joining us now, anthony scaramucci. good to have you here.y it's under these circumstances. >> yeah. >> are you at all surprised by the president's response that coronavirus -- i mean, the press conference on wednesday night of all the times we've heard from him since, it doesn't seem like i mean it's just -- that was a disastrous press conference. >> listen. i'm not surprised, but i think to defend the president for a second, he's flying in from india. he lands at 6:00 a.m. we learn he does not sleep on the play, doesn't sleep that day, gets to the press conference around 6:30 and then begins the process of what he typically does which is distort and try to curve the facts to a reality that doesn't exist. you have to be careful with that in this environment because it's based on science. you can't call it a hoax. it's spreading around the world exponentially. i'm hopeful that it's not super serious and we'll get it under control, and certainly it's a tragedy, lives are being lost. he could have handled it totally differently and put his expe

i just had anthony scaramucci on. i had to stop him and say, people are going to say, why is anthony scaramucci talking about this, but anthony scaramucci has done really well for himself on wall street. wall street is clearly not buying that the trump administration is prepared for the coronavirus. >> yeah, i mean, to be fair there are a number of reasons why investors might be worried about the economic impacts of whether we call it an epidemic or a pandemic, even if we don't have mass murnumbers of people get sick isn't the united states. there are supply chain disruptions in china that affect drug makers and auto manufacturers here. you have the tourism industry, the u.s. energy industry affected, lots of things that have nothing to do with politics and nothing to do with political leadership. but that said public confidence in political leadership absolutely matters. there's a way in which fear about the pandemic -- or the epidemic, let's say, or at least the fear about how it could be mishandled could lead compa

people at home are saying, what is anthony scaramucci know, he was white house communications director can you tell people why -- this is your business, this is what you do. >> i've been a market participant 31 years. when i left harvard law school i worked at goldman sachs. i went on, $10 billion under management. i've been a market participant 31 years. this is the most defensive position i have been in in 31 years. there's another thing going on in the market that market participants know. there's no liquidity in the market. the volker rule evacuated about a half a trillion dollars of balance sheet capital from the commercial banks around the world and so now we have a lot of all algorithymic traders. he took a weight from the scale and dropped it. >> now what? >> i think president markets will correct back. i think the president has to change his communication strategy. i think he has to layoff the messaging onto the cdc and those experts. >> so what happens -- >> and if he does that, i think people will calm down. >> quickly, though, what happens if more people start to get sick?

. >>> anthony scaramucci is here right after the break. protected my family against bacteria.don't last after people touch the surface again. new microban 24 - finally a household cleaner that keeps killing bacteria for 24 hours. watch as both brands kill 99.9% of bacteria and viruses. the difference? even after multiple touches, microban 24 keeps killing 99.9% of bacteria for 24-hours. new microban 24. available in multi-purpose cleaner, sanitizing spray, and bathroom cleaner. nefrom maybelline new york.ra the look of a lash lift without the salon hassle. double-curved lifting brush. long, lifted volume. ♪ new falsies lash lift mascara. only from maybelline new york. it's almost like a challenge everyday myww's been an amazing journey. to see how well i can eat and still enjoy myself all day long. i wake up every morning to see how much weight i've lost and how much better i look. myww join for free and get three months free! build a clear plan for retirement. one that covers health care costs, taxes, and any other uncertainties. because when you're with fidelity, a partner w

she's a very good person. >> anthony scaramucci, this was fun.e. >>> hundreds of people quarantined on a cruise ship now get to come home. why their ordeal is far from over. now starting at $7.99. now that's eatin' good in the neighborhood. and my lack of impulse control,, is about to become your problem. ahh no, come on. i saw you eating poop earlier. my focus is on the road, and that's saving me cash with drivewise. othroughout the country for the past twelve years, mr. michael bloomberg is here. vo: leadership in action. mayor bloomberg and president obama worked together in the fight for gun safety laws, to improve education, and to develop innovative ways to help teens gain the skills needed to find good jobs. obama: at a time when washington is divided in old ideological battles he shows us what can be achieved when we bring people together to seek pragmatic solutions. bloomberg: i'm mike bloomberg and i approve this message. france has confirmed the first coronavirus death outside of asia. meanwhile in japan, the u.s. embassy is preparing

manus: i caught up with anthony scaramucci. he said he is still very defensive.e the the markets fed in a gordian knot. eventually they will have to let the markets off the leash. would you agree with that? they have been the royal backstopped for 10 years. what is the consequence of a fed not responding to every moment of panic in the market? if you respond to everything, you have no conviction. i don't think the fed responds to everything. but they are mindful of the markets when they trend in a negative or positive direction. manus: at any juncture, we are reading stories about deficits. the deficit is rising. juncture, have we been ignorant of those two? >> i don't think the markets necessarily focus on the level of the debt. at least when the market is absorbing bad news or drops, spreads wide now. invests capital there to in those markets draw. they are not in a freefall. thank you so much. have a good day here at the conference. let's get to the bloomberg business flash. alibaba is apparently blocked from hong kong. it cannot be included. withxclusion of c

i said anthony scaramucci on and i had to stop him and say people are going to ask why is antheen scaramucci talking about this? but he's done very well on wall street. wall street is clearly not buying that the trump administration is prepared for the coronavirus. >> there are a number of reasons why they might be worried about an pandemic, there's supply chain disruptions in china that effect drug makers here. you have harm to potentially the tourism industry. you could have u.s. energy industry effected. and lots of things that have nothing to do with political leadership. but that said public confidence in political leadership matters. there's a way in which fear about the pandemic and the epidemic, let's say or the fear of how it could be mishandled could lead companies and consumers to pull back and say i need to hunker down because i'm worried this is going to be mishandled. the government doesn't know what it's doing. and there's a sense in which the trump administration has done exactly everything wrong. well before we even had heard of this particular strain of coronavirus. in the

anthony scaramucci was involved in a russian hedge fund under senate investigation. here is the story. look at that "new york times" right there. "the times" itself is backtracking on its own story saying house democrats either misheard or mistenterred a key part of the intelligence, that russians are intervening in the election to help trump. did not mean to say that. is jim acosta reading the times? >> you know, as you bring this up, one of the biggest concerns i have here, liz, is that, you know, jim is exposing this on the world stage, as the president of the united states and commander-in-chief is deployed in india and representing us there, to have the tit-for-tat there is very problematic and i got to tell you the history of who is reporting the truth i will let you defer to the fact-checking because you're the reporter. he should just stay in his lane, just report the facts and leave it at that. liz: i want to move on to the president announcing a 3 billion-dollar defense deal with india. the u.s., the president says, should be india's premier defense partner

even people who have been close to the president, worked for the president like anthony scaramucci tellingthe washington post," quote, if he gets real correction, a market correction of 10% to 15%, down draft in the markets, it would take one of the legs off a very big part of his re-election campaign. the economy means so much to this president, and he does not seem to think that this is going to have an impact. >> and he himself has made the stock market his personal popularity poll, right? a guy who a couple of years ago said i'm not a stock market guy is now someone who is making stock market strategy calls kind of on a daily basis here. he has made the stock market a barometer of how he's doing. and so if there were another tumble in the stock market, obviously, he's going to try to find ways to say that it's not his fault. the coronavirus is not this administration's fault. how it handles it is what will be the big test for this administration. and my sources this morning are saying that one of the important re-election arguments for this president, a strong economy and a strong stoc