jay foreman joins us now thanks for being with us >> you're welcome. be here. >> so the impact so far of coronavirus on your company it seems to be a one-two punch. first from the supply chain standpoint in china and now from the demand standpoint. i guess explain to us break down for us what the impact as been so far and where that has resulted in some of the these layoffs. >> sure. well, i mean the biggest issue is, you know, we're financed by banking institutions, and when they see a trade war or coronavirus situation they want to know how that will affect your forward looking earnings. we have to try to project. if we have to project our earnings will decline because we either have a challenge with supply chain or demand that will affect our borrowing like the secretary said, we're going to need support for small and medium size businesses by the government, they have to backstop the banks so banks can backstop small business. from our standpoint we were looking at a supply chain crunch with china shutting down now china is opening back up and the

. >> i under jay, thank you jay foreman, basic fund. let's get to the judge >>> i'm scott wapner your money is front and center today it's all about stocks. whether you should buy them or not and the names some are suggesting you do grab today we'll debate what the our investment committee the question of the day is this, is it time to buy and if so what let's begin with the former, whether it is safe to buy right now to put some money to work. jim, is it >> short answer is yes but let's qualify it just because today is a day to buy doesn't mean we can't go lower from here. look, when you say is it a time to buy, it doesn't mean you pile into the market today. it means over the coming days. there are still big questions to be answered. we know there's an economic impact and we know there's going to be a profit impact. the question is how long does it last that's one question. which we just simply don't know the answer to. the second question is what policy response? now on that second question let's say this there's a heck of a lot of r