will we know that indeed she met dr dietz friday it is dr gates as we just heard her a. new book called coal. vaccine as a precautionary measure and since then that doctor has tested positive for the novel coronavirus folk overheated and ninety's now i'm going to america looks like it is in the process of being tested the tests being carried out no i want to conclude is eat like in was in the next couple of hours for sure so she would be continuously regularly tested and for now she is staying as a precautionary measure is she staying inside current enough and disposing of the government stepped inside about say that she would continue to work from home from the time being while being regularly tested now how is this going to affix germany's response to the pandemic. well she hasn't tested positive yet she's not sick yet so she's going to work from home of course at the moment germany will lack a visible representative if she cannot for example address the nation as she has done that she is only doing vision conference video conference so phone calls but she isn't sick y

david dietze, keith fitz-gerald, appreciate it. >> thank you, chairman.heryl: the first two members about congress, florida's mario diaz-balart and utah's collins are testing positive for the coronavirus. they try to keep america running in the middle of this crisis. let's bring on the phone florida republican senator, sir, you with me? rick scott. you are here. i wasn't sure if you were with me or not. sir, great to have you here. >> nice to be here. still in quarantine though. cheryl: i know, i know, i heard that was the case. let's talk about this senator, scott, rick if i may. i have known you for a long time. you've always been able to handle a crisis especially in the state of florida. right now there is discussion about what arb ton -- washington should do. should there be virtual meetings for senators and congressman, should they shut down the capital, what do you say? >>esque everybody has to take it seriously. to the extent they don't have to be around people, they should do it. i am in quarantine because i was around somebody tested positive. e

trading with cody.com editor, cody willard and point view wealth management dave dietz.ou were shaking your head. are you one of the wall street eliteists that until the market sells everything we're vulnerable. >> so i'm seeing among my client base is about five to one. everyone is panicking but five for every six. get more money into the market, only one wants to take money out. charles: really? that changed over one or two decades this would not be the case 20 years ago. but isn't that the point. joel, isn't that the point? people watched, imagine if you sold everything in march of 2009. the s&p is up 340% since then. you're like golly, you're still waiting for next leg down because someone on tv said, wait until commercial paper gets hit. >> we had couple situations. '87, 2009 a smaller one and 2018. we go back 50 years, 13 days, 13 days 3% swings plus or minus in the same week. nine were in 2018. we had one in 2015. one in 2011, one in 1987. so this is unusual but before those five times, four of those five years we had plus markets for the year. charles: cody, i ca

one comes in tomorrow, the president skpe dietzed the fda approval.have a second drug that new york state is working on developing, that actually tests the plasma of people who had the virus, extracts the antibodies and injects those antibodies into someone who's dealing with the virus. the third drug is testing the blood to see if you had the virus and have the antibodies and have resolved, that would let you know you had it, are immune by most probability and you can go back to work. >> there's hope, but again that all takes time, and there's impeer six in that. i would like to take a turn on that quickly. what is this straight talk on what it's like working with the white house right now. i've heard you be defrn shall to the white house and say, look, we're trying it, we're doing it. it seems like your needs are not decreasing, at the kind of rate you need them to deal with a tsunami. what is the reality of dealing with the white house, straight talk? >> yeah, i always do straight talk. i would disagree with your use of the word deferential, but it

lauren: david dietz thank you.ryl: isn't it buy low sell high that's what what i heard i don't know. if you think trying to remember all of your online passwords or maybe you just sort of remember them -- you may be in luck how passwords may be a thing of the past. lauren: yes okay as voterses get ready to head to polls tomorrow we're looking at the state of texas where 2020 dems are trying to pitch the green new deal to the nation's largesting energy producers. >> all of the people would go away. wouldn't be able to survive they seem not to care about how it will affect us if they shut down this whole area. lauren: more of what voters are saying about tomorrow's big race. keep it right here on fbn:am. we're invested in you. ♪ tv just keeps getting better. how you watch it does too. this is xfinity x1. featuring the emmy award-winning voice remote. streaming services without changing passwords and input. live sports - with real-time stats and scores. access to the most 4k content. and your movies and shows to go. t

let's bring in point view wealth management david dietze, money map press chief strategist here.omments on fed chair jerome powell was on "the today show" this morning. the fed will be aggressive but look we're probably already in a recession at this moment. maybe he is stating the obvious but it came from the federal reserve chairman. >> certainly the best part here, he is speaking directly to the people. i think that is so critical because obviously confidence, confidence among all americans is so critical to get through this i also think, remember, just go back a couple decades, the federal reserve never said anything. now he is on a popular channel. i think that underscores the resolve that the federal reserve has to do everything possible. one thing i'm watching for? will they do anything about high-yield bond. that is what we have to watch for. cheryl: also, keith, it made me think as he was talking this morning investors are looking for a time when maybe the market will flatten out, bottom out. it all depends on the virus but it has been made very clear now that the govern

this is something, i got the sense from our interview that herbert dietz didn't want to do.n producing one car thus far as of last week due to any supply chain or logistics breakdowns. now, the union is saying volkswagen factories will shut production across europe. pretty fascinating stuff, indeed. abouthe was talking just a drop in demand and 8 -- in italy and not really across the rest of europe. the morningbout call. bridgewater associates built up a massive bet against european companies in the wake of the coronavirus. here with your morning call is annmarie hordern. $14 billion, bridgewater is betting european stocks -- $14 million, bridgewater is betting against european stocks. string ofmade a wagers that include $1 billion against sap, $215 million against asml and on a country by country basis, france and germany top their shortlist. 16 and 12 companies respectively. one thing a bit unclear, are these bets and outside wager about a fall in shares or is this part of a bigger hedge strategy? bridgewater associates does not comment on the strategy. matt: thanks very m

david dietze, the economist kind of guy, with us now.ike the idea of targeted narrow help for groups of individuals. do you think it would help? >> absolutely. i would characterize this almost as humanitarian aid, the type of thing we see after a hurricane. no one should let them just deal with it on their own if there was an earthquake. i don't want to see any airline worker or cruise worker be laid off because of this. this is so different from the so-called bailouts in 2008-2009 where arguably, wall street got themselves into trouble by getting too far out on their skis. this is something that has nothing to do with these companies. it's something from nature and that's the perfect situation for government with targeted assistance. stuart: now, larry kudlow also said look, we've got a terrific cushion for our economy. very strong economy january and february, terrific jobs report, 273,000 new jobs. that is a cushion which other societies don't have but which will see us through probably through the bad times in the next few months. yo

stuart: david dietze joins us now via skype. we are being socially responsible, keeping distance from everybody. david is at some distance here. look, i think a recession is absolutely inevitable. my only question is how deep is it going to be. what say you? >> well, i agree with you, stuart. i think the problem is it's ultimately a health care issue as opposed to a financial issue. i think the question is how long is it going to take before we have enough testing kits so at least certain areas of the economy, certain segments of the population feel safe around people. the other thing is how long is it going to take until we have some sort of medical development, some sort of vaccine where we can stem the tide. we don't know how long that's going to be. stuart: come on, you got to answer the question. goldman sachs says in the second quarter of this year, that would be april, may and june, we will contract 5%. what's your number? >> i think that's an extreme number. but of course, we know that two-thirds of the economy is the co

david dietze is here to handicap what is next.ected to pass the senate overwhelmingly, but expected to pass the house, probably not tomorrow and be signed by the president. markets think this will be a significant job to help the economy. do you share that? >> yeah, absolutely. what is important, both the size of the overall package and also how quickly it comes together. very few things in washington come together, as you know, neil, get done anymore because of bipartisan bickering. both sides are coming together, very rapidly. as charlie gasparino was talking about previously, the size of this bill, about two trillion, three times what we saw in the 2018 downturn, this is unbelievable. of course the nice thing is, interest rates are remaining low. the key thing is, the markets have no question whether this is the right move. of course there is no back up in interest rates. the united states can borrow whatever it takes. that is giving market as lot of confidence. neil: you know, charlie also got into the issue, david, this could

david dietz is with us along with charlie and susan lee on wall street. we will work our way into the studio and the perspective there from the corner, what would you say. >> i would say it has improved from the opening minutes of the trading session where we had that surge of breaking kick in. i would say oil is front and center today and not coronavirus, although i would say some of the fiscal policies in the white house to ingesinject cash into small businesses, tax deferments and possibly even paid sick leave. the opening circuit breaker have a lot of traders confused. i crossed a few of them as i was coming here and they said actually not all of the stocks opened and that's why they were a bit frustrated to not be able to trade them but the afternoon session is heading into a close with a more positive feel with talk of more fiscal policies. connell: we were down 6% in a minute. you knew it was coming. yesterday the minute that opec announced a price war or back-and-forth, they said tomorrow we will crash. i will say this, when i hear people say go o