has to stop going up, treasury yield has to stop falling and the dollar has to stop going up, hit already has started to come of the last two things need to stop happening and that will be the end of the correction. charles: when you take profits on your goals, let us know. >> i'm hanging onto it for dear life. charles: lives up to you. liz: scott, gold is already down, not by much though. i want to let reviewers know it's down $4.71. charles, mark the clock, 3:00 p.m. eastern straight up, will we see buying at the bottom at this final hour of trade, conflicting headlines hour by hour, how the market is doing the best imitation of c cell. first bond yield to fresh record lows, the trip administration is considering ways to discourage u.s. travelers from taking cruises an effort to limit the spread of the coronavirus. now take a look at crude oil, taking at the moment by ten-point to 5% and now we stand

up $41.22 a barrel the giants of the industry, exxon mobil and chevron into bear markets. where is the president, right now he's heading to the center for disease control in atlanta after signing the $8.3 billion corona spending bill this morning. that seems like ages ago and now the dow is down 812 points. it kinda looks like no amount of money can fix which is gumming up and rupturing in great part to the coronavirus lowdown. it is hitting our nation with a 12 punch after last year's trade war, we will take you life to the port of long beach in what is now the full-blown shipping container crunch. from ports to people as 50 new virus deaths overnight add to italy fast growing number of victims, how is the biggest name and traveled to her that region handling the situation. steven perillo of steven perillo

tours joins us in a fox business exclusive on cancellations and his new policy. less than an hour to the closing bell, let's start "the claman countdown". ♪. liz: we have a bunch of breaking news, i will start with this, let's take a look at apple shares. right now they're falling after what many had expected with apple shares down 3.7%. apple employees at a silicon valley headquarters have been asked to work from home today as a precaution. apple joins the ranks of other tech from amazon to twitter and beyond who have asked employees to work remotely from their homes. as you look intraday, actually it was down much less earlier even as deutsche bank took an ax from $305 to 295 bucks, right

now apple is at $282. ubs is warning that demand risk is increasing and the near-term for coronavirus impact on chinese consumers. we knew that but now ubs is making the connection with apple, apple supplier on semi conductor is bringing down pretty much the entire iphone and apple ecosystem after had to cut the revenue forecast due to what is called virus disruption down four-point to 5%. you can see sky work solution down five full percentage points, and down 4.9%. also those are being felt in the travel sector. disney cruise lines announced it will allow guest to cancel sailings for a full refund and will start screening crews and passengers before embarkation. that's for passengers who decide they're still going pre-disney is down 1.6% - $112.14.

let's look at the crews liners, they were green earlier today, now they are red, norwegian stock halted earlier due to volatility, norwegian down 4.5%, royal caribbean down 4% and ccl down three and change percent. check out the national air gua guard, air dropping coronavirus testing kits to carnival grand princess cruise ship that has been left in limbo off the coast of san francisco. we do need to tell you that virgin voyage new scarlet lady cruise ship has canceled its new york city launch ceremony, that ceremony i was the press invited to not, i have confirmed they have canceled, it was supposed to take off from the hudson river, it is postponed/canceled for now. in just a few minutes we are going to bring a parrilla tour, steve parrilla to discuss the impact on his business for tickly with the death toll rising overnight in italy.

what are the changes he is making, where are people choosing to go instead of italy which is considered the hottest destination for spring. we are witnessing risk redistribution hour by hour, investors are moving in and then out and then back in and back out during the final trading session of the week. there is red with the nasdaq down 4%. what a wild weekend has been. a 1000 plus point gain on monday, 1293-point then on tuesday morning after the market began trembling, we saw a loss of 785 and it was about 2:30 p.m. eastern when the federal reserve in a rare move made an emergency cut of 50 basis points to the benchmark lending rate, they spike more than 1000 points wednesday about 1173, but then as you see on thursday resumed cratering.

but oil has been one of the big sufferers day by day, crude is now in the second day of selling off big time collapsing today to the lowest level since august 2016. 41.30% in the aftermarket after opec failed to strike a deal with russia to cut output in order to put a floor under the dropping prices. u.s. crude dropped 10% in a regular session to settle up 41.28. you can see were only slightly higher, the biggest daily decline since 2014. let us flip it over to wholesale gasoline prices, we call them are bob gasoline prices, down 8.7% at $1.39. this is wholesale a lot of your pain more but clearly you have crude and gasoline, natural gas following crude down the rabbit hole. yesterday in countdown, dan juergen who has followed oil for

four decades was very blunt what he had seen. >> it is collapsed in oil demand is really dramatic, this is a real demand shock, more powerful than 2008 in terms of what is happening right now. liz: where are we and what appears to be as under perfect storm scenario on equity and oil market together. let me take it to the four show. both chevron and exxon mobile, 20% of recent high. >> it is very dangerous right now and it shows bad things for the market in today's drop, the biggest one-day drop since the last time opec had a failed meeting. in the bigger concern is not just the price of oil or the price of gasoline it is the sustainability of a lot of u.s. energy producers. this hit with a historic drop in demand and now the historic drop in price is going to have

ramifications and if they do not get this under control, this is going to go beyond the oil market and go into the debt market and other issues. so we hope this will stabilize, if it does not there will be bigger problems for energy next week. liz: it is important to point out, i bringing this up because less than one minute ago this just moved on the wires that the country of columbia has confirmed its first case. here is the issue with a big trick, it's a 19 euro patient so the theory only hitting elderly people, it still stands the elderly people with previous conditions are still dying but younger people are appearing to get this, i bring this up because we are all going to be seeing this everything will day, there will be more deaths for there are fewer so as we ride out this very traumatic wave in the market, give me an assessment of what you expect to see. bottoms do not happen in a day.

they bump along for a while don't they? >> they most certainly do, right now were in the process of retesting the lows from last friday were sorta above that around 2900 right now kurt. some of the excess has come out of the market a little bit. but right in front of her, oil doing what it's doing was very hard for the s&p or the overall market to make the rebound that he made last friday. liz: we are making -- were getting closer to the .66 on the treasury yield which is cratering once again, we had pumped up to about .72, it's very important to keep her eye on treasury specifically because that's the flight to quality and

were seen multiple prices and a meltdown in the yield. >> we really have, to be honest with you i have not seen anything quite like this since i have been doing this. that's more years than i want to admit right now. the long end of the yield curve just exploded overnight, i think it's beyond reality, it's more fear and if you look at what happened at the vicks today, it's been expressed there. liz: at 35%. >> it is crazy. liz: 37% right now. >> it is absolutely crazy right now. it shows we're going beyond reality because i understand why people are doing what they're doing but i think it's way over reaction. liz: we can think that and i did see we had a fathead speaking and he was basically saying the market is way over estimating and taking into account the

worst case scenario and we know that is not going to be the case but the market is a voting machine, don't fight it for now. thank you. phil and tim we may bring you back because we still have they're down down 813 points in the nasdaq down 349 points. you are hearing a lot, we keep hearing about supply chain disruption caused by the coronavirus. let's take it to the nation ports. they were hammered the last 24 months as the u.s. china trade war severely car tailed shipping volumes and then the seasonal slowdown that comes in early january during the chinese new year it initially had a mild impact but now the coronavirus and the domino effect from factory closures in china has led container volumes to plummet. let us take you now to ally picture of the port of long beach with the los angeles biggest port complex, more than 200 billion worth of goods moved through the port of long beach

each year. maria cordero the executive director of long beach is joining us on fox business exclusive. thank you for joining us, we understand container operators have canceled 60 trans pacific sailing from china that were to head to your port, can you describe the situation on the ground right now as you see it? >> thank you, certainly the situation is a point of a crises, there has been 60 sailings of the largest compex of the nation. what that basically means is less volumes in the typical impact in terms of what that means and the job supply chain in the jobs and the economy. it is very concerning. liz: a huge selection for you to saw truckers having the gridlock in the dockworkers, can you specifically talk about the issue at hand, it is very specific but i want our viewers

to understand it. these are read empty refrigerated containers and there is a massive shortage because they are still stuck in china and not coming across to see. >> correct, when we talk about the trade route which is the most important trade route for this country, asia to the west coast, because of the coronavirus added time when he already had two week closures due to the chinese new year end the coronavirus what that did was move the closures to an extended time, 3 - 4 weeks, that disruption that happens causes a domino effect in terms of supply chain. liz: this may be a dumb question but could you retrofit nonrefrigerated containers customer. >> no, i think at this point given the situation that we are in, i think the bottom line what we are trying to do at long beach is to mitigate the situation and again, i am told

by some of the carriers they are prepared to do that by sending ultra large vessels coming to the port to address the issue. >> as we go i want to show the dry index, the benchmark for the price of moving brought and finished goods across the seas, will you be forced to four low employees if the situation continues customer. >> in terms of the employees who work at the dock and the natural labor force in the warehouse union, the dockworkers, at this point my understanding is the job assignments with us dockworkers have been reduced anywhere from a third - 50%, a significant impact. liz: hang in there, you and the gang, we really appreciate it and we hope you stay strong. >> thank you so much liz. liz: mario cordero of the long beach report. we are 45 minutes away, where the dow jones industrial struggling to find any air and

get left, we're down 784 points but that's off the lows that we saw earlier of 894-point, j.p. morgan chase at the bottom of the dow 30 today. this after the bank revealed last night that chairman and ceo jamie dimon had to undergo emergency heart surgery. up next charlie gasparino has been reaching out to his contact high inside america's biggest bank to see if the health scare could lead to a shift at the top sooner than later. charlie breaks it next and with the coronavirus spreading wider than the roman empire, what do you do about the once-in-a-lifetime roman holiday you had planned. in a fox business exclusive, the ceo of a well-known trusted tour operators in the nation steve carrillo, perla tours is coming up first on fox business pre-we are coming back. ♪

they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room.

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simple, easy, awesome. i'll pass. liz: we have breaking news on the new york stock exchange as coronavirus preparation. charlie gasparino has made it to the set what you hear. >> the new york stock exchange is the epicenter of finance, you get visitors from all over the world that come during the closing bill and want to see the

traders. recognizing that is very prudent of the management of the new york stock exchange owned by the intercontinental exchange rate as of earlier today the implemented additional measures to make sure this places safe and sound. from what we understand, they first asked traders to move stuff off the desk that is extraneous, they're going to clean the place or crazy. number two, they've taken some steps to separate the visitors from the traders. i don't exactly know what that is. liz: visitors parade out to the floor, every time i've been down there, they common in the karen. >> i think visitors will have to follow cdc protocols, did you visit italy recently, tested for fever. the exchange is setting up the safeguards, the new york stock exchange and the nasdaq, the

average person, the nasdaq is known for, the computer, the new york stock exchange, there's people on the floor, if the destination. liz: people come to the nasdaq to ring the opening whatever they call it. >> as much as i love people out the nasdaq, there's nothing like the big board. the iconic big board, it is an iconic team, that's why we have cameras, the closing and opening bell is a celebration of capitalism. people are there, it's obviously a place that is open possibly to the outbreak of the coronavirus given all the foreigners coming in. so they are taking additional steps. this weekend they're going to test run the new york stock exchange as if the place will be closed remotely. that is coming this week about additional cleaning steps are happening, the separation of visitor traders is happening, there will be more stuff, we will come back when we get it. liz: speaking of capitalism, the capitalist of bankers jamie dimon is thankfully recovering, you hear from emergency heart

surgery. >> the ceo of j.p. morgan chase, we should point out he is not just a ceo he's one of th best s in the world, clearly the best one and baking. i have no him for years, i know him when neither of us had gray hair. that's how long i go back. so i consider him a friend, take it for what it's worth. he is going to make 100% recovery, the fact that he caught this early, you recover from this heart issue. because he had cancer a couple years ago, he's very into this body, he knew something was up that's where he took himself and got checked. liz: what's happening with the chess pieces up j.p. morgan. >> that's the real question, does he stay or does he go. just based on the people i speak with today, i would be very shocked if he did not come back to work. and finish out his term, i think yes three years before he said he would retire. i would be very surprised. i would not be shocked if you called it a day.

liz: the stock is down 6%. i would say a lot of that -- >> i think jamie is going to have to make a choice, does he want to stay at home hang out with his grandkids, wife. the last time he was out of work, the guy went nuts, he took a guitar, he hated it. liz: i love speaking with him one-on-one and he has an ability to crystallize and calculate all that's going on in a very rational way. >> jamie dimon is at home all day, he will go nuts. the only thing i can tell you, it's more than a theatrical possible to, he said enough is enough. in 1999 that was a long time ago when he was out of work it is different now, he's an older guy. liz: thank you very much on both the pieces of news within new york stock exchange protocol and

jamie dimon. closing bell 37 minutes away, the dow is down 707 points, the big changes to chipotle mexican grill it has nothing to do with burrito bulls or chips and salsa or queso blocker, that ahead in today's fox business pre. we have talked so much about supply chain in the breakthrough coronavirus countries, you have to download my podcasts, operations in china and italy among others, his cofounder tim brown and joey launch the ship company out of an apartment, today is a billion-dollar brand supported by celebrities, the ceos all around the world. >> is made out of sugarcane, it's a success story preview have to hear, apple, fox news podcast.com, subscribe, let me know what do you think on twitter at liz claman. we are coming right back. while the world keeps fighting for your attention.

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liz: we should take a look at mcdonald's and cd joining the

coronavirus cancel coaster which was one of the first chain to shut stores in china in january. now canceling three-day worldwide convention which was supposed to take place in orlando starting april 20, the event be held digitally at the outbreak shows no sign of slowing down. donald was down 7% the past four weeks as a grapples with the worldwide impact of the virus because the stores are everywhere, right now down 2.2 5%. mcdonald's is not the only food chain bearing the brun rental oe coronavirus. [crowd boos] we have starbucks brewing up bad buzz, here's what the coffee giant falling after a 50% sales drop in china in the second quarter due to global karen outbreak, starbucks announcing it will not open any new stores in china for the near-term, analysts with the price targets in response to the news.

on a double dose of activist pressure, two separate funds pushing the company to replace the retail entire board and hope of getting the wholesaler to pay down debt and reverse earnings underperformance. after 27 years chipolte founder is leaving the company. under the leadership the competitor grew from a single storefront endeavor to a national phenomenon with over 2600 locations across the country. up next the ceo of perilla tours joins liz on how his business is being impacted on the situation in italy. can we go get some ice cream? alright, we gotta stop here first. ♪ ♪ from smarter atms, to after hours video tellers ♪ ♪

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liz: 26 minutes left to trade,

breaking news, i pulled up a site the saudi arabians football administration is suspending public attendance at all sporting events starting tomorrow due to the growing corona virus, fears that are coordinating and meeting just as many american organizations are doing as well, the saudis are saying no more gathering at sporting events, that begins tomorrow. we do have the news on the coronavirus, the death toll in italy has risen overnight at an alarming rate, it went from 148 people to 197 people at this hour, the total number of confirmed cases and italy stand up fo entered. luxury travel committee perillo tours since 1945 our next guest family business has been america's leader in tourism to italy which as you know is a

hotbed for the coronavirus. when you visit their website you will now notice a special italy travel notice and read and it says while the odds of getting the coronavirus are literally one in a million, we will help you reschedule or cancel your tour if you have any concerns. how many have been canceled and how many will be canceled, joining is now steve perillo, on a fox business exclusive. i wish we were under better circumstances. >> thanks for having me so i explained what is happening. we had the best year in 25 years this year, 2020 was fantastic. and in two weeks we lost march and april because of the cdc and the state department put out the warning, it was not a recommended to go to the soft part but they should not go in the northport auto.

first we thought we would leave out venice and stay in the south but people did not want to go so we canceled march and april, that is about 1000 people -- 1500 people. liz: how many tours in march and april. >> that's about five a week, you can do the math 40 tours. liz: you are allowing people to cancel and postpone to another point on the calendar, are people doing that. >> most people are very understanding, they want to go, this is on the bucket list, everybody wants to go to italy, most people are postponing to the fall or postponing until next year. so what are we doing in may, that's a question that everyone wants to know. the nature of tours is there are dozens of interlocking services, hotel reservations, pickups, restaurants, museums to at two tickets that have to be reserved, so there's penalties when you cancel and when you get closer to the part at your

departure date penalties get higher. so instead of sweating this out, we are making them cancel free of charge 30 days before. for me they could cancel april 1. liz: that is very generous and i think you are smart. you will hold onto those customers in the future. let's talk about northern italy, the bombarding region it was about three fridays ago, "the claman countdown" was among the first of all network television programs to point this out but three people had come down with symptoms, is spread so quickly. i noticed you had a tour led for april, is that cancel? is joe piscopo? >> we still have 31 people to go on the trip they love joe when i love joe. liz: has he said anything? >> we are going to decide monday at noon and we will probably

cancel it. liz: it looked like so much fun. i was really kind of interested but as soon as i saw that i thought we had to get you in here. the crew enter cruise shi cruis. you now have the administration may try to urge american travelers to stay away from cruises for the moment because they just appear to have these waves of coronavirus. >> it feels like a petri dish. the same with air travel, people are concerned, that's the worst air travel, people are concerned about going anywhere and flying to the cruise ship. so we are not in the crews business but extreme measures in the beginning is the best way to go instead of majors later. this is what italy is trying to do try to be very extreme, anyone going to test any time, free of charge and they're trying to bring the numbers down but you just reported the

numbers went up by 50 today. so we are hoping -- there are good test case, if they can get under control so can us. liz: here is the website, this was the joe piscopo 2022 are right here and here's joe and i'm sure he absolutely loved it, has he done this before? >> last fall we had 100 people and he sing better than frank sinatra. joe is a bundle of joy. liz: probably cancel this year. >> i think so. liz: hang in there, this shall pass as larry kudlow has said. stephen perillo of tra. the properties out there, volvo lines everybody demanded costco's products, what is the problem, we will tell you when

"the claman countdown" comes back. the dow is down 588 points. ♪ what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives.

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liz: this is interesting costco's sales, same-store sales are climbing 12% in february as demand for grocery items and cleaning products have propers far and wide diving into the stores. the virus rush not all good news, the wholesalers say in the daily deliveries are not enough to keep up with the surging demand and has been forced to place limits on certain items to keep the store shelves from be wiped out completely. the stock down 2.7% at $306.13. a little profit-taking at this hour. it is important to close out the

week with more than 8% in gains for costco so it's not all a bad picture. we talked about it but i don't want to ignore the really strong jobs report, we have not mentioned until now, 46 minutes into the show, very strong number. >> will talk to pete on friday, it gives us a nice cushion to go into whatever it is were going into. we have that and we will see how we close out the week as it appears now off the lows and for whatever that is worth going in. we have president trump tracking the closing bell and he should be at the cdc in atlanta and we should see his movement in larry kudlow comment has a lot of attention earlier the acting economic advisor in one of our guest from the white house next hour, we will see about all the stimulus talk and everything

else that has been talking about on a friday and will see what they're saying going into the weekend. it will be an interesting show. liz: tesla elon musk is tweeting. >> i just saw that, he's not a fan of panicking about the vir virus. liz: elon musk is saying the coronavirus panic is dumb. >> short and sweet. he's not entirely wrong but it is what it is. >> that's what i keep saying, it is what it is is the dumb part, will see over time. liz: thank you very much. we will tell you what it is what it is, the dow is down 438 points, when we started the show 47 minutes ago we were down 700 plus points. now we have the closing bell ringing in 13 minutes, here's where we sit the dow was off the session of the lows, the low of the session where we were losing 894-point pbyte hundred is down 73 and has been lowered by 110 in the nasdaq down 344 points in

the nasdaq is down 230 points right now. let's put it in the aggregate for the week and see what's going on, for the week the dow can move to the green it will be up 1%. remember we had a couple of huge days. monday and wednesday were very big days for the upside. s&p will be down fractionally with the nasdaq, not all stocks seen read over coronavirus fears. they're claiming quite a win this week, i want to go back to the floor. >> the pharmacy chain is walgreens, a lot of that has to do with people stockpiling and heading over to buy the canned goods and corral spray, everything is sold out. almost up 10% for the week other two winners, i want to focus on walmart, that is a big box retailer that has a lot of people stocking up on goods, the expectation is sales will be

higher, we saw yesterday with costco earning report in the month of february they saw a huge increase in same-store sales that have been open for more than a year. if we have time to focus on oil and gas, let's bring up tabet oil and energy, their seen strength into the week, that has to do with a pullback for u.s. oil drillers in the united states, they might be pulling back, oil hit a 3.5 year low in russia not joining opec in terms of production cuts. and campbell, across-the-board boeing exposure to china, a lot of the parts and reduction in orders from airlines, oil and gas across-the-board and financial has to do with the cut in interest rates. you have weekly winners and

laggards, it's been a tough ride, campbell's announced they're going to be increasing their production because so many people have been buying canned soups because of the fear of the coronavirus. liz: let's get good news, i'm looking at the nasdaq, it is up 17% over the past 52 weeks. so it is still looking really good if you got in more than a year ago. >> perspective. liz: thank you very much. live from the floor of the new york stock exchange. i want to look at cvs the parent company is offering members the health insurer 0 co-pay coronavirus testing if they meet cdc guidelines. members who are diagnosed with a pathogen will also receive a care package with over-the-counter medication and personal and household cleaning supplies, the pharmacy giant is offering members telemedicine visits at no out-of-pocket cost for the next 90 days no matter what the reason, the share is down just a fraction and it's

really good to see corporate america stepping up. and we should take a look at telemedicine leader up 1% right now up 1.6% extending year-to-date gains of 64th% at this hour as patients look to avoid doctors offices at the outbreak but get expert information and diagnosis. i do want to call on audible, citibank at the moment, citibank is another corporation that is down 2% but well off the lows, offering individuals and small business companies and customers impacted by the coronavirus all kinds of fee waivers for the customers, they will be eligible for fee waivers on a monthly basis. if you are thinking about worries regarding liquidity or weather will start to see failures and certain lending situations at least for now

citibank will assist both business and personal. in the wake of miami canceling the ultra music festival, that happened yesterday in the latin food festival, let's take a look at live nation, the shares are falling to a one-year low over the coronavirus. they continue to threaten live events and entertainment festivals. right now live nation is down for an half percent, down to $53 even. there is one big question still hovering over a lot of companies heads sxsw, the big media and entertainment festival and ask austin, texas, it is still on, tour traders, markets are on special lows, the dow down fewer than 300 points, how about that. >> it's a little bit like we saw last friday may be without the real vigor, there were were some expirations to add to the volume

but there's a sign that some of the extreme excess are starting to be corrected in the market. i know christina mentioned the food stocks but i was looking at kroger and clorox, clearly in clorox there was a buying transient for the product in the stock it had gotten up to a 27 pe which is a little excessive for a company that makes basic cleaning products and kluger had rallied 5% over the last five days per day are well off their highs today clorox is a down five or six points in the other one down $1.5. there's too much of a mania into much panic into the stocks during the last four or five days. liz: we asked this very question at the very top of the show, will we start to see tobias the bottom investors sweep in and it

kinda looks like we are but is this because the government we know whether the federal reserve or the administration will sweep in even as we aren't that far off, 12 - 14% of s&p from the recent highs were in the crisis of 2008 we were down 2240% depending on the index when the government started to come in, did we move too early? >> that's an argument you could talk about forever, at the end of the day the market has digested that and rather than fret about it today looks like a victory of your bowl. we were just at ten minutes ago from retesting the low of the move. it helped, we will see where we are sending night but five minutes left to go, we could end

up unchanged because were moving around and percentage points, 1 - 2 percentage points, all in all it looks like the market has come down. sunday night will be game on again and will see if there will be more risk or more risk off. liz: i agree, give me your gain from monday. we have four minutes left to trade. >> i have been buying cheap calls weekly short-term because i don't know what's going to happen on monday and i know it'll be big. that's the way i'm looking at it. i'm seeing right now, we look at the board and see all the buy order surging in, where were you guys an hour ago. it has to be the elon musk tweet. that's only thing i can see. the change of mood. [laughter] we talked about this in the beginning of the show, i've never seen anything, it's ridiculous, we don't understand it. liz: now were at .79.

>> we know it's crazy, the question is when does a crazy stop. that's what we do not know. it looks like the craziness is calming down, still with oil, it is not crazy, we know very clearly because opec cut not happening, there is a risk that saudi arabia production it will take. liz: let's take it to the air force base where president trump has landed, it's a snowy scene were watching at the moment, he landed in georgia and about to take a tour for the center of disease control and prevention in atlanta as the coronavirus break ou ramps up. he told reporters today he was not going to make the trip. he scrapped it because of a suspected case of the virus at the cdc itself but then he turned around because the case turned out to be negative and he said the last minute he would go. he shaking hands with dignitaries at the air force

base, he will arrive at the cdc within the next hour. i do want to check they're down, down 224-point, you have to remember that this country is the best in the world when it comes to healthcare, best in the world when it comes to doctors and scientists. they are on it and working on it, hard to see when the dow is down 900 points and a thousand points on any given day but as we watch interest rates continue to stay pretty low at record lows, refi's are on the rise, we talked about this yesterday, the refinance index is up 26% from last week, that's a big jump but year-over-year it is up 224%, this is according to the mortgage bankers association who tracks these kinds of things in today's countdown closer says he is fully on board the real estate gravy train we welcome

president randy anderson, you are not worried at all that any loans will start to fail or falter? >> let's talk about good news with the market rallying, this is also good news, the economy is made up of consumer, 70% of consumption, one of the largest is the monthly mortgage loan, to be able to refinance will give you some are casual and offset some of the problems we are seeing globally because of the lack of consumption that is happening with the virus concern. liz: commercial real estate, they are locked in for both deals, did he like that space? what i like is a certain space, i like multifamily, i like triple net where you have longer term contract where their very defensive and demographic and not gdp driven, you have to worry about them all closing because of the virus and worry more about companies -- were

struggling at the gdp in office were little constructive on, multifamily we really love and we think real estate plays when you have 30% of equity in looks pretty attractive. liz: coming up on one minute and the final of the whole week, what iraq 'n' roll week it has been. look at this, we have now turned positive for the week for the dow, nasdaq and s&p 500 as well. it's a real comeback for the market, did we see peak volatility today? i know i'm asking you to make a big judgment what do you think. >> i think a lot of things will settle down and will see a lot of positives in the market and were fiscal stimulus, we will not see a vaccine but ways to treat it, we will see spikes and those will create volatility in a panic but we do have the best in the economy, we came into this in strong shape and it was going to be a better year than the previous year, the best doctors working on it and i look things to improve and be

patient. melissapatient. >> we began asking, what we see buying at the bottom at the final hour of trade and we did, although the major industries closed in the red, they look to close in the green for the week. connell: it is the end of a crazy week on wall street, stocks carrying losses in the final minutes, all three of the major averages are down, they have been way off the lows from the session. >> we will take it as a win, almost like last friday if you remember that, the dow is down 894 and down by 250. and we take a look at the volatile week that we saw, up and down and all over the place monday and tuesday. we are alternating, we sold up today but n