulus package before the election. liz is it necessary, if it is, what should it look like? >> i don't know if this is necessary, an idea is middle class tax cut, a payroll tax cut, that would be one year of duration, obama did that after the fiscal crisis, that financial crisis that was probably you know talked about, and under consideration. and an investment tax credit, short duration, if companies are dealing with bringing supply chains back let's encourage that, bring in more manufacturing like pharmaceuticals here. >> in addition to incentives for supply chain, i would offer up

potentially incentives for keeping people working or hiring more people, that is where we get vulnerable, when you go into an election you want to make sure people are not losing their jobs and still being hired. >> it is a -- presidents hate a weakening economy going into an election. this is going to be an economic hit of one form or another. we only have 2% economic growth as it is, this is not something that white house and congress can snap their fingers and control, in that sense it would be better to allow for that, and think more long-term rather than stop gap measures that may do something in third quarter or not, but would be politically

driven. >> but, demand will only be delayed, not going away. you look at service sector, sunkesurged in february. and nonmanufacturer rose. and economist have been expecting a decrease, we're seeing certain areas in the economy going strong. >> you will lose it, if someone does not go to that trip to disneyland during spring break they cannot get that back. >> we should not panic based on coronavirus. steve: your political strategist, would you advise for elooelectoral purpose? >> no, that from perspective, i think both tracks actually lead to one initiative in terms of doing what it in best interest of the economy and working class, to liz a point this

something president already wanted to do in terms of tax cuts wh who -- 2.0. >> well, polls did not see this coming joe biden surprise win in texas. they really missed that one. what will it mean in lone star state in november. we take this up with texas g.o.p. chair, next. >> super tuesday for nothing. just a few days ago. the press and tur pundits declad the campaign dead.

steve: former vice president joe biden stunned pollsters by beating bernie sanders in texas last night, that win was unexpected. he spent less than 100 thousand campaigning there compared to bernie sanders who spent almost

4 million. and bloomberg's 57 million. james takey is joining us now were you surprised? >> not really. the big take away for us last night was just overwhelming rejection of socialism by texas ans. even democrat -- texans, even democrat texans that is natural, in texas we know that hard work. and that the basics that really help people succeed, they have seen it under republican leadership for last 18 years. and therefore could not get onboard the bernie train. steve: state is not turning purple? >> it is noting but as i tell everyone. not because -- it not going to stay red because we can sit on our laurels, it will stay red because we doing work we have to do to ensure it does, over a year ago we started recruiting

and training candidates this this primary we have over 1,000 republicans across the state, dem. >> and we raise triple what we raised last year, and so we ended last year with -- never before had more than 2 million in bank, we ended last year 4.4 million, as a result we were able to build up our staff, we is more field staff than last two elections combined we're on the way to increase that by 10 x . we are doing work volunteer recruiting, not had thousands of volunteers in years, we have 3300 volunteers -- help us register over 50,000 new voters. >> i think important you are not being cam -- complie come -- cos in. there are shifting within texas

in terms of growing urbanization in houston and austin, and a younger population and more ethnically diverse one. there has been a tightening within texas. >> you have to are excitement and a message, we have that. actually reflected in 2 million nearly 2.1 million voters that turn the out yet, without a single top of ballot fight that shows, site a -- excitement we have. house district special 28 -- in a diverse suburb of hos houstont month. in city limits of houston, where in two at large city council races in december, we won two out of three races, in a houston city council race, we making the gains we need to do, but to give

you a file fo file for changes 2 primary to 2018 general election we added 2.7 million registered voters in texas, that is more than exists in state of colorado. >> that is awesome. >> you know. chairman, i am thinking that joe biden actually needed help to beat corn pop, you look at texas primary. pete, and aimoy an amy and beto. with that, you mentioned with regard to ridge sterring new voters, morn, volunteers what other things do you think you need to do to make sure we just don't edge out a victory but we win by double digits. >> we will make sure we win from white house to courthouse with president trump in the lead, and working hard to make sure that his support in texas is shored

up, i am have been so pleased and impressed with how much his team have devoted attention to texas, not just as a cash register but a source of support and a well of support both ways. the campaign has helped us here in texas, and texas is a big fan of president trump. as you can see from him winning 94%. and him alone getting 1.9 million vote. yesterday's primary, even though we did not have a big challenge. >> chairman, question for you. reported that exit polls show young people did not turn out for bernie sanders, how important was that? >> well, i am not. i'm not going to wore about wort opposite side. no question we've been putting work into increasing our youth vote, we're increasing our high

school clubs, young republican clubs, college republican auctioauxiliary, we have been gg those, and have seen a lot of excitement from volunteers, and interns to campaign workers to folks at rallies. >> thank you so much mr. chairman. and nice to see that people can move to texas not bridg bring td politics of the state they left. >> you can imagine. may be more to sit in the middle seat on a plane? why some airlines are banking on this. 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? let's be honest. quitting smoking is hard. like, quitting every monday hard. quitting feels so big. so try making it smaller,

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steve: hate getting stuck in middle seat on a flight, several airlines are looking to make the

middle seats a little larger, for a fee, they realize adding an extra width of an inch could improve comfort for everyone in the row, talk about fighting the obesity crisis, would you pay more? >> no, if they want to make it more comfortable, get rid of middle seat, have just two seats and tear out a few rows so you can recline your chair, people are do not beat each other up on flight. >> right now, it is all to yourself. >> i would not pay more for a middle seat, i hate sitting in middle 68 seat, last time i toop a flight, someone took up 1 1/2 seats, guess who lost that half a seat me it was ohr i think. morible. >> i hate being squeezed. this is right thing, how are they going to go about doing it not sure. >> remember easyjet, they put in

pay toilets, you had to put in a quarter. >> they need to get rid of some of the rows. that would make it more comfortable, maybe a couple squishy roads in the back. >> jetblue does that. >> this is a physical and mental health issue. >> how about including more kush acushion in certain seats. >> let's be greedy. why stop there. >> one solution my favorite, if middle seat talk to your seat mates about monitor policy, they cut you a wide berth. >> they sleep on the window. >> fall over the side. >> right. >> on -- get on a plane person next to you does not have a bo booker on ipad and nothing, you know that conversation is coming your way. >> keep head plugs in.

>> never stops. steve: talk about flat tax. and they will go away. >> monetary policy, flat tax they get interested. >> all right there you go. >> well. tinder offering tips to its users in protecting itself with dating. but not advice you are thinking. stay with us for this one. to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. . .

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♪. steve: tinder telling user how to protect themselves from the coronavirus while dating. oh, this, tells us something about civilization. this message popped up while members were swiping their potential matches. tinder saying, quote, your well-being is our number one priority. tinder is a great place to meet people. protecting yourself from the coronavirus is more important than having fun. carol what do you make of this?

i can't imagine how romantic this is, your purell or mine? >> i'm not a tinder user. i have never been a tinder user but i would imagine if tinder wants to protect the users from viruses, that coronavirus is probably not the top one on the list they should be concerned about, if you know what he mean. steve: oh, boy. >> let's not get into that. steve: day time television, here we come. >> we're kind of blending into nighttime. i think on this one i'm, reality is, this is a public service too announcements. anybody who buys a cigarette box, this product will kill you and may kill you this way, may kill you that way. this is tinder's version thereof. i'm sure they could add in a whole series of other, your safety is our highest concern. >> the more you know. >> which isn't of course their highest concern. >> i think honestly everyone is trying to find out how to pros

tech themselves or pass it along or get this virus. people in new york are used to double kissing as we all know, now hitting elbows. do you hit one elbow or other elbow? that seems odd. or do ankles. it is getting a silly. >> totally. they dropped the ball here, if i was on the marketing team, what i would have done actually created some memes, cupid with a mask or certain things of that nature, right? make it fun, at the same time, you're actually creating awareness, not a public service announcement. that kills business. that is not cool. >> why have coronavirus by yourself when two of you could have it together. >> that is romantic. >> john, exhibiting hither too unexplored talent here for memes. steve: nothing to sneeze at. >> that is another meme, right? there is a lot of things you can do. don't make it a public service

announcement. to carol's point, there is a lot of other things you need to be concerned about when you actually engage strangers. steve: that does it for pulse and -- "bulls & bears." see you next time, we hope. ♪ liz: welcome to the show. i'm elizabeth macdonald. "the evening edit" starts right now. a look ahead to the next primary, crucial swing state, florida, after joe biden did romp to a surprising comeback. super tuesday victory. president trump spoke to hispanics to capture that vote so crucial in states like florida. polls now show the president's support among hispanics rising sense 2016. all threeaj