which means bigger negative impact on the economy and that's why we lost much to have rally that we saw earlier today. we were up 1100 and now up 360 as we speak. my time is up and now neil, it's yours. david: it's actually david asman. this is a scene that you don't basically see on a sunday where you have more traffic than you do today. a lot of folks are obviously staying at home. we are now hearing that that is what the president is going to do for the nation at 3:00 p.m. he will be holding a news conference on the virus and, again, we are just learning now that it is expected that he will declare a national emergency. blake berman has the very latest from the white house, blake. blake: hi, there, david, i was

told that president trump to declare national emergency today. we know that the president is holding 3:00 o'clock news conference which he tweeted about earlier today so we will see the president before the cameras 3 hours from now. national emergency likely to involve the stafford act, not to get complicated. stafford act involving fema and resources that come with fema. bottom line the president to be taking next step which would be declaring a national emergency as response to coronavirus. there were reports earlier today out of brazil that the brazilian president bolsanero tested positive for coronavirus. the reason why it's important because the brazilian was at

mar-a-lago, there were dinner there, however, bolesnaro has gone on fox within the last 30 minutes and said that his father has not tested positive for coronavirus. in any event it's going to raise a lot of questions as to the president being tested and what might next steps be from that. we are continuing our eye on the negotiations that are taking place between the treasury secretary steve mnuchin and the house speak e nancy pelosi on the emergency stimulus bill as a result of the coronavirus. the treasury secretary earlier today described this as the second inning. the first inning $8.3 billion package that has already occurred. the second inning stimulus which would pay for testing and paid leave and the like. the treasury secretary made it

clear and the like that other measures will follow. he said next priority after whatever comes of the stimulus measure would be to deal with the airlines, so i asked the treasury secretary earlier today if the airlines are too big to fail and that was his response. >> i think the good news is u.s. airline industry is in very god shape. it's very efficient and short-term liquidity issue that we will have to deal with. too big to fail is a question if they are short-term liquidity issues that impact lots of workers, we will be working with congress on that. blake: short-term liquidity issues he talked with the airlines, david. first mnuchin and pelosi have to nail out stimulus pact -- packet. i think at the top of the list,

david, what we were told in the last 5 minutes or so, myself and my colleague john roberts that the president is to declare national emergency with respect to coronavirus. david: you mentioned the son of bolsenaro, we haven't confirmed that. there was a person at mar-a-lago, the mayor of miami, suárez, he has tested positive for the coronavirus announced by the miami herald. blake: yeah. david: miami herald reporting that he tested positive. he was at that meeting. at least one of the people at the meeting the mayor of miami and possibly the aide of bolsenaro tested positive. blake: yeah, that brings into

question obviously you have brazilian president and that's important for a reason and whenever the president meeting, massive delegations senior level officials that are accompanying the presidents and in this case one of those officials that tested positive was al -- at mar-a-lago. the mayor of miami going into self-quarantine. who else in the delegation might have it and who else did those people come in contact with and the testing and on and on. that's what we have been dealing with. david: are there any contingency plan that is you heard of for the president to

self-quarantine? >> we haven't been told. the white house put out a statement that the vice president and president are in good hands but the president did cancel travel, the campaign has postponed events and the president said basically at this point he doesn't really have plans to leave the white house but a self-quarantine would then bring the issue of who else should be around president and i'm sure that will be asked. david: so much on the plate today. wall street's wild swings keep going. the dow pairing its gains today, was over a thousand at one point. look at it now. the dow is down 266 points, way down for the high today, stocks look to recover from worst day since black monday crash of 1987. jackie deangeliy with the very latest. jackie: good afternoon, you mentioned the sharp gains at the open. optimism after massive selloff yesterday, digestion of fed

action, people were feeling more positive as they were going into the session, even bargain hunting here. you have the news that the president will declare national emergency at 3:00 o'clock and markets started to sell off. the national emergency will free up federal funding. that would help a lot with the coronavirus at the same time it's the same impact of the market when the president addressed the nation saying he would impose new travel ban. these are the headlines that scare people and not for a valid reason. blake was talking about back and forth bolsenaro, did he test positive or not test positive. that's a big concern as well. commander in chief that may or may not have been exposed to this. this morning folks were looking to breathe a sigh of relief and put this week behind us knowing that it would get worse before

it gets better and we could see volatility. that's exactly what you're seeing here today. i want to take a look at of groups. you can see the airlines now are mixed. delta is holding on, united and american are trading down in the red. i also want to take a look at boeing because it's been such a dow lagger, it's been tough for boeing, not holding onto gain that is we saw earlier. probably one of the big reason that is the dow continues higher. of course, the cruise lines have been hit like wild fire. they have been hit hard and they are seeing positive momentum. norwegian and carnival. royal caribbean is in the red as investors are bargain hunting and getting back in. i want to take a look at apple as well because of its impact on overall market. trading higher of more than $8 before, given up gains. finally the financial stocks are in focus as well.

you can see they are trading higher. fed action there and mnuchin saying the administration is watching this. if there's issues of liquidity, fed action yesterday. people are ready to act and the market senses that, david. david: disney world and disneyland closing, analysts forecasting that disney could lose 1 and a half billion dollars in revenue if it is forced to keep all of its u.s. parks closed for 30 days. kaltbaum president gary kaltbaum has plans to go to disney before it closes. he lives in orlando. gary, first of all, did you hear that the mayor of miami has the coronavirus so it has in florida? >> yeah, we have one that's about 5 to 10 miles from where i'm sitting also. so, yeah, it's around, but the numbers are still small and let's hope it stays that way.

david: maybe last time you're there in a month or so? >> space mountain, of course. david: i knew it. [laughter] >> i might as well continue. david: do you sense by the way, we heard from dr. fauci that maybe it'll get worse before it gets better. we haven't yet reached the time when today has fewer virus outbreaks or confirmed outbreaks than the day before. is the panic in your eyes what is happening to the markets. >> we will know in the weeks to come whether it's overdone.

this has changeed the psyche of people. i think that's just going to last a while and markets are reflecting it right now. david: nice segue for our next guest. glad you're going. grocery store shoppers are facing empty shelves, long lines as more people look to stockpile supplies. stu leonard, jr., so happy for making the trip. appreciate it. first of all, you'd seen the shelves, empty shelves, how much is affecting your stores? >> i would say a lot has to do with supply right now. we are seeing paper, towel, water, purell, we can't even buy it. those things are really running and i heard today proctor and

gamble would put us on allocation. david: wow. >> now -- now we will probably be out of it later today. david: what about food? >> we are good. 85% fresh, so the only thing we are seeing right there is disruption from our european fish suppliers because of the flights and everything, so like the salmon from norway. david: what about -- i know you focused on fresh food, but a lot of folks are worried what happens if the electricity goes out and maybe i need canned stuff. >> tuna fish, peanut butter. pasta. marinera sauces. someone this morning bought

48 pounds of chicken. they go home and freeze it. they are stocking up on a lot of meats, frozen food and fish. david: you have a great relationship with local producers. i'm talking about farmers themselves. what did they tell you? are they keeping up with production or harvesting what they have in greenhouses? >> so far we haven't seen no shortage. obviously they are busy and there are so many different suppliers you can choose from right now. the foods coming -- this morning people waiting in line to come in and that was because a lot of the super markets had empty shelves. i wouldn't say full shelves but we have full shelves. i was in the meat department with butcher and it was about 6:30 and i said thanks for staying late, you know, stew, i

can't cut meat fast enough today. we are seeing panic on people and i've never seen it in any whole lifetime since i've been in business since a little kid. david: let's talk about the one incident in which we panicked. right after 911. you were in the business then, is this worse than that? >> this is really what you're feeling like with those big events like that, even snowstorms, hurricane sandy, there's a panic and just doesn't last long. we are trying to do business as normal right now. we do -- are taking extreme care for our customers and we have the 2-our blitz going on where we are wiping everything down, shopping carts, register belts, the keypads, the pens, we are just doing everything we can right now and purell. i was in a cosco and they were

handing me wipe in the door. david: you seem calm, stew, happy, calm, optimistic person, that's who you are. do you think your attitude is reflective of what's happening throughout the food distribution industry because i know other people in the industry who are good people, i don't sense that panic even though they know that this is not going to last long, the panic? >> one of the things right now that's pretty good, i think, people are going to lock down at their house and want to eat in-home more often. i'm doing it myself. i think you will come to the super market to buy food. i feel bad for people in other businesses like i saw with all sports stadiums, nba closing down. what are those people from the buses, transportation, the

security guards. david: absolutely. >> i feel bad for those people right now but the food business, you know, it'll hopefully survive. you gave me a nice segue. >> simon was in store last night. he told me we have plenty of product. david: terrific news. influence in the station. stew leonard, thank you very much for making it in today. professional sports world coming to a halt as stew was telling us. the major league baseball suspending spring training. former miami marlins president david. what do you make of all this? >> the question is what took so long. it's so critical that gatherings of large crowds come to an end

and all the sports have followed suit. the only one we are waiting for is ufc but i expect that to be postponed shortly. david: dave, i don't know if you heard stew leonard. we need more of that, you first see headlines, the masters canceled, mlb suspension of spring training. it is kind of nervous. what do you look for as influence in the sports world right now? >> i think that people look to us for leadership. they look to us in sports industry and media, you want to be professional and truthful and you want to be coming but you want to make sure that you cause people to act and that's the key. it's just having people be responsible and not putting your head in the sand and in sports league that's what they are doing now. they are finally peeking their head up and saying we are now participating in getting this

virus contained. david: yeah. finally, this hurts the fans obviously. we are sports-star country. we love our professional sports. the contracts, the vendors, as stew was saying, bus drivers, et cetera, these are the people who rely on a particular season and if that season doesn't happen, that could hurt them for the whole year, right? >> oh, there's no question. that's something that we are starting to look at and starting to talk about. kevin love, player for cleveland cavalier in the nba donated a hundred thousand dollars to stadium workers who won't have events to work. it goes beyond that. how about the people who work in the restaurants around the arenas, around the stadiums which are crowded every game day pre and post. the hope is we contain it as fast as we can so we can bring sports and entertainment back to the american public.

david: david, i'm glad you're in the industry. i appreciate you coming on, david, thank you so much. >> thank you. david: wonderful to have you here. travel ban from europe kicking in at midnight tonight. how are flyers dealing with all of this. we will go live at newark international airport. don't miss my show bulls&bears, great panel for you with more analysis on all of what's happening with the virus, that's coming up at 5:00. ♪ ♪ before discovering nexium 24hr to treat her frequent heartburn,

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david: american airlines based in dallas tested positive for coronavirus as president trump's european travel ban goes into effect just before midnight tonight. rick levanthal at newark international airport with the latest on this, hey, rick. >> hey, david, very short security lines, in fact, nonexistent in terminal b in newark international airport. we have seen one tsa agent wearing a mask with fresh warning to americans to reconsider travel to europe because of the global spread of

covid-19 and prohibiting foreign nationals for more than two dozen countries from entering the u.s. including denmark, czech republic, poland and iceland. to be clear u.s. citizens are exempt from the travel ban along with spouses, parents or siblings of citizens and permanent residents. their spouses and children are not affected by the travel ban. the european union strongly condemning the move but the director of the infectious disease's department in the united states, dr. anthony fauci said on "fox friends" this morning it's shutting down primary source with 70% of cases trace back to europe. >> we are doing things that are interfering with the natural flow of infection. if you lead the virus to its -- leave virus to own devices it will go way up and come back down. >> we've seen cleaning crews here at newark, david, being

aggressive with cleaning services. that remains advice to travelers if you are flying to avoid touching common services and to bring hand sanitizers or wipes if you have them. david: justin trudeau's wife testing positive to coronavirus. i would assume it's almost impossible for europe to avoid a recession right now. they were having economic troubles, no? >> 100% agree with you. i think europe was on extremely fragile footing on 2020. we have saw minimal growth profile. consumer under pressure, business investment under pressure. they were experiencing very weak

economic growth, then you layer on the external shock of the coronavirus and it's difficult for the euro zone to remain in positive territories so a recession could be a viable possibility in the near term. david: would it happen here, lindsey? >> well, do i think if the virus continues to spread and we do see this reaction of the consumer pulling back, businesses unable to fill demands and production shut, there's a possibility of negative decline for extended 6-month period. that's not our base case. right now we are expecting one quarter of negative growth in the second quarter. we think the hardest hit will come april and beyond but, again, if we are able to contain the virus we could see a,-shaped recovery back into positive territory by the second half of the year, again, it's all about the death and duration of the impact. david: it is. the president talked about

pinned up command. you look at sixth avenue in new york and it's just kind of a bellwether for what's happening around the country where the streets. you see a little bit of traffic for midday in manhattan on a friday, this is usually a -- a packed street and not at all that way. now is there such a pinned up demand which will continue in april that once we have relief from the virus we could come roaring back and back to where the markets started to fall? >> i do expect a recovery. i don't know that we would necessarily come roaring back because there's some trepidation even if the numbers start to decline. in terms of coronavirus we reached at peak level and dwindle off. there's still hesitancy among consumers to go to movie theaters, sports arenas, i think it's going to be more of a

slower-base uproar trend as sharp v-shape recovery. david: would it be able to be filled up by the suppliers? >> it depend, it depends how fast we get workers back on line but, again, it depends on whether or not american businesses have the workers in those positions to actually create those goods to meet the pinned up demand. there's a little bit of nuance here, moving parts and we have to get ducks in a row in order to meet that more positive scenario. david: great to see you, lindsey. thank you so much. fda granting emergency approval for new high-speed coronavirus test. details right after short break. stay with us.

david: lawmakers releasing the text of proposed coronavirus funding bill. hillary vaughn is live on capitol hill with the very latest, do you think this one will get through the president's desk? >> we are expecting it to, we are expecting the senate to basically green light this because they are under pressure to get this emergency funding through, and david, 3 main points addressed in the bill. you have food assistance, coverage for coronavirus test and you also have a payroll tax credit for employers that are offering paid family leave. on the food assistance fund, 5 million for supplemental food program. 400 million in food, 100 million in cost of distributing those supplies and provides special assistance for the elderly. $160 million for home delivered nutrition services, 80 million for nutrition services to assisted living communities for the elderly. it also says that medicare will cover the full cost of covid-19

related visits, testing, $1 billion set aside for that. that's important because the administration has said they are trying to ramp up more testing for this. they just approved fda coronavirus test that's 10 times faster. the models have ability to process 5500 coronavirus tests. on sick leave and paid family leave for employers, it is requiring employer who is have 50 or more employees to offer paid sick leave for any employee who is showing symptoms of coronavirus or has been diagnosed with coronavirus but also allowing them leave to care for a family member that also might be demonstrating symptoms or has been diagnosed with covid-19. that leave only after person has been out for 14 days, on top of whatever sick leave the company may already offer but there's a benefit for this. the business owners and

employers not having to shoulder, including would be tax credit that would essentially through a payable tax credit for employers that have to offer this who do have employees affected, $511 a day. that's the cap for this or a little over $7,100 a quarter when you look at a cap for what would be paid family leave, when that employee has to take care of family member, the government will reimburse up to $200 a day and $10,000 for the entire calendar year. that's the cap on that. what's interesting about this is that the wages that these employers have to pay out, david, as part of this additional emergency sick leave for their employees, that's not going to be considered wages under the tax code. that's not going to be taxed as additional wages that employees are paying now, david.

david: hillary, appreciate it. property developers are building kitchen in empty mall spaces and parking lots in order to fill food delivery orders. ghost kitchens is coming at just the right time with virus concerns at their peak. coo sam is here to tell us about it and today march 13th is the day you decide probably months ago to open sam's crispy chicken. this is your virtual restaurant for delivery service. you really had an inside using this day as opening day. >> we thought 13th would be day to open. david: friday the 13th. >> national pivot that's happening in restaurant space, people are ordering more and the delivery side of the business is

up 40% year over year. $57 billion and delivery will happen online. we decided to create and have created with our partners simon properties a content-base platform so sam's crispy chicken, burger, literally using the same sensibility of full service, some of the best chefs by danny garcía, chef morimoto and deliver to you as user within 30 minutes or less. david: with the virus can you meet the demand? >> we have seen 40% uptick on the delivery side of it. for us it's a long-term play. we have cut all delivery fees to respond to, you know, a very tough question where we take -- david: great step particularly in building your brand. >> our customers are loyal and we are loyal to them.

but at end of the day it's a natural pivot. netflix came in, as amazon came in. we are looking to create unbelievable real estate opportunities and we utilize real estate. we are going in with virtual kitchens -- david: coming back to the virus, the supplies are tough. it is really tough on suppliers right now to meet the demand. are you having -- are you finding that out as well? >> from a food perspective it's less and less. we are a global company nationally. a lot of the supplies are hand sanitizers, bottles of water. for us we have been fine. the food costs have been pretty much in line. who knows? hopefully we are seeing trend out of korea, singapore, hopefully we will see with testing and all the great things the government will do. david: sam's crispy chicken is in four cities? >> new york, la, chicago and san francisco and 28 locations.

we will be the largest kitchen company and the largest hopefully in europe. david: you're delivering today? >> very important day because it's my daughter's birthday. david: good friday. canadian prime minister justin trudeau saying he has no symptoms of coronavirus as of yet. his wife has tested positive for the virus and staying at home to see her needs and self-quarantine himself. new york governor andrew cuomo announcing fist public drive through facility, we will show you how it works right after the short break.

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site on the east coast opening today namely in new rochelle, new york, obvious choice, alex hogan is there with more. how does it work, alex? >> david, so this is as far as the public can go. you can actually hear through loud speakers police addressing any vehicle that arrived here past this bridge. the only people you'll see out of vehicles is people wearing mask suits, again, first testing center that we are seeing in the northeast that can accommodate 200 cars per day. people have to make appointments. they fill out their information online so they don't even leave their cars. dozens of workers in hat mask suits, governor cuomo thanking workers for support and calling on the governments to take steps

in their own hands. >> let authority and say god bless you, you can authorize testing. >> numbers from 30 to 1,000 per lab a. approach here is 2-step process of reducing density of people and increasing testing. new rochelle the city at the epicenter of new york's outbreak where we most of the cases in the state. drive-thru is 4 miles away from containment area. school canceled for 12,000 students for new rochelle starting today. national guard delivering to families and kids that rely on the meals. also one thing that we should note that governor telling the public that the numbers will likely increase again because of the testing that we are having going on here today but that this is a wonderful thing in people are seeing the humanity

come together for this time of crisis, when you really see people ban together, david. david: they also have a great mayor in new rochelle. alex hogan, great to see you, appreciate it. the federal reserve injecting 1 and a half billion dollars into the economy with promises of making short-term loans available, also talk of a possible further rate cut, charlie gasparino broke the news on this yesterday right before the new york fed actually announced, so how is this rolling out? >> i'm not on the federal reserve board. i can't say exactly what they are thinking. david: seems like you know what they are thinking before they say it? charlie: i talk to policymakers. what they're saying the fed will keep injecting liquidity into the market. it's not a fear. it's actual real, but it does help the financial markets.

what essentially they are saying now fed has meeting on wednesday, likely not today but probably monday, tuesday maybe after meeting wednesday, they will reduce rates again. the number i hear is take it to zero. that doesn't mean -- i'm just telling you what fed watchers are telling me. take fed funds to zero and deal with qe, buy treasury bonds. buy stuff, buy bonds, inject liquidity into the system. those all obviously, they will not deal with the root cause of all this but they do have the market. right now we have real problem, there's not a lot of liquidity. people aren't able to -- if you have that issue is bad for businesses. if businesses can't borrow short-term they can't pay payroll. usually you don't get all your money at once. you borrow short-term to pay people. that's why the fed is doing this and it also if you do have the sort of liquidity disruptions it

exacerbates the downward slides in dow jones and stock market that is we have been seeing. those slides are probably not over, i will point out. we have a lot more to go on this. where the bottom is? i can't tell you, no one can tell you. it has a feeling that we have more news to digest on economic impact. remember, the reason why this is important and stocks are moving on this because traders are trying to figure out how much the decline in gdp from everybody staying home and quarantining and baseball games not happening. how much that translates into a decline in corporate earnings, that's why you have the swings. that's where we are right now. i will say one thing about the testing because i know a little bit about this, my brother is a doc, brooklyn hospital. those false positives will translate into people showing up

into emergency rooms. that will overload the system. david: dr. siegel talked about er's being overloaded. charlie: right. david: banks are far more liquefied if i can use that phrase -- >> charlie: let's be clear here. in 2008 the banks balance sheets, the banks held on balance sheets, mortgageback securities that would be zero to 30 cents of a dollar. we don't have that issue now. are banks going to take it on the chin on this? of course. lower interest rates banks can't sell products at a decent cost. on top of that you have bankruptcies, if you have oil, where is the trading right now, do we know? like $30 a share. david: above 32 earlier.

charlie: some people are talking about print on oil will be in the 20's. if that happens you'll get oil patch, bankruptcies and impacts on the big bank. that is sort of stock market, you know, wall street overview that we got going. david: it's my producer. charley, thank you very much. coming up we will take a rook -- look how much money the nba plans to lose the longer it stays on the sideline, dominic simon. the man who did more dunkings coming up next.

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david: well, as you can imagine the entertainment world feeling the pinch broadway going dark, fast and furious and quiet place 2 are now delayed because movie twitters were braced for possible closures. robert gray in los angeles with the very latest, hi, robert. >> universal studios also closing as you mentioned stages closing dark, hamilton in los angeles.

movie theaters so far staying hope and there may be few new options going forward. globally the film industry posting losses in the billions of dollars already. the industry was already challenged. attendance near two-decade low. box office staying strong thanks to ticket sales. production halting on many upcoming films. theaters, though, as they stay open are try to relay concerns. the ceo of privately held cinepolis usa, the well-being and safety of guests and staff are our priority. we have enhanced our cleaning regular regiment. stock losing half market value

so far as you can see on there. imax whose technology is sold in the theaters. web bush security analyst say they have to close to contend the virus. if the numbers of cases start receding the summer blockbuster season may be salvage. as for the stocks the markets overreacting. he said it's a 3-month issue. not a case for liquidation. a glimmer of hope for the film industry. china's box office may reopen as soon as next week and if you are looking for winners streaming platforms especially those with back catalogs, production shutting down to help profit margins and may add sub vibers, back -- subscribers back. david: thank you. we debate that coming up next. ♪

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david: welcome back. i'm david asman, filling in for neil cavuto. wild swings for stocks today, after the worst day for the dow since 1987's black monday crash. investors looking for a potential stimulus from congress and possibly more fed action. all of this while president trump is set to hold a 3:00 p.m. eastern time news conference. that's about two hours from now. and he's expected to declare at

that conference a national emergency over coronavirus. jackie deangelis has the very latest from the new york stock exchange. hi, jackie. jackie: good afternoon, david. well, every time we talk, the market's got a different gain but at least it's consistently a gain today. the dow is trading up by a little more than 600 points at the moment. very headline-driven. it seems like the markets have digested the fact the president is going to be making this address at 3:00, a state of emergency could very well be declared and that could be a positive thing for opening up funding to help people that are exposed to this virus. at the same time, it could be a little difficult for people to move around and do the things they need to do, and i think that's where some of the concern is. but let's take a look at some of these big movers today, because there are some that are driving the dow right now. obviously, you've got some financials on there, that's because of the fed, goldman sachs, jpmorgan. but i want to draw your attention to procter & gamble and walgreens because they are trading substantially higher. you know, this would basically be their super bowl. if you have been to a pharmacy

in new york city, i went to four this morning, just trying to see can you get anything, can you get a thermometer, is there toilet paper left, and people are buying things in droves as part of the herd mentality when it comes theo a virus like this. at the same time, with the wild market swings and the huge plunge yesterday, you had the secretary of the treasury trying to calm the markets. when asked about what do people do when they look at their 401(k), this is how he responded. >> it will be higher a year from now, as i said. people who weathered the crash in 1987, people who weathered the financial crisis for long-term investors, the u.s. is the best place to invest in the world and again, i can't predict where the market is on a daily basis. people should be less concerned about going up and down. jackie: every time we have seen the market plunge, financial experts will always tell you if you are not close to retirement age, don't even look at your 401(k), because to the treasury

secretary's point, things do bounce back and i want to take a look at a long-term chart since 1987 of the dow. you can see when you look at it within perspective, this looks like a blip. it's pretty significant but it's a blip in the long term. so you can see how much the dow has come back since then. you know, traders here are still on edge, though, and i will just add this last point which is if what dr. anthony fauci said was true this morning that this still could be, you know, maybe another month before it peaks, you are going to continue to see market volatility. you are going to continue to see these headlines moving stocks around. but a lot of folks are saying this is also the time to be picking up those bargains, when something you like is oversold. i think that's part of what we are seeing today. david: jackie, thank you very much. the roller coaster continues. meanwhile, nba fans, players and owners, reacting to the league's 30-day suspension. dallas mavericks owner mark cuban telling fox business this is the right decision. listen. >> obviously it's not something

any of us expected but we have to put the safety of our players, our fans, our stake holders, first, and so i think it was the right move. the season's not canceled. i really do think if we can keep our players healthy and the coronavirus issues start to get resolved over the next month or two, then we have a chance to resume the season and just play into the summer. david: the atlanta hawks vice president and nba hall of famer dominique wilkins joins us now on the phone. dominique, we were supposed to have you in the last hour. one of the reasons we couldn't have you, i'm told that everybody involved with the nba has to get a test right now. am i right? >> well, you know, they are doing whatever it takes to have safety first and we are no different from that. right now, everybody is kind of sitting back waiting, seeing what the next moves are. but i think the decision the commissioner made is the right decision, it is health and safety first. it's bigger than the game at

this point. david: what are you hearing from the guys who are in charge of all this about how easy or difficult it will be to get up and running after the 30-day suspension? >> well, you know, the guys will keep themselves in shape, to be ready to go when it's time. but at the same time, you know, [ inaudible ] where it's not what you expect, you know, it's not something you want, but you have to make adjustments. you find a way to get over or around it. it's an obstacle in the road right now not just for basketball but for people, period, to find a way to deal with the virus. david: how about the thousands, probably tens of thousands, when you add up all the various leagues affected by this, the vendors, the contractors? i mean, the players have a pretty good cushion but these folks rely on a season and can't really make ends meet for the rest of the year if that season

is canceled. >> i mean, it is a lot of people going to be affected by this, no question about it. it's going to hurt a lot of people. but you just got to rally together and find ways to get through it and hopefully, this doesn't last very long but right now, you know, safety is the most important thing. unfortunately, a lot of people are going to be affected by it and you got people whose families already suffered because of this virus. david: one country that suffered tremendously is italy. you had a lot to do with bringing professional basketball to italy, to other countries as well in europe. are you hearing anything from your italian co-workers about how things are going there? >> well, you know, i keep in touch with a lot of of the guys i played with over there. it's not a good situation, for sure. it's pretty much on lockdown, people, families have been affected by it and you know, they don't know when the thing is going to end.

david: and is there any kind of fund being put together by players and owners to help people through the rough patch, particularly again, the vendors and the independent contractors and such? >> well, i can tell you mark cuban has done, and tony ressler and our ownership has done, so people have a chance to be comfortable, they are doing what's necessary, making sure people are taken care of. we have wonderful ownership that understands what people go through and they are very compassionate about our franchise so we couldn't ask for a better ownership group to do the necessary things to make sure people are okay. david: you are good people. we appreciate what you do. thank you for coming in to talk to us. dominique wilkins, thank you very much. >> my pleasure. no problem. david: well, take a look at oil prices. they have rebounded a bit,

anyway, but they were doing much better earlier. they have come down again. obviously the pressure from saudi arabia, from russia, overproducing, some would say in order to kill off u.s. production. that continues. this is the cme is suspending trading after today. to jeff flock and price futures group senior analyst phil flynn. they are now -- when is this going to reopen? any word? >> no word, and you know, some people think it's never going to reopen. that's a whole other matter. but you know, the floor has been shrinking. take a good look. this may be the last you see of the trading floor certainly for awhile. it might come back around here to -- this is the most active pit at the cme. look at all these folks. some people say they closed it because you know, the close proximity these guys, they are hollering at each other. you have been spit on before. you are making a trade -- >> spit on, hit with pencils, pushed over, knocked over.

yeah, this place is, it is, it's capitalism in action, live and in color. reporter: as you and i talk, we could be giving each other the coronavirus right now, right? >> we could. that hug in the beginning didn't help either, jeff. tell you what, it's amazing, they are closing this, when you consider this is the room where you separate fear from reality, right? reporter: this is the world's newsroom. >> you get news before we do, through price discovery you really feel how people are feeling and how to hedge that and to think that you can call it a panic room or the panic room, to think they are going to close it for a few days makes people nervous. reporter: this is basically interest rate futures in europe. these are complicated trades that they say they can only do in a pit. can they duplicate that online? >> terry duffy says they absolutely can. in theory, most of them, they can't. to be honest, a lot of these guys are market makers as well. they step in and make a market where computers sometimes don't. reporter: you don't make a market when you are on the

screen, the way you make it here. could be the end of an era here, david. we certainly hope not but there you go. david: all right. jeff, phil, thank you very much, guys. best of luck to you. have traders found that level of panic that makes them feel that perhaps we are bottoming out? our guests join us now to discuss. willie, first to you. after panic they say comes exhaustion and with exhaustion comes barring jagains like you see very often. are we there now? >> we are close to getting there. it's fascinating how public sentiment is driving a lot of this. people like us sitting on this tv set, because people are believing a lot of the hype. i don't want to undermine the critical nature of this virus, but we got to look at the scientific evidence and i wish the same discipline we use for

evaluating financials, we were using for evaluating the clinical data that goes with the mortality rates or number of cases that really are aligned to this virus. i think we need to get over that and it's going to take some time but maybe it starts in places like this, where we level set the severity. david: if we do hear, and dr. fauci, we have to be rational about this, said we probably are going to get more bad news before we start getting good news, will the market, will we see another thousand point drop in the market with the next bit of bad news we get? >> i agree that in many cases, people and markets specifically are overreacting. i'm shocked that they have gone down as much as they have, but something interesting yesterday, stocks ended down at 9.99% which seems too random to be random. i think a lot of people, traders, algorithms, said when it goes down by 10%, start buying.

so i think people are saying there are still good underlying fundamentals in the economy and if things don't turn out to be so bad health-wise, the economy can recover. david: very quickly, millenials have never really seen in their working life a downturn. we have had an 11-year bull market. we have had a jobs market that's extraordinary. how do you think they are going to take to the possibility of major job losses as a result of the economic downturn? >> yeah, this is going to be interesting, not just for the job market itself, having it or not, the opportunity, but the future of work, what does it mean to be remote, what does it mean to be distant from people in your working environment, could that be productive. i think we are learning a lot in a very quick turnaround because of this situation. and i'm optimistic that a lot of innovation and opportunity is going to come out for remote learning, telecommuting and other new companies that we don't even know are sprouting right now. we need to figure this out. david: it's what you can't see about this market that's so

exciting. got to take a short break. working from home, your kids may soon be joining you. how parents are planning for school closures, next. don't miss "bulls & bears" a little show i do at 5:00 p.m. eastern time right here on the fox business network. we will break down the day in the markets and of course, the very latest on the virus at 5:00 p.m. eastern time today. ♪ it's surprising how the bigger a city gets... the smaller it starts to feel. which makes it even more surprising, how big it feels in here. with sliding rear seats... and more available second row legroom than say... a chevy suburban.

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david: schools are closing their doors amid coronavirus fears, leaving kids at home. there are problems with that. lauren simonetti with what parents can do while their children are in the house. lauren: lot of wine. lot of wine, david. at least five states are closing schools, ohio, maryland, oregon, new mexico and michigan, plus washington, d.c., seattle, atlanta, san francisco. that means a tenth of all schools and students, about five million students, will be learning from home and most of them will be doing so for at least two weeks. parents need to figure out a lot of things. who's going to care for junior if mom and dad are not working from home. they will also have to make sure that children aren't recongregating in other places because that, too, puts them at

risk. while younger americans have proven relatively resistant to coronavirus, the fear is they could spread it to parents and grandparents. the school closures also exposed socioeconomic divides in education in america. districts across the country are working to get technology to students who will need virtual learning and meals. more than 20 million kids are eligible for free or discounted lunch. right here in new york, where the schools have not been closed, the department of education says this. we have developed great level instructional resources for grades pre-k through 12 so our students can engage in educational material in the event they need to be home from school. they are actually shipping printed lessons to schools so they can send them home with the little ones. you can't give a first grader a computer. maybe you could, but that would certainly impact learning. if your city or state has not closed schools yet, experts and doctors recommend the following.

plan for that to happen with child care, supplies, including medicine. they say a 90-day supply that would be needed at home. david: good advice. thank you very much. so while we keep hearing about washing your hands, not touching your face and other ways to protect yourself from the virus, what about things we use every day like these cell phones? how do you clean it? to the emergency medicine for mt. sinai health system chair, dr. brendan carr on what you can do. tell you what i did. tell me if i'm making a mistake. i first washed my hands before i picked up my phone, then took a wipe, one of the alcohol wipes, wiped it down, then rubbed off the excess liquid with a napkin. is that okay? >> then washed your hands again, probably. david: no, i didn't wash my hands again. >> we are all learning as we go. david: it's so hard. you do one thing, then you realize there are ten other things you have to do. >> that's true. we are all afraid. everybody's got it on their mind, whether or not they've got the coronavirus and whether or not they are going to get sick from it. david: for the chair of the

emergency medicine department at mt. sinai, that must be a problem because these ers must be overwhelmed right now. >> that's true. the emergency departments, urgent care centers, primary care doctors' offices are having a hard time keeping up. we have implemented across our health system lots of different ways to get in front of this, lots of different ways to allow us to organize people's treatment plans in a way that keeps them safe and frankly, keeps the health care work force safe. david: we are hearing all the focus on testing right now, but it's not just about testing, is it? >> it is certainly not about testing. i'm glad you asked. it is about certainty. people are scared and they want to be certain about whether or not they are going to be okay or not. david: in other words, they check themselves into the er before it might be necessary. >> that is true. or they go somewhere to get tested before they have symptoms or when they have very very mild symptoms. what we allow people to do is allow them to video chat with one of our doctors at lots of health systems across the united states, and it allows you to get

guidance, reassurance and to get really practical steps forward should you need testing. david: so if i feel sick and i self-quarantine in my house and i keep getting sicker, my fever goes up, before i go to the hospital, what should i do? >> let's take the first part first. if you feel a little bit sick and it's not the kind of thing you would normally go to the doctor for, it is totally reasonable to be really mindful about self-quarantine, to be really mindful about the public health measures you describe, the way we wash our hands, the way we sneeze and cough and who we interact with, specifically high risk folks. but you're right, if you get sicker, sure, reach out and the safest way to reach out is in a way that doesn't expose the people that are there to take care of you. for us that's virtually. david: when do you think we will see the top of this curve of people getting sicker? when are we going to get to the point where we say gee, today we had fewer new patients than we had yesterday? >> yeah, i think there's two pieces to that. obviously we all watched dr.

fauci this morning and we all defer to him. the first piece is we haven't tested very many people so we don't have our denominator. we don't know how big it is amongst people who have mild symptoms or don't have any symptoms. so we have a lot to learn from that standpoint. those numbers are going to change a whole lot. that's going to allow us to project forward. the second half of the question i think is when are people going to be sick enough to be in the hospital rather than at home, and what's that going to look like for health care systems. i think we just don't know until we know better how widespread it is in the population. david: best of luck to you, doctor. >> thank you very much. david: our prayers go out to you guys. you are doing great work. dr. brendan carr from mt. sinai. appreciate it. so are we close to a stimulus deal? markets are betting on it right now. we will give you the latest coming up. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out

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waiting for congress to act as house democrat majority leader steny hoyer says law makers are close to finalizing a coronavirus relief bill. to fox news congressional correspondent chad pergram on capitol hill. chad, how close? reporter: well, they basically have a deal, but the question has been whether or not there would be buy-in from the president and from house republicans. we've had two developments in the past half hour. the house minority leader kevin mccarthy has returned to the capitol after talking to the president, and house speaker nancy pelosi has announced she's going to talk to the press at 2:00. so two big developments here in the past couple of minutes. the key here is going to be whether or not republicans are going to be willing to vote for this bill if the president doesn't support this. remember that kevin mccarthy thought he was thrown under the bus just a couple of days ago when they were working out a fisa agreement. b bill barr came to the capitol to work out this agreement. they worked in a bipartisan fashion in the house of

representatives, then the president blew it up via twitter. mitch mcconnell learned the hard way on a government funding bill a couple years ago on the same score when they thought they had a deal, then we had the lengthy 30-day plus government shutdown. that's going to be key because if you don't have significant republican buy-in here, this is not going to get through the united states senate. the senate is not here. mitch mcconnell sent everybody home on thursday afternoon. it's unclear if the house is able to pass this, maybe even with democratic votes, much as they do in the senate. but if they get republican buy-in, you can bet your bottom dollar they will move it through the senate. the other issue is if they don't get this through the house or get it through the house with just democratic votes, this bodes poorly for moving second or third tier packages, airline bailouts, things for the travel industry. if they can't even do this basic bill, that's a problem. a lot of people here on capitol hill are comparing this to t.a.r.p. not in the sense of what it does, but the idea that this is the first response, they need to do something and you might

recall that the first version of t.a.r.p. failed epically in the house of representatives and sent the market down 777 points, then a one-day record. david: i remember. chad, very quickly, did a lot of pork wind its way into this bill? reporter: it's always in the eye of the beholder. i looked through the bill, there's things in there for certain types of leave. the president calls this a lot of goodies the democrats wanted but you could tell when talking with kevin mccarthy yesterday that he was pretty sober about what they wanted in there and even some of the republican proposals, house speaker nancy pelosi, she thought that those ideas, her term, were quote reasonable. david: well, if something doesn't have anything to do with the virus, there was talk about something dealing with abortion that nancy pelosi wanted, i mean -- reporter: this is not the idea you are doing something for a project. it would be an issue of do you continue the hyde amendment

which prohibits federal money for abortions. the question was, was that dropped out of this, thus opening the door for that type of conduct. david: yeah. yeah. all right. chad, it continues but it looks like we are getting closer so i appreciate that. good to see you, chad. the coronavirus leading to more shutdowns. disneyworld and disneyland announcing temporary closures with disneyland beginning tomorrow. they announced temporary closures and i want to bring back my panel, if i can. lily and edward, we are also getting word that six flags entertainment is going to be delaying its opening, temporarily suspending operations for certain parks. i'm told that the shares are down, can we get that shares for six flags? it was down about 14% earlier. it's improved a little bit since after the announcement shocked investors. >> yeah. we are seeing that anything that means a large gathering is going to be impacted.

concerts, stadiums, parks. we are seeing it right here a few blocks from here with broadway closing. that's going to be at least $100 million, $150 million per month when we shut down that entertainment. i think we need to think broader. sure, we want safety but what's this going to do long-term to the contractors, the small businesses that are hired by a lot of these large corporations? it's great that all these funds are sprouting to try to find a solution for coronavirus but the long-term solution we need to look at has to be economic when 50% of our gdp comes from small businesses. that's what concerns me the most. but yes, it's the right choice but how do we prepare proactively for what that means in the long haul. david: we have been here before. after 9/11, we had closures in new york city, of course, but it extended beyond new york and washington, which were hit by the terrorist attacks. it was the whole nation. what shocked a lot of people i think was the speed with which

we did recover. there was that what president trump just talked about, the pent-up demand for activities that once it was released, once people felt things were safe, they did go out and sort of make up for what they had lost earlier. will that happen again? >> yeah, i mean, it's a matter of consumer sentiment and when people are feeling comfortable to go out and when they are being allowed to go out. i think jersey city said no going to bars after 10:00 p.m. so the coronavirus is inactive until 10:00 p.m., after 10:00 p.m., we can't allow this. so in cases like that, i would say that's just a pure overreaction. then consumer sentiment can show up in that way as well. if people want to stay home and not go out, that really can impact all these small businesses. i feel bad for them. >> you know what's interesting, the psychology of it, 9/11 brought us together, so human contact and togetherness was the recipe for recovery. in this case, it's the opposite.

the recipe is isolation. so what does that mean for the psychology of families and you were talking about like how do you work from home when you have a 4-year-old wanting to play with you? david: you are in that position, aren't you? >> that's me, at home this morning. it's also the elders, right? we already have isolation and mental health issues. so it's harder because 9/11, let's hug and pray together. well, i can't hug you right now because that's against the rules. david: yeah. it's a great, great point. hopefully those rules will be changing soon once we beat this virus. thank you both. appreciate it. as the sports world stops, so do the workers' salaries. how some teams are looking to give relief to those employees, after this. 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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david: we have some breaking news on how the virus is affecting politics. louisiana is moving its primary from next month, it was due to take place on april 4th, to june

due to coronavirus concerns. it's the first state to make such a decision. of course, by june the whole thing may be decided so it might be a moot point but they have decided to delay it a month. meanwhile, coronavirus rocking the sports world. how will these delays and cancellation impact the workers and the local economies? to grady trimble in tampa, florida with more on this. hi, grady. reporter: hey, david. they were supposed to play march madness games here in just a few days. that won't be happening anymore. we also learned that the masters has been postponed, first major golf tournament of the season. now springtime in augusta may become summer or fall. they have yet to reschedule that. the players, though, the pga tour announced, is canceled. that's just north of here in jacksonville. also, big in this area is spring training. that provides a big boost for the economies here in florida and in arizona. according to one economic impact study, it supports more than 13,000 jobs in those two states.

some of those jobs include hourly stadium employees and with all of these cancellations across the country of major sporting events, lot of people are wondering how those employees will make ends meet. that's something dallas mavericks owner mark cuban talked about this morning with maria bartiromo. listen. >> in our particular case, we are going to pay our part-time and hourly employees as if the games took place. we would have had a game tomorrow and we will pay them as if that game took place. reporter: of course, march madness has been canceled all together. the ncaa generates almost $1 billion in revenue from that tournament alone. a lot of that just from broadcasting rights and with no games being played, there's no games on tv, so the ncaa won't see any of that money. david? david: grady trimble, thank you very much. appreciate it. we are getting some breaking news on the national guard. according to lucas tomlinson, our producer focusing on the

pentagon and the military down in washington, the national guard is set to deploy 1,000 troops to six states across the nation by the end of today. a quick deployment. they will help out, i assume, as they are helping out in new rochelle to keep things clean and orderly. it's not a military -- obviously not a military operation but just to make sure that the citizens are safe. on the phone right now, moody's analytics capital markets chief economist john lonski. john, great to see you. you know, you kind of worry about negative headlines or headlines that could be perceived as such, as moving the markets in a downward direction because they have been so shaky. but today, it looks like a pretty positive trajectory. does it not? >> yes, and hope it stays this way. stocks right now are cheaply valued. we have gone from what was one of the most overvalued equity markets not too long ago since

2002 to what is a decidedly undervalued equity market in terms of fundamentals and interest rates and whatnot. usually when you have an undervalued equity market, you will be looking at a positive return from equities 12 months from now. david: you say undervalued. that's based on where we were before the virus. how soon do you think it will take to clean up the mess from economies that have been dormant for several weeks if not months? >> yeah. i think, you know, eventually the economy is going to recover. we just don't know what the downside is going to be because of the virus. we don't know how much, how long this is going to linger, how it's going to hurt sentiment, spending and the like. that's the big question mark. so it's too early to call a bottom for the equity market, but you know, over the long term, you should see the market rise significantly from where it currently resides. david: you seem to be talking up

the market as we speak, it's now up 948 points, about 4.5%. at what point, it's now down to where it was essentially december of 2018. that's when we had those rate hikes by the fed that bothered the president so much and he eventually helped talk the fed into dropping those rates. but we are at that level of about 22,000. what level do you think we will be at, will we shoot back up after this is all over to where we were as the virus began to hit in the first place? >> if we still have low interest rates, there's a pretty good chance that we're going to see the market rise sharply. i would imagine that we'll have a little bit more slack in the economy, so that would make the upside for the u.s. economy in terms of sales growth and earnings growth look, you know, quite good and that could provide some very important upward momentum to equities. let me put it bluntly.

you would have been in a very bad losing position if you put yourself in a situation where you were betting against the u.s. common equity market over time. there's no question about that. david: i know. >> it always recovers, it always comes back. again, if i had a 401(k) plan, i would be of course saddened by the drop in the value of my equity holdings, but if you can afford to wait, you will probably more than recover from this latest slump. david: absolutely. of course, your 401(k) is the last thing that you should get out of, because it's going to be the last thing you use in retirement. but even best case scenario, you think there's any way we can avoid a down quarter, at least one down quarter? >> i think you are in for a down quarter in the second quarter. the good news is, according to the atlanta fed gdp now approach, midway through the first quarter, the economy is supposedly growing by about 3%

annualized, maybe because of the drop-off by activity in the month of march. we will see that growth rate come down closer to 1%, perhaps we shrink in the second quarter. then in the second half of this year, we ought to come back with some considerable vigor. we might see quarterly growth rates in the range of 2% to 3%. i don't know if they're right, but they say that the brunt of the virus will last maybe four two months. if we do begin to have these virus fears recede come june and july, then we could still be in for a decent showing by the u.s. economy in 2020 and with that, of course, a recovery by the equity market. david: sounds good. john lonski, moody's analytics. always good talking to you. thank you very much. >> same here. take care. david: coming up, we get a live report from the white house as the president meets with medical executives on a coronavirus

response. that's after this. ♪ ♪ ♪

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david: president trump is meeting right now with medical

executives at the white house on the coronavirus response. as he is set to hold a press conference at 3:00 p.m. eastern, about an hour and ten minutes from now, on the virus. blake burman is at the white house with the very latest on all this. hi, blake. reporter: hi, david. that 3:00 press conference in the rose garden. that's when we will potentially see a couple major announcements from the president, as i am told today that the president is likely at some point today to declare not only a national emergency but also tap into the stafford act. this would allow a few different things. flexibility within hhs in dealing with battling the coronavirus, letting fema into the equation, letting them help states and as you know, fema has all sorts of resources including money, and also, allow the tax filing deadline to be extended if certain individuals need it. at that press conference, there's also likely to be a host of questions about the president's interaction six nights ago saturday at mar-a-lago. the president on the left there, the president of brazil on the

right. those two as you can see in close contact. here's why that's important. bolsonaro announced today he had been tested for the coronavirus and he says that test came back negative. however, handshake there, as you see, a member of his delegation has tested positive. keep that in the backdrop because when the delegation was in miami as well, there were meetings there including a meeting with the mayor of miami, who announced today that he has tested positive for the coronavirus. so there are certainly going to be put questions before president trump potentially here about whether or not he needs to be tested, what might come about and how might the white house respond because you've got all these interactions involving the brazilian delegation, and at least one test positive of the coronavirus. meantime, elsewhere in washington, the treasury secretary steve mnuchin trying to strike a deal with the house speaker nancy pelosi on a stimulus measure. so far at this moment, no deal

yet, though if it comes about, it would likely include things like paid leave and free testing for all. mnuchin today, david, described the stimulus efforts right now as in the second inning, saying that if and when this is wrapped up, the third inning or maybe the fourth inning, at some point after that, he would have his sights set on helping out the airline industry. >> so this isn't a question of too big to fail or not too big to fail. it's a question of if there's short-term liquidity issues that impact lots of workers, we're going to be working with congress on that. reporter: so here we are, 1:51 in washington on this friday afternoon, nine minutes from now nancy pelosi is scheduled to hold a press conference. we should have an update soon on where that house legislation that's being crafted by pelosi and mnuchin stand. steny hoyer, the number two democrat in the house, has already said they are going to be voting on a bill today, whether or not that has republican support or not. you know the makeup in the house. democrats should potentially be

able to pass it. the question is whether or not over here at the white house, president trump would support it and then we will hear from the president at 3:00. no coasting into the weekend at all, david. david: no. reporter: on what has been an incredibly busy week. david: you should keep talking, because as you are talking, the market has gone up over 1,000 points. whatever it is you're saying, the market likes. all right. let's talk about the markets with "making money" host charles payne. charles, it's very encouraging, by the way, to see a market gain of over 1,000. it looked like it was losing those gains earlier today. but you said something earlier that i loved. you said, you phrased it we're in the process of finding a bottom. we haven't found a bottom. we're in the process of it. can you explain that? charles: there's sort of a lure, a mythological lure with investors that somehow there's this particular session where we have this climactic selling and someone rings the bell afterwards and says that's it, folks, the worst is over, like

going to the dentist or getting a shot, right? it's really a series of these things. most of the times we don't even realize that we have gone through that, you know, that sort of inflection space because there's pain before, there's a lot of pain during it, and there's even pain afterward. that's what the process feels like. david: it's a positive process and we emphasize the word positive because we have had too much negativity here. good to see you. see you in just a few minutes. charles: thank you. david: so where exactly did the coronavirus originate? why a chinese government official, believe it or not, is saying it originated here, not in wuhan. we will be talking to susan li about that coming up.

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when you look at this virus, is there any doubt in your mind that this came from wuhan china. >> it absolutely came from wuhan china. there's no doubt about that. >> national institute of allergy and infectious disease, saying the coronavirus, he has no doubt in his mind originated in china. now the u.s. state department is summoning the chinese ambassador over allegations that the u.s. military brought the coronavirus to china. susan has more on this. it seems so petty to argue

this. >> and it came from the chinese foreign ministry, this tweet from one of the members sang that the u.s. army brought this to wuhan china but it shows the deterioration between the two largest economies, the u.s. and china. yes the trade wars on the back earner because of the coronavirus but you see there's a lot of distrust between the two countries. by the way, don't forget the chinese president also needs legitimacy to stay there as well. maybe for him it's a pr move to shift the blame to the u.s. this didn't come from us, it didn't start in this country, but if you want to look at the other side of containing coronavirus, look at the numbers in china. it's a good story what they're doing to turn this around. it shows you if they can do it we can do it. but you talked about legitimacy. this is such illegitimate argument to make credit so

easily disproven. the whole world knows it's a wuhan virus. >> will also, it continues because they wanted the other arm of the chinese government and they threatened it cut off the pharmaceutical goods that come here to the u.s. china has really tight grip. i think they supply 80 or 90% of the antibiotics that come through the united states. 70%. >> in the u.s. they will make them drown in the coronavirus if they're not careful. it's nasty talk in particular given the situation where the world is going to come together. >> but on a positive note we do have u.s. businesses again reaping the rewards of the other side. fox, which assembled the iphones, apples are reopen, factories are in full production once again so this is actually helping this market. >> susan, thank you very much. don't miss bulls and bears.

it begins at 5:00 p.m. eastern and of course at 3:00 p.m. eastern time about an hour from now you will hear the president, we expect him to declare national state of emergency because of the virus and charles payne is going to lead us right to the president. >> thank you very much david. good afternoon. i'm charles payne and this is making money. stocks are surging trying to shake off one of the worst single day dropping in history. continuous folks, that is the word of the day. plus new hope from a coronavirus test that could speed up results and social distancing, is that the best way to combat the virus? meanwhile president trump will be holding that news conference at the top the next hour. reports say he may declare a national emergency. the main players say they are close on a