thonnive fauci. we hope you will be with us. thank you for being with us tonight. we'll see you tomorrow. good night from new cheryl: it is 5:00 a.m. here are your top stories at this hour. wall street goes to the white house. president trump meeting with big bank ceos over the fallout from the deadly coronavirus. can today's meeting turn markets around? lauren: joe biden continues his comeback tour as election results roll in overnight. can bernie sanders survive to see next week's primaries? cheryl: it is decision day for harvey weinstein as a judge will deliver his sentence, plus new reports he lobbied jeff bezos to try and save his career. it's wednesday, march 11th. "fbn: a.m." starts right now. ♪

♪ your love keeps on lifting. ♪ lifting me higher and higher. ♪ your love keeps on. lauren: welcome to "fbn: a.m.." good morning, i'm lauren simonetti. cheryl: i'm cheryl casone. we're trying to lift higher but no luck so far. lauren: monday, th -- the dow s down 335 points in the premarket, nasdaq is down 120. yesterday the nasdaq had the biggest point gain ever. cheryl: the oil price war continues after yesterday's 10% rebound. oil is under pressure now. the contract is down 1.31%. we shall see, though, if the russians come back to the table. lauren: and we see how nervous investors are by looking at the yield on the 10 year treasury,

it is down 7 basis points this morning. cheryl: adidas will lose more than a billion in greater china sales due to the coronavirus. we're watching headlines. there were red arrows despite u.s. markets gaining. japan and south korea the two hardest hit markets there. lauren: we're watching stimulus responses from governments, in london the bank of england cut interest rates, the ftse is up one and a third percent this morning. the cac is up two and a quarter percent. the german dax up 2% this morning. cheryl: amid th the coronavirus crisis, wall street's top executives are headed to the white house to meet with the president over the impact from the virus especially on the u.s. economy. the ceos are on the guest list. lauren: yesterday, president trump announced he wants a zero payroll tax to combat the fallout from the virus. larry kudlow says, hey, he

thinks it's not only going to help the economy but will also help everyday americans. >> i think it will be a stimulus. i think it takes pressure off middle income people and gives them liquid at this. >> not if they're not working. >> most of them are going to be working and we'll take care of the ones who are home and who are sick and may not be covered. lauren: democrats are lining up to condemn the proposal, saying president trump is making this an election issue. many democrats including nancy pelosi and chuck schumer supported then president obama's 2% payroll tax cut back in 2010. cheryl: the white house is going to be meeting with technology companies today on how they can help with the coronavirus outbreak. representatives from facebook, google, amazon, apple, microsoft, and twitter all expected to participate. lauren: investors are going to be looking for details on any of these meetings all day long. norm is sending in the national guard into what is believed to be the biggest cluster of

coronavirus in the nation. public gatherings are banned in the one mile containment zone in the new york city suburb. cheryl: todd piro has more as covid-19 infects nearly 1,000 people across the united states. todd, good morning. >> reporter: lauren and cheryl, good morning. the suburban enclave of new rochell outside of new york city in westchester county facing severe restrictions, governor cuomo calling it a matter of life and death. >> this is unique in the united states of america. we haven't seen this anywhere else. new rochell at this point is probably the largest cluster in the united states of these cases. >> reporter: you can see where coronavirus is most prominent. 108 cases in westchester county, the national guard being used there to clean public spaces and deliver food to homes under quarantine. from east to west, check out washington state, the governor

there expected to restrict gatherings of more than 250 people in three counties, a move aimed at sports, concerts and other events. and look at california where tsa just announced three of its officers who work at san jose international airport have tested positive for covid-19, with all tsa employees that those three came in contact with now quarantined. 30 people from died from the virus with more than 1,000 cases nationwide. many colleges and universities have moved classes online or canceled them including harvard which issued the statement, quote, the goal of the changes is to minimize the need to gather in large groups and spend prolonged time in close proximity with each other. the director of the national institute of allergy and infectious diseases, dr. anthony fauci, says mass education closings are not the way to go right now. >> for the country to say we're going to close all the schools in the country i don't think

would be appropriate. i think it would be appropriate to carefully try to do things like closing. >> reporter: overnight planes of quarantined passengers from the grand princess cruise landed in military bases. they will live there for the next two weeks. several other planes with other passengers scheduled to land at bases later on today. back to you. cheryl: thank you. the joe-mentum continues. former vice president biden heading to victory in a pivotal primary contest. lauren: brian llenas has for me from lansing, michigan. >> reporter: joe biden widened the delegate lead over bernie sanders and taking complete command of the race for the democratic nomination. biden won 52% of the vote in michigan to sanders' 36%. michigan the biggest prize of the night with 125 candidates.

in 2016 sanders won michigan over hillary clinton, thanks to winning over white blue color workers in your rural areas. in mississippi, biden blowing out sanders by 67 percentage points, a whopping 86% of black voters in mississippi voted for buy department he continues to handy -- for biden. he continues to handily win the black vote nationwide. biden sweeping every county in michigan, missouri, and mississippi. he also won idaho, the wins giving him a commanding 160 delegate lead over sanders. >> it's more than a comeback, in my view, our campaign. it's a comeback to the soul of this nation. this campaign is taking off and i believe we're going to do well from this point on. take nothing for granted.

i want to earn every single vote in every single state. >> reporter: sanders did not speak last night, choosing instead to fly home to vermont. both candidates had rallies can vealed ducanceled due to the co. this sunday's debate will now be audience-free. cheryl: biden may have won michigan. the former vice president is getting a lot of attention for this tense exchange at the chrysler plant in detroit. >> [bleep] >> wait, wait, wait. ar-14s -- >> [ indiscernible ] [bleep] cheryl: a few profanities said there. the plant worker accused biden of wanting to take away his second amendment rights. biden said he wouldn't do that.

he has been criticized for offering beto o'rourke a gun control role in the administration. o'rourke says he supports aggressive measures for gun control. lauren: here's other headlines making news. vladimir putin could remain russia's president for the rest of his life. he said he would back a change proposed by the state's parliament that would allow him to serve another two terms. instead of putin stepping down in 2024, he could remain in power until 2036. he's already served more than 20 years as both president and prime minister. if passed, putin would surpass the three decade tenure of soviet leader josep josef stali. president trump taking a snub at his former ag, jeff sessions. the president said he was backing his rival in the republican runoff for the alabama senate. the president praised th tupper villas a real leader in a tweet. timothy sloan, the ex-ceo of

wells fargo, is being referred to the department of justice. maxine waters accused him of making false statements during a testimony to congress last year. sloan has said the bank was in compliance with government consent orders in the wake of the sales scandal before he stepped down in june. sloan's replacement, car charles sharp was in the hot seat yesterday. he blamed broken culture on wells fargo alleged consumer abuses. he said he's making changes and he is confident he could move the bank in a significantly improved direction. and finally, americans could have more time to file taxes this year. the trump administration is considering moving the april 15th deadline back amid the coronavirus outbreak. that according to several reports. this as president trump and his team try to work on a response to help the markets as well as the economy which have both taken hits. cheryl: let's take a look at futures on this wednesday. we have another wild ride in store for all of you today. futures, the market anyway, was down a lot more overnight.

about 600. now the dow jones is down 339 in the premarket, s&p is down 44, nasdaq is down 117, a lot of investors seem to be searching for the bottom. we'll see how today shakes out. wall street will be heading to the white house today over coronavirus fears. what can these executives say to stop the market mayhem? lauren: juggling kids' schedules can be tough. ask any parent or babysitter. uber wants to help. the company's latest venture and can you trust them, coming up on "fbn: a.m.." ♪ amy, what you want to do. ♪ i think -- liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk lauren: president trump meeting with wall street executives this afternoon as investors brace for another whiplash day of trading whavmen.what do investors need r to stop the bleeding or to calm the volatility out there. todd horowitz is the chief strategist at bubbatrading.com. he joins us now. good morning. >> good morning,. lauren: we're waiting to hear the details of some sort of stimulus package. why are the substance and timing so unclear? is that one of the reasons that the market doesn't know what to do? >> well, i think, listen, first of all, if you look at the markets in general, we've kind of topped out anyways and we started to see some of this volatility. investors were looking for a reason to sell and the coronavirus happened to be the trigger point and of course now

because of all the media and because i think this is another way for the left to try to push on president trump, they're creating much more fear than due. what he's doing is the right steps, bringing in the ceos and saying calm down, we're going to figure this out, we're going to take care of it and whatever we need to do to help the economy get through this, if we have some loss of business which we've already seen, we're going to deal with. that's what the meeting is all about. lauren: why exactly is the president meeting with heads of our biggest banks today? what can they do? >> i think he wants to calm everybody down and really take the bull by the horns and say, look, we're going to take care of it, we're going to resolve the situation, we have everybody working on it and we'll take care of the economy. let's not create a bigger fear problem than is already here. we have markets that are weak, besides the coronavirus. we have the early stages of a recession so there's a lot of issues that the president i think is taking a lead as a good ceo would and he's trying to put everybody at ease and make sure

that he knows that going forward we're going to work together and get it done and get it fixed. lauren: i'm going to use your words. you say this is perhaps laying the foundation of a recession. do you expect the banks to meet with the president today and say okay, we're going to allow small businesses that are suffering because of the coronavirus or people that can't make their mortgage payment or their credit card payment, we're going to defer some of those payments? what exactly can the banks do to fix this? >> well, the banks will defer payments. typically, they don't have a lot of small loans out there. they're no not lending to the sl business. they're forcing the small business to go to higher rate lenders. it's a challenge as a small business to borrow money directly from the banks. they don't like working at these very short margins on risk. so they're usually buying the loans back from a higher rate lender and i think that's another issue the banks are overleveraged as well. lauren: finally, i have 10 seconds here.

we were expected to see the biden bounce, he did well in the michigan primary and others last night. instead, we have a selloff on our hands, the dow is down this morning. >> biden is assumed to win now. the only surprise would be a biden loss would create a bigger selloff. the market has priced in, he's going to be the democratic nominee. lauren: todd, thank you so much for joining us this morning. >> thank you, lauren. cheryl: the next big round of primaries right around the bend. does bernie sanders have a pat. hillarypathto the democratic non after getting hammered on mini super tuesday. lauren: plus, can the u.s. government handle foreign meddling or a full-blown cyber attack. a new report about to be released and we have the details. keep it here on "fbn: a.m.." 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,

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cheryl: joe biden coming off a successful night, widening his lead against bernie sanders and winning the key state of michigan. as we head further into the primary season, is there a path forward for bernie sanders. let's bring in political analy analyst, tesla figaro. look, let me ask you this. he didn't come out and talk last night. that's the first time he has not addressed supporters after a primary. is he going to stand down today? >> if i know anything about senator bernie sanders, i know that he is not pro-math, he is pro-movement. even though the math is not working in his favor, i would suspect he will do like he did in 2016 and say every vote should be counted and will continue on through the primary.

i do think that more than likely he certainly got a bit of reality, a reality check last night. in 2016, i spent most of my time in michigan. i was there just this past monday, still fostering those relationships and a lot has changed. in 2016 we won only by a percent or two and last night it was a decisive win and joe biden was able to win across the board, white and black voters and every demographic so it did not look well for senator sanders. that was his biggest possibility to move forward. cheryl: we'll see what the campaign says today. you bring up 2016. president trump barely won michigan in 2016. those young voters did not come out for sanders that he promised last night. and looking forward, the editorial board of the journal says this is twilight time for bernie sanders. but they also point to the fact that turnout was strong in michigan for biden. not just -- i mean voter turnout was strong for the party. what does this mean for the general if it's biden and trump?

>> when i talk about the general, that's a completely different analysis. cheryl: it's time to look forward, don't you think? >> well, i mean, the voter turnout went up. but again, trump as we know has a very strong lock on his base as well. so that's a totally different race. i tell people, this what is the democrat -- the democrat party is clearly moving forward with joe biden. it's not just the establishment. it was bernie sanders' race to lose. when you start talking about biden versus trump, now you're changing the dynamic in a completely different race. i tell people all the time, democrats know that socialist would have been the worst thing to run against president trump but i also tell my conservative friends no worries, you'll have plenty of material with joe biden. [ laughter ] >> so we'll have to see. a lot will change as we move forward. that will be a very interesting race. cheryl: the trump campaign did put out a statement after the results last night. they said it is clear that the democrat establishment rallied around the confused joe biden in

an effort to deny the nomination to bernie sanders. are you worried as a democrat that that's going to taint the race moving forward? in a general, again, in a general. >> the party's been fractured for the last four years. so this is nothing new. i do credit democrat establishment with some of it, that goes into some of the play. but it's really honestly not all of it. bernie sanders started out with more volunteers, more individual donations, more folks on the ground. he's been running for five years. at the end of the day, even though i work for senator sanders, i'm not a socialist. that's the bottom line. i always said that. at the end of the day, most americans are not socialists, most are independents, most are moderate, most are center, a lot of folks are center left. and folks know that that is just not the message that is going to do well in a general election. doesn't mean that joe biden is the best candidate. i've criticized him as being a terrible candidate, obviously. but when it comes down to having

to choose between those two, democrats seem to have made a very clear choice. cheryl: the older democratic establishment that you're mentioning, they came out and voted in michigan yesterday and it was for biden. teslin, always great to have you on the show. please come back. >> thank you so much. lauren: let's take a look at futures this morning. after an 1100 point rally yesterday, giving some of that back today, dow down 391 points, s&p down 51, the ecb is warning of a 2008 type of crisis if the central bank does not act and we expect some movement by that agency. airlines also getting hammered as coronavirus fears spread to do the airlines need a bailout? is your health at risk if you do decide to fly. cheryl: if a mcdonald's big mac isn't big enough for you, now you can double it. the new items hitting the golden arches, we've got it here. keep it ear on "fbn: a.m."

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(sorrowful music) cheryl: here is your morning cheat sheet, the top headlines to get you through the day today. wall street's top execs are headed to the white house to meet with pros presiden presider the coronavirus and the impact on the community. former vice president biden sweeping to victory overnight. biden winning the night's biggest prize, michigan, scoring a comfortable lead in missouri and idaho and a blowout in mississippi. right now, washington is too close to call. north dakota will likely go to sanders. biden securing 823 delegates, still more than 1,000 away from locking down the nomination. harvey weinstein is set to be sentenced today, he's facing as much as 29 years in prison after being convicted of rape an sexual assault. prosecutors are asking for a

lengthy sentence. weinstein's attorneys want the minimum of five years. lauren: the passengers on a delta flight over the weekend were taken off the plane when they started panicking as a fellow flier was coughing. people were nervous, many deciding not to travel. airlines are taking a major hit as a result. how bad is this expected to get? we have the president of the aviation agency, brian del monte with us today. brian, good morning. >> good morning. lauren: how bad is this going to get? is this a 9/11 type situation? >> i hear that routinely and i am actually here in charlotte at a conference of schedulers and dispatchers and i'm talking with business aviation and commercial aviation and i keep hearing this feels like 9/11. so we'll have to see. i think it's early yet. but you have major airlines reducing their capacity. you have airline after airline basically issuing new warnings in terms of the earnings

guidance and there's a lot of fear and uncertainty on both sides of the airplane at the moment. lauren: we hear that there are tsa agents on the west coast that have the coronavirus. we're talking amongst ourselves in studio. our stage manager is a little nervous about an upcoming flight that she is still planning to go on. someone next to me is probably canceling a trip. i have a question mark on one of my trips. what do you say to people? this is something that people are talking about every single day. i mean, are the airplanes clean? is there an issue -- like let's say you can go to florida, everything's fine. did the situation change back in new york so much so that you can't get back in? >> i don't have good answers to those questions. what i can speak to is i'll tell you my own experience flying in. my plane was pretty full and charlotte airport was pretty full. i think people are -- there's a lot of fear, right. it's hard to understand, in part

because of all the conflicting information we're getting about how to react to this. you know, is a plane safe? there are a lot of measures on aircraft in order to -- even without coronavirus -- to reduce the transmission of illness, so i personally didn't feel afraid getting on a plane. i wouldn't -- i guess we don't know, right. i mean, you raise a good point. if i travel to florida and i want to go to new york, am i going to be able to get to new york. the short answer is i'm not sure how that's going to work. i don't know. lauren: the airlines are basically saying look, we conserved cash, we're taking all these steps to make sure we don't need a bailout. but do you thinks they're going to need -- think they're going to need a bailout? >> well, it would seem so. i think the airlines are doing the things they need to do. i think everyone's trying to be very cautious and do the right things here. but if we see a precipitous dropoff in travel, how -- and

it's not going to be just the airlines. hospitality, the travel industry, there's a lot of industries affected by all this. so i would think so, yes. lauren: brian, thank you very much for coming on and also -- >> thank you. lauren: giving us a little calmness that i think we need this morning. thank you. >> thank you. cheryl: i'm happy to go to the caribbean right now. lauren: she's already buying her ticket. i hope you got it cheap. cheryl: a new report says the u.s. is not equipped to handle major cyber attacks, that report set to request released later -- set to be released later today. lauren: brett larson is here for the details. >> it's a bit troubling but not surprising that the government is not prepared to deal with a cyber security attack. we've seen this happen in some smaller communities where their data centers or their civics office or whatever is taken over by a hacker and they're held at ransomware attacks, we've seen several of those over the past couple months. this report basically lays all

of that out, says we're not prepared for it, says congress should create separate committees to deal just with cyber security. the committees that put this report together arguing amongst themselves on the language of what they had to talk about with cyber security. there's a lot of things at play here. when we think about cyber security, most of us think about online banking or changing our password or what have you. when we're talking about financial institutions -- cheryl: talking about the u.s. government. >> the u.s. government. cheryl: the military, the pentagon, the irs. this is -- this report is going to be big. >> yeah. cheryl: serious. >> far-reaching implications across the board. our government's not designed to handle something like this. washington likes to just-status quo, we're going to continue to do things the way we're doing it. you mentioned the irs. they're a huge target for hackers because they have all of our financial information. people have been known to submit

phony tax returns to get the money back from random people. they steal your social security number, they file a bogus tax claim, they get your money. these are things that are actively happening. cheryl: it's also an election year, brett. i mentioned that earlier. do we need to worry about the structure of our electoral system? >> the electoral system in our country is so fractured in that different communities vote in different ways. some people are using paper ballots, some are using computer voting. it doesn't have a paper trail which i don't think is generally a good idea. we don't have national infrastructure on voting. it's good in a way because there's not one target to go after. it's bad in a way because then you have all of these other targets to go after. if everybody is using, say, voting machines from diebold and you know how to hack into that and you know which communities are using those, it's a pretty round and easy summation to get in there and hack a voting

machine. lauren: sometimes having different systems is beneficial, albeit confusing. thank you very much. cheryl: you can catch brett on fox news headlines 24/7, sirius xm channel 115. well, the u.s. is deploying missile defense systems to iraq in the wake of the attack targeting american troops by iran. since the january base attacks, the rogue nation unveiled a new missile capable of cross-border attacks, this in response to the u.s. killing one of its top generals in iran. 110 american troops suffered brain injuries during the strike. most have returned to active duty. lauren: today the house is set to vote on a bill to overhaul fisa courts, it would increase oversight. the attorney general must personally approve surveilling government officials. the fisa process has been under fire after it was used to spy on former trump aid carter page. nancy pelosi and kevin mccarthy applauded the new bill, saying

it protects americans' privacy. parts of the current law expire on sunday. cheryl: the nba could be sidelined by the coronavirus. the league will hold a congress call today to -- conference call today to discuss how to deal with the virus, including moving games to cities that have not seen outbreaks, playing in empty arenas or even suspending the season. the nba has joined the nhl, the mlb and mls in closing off locker rooms to everyone except players and essential staff. let's take a look at futures on this wednesday. the volatility continues but we're not at this point set to see a crazy swing although anything can happen. the dow is down 446 in the premarket, s&p down 56 and-a-half, nasdaq down 163. traders are searching for the bottom. we'll see if we can find it this week. also, this. 80% of americans with

disabilities are unemployed. but our next guests are trying to change that and they are proving they can make a meaningful contribution to the workforce. lauren: mark wahlberg may be a blockbuster actor. now he's pulling back the curtain on his personal life. details on his streaming venture when "fbn: a.m." returns. ♪ don't forget who's taking you home and in whose arms you're going to be.

cheryl: many of us take the ability of working for granted. but for people with disabilities, getting a job can be very difficult. the prospector theater in richville, connecticut, is hoping to change that. they employ over 150 people with disabilities. let's bring in the founder and executive director of the prospector theater, valerie jensen and one of her employees, chris mann. good morning. >> thank you for having us. cheryl: it's great to have you here. where did the idea come from. >> my sister has down's syndrome. she has a lot of friends with disabilities. i watched them trying to get a job. i thought what do people with disabilities love and what does our community need and a movie theater came out of that and it has been a magical place to work. we've been able to create so many jobs and so much education for the community coming in and learning how to interact with adults with disabilities and seeing people like chris and

saying -- chris is super articulate and he is an amazing employee and i want other employers to see that there's a huge talent pool out there just waiting for them. cheryl: chris, what do you like most about your job. >> it's mostly that i like to work in the box office and i love working in the cafe. i like to learn how to make coffee and taking tickets and talking to patrons. cheryl: don't you get to see a free movie once in a while? >> this past week, yes, ma'am. cheryl: that's nice to have. valerie, why is there such a discriminatory attitude about hiring employees -- 20% is a low numnumber. >> it is a low number. we i'm t aim to show employers e adaptive equipment we use to show they can convert offices, buy something that costs like $50 and that's all somebody with a disability might need to do their job and they would get the best employee they ever had. cheryl: chris, what is the best

part do you think about working for somebody like valerie, who as you said really believed in you. >> i've known her for 14, 15 years and we did really cool group together. we did some awesome movies together. i'm grateful to have her in my life. >> likewise. the great news is, we're about to open prospector two. cheryl: oh, great. >> that means we'll be able to create more jobs, just more awareness and visibility of people with disabilities in our community. cheryl: your sister must be really proud of you. >> she told me she wouldn't work here. [ laughter ] cheryl: she does work for you. >> now she does. now she does. cheryl: tough sister. >> yes. cheryl: most sisters are tough. thank you so much for being here. >> thank you. cheryl: really inspiring story. that's why we do sets like this on this show. >> thank you for having us. cheryl: over to you. lauren: that was beautiful. let's talk about other headlines making news this morning. tesla is looking to expand

across the country as it marks the one million sca car milesto. elon musk said the company is scouting locations for a truck plant in the middle part of the country. this isn't the first time elon musk made such claims. he asked twitter followers if they should open in techses. uber is developing uber for kids, a version of the ride share app meant to transfer unaccompanied children. currently one person in the ride must be 18 or older. no word on how much such a service would cost. mark wahlberg may have been the inspiration behinden to your be. but a new venture may show what his life is really like. a documentary series will follow mark wahlberg's daily life as he juggles his film career and

businesses and real life. no release date has been set. mcdonald's launching two new versions of the big mac. the double big mac contains four patties and the little mac has one. both sandwiches are available nationwide starting today. cheryl: who needs four patties. lauren: someone who is very hungry, cheryl. cheryl: let's take a look at futures this morning. you may start to emotional eat after a day like today. the markets are red again. investors are searching for the bottom right now. the s&p is down 56 and-a-half, nasdaq down 158 and three quarters. well, harvey weinstein is set to be sentenced laye later today. will he get the maximum sentence prosecutors are asking for. lauren: one couple taking action over princess cruises over the handling of the coronavirus outbreak. do they have a case? the answer when we return.

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cheryl: disgraced movie mogul harvey weinstein will be sentenced in new york city today. his lawyers asked for a lenient sentence. will he get it? let's bring in trial attorney misty meris. hwhat do you think he gets toda? >> i do not think he gets the maximum, actually. i don't think it's going to go that high. but the minimum that i think is a pretty much a pipedream. i'm not surprised, the defense made all the right arguments that they're supposed to make, seeking the minimum sentence which is five years. i don't think that's going to happen. i think we'll see something

between 10 and 15. that's where i think this is going to land, in that maybe the midpoint, not at the high end but the five years, i don't see that happening in any way, shape or form. cheryl: we'll be curious to see if he speaks today in court. he never spoke out in his defense. he can talk today, though. >> absolutely. cheryl: should he? >> look, that's a decision that his defense attorneys are going to have to make. it's going to depend on his mindset, whether or not he's going to make a compelling case to the judge. remember, defense presents what's called mitigating factors. you're going to be hit with two victim impact statements today and that's always very influential. judges would like for him to speak but if his attorneys think it would be to his detriment -- remember, in public statements he made, he didn't seem too remorseful. you want to show remorse. if i was his attorney and i had a question mark, probably better to let your attorney speak for you. cheryl: i wonder if his attorneys will bring up the fact -- we're learning he reached out

to jeff bezos and michael bloomberg to try to save his career. >> hail mary at the very end. cheryl: let's talk about the cruise ship lawsuit. this couple now that was on the grand princess has filed suit against princess cruises. this is the first of probably many. they say they were -- they never, ever would have gotten on that cruise if they had thought there was a risk to their health. do they have a case? >> look, i think they do have a case. i think this is just the tip of the iceberg. there's going to be so much litigation coming out of the coronavirus. now, their argument, it's a negligence case, it says the cruise line did not act reasonably because they knew there were people on the cruise that had been exposed and they failed to take action to protect other passengers. now, look, from a defense perspective, they're going to talk about the way corona has spread, the fact that it's a pandemic, they're going to call it what's called an act of god, they're going to say we didn't have control over the situation. but these cases are going to survive, cheryl. they're going to get litigated.

cheryl: does it become class action. >> i 100% think that it will. there will be so many lawsuits regarding this cruise line. i think we're going to see many more coming out of it, class action lawsuit. this was filed on behalf of individuals. the reports indicate there's actually an attorney already working up a class action case that's been speaking to particular passengers. cheryl: do you think the airline industry executives should be nervous about lawsuit as well? have they done enough to protect us to fly? >> you make a really great point. i absolutely think we're going to see lawsuits against industries like the airline industry. one of the reasons you see so many corporations, the airlines taking precautions and putting it out there so that if god forbid something happens they can say we took precautions, we took these steps which we deemed to be necessary but we couldn't prevent it entirely but we took these steps. but there's going to be so much litigation on so many different fronts sprouting out of the coronavirus.

it's something we're going to see as this continues to unfold. cheryl: keep your cell phone on. >> i will, i will. cheryl: we'll be calling you soon. all right, thank you. over to you. lauren: let's take a look at u.s. futures now, dow is now down over 500 points, s&p down 64, nasdaq down 177 this morning. investors might be waiting for a fiscal stimulus announcement from the administration. cheryl: coronavirus fears are forcing cancellations of major events throughout the nation. but there is one silver lining for some. we've got it, coming up, "fbn: a.m.." let's get down to business. the business of road trips... ...adventure... ...and reconnecting. modernized comfort inn's and suites have been refreshed because our business is you. get the lowest price guaranteed on all choice hotels

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cheryl: cancellations due to coronavirus and some issuing refunds. mike: a lot going on here. last week south by southwest got canceled by the city of austin. we cannot have music festival with music coming and now the festival saying we will not refund everybody that bought tickets. now the people not happy about it. in addition to that, you also have a lot of other things being affected by corona virus. tv audiences, wasn't day at a time, dr. phil and more.

more festival music related being canceled. bts, all canceling overseas tours. miley cyruss. >> in addition to that, live events, new york city with marathon, huge deal. cheryl: sunday. mike: international big auto show. big things for companies, show case newer cars, that got canceled as well. listen -- in addition to all of that, universities and colleges have canceled in-person classes,

harvard, many many, they learn from home or justifying your what happened. some say they with never return to dorms after spring break. in addition to all of that, ivy league. big east -- that's going on as of right now. cheryl: okay. mike: we don't know what's going to happen with march madness. the ohio governor is saying we don't want fans in attendance for large events. lauren: trick question for you, is there any conference that's still going on? mike: yes, a lot are going on, big east, et cetera, the ivy league one that has officially canceled the whole entire thing but not going the right direction right now. cheryl: there's a silver lining.

mike: there's a silver lining, perhaps you're working at home already and the cabletv.com is offering you the opportunity to binge-watch march madness and they will pay you a thousand bucks. you may not get paid by employer but you are still making a thousand bucks. make a thousand bucks. lauren: maybe the kids are help because some are staying home from school. mike: family get-together. >> that's it for us. good morning, maria. maria: happy wednesday, everybody, thanks for joining us, i'm maria bartiromo, it is wednesday march 11th, top stories right now before 6:00 a.m. on the east coast. another selloff on the way this morning. take a look at the selling and the dow industrials down 417 points right now. nasdaq futures down 150 points and s&p down 53 points after

wild day yesterday with the dow, nasdaq and the s&p 500 all closing at session highs. dow was up 1,167 points. that was almost 5%. the nasdaq up almost 400 points. also almost 5% and s&p 135-point gain up 4.94%. call it a comeback. former vice president joe biden winning big yesterday sweeping the midwest including the big prize of michigan. president trump pushing for a payroll tax cut meanwhile to soften the economic hit from coronavirus. it may not be an easy road to get there, however, this as executives from big banks and big tech companies are to meet in the white house today. meeting with the president at the white house. you might be getting more time to file your taxes, new crisis warning, european central bank presidencies tin laggard said we could see something similar to 2008. urging coordinated action by european leaders ahead of center for disease control and prevention said eur