dagen: you have to have the house democrats work on that. things are going to slow considerably. >> this data too. >> have a great day. varney and company now. stuart: later today, a package of measures to make those businesses and individuals by the virus. sidelined hourly workers, cutting social security or medicare contributions, the president wants to help those who have been hurt through no fault of their own. stimulates, helping the market, dramatic drop monday, tuesday morning we are retracing some of the lost ground. that will be up 800, down 2000, back 800 at the bell.

287 points. tracing half of yesterday's loss. the oil price crash is a problem yesterday, still his. bankruptcies and layoffs are a near certainty in the oil patch, drillers can to make money, can't service their debt with oil in the $30 barrel range. russia wants to meet with opec soon, to see if the price war can be resolved. oil is back to $34 a barrel as we speak. the anxiety indicator, the 10 year treasury yields 0.6% almost double what it yielded at the low yesterday which was 0.31%. big day in politics, primaries in 6 states. i'm calling it bernie's last stand. he needs to win big especially in michigan. he is way behind biden in two

recent polls. that would be good news for investors, the threat of a socialist in the white house receives but it is not good for the democrats. their split is obvious and toxic. "varney and company" is about to begin. >> we are going to take care of and have been taking care of the american public and the american economy, meeting with house republicans, mitch mcconnell and everybody and discussing a possible payroll tax cuts, substantial relief. a big number. stuart: the president wants a stimulus package. james freeman, some republicans don't want more spending, don't

throw money at it. i want to help those people who have been hurt through no fault of their own but what says the wall street journal? >> a lot of investors are in your camp treating this as good news. i think the government response first of all removing any barriers, legal or regulatory to the development and distribution of vaccines and treatments is number one but also figuring out ways not to harm the economy. we are seeing lockdowns around the world and they can be effective but have a huge cost. you've seen it in china where they run the experiment in italy shutting down the economy has real costs, being broke and unemployed is not healthy either. the white house has in mind the toll. >> it is essentially a natural disaster.

there is no fault in hourly workers who have to stay at home and not get the paycheck. it's not their fault. it is the government's role to help at a time like this. >> i always like government restraint. if there is a policy that restricts certain people from making a living, there is going to be sympathy. whether it is a state or federal government, is locking down or restricting certain activities those people are in a tough spot. stuart: we have news on the virus, china's president, xi jinping, visited wuhan. >> a find the conditions have improved so much they are allowing their chinese president to visit the locked down city. a week ago the city of 11 million virtually closed, shut its borders, the fact that chinese president xi jinping made an unannounced stop and visit very good time. china reported 19 new

coronavirus cases, the smallest amount since the outbreak began, 75% recovery rate as well. the other side of this for the us, a few months down the road this is what the us will look like in recovery mode. stuart: their supply chain may be approaching normal which is good news. we are a ways away from it. >> a lot of companies like fox come, up to normal seasonal production. and and the step of quarantining. >> it was the whole part. >> >> trains and rails, airlines and there are concerns that visitors returning from italy to the us are not properly

screened. stuart: the whole country is locked down on that. donald trump was not tested this by shaking hands and flying on air force one with the congressman exposed to the virus. ashley: exposed to the virus but hasn't been tested positive. the president had no prolonged close contact with a confirmed patient nor does he have any symptoms. the president's physician keeping a close eye on him but, quote, he is in great condition. the two lawmakers in question, doug collins from georgia and matt gates from florida are in self quarantine because they had exposure to the person at the cpac convention and the president had contact with them last friday and yesterday. no symptoms being exhibited by the president and those lawmakers have not tested positive.

who met who when is one of those -- a chain reaction but the president is feeling great. stuart: he will keep calm and carry on. back to your money. market watcher scott martin joins us. >> speaking of calm. stuart: the stimulus package, rate cuts by the fed very probable. are we going to get through this? >> we better. otherwise we don't have an alternative. to your point what is interesting to me is it is becoming the norm. unfortunately i think market participants, investors are getting used to this movement in the market. it will last a little longer than previous corrections because as you were highlighting we have a lot of unknowns when it comes to the virus and oil fallout too.

stuart: we don't know the force result of the oil. i will colletta crash because it was because you now have bankruptcies probable in the oil patch and a lot of people can't service their debt. they are going out of business and that will ripple through the economy. >> healed in the high yield market blue out yesterday. if some but he wanted to buy the loaner spread it was wider than you could see. that tells you there's not a lot of activity in the area because of that. stuart: just getting this in my ear, donald trump did call, spoke on the phone with the leader of saudi arabia. the saudi's creating this flood of oil. i wonder if the president said knock it off. >> might have said the magic word because they did and that is the answer to the question who would blink first. the positioning of that was

curious, coronavirus fears in the united states, market turning over and the great shale boom in the united states, russia tries to lay the hammer down on us. stuart: almost a conspiracy theory but not. >> vladimir putin was friend for a wild but after the sanctions he is not coming over for dinner. stuart: stick with bounce, up 750 and bring you back when the market opens. more from dick's sporting goods. they are removing guns from hundreds of stores. ashley: this came out in the fourth quarter report, basically they are going to remove the hunting department which is part of the exporting if you have been into this was they will remove the hunting department from one 440 dick's sporting goods stores. the restructuring charges end the process in 2019, close to $50 million. this was a big move from a

company that is synonymous with that department, the hunting and sporting department. stuart: i associate with that product and investors seem to like it. part of a general uptrend after the selloff. it is up 10% on the stock. let's get to politics. michigan voters head to the polls, this is bernie's last stand. he is way behind biden. back to james freeman, bernie sanders is desperate for a win and don't think he gets it. >> let's hope not. it would be nice if democratic voters can rule out marxism. that would be positive for markets. if we knew this fall we were not having a referendum on the

free economy in deciding which way to go. as we discussed the biden platform is well to the left of what hillary clinton ran on in 2016 but bernie is in a universe of his own. it would be nice for markets in the country to rule out bernie, hillary clinton forecast with a big polling lead in michigan, bernie sanders shocked her with a close win. you now have polls saying bernie is way behind. i think that is probably the way it goes but who knows how this virus plays? we believe biden voters on the absentee count, virus concerns are keeping people away from polls maybe that helps biden but on the other hand biden's crowded in the vulnerable population versus the young sanders crowd. stuart: more on this later but a news service reporting joe biden lining up the future cabinet which would include

john carrie, control of -- susan rice, national security adviser. >> john carrie in 2004 people measuring the drapes for carrie cabinet jobs in those early exit polls came out didn't work out for him. biden -- stuart: biden wants the obama vote. check futures please. we have southwest by southwest, south by southwest, the event has been canceled. next case, the coachella news it festival. i used to live in california. professional sports teams restricting media access to the locker room.

some leagues considering banning fans altogether. bernie sanders, at the townhall last night, bailing out, quote, crooks on wall street. who is the crook? we will tell you about it later. donald trump will lay out the stimulus package, not all republicans are on board. that might be a problem with the republicans, the are in see chair tackle that next. meet jim. for jim, comfort is king. which is why when it comes to his dentures

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...simple, easy, awesome. [ barking ] >> i'm not going to vote. for a bunch of bail out. to be voting for bailout. i have to be convinced. i'm willing to listen. >> money thrown out for stimulating spending without a strategy.

>> i don't think that is warranted. the real economy. the jobs report that came out. that is what is happening in the real world. stuart: as you heard, republicans not all on board with the president's opposed stimulus package. rhonda mcdaniel, rnc chair. what do you say? >> the president is right on target saying we will help those affected by this virus through no fault of their own like you said, treating it like a natural disaster. there is another element which is incentivize people to stay home if they are sick. a lot of people live paycheck to paycheck feel they have to go to work. making sure they have extra money when they do become sick or symptomatically they do stay home and don't force themselves to go to work because they are so afraid of what will happen financially. stuart: there is a danger with this paid sick leave if that becomes another entitlement

program, a permanent sick leave deal that is an entitlement. i don't think the republicans want that. i don't think donald trump wants that. >> no one is looking for an entitlement to pop up. it would be micro, targeted, specific to this instance with like you set a natural disaster, taking care of those who are adversely impacted by something they have no control over. the president is right to take the lead on this. we don't want people going to work they are sick, saying i have to go, can't afford to be sick, putting themselves in a work environment with this community spread. this is a public health issue. stuart: you were the michigan gop chair in 2016. >> i was. stuart: it is the michigan primary today for the democrats. i have been saying it is bernie's last stand. i'm sure you agree with me. >> i was in michigan in 2016 with chris matthews of all people and bernie sanders beat hillary clinton.

he was not very happy. bernie is very popular in michigan but the establishment, the governor, many of the congressional leaders have gotten behind biden. they recognize this is a state they have to win. stuart: it seems joe biden wants the obama vote the taxi us has a story he is creating his cabinet. john carrie, the climate change guy. elizabeth warren in the treasury. susan rice as national security adviser. give me 20 seconds on how you feel about that. >> biden is running on the past. he wants to go to the obama biden era where wages were stagnant, we were losing jobs, and our country wasn't doing well and donald trump is running on the momentum of more jobs, higher wages and keeping america great. stuart: thanks for being with us, love to be with you with

those michigan results. thank you for joining us. bernie sanders, slams joe biden at the fox townhall. >> one of the differences between joe biden and myself is joe bailed out the crook on wall street who nearly destroyed our economy. stuart: the crooks on wall street. >> i knew it would come back, bernie forgot something, bernie knows where he is most of the time, joe biden forgets where he is with the gaffes and the memory loss. bernie has to do it this way. he is very left but is becoming less and less relevant in this election. he has to come with those haymakers and say this is against wall street. given what is going on on wall street he can push that narrative.

stuart: i object to people being called crooks like that. if you confiscate wealth to me that is thievery. >> you want confiscated wealth, elizabeth warren and the treasury. stuart: in the market shortly. olive garden, red lobster, they announced sick leave, paid sick leave for hourly workers and that is up 5%. southwest airlines, the chief, ceo, will take a 10% pay cut, the airline has a downturn because of the virus. the popular coachella music festival may be postponed soon. i know what it is. >> don't think you know what it it is. millennials around the world flock to california in the middle of april to see all the acts on stage including if you can name some of them

courageous against the machine, etc. but instead of being staged this year with 150 they are moving to multiple sources to october 9th and sixteenth, 250,000 visitors for this two weekends. elon musk has to way into the saying it should postpone itself until it stops sucking. stuart: okay. ashley: doesn't like it. stuart: put your coffee down. sxsw canceled it but that is huge. ashley: it is a collaboration, film debuts, interactive media compasses, in the austin area, and the sxsw company is laid

off 60 workers, full-time workers, they have no insurance, terrorism industry, property destruction, the weather. bacterial infection, viruses and pandemics are not covered. stuart: nepali, no fans. stuart: most don't want to use you. 800 points for the dow industrials, we were down 200 yesterday. back in a moment. you wouldn't accept an incomplete job from anyone else. so why accept it from your allergy pills? flonase relieves your worst symptoms which most pills don't. get all-in-one allergy relief for 24 hours, with flonase.

stuart: incoming a tweet from the president. going to be a bad day for crazy bernie. hope you are watching the show. big banks like jpmorgan chase, goldman, citi, bank of america. they discuss the economic impact of the coronavirus. on your screens, the big banks right now coming back a little bit. ashley: i don't know. questions about their exposure

to other parts of the economy. the big banks have bigger exposure that would hurt their stock. ashley: they are talking about a rolling credit crunch, the oil-related companies have a problem with sharp decline in the price of oil, can't get the credit crunch. >> mueller interest rates, smaller margins, proxy to us growth. >> coronavirus closing a global impact on all the banks. ashley: there you go. stuart: all around the block, the bank's demise. they are coming back today -- ashley: the extended their losses, big bank executives will be a white house tomorrow afternoon to talk about different scenarios. stuart: 30 seconds to go. i wouldn't say coming back,

coming off of a 2000 point drop for the dow yesterday. it was a 7% decline across the board for the major indicators. futures indicator bounce today and we will find out in 10 seconds how much of a bounce we get. there is the bill. in one second, it is 9:30, we are up and running, let's see the green. we will see a lot of green on the left-hand side of the screen we generally going we are up 800 points. we have come back in percentage terms about half of a comeback from the decline yesterday. the s&p bearing in mind the dow is up 3%, the s&p is up 3 and a quarter and the nasdaq, are the techies doing well? pretty good, 3.6% on the nasdaq composite. let's go through badly hit stock areas yesterday. the oil majors, exxon, chevron,

bp back up again, exxon doing okay, 9% jump, pretty good bounce. >> a 2004 lows yesterday. it was pretty bad. >> look at the airlines, don't know if they are coming back or not and if not by how much but look at that. they are down, really clobbered, minor-league bounce compared to where they were a couple weeks ago. ashley: energy at the top followed by financials. how about the cruise lines. will they come back? he asks. royal caribbean, carnival, and norwegian are coming back nicely in percentage terms but carnival still $23 a share. check hotels, they have been hurt, they are all in the green, modest bounce back but big tech already started a comeback to some degree. we have apple back to 278, amazon is up 56, facebook up

nearly 5, 174. financials, they are leading as a group, coming back, jpmorgan, morgan stanley on the upside. china stocks, looking at the ali babas of this world are nicely higher. as susan reported earlier, china is making an impression. >> 19 cases reported which the lowest of the epidemic started, and he made an unexpected visit. >> and tell me what you are buying. >> yesterday we buy just the index, the s&p 500 because it had such a major correction in the amount of time. i'm not saying yesterday was a bottom. it was about 14% or 15% closer

than where we were a few weeks ago. there are opportunities out there. stuart: you bought that one but you bought it as a trade -- you are not going to sell it today. >> no. this is a longer-term hold, just about 20% correction from the 339 high, 272, when i believe in what is going on in the economy i want to buy that every single time. >> we are at 900 points, a 2000 point plunge was below. better than that. >> there's a shot of that. in december we retraced december of 18, a 19.7 or 19.8 correction. there's a lot of concern, market rallied hitting new highs, the administration focusing on the market, on the economy, willing to help so

there's a strong likelihood but whether it is or isn't, great opportunities for people, jpmorgan went from 140. stuart: ashley is kept go. ashley: no one knows where we go from here but there will be a slew of new cases and whether they put another wave of fear into the market that could be the final leg but we don't know. headlines will have a medic impact. >> stock markets trading like a recession is imminent. i haven't seen one quarter of the gross yet. don't forget 100% affect the federal reserve to cut interest rates by 3 quarters of one%. stuart: a market is pricing recession. >> the market is pointing at an epidemic with coronavirus, it is down 20%. it gets really bad. what if it doesn't?

what if china recovers in a couple months? a lot more upside. stuart: work from home stocks. slack, zoom. >> activision blizzard got an upgrade from oppenheimer. probably the best stay-at-home stock to buy. ashley: there is not work going on. stuart: nobody mentions the liquor stocks. and have it delivered. i am being ridiculed here. ashley: to drink stocks. stuart: stay at home stock. the dow, s&p, updating them all.

across the board. the disinfectant stock, and do you know what that is? beto -- the ultimate germ killer. tongue-tied here. they are unchanged. johnson and johnson up as well. screaming start, stay at home, netflix is up, amazon is up, trade sensitive stocks with china coming back, caterpillar, boeing. >> boeing hit a 2 and a half year low. it was supposed to be a 3-year low. stuart: i only lost $100 per share. >> what about microsoft? stuart: microsoft, okay. what have you got?

>> i love microsoft. stuart: if i had spare cash i lost it on boeing. what about the chipmakers? >> they were caught up in the us china trade war and when stocks fall and technology goes down it takes the chipmakers and suppliers along with it. apple have a lot of impact. stuart: we are up 800 points, a nice solid bounce after yesterday. the package of stimulus measures -- >> definitely doesn't hurt. if you stimulate the economy and help small businesses, if you help people have confidence, that is what the president is trying to do. get people out spending, feeling good. >> 10 years, 6.5%, the 30 year.

>> check the high yield dividend paying stocks, and being confident investors are and at&ts and exxon mobil had a good dividend as well. stuart: i am looking to see if we can come out on the far side. a strong economy, the federal reserve, the market is pricing in a 50 basis point cut, we have the president's stimulus package. i wonder if we are beginning to see the other side. ashley: we will see the damage that has been done when we get the earnings reports because united expects to incur a loss.

and because of the uncertainty, the 2020 guidance. stuart: the calls on these evens. ashley: it is so uncertain. >> if you take how it played in china, if you take that and apply it to the united states the market is oversold. if you look at the damage in china, the epicenter, if that is what happens in the united states and we container the same way china did this market is oversold, the economy will not go into recession. stuart: do you think there is any upside today and tomorrow morning if i am right and bernie sanders is beaten badly and it looks like joe biden - is that a plus for the market? >> on the floor of the stock exchange, anytime you see an advantage for bernie sanders or elizabeth warren, there is a

knee-jerk reaction, threatened to break up the banks and technology plays impacting bond. stuart: i was skeptical about that, the chances of a bernie sanders pregnancy so remote, i don't see america voting a socialist into the oval office. ashley: a contender on the democrat side, markets going higher on the belief he could beat donald trump. stuart: we are getting fairly close to the 24/six. china stocks, ali baba bouncing nicely. do we have the retailers, china is getting back with factories reopening of the supply chain coming back. walmart up again, nordstrom up, coles is up, nice percentage -

>> ali baba announced they will return to pre-coronavirus levels. up pre-corona virus outbreak, they are buying against staffing levels and this is on the other side of the corona virus and is can all be contained in a few weeks time if china can do it in six weeks. stuart: that is a plus for investors. if ali baba can get back almost to normal deliveries, that is a plus. that is your theme. >> if we can them you late their playbook we are way oversold. >> casino stocks. it is reopened. >> our tourists flooding in? know. we see an 80% drop in gaming revenue. it depends whether it is deep in fact.

>> can we move to hotel stocks, we are looking at groups of stocks, groups of companies which were badly hit over the last few weeks bouncing back a little. hyatt, hilton, marriott on the upside. i've got to see those cruise lines again. i can't imagine an industry that has been as badly hit as the cruise lines, talk about the bed pr problem. they are described as floating petri dishes and that is not a nice thing. ashley: how long does the perception go on even after the corona virus? stuart: is in the president talking about looking at that industry as deserving of health? >> taxi ferments for the travel industry. the airlines and cruise lines as well, they don't have a high penetration rate, only 20% have been on a cruise but the return rate is 70% but after this you imagine the return rates might

not be as high because who wants to be quarantines. >> we 20% of the population has ever been on a cruise. stuart: i have. i have. once. maybe 20 odd years ago. >> royal caribbean war and it will not look great, hurricane dorian, what they set up coronavirus outbreak. stuart: a lot of drugs we buy, that we americans rely on are made in china. grady trimble in chicago, the virus affecting the drug supplies. >> the fbi says is a shortage of one drug as a result of the coronavirus because it sources the main ingredient from china but the fda is monitoring 20 other drugs, drugmakers make

the entire drug there. all of those are noncritical although they are not saying which drugs they are. china is one of the top exporters of drugs, everything from antibiotics to vitamins to generics, coronavirus has supply chain issues in terms of solutions. the council on foreign affairs says in a short-term us drugmakers should scale up active ingredient in the united states and in the long-term they should rethink the supply chains and diverse a 5 them for countries like china. stuart: they should do that. diversify the supply chain. thanks very much. the virus, we have gerald stanch with us. are you there? come on in please. that means the supply chain has been restored.

is that what you are seeing? is that good for retailers? >> with a small number of exceptions, the only source of supply, the supply side issue, it has been largely overblown. that was never the big risk. as we discussed in the past, one way or the other china will get those people back to work. she has visited the billy of the beast. the real issue is demand. that is long-lasting or could affect the economy. watch how that goes. do we see a fear of going out. are people afraid to shop in the malls? don't see the large numbers but if that were to ramp-up i think you have demand side issue and that is where donald trump is focused on the right side of the equation. stuart: the social distancing, the unwillingness to go out and meet and shop and travel and the rest of it. we don't know how bad that is

going to get. if we look at italy, china or south korea then demand is seriously depressed but you are assuming we don't get to that point. >> we don't know. people have to go out and get the things they need and if there is a strong correlation between retailers who sell the things we need versus those that are winning. if we look at walmart, target, costco, they were not down yesterday, some of these retailers because that is where you have to go to get your food, hand sanitizer, soap, products you need to live every day. going to the mall and buying apparel, to the department store is very discretionary, that part of retail was already suffering. this could under some conditions accelerate that shift from losers to winners. stuart: mike murphy is with us. what do you make of the suppression of demand because of social distancing?

>> what will be interesting is what happens on the other side of this. when people realize they don't need to go out for a lot of things. walmart and target will deliver to your door, same day in some cases. we get target delivered the same day. what does the country look like? what to the retail landscape look like on the other side of this if people realize i don't need to interact with somebody in a store or a mall. i can have what i want delivered to me whenever i want. does that speed up the entire shift to direct consumer on demand shopping? stuart: we don't know how much the press demand now will come back later, delay purchasing. a surge in demand, we don't know that but do you think it is going to happen? >> it depends how quickly the situation resolves itself. if it starts to subside the way they have in china then it is a short-term blip. if it takes longer we may see

permanent changes in consumer behavior especially as we just discussed. as internet consumption is something you can do from home without taking any risk. you may love it and do more of it. it was already going. more than brick and mortar retailing. it is something that keeps nudging the trends will that were already occurring. stuart: fair point. i might get into the delivery business myself. appreciate it. i will put something on your screens, a fake tweet that appears to show donald trump saying any president who lets the dow jones for more than 1000 points should be shot out of a very big cannon. it is fake, fake, fake, but that didn't stop mainstream media from believing it and sharing it too. oil trading nero four year low after a price war between

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[ fast-paced drumming ]

it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. stuart: i will call this a modest bounce. we are up 600 on the dow. 24,458.

quick look at oil committees down two, back up to $33.50, hit a low yesterday after a price war broke out between russia and saudi arabia. kelly armstrong from the great oil state of north dakota. good to see you. the saudis are trying to break you forers, they are driving the price down to $33 a barrel. are they going to break you? >> some of us. north american shale companies have proven markets and saudis wrong before. in 2014 they tried this again. hopefully we can survive it because america is better for it. things are different right now. in 2014 when they tried this we had had many years of high prices and as capital gets more strained and infrastructure

gets expensive and we haven't been in a very robust oil economy for any extended time. i'm really concerned when they put 12.9 billion barrels a day on the market at a 20% discount it is a difficult thing to deal with. stuart: you don't make a profit. i saw some figures that american drillers and fracking, 6 out of 10 need oil price between $50, $60, to make a profit. i'm guessing in north dakota you can't make a profit at $33 a barrel. >> that is true. infrastructure is expensive. in north dakota it is natural gas infrastructure. company finances are strained, creditors are nervous and rightfully so. stuart: sorry to interrupt. donald trump did call mbs saudi's leader. don't know what was part of that phone conversation but i bet you would like our president get on the phone and say knock it off. you are killing our guy. you would like him to say that.

>> sale producers have protected the global economy for a decade. you don't have a mechanism in place to protect -- oil prices. >> saudi arabia is supposed to be our ally. the president has some leverage. >> i would hope so. stuart: it could be the russians are at it. they would like to breakthrough america too. >> absolutely. the saudis and russians couldn't come to an agreement, i don't know what russia's long-term, once the saudis got through that, they see depressed demand and doing what they could in 2014 going after market share. it is more aggressive this time and companies are in the same plan to register the store. stuart: we think of you fracking guys as heroes in america and hope you come back strong on the other side of this thing.

thanks for joining us. some international sporting events postponed because of the virus. professional these might be forced to ban bands. athletes are not happy about that but it might happen. joe biden's aids going all out to stop the gaffe machine. they want shorter speeches from joe and no more gaps, that is their way of cutting down on it. bernie sanders faces a critical moment. he has to win the primary in michigan and is likely to lose into my opinion that would be a good thing, next. y favorite shs right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... . . copd makes it hard to breathe

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stuart: we are a half hour into the trading session. i will call that a modest bounce, up what, 700 odd points in a half hour, responding to yesterday's 2,000 point drop. look at the 10-year treasury yield. that is the anxiety indicater to. the yield is .63%. by the way that is exactly double the low of yesterday. talk about volatility. we also have president trump setting his advisors, top economics guys to capitol hill today. they're talking about a stimulus package. we'll try to detail that for you. it's a big story. and now this. bernie sanders is determined not to let a good crisis go to waste. watch this as he bashes wall street for the 2018 crash. -- 2008. >> one of the differences i

might say between joe biden and myself that joe bailed out the crooks on wall street who nearly destroyed our economy 12 years ago. stuart: oh dear, oh dear. crooks? i fire back at that one. he wants to confiscate wealth. i find that theft, bernie. where does he criticize success? he is worth $3 million. owns three houses, does that make him a crook? he is wealthy. did he steal it? not a authoritarian communist like soviets and cuba. really? didn't stop him from lavishing praise. he says he is a like a socialist of denmark, finland, sweden. does he know that they are cutting back the welfare states because they're not sustainable? he should. socialist bernie faces a critical moment. he has to win the primary in michigan and he is likely to lose. the latest monmouth poll gives

joe biden, 15 point lead, a 1-36. associated press give biden a 24 point lead. 54-27. that is a dieden blowout. what went wrong for bernie? several things. his policies don't stand up to the light of day. massive tax increases and a lunatic "green new deal" are recipe for recession, if not a depression. second the establishment ganged up on him. they don't want him leading the party into the election. he won't call it quits though but i think he is done. republicans, investors should be cheering this. bernie has split the party and left the democrats with a gaffe-prone, unfocused 77-year-old who so far failed to generate much enthusiasm. will all the other concerns we have, with them all, it is nice to know we really don't have to worry about a socialist if the white house. mr. trump just tweeting. our pathetic, slow-moving federal reserve headed by jay

powell who raised rates too fast and lowered too late should get our fed rate down to the levels of our competitor nations. they now have as much as a two point advantage with even bigger currency help also stimulate. the dow is up 750 points. got that. back to my take, my opinion piece there, bill mcgurn, "wall street journal" guy with us now. i say it is bernie's last stand and i'm happy to see him go. how about you? >> look, that poll that you mentioned is not the only one. the range seems 15-pound lead for biden to 41 points in michigan which i think would be a big blow for bernie. bernie lot of i think for two reasons. one his increasingly extreme message came across to people. as you point out he speaks kindly of fidel castro's education plans and so forth. but also biden benefited from one anti-bernie sentiment. people were afraid he would not only lose the presidency, but

make it harder for the democrats to keep the house. second in the debates leading up to super tuesday no one really went after joe biden because they thought he was already dead, right? he kind of got a free pass in those debates. when he won south carolina, there was no debate before super tuesday. there is no debate before michigan. so he has been kind of untouched in a way. stuart: the establishment ganged up against bernie because he is the last hope. >> exactly. stuart: joe biden is the last hope of the moderates. >> especially now, literally the last hope. he is the only one in the race. stuart: hold on a second. do we have a new tweet from the president? sorry to interrupt you. presidential tweet. here we go. the federal reserve must be a leader, not a very late follower which it has been. so the president giving full-court press on the fed. doesn't like what they're doing. he wants rate cuts, wants them now. adding the voice to the trend.

back to you, bill, back to politics. sanders as in bernie, held a fox news town hall in michigan. took a shot at joe biden for short speeches. watch this. >> when i give a speech, often it is 45 minutes or an hour, okay, because there are a lot of challenges the country faces and i got to talk about them. i think joe was somewhere, where was he, michigan or someplace else the other day, he spoke for seven minutes. i don't you who you say anything other than minimal discussion in seven minutes but to say that i think the american people in this incredibly complicated and difficult moment in other history are entitled to thoughtful answers to the crises we face. stuart: joe biden makes short speeches. >> right. stuart: so he is less gaffe-prone. obviously truth here, isn't it? >> it is. i give democrats one thing when they're competing for the presidency they really fight. i believe candidates if they can't stand up to the other candidates how will they stand up to our enemies in the world?

the difference with republicans is, republicans are sort of like the elks, it is bill's turn he has been here for who years. how we got john mccain and bob dole. democrats really fight to jimmy carter challenged by ted kennedy. the own one that didn't have to fight mrs. clinton, they cleared the path of serious candidates. stuart: trump had to fight. it worked. >> because he came from the outside, yes. stuart: yes. biden's not the kind of guy who can galvanize his party, i don't think? >> that will be the question. the next debate, will either give democrats a lot of angst, yes they have got rid of bernie but this is what they have got. he could make a fatal mistake. stuart: performance will have to improve. >> i think so. he tend, when you watch after he makes, you think, okay now he will say something really dumb or fall off. like watching a clown on the tightrope, you know, moving like

this but doesn't quite fall. he hasn't quite fallen off. he done a lot of -- stuart: he is wobbly. >> that is what people are worried about. it is still a long way to november. stuart: sure is. bill mcgurn. appreciate it. get back to your money, come in market watcher george seay we have a lot of kudos. george seay, last time he was on the show, it was one of those big down day. >> started up 400. finished down 800 that same day. stuart: a big down day i was pressing you, pressing you hard, george, you're getting in, aren't you, what are you buying. you consistently said no, too early, not buying. all right, george, we had a 2,000 point drop yesterday. are you buying? >> we're nibbling. take time to play out. people should be careful and methodical how they do these things. stuart: you don't see the far side of it yet, the bounce-back

for the market or economy yet? >> we'll get sharp rallies in the midst of this process t will take us two to six months to go through the whole process with the virus and war going on right now. stuart: you must have raised a lot of money, how much are you committing back into stocks? >> 10 to 15%, money i have dry powder. stuart: what have you bought. >> we'll get more aggressive as we go down. we're buying berkshire hathaway. we're buying major oil companies, royal dutch/shell, british petroleum, chevron. we are buying banks. we love the banks down here. those with iron stomach, buy cruise companies, airlines, midstream pipeline companies. for those who have a really strong stomach. like i said, you have to layer in over time. if i was to pick one stock to buy, i would pick berkshire hathaway. stuart: that is a long-term outlook. >> it is. stuart: you're not a trading kind of guy. trading today, you're not doing that. you're looking out two or three

years? >> five, six, seven years. i like buying stocks you hold for a very long time. we'll get great opportunities this year. stuart: i use this expression, this is monumental buying opportunity. >> not yet. i think we'll go down more before the monumental buying opportunity. apple is still 20 times earnings after the big selloff. that is not a bargain. stuart: does politics make a difference? if bernie loses big, doesn't have a shot of the white house. you're laughing. >> he will get crushed. stuart: you don't care? >> i do care. if he was president, that would be terrible for the stock market economy and terrible for american life. joe biden will be a lot worse than trump but wouldn't be a disaster. stuart: you're still looking for washout, the capitulation day when you go down a few thousand points? >> if you look at 2,000 yesterday, compared to 2,000 down in 1987 it was a third percentage-point move. it is a big move.

not a catastrophic move. i'm still waiting and watching, nibbling a little bit at a time. i'm taking big bites as we go down further. stuart: will you tell us when you take big bites. >> i will. stuart: alert the media when george seay takes big bites. >> i will alert the dinner bell at the bottom. stuart: feeding time. i got it. pavlovian response. george, you're all right. appreciate it. >> thank you, stuart. stuart: alibaba, we call them china's amazon. you have news on their delivery business. susan: meal delivery is back up and running precoronavirus outbreak levels. all up and running. staffing levels are back to precrisis levels. that is pretty positive. they own a delivery company which is a food delivery company in the country and a grocery chain. alibaba is down 6% on the year. insulated because of cloud

computing. stuart: jack ma, richest guy? >> 44 1/2 billion dollars. he loss from the reliant industries. oil, energy stocks got hammered yesterday. relinquishing that title. he has a lot of debt on hand. a lot of these oil companies do. that is a big concern. bezos and gates lost about five billion dollars on monday as well. this is a case of don't cry for me argentina. stuart: got it. i go back so far that i can remember the days there were only five or 10 american billionaires. it wasn't that long ago. then along came technology. it is all over. we got dozens of them. if not hundreds, hundreds of billionaires. i remember those days, george seay, you don't. here's a story. professional sports league will restrict media access to locker rooms. you're a sports reporter, you can't get in because you might spread the virus, you might carry it to the players. got to keep the players separate. soccer leagues in europe playing to empty stadiums.

how about that? it is not the same game. i will break it down with brian kilmeade later this hour. biden's aides, shorten the speeches, jo joe, you won't make some gaffs. will it work. oil coming back from yesterday's big route because after price war between saudi and russia. that is all after the break. what a day it is. ♪. the all-new silverado hd adds to the legendary capability of the strongest, most advanced silverados ever. with best in class camera technology and larger, more functional beds than any competitor.

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>> next case, what have we got here? to britain. oh, ash, am i reading this right? they're moving by government mandate to electric only cars? ashley: yeah. they will ban the sales of combustion engine vehicles by 2035. that is not that long. 15 years. that can go just like that. so british companies said almost 50% already are planning to invest in chargeable cars. and there is also, look, the cost of petrol, sorry, gas in england is what, about $6 a gallon right now. now the government will put fuel duty tax on top of that, which is expected to be announced this week in the uk's new budget. all part of just pushing people into electric cars. now many, what percentage of sales now are electric cars in the uk? what do you think? stuart: 5%? susan: 10%. ashley: 2%. so they're not exactly getting with the program, you know, you have to have all the

infrastructure in place. susan: charging stations. >> companies with large fleets of petrol and diesel vehicles are being forced with an enormous cost to, you know, dump those and buy into the electric side of things. you know, i mean -- stuart: all climate change. ashley: all about government telling you what you can do. climate change. stuart: force you to do it. you can't use your money. no. ashley: nanny state. stuart: forced into it. i'm glad we're over here. tesla, electric car company, went past a big milestone. what is it? susan: one millionth vehicle rolled off its delivery line. it has been around since 2003. they only delivered the first consumer car called the roadster, remember the roadster? it might not take 12 years for elon musk's company. stuart: that is pretty good performance. >> shanghai up and running the

past year. berlin, cut down the trees will be up to production as well. tesla, they said they will make, start delivering the new model y this year. we'll see. stuart: the stock today is up a nice gain. only at 645. susan: 900, right? when oil prices come down to you need an electric car if you're getting two bucks a gallon, do you need to go electric? stuart: no. unless the government forces you to. heaven for bid if it happens in america. oil crashed down to 29 bucks a barrel. now we're up to 33.90. i want to bring in daniel yergin. he has a big name in the oil business. welcome him on the show. daniel, great to see you again. >> stuart, good to be with you. stuart: the saudis, maybe the russians, appear to be trying to break our frackers over here and i understand president trump held a phone call with mbs in saudi arabia. i don't know what they said but

i'm guessing he said, you're our ally. knock it off. what do you think? >> i think, stuart, i think that's probably maybe not exactly in those words but probably is the message. by the way texas has a lot of electoral votes and the midwest industrial states are now very tied in to the fracking, shale revolution in terms of what they produce in terms of equipment and so forth. so, this is, it is not like the old days. now the u.s. is the world's number one oil producer. that has a lot of economic conseqences right across the country. stuart: you say oil, the price of oil face as triple whammy. explain, please. >> it is three things. first of all this all started with the virus. in the first quarter we estimate that world demand was down about almost four million barrels a day compared to last year. so you had contracting demand because of the virus. secondly you have this battle for market share that's going on. on top of that, you have the

whole sort of geopolitics colliding where the saudis and russians are coming closer together. oil is a peace sis of it. now there is a little bit of tension in the relationship. stuart: i don't, the way you explain it, it would seem like a return toe 50, 60, 70-dollar a barrel is in the very distant future. what would you say? >> not necessarily. i think, i next couple months are going to be tough because, and i think this is what the russians saw, what has happened in china, they think, others think, public authorities think, it will roll across north america. it will roll across europe. schools will be shut. people working from home. demand will be weak. at some point we get out of this, demand comes back. we see prices start to get back to a higher level but for four years we've had the saudi,

russian, opec, non-opec deal that really fell apart last friday and started this clash. it started with the saudis cutting their prices increasing production. this is kind of an oil war going on right now. i should say they have also interest in trying to talk to each other but their positions still seem to be pretty far apart. stuart: do you think we'll ever actually ban fracking in america? it is what the left wants to do in the name of climate change. do you think we'll actually do it? >> i scratch my head about it. if you do, that what will happen? we will import a lot more oil from the middle east and other places. balance of payments will be in a much worse position. so i think it is kind of -- you were talking about cars before. there are 276 million cars in the united states. is everybody supposed to throw away their car? it is really, a question of is oil produced here with the benefits that come to the overall economy or do we import it? we're in much better position

now than 10 years ago. stuart: we are. we are energy dominant and energy independent, i think it is a wonderful thing. daniel yergin, thanks for being with us. sure thing. >> thank you very much. stuart: individual stocks we look at and companies. cvs, cvs health, i should say responding to the virus outbreak. they're waving home delivery prescription fees. sounds good. ashley: it does. those at high-risk, i.e., the elderly and those with underlying health conditions are being told by the cdc and local and state governments, you're at high-risk, stay stay at home. what are they supposed to do with getting prescriptions they need. cvs says that is tough situation. we'll not charge delivery fees or anything like that so people can get their -- this is a move. they own caremark pharmacy benefits program. so they have a large number of customers. i think you will see this by more outlets doing the same thing because people are being

trapped indoors. they need their medications. that is a good thing. stuart: got it. overall market. good thing for the dow industrials. it is about a 3% gain across the board. remember, it was a 7% loss across the board yesterday. primary day in michigan, yes it is. i say it's good-bye bernie? more "varney" after this. ♪. it all starts with an invitation. to be our guest. 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. and when you open a new brokerage account, your cash is automatically invested at a great rate.

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>> nominate a democrat, a lifelong democrat. a obiden obama democrat. we cannot get reelect, we cannot win this re-election, excuse me, we can only reelect donald trump if we engage in the circular firing squad. we will increase the house, flip it, increase the senate. we're going to win back the united states senate. stuart: that is what we might call a gaffe sampler, okay. joe biden's aides are telling him, shorten the speeches, joe, you won't make so many gaffs. come on in mike huckabee. do you think that will work?

shorten the speeches, so you have list opportunity for for te gaffe? >> get a cardboard cutout play a tape of joe's older speeches where he was not so much gaffe prone but they can't find any. he was always gaffe prone. stuart: you're -- >> this is remake of film, weekend at bidens. they bring him and bernie out with ivs on gurneys and they chat for a while. let them sit on the stage. not make them stand. shorten the speeches. these people are running for president, for heavens sakes. this job requires great stamina. something president trump demonstrates he has, not being demonstrated by joe biden. stuart: not something our viewers may know for the next debate the dnc changed the rules, and you sit for the next debate. you don't stand, you sit. do you think that is the

establishment giving joe biden another leg up? >> well i think the bigger thing they have done is eliminate tulsi gabbard from it. they changed the rules so that bloomberg could get in. now they have changed the rules yet again to keep gabbard out. he would be the only person on the stage that showed some energy and they saw what she did to kamala harris. basically shredded her and ended her campaign. i don't think they want to see her do that to joe biden. they effective live shut her out. as far as them having them sit, bring a couple of la-z-boys, nice recliners, let them put their feet up. bring them some orange juice and let them sit there and have a nice chat? this is again i go back to my point, stuart. this job requires stamina. if you can't stand up for an hour or so, you probably shouldn't be running for president. stuart: okay. just hold on for a second please, governor. i have got some possible names for, a possible joe biden cabinet.

they're really surprising. >> according to "axios," point that out. what about john kerry as head of climate change? how about susan rice, who is option for state? former nsa, national security advisor to obama. stuart: secretary of state. susan: option for state. stuart: benghazi fame? susan: well, mike bloomberg, possible world bank chief. elizabeth warren treasury. stuart: wait, wait. susan: i knew that would get reaction to you. stuart: elizabeth warren, treasury secretary? susan: yes. stuart: this is what "axios" is saying is pure speculation. susan: consideration as well. jamie dimon possibly treasury, head of treasury. sally yates, attorney general. anna, vice-chair woman right now of boa for treasury. stuart: sort of cut you short but i have got to get to mike huckabee, i have to see the look on his face when we talk about elizabeth warren as treasury secretary or john kerry as climate change czar. what do what do you say?

>> is this dream team for the democrats? this is drawing a warm bad and getting razor blades, sitting down in the tub. stuart: you're terrible. you're terrible. >> no, stuart, this is really, i guess the democrats can say they truly believe in recycling. now they're going to recycle everybody that they have had in the previous administration and bring them back. but i hope they don't bring back some of the policies and some of the results of those policies that we've been working really hard to get out of. stuart: governor, i think this, if this is accurate, i think this is joe biden trying to grab some obama voters. he needs every vote he can get. if he brings back the old cabinet, maybe he thinks he will bring back votes. that is what it is all about. >> it could be but it is also a message to the establishment. hang on if biden gets in, don't worry about what he says, we'll get all the old people back together, we'll rebuild the washington establishment, and make washington the swamp again.

we'll fill it up with a bunch of alligators, snakes, and reptiles. stuart: you're on form today. new york city mayor bill de blasio encouraging elizabeth warren to endorse bernie sanders. here is the tweet. i deeply respect elizabeth warren, our nation, plus our party are better, plus more progressive because of her leadership. now our progressive movement needs her more than ever. senator, if the shoe was on the other foot bernie sanders would have endorsed you already. please join us. i guess he wants the progressive vote to come together, governor? >> obviously he does. i'm not sure how bernie benefits from having elizabeth warren who couldn't come in barely third place in her own home state but he needs all the support he can get right now because biden seems to be gathering up steam with the democrat establishment. they're rallying around him. ultimately, just ask yourself, do you think anyone, biden, or bernie, will be able to stand on

a stage with president trump in a debate? stuart: no. >> just think about that matchup and ask yourself, how do you think that turns out? stuart: it would be highly rated and i will watch. i would enjoy it. that's a fact, governor. you're in fine form today, governor. almost caustic. >> thank you. stuart: not like you. >> i try. i give it my best shot, you know, stuart but thank you very much. stuart: you do it with a smile on your face. makes all the difference, you know? >> i always have fun doing this. stuart: come back soon. thanks, governor. got it. let's stay on the 2020 race. i think it is make-or-break for bernie in michigan today. our own jeff flock is there. come on, jeff, set the scene for me. reporter: well, it just rained, cold blew in. it is nasty and senator sanders need as big turnout. so you do the math on that, i i don't know. i think he did well on the town

hall on fox news. bernie sanders acquitted himself well in the town hall. did not attack joe biden. biden was across town in new york in rally, where bernie bros showed up instead of all of his supporters his supporters were there, disrupted the whole thing, need for "green new deal," and joe must go. but you know, it looks like things are breaking for biden right now. he has got the endorsement of the governor here, the democratic governor as well as a republican mayor yesterday, stuart, in sterling heights, michigan, to the north of the city said he voted for trump last year, four years ago, but this year he is endorsing biden because we need more sanity to come to things. i don't know, after you watch some of those gaffs, i don't know, but there you go. stuart: there you go, jeff. thanks for joining us. you will be there all day. plenty of airtime. reporter: unfortunately i am. stuart: see you later.

check the market. we'll come back a bit. we were up 800. now we're up 560 after yesterday's big loss. news on dick's sporting goods removing the hunting department from, literally hundreds of stores. that's a big deal. ashley: 440 stores this year alone. this is a very interesting move because as we said earlier the huntings section of dicks sporting goods and apparel you find in that section defined sporting goods. stuart: is that a response to anti-gun movement? or is it a response to the dropping number of hunting permits that you see around america? ashley: i think a bit of both to be honest with you, but i think maybe. depend where you are in the country of course. but the fact they're making this move is quite drastic. we just found this out in latest earnings report which was pretty solid to be honest with you. they're paying a lot of money to restructure all their stores. $50 million last year alone. they can continue that this

year. their comp sales, consolidated same-store sales were up 5.3% in the fourth quarter, which was very, very good. stuart: that is a strong performance. ashley: whatever they're doing seems to be working. the stock is up two bucks. stuart: the whole country locked down because of the virus. they're are questions about numbers out of iran, another virus story. big problems over there we have it all for you coming up. plus the south by southwest music festival canceled. major job losses because of that. we have some numbers for you on the cancellation after this. ♪

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sure, principal is a fibut think of us as a "protect your family as it grows" company. a "put enough away for college" company. and a "take care of your employees" company. we're a "help you ride the ups and downs of the market" company. and when it's time to retire, we're a "we've been guiding you toward this all along" company. think of us as all these companies, and more. principal. retirement. investments. insurance. stuart: all right, back up just 500 points now for the dow after the 2,000 point loss yesterday. so not quite such a bounce at this moment in time. next one, the price of oil,

please. i think it is $33 a barrel right now. it crashed yesterday. came back only to 33. walid phares is with us. walid, the saudis are supposed to be our allies and they're boosting production, which is killing our frackers. i thought mbs was our ally? what's going on here? >> that is a big question. i think mbs a reformer for his own country. they of course look at their own economy but there was a phone call between the president and mbs i guess they have negotiated or discussed how far should saudi arabia go in the confrontation with russia on the oil business. stuart: well, do you think the president said, hey, mbs, get that production down, please, because you're killing -- do you think he went that far? >> i think the president is very frank in his relationship with mbs. they're friend actually. they are allies and i am sure that president trump would not, not take the opportunity to talk about numbers.

these are the numbers we want to see it happening. of course mbs would have to answer and explain why he is taking those actions but i think that matter will be settled between the two countries. stuart: we do have leverage after all. he needs us perhaps a little more than we need him and that's a fact. let's get to the virus and iran. you and i talked often about the dire consequences for the spread of the virus within iran. i have not gotten many reports out of there in the last few days but i take it it is still a serious problem for them, which could, you and i talked about this, could mean regime change. can you give me an update? >> it could. as a matter of fact, of all crises between china, iran and italy for example, other countries iran has a prospects of the worst crisis. why? because china has capacity, has medical capacity, has the cash. they poured billions, maybe more, tens of billions on that crisis. iran has a serious problem.

the regime has a serious problem but there are reasons for why they're behaving like this. number one in the beginning the first couple weeks were idealogical. this is world conspiracy. world psionism, this is america behind it. the iranian public is smart. they have social media. these were mistakes made by the iranian regime. second, iran refused international aid including american aid. we proposed to them we could help them. no, we don't want to do that. there was a reason behind that they're afraid of international aid would link up with their civil society and their civil society, they have seen it over the past month doesn't like the regime. so they are going for the interests of the regime instead of going for interests of the people. stuart: you still think there is possibility of regime change the road because of the virus? >> not as long as the virus is hitting people and people are dying and people are hiding in their homes. believe me, the assessment is, after this is over, after the coronavirus threat is over, there is going to be the mother

of all protests against that regime. stuart: wow. all right. we'll see about that. walid phares, thank you very much, sir, good to see you again. >> good to see you, thank you. stuart: next case, looks like the virus is now costing people their jobs. what is this? south by southwest canceled. susan: it is a huge austin event that 417,000 people go and visit each and every year, bringing in $350 million to austin. so because it has been canceled for the first time in 34 years, that means they have to lay off the year-round staff. a third of the 175, those jobs are gone. that is 53 jobs or so the problem because the south by southwest organizers, they don't have insurance against this type of event, bacteria, and pandemics et cetera. stuart: the big story, 400,000 people will not be going, not spending money in austin, texas. susan: think about the restaurant scene. stuart: demand suppressed but it comes back later.

no, it is canceled. it is not going to happen. i have another news item here. pearl jam, they have dropped their tour? ashley: seattle-based rock band, being in seattle they're well aware of what is going on with the coronavirus. they have decided to cancel the first leg of their tour gigaton. 17-date north american set to be begin in toronto and oakland, california. as residents of seattle we've been hit hard, witnessed first-hand how quickly the disasterous situations can escalate. they're canceling for now. stuart: susan can't resist of laughing at me. that i haven't heard of pearl jam. susan: i know you have. you may have not heard of travis scott. stuart: you're right, actually. concerts not only events affected by virus. sports leagues will keep playing but without fans in the stance. brian kilmeade coming up, what does he think about games being played with no fans?

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some people say that's ridiculous. i dress how i feel. yesterday i felt bold with boundless energy. this morning i woke up calm and unbreakable. tomorrow? who knows. age is just an illusion. how you show up for the world, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. stuart: well it is not so much of a robust bounceback now, is it? the dow industrials up 369 points. we had been up 800 about a half hour ago. that is after a 2,000 point drop. one quick item, soccer played behind closed doors in

france? ashley: both professional leagues, league one and league two, all games behind closed doors through april 15th. champions league games as well. chelsea and bayem. happening everywhere. stuart: not the same. joining us live on the radio from the "brian kilmeade show" is brian kilmeade himself. two items here. we have sports reporters in america can't get into the locker room for fear of spreading the virus to the players. the prospect of some games here being played with no fans. it is not the same game, is it? how do you feel about it? >> not, listen, i'm not sitting here being a virus expert but my feeling is, i'm walking through the city, stuart, you go through the city. we come in the morning hardly any people here. when we walk outside for lunch. it is packed. what is the difference? let's go to a game. can you imagine ncaa tournament without people? lebron james on record i will

not play if fans are not in. "jeopardy," "wheel of fortune" doing game shows without any audience. seems haphazard and ill thought out. stuart: doesn't have the same game and not the same feel. i know it is same game, the points are scored the same way, i understand all that, but without fans cheering there, even watching it on television is absolutely not the same. i can say that. soccer games in europe played with no fans, it is boring. i hate it. >> not financially, it is not financially feasible to do often. you're there for the fans. they pay the money. they make it viable. if you want to know what sports is like without fans we have great sports that don't have great audience like lacrosse. you go to lacrosse outside, outside baltimore and long island it is a much tougher sell. you are playing with the world's best players but there is just not that much fan interest. certain places in america now still with soccer totally

changes the game. by the way it is most depressing thing i could ever see in my life. to play a professional game in front of no one, gives a sense of panic to the country. stuart: greatest players? the world playing before nobody, panic. anxiety at least. brian, this one for you, some members of the media reposted this fake trump tweet yesterday. here is the quote. if the dow jones ever falls more than a thousand points single day the sitting president should be loaded into a very big cannon and shot into the sun at tremendous speed. no excuses. that is fake and media tweeted it and retweeted it. what is your take? >> joe scarborough on the morning show, they sit there, pull a hamstring, can't get to work, stuart, watch another channel. the hatred for this president is so off the charts. that is their whole show. they don't even vary from it. this pops up this fits in the format. they never thought to verify. to joe score borrow's credit he

was corrected by "the daily caller"'s peter hanson. they called it lazy. joe this is so lazy. i've been calling attention to the deficit. own your own mistake next time. to scarborough's credit, okay, i did blow it. he was doing too many things. come on. the president tweets enough, real tweets. stuart: i was one of founders of cnn way back in 1980 and i was proud of what we achieved. i can't watch it now. absolutely can't watch it. it is a propaganda machine geared entirely to trump hatred. i can't stand it. >> if they have a strong republican that pushes back hard, they will keep them off the air. stuart: never be on that network again. >> they hire a negative trump per who is republican, they think they're giving both sides of an issue. you're not. stuart: you're not. >> the ratings reflect it. i don't know how the advertisers are happy, but at some point it is anti-american. if you want respect for your

criticism point out good things when they're there. stuart: right. yes. there are good things. very good things. the economy for example. brian, we're out of time. that was fun. >> as usual, stuart, see you in the hall or the christmas party. stuart: one of the two, baby. as brian was saying that, "jeopardy" and "wheel of fortune" are now taping without a live audience. this has got to be virus. susan: they're doing this out of abundance of caution for spread of covid-19. "jeopardy" and wheel of father tune indefinitely canceling live audiences. stuart: indefinitely? susan: indefinitely. pat sajak is 73 years old. alex trebek is 79 years old, battling pan cree attic cancer. stuart: i can understand that. i thought it was no other reason. susan: you don't want a live audience. stuart: that is good. there is a good reason for that. sajak -- susan: trebek.

stuart: primary day in six states. all-out battle between sanders and biden. bernie really needs a michigan win. will his message work? next hour kennedy joins us. can't wait for that. plus the trump administration detailing a new stimulus package that will help businesses and individuals hit by the virus. what does south dakota senator mike rounds think about that? he is on the show in the next hour. i say the u.s. is better positioned than europe or china to weather this storm. that is all in my take which is coming up next. ♪.

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stuart: the fight is on to bring this economy through the virus crisis. it is clear we are better positioned to weather the storm compared to europe or china, we were going into it with a strong economy and they are definitely not. today the administration figures out how to compensate the businesses and individuals caught up in the virus mass. paid sick leave, help for hourly workers, temporary payroll taxes, the social security or medicaid deductions, all of the above on the table. it looks like it's helping the market modestly so for today, however, some senators are not happy with what they see as a

bailout package or throwing money at the problem. i disagree, this is help the people who have been hurt through no fault of their own. that is exactly what the government should be doing. the virus is like a natural disaster. we help those victims don't we, the republicans want to give the makers of the face max immunity from lawsuits. speaker pull oc is in the pocket of the lawyers and they want to make sure they keep the liability payouts going. she is putting lawyers ahead of the health of the nation. stick with it republicans, we don't need the legal industry profiting off the virus, we want to see the other side of this. i say investors like the sound of the trump's stimulus package or they did at the opening bell we went up 800-point now were up only 200 points. danielle is with us, former advisor. i thought the stimulus package was the reason for the nice

solid bounce this morning. but we lost a lot, what is the problem. >> i think a lot is technical, this is turnaround tuesday and markets tend to look for relief and they grab onto any good news that they can and that's not a bad thing. stockmarkets do not move in a linear fashion, you have been around the markets as long as i have, we know that sometimes if there is a trend setting in motion, it will not be that way the whole way down or up for that matter. stuart: a modest bounce is all we got at the moment. we have a tweet from the president, he says the federal reserve must be a leader, not a very late follower which has been, he clearly was demanding more from rate cuts now from the federal reserve, do you think he is right to do that? do think rate cuts by the fed

which a market does expect would make any difference to the market or the economy? >> i think of the fed was to hold back on the rate cut that would send markets down even more and that as we find our exposing the leverage sectors in the economy. that is problematic. i would think that the fed makers are moving beyond the discussion as to what happens after the 0 bound and how they concordant with other federal agencies to get the stimulus to the economy that's going to be needed. that is something we need to move on to because there is three quarters of a percentage point fed rate cut in the cards for the 18th of march. again were at the 0 bound and need to move onto the next discussion about how the other entities in d.c. are going to help the victims of the coronavirus. >> these rat would not be to stimulate the economy, they would be to keep the dollar from going straight up because if our rates are way above other rates

in other countries, our dollar goes up and that hurts her trade position. the president wants rates down to bring the dollar down a little bit, isn't that what it's about? >> he will get exactly what he wants because were almost at the 0 bound, the rate cut discussion at this point is mute because were at a point and a quarter and the differential in overnight trading sunday coming into monday morning the ten year benchmark treasury yield got down 2.3% so we are about indeed to get down to the low levels that the rest of the world is seen, i think again the discussion needs to move on to make sure that we maintain the economy where it is and is not dragged down by the coronavirus. we are to have 761 cases, 524 hours before in a thousand by tomorrow, what you need to do more important for investors is to lift this veil of insurgency surrounded the virus we know what it is can attack it and

move on and move forward. that is what americans do. stuart: that's when we'll see the other side of this thing. thank you for joining us as always, we always appreciate it. the stimulus package, i'm going to show you what president trump is planning to announce later today, roll the tape. >> we are going to take care of and have been taking care of the american public in the market economy. we are going to be asking tomorrow we are seeing the senate, we will be meeting with house republicans, mitch mcconnell and everybody. we will be discussing a possible payroll tax cut or relief and we will be talking about hourly wage earners getting help so they can be in a position where they will not ever miss a paycheck this is not her countries fault, this is something we were thrown into. stuart: that's a presidents thinking on the stimulus

package. however, some republicans are not on board with this. watch this. >> i am not going to vote for a bunch of bailouts. to be voting for a bailout, i have to be convinced. >> i don't want this money thrown out there for stimulus spending without some sort of strategy. >> i don't think that's warranted, the real academy luncheon economy, you remember what's happening in the real world. >> mike rounds joint does now, do you agree with the three republican colleagues? >> i actually think the president is looking ahead. i think what he is laying out is what we may have to do in the future and that means we have to have a plan in place, we don't know how deep this is going to impact the economy or the supply chains. what the president is suggesting that he's looking ahead of what we might need to do, i am open to that discussion. i like the idea that we talk

about payroll tax cuts if need needed, i like the idea of taking care of individuals that are on hourly jobs because those are the folks i get hurt and that's where the president is concerned. that's a positive message he is trying to send that he is open about i am not afraid to have a discussion. i think this is preplanning, responding and being prepared for an emergency that may occur. stuart: i'm sorry to jump in, the united states senator, i do apologize but we are jumping in to help those people who have been hurt through no fault of their own. it's like a natural disaster. they are victims, not their fault. what you do in these situations to help these people. >> that is my opinion, i think the president is saying, government does what individuals cannot do for themselves, this is not something that is not part of the principles that our country was founded on.

this is saying we will take care of the folks because of an emergency that may be worldwide, this did not start in the united states, we are forced to respond to it. that means not only do we take care of the health crisis that we see coming before us, but we also have to plan for the economic impact as well. if the president were not looking at that then he would not be doing his job. i like the idea of planning for that. i like the idea of laying on having the discussion. i like the fact that he's talking about the federal reserve and perhaps looking at additional responses as well. remember they have been increasing the rates in doing so they now have a tool available that can be used in a situation like this if they had not raise the rates in the first place, they would not have the tool available. the same way right now there's other things we make relevant in the future. the president has been really tough saying we will have good trade policies in place and perhaps in the future the president may consider making changes for expedited additional

products to come in for the supply chain problems that we might otherwise have. i think he is going in the right direction. stuart: plenty of options, let's pick the right one. i really appreciate always. more to getting to grips with the virus in the impact. meeting at the white house tomorrow, all the major ceos of the big banks are going to be there, what is all about? >> what is the response to the coronavirus, is anybody worried about their liquidity, no. this is not 2008, there's an accounting change that went on the books where they had to value alone over its lifetime. so if the market looks a little bit risky, you can see a big bank saying let's not extend that mortgage for that line of credit because of what could happen after valuing the loan over the course of a lifetime. also corporate indebtedness, when a corporate is stress, they

cut payrolls, if they're cutting a job the person that does business with the bank may not take out a loan or have access to credit. stuart: that was the best report on what they will be up to tomorrow from the bankers in the white house. you make me understand that. that is pretty cool. it's not easy to make me understand. >> believe me. stuart: i heard that. [laughter] stuart: happening this hour, vice president pence meets with the health insurance people discussing the virus in their response, united health, humana, aetna, all the big guys are going to be there in any headlines, you will have them real fast. i break there in china, that's the way i see it, president xi jinping has gone to wuhan to the epicenter if you like where the coronavirus began. >> another effort to say that china is past for peak and on

the road to recovery. an unannounced visit, he arrived by airplane. this is a city of 11 million that has been on shutdown or lockdown since late january. he met with frontline medical workers, military personnel and other government officials. they are being told in wuhan and in wh hubei province, going baco work as normal as you can, starting tomorrow. stuart: that's interesting because at the epicenter of the whole thing they have been locked on the longest. 11 million people. they're all going back to work tomorrow, i call that progress. >> that's what china wants the world to know. stuart: do we believe them. >> no. stuart: new york governor cuomo, new york state making its own hand sanitizer. >> the present inmates are doing this. 100,000 gallons a week selling

it for $6 a gallon, to be distributed at schools in jails and local governments first. six dollars a gallon, there was a pharmacy here in new york that sold an 8-ounce bottle of puerile $50. i saw the receipt. that is price gouging and they were fine for that. now you can do new york state clean which is what they're calling this hand sanitizer. stuart: how much for gallants may lack the knowledge. >> is weird to sell hansen a tiger by the gallon. >> is everywhere you go. >> but not by the gallon. >> i stand correctly. stuart: i do use it but small ones which i see all over the place. it's social distancing. i am into that. [laughter] >> forget the coronavirus. stuart: i'm an early adopter of

social distancing. [laughter] stuart: this is a good story if you listen to it. cbs waving home delivery fees for prescription medications. the stock is down 1.5%. the big tech stocks, facebook, amazon, netflix, apple but lost about $150 billion of market value just in yesterday's market selloff but all back up a little bit today. joe biden has a hard time from stumbling on the campaign trail, will show you some of it. >> we will unite this party and unite this country. a nominated lifelong democrat, a pro-democrat and abiding democrat join us.

>> we cannot get reelected, we cannot win this reelection, we can only reelect donald trump if in fact we get engaged in this. stuart: that was just this weekend, now he has another gap, bernie sanders -- we will tell you about this later, bernie sanders making a big push before he heads to the michigan polls today, he is defending sociali socialism, kennedy joined me next and i'm sure she has something to say about it. ♪ ♪ it's surprising how the bigger a city gets... the smaller it starts to feel. which makes it even more surprising, how big it feels in here. with sliding rear seats... and more available second row legroom than say...

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but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age- and increases your risk for stroke and heart disease. so if you're over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. and if you call us today, you'll only pay $149-an over 50% savings. read it again, papa? sure. i've got plenty of time. life line screening. the power of prevention. call now to learn more. stuart: bernie pitched to voters

at town hall last night, he took a shot at joe biden, watch this. >> what is the difference is if i might say between joe biden and myself. joe bailed out the crooks on wall street who nearly destroyed our economy 12 years ago. when i give a speech is often 45 minutes or an hour. i think joe was somewhere in michigan or someplace else the other day and he spoke for several minutes. i don't know how you say anything other than minimal discussion in seven minutes. i think the american people in this incredibly complicated difficult moment in our history are entitled to thoughtful answers to the crises we face. stuart: bernie made a couple of points there. crooks on wall street and short speeches from mr. biden. look who's here, that would be kennedy deal with the first point.

he says crooks on wall street are outraged, how do you feel. kennedy: he hates other people who have money. and i think that resentment is always driven by jealousy which is incredibly negative. and it's not one of the virtues last i checked. and i have problems with stimulus, i don't think there should've been two stimuli but i don't think bernie sanders and i are coming from the same place, he probably wanted more money to go to different places. they propped up the banks essentially. stuart: you don't believe that wall street people are crooks, i don't think there behave like crooks in 2008, do you. kennedy: i think people who do well and successful work hard and are creative. i think the creative spirit, we don't talk about enough, we don't talk about creativity and success being hand-in-hand in this country like we should instead it's very easy to demonize someone else for what they have and try to belittle them for how hard they worked.

stuart: i was born and raised in that culture and i cannot stand it. listen to bernie defending socialism. >> if someone from russia, a country that was greatly impacted by the negative effects of socialism, what assurances can you offer myself and other people impacted by socialism that democratic socialism will not have the same result? >> what happened in existed in the soviet union was not socialism it was authoritarian communism. when we talk about democratic socialism, i am talking about finland, i'm talking about denmark, i'm talking about sweden, i'm talking about countries all over the world who have used their government to try to improve life for working families, not just the people on top. stuart: what do you make of that. kennedy: he likes to vaguely abstract points from scandinavia

but if you talk to leaders and economists in scandinavia they say we have free market economies. we have thriving economies and yes we do have a more robust safety net and or countries because we have a wealth base. they don't have minimum wages in those countries. and that's a big thing that bernie sanders is pushing for so more people make money so he contact everyone who makes over $29000 a year and their tax will go up. but with $15 an hour minimum wage everyone will make more than $29000. everyone will get a tax increase and have less and less to show for it. the problem was socialism, we have seen the effects over and over again and you cannot turn a blind eye to 150 million people who have perished because of socialism. stuart: you cannot do that but stay there for a second period joe biden has not got the nomination yet maybe close but he is reporting his cabinet, who might be in it. kennedy: he is looking down the road because things are looking good for him.

who might be anna, susan rice at the state department, john kerry in charge of climate change, elizabeth warren treasury secretary. stuart: say it isn't so. kennedy: he is framing this as a biden campaign doing a return to more mall, familiar faces, faces of the obama years, then you have to hand up to the many people who gave him their endorsement and money, michael bloomberg. [laughter] stuart: let's not forget that. kennedy: there saying he'll go to the world bank. stuart: biden is looking for obama voters resurrect eight years ago or four years ago whatever it was and bring those voters into him. kennedy: hillary clinton is not the only person that stuck in 2016. joe biden is as well and other than the past week, people have benefited from a different kind of economy and i don't think they want to go back to the force narrative and talking

points from people like susan rice because we've seen it's easy for government bureaucracies to bald-faced lie to the american public. stuart: i love your performance on television, you're gonna tell me when i see you next. kennedy: i think people should do a little picture at noon so they can have fbm and fox news channel at the same time. i'll be outnumbered on the couch. stuart: i call the show ambushed. [laughter] kennedy: you love it. stuart: 8:00 o'clock tonight. kennedy: 9:00 p.m. 8:00 o'clock is trish regan and i follow her at 9:00 p.m. always a pleasure. stuart: i think we have bad news for boeing. 331 every headline associated with a 737 max is not a great headline. this one involves the wiring bundles, the company boeing says

there's a number of spots, 12 different areas where the wires are bubbled together, they say it is fine and the regulator say no. the way it's set is possible you could get a short or some sort of fire out of this that would make handling the plane very hard to handle printer not happy the way it's designed. boeing says we have a 737 ng that has exactly the same wiring bundles that has been flying since 1997 logging 200 million flights without any wiring issues. this gives you example of how much the under the microscope when it comes to the plane. there is an impact right now. stuart: just as you were talking the market turn negative. we were down 2000 on the dow yesterday, 7%, we've moved up as much as 900-point earlier today, that was a solid bounce back, now we have turned negative, not sure the reason but we are on

the downside now, 29 points lower. more bernie afte varney after t. this is the age of expression. but shouldn't somebody be listening? so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual.

stuart: momentarily we dropped into the negative column and immediately bounce back up again, there's volatility right now, we bounced up a hundred now

were up only nine, were teetering on the edge of negative positive, green arrows and then red arrows. now are negative again down ten-point joining us now ubs senior portfolio manager and senior vice president no less. a big hitter if i'm not mistaking. >> i was not expecting that. stuart: what are you telling your clients to do in a market like this where you are up 900, down 30, down 2000 yesterday, what do you tell them. >> i am telling the client to sit tight, we have a portfolio allocated properly, short-term money, you should have your money that you need for everyday living needs. stuart: you're not selling. stuart: sit tight. >> where's the quality, is the quality in the portfolio, is there a chance to turn over the

portfolio and overturn the quality. because everything is down, the good, the bad the ugly. this is a great time to reevaluate portfolio and reposition going forward. >> if you look beyond this virus crisis, whatever you want to call it, look beyond it, where you see the value in today's stocks. >> it is hard to separate the two right now because nobody knows what is happening with the coronavirus, i think that is the issue in the fear and the unknown and uncertainty. i think that's what we see today. stuart: but you don't doubt -- >> in the long term we will be on the other side. it is hard to tell but just as much as things turned down for katrina pretty quickly as well, we seen last week twice we had upwards of a thousand plus days. and we also had negative days. we have to be prepared in terms of the long-term view and i am starting to look at where we can add value to the clients. it will be in the dividend payers in the companies that have good strong balance sheets

they could potentially not been affected as much by what's going on with the virus. i'll tell you we have talked about communication services who is at home watching live streaming on their laptops. we have been talking consumer discretionary, trumping the administration to make changes to the payroll taxes, will that put more money in the pocket of the consumer, where will they spend, will they spend at companies they can do from the home or out to spend money. stuart: after we get the details of the president's stimulus package and if it includes help for workers who may be suffering et cetera et cetera would you prefer to jump in at that point? kathleen: i think we need to jump it before that point. i think knowing there is going to be stimulus coming, knowing we will have corrections or containment of the virus, those are the things that will turn the market around and if you are not starting to like into the market before that you will miss the upside. stuart: as of right now, as of today you have not bought

anything? kathleen: no. stuart: did you by yesterday or dissipate to buy tomorrow. kathleen: over the next week i would anticipate buying. stuart: thank you for joining us. democrats of the primaries, there are six major states, the big one is michigan. in my opinion, bernie sanders is done and i think the party will go with biden. zane is going to talk politics today, he's the apple chairman and the ceo and he joined us in new york. if i am right, if bernie is out of the picture after today, i think i am, it is joe biden going forward, what is the effect on business for biden? >> it is mitigated if bernie is out of the race, is an impact but i don't think it be as dramatic, i think he certainly understands business, look at his son.

stuart: you are terrible. that is sarcasm. >> that's why you bring me here isn't it. [laughter] but he understands business and he understands how it operates. bernie sanders is a socialist disguised as communist forgot six, he does not understand, did he ever work a day in his life or contribute to the economy other than words and hot air. stuart: don't underestimate how far to the left, joe biden is. he's way more left than the obama administration. zane: they certainly do not underestimate them. as you know, there is one view when you're running for office and another view in the reality setting in and now you're in office and you have to have an economy and a has to function and operate and deliver gdp. and he is smart enough not to dissect the, sanders would just go about by dissecting it. it's scary. i spent some sleepless nights

thinking he was getting traction a few months ago. literally. stuart: you are sleepless about bernie sanders. zane: i was thinking about how the revolutionary would put. [laughter] zane: in my going to lead a troop or not. stuart: you run 40 restaurant. zane: yes. stuart: tell me about people, the social distancing not going out to eat. your restaurants are mostly in the new york area. have you seen a drop in foot traffic. zane: we have not. our sales are up. but understand something, that's not fair to say understands of the. the reality is, if you're running a restaurant in the city of new york, one good thing i can say is changing two grades, a, b, c, dprk you have to be managed and totally obsessed with cleanliness. you can go into any one of our restaurants on any given night, coronavirus aside, a foodborne

illness is the only thing that i do that can put us out of business. and that's an every day, every minute of every day occurrence. so what would you do differently if you're manic and obsessed with cleanliness with coronavirus and if you're running a restaurant in today's world, you need to do that. stuart: one thing that upsets me is the people walking away from chinese restaurants. pretty much across the country. it's not understandable. zane: it's understandable that the chinese have different where they have a restaurant here or restaurant there, look around, i don't want to get raided by the chinese tomorrow morning here in america but the fact of the matter is, if you look at the letter signed on doors through chinatown they have grade pending which means they failed the first time and come back and look at a second time or their bees or c's and those are real

sanitation habits. stuart: i would not want anyone to shy away from a chinese restaurant on the ground of the chinese people and you have to worry about chinese. that is a terrible thing. i don't want any of that. zane: i don't disagree without but isn't that the evolution of where were going and becoming a tribal society, they shy away from muslims and we are broken down into tribes. stuart: that's a sad thing. zane: i know. stuart: no reason for china way from chinese restaurant. zane: or for muslim for that matter. i'm not endorsing i make an observation as they walk around the city and see that. stuart: i'm out of time but you come back soon. zane: thank you i will. stuart: invite me too wonder your restaurants and i'll check out the cleanliness. by the way we just turn negative again. we are down 120-point so you

have a thousand points change today. now were u down 133. i don't know how many days in the last two weeks. >> investors want details. they want to know what the president will announce. stuart: we will find out later on. cory booker is campaigning for joe biden, just a couple months ago he was questioning joe's chances in the race. how about this, do remember this. >> there are moments where you listen to joe biden and you just wonder. stuart: refreshing in his age and focus. speaking of biden known for his gas, he's out with another one. we will show it to you after this break. ♪

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president pens holding a virus meeting and we are told the president popped in, we should see the tape of that any moment. market has completely turned around, we were down and now up a bit. i think it turned negative because we have various development on cancellations, big-time cancellations edward lawrence, what you have on g7. reporter: this is a meeting and sources telling me their discussions going on today, phone calls with the other g7 countries to see if they would like to postpone those face-to-face meetings. these are the meetings with steven mnuchin and his counterparts of the other g7 countries, the u.s. is telling those countries with steps it will take in philadelphia to ensure limiting exposure to the coronavirus or the virus itself and what steps they will take. but no decision has been made yet but the discussions are ongoing about what they should do if it should be postpone. some of the g7 countries like japan and italy have been hit

hard with the coronavirus. the imf holding their meeting virtually in washington, d.c. they already made that decision. stuart: president trump is speaking to the healthcare companies, watch it please. >> i want to thank them and vice president pence will give us an update. >> thank you, mr. president. president trump made it clear from the early days of coronavirus in the united states, this would be a whole government approach and we need full resources of the federal government and this president has also called together businesses and industries to make a whole america approach. last week at the table the president met with pharmaceutical leaders, nursing homes leaders, leaders of commercial labs, airline industries, we are bringing all of the businesses and country to protect the health of the

american people. but today mr. president, you directed us to bring together insurance companies, health insurance companies that cover through private insurance and through the support of medicare medicaid almost 240 million americans and i'm pleased to report as you requested mr. president, all the insurance companies here either today or before today have agreed to waive all co-pays on coronavirus testing and extend coverage for coronavirus treatment and all of their benefit plans. and that your direction medicare medicaid last week already made it clear to medicare and medicaid beneficiaries the coronavirus testing and treatment would be covered, these private insurance carriers extended that as well. they've also agreed to cover telemedicine so anyone particular among the vulnerable senior population would not feel necessary to go to the hospital to their doctor they will have

telemedicine covered, the ceos have also agreed to no surprise, we want people to get tested over 1 billion tester out thing to the diligent work from cdc and dhs will go out this week, wework with commercial labs to extend testing. but we want the american people to know that they are covered through private insurance, they are covered through medicare and medicaid and there will be no surprise. mr. president as you directed us yesterday, we produced helpful information for every american family, how to clean their home, business, establishment safe from the spread of the coronavirus and all of these major health insurance companies have agreed to convey all this information starting today to all of their customers as well

with seniors with underlying health conditions to give them specific recommendation. as you requested, they have all agreed to work with us to communicate information directly to the american people. as you said mr. president, the risk to the average american of contracting the coronavirus remains low, we want full partnership with industry and the american people all the information that they need to avoid contracting or spreading the coronavirus and particularly these companies are going to help us get information to seniors with underlying health conditions who really represent most vulnerable populations to serious outcomes. i noise become have the president when i say how grateful we are for the collaborative spirit and generosity of the partnership represented by the great companies of the state. >> very true, were working very closely with the cruise line

industry and very closely to taking strong steps in terms of people going on and going off and there are spending a lot of money and working very hard and were going to be helping the industry, likewise with the airline industry and making a very strong for people coming into our country and even getting off the planes so we are working very closely with them and helping them and will be helping them through this. so far i figure it's been going very well, we came in yesterday, that is going along incredibly well and working with the state of california, also with canada and the uk. so the uk is taking their people, the citizens, 600 peop people, they're coming back and being met and brought to planes and be brought in a dignified

fashion back into canada so we appreciate all the help we have had and that is working out very well, with that i might ask a couple of folks if you would like to make a statement on behalf of the industry and perhaps would you like to make a statement on behalf of of the industry. >> sure, one of the things that is most import from day one of the industry and company at anthem, we've been very focused on ensuring access to care and that cost is not an issue for people to have the test testing appropriately done and were able to expand access. stuart: as a vice president was speaking in summing up the virus situation, i noticed that the market rallied, the president and the vice president said the vice president wants all americans to take a test, there are 1 million test out there with more to come in they want people to be tested. the vice president said he

believed all co-pays for coronavirus. >> they all agreed there will not be any co-pays on the testing cost. if you want to have a test. stuart: that's one of the reason about intermarket bounced up, positive news on the airlines and cruise lines. >> big gains for apple and microsoft, is not connected to what the president just said. >> no. stuart: the dow stocks, that help the overall market go up. joe is with me, the media reporter for the hill and a good friend of the show as a matter of fact. welcome back. >> old pal good buddy. stuart: be careful.. stuart: i want to get back to joe biden for second period i was saying earlier, that his aides are telling him shorten his speeches so you don't make

mistakes. >> this president we just heard from a second ago he goes on for 90 minutes during his speeches, the press conferences go on more than an hour. when you have joe biden speaking for seven minutes, what can you actually express given all the problems in the country, and all the things you want to do to fix them. how can you express the seven minutes unless you're trying to run out the clock and not making any gaps. i went back and washed the 2012 between paul ryan and joe biden. joe biden is 90 day, he was sharp, quick, had a firm grasp of his argument, he was a different person then. that was joe biden in his late 60s and 2012, we have 2020 version in his late 70s, if he becomes president you get in his 80s joe biden and that is disturbing given the decline we have seen and witness to this point. stuart: compare and contrast with president trump right now

has just given a very somber sober assessment of the virus assessment and very much under control of it. what is the contrast here. the president is telling us -- my opinion,. >> at this point, there's a lot of unknowns in a lot of countries are infected with the virus at this point, the ductal is 26. this has been a story for a month and still the death toll is 26. 80000 people were killed in this country alone by the flu and 2018. we have to keep that into perspective. the death toll in the u.s. will go up but will we approach anything like those numbers and we need that context in our media reporting, no question about it. i may get criticism for saying that joe biden mental acuity has declined, it's not me saying it, it's cory booker in julian castro and other democratic pundits have said that as well. it's something we all see in broad daylight. stuart: the media in the past three years has frequently

question our president sanity in his ability to conduct his office. nobody ever says anything about joe biden. hands-off joe, he's a democrat guide. >> is even worse, the question the president mental acuity for three years even though his doctor said he took a call nip test and scored 30 out of 30. meanwhile if you bring out joe biden's mental, that cannot be done, that shows you the elective outrage in the mission that we see in the media for so long. stuart: do you think the media is firmly behind joe biden and rejecting bernie sanders. >> absolutely. they say see him as a candidate that can beat bernie, he went i went new hampshire with the lowest of the vote with any candidate in the history and what you have other people out of the way, pete buttigieg, warren, michael bloomberg, the open the laying and i don't

think joe biden really is versus a socialist in the moderate will win because the machine is behind him. stuart: you're the media reporter on the hill and that's what you cover. do you read the financial times? >> ft.com. >> i read a different publications but not on a regular basis. stuart: i do, it's amazing that there are financial newspapers about most 80 trump, they hated, trumpets given us prosperity and a booming economy and the stock market rally, they hate him. >> if it believes it reads as panic for profit in this case and terms of coronavirus. perhaps her seeing trump as the bad guy. you can write about the bad guy then the law of the good guy. stuart: nicely done. [laughter] >> are you british, know your

american now. congratulations will come to the club. stuart: before we went to the president and the vice president, we were talking about cancellations, there is an important one here. the ivy league canceling. >> men and women's basketball games expected this month, boston, there canceling because of groups of people coming together and obviously college campuses at risk are following protocol, as a result there will be automatic bids to the ncaa tournament so yell for men and princeton for women's basketball. stuart: that claims down on economic activity when you get all the news of cancellations for this and cancellations for that. it adds to the stream of stuff coming after you. there is more european soccer, which we have. i know some gains are happening. >> all the french professional leaks. stuart: this is devastating news to audience. >> germany, italy, international friendly game scheduled for

march 31 will be behind closed doors, no one will show up because you cannot get in. that is not being played in italy being the largest number of virus cases, this is scheduled to be played in germany. so they have made the decision to not let fans in. stuart: shutting it down across the board. >> major league baseball, the mba, major league soccer in the nhl, have all now banned reporters in the locker room. so they're not allowed in, this is a temporary thing but the trend to cut down on the interactions as possible. you can still report on the game and ask your questions from afar but you cannot be in the locker room. stuart: you don't want to upset your players or that kind of thing but i don't understand empty stadiums like at a baseball game. any gatherings over 1000 people is what they decided. i hate to see that happen here. >> cbssports has billions invested in the ncaa

you lose that sort of atmosphere you will lose ratings big time. for now you will have crowds at ncaa tournament but that could change in a week. stuart: a competitive tournament is not a competitive tournament if no crowds cheering on their side. >> particularly the college atmosphere. ashley: you hear squeak of sneakers and coaches shouting. very strange. >> squeaking i remember that. stuart: coming to the end of the show, joe. stay there, you may have a comment on the last item. ashery is dying to get into it. meghan and harry performed last duties. ashley: i got more. they had their last official royal job. that was westminster abbey, on commonwealth day, all the commonwealth countries hold a service. the body language between the couple, william and kate, not

very warm. that will be on the front page of "people" magazine, all the rest of it. but they were sitting the second row back, weren't a part of the main team there. they were next to prince edward and his wife. thanks, bye. stuart: media reporter, these two have not gotten very good press, have they? >> i never rooted for personally against a couple since ben affleck and j.lo. the queen is old. don't insult her the way they are. it is bratty. the only way i look at it. they think they will be the next power couple in hollywood. ashley: he has become a hollywood agent. it is bizarre, right? stuart: how long before he asks to be taken back into the family fold. ashley: i'm sure you can bet on that in england. wonderer what the odds are. stuart: joe, thank you. >> i get to practice on the bartiromo show. they keep you there three hours.

stuart: this is not a panel by the way. >> of course not. stuart: we don't do panels. >> these are experts. stuart: this is special award. president trump will give presidential medal of freedom to retired general, fox news contribute to be, jack keane. a friend of the show and a great man. lauren: white house says he devoted his life to keep american troops safe and he led troops in vietnam. awarded silver star. he was in the pentagon on 9/11. he is humbled. he will be awarded the medal of freedom today. you have announcement. stuart: i do. lauren: he will be on the show tomorrow. stuart: teleprompter says jack keane will be on the show tomorrow. i'm happy to report that. the man is a terrific guy. a great patriot with exin extraordinary record of service. i like him. >> when he went to television,

jack keane is one of leading, one of the best military analysts out there. he has gravitas. makes you listen. stuart: you can't beat it. jack keane on the show tomorrow. do not miss that. connell in for neil. [. connell: i'm connell mcshane filling in for neil. insurance companies agreed to wave co-pays for people tested for the coronavirus. comments made by the president and vice president. president trump says his administration will be, as he put it, helping the cruise industry. helping the airlines. we're waiting for more details on any kind of help or stimulus might come out of the administration or congress. one thing we continue to see is the wild swings on wall street. the dow was up at