is "bulls and bears," thank you for joining us, i am david asman, joining me today, susan lee, jonathan hoenig, gary kaltbaum, zachary. and let's go to hillary vaughn at white house. reporter: white house coronavirus task force calling on help of millennials to log on social media help spread message of social distancing, urging them to not participate in gathers over 10 people to get take out, not eating out and limit shopping trips and avoid unnecessary travel, part of new community guidelines hey issued- they issued this afternoon. you would have heard the president explaining the guidelines, also dr. fauci said that reason why they issue is 10 people are less guideline is not to over reacted but get ahead of outbreak, in place for next 15 days, task force will reevaluate them, president held a call. >> we have stock piles, we're orders tremendous numbers of ventilators, respirators and masks, they are ordered they are coming, we have a lot at-this-point. if they can get them directly, it always good to be faster. if they need them. and i have given them other authorization to order directl

our panel tonight, capri caforio, steve moore, carol roth and jonathan hoenig. we'll have the latest on ground from the key locations, we're moments away from brand-new voter analysis, first read on how voters are responding to issues that matter most. but first we go to connell mcshane in north carolina. the state is up for grabs with sanders and biden and bloomberg garnering support, what is the read from where you stand? connell: people don't know, i tell you joe biden had a huge night in south carolina saturday night, in north carolina, membership of the voters here, have voted early, how they make their decision vis-a-vis biden performance and how much momentum he carries to this state remains to be soon. really people are wondering whether this shapes as a one-on-one race today between bernie sanders and former vice president. one of the things we will watch, in terms of wild cards that could play into that. further mike bloomberg he is on ballot for the first time is a major factor we'll be watching. that would award delegates put him his way, the debate

stuart: jonathan hoenig, you heard that. the president pushing for rate cuts by the federal reserve and also, maybe some fiscal stimulus. that's what intrigues me. the idea that you can pump some money into the economy regardless of interest rates, put the money out there. what say you? >> i will give you an example of a country and economy with a slowing economy, aging population and 0% interest rates. not america, it's japan. they have been trying this in japan for the better part of 20 some years. fiscal stimulus, make-work projects, ultra-low interest rates, it hasn't helped yet. on this, i think the president respectfully might be a little mistaken. ultra-low interest rates are not a sign of a strong economy or strong credit, they are a sign of a very weak economy. i think that's exactly what's prompting the drop in the stock market today. not even weak fundamentals. we got that jobs number, the economy fundamentally is very strong. but when we see interest rates at 1%, .75%, that's sending a very strong message to inve

joining me now capitalist hedge fund manager is jonathan hoenig.erile, no makeup or anything. let's do this. what do you love? what you hate about the repose of micro stimuli? >> i'm not worried about the virus in terms of the economy, i'm worried actually about the government's response. we've gotten all the central planners managing, navarro, the present, all these people trying to stimulate the economy where they get a bailout, how much into what extent. just like in 2008, they essentially create the panic, create the uncertainty that the central planners are hoping to alleviate. kennedy: that's where the biggest problems right now is people's reaction to fear. and what that does, obviously, is it compounds the problem. i like the idea of this payroll tax cut. but what do you need in order to balance that out so we don't have long-term consequences on the site? >> apparel tax that would normally be a terrific idea. we've never made a tax cut we don't like. the problem is twofold, one thing is being talked best temporary which is about is useful

jonathan hoenig with us today, capitalist pig hedge fund founding member. scott martin from kingsview asset managements. they are fox news contributors. tell everybody up front the president wrapped up a meeting with the bank ceos happening with the white house. there were cameras there. reporter blake burman was there as well. we are , you guys stay on hold. i think blake made it out to the camera now. let's talk to blake about that before we get a playback. blake are you there? reporter: connell i was inside of the cabinet room with the president, the bank executives, other interested parties. the headline coming out of it, tonight, 8:00, somewhere around there, president trump will made a statement about decisions he has made. as we left the room i asked the president will these be economic health decisions and the president looked at me and said both. so it appears if in about four hours time we'll hear from president trump exactly what he has decided to do next on some economic measures and what he has decided to do next on the health care front. the h

. >> we bring in our panel, joining us zachary khair care karabell, john burnett and jonathan hoenig. to get over the devastating economic effects of virus, is the market right to read the coming sti stimulus as a positi, john burnett? >> we know it not because of the luck of the irish. even though it is st. paddy's day. the entire economy has within shut down, whether you talk about large scale businesses or small businesses. these -- all businesses are hurting. yes, they have a timeline of 2 weeks, but mid el middle of amea cannot wait two weeks, we know a lot of bills are due on the first of the month, they need to get this bill done at any point between now and now. why, because the working class americans are hurting, and they are filled with a lot of fears, and restaurants are closed down. delivery companies are slowed down, supply chains are impacted, we need this stimulus immediately. david: zach, you have hand outs to individuals about a thousand bucks is what is expected, if may be more than that. you have bailout to companies large and small. will it help? >> you know, all

continued good health, jonathan hoenig on all of that. was touching on this, businesses that have to deal with this, how do they ultimately bounce back? people want it to be like a v, zooming out of it, but i have seen a lot of commercial about couples in foreign countries having a great time. how quickly will they go back to flying, going abroad, doing all of that, when ever that day comes? maybe it is going to be a v or something else. ♪. boston light, america's oldest lighthouse, has stood strong through every dark hour and bright dawn our country has endured. it has seen the break in the clouds before anyone else. for the past 168 years, we've also stood by you, helping you weather storms like this one, to protect your loved ones. and we'll do it for 168 more. ♪. neil: all right, amazon is dealing with some labor issues that appear to have gone viral, not the least of which at its whole foods markets chain. a lot of people are planning a sickout, they have been arguing parent, amazon, has not done enough to protect them or look after

here jonathan hoenig from capitalist pig hedge fund. he is also a fox news contributor. s is so interesting to me. we look at a lot of businesses like restaurants and et cetera, that people are out of work. then there are other businesses like amazon, fedex, the grocery stores. all the things where, you can't even get what you want, you can't get deliveries that you want, because there is such high demand. how are those companies keeping workers on the job? >> they're incentivizing. profit motive. important for our viewers are keeping safe, as you are. not a question we're healthy or we have a good economy, they're not mutually exclusive, that is symbiotic. we can't be healthy without wealth or economy roaring along. it is not stimulus, not government spending, exactly what you're describing, creative companies, the profit motive. talking companies big and small coming up with all sorts of ways to safely incentivize workers in certain capacity being creative, to come back to work, to begin to move this economy forward. you mentioned a few, melissa. cvs is another one, hir

joining us today, jonathan hoenig, liz peek, gary kaltbaum, and zachary khaira bell. a lot of reaction from both sides of aisle on president's 30 day travel ban, including one unlikely supporter. >> president last night, i think took decisive and correct action needed, in addition to work that president took early yee, earli, president stopping flights from china saved lives. >> i think that travel ban has been warranted it will hurt the economy and hurt livelihoods, i don't think it is wrong, i think it is necessary. david: i think that public is so relieved when politicians, on different sides of aisle, talk together about working together. to fix this. >> we want to see that, not very much. but, travel ban, and i think a, appropriate with 400 flights a day from europe, that 140,000 people a day. that is a million a week. angela merkel said that 70% of germans will have to viral. david: she has been heavily criticized. >> she should be. if you are president trump, and people make those remarks, the outbreak in italy, our biggest risk, our medical institutions, and h

connell: here now, jonathan hoenig from the capitalist pig hedge fund where he is a founding member, jonathan is also a fox contributor. we talked about whether, tough to know by the way as a disclaimer what is going on in markets. i was in north carolina last night. when joe biden won virginia and north carolina we did see the futures a get a bump up. maybe there is some of that in it. i was only joking with melissa, make our turn to be up after down. what is going on here? >> we're still getting numb to these 1000 point swings. no question this was a joe biden rally. last night, when the contests first started coming in, results, futures opened down 100 points. as joe biden started winning results they jumped about 200 and kept going up. when bloomberg endorsed joe biden and dropped out middle of the day that is when they took off. this is a joe biden rally. you can't put too much faith in it yet. if you look under the hood, way more stocks trading below their 50 day moving average. many more new lows than highs. the trend overall is still down but the market as some other guests sa

we have capitalist pig founder jonathan hoenig and pwc business partner and business lead rich rochelle. what a week. woo we're on track to be the worst since 1921 and it's hard to wrap your head around this. >> it's unprecedented, truly. this has been a week-- rather, whether you've got $100 m the market or hundreds of millions in the markets, types of moves we use today say since 1987 or maybe 1929 this is unprecedented in every respect. my father moving forward is what's rattling the markets isn't even so much the effect of the coronavirus, which is, you know, obviously, quite serious, but more importantly, government's response to the coronavirus. and undoubtedly toward the end. week i think you saw a lot of panic selling across all class, asset classes based on whether it's the stimulus, the potential for government takeovers, the uncertainty is exacerbated not by medicine, but government press in the marketplace. kristin: let me bring you in here. what do you make of what the federal government is doing. we saw chuck schumer and mitch mcconnell on the senate floor and they're havi

jonathan hoenig with us right now. than, i want to quickly pounce on your reaction to the markets what they're doing today. dow up 781 points. interest rates continue to slide. that is kind of a rarity where both of those markets are going in tandem. what do you make of today? >> after a disasterous week, the fifth worst week in stock market history last week it is nice to see somewhat of a bounce here. i'm reminded by the old adage one sparrow does not make a spring. meaning issues facing the economy, not simply the coronavirus but slowing global economy at large remain in place despite greater intervention from world banks worldwide. that remains. i'm looking at things like internals. only 17% of stocks are above their 50 day moving average. that is a basic trend indicator says at least for now the trend is still down for stocks despite today's rally. neil: the catalyst, you touched on the idea, world central banks will coordinate some sort of a move. the president says our federal reserve is late to manufacturer. wha

jonathan hoenig let me go back to you. i apologize for this. it is interesting that someone can find a way to make money, there's always those pockets in the market that benefit in a weird way, a used to be the stocks are down and gold was up in bonds around, it's not happening today or recently. but some of these key players that can take advantage of this environment, i don't mean that in a bad way, like cisco or walgreens and the telehealth services and the rest. they can have their own perch? >> absolutely, the president and the administration credit there working with the private sector, if the private sector whether being pharmaceutical or logistics, they're the ones that are going to get reality back to normal. you mentioned walmart, all-time high for that stock, even less obvious, clorox has done quite well. campbell soup is done quite well. the market work when you let it works. that's the private sector, especially in the area of immunotherapy and biology in the pharmaceuticals also step up as well. there will be tremendous opportunit

stuart: i believe we have jonathan hoenig with us. is that correct? are you there? he's there. okay. look, we've got a downside move for the market when the opening bell arrives this morning. i'm looking at a 700 point loss for the dow, 200 for the nasdaq. do you think we are going to go all the way back down and test those lows that we hit last week, 18,000 on the dow? you think we will test them again? >> first of all, i'm glad you and the viewers are staying safe. history suggests we will retest those lows, that we haven't seen the bottom yet. from my estimation, it is because of the stimulus. not that the stimulus is too small, actually that it's too big. the bigger the stimulus, the longer the decline and more prolonged the decline. 1929 is a pretty good metaphor here. in 1929, there were some big rallies, the market rallied 30% plus in just a few months but then hoover started with tariffs and farm subsidies, mortgage subsidies, tax increases, and ultimately took the dow 25 years to recover. i'm not saying we are in that situation yet but with all this intervention i thin

jonathan hoenig is joining our -- panel, a little too early to sort out market implications i did noticefact that bernie sanders. having more of a problematic day than a lot of people thought he would. right now. joe biden stands to have a good shot at getting most of the delegates up for grabs, what do you make. >> neil, this set the stage into this evening, contest only 18% of stocks were above short-term moving average, today 350 new lows, when 30 new highs this is a weak market, in-- interestingly a lot of bank stuck stocks, not some of bernie sanders favorite companies, future market opened lower. it was about 100 lower at one point, as joe biden's wins piled up, this future market moved in that direction. this is a joe biden rally. you know bernie sanders talks about you know wanting to tear down the system. future market, they respond to joe biden's wins right now, that is what this rally. >> neil: you know. one thing that kind of weirds me out on that. is that joe biden arguably would have a better shot, against a donald trump. and so he could be the bigger threat. >> certainly s