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tv   FBN AM  FOX Business  March 19, 2020 5:00am-6:01am EDT

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collins. kt mcfarland be kimberley strassel from the "wall street journal." we thank you for being with us this evening. good nighththththt cheryl: it is 5:00 a.m. here are your top stories at this hour. new developments overnight, president trump signed the first coronavirus relief package into law after the senate approved it and breaking just before midnight, the federal reserve made a big move to help stabilize u.s. financial markets and money market funds from the impact of the pandemic. right now, dow futures up by 38 points. lauren: help on the way and we might need it today, all eyes on first-time jobless claims from last week, they are due out a few hours from now. will the government response be enough to soften the blow for workers everywhere. cheryl: as young people are called on to do their part to help stop the spread of the virus, we'll talk to one college
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student who tested positive after returning home from spring break. his message for his generation. it's thursday, it's march 19t march 19th. "fbn: a.m." starts right now. ♪ lauren: good morning, welcome to "fbn: a.m.." i'm lauren simonetti. cheryl: and good morning, lauren. hello, everybody. i'm cheryl casone. lauren: let's take a look at how your money is moving. take a look at this, after plummeting overnight, u.s. futures are now higher and decisively so, dow climbing 90 points, s&p up 7, nasdaq up 100. we have seen the s&p move up or down at least 4%, huge volatility the past eight days. the dow will open today under 20,000 for the first time in three years. cheryl: after those huge losses yesterday that we experienced, let's take a look at oil that has been flirting with the $20 level. we're at 23, 44, a gain of 15%
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on oil. also a gain of more than a quarter percent on gold, 1483. lauren: take a look at the yield on the 10 year treasury, it is down 1.7 basis points this morning, at 1.168%. cheryl: stocks in a asia continue to react to the continued spread of the pandemic, more than 81,000 cases in china, 3200 deaths there. red arrows across the board following that u.s. market selloff that we had yesterday and as you can see, the biggest loss right now, south korea's kospi down more than 8%. lauren:etteless take a -- let's take a look at european stocks. the french market is up 2.7%. the ecb announced an $820 billion stimulus package. kristin lagarde firing the bazooka and european markets certainly like it. cheryl: take a look at the currency board and see how the u.s. dollar is trading against
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currencies around the world, as you can see, those currencies are weaker versus the dollar. the dollar strengthening overnight as well as with markets selling off yesterday, you're going to want to watch the dollar today. lauren: part of the dash for cash. overnight, the federal reserve took more action to stabilize financial markets from the impact of coronavirus. cheryl: the central bank under chairman jay powell creating a back stop to assist u.s. money market funds. there were concerns that people would put a run on money market funds. the program will help the funds meet redemption demands from investors that are looking to cash out during this time of extreme volatility. we're going to take a closer look at what the government is doing to help boost the economy, treasury secretary steven mnuchin will join maria bartiromo at 8:00 a.m. eastern time on "mornings with maria." lauren: and covid-19 has hit capitol hill, two congressmen testing positive for the virus. lawmakers working to pass
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president trump's trillion dollar stimulus package to provide much needed relief right now to americans. cheryl: griff jenkins is in washington as more aid is on the way. griff, good morning. >> reporter: good morning, lauren and cheryl. the president describes himself as a war time president and it gives the president a lot of authority like the ability to deploy navy hospital ships, and power to compel private industry to ramp up production of critical medical supplies and vowing the u.s. will achieve total victory. the president said he's not afraid to use it. >> we have tremendous numbers of ventilators. there's never been an instance like this, where no matter what you have, it's not enough. >> reporter: after signing the relief package into law that includes free testing for covid-19 and paid emergency leave, president trump is counting on lawmakers to pass the trillion dollars stimulus package, to start issuing checks
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directly to american as soon as april and $300 billion to rescue businesses facing financial ruin. meanwhile, capitol hill is bracing as a representative from florida and utah become the first two lawmakers to test positive, one is a republican, the other a democrat, a stark reminder the virus cares little who the victims are. they are doing okay. one issued this statement, i want to let everyone know i'm feeling much better, but it is important that everyone take this seriously and follow cdc guidelines. we must continue to work together to emerge stronger as a country during these trying times. the question now is will the senate get things done today. i don't know. but lindsey graham says he hasn't seen this kind of spirit of cooperation on capitol hill since 9/11. lauren, cheryl. cheryl: that says a lot. griff jenkins, thank you. fox business has obtained a copy
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of the treasury document with more details on how the stimulus package would be broken down. 5 of billion dollars for the -- $50 billion for the airlines, $300 billion in small business loan guarantees, $500 billion direct payments to americans, half of that would be on april 6th. the other would be on may 18t may 18th. lauren: someone will having to say about that but they're acting and acting fast. the coronavirus is spreading from coast to coast, overnight threatening the lives of americans in every state, despite empty streets, city lockdowns, thousands of new cases are confirmed in the past 24 hours. cheryl: todd piro has the latest for us. todd, good morning. >> reporter: lauren and cheryl, good morning. so much has changed in the last 24 hours. that is a phrase we can expect to say a lot in the coming months. on the east coast, connecticut and pennsylvania reporting their first covid-19 deaths with new york city cases doubling to
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nearly 2,000. mayor bill de blasio calling for president trump to mobilize the u.s. military for logistical support and medical teams while clarifying what a shelter in place order would entail. >> very clear rules about staying home, get rid of all nonessential work necessary to slow down the growth of this disease. it's a smart plan. >> reporter: on the west coast, in seattle, the cdc is admitting that health professionals working to contain the virus actually ended up spreading it. staff members who worked while sick at multiple long-term care facilities contributing to the spread of coronavirus among the elderly. las vegas casinos shut down. the vegas strip closed for the first time since the jfk assassination. a month-long freeze on cam bling in effect. -- gambling in effect. thabay area transit slashed sere as commuting dropped 87% there, as 20% of californians are under
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a shelter in place order, around 9 million people. nationwide, the latest numbers continue to rise, close to 10,000 cases, 150 deaths. meantime, the president teasing a major announcement involving the faked while updating -- fda while updating the public on a possible vaccine. >> thanks to unprecedented partnership we reached human trials for the vaccine, just eight weeks later. that's a record by many, many months. >> reporter: the president adding that the medical community is working on a self-swab, that would be much easier than the current test. it remains to be seen whether the self tests are as effective. the goal is to free up spaces in hospitals which are expected to struggle as they try to care for patients. lauren and cheryl, back to you. cheryl: todd, thank you very much. abbott laboratories winning emergency approval from the food and drug administration for its coronavirus test. abbott is going to ship 150,000 tests and says it will continue to ramp up production with the
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goal of providing up to 1 million tests a week. this is an important development. as u.s. officials work to track the spread of the deadly virus, todd just reporting on that, shares of abbott labs as you can see right now up one and a quarter percent in the premarket. lauren: let tas a look at -- let's take a look at america's automakers, temporary halting production. general motors, ford, fiat chrysler shutting down factories after speaking with union leaders. it's an unprecedented move. production will be suspended at least until the end of the month. cheryl: all right. well, general motors is also looking at using its factories to help produce desperately needed medical equipment like ventilators. and harvey -- harley davidson is halting production in the u.s. until march 29th after one of its workers contracted coronavirus. lauren: tesla ignoring a shelter in place order in the state of california. the company is still making
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vehicles at its fremont plant but reportedly plans to limit its workforce there to about 2500 people from 10,000 people. the county sheriff's office where tesla's factory is located says tesla is not considered to be an essential business under the shelter in place order. ceo elon musk tweeted earlier this month that the coronavirus panic is dumb. we'll see if he changes his mind. cheryl: he might have to. here are some other headlines making news today. a carnival owned cruise ship carrying over 200 americans and dozens of sick passengers is expected to dock in france today. the ship reportedly has 24 isolated crew members. more than 50 passengers are sick or they are sharing a room with a sick person. right now, it's unclear what will happen once the cruise docks since france is now under a 15 day lockdown. well, maybe hospital ships mercy and comfort are going to be deployed to the east and west coast to respond to the
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coronavirus pandemic at home. the ships will bring 2,000 additional beds for patients without the virus, freeing up hospitals to treat co-i have-19. it -- covid-19. americans getting more time to pay their taxes, the irs has announced it's pushing back the tax payment deadline to july 15th due to the pandemic. people who want to delay payments must still submit tax returns by april 15th to claim the new benefit. so you've still got to file by april 15th. lauren: now you know. let's take a look at futures. volatility once again the name of the game as we've seen features swing from sharply lower to now down 47, looking at the dow. nasdaq up 49 points this morning. look, all eyes will be on the coronavirus fallout. we'll see them in the initial jobless claims that we get out a few hours from now. will the government response to the pandemic be enough to soften the blow for many americans? cheryl: and as the country deals with fear and uncertainty,
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now. thanks for of joining us now. good morning. >> good morning. lauren: good to see you, bright and early. we've gotten some of the state data for the number of folks filing for first time benefits. the numbers are rising drastically. we are a 70% based service economy. the service sector is for the most part shut down. how bad are you expecting this number to be? >> well, like anything in these moments in time, who knows. it will just depend on how long it lasts. do we have a quarantine lifestyle for two weeks, four weeks, six weeks, eight weeks, 10 weeks and then the longer it lasts, the more the numbers will kind of grow and that's it. the markets will continue to fall. but there is no guessing whatsoever. i think most employers do want to keep people employed. i think the government is trying to backstop things as best as possible. but the best case scenario is if our quarantine lifestyle ends sooner than expected. lauren: looking at china, two months in for the first time,
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china reported no increase, no new numbers for domestic cases. so maybe we too are two months out. speaking of backstops, the fed has launched a lending facility, money market mutual funds, making loans, making cash available to financial institutions and those who need it. there is a dash for cash going on. can we, in your opinion, does this work and does this stop what could be some sort of banking crisis? >> well, that's the attempt, for sure. and i certainly hope that it does. it's so important to not have money markets fail. yes. investors are flooding to cash. just as before this crisis, we saw the dollar and gold and bonds and the market going all up at the same time. have a great saying, when markets sell off, meaning all correlations go to zero which means everything heads in the same direction and the direction has been down. the volatility has been high.
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and so investors just don't know which way to turn and they go to cash. i know myself, i have a large cash position at the moment as well. so what's interesting about this is that the markets are stabilizing a little bit, around 68, 75 with the nasdaq and 23, 75 on the s&p. if we can hold those levels, i want to see the vices drop below 75 and the markets may drop in the short term but we're waiting for the other shoe to drop on the news items. markets will bottom out long before corona cases will peak as markets try to anticipate everything in advance. looking to that volatility to go down. lauren: that's going to be interesting to see on monday. for the first time ever, human traders will not be on the floor of the new york stock exchange while the market activity is still going on. you don't have the human trader for price discovery, how does that affect volatility? >> it just depends on how smooth the operations are. one scenario is that operations
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go as they do normally and traders just trade as normal. but if the operations slow and we don't have a loss and confidence of wondering if the volatility will slow a little bit, the whole thing about the markets hitting the circuit breaker is to give investors a pause so you don't have cascading downfalls, it may work that way if this slows what sweer and it -- whatsoever and it could reduce volatility. it remains to be seen. lauren: it all remains to be seen. thank you. we appreciate your perspective. cheryl: while as president trump is continuing to be criticized over calling the coronavirus the china virus, what does it mean for the u.s. relationship with beijing. it china going to have to step up for its misinformation campaign. lauren: fast food chains are opening their doors to make sure no kids are left hungry. we'll have those details
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straight ahead on "fbn: a.m.." just over a year ago,
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i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights to getting my money right. so thank you.
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>> ambassador and i spoke to my counter part in china a couple days back. this disinformation campaign which began when we began to call out this risk that was created not only for the chinese people but now we can see people all across the world where the chinese government knew about the world, identified it, they were the first to know and wasted valuable days at the front end allowing hundreds of thousands of people to leave wuhan and go to places like italy that is now suffering so badly, they tried to suppress the information, instead of working to suppress the virus. the chinese communist party didn't get it right and put countless lives at risk as a
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result of that. cheryl: that was mike pompeo commenting on china's attempts to cover up its response to the coronavirus outbreak. this is the latest example of the trump administration calling out china's campaign of disinformation. should investors think twice about investing in chinese funds? let's bring in life plus liberty index's founder, perth toll. good morning. >> good morning. cheryl: we'll talk about investors in a second. first, is china the new enemy? >> i wouldn't say china is a new enemy. i would say that we haven't seen out of them what the engagement we've had, what we are expecting out of thate that engagement. i don't want to look at them as an enemy but they have not been friendly towards us. cheryl: a lot of concern out there about the pharmaceutical industry. there's a lot of production that's china-based. are you concerned, are you
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hearing reports of medical -- not just medical supplies but also pharmaceuticals, is there a supply chain disruption right now? >> yeah, as far as pharmaceuticals, i am not looking into that specifically. as far as supply chain disruptions, we are certainly seeing a lot of supply chain shift out of china into some of the neighboring asian countries, such as taiwan, south korea, vietnam, en indonesia, even mexo or india. apple's suppliers have started the process of shifting that supply chain out of china and into these other countries and that has just accelerated at this point. cheryl: we're asking that question every day at this point. i wanted to get that out there to our viewers who are concerned about their medications that they need. let's talk about the issue of china and the investment side of all of this. you made a really good point in your research that this is a country that is expelling american journalists, they are clamping down on their own media, they're not known for
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human rights and we should start to think twice about investing in funds that are reflections of the chinese market. >> yeah, exactly. so just as supply chains are diversifying out of china, investors need to make sure they have maximum diversification especially in a market like this. emerging markets funds out there have 34 to 38% of their allocations to china, if you're looking at something that's benchmarked to the msei or the ftse indices. so that's a lot to have in one country. that is not diversified. what we do is freedom weighting. we don't exclude china by arbitrarily. we just use freedom weighting and use data from the kato institute and the foundation and based upon that data, because china ranks so poorly in human freedom and economic freedom,
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although they made progress on the economic freedom side in the last few decades but not so much on the human freedom side which is going looks like backwards at this point, we don't have any china exposure in our freedom 100 emerging markets index. cheryl: we're all asking questions about should we be invested in those funds. frdm index, i want to get that out to our viewers many thank you for the commentary. it's a big topic right now. thank you. lauren, over to you. lauren: let's take a look at your money this morning. the nasdaq is showing steady gains this morning, still off a third of 1%. the dow and s&p are lower, dow down 124 points, s&p down 11. very volatile markets, furloughed employees, fights over toilet paper. is the human response to the pandemic causing more damage than the actual coronavirus itself? and one bright spot in all of this is cheap gas. is 99-cents a gallon too good to be true? as we head to break, take a look
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at today's national average, $2.20 a gallon. keep it here on "fbn: a.m.." announcer: there are everyday actions to help prevent the spread of respiratory diseases. wash your hands. avoid close contact with people who are sick. avoid touching your eyes, nose and mouth. stay home when you are sick. cover your cough or sneeze. clean and disinfect frequently touched objects with household cleaning spray.
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lauren: good morning, here is your morning cheat sheet. the coronavirus does continue to spread with almost 10,000 cases and 150 deaths right here in the u.s. connecticut and pennsylvania reporting their first deaths with new york city cases doubling to nearly 2,000. two congressmen testing positive for the virus. president trump signing the first coronavirus relief package into law. it includes free testing and paid emergency leave. lawmakers now weighing the trillion dollar stimulus package with the centerpiece being the $500 billion to start issuing checks directly to american as soon as april and $300 billion to rescue some businesses. and the federal reserve is creating a backstop to assist u.s. money market funds. the new loan program will help the funds meet redemption demands from investors looking
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for cash during this time of extreme volatility. cheryl: that's big. there was a lot of concern there was going to be runs on the money market funds, lauren. let's look at oil prices right now, staging a rebound this morning after crude fell to its lowest level in more than 18 years yesterday during trading. phil flynn, senior market analyst as price futures group and fox business contributor is with me now. phil, good morning. >> good morning. good morning, cheryl. cheryl: talk to me about the $20 level. we were very close to that psychological level yesterday. what do you make of what you're seeing. >> i think there was a strong level and the way we bounced off of there, maybe we found the price on oil where we can stabilize and get a handle on how bad the demand destruction is. make no mistake about it, i'm pulled over on the highway right now, i'm looking at a highwayed in downtown chicago even at this early hour it's normally packed with traffic, at this hour there's a handful of cars,
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almost like a ban bad movie. i can't believe what i'm seeing. cheryl: your point is good. because even though we're seeing these record low -- not record low but near record low gasoline prices, it's not helping us. it's not helping americans. >> it is. cheryl: they're not driving. >> we've been dreaming about low gasoline prices, now we have no place to go. restaurants are closed. you're supposed to avoid gatherings. there's signs that normally say that watch out for traffic up ahead, today they say avoid large gatherings. cheryl: what are you hearing about the shale industry right now in this country? a lot of talk that they may need a bailout. every industry seems to be looking for a bailout. what are you hearing? >> i'm hearing some really bad stories. i'm talking to people in the patch. i'm hearing layoffs and everything else, a lot of doom and gloom in that industry. they believe they deserve a
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bailout. that industry revolutionized our economy, made us less dependent on foreign countries, allow us to increase spending on defense in a lot of areas of the world. right now, they're taking a hit. u.s. senators wrote a letter to saudi arabia, for the way they manipulated the market and took advantage of our shale producers in the crisis. not one democrat signed that letter. that kind of shows you when it comes to energy in this country, old fashioned energy is not bipartisan. cheryl: real quick, we're out of time but is opec going to cut production, do you sunshine. >> right now -- do you sunshine. >> righthink?>> right now, saus like they're on a mission to go bankrupt or drive everybody else bankrupt at the same time. unless there's a change of heart with saudi arabia, i don't see it right now. cheryl: thank you for joining us from your car, from chicago. thank you very much.
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as i send it to you, normally we've got phil on the trading floor in chicago. the physical trading floors are shutting down. it's crazy times. lauren: life will be different for two weeks to a month, right. hopefully not too much longer. that's something we're talking about right now. this fear that we're seeing because of coronavirus, it's crip martin luther kincrippling. is the reaction to the virus worse than the actual outbreak. we asked that question to wendy dick inson, founder of growe counseling, also a psychologist. thank you for joining us. is the public reaction worse? you go into the food store, there's no toilet paper. people start to freak out. >> part of what's going on, there's been a lack of consistent messaging. stress goes up when people don't know what to expect. there's a fear of the unknown. and there's no end point. so we don't know exactly what's coming. we don't know how to prepare
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well. and that leads to a lot of fallout, panic buying, panic in general. so it's hard to say whether there's an overreaction. lauren: you're right. for a lot of people, what they are seeing in the immediate term is they don't have income right now. i wanted to ask you about this. there's a hedge fund investor, his name is bill akman and he tweeted, mr. president, the only answer is to shut down the country for 30 days and to close the borders. look, a tweet like that made investors and made all people with a 401-k nervous in general. but he clarified this just hours ago. he said this. if that happens, if the shutdown happens, we can win the war against the virus and the markets and the economy will soar. does he have a point in terms of messaging? >> you know what i think he's getting at is some certainity and clarity at least in the short run. there's a lot we can't predict or control.
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i think the heart of what he's talking about is giving people some sense of parameters, some sense of an end point, and then people would be able to kind of adjust around that. so it's hard to say exactly what the financial ramifications of that would be but i think from a psychological perspective it would help people to have a sense of clarity about what the next few weeks hold. lauren: we do expect the numbers to spike. in fact, in new york, we certainly have seen them spike. we know that hospital ships are coming to be hospitals. should we need them. is there a way to transition how we think about this from, okay, we are prepared for the worst of the outbreak, should that happen, as being a positive? >> i think there's always an opportunity to look for the positive. there's a psychological concept called confirmation bias which means we basically find what we look for. so if we're out there looking for fear and anxiety, we're
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going to find indicators of that. if we're looking for things that are positive, where i've been talking to my clients about making a gratitude journal, if we're working hard to see the things that are positive and the areas that have opportunities, we're going to find those. lauren: when wendy dickinsonk you for coming on this morning. >> thank you. lauren: cheryl. cheryl: let's let our viewers know what's happening today. president trump is set to meet with the press today to discuss the latest regarding the government's response to the coronavirus. they've been doing these briefings every day. he's also going to meet with the fda commissioner to discuss progress on therapeutics and the challenges faced in getting hopefully vaccines out to people eventually. that is the hope, lauren. lauren: today, walmart is cutting their store hours nationwide. they will be open from 7:00 a.m. until 8:30 p.m. they're also adding senior shopping hours every thursday starting on tuesday, shoppers
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over 60 can shop for an hour before the stores open. best buy, they're shortening their hours, they're staying open because obviously people working from home need electronics. starting today, gap, old navy, banana republic and intermix will close for two weeks. dick's sporting goods also closing for two weeks. cheryl: a lot of lost paychecks in that story. with many students at home due to the pandemic, fast food chains are trying to find ways to help families in need. burger king is offering two free kids meals with any purchase through the burger king app, mo's southwest grill is offering a free kid'se's entree with the purchase of any adult entree. the meals are available at specific locations every day ott the week and there is no purchase necessary. i've got to say, lauren, we as americans are really banding together to get through this and i love the restaurants are
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stepping up. lauren: beautiful stories coming from many people, many businesses. your money right now, the nasdaq is higher by 4 points, the dow is down 205 this morning. officials calling on young people, please do your part, help stop the spread of the coronavirus. we're going to talk to one college student who did test positive after returning home from spring break. he is sending a message to his generation. cheryl: can't wait to hear from him. and how is the outbreak impacting the housing market? we've got rogers heely on fact versus fiction on what we're seeing. that's next on "fbn: a.m.." in the transportation industry without knowing firsthandness the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. that's why i go beyond the numbers.
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cheryl: the real estate market feeling the impact of the coronavirus with buyers and sellers turning to virtual tours to avoid person to person contact. but is it a good idea to even buy a new home without even seeing it and there's a lot of questions about the industry. ceo of healy is here. talk to me about these virtual tours, are they working? is there interest out there? are buyers actually hitting the buy button? >> yeah, yeah, we've been doing virtual tours for a long time, whether it's a commercial or literally just an old school virtual tour. it's nothing we haven't seen before. now that we're relying on it heavily, we've got to go all-in. buyers love it, especially people that are out of town, where people move from call
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california to new york, et cetera. if you're buying something, i think most people have the wherewithal to have a tangible feel for the actual product. so we'll see what's going to happen. it will keep us afloat for the time being. cheryl: let's talk about what potentially could happen with incredibly low mortgage rates if the buyers are going on virtual tours, if they're jumping in because they're looking for opportunity. do you think we're going to get into bidding wars in this country for properties? because smart real estate investors know, frankly when there's blood in the water, that's the time you jump in. that sounds crass, i realize, but it's the truth. >> ha listen, it's true. i think the next couple weeks people will be staying home eye ron click because that's been -- ironically because that's been mandated. people may need to sell quick. consistent bidding wars right now, i don't see it part of the immediate future. hopefully if rates stay low,
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we'll see stuff that will keep us in business. cheryl: i remember here in manhattan after 9/11, there were people looking to buy real estate in downtown new york like a month after and i know it sounds crass and sounds harsh, but we're seeing the same thing in the stock market, when the stock market starts to fall, people are like i'm going to get in, it's cheap right now. do you think that happens? >> that's business, you know. and for the last five or six years i've been preaching that the definition of a good deal is a deal that makes you feel good and the translation of that is it's hard to go and get a deal when you can get significant cost off the price but now a good deal might mean you're buying it for 70, 8-cent 0-cents on the -- 8 80-cents on the dollar. people have been smart where i think we'll be protected in the long run and hopefully there won't be that many good deals financially coming up. cheryl: okay. i think it's also like all about
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location, right, because we're seeing bidding wars happening here in new jersey and parts of new york. i'm seeing a lot of deals, a lot of homes being listed believe it or not in this part of the country. >> yeah, and again, it's what we have, we have the spring market coming up in a week. normally after spring break which is adding right now-ish, we see this happen. i think it's going to happen, is the seasonality of residential real estate is going to change significantly. we're going to see people -- it may be the fall and winter which historically are slow, we're going to -- cheryl: rogers, thank you very much. we need to have you back. this is an evolving story. >> god bless you guys. stay home. cheryl: take a look at futures right now. here we go again. we're seeing again more volatility in futures. remember, the s&p, we had almost been limit down overnight. now we're down 15 points, the dow is down 102 points right
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now. what's interesting is that the volatility is here to stay. we had a record on the vicks earlier this week. there's new reports that young people may be more at risk for getting the crust. coronavirus -- coronavirus. we'll talk to one that just tested positive. he has a big message for his own generation. lauren: can't wait to hear him. amy cloc klobuchar addresses rus on whether she'll join the joe biden presidential ticket. what did she say, coming up on "fbn: a.m.." let's get down to business. the business of road trips... ...adventure... ...and reconnecting. modernized comfort inn's and suites have been refreshed
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lauren: as more and more officials are calling on young people to stay home to help in the fight against the coronavirus, we're joined by a young person, dominic. he's a student at the university
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of pennsylvania and dominic, you did just test positive for coronavirus. interesting to hear your story. good morning. >> good morning. thanks for having me. lauren: so what happened? you were on spring break in spain, i believe? >> yep, we had a spring break planned to go to barcelona, spain, for a couple months now. we went there and the cases were in the single digits as far as our knowledge went. so wasn't really concerned in a city with 5.5 million people. we planned to leave on saturday but early on wednesday, last wednesday, we were watching the news and trump said that he was going to ban travel from europe so we frantically bought plane tickets to head back to the states. i came back. we were cautious. i tried not to do anything crazy. i didn't have any symptoms. lauren: oh. >> then on this past sunday i learned that my friend tested positive for the coronavirus.
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lauren: did your friend have symptoms? >> i got a sore throat, congestion and cough so i decided i should get tested. i was confirmed positive. lauren: that's the thing, dominic. the cdc says, hey, look, young people might recover faster but if you look at patients in the hospital, the new york times is reporting that 38% of 508 people in the hospital were ages 20-54. what's your message to millennials and gen-z and young people out there right now? >> well, for me, the symptoms i had were so mild, i don't even think i would have seeked medical attention or taken medication for this. so my advice would be no matter how mild your symptoms are, act as though if you have it and be careful, get tested if you can, but even if not, presume you have it and take the necessary precautions. lauren: that's what so alarming, you have no symptoms but you have it.
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how many days have you been under self quarantine. >> this is day five of self quarantine which is hard because i have to stay in isolation in my room here. but my family is also under the quarantine. they're quarantined in the house with me who is positive, although they're not positive. but they still have to stay quarantined within the house. lauren: dominic, thank you for joining us. thank you for your story and your message. and good luck with the rest of your days in your room. we wish you the best. >> thank you. cheryl: he's got a good attitude about it. here are other headlines making news today. senator amy klobuchar addressing rumors she will join joe biden's presidential ticket. she was on the view yesterday. she said she doesn't talk about hypotheticals and has not spoken to biden on the matter. rumors of a biden klobuchar ticket swirled during the announcement that he would pick a woman for the role. harvey weinstein waking up in maximum security prison, he was
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transferred to that facility in upstate new york last night after spending time in the hospital for heart issues after his trial. weinstein was sentenced to 23 years in prison. major u.s. prisons reacting to the coronavirus outbreak. some prisons like rikers island are considering freeing inmates to stop the virus from spreading. no announcements have been made for action on the federal level. and one priest making confession as easy as ordering a cheeseburger. father scott homer in maryland lawned a drive-through -- launched a drive-through confessional to let people unburden their soul during the coronavirus outbreak. lauren, he is definitely like -- that's got to be a popular drive-through. lauren: americans are getting creative in this unprecedented time. you know, i love it. and we have some more feel-good stories coming up next on "fbn: a.m.." in the meantime, dow down 191,
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nasdaq holding onto a gain of 4 points this morning. we'll be right back. driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u.s. equity trades.
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and platelet donations and asks all healthy donors
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to schedule an appointment to give. now, with the corona virus outbreak, it is important to maintain a sufficient blood supply. your blood donation is critical and can help save lives. please schedule an appointment today. download the blood donor app. visit redcrossblood.org or call 1 800 red cross today. you can make a difference. cheryl: you might be running out of things to do. lauren: we are, absolutely. something that might keep us occupied, what do you have,
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mike? mike: with the sports world essentially shut down, many sports fans are freaking out. both nba and nfl offering on-demand service for free. nba has something called their league pass which you can rewatch any game from this past season as well as classic games and you go over to nfl, they have nfl game pass. any game since 2009. so now you can rewatch it as if you're seeing it for the first time again. this is to help anybody with the sports fix or sports desire. very cool. cheryl: a lot of them out there. mike: absolutely. cheryl: some are turning to holiday cheer?
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mike: 3 months seems like 3 months ago and seems like forever. this has become a viral sensation that people are hanging up christmas lights to bring christmas cheer to everybody. lauren: i like it but it's a lot of work to put them up and back down. mike: if you know actor, he probably played a movie that kevin was in. >> every one of us has someone who is staying at home. mike: promoting, stay at home, but, listen, talk about who you are staying at home with. good stuff from kevin.
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cheryl: mike gunzeman. thank you for joining us at fbn:am. lauren: we will send it over to mornings with maria. good morning, maria. maria: good morning, ladies, thanks so much. happy thursday. good morning to you, it is thursday march 19th, first day of spring, top stories before 6:00 a.m. on the east coast. coronavirus continues to spread across america. concerns are growing over the number of young people contracting the virus. president trump signing coronavirus relief plan. provides paid sick leave. treasury secretary mnuchin will be joining us as government acts to protect the u.s. economy. the interview coming up.
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jpmorgan predicting that economy can go down 14%. shifting to electronically trading only. futures are searching for direction this morning. take a look at markets 6:00 o'clock a.m. on the east coast and we are looking at a decline once again. nasdaq down 21 and s&p down 27. market extending yesterday's steep selloff. dow closing below 20,000 for the first time since 2017. more actions being taken to combat the spread of the virus and economic impact. the european central bank watching 820 billion-dollar stimulus package. australia central bank making emergency rate cut. mornings with maria live right

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