ashley: very underwhelming for the market a lot is built into lawrence's point earlier about the stimulus package not coming through as yet. stuart: the way the market wanted it as yet. ashley: right. stuart: time's up,. david: as man in for kneel. david: if we have to rely on politicians we're in trouble. nearly 1000 coronavirus cases reported here in the u.s. a so-called containment zone is being set up just 20 miles from wall street. jackie deangelis is at the new york stock exchange with the very latest. hi, jackie. reporter: good afternoon to, you neil, sorry, david. david: that's all right. reporter: we're just around session lows where the market is

trading here. what is really interesting is the sentiment on the floor, right? i've been coming down here for the last three weeks. we've seen very, very extreme swings daily and traders right now are basically desensitized to what they're hearing and what they're seeing and these big movements in the market. it is not to say they're not worried about it, and they're not worried what will come out of wall street. the question, and the point they make to me, this virus needs to get to the point where it peaks and starts to trail off. that is where the markets calm down. not until then will we see volatility subside a little bit. you see the market selling off 1000 points today. the point made in the previous show. there was a lot of hope yesterday that washington would come up with some sort of a stimulus solution. right now, folks are kind of scratching their heads, wondering whatever they come up with, if it will be enough. we're watching the dow down 1052 right now. the the biggest dow drag is

bowing. that is not a particular surprise when you look at that stock. you have a lot of laggards across the board own the nasdaq as well. it is anything related to travel. so travel stocks, expedia, marriott, hotels, booking services, you name it. also the airlines, more travel restrictions going into place. you had american and delta yesterday saying they were going to start cutting some of their capacity all in response to worries about the coronavirus. finally i want to lead you into financials taking a big hit. as bank chiefs are getting set to go to washington, talk about some issues on their plate right now but those are getting hammered across the board as well. david? david: jackie, thank you very much much. appreciate it. concerts, rallies, even whole college semesters are being canceled over fears of the coronavirus. susan li with all the details. hi, susan. susan: more than 1000 cases in the u.s., deaths past 32. the spread and spread is

concerning. cases have gone up eight fold in the past month. we heard from steve mnuchin, treasury secretary set to testify on capitol hill comparing coronavirus to the aftermath of 9/11. that is not exactly comforting news to the markets. we have employees staying home and colleges closing for the rest of the semester. harvard told all students to leave the campus by sunday this week. don't come back from spring break. harvard adds to long growing list of big educational campuses we'll go on-line instead for the rest of the semester. that includes nyu. we look at georgetown, mit, duke, harvard and the like. you see there. usc. some names are big colleges that says we'll do classes online and until exams. we won't see you in person. now also fordham by the way i should mention four students, three faculty members currently under quarantine. a long list of events canceled. new york half-marathon being canceled for this year.

also st. paddy's day parades are being canceled in boston, chicago, possibly here in new york. we know dublin canceled their st. paddy's day parade. big auto show in new york has been called off for the year. what about the big money makers? south by southwest has been canceled. that brings hundreds of thousands to austin. millions of dollars of revenue to the town and city. coachella postponing and confirming they will postpone the two weekends to october instead. just this morning we heard from amazon, saying its cloud division, amazon web services postponed and called off their april summit in san francisco. a lot of businesses are being impacted here. we hear from deutsche bank as well, david, 15 million u.s. jobs might be at risk because of the outbreak and because of the fallout, economic fallout from coronavirus. back to you. david: susan to pick up on the 9/11, a lot of people looks like economically what happened after

9/11. we recovered much more quickly than the pessimists said we would after 9/11. frankly it hasn't come anywhere near it in terms of the number of deaths, it is amazing how strongly this economy can make a comeback once we have a crisis like this. susan: government helped too. david: we've seen it before. as long as those guys in washington can come together. let's hope they do. susan, thank you. a busy day at the white house, meetings with tech leaders. vice president mike pence meeting shortly with hospital leaders. president trump set to meet with wall street executives as blake burman mentioned. blake, the latest detail is that things are not going too well for a stimulus plan, are they? reporter: there is doubts, and republican doubts even david, up on capitol hill whether the estimate -- stimulus plan can pass. biggest names are talking to the president and vice president. members of the economic team as

the trump administration pushes for stimulus measures. heads of major banks will be here 3:00, roosevelt room, citibank, jpmorgan, wells fargo, head of suntrust and bb&t. as trump administration continues to hammer out the economic response to the coronavirus, one of the measures looking at is the delaying the april 15th tax deadline. testifying up on capitol hill this morning, treasury secretary steve mnuchin talked up the possibilities of delaying uncle sam's pay day for individuals and went well beyond that as well. listen. >> for small and medium-sized businesses, for hard-working individuals, we are going to recommend to the president that we delay, we allow the delay and that they don't have to pay interest or penalty on that. that will have the impact of putting over $200 billion back into the economy and that will

create a very big stimulus. that will be very good for the individuals. it will be very good for the economy. reporter: up on capitol hill as well today a new stark reminder how the coronavirus could be a challenge for many, many months ahead. dr. anthony fauci testifying that this very well could be just the beginning. >> is the worse yet to come, dr. fauci? >> yes it is. how much worse we'll get will depend on our ability to do two things, to contain the influx of people who are infected coming from the outside and the ability to contain and mitigate within our own country. bottom line, it is going to get worse. reporter: david, the administration and the president have talked up the possibility of a payroll tax cut but just a little while ago steny hoyer, one of the top democrats in the house don't feel there is a need for payroll tax cut. tax policy originates in the house. so democrats and republicans are going to have to try to hash out

something at some point here. back to that bank meeting by the way, 3:00 in the afternoon, final hour of trading, you see what is happening right there at the corner of wall and broad. that meeting david at this point, is still closed to the press. which of means we might not get headlines from it. however, of course, if they open it up, then we will see the discussion play out between the president and the bank execs. tbd on that. >> we were talking, blake, to susan, how quickly we recovered after 9/11. but that was a time when republicans and democrats put aside their differences and cared about the country itself, instead of trying to make political points. it seem as lot of political points still trying to be made in the houses of congress, right? reporter: there is definitely, you can hear some tones of politics when these members of congress are going back and forth. i was watching anthony fauci hearing and you could definitely hear some of it, though i would mention, david, that the negotiations for the stimulus package are being run by

nancy pelosi, house speaker, steve mnuchin, the treasury secretary. those two do have a good relationship. just look how the usmca turned out. look how they were able to get a spending deal done. so there is some hope. david: a little glimmer of hope from washington. blake, appreciate it. president trump meeting with wall street executives as blake told us later this afternoon on the impact off the virus. to investment banker carol roth how we can get the economy on track. carol, i would divide the two stimulus plans in two parts. one you have democrats want the government to spend more money on a lot of things. then you have the trump administration, to do more to incentivize the private sector and private individuals to give them a chance to get back on their feet. do i have it right? >> i think you do. you and i are both small government people. we need to lean on the private sector as much as possible. we know trump's having this

meeting today. if you are a publicly-traded company, you need to implore investors saying we are going to keep people on the payroll. this is a one-time blip. yes we may take a hit to earnings today you about we need to you have that long-term view and bear with us, because we want to keep people back at work. that so going to pan out for you. it will pan out for the economy. so i think that works on the private side. on the white house side though, i do like what mnuchin is talking about in terms of the extending the tax deadline. david: i do, too. >> we want to give people refunds if they have a refund coming as quickly as possible. but if you owe money as an individual or a business, and i'm going to extend it and suggest they also defer estimates for april and for june, because that is really going toe help small business owners with their cash flow. david: yeah. >> if they can extend those without having penalties i think that is an easy thing to do that shouldn't cause too. of a kerfuffle between the two parties. david: right.

i think that could probably be done. i may be wrong on this, but the irs may be able to do that on their own. the administration, there is a lot the administration could do without worry about congress. we saw it with regard to insurance companies canning payment, co-pays for testing. democrats wanted to provide freebies from the government for that. but the president leaned on the insurance companies and they came up, they came up, said we'll do it. we'll end co-pays for testing. >> amazing when we can have the government and the private sector partner together. i think that is what we need to see more of, leadership from government to say, hey, private sector, we need to you step up in this moment and companies i believe are willing to do it. but like you said, if we can avoid going to congress and maybe make some of these deferrals directly with the irs, i think that would be a huge boon for the economy and allow people to keep their jobs. david: what amazes me, is how a

lot of people in the media and a lot of democrats discount the roll of the private sector. "the new york times" editorialized yesterday, saying this is not the time to incentivize the private sector. they said that the time to stimulate the economy, i'm quoting them, is after the danger is under control. that is after we're under water. we should worry about saving ourselves. i don't get that logic, do you? >> these are the same people see us over and over again trying to tell us one plus one equals three organizing economy. people in the press are not ones you want to listen to. david: no. >> if we keep people from losing their jobs, that will help sustain the economy and that is going to be good foreeverybody in america. david: carol roth, always a pleasure to talk to you. you have great common sense. we love it. will a payroll tax cut work? "wall street journal" assistant editor, james freeman. first of all, james, it may not

come to the table. democrats are saying nix on it. even some republicans don't like the idea. what do you think about it? >> first you would like government to do no harm. that is at all levels. you hope they are not overrhee acting in any way that isn't sound and medically based. you don't want to see whole industries shut down unless it is absolutely necessary. i would worry honestly more people out of work in the hospitality and travel industries. if you're on a payroll, you're not probably in a dire circumstance. i think the federal response should be focused on encouraging incentives for creation of vaccines and distribution. they have gone under fda approval that is under the law in these kind of situations. maybe you go further. it someone in mid '80s, gets there, already have preexisting conditions you would think

they're ready to take a risk on something early in the stage. david: to put a fine point on it, that means you are not for a payroll tax cut right now? you would do other things first. >> i don't think that kind of tax cut gives you anything in terms of growth incentives. doing no harm and allowing people to create the medicine, antitrust waiver for people in this industry so they collaborate to try to get a cure? david: i want to talk about collaboration. there is some colab race going on but there is a lot of grandstanding going on. i first want to start with the grandstands. senator schumer talking about the job the president is doing handling the virus. let's play that tape. >> we are very worried about the president's incompetence and lack of focus on fighting the spread of coronavirus. we believe that his lack of focus is hamstringing efforts to address this public crisis and inflicting pain on the stock

market. one word could describe thus far the administration's response, incompetence. david: incompetence and inflicting pain. not all democrats take that line. let's play governor newsom. he is a democrat. he has been very critical of donald trump in the past. here is what he said about trump's role in california? >> we had a very long conversation and every single thing he said, they followed through on. so i'm just not interested in finding daylight on those statements because every single thing his administration, and it starts at the top, including the vice president has been consistent. david: governor made schumer look very petty. >> no one would accuse gavin newsom, not being a liberal, liberal democrat and he had his share of partisan moments but it does kind of expose the immediate condemnation from schumer, this sort of as a

reminder of during the supreme court courts where it is who is named in the seat. will get schumer press release condeming them. you will a similar phenomenon. david: coming into election, do you think democrats trying to defeat president trump would get more mileage taking new some tact than schumer tack. it seems so petty. >> would think there would be more of the newsome spirit. it is coming from the trump spirit of cooperation. i don't think gavin newsom would have a bias sending that kind of message. you see a man generally impressed and grateful for the immediate assistance he got when he contacted president. david: i'm grateful for "the wall street journal" editorial page which you are a part of which provides us great information what is happening with the virus. i would encourage everybody to read that daily, just to get the

most truthful sound bites what is happening with the virus. james freeman, appreciate it. the pressure is rising on bernie sanders. he is making a statement at 1:00 p.m. eastern time. less than an hour from now. we're all over it. billionaire oil tycoon harold ham is here. with oil prices falling, will we soon see cheaper gas prices? don't miss "bulls & bears" at 5:00 p.m. eastern. we'll break down the markets and much, much more. that is 5:00 p.m. it all starts with an invitation. to feel connected. the invitation to lexus sales event now through march 31st. lease the 2020 es350 for $379 a month for 36 months and we'll make your first months payment. experience amazing at your lexus dealer. it's an honor to tell you that [ applause ] thank you. liberty mutual customizes your car insurance

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[cheering] david: joe biden extending his delegate lead over bernie sanders with big wins last night, taking over michigan and edging closer to the democrat nomination. we'll hear from bernie sanders by the way, in his hometown of burlington, vermont. deirdre bolton where the delegate count stands. reporter: tuesday was a very big night for joe biden. he is leading president sanders, if the current pattern sustains it makes former vp more likely to take the democratic nomination. look at the board. biden as far as the delegate count goes is outweighing sanders. he won michigan, idaho, missouri, mississippi. arguably michigan the most important for two reasons. it has the most delegates at stake, 125 of them. the second reason that senator sanders beat hillary clinton in the last primary in michigan.

by a small margin and he did. either sanders support is slipping in the midwest, or during the last round, to say the last primary a lot of votes he got were more anti-hillary votes more than pro-sanders votes. now by the end of march, about 2/3 of the delegates for this contest will have been awarded. here is the count, the face-off between the former vp and senator sanders. we are focused as well on next tuesday. there is the races. four states. you will have 577 more delegates up for grabs. florida, illinois, ohio, arizona, florida as we know super important. it is largest purple state and from the last three elections, have i feel like in one way or another everything comes down to florida. reminder, of course, you don't need reminding, david, a candidate needs 1991 delegates to get the nomination. back to you. david: i always need reminders, deirdre. thank you very much. the pressure is on for bernie sanders.

we're awaiting his statement at 1:00 p.m. eastern. that is about half hour from now as to whether he still has a path forward and what he will say about that. to "real clear politics" white house correspondent phil wegmann. phil, when i heard he would be making a statement from his hometown or at least burlington, vermont, his political hometown i should say, because he is originally from new york, that made me think maybe he is calling it quits. too early to say but what do you think? >> it is certainly too early to say but remember, that last night bernie sanders did not address his supporters or his staff. instead he went home and then he went radio silent because it was such a bad night. his team spent big and spent a lot of time in michigan because they were hoping for a repeat of 2016 where they turned their campaign around. obviously that did not happen. so when you're looking at math like you were just a second ago, it becomes increasingly difficult to see how he rides march out and actually gets closer to the nomination. david: forgive me, i want to alert our viewers, what we're

seeing of course is the podium where you're going to see bernie sanders in just about a half hour. it is his political hometown of burlington, vermont. he was mayor there. that is where he got his political teeth, political chops if you will. if he does leave, looks like the delegate count is leaning that direction even if he doesn't do it immediately, phil, what mark has he left on the democratic party? even somebody considered a moderate like joe biden, he has been pushed very far left by bernie, hasn't he? >> what is interesting about the entire primary race we've been seeing describing joe biden as moderate but only in comparison to the rest of the field. what happened, bernie sanders remade the modern democratic party in his image. that is going to be his legacy here. things too radical in 2016, "medicare for all," free college, 15-dollars minimum wage, those things have been adopted or pushed more centrist

moderate folks in the democratic party to the left to compete. david: yeah. >> for instance, joe biden came out in opposition to fracking, something that could really hurt him in a general election in pennsylvania, he did that because he was pushed further and further to the left. that is the legacy. david: only time for one more fracking, voters, bernie voters of course in 2016 they were really ticked off at what they thought was some unfair playing that led to hillary getting the nomination. will they stay home this time, or is biden going to be able to bring them in to his fold? >> that is what the dnc is worrying about right you no. when i was in iowa and south carolina i asked that question to every bernie sanders voter that i talked to. the older bernie sanders voters, older millenials and up, they still remember 2016. they're still angry about it. there is possibility they might stay home, but younger bernie sanders fans, they're more focused on electability. they will turn out for whoever

wins the nomination. david: we don't know exactly what he is going to say but bernie sanders is going to be speaking just about 30 minutes from now from his, his hometown of burlington, vermont. everything is set up. we will cover that for you live. phil wegmann, thank you so much. appreciate you rolling with breaking news here. trump administration floating stimulus ideas but can the white house get congress on board? we'll go live to capitol hill after this. ♪

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david: as u.s. coronavirus cases mount, washington, d.c. is debating next steps to increase the economy. kevin brady meeting with white house officials today. edward lawrence live on capitol hill with the very latest. hi, edward? reporter: hey, david. in addition to that a senior democratic aide says the stimulus bill on the house side is introduced today and voted on tomorrow. steny hoyer, house majority leader says, they're writing it right now. on point, treasury secretary steve mnuchin is the one who is talking for the administration as well as for republicans. owe said this will just be round one. it will not have everything that the republicans want inside of it. one sticking point, the tax relief, payroll tax relief they would like to see. the president would like to have that for employees and employers through the end. year. democrats say this is not election issue. so that a nonstarter.

senator john thune still hopeful it eventually can be included. >> the fact that the democrats in the house are not crazy about a payroll tax cut is a point of negotiation but in the end it is something the president wants to see happen. if you're going to get a deal, i suspect at some point, you know, you're going to have to meet the president at least part way on that. reporter: mnuchin testifying this morning that the president is looking at paid sick leave. the federal government would pay companies who would pay hourly workers and others affected by the coronavirus. the administration plans to help specific industry affected by virus. the president can do this without congressional approval, offering government-backed loans to keep companies afloat. also deferring tax payments for some americans and businesses, moving that april 15th tax deadline. >> we are looking at providing substantial relief to certain taxpayers and small businesses, who will be able to get extensions on their taxes and we

think we can provide over $200 billion of liquidity into the economy by delaying certain tax payments. reporter: now again, mnuchin saying this is just round one of this stimulus package t does not have everything republicans want in it. this could be agreed upon quickly. it could be seen as house democrats daring the administration to push back against this bill. back to you, david. david: edward, thank you very much. the dow sinking almost 4%. 1000 point loss on the dow. we're awaiting a statement by the way from bernie sanders. he is in his hometown of burlington, vermont. should happen in half hour, a little less than that. to charlie gasparino now in studio. i'm looking at an email you sent out at 10:28. this is speculation, a lot of talk in joe biden's camp bernie sanders drops out before the debate. looks like your prediction is coming true. >> it was not my reporting. it was my producer lydia

moynihan reporting. i'm sure talking heads last said he would have to drop out last night. i'm telling you nobody reported they were hearing it, it was coming down. we don't know exactly what that will do. david: looks like from the hometown. we'll know soon enough. the numbers are not there for him. >> you can't only get it through sources. you can't get it through speculation. there is tremendous pressure on sanders as there was on mike bloomberg on super tuesday. as there was on elizabeth warren. tremendous pressure on him to basically say, listen, your only, the line is this, he is getting it, might even be getting it pro president obama. i don't know that, i know he was really worried that the party wasn't coming together. only thing you can do is hurt us. you can't win. and you really want to be the man responsible for reelecting donald trump? david: he can add the numbers up at the delegate count right now.

he did badly last night. of course on super tuesday. the question is, the guy had a heart attack not too long ago. he must be tired? >> the other theory it is not just that. his theory going into it was to beat up on biden in the debate and, you know roll the dice going forward. i think what they came to him, said, listen, you can beat up on biden all you want. you will be persona non-grata in the party. david: they're giving a count, suggesting it would be a half hour from now. >> right. david: i will reveal something. you will kill me for this afterwards. you got a phone call when you came on from a friend in the banking industry. you said i got some good news for you, bernie may be dropping out. i heard this yell of excitement bit. might that have, if he does bow out, might that have an effect on the market right now? >> i think it is a net positive for the market. i think market now is trading on such fear and uncertainty about

the future. you know, here is some things, one of the reasons why the market is off today, the word out of congress right now this payroll tax is probably not going to fly. that you know, in order for it to fly to the magnitude that the president wants, which is forgiveness of it for the rest of the year and all that, he would have to declare a state of emergency. it is something he does not want to do. because then he is conceding that this is worse than everything he said already. so, you know, this is, this is a very tricky political situation. the democrats will probably say, we'll agree to a small payroll tax cut, maybe. we want unemployment insurance extended. we want some paid sick leave, whatever. so things in their wheelhouse which i think they will ask for, for a small cut in the payroll tax cut. in the end it will not make much difference. this market is trading off two

things t was all-time highs. we have had 30% corrections in secular bull markets t was due for a correction given what was going on with trade, corporate earnings. then you have the existential threat to life. david: don't forget about oil too. >> and oil. by the way is related to coronavirus because you have a slowdown. david: but saudis and russians getting together to drive down prices to where u.s. producers will be driven out of business. >> markets call it black swans and they happen. market participants look at shares of netflix, amazon, as gaff half full, glass half empty, not half glass full. david: let me ask producers, put the sixth avenue shot online for us. we talk about what is happening with producers, you know, how we could incentivize producers in the economy but there is the demand side. and when you look at sixth avenue, any major thorough

fare, any major city in the u.s., you will see it at levels you don't usually see unless vacation is going on. this is sixth avenue, manhattan, midweek, in manhattan, usually don't see this. usually massive traffic. >> this is all anecdotal. i have friends sending pictures of gyms in florida basically empty. there will be economic impact. david: payroll tax cut would deal with demand. we get people, people with more money in their pocket. they may spend it. >> at the margin. you may do grubhub. i would say this, i told everybody this early. when the dow was at 28,000, taking not, selling all your portfolio. taking a little profit, especially if you ran it up, man, if you were in this obama years, and particularly in this since trump took over, make a few bucks. keep a cash cushion of 30% cash. guess what, when this thing gets cheap enough, like warren

buffett. david: other thing mention about the economy. how quickly it comes back from this, particularly the demand side. >> snap. david: it can snap right back. we remember after 9/11 everybody said it would be years before we came back. it didn't take that long. >> one issue the president has to deal with, whether it lasts it creates a permanent impression how he is dealing wit or the economy. people start making up their minds where they don't really change about the economy sometime in, they have done studies on this sometime in the summer. he has to hope for the snap to occur before the summer i think. david: charlie gasparino, a lot of good information. thank you, charlie. world health organization says coronavirus can be characterized as pandemic. that is crossing the wires. stay tuned. ♪ an annuity helps cover your essential monthly expenses, so you're free to live the life you want. find out how an annuity can give you lifetime income at protectedincome.org

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4 and 3/4 of a percent down. it might make it there in next couple minutes. it is not good on wall street. and on the right-hand side of your screen, some political news that may affect the markets. bernie sanders is expected to speak in just moments, probably about 15 minutes from now, from burlington, vermont. that is his hometown. that's significant, usually when somebody goes home to make announcement after the debacle of the past couple primaries have been for him and his campaign, that might mean a good-bye speech. we're covering both of these stories and we'll stay on it. mean while, did you see this? joe biden lashing out at an auto worker in detroit over the second amendment. take a look.

david: that particular hard-hat worker responding on "fox & friends" this morning. watch. >> cohave easily said, i'm not taking questions and i would have very relech fully walked away. he wanted to listen to my question. i don't think he was ready for it. i asked him how he wants to get the vote of the working man when a lot of us wield arms. we bear arms and we like to do that and if he wants to give us work and take our guns i don't see how he will get the same vote. david: bring in federalist senior editor, chris bedford. good to see you, chris. i wonder if biden is losing the blue-collar support. what do you think? >> absolutely. this is not a good show. joe biden as consistently lost his temper recently. the a some level we have

politician we like, has bravado, plays well on east coast and not in the midwest. this wasn't that. what seems like a respectful question, all reports since indicate ad respectful question, to get angry, let's go outside, start cursing. cursing is okay. you're on a factory floor, but that doesn't, it doesn't look like a politician is really is in control. david: right. you have the trump factor. the fact, that by the way after the confrontation, some of the workers were chanting trump. some were chanting dump trump. a lot of union workers support some of the stuff donald trump has done as president, including getting tough on trade, doing things to bring companies back home, bringing manufacturing back home. also, the job situation has raised blue-collar workers salaries. more percentagewise than people at the top? >> donald trump taken a lot what the democrats and old left used to stand for on trade, bringing

back manufacturing, working with the unions, while exact same time, "green new deal" people, variety alists pushed a lot of union and manufacturing out of the democratic party to make way for an environmentalist agenda that has no room for the working man. that is not a good place. that is where the democratic party speaks more toward elites and donald trump is speaking to the base they used to have. david: blue-collar workers are not socialists. they prefer to be in heavily unionized environment perhaps but not a socialist one and that's why bernie was not hitting the right tones for a lot of people in the blue-collar. we're not sure whether he is going to bow out in ten minutes when he speaks from burlington. what do you think will happen in that speech? >> bernie sanders i think, one part here has lost a lot of union support he had for the first run how much he played with racial politics, that do not play well in states like michigan with rural white voters. we have no clear indication, as

you point out going back home to his adopted hometown leads one to think he might actually concede, but reports are starting to come out now on twitter that are not sourced, haven't spoken to that person, saying he intends to debate on sunday. we heard that at last minute from elizabeth warren's campaign as well. we'll have to wait and see. david: we'll have to wait and see. even if he doesn't leave or does it in the next ten minutes, no way he can get back in the delegate count what happens to his supporters? this is something i have been asking a lot of people. they have been so knee-jerk against the democrat establishment, partly because of what happened in 2016, but partly because of what is happening now. >> seems like this would very much damage the party, very much damage their ability to take on donald trump at least in the short term. the democratic establishment, a lot of superdelegates made the calculation they would rather go with joe biden, who is clearly not on top of his game which is why he was dropped in the first

place, go with him rather than allow a socialist to take over the party and willing to protect losses down ballot. i don't think bernie sanders supporters at least a good amount of them are willing to show up for joe biden. david: chris bedford. thanks for joining us, appreciate it. as coronavirus cases pass 1000 in the u.s., schools are looking to put an end to the vice russ advancement. an inside look what a virtual classroom is really like right after this. 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. the only truck that can compare to a silverado is another silverado. truck month is the right time to get behind the wheel of the chevy silverado. now, get 0% financing for 72 months plus $500 dollars cash allowance on all silverado 1500 crew cab pickups. find new roads at your local chevy dealer.

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david: increasing number of schools are instituting remote virtual classrooms as coronavirus begins to spread across campuses. lauren simonetti has more. this already started but being ramped up. >> new york city suburb of new rochelle you see the national pa guard there. three of their public schools are closes and closed for two weeks. 6,000 students all of sudden, hey, let's learn remotely. how does that happen in elementary, middle school, high school. you likely have a smartphone and handing in assignments by email anyway? i spoken to school districts across the country. they want to do some sort of questionnaire for parents at home and teachers. what ask your accessibility at

home? do you have a laptop? we'll provide a chrome book for instance, if you need. is there wi-fi you can hook up to. as mom and dad is working from home on one computer, are there enough computers for the rest of the kids? this is big question mark for all the schools. for a younger kids, a lot of my friends have been told, throw away school supplies. schools are open, but all new school supplies. they're worried of spreading germs. david: oh, my goodness. >> looking at colleges, many colleges, classes are closed. they're coming on spring break. they say we can't monitor where you go on spring break. we might do remote learning post-spring break. a list of some colleges that are closed. however, there were riots at the university of dayton in ohio overnight. the police had to go in to break them up, because the school said at 6:00 p.m. tonight you have to go home. not to your dorm, home, home, to your parents house. how remote learning for two weeks there. maybe even after spring break.

david: wow. >> the dorms being closed this is a crash course in how the classroom and the cloud would operate. david: there is another problem here, a lot of people, particularly single parents, schools are used as form of stay care. >> absolutely. david: for the parents who are working if the kids go home, a lot of parents don't want kids to be home alone. >> the other thing is, new york city, what they're saying, if we have instance of coronavirus. give us 24 hours we'll disinfect the school, we'll assess the situation. even if kids do stay home, how do you know for sure they recongregate somewhere else and spreading germs outside? it is a major issue. seattle, north shore, the school district they have been working on this for a long time and their schools are shut in this district. they're actually using what they have been working on, this idea of the classroom in the cloud, where you ever a digital profile. every student has this they work with the teacher how to build

your presence online. how to ininteract online. david: right. >> and coronavirus is enabling them to put those ideas into action a lot sooner. david: yeah. >> so the future is happening now because of the virus. david: i think more in college-level but high school and elementary where you hopefully learn some social skills you're not going to get that online. >> nope were getting more isolated. >> while this oil war is looking less like a price war between russia and china and more of a concerted effort by both countries to wipe out u.s. shale production. we have the oil tycoon on that and a lot more, coming up. removed with soap and water a crucial innovation for telling the difference between fans and lunatics

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wow, do you think you overdid it maybe? overdid what? well planned, well invested, well protected. voya. be confident to and through retirement. welcome back. i'm david in for neil cavuto. we are awaiting a statement from senator bernie sanders. you can see the set up in his hometown of burlington vermont. some people read into that that this may be a swansong but maybe not. we will see and cover it live for you. and meanwhile another wild day on wall street. bear market territory as the world health organization declared it a pandemic. oil prices falling as a flood of saudi and russian oil crush and prices and devastating producers, many who mark losing at these levels. two executive chairman and billionaire oil tycoon,

harold, great to see you here. let me first ask, yesterday the news, well here's bernie sanders. will come back to you. >> i want to create a rate what i have said from day one of this campaign and that is, that donald trump is the most dangerous president in the modern history of our country and he must be defeated. tragically, we have a president today who is a pathological liar and was running a corrupt administration. he clearly does not understand the constitution of the united states and thanks that he is a president who is above the law. in my view, he is a racist, sexist, a homophobe, a xenophobe and a religious bigot. he must be defeated and i will do everything in my power to make that happen.

last night, obviously, was not a good night for our campaign from a delegate point of view. we lost in the largest state up for grabs yesterday, the state of michigan. we lost in mississippi, missouri and idaho. on the other hand, we won in north dakota and we lead the vote count in the state of washington, the second largest state contested yesterday with 67% of the votes having been counted we are a few thousand votes on top. what became even more apparent yesterday is that while we are currently losing the delegate count, approximately 800 delegates for joe biden and 660 for us, we are strongly winning into enormously important areas which will

determine the future of our country. poll after poll, including exit polls show that a strong majority of the american people support our progressive agenda. the american people are deeply concerned about the grotesque level of income and wealth inequality in this country and the american people want the wealthy and profitable corporations to start paying their fair share of taxes. there is overwhelming support for that. the american people understand that the federal minimum wage of 725. hour is a starvation wage. they want to rea raise the minimum wage to a living wage of at least $15. hour and the american people understand that if our kids are going to make it into the middle class of this country we must make public colleges and universities and trade

schools tuition free. the american people understand that we cannot continue a cruel and dysfunctional healthcare system and it's amazing to me to it see that even in conservative spacelike mississippi there is an overwhelming understanding that we are now spending twice as much. capita on healthcare as the people of any other country while 87 million of us remain uninsured or underinsured. in this crisis, this absurd healthcare system is becoming more and more obvious to the american people as we face the challenge of the coronavirus pandemic that we are currently experiencing. imagine facing a pandemic and having 87 million people who are having a difficult time going to a doctor when they

need, and the american people know, unlike donald trump that climate change is an existential threat to our country and the planet and we need to transform our energy system away from fossil fuel to energy efficiency and sustainable energy. the american people also know that we need fundamental transformation of a broken and racist criminal justice system as well as a cruel immigration system that keeps millions of people living in fear. but it is not just the ideological debate that our progressive movement is winning. we are winning the generational debate. while joe biden continues to do very well with older americans, especially those people over 65, our campaign continues to win the vast

majority of the votes of younger people. and i am talking about people, not just in their 20s but in their 30s and their 40s. the younger generations of this country continue in very strong numbers to support our campaign. today i say to the democratic establishment, in order to win in the future, you need to win the voters who represent the future of our country, and you must speak to the issues of concern to them. you cannot simply be satisfied by winning the votes of people who are older. while our campaign has won the ideological debate, we are losing the debate over electability. i cannot tell you how many

people our campaign has spoken to who has said, and i quote, i like what your campaign stands for, i agree with what your campaign stands for, but i'm going to vote for joe biden because i think joe is the best candidate to defeat donald trump. we have heard that statement all over this country. needless to say, i strongly disagree with that assertion, but that is what millions of democrats and independents today believe. on sunday i look forward to the debate in arizona with my friend joe biden. let me be very frank as to the questions i will be asking joe. joe, what are you going to do for the 500,000 people if they

go bankrupt because of medically related debt, and what are you going to do for the working people of this country and small business people who are paying on average 20% of their incomes for healthcare. what are you going to do to end the absurdity of the united states of america being the only major country on earth where healthcare is not a human right. are you really going to veto a medicare for all bill if it is passed in congress? joe, how are you going to respond to the scientists who tell us we have seven or eight years remaining to transform our energy system before irreparable harm takes place to this planet because of the ravages of climate change. joe, at a time when most young people need higher education

to make it into the middle class, what are you going to do to make sure that all of our people can go to college or trade school regardless of their income, and what are you going to do about the millions of people who are struggling with outrageous levels of student debt? joe, at a time when we have more people in jail then communist china, a nation four times our size, what are you going to do to end mass incarceration in our criminal justice system and what are you going to do to end the tear that millions of undocumented people experience right now because of our broken and inhumane immigration system? joe, what are you going to do about the fact that we have the highest rate of childhood poverty of almost any major country on earth and are living with the fact that

500,000 people tonight are homeless and 18 million families are spending half of their income to put a roof over their head. joe, importantly, what are you going to do to end the absurdity of billionaires buying elections in the three wealthiest people in america owning more wealth than the bottom half of our people. let me conclude the way i began. donald trump must be defeated and i will do everything in my power to make that happen. on sunday night, in the first one-on-one debate of this campaign, the american people will have the opportunity to see which candidate is best positioned to accomplish that goal. thank you all very much. >> wow. everybody got it wrong on that one.

the bottom line is a lot of people thought because he was speaking from his hometown, because of the terrible job that his campaign did last night, and of course super tuesday when the cascade began to fall on bernie's campaign that perhaps this was going to be a swansong, not so, the man is down but not out. he plans to go to the debate sunday. in fact we are getting word that right after he's wrapping up in burlington he will fly down to new york city for an appearance on jimmy fallon tonight show. once again bernie sanders. [inaudible] stunning people, particularly in the joe biden camp who were anxious to get this over. we had a lot of people who said it was time to call this quits but bernie sanders is not calling it quits. he thanks what he is fighting for is significant enough for him to stay in the race to

continue to push that party toward his view of the world from a democrat socialist perspective. let's bring in a panel. we still have harold hammon. forgive me. we will get you in just a moment but we want to get our panel in on the political side of this and then we will go to you. chris hogan is with us from everyday millionaires. gibbs wealth management president aaron gibbs and former advisor danielle martino booth. danielle, let me start with you. a lot of people were saying as he was talking, we were realizing he is going to stay in that maybe this is payback for 2016. this guy is not to go without a fight. >> apparently not. i think right now the stock market is trying to contend with so many levels and layers of uncertainty that there might have been a little sigh of relief if we were able to remove one level of uncertainty, but that is certainly not happened and you may have noticed that from the time bernie sanders started to speak until now we actually had yet another leg down in trading in the stock market.

david: indeed. aaron, the fact is you look at the delegate count and you just realize it's an almost impossible dream. however, there are impossible comebacks in politics and this might happen. just a slim possibility of a comeback by bernie sanders to take over the nomination is sending the market down as danielle said. >> yes, i think any chance that bernie might still be winning in the race is clearly going to be negative for most investors. most investors, while joe biden may not be a positive, he's definitely a neutral at least from the business corporation where bernie is a negative. at least if we could eliminate one more negative because it's not like we don't have enough negatives in their, that might reinsure investors. even his speech just now was incredibly negative. there wasn't really a lot of positive, it's sort of like i can make the economy recover,

were facing this crisis, i think that's just what we don't want right now. david: chris, it does force biden, he was gonna make a pipit if bernie got out he was gonna make a pivot to the center. he can't do that now. he can't do it until bernie leaves. >> no. he sure can't. what bernie just did is stir the pot. he put more issues at joe and really put joe in a corner so realistically now it will be interesting to see how joe responds. i just want to call on everyone out there and say this is a lot of chitchat. we have to stay in control of what we can control. that's our attitudes, actions and behaviors. >> we will come back to the panel in just a minute. we don't want to spend any more time away from our future guest. continental resource founder and executive chairman and billionaire oil tycoon harold hamm, thank you for staying with us. i'm sure you can understand why we had a breakaway for that news. bernie pounded off a number of questions he would be asking on the debate on sunday of joe

biden. one question i would ask bernie with regard to your industry, bernie, what are you going to do for the 6 million americans who work in the oil and gas industry. how do you think you would answer that? >> i don't know. he's been very cool about our industry and he hadn't cared enough to get involved and find out about our industry and all the good things it has done for america and so many people so certainly that would be a good question. >> even joe biden, because he has been pushed to the left by bernie being in their and liz worden, had said, he made comments about the oil and gas industry that indicate if he became president it wouldn't be the best of things for that industry. >> he's made comments about subtleties to our industry and let me tell you, there are no

subsidies for oil and gas. he's just totally wrong about that, but he certainly is more moderate than bernie that wants to stop all the good things that's happened with oil and gas. >> let me talk for a moment about what were looking at on the screen. oil is down again today after it recovered a bit yesterday. the scenario was, or at least the narrative in the media was that this was a price war between russia and china. it's looking more to a lot of folks, including myself, that this, rather than a war between russia and the saudi arabians, both the saudi's and the russians trying to undo u.s. oil and gas producers. am i wrong on that? >> that's exactly right. that's what's happened, particularly the saudi's are teaming up with the russians basically in response,

basically to a flood the market and attack u.s. producers. we have lived through this before. were not going to spend so much time again sitting on the sidelines. absolutely, i just got off the phone with our board of directors and the natural energy producers alliance and we've taken action basically to pass a resolution and start an investigation. this is illegal what they're doing so working a start an investigation, an antidumping claim against both those countries and maybe others but

certainly right now, it's not legal for them to do that. we know their intent. they were basically intending to harm us. here they are, what's so bad about this is that they are taking advantage of this coronavirus pandemic that is sweeping the world, taking advantage of that basically to focus in on this industry and devastate it, and that's not gonna happen, working to take action on them, were going to investigate that. >> but i gotta ask, it is a game of chicken between saudi arabia, russians in the united states, but how long can u.s. producers last when it's at $33 a barrel. you don't look at the price, you look.

[inaudible] certainly they tried that in 2014, didn't work for them, it broke their sovereign wealth fund, it took 50% a day away from it and it was devastating the country and certainly we all fared through it. it's not good and it hurts the industry, it devastates the suppliers and service companies and people so when i can allow that to happen. david: we only have 30 seconds before your satellite goes down but how long could these producers, some are really operating at a bare minimum right now and they have a lot of debt to pay off. >> well, does it damage the industry? absolutely. they know that and that's why they're taking this action. can we stop them? we certainly can.

we took action against venezuela in 98 and 99 and you see where they're at today. david: harold, thank you so much. we wish we had more time but bernie sanders took some of your time away. thank you for joining us. please come back and see us again. thank you so much. the dow jones newswire chief editor, bernie hall staying in the race. were you as surprised as we were. >> there were out a lot of expectations out there that this might be the time to step back. but so far he still wants to make the case in the next debate of why he's the better candidate for the future of the party. he really stressed that with his appeal among younger voters. david: do you think he is doing this just to try to push the party as far to the left as possible before he gets out? that is he's done the number count, he realized particularly when you look, i just came back from florida, what he had said about cuba just killed it for florida as

far as bernie sanders is concerned so i mean he must realize that his chances are slim to none and yet he does have an influence on pushing joe biden to the left, does he not. >> yes, and we've seen that with some of the positions that biden has taken. mirroring sanders positions but on a more moderate level. like you said his education program, community college but not public college for all. those kinds of nuances so yes. hearing bernie give his speech just now, it's clear he is pushing joe biden with the approach he's going to take at the debate. he was putting biden's team on notice that these are the things you need to stand for if you're going to be the future of the party. he was trying to make that case to the biden camp as much as the american people. david: what you think he cares most about, bernie sanders, in terms of a party platform that will be taken to the convention. >> i think he cares about making it clear the democrats

do stand for the underprivileged and the lower class and making sure that we are taking care of our country. that's their message to voters and to the party and i think that's what sanders is really trying to emphasize. whether that resonates against the messages of the trump campaign is going to be what it's all about and that's the other half, showing who's the better candidate to defeat trump he sort of acknowledged the expectations are as biden but he doesn't want to be counted out. david: i want to bring our panel back in. chris just picking up on that last point, what do you think if there's a particular issue, whether it's climate change or medicare, he's not gonna push joe biden into medicare for all so there's gotta be something other than that.

>> i think he acknowledges he can't push joe, but he is trying to influence and he's almost like a bully, almost pushing and telling him exactly what is going to talk about on sunday so putting joe on notice. i think joe has to make a decision, if i'm in your shoes, what will be my narrative, what's the stance i'm taking. bernie doesn't get to dictate this and i would make sure i make that known. >> even joe biden, now has suggested that he's part of the green plan to the tune of $1.7 trillion. he has a green plan of his own. that will cost him a fortune and we still don't know exactly how that's going to be paid for. maybe some guarantee to bernie that it will be part of the democrat platform. >> i think a lot of these plans were not entirely sure how they would get paid for. i think what bernie was doing was still trying to stay in the news, stay in the headline and keep the messaging from the democratic party along his more leftist mind because otherwise if he drops out his suggestions might completely drop out of the rest of the election so if he's just

caring about having a couple of the issues addressed. >> and then there is the question of what happens now with his supporters. if there had been a transition today, if he had come out with a statement about joe biden and pulling out and suggesting to his supporters that they work for biden in order to defeat donald trump, this is sort of ratcheting up the tension between bernie supporters and biden supporters. right. >> it is, and this is the last, the country is in a state of turmoil right now, and to be a divisive figure which is what bernie sanders is trying to be is truly befuddling. especially because he's actually not exemplified the ability to get out the millennial demographic at the pole. they almost need to take a different approach to get the younger voters in but until we know who will be the nominee i don't think there is a clear pathway to make that clear

where the democratic party can say how are we going to get them incentivized combo. that air of clarity is not yet there. david: just to finish up with you glenn, it was kind of ironic that you had a 78-year-old chiding another 77 or 78-year-old about not having all the young voters. do you think that's a fair point or do you think in fact bernie may be overestimating his support among millennial. >> the data showing that he's overestimating his support. she's done a good job of having that as his face but seeing them show up to the primaries, that didn't happen in a way that got him any wind. i think it's a perennial problem getting younger people to the polls and it doesn't seem to have changed significantly with the tact that bernie has use in the policies he's pushing. >> it had been very difficult for all of the democratic

candidates to criticize this economy because we have a job situation like i've never seen in my lifetime, the stock market had been doing extraordinarily well, everything seemed to be operating according to the trump economic schedule, however now we have the coronavirus and we see the market in this tailspin which is really serious, will democrats now be able to turn this to their favor and say look, somehow pin the coronavirus tail on donald trump as the donkey. that's what they're going to try to do, that's what schumer is already suggested, even though everybody realizes this thing was created in china, not in the u.s. >> we've seen it already and criticizing the president's response and the need to be more aggressive and democrats in the house pushing for more spending than what was asked for by the president so you definitely see the party fighting this as an issue they can take to the polls and different than the economy which they have not yet been

able to leverage. >> just to repeat the news, bernie sanders announced that he is not going out of the race despite very big disappointment at the polls on super tuesday, and of course yesterday in the primaries as well. he will be in the debate on sunday. tonight he will be on jimmy fallon tv show on the tonight show so we will see him more in a relaxed setting but suggesting in very hard terms today that his agenda is not done and that he is not done. we will continue to follow this. meanwhile the coronavirus may be taking a toll on the markets but there still some big deals being made. jackie has the very latest. >> good afternoon. let's go ahead and start with pepsi because there was news that it's buying rockstar energy in a deal of $3.85 billion. pepsi is actually trading lower today but this is indicative of some of the consolidation that we've seen in that state. also want to draw your attention to mcdonald's has

been under a lot of pressure because of the china exposure, but they are rolling out new big backs. a double big. >> and a regular big. the regular is to patties. the little is one patty. that double is for patty's credits $5.49. 720 calories and 43 grams of fat. that's probably not why the stock is trading down 5% but something to keep in mind. final point i want to make is on tesla you had elon musk tweeting scouting locations for the factory will be central usa. we've seen broken promises from elon musk before so everyone is a little wary of this, but if they were in fact doing this it would be a positive in terms of manufacturing the vehicles here, jobs et cetera. i'll give you one note on the market before i go with the world health organization declaring the coronavirus a

pandemic we have traders on the floor pretty somber. this goes along with the theme, they are anxious to flesh this out. and see this virus speak in whatever form it will so the markets can regain some stability. until that happens they are expecting this volatility to continue. >> thank you very much. we are getting breaking news from the state of washington which is banning certain gatherings of over 250 people to slow the coronavirus spread. back with the panel, chris, we are always amazed at the recovery capacity of the united states economy. no matter who is in charge, we saw that happen after 2001, we saw this happen, many viruses we've had in the past some after six months the market ends up much more than it was when it first started to go down. could that happen this time? >> without a doubt.

i fully expect that. we are resilient. we understand the market is a living, breathing thing and right now what we have is a pandemic. we have a situation going on whether were trying to come up with a plan on how to handle it and deal with it but we know were going to come back from this. as you mentioned we've seen it in oh two and oh three with sars and ebola. what i want to do is focus on what we doing to help people and this is not a political situation. this is a people situation. >> well it's not political danielle but we do have an election coming up and people like senator schumer seem to make to want make it into a political situation. >> it really doesn't matter what any politician wants to make of this. i think the point is it spot on that right now, especially what traders want to see and companies want to see, they're not even able to provide forward guidance. i've never seen this in my career. i think what we want to see is for the air to clear and for these millions of tests to be distributed throughout the united states so we can say okay this is what we have on

our hands. saunders just tweeted out that every three days we have a doubling in the united states. that's all we know. we don't know what the endgame is. are we going to get 25000 cases by the end of march? we don't know and this uncertainty is really poisonous for the market and for companies trying to gauge what their earnings outlook is going to be. i think right now we really do need to leave politics out of it and i say that to all political parties and let's get to the bottom of this virus here in the united states first and foremost and take care of our people. >> in terms of the economy, it is first and foremost a demand problem. people just are not out in the streets because they're afraid to be out in the streets. they're not going to stores to buy things so there is a problem but repressed demand, we can get out of that pretty quickly. what concerns me is supply if the factories begin to shut down. companies can't deal with the debts they owe, et cetera. when does this stop the demand

problem from which we can recover relatively quickly and become a supply problem with factories and businesses. >> anything after more than one quarter, particularly because some of the demand won't come back. you may skip taking a vacation this year. you won't go out to dinner five times a week if you don't go out to dinner for a month and that could shut down certain businesses, investment push down from the buying. a lot of the entertainment and experience types of things. so i think now that were looking at potentially a change in our habits for at least three months, if you were to go to italy for example or potentially six months from wall street estimates, it could definitely be more of a u-shaped so i think we really need, trade investors need to know this isn't going to be something sharp like let's say our 2018

dive and bob right back up within three months. this might be more of a six month bottom to top and then come back up for another six months. i do see a recovery period, but i think people need to set their expectations that it could take a little longer and we might have to really change our habits for maybe three or four months until we see a stabilization. >> we'll be right back with our panel. another roller coaster on wall street. much more after this. stay with us. at fidelity, online u.s. stocks and etfs are commission-free. 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

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them. david: down but not out, bernie sanders sticking with his campaign for president despite joe biden extending his delegate lead with big wins on many super tuesday. now the campaigns are shifting their focus to florida where healthcare is a major issue weighing on voters. hillary is on the campaign trail in the sunshine state with details. hillary, bernie is not well-liked in florida because of the statements about fidel castro in cuba, right. >> yes. immigrants definitely have fled to those socialist type of governments are not happy with some of his medicare for all social type policies that he's been pushing. today he admitted he is losing voters over 55 to joe biden. he's losing on electability but he staying in headed to the next round of primaries. the biggest one here in florida with 219 delegates up for grabs and where he also faces an uphill battle selling some of those policies like medicare for all to voters.

>> were old and we need it. >> retirees in the sunshine state are throwing shade on presidential candidate bernie sanders great idea to offer medicare for all. two out of ten people that live in florida are over 65. 8.4million residents receive medicare or medicaid benefits. >> look at that magnificent view. >> and some of those floridians aren't thrilled with the idea of every american being on it. >> you'll never see a doctor. >> you don't want all the old people paying for all the young people who don't need it. >> right now the democratic field is between senator bernie sanders who wants to scrap private plans. >> whether they like it or not we will pass a medicare for all single-payer program. former vice president joe biden who helped build obamacare and wants to add to it instead of get rid of it. >> what we can't afford to do is tear it all down.

>> a release by the nonpartisan kaiser family foundation found 66% of americans support medicare for all but one poll participants were told the government controlled healthcare system could mean delay in care and taxes going up, support dropped to 26%. >> people are scared to lose their healthcare. whether that's the ultimate goal, that's what medicare for all presents most people. we're just gonna tear the whole thing up and start new. right now experts don't know exactly how much medicare for all would cost. studies say it could be as little as $13 trillion or as much as 36 trillion over a decade. some young voters in florida supporting medicare for all don't care about the cost. >> but the calculations go beyond just money. it's jobs to.

an economist at university of massachusetts estimate that medicare for all would put 1.8 million healthcare workers out of work. >> whoever the candidate is who wants to blow up the current insurance system has a disadvantage and i think that will be bernie sanders. >> sanders says he is looking forward to facing joe biden on the debate stage sunday and also convincing the democratic party he's the best person to face president trump in november. >> hillary in miami, thank you very much. now to charles payne making money host and charles were just getting word that san francisco has issued a moratorium on large gatherings of a thousand people or more in order to slow the corona virus. that of course would include golden state warrior game. they've got a couple games coming up which will be directly affected by that and that again means there will be a direct economic impact for some of these moves. >> there will be. of course when you talk about an event like that david, maybe 95% of their money comes

from tv so they can do something like this just like these shows whether it's jeopardy or anyone else that decides to forgo studio audience. the economic impact is not necessarily significant. the bigger test might be here in new york if broadway decides to shut down. their audience is the audience and ironically, last week their attendance was higher. over the weekend and on monday i want to get a chance to look at what happens to these places but our maker break for live audiences. also movie theaters had a normal weekend as well last week. meanwhile it's one of these things where now, a lot of folks on local and state level are di deciding to be preemptive. it does make sense to have these things blossom and we see what happened around the world where you start with the micro attack to try to curtail it in italy and then it spreads to the entire region and to an entire country. so, it's a real difficult task right now and everyone is trying to sort of play it by

ear, but i think now the idea is to get ahead of it and be more drastic and try to containment rather than playing catch-up. >> there something else which i think is about to be unleashed and that's the power of the community spirit of americans. remember after 911 we had a couple weeks where everybody was scared about what was going to happen, whether there would be more attacks in the theaters, broadway then people just began to say dammit, were americans and we will get through this and we will work and we turned around pretty quickly. you think the same could happen again. >> i'm so glad you said that. i went to a supermarket sunday and where i live in jersey is the first county to have this and it was packed. it was a feeling, i won't say solidarity but certainly it wasn't a solemn feeling. it was sort of more of an upward hopeful feeling. i felt great leaving there that day and i think you're one 100% right, this is going to unite us in ways that maybe

we need it more than ever and we even thought we needed it. certainly i think you're onto something. david: and it comes at a good time as you suggested because there's so much animosity between the political parties and just in dinner conversation. i just want to talk about bailouts for second though because on one hand i understand economic stimulus and how important it is when you see were just about at session lows. on the other hand, we don't want bailouts to keep going on and on for too long, right. >> i don't know. i have to say that if i'm president trump i'm in a probably skip the traditional republican playbook because i won't get reelected if i go by that. i think mnunchin help to this market go down a lot by saying it's not a bailout emma were going to help but were not in a bailout. if the administration get stuck on that, i hate to say that, i know the fiscally conservative republicans who don't like the word bailout. they're gonna miss out. president trump will not be reelected if he harps on this

certain things not being bailou bailout. >> into your point, remember what happened when he came out with his figure, i think it was $2.7 billion for the virus and then congress came back adam for over $8 billion and he said okay, will do it. >> and here's the thing, president trump was elected by the american people for this exact moment in time. he is going to have to come big, come sharp, precise and have to lead. this is why we elected him. i'm really excited to see what we get later on today. david: all right. i'm excited to see your program at the top of the hour. we are just about at session lows. the dow was down about five and a quarter percent. combating coronavirus, how do you do it? there are people working on that right now. a ris wristband that buzzes you when your hand gets near your face. we will show you exactly how it works right after this. the market at work.

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anti- coronavirus efforts getting. [inaudible] a seattle-based tech company releasing a new electric wristband that buzzes when users put their hands near

their faces to immuno touch cofounders matthew toal and justin, so matthew, give us a demonstratio demonstration. >> of course. so what you see here, this is the immuno touch band. it's calibrated so whenever i touch my face, right here i touch my nose my eyes and anything else that could cause me to it introduce up pathogen into my system it vibrates. it's quiet and hard to hear but you can trust me, it's working. >> and just keeping with you for a second, this is not something that was developed quickly as a result of the virus. you been working on this for a couple years now. >> sort of. we been working on this kind of project for two and half years now, helping people with compulsive behaviors like hair pulling and nailbiting but as soon as we heard there was a death in seattle we dropped everything and started working on this. david: god bless you. justin, this is very close to your heart because your father is particularly at risk and when you consider the number of cases in washington, we can

understand why. what's wrong with your father and why is he at risk? >> my father had an autoimmune disease and it makes him immunocompromised. he's in that population of people who are at most at risk. once that happened, we can treat this thing in th it takes us eight days to get it out to the market to protect my family, myself and others. >> what i also love about this is it's 50 bucks. that's not a lot of money. are you tempted to push up the price or you want to keep it that way for a very needed item right now? >> honestly, were not trying to make any money on this. were basically selling this at cost. our goal is to get the immune bands into the hands or wrist as many people around the world as we can. if the virus stops tomorrow and we can stop making it,

that would be great. we really want people to just stop touching their face. david: what is the consumer response? can you turn out enough of these things for the demand? >> it's been absolutely unreal. we've had orders from all around the world but were doing our best to get the supply chain up and running. we think we should be able to ship the next batch by early april. david: how many are you prepared to manufacture over the next couple months? >> we are looking at tens of thousands of units, and if growth continues to happen however seeing it, maybe even hundreds of thousands. david: and are you getting help? seattle is the hub of electronic firms. are you getting help from other electronic firms working together for the cause?

>> yes, absolutely. we are calling in favors left and right and there's a superstrong community of mentors and advisors and tech companies. this is a great place to be doing this. david: you guys are a prime example of why america is going to lick this. i think more than any other country in the world we come together with our technology, enthusiasm and entrepreneurs and we make solutions happen for the worst situation possible. i tip my hat to both of you. congratulations to both of you. we applaud you. we really do. best of luck. thank you for being here. >> thanks david. david: gas prices down 16 days in a row. could summer drivers be getting a much needed boost? ♪ ♪ ♪ ♪ who fought for you?

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>> they were basically intending to harm us. what is so bad about this, they're taking advantage of this coronavirus epidemic, pandemic, that is sweeping the world, taking advantage of that, basically to focus in on this industry and devastate it and, you know that is not going to happen. david: billionaire oil tycoon harold apartment that they must make certain that the saud ditz and russians devastate the oil

industry with what they're doing right now. phil flynn is at cme. mr. hamm has done this before. he thinks if they keep the prices row that they can have u.s. producers go out of business. what do you think? >> the united states is in a great way to help them. i am not talking about cash bailouts, dave. what i'm talking about the u.s. using political pressure over saudi arabia for this irrational and unfair action to the global market. you know, the trump administration should be livid right now for all the support that we have given saudi arabia over the years. we protect their tankers that leave the country. david: absolutely. >> we spent a lot of money to support them. then they pull the rug out from the global economy? you know, what are they thinking, right? and bin zalman, prince bin salman, this guy is out of control right now. he is putting his own interests ahead of the global economy. i really think the trump

administration should come down on him for his recent actions. david: first narrative, there was a price war between the russians and saudis. that is not true. are they really working together to keep the price down? >> you know, i don't know if it is as simple as that. the reason why the russians didn't want to go along with a production cut, they didn't want to give up anymore market share to the united states. u.s. exports right now have been, you know, rising. they were at a near record pace of over four million barrels a day. russians are saying wait a second, i'm tired of doing this, we're willing toking go along with the cuts. saudis want production cut or nothing. nothing came along. >> we have to figure out something to do with it. a lot of good businesses will go out of business. phil flynn, wonderful to see you. crazy days, on that trading floor right now. best of luck to you, my friend. >> thank you, sir. david: i have to be taking off right now. i will be back at 5:00 p.m. eastern time with "bulls & bears." we have a very special guest tonight. i'm going to speaking with the

mayor of new rochelle, new york. as you may have heard that city is on lockdown where the virus hit very hard. we'll be talking to the new rochelle how you carry out a lockdown of a city like new rochelle. time for charles payne and "making money." charles? charles: that is a great guest. we'll tune in for that. thanks a lot, david. good afternoon, everyone. i'm charles payne. stocks breaking lower. w.h.o. officially declared the coronavirus a global pandemic. market clearly calling on washington to ability. will paid sick leave be on the table? it is rapidly becoming a big issue in this election cycle. as key industries continue to suffer mightily this week. airlines, cruise companies, oil producers, many facing potential ruin. they won't call it a bailout. republicans will have to write big checks to safe some big industries. all that and much more