host: we would like to thank michael regan for being with us this morning. >> c-span's washington journal, live every day with news and policy issues that impact you. coming up sunday morning, conservative activist earnie robinson discusses his book. how black americans will reelect trump. then we will talk about campaign 2020 and the democratic primary contests. watch c-span's washington journal live at 7:00 eastern sunday morning. join the discussion. mike lillis is joining us. says surveillance deal elusive and deadline looms, what are these provisions and what does congress have to do to make sure they don't expire? this is always a tough issue for congress, they tried to get it done in december and cannot reach any deals. they kept it until the 15th of this month and still have not reached any deals. it is crunch time and everybody is getting anxious as to what this deal may or may not be and what the provisions are going to be. it's one of those very strange fights because it puts these strange alliances together. liberal supporters of civil liberties siding with conservative libert

joe: still with us is michael regan and saira malik. saira, want to go back to you. we are just listing one superlative after another. every country around the world seeing historic moves. we have to go back decades in some places to find any comparison. does that tell you anything? you are saying the word before, capitulation. does that give people who may have been holders themselves to suddenly question their own faith in holding on, and thus, want to sell further when they see headlines like that? saira: i think that constant headlines are definitely creating a lot of fear. the more that people stay home and do not go out, it creates more of a problem. the consumer continues to weaken and it exacerbates the problem. a couple things, coming into this period we were pretty much priced to perfection, markets were healthy. having a quick coronavirus hit the market has caused this level of volatility that is almost unprecedented. not really surprised to see that and have it continue on. if you have a portfolio right now, if you make sure you are positioned in quality

to give us a better picture, we're joined by michael regan. why the surprise turnaround? is indicative of what we have seen in that wild springs for the upside and downside. we often see unexplainable moves both higher and lower. it is interesting that tech as did theeek higher s&p 500. there is some soulless to take but monday isnd, another day and it is not going to be too surprising to see next week. >> what is the message that investors are taking away from this? i think there is a lot of inortunity for trading and the tech space what is interesting is there are stocks that are doing pretty well because people are looking for companies that have solutions for problems coming up. there's a big mass amount of people working from home. health -- it is up 60% this year, a record today and a lot of people are talking allowvpn stocks that people to work from home. 8% on perhapsn misplaced expectation. mike regan, thank you for giving us the updates. , want to bring in laura kane global wealth management. your clientsell now? >> the number one thing is to not panic. when we

still with us is alicia levine and michael regan. today was supposed to be that day. the federal reserve was supposed to come out with its policy decision and hold a news conference. he didn't need to do that because it did so on sunday. what more should we expect from the federal reserve and how effective could it be? or is it a case of we need to wait for congress and the treasury to expand the mandate? alicia: the fed has been very proactive in pumping liquidity into the markets. what michael was saying today about 10-year yield, it is hard to unpack. spending,out deficit -- or abouture forced selling of a very liquid asset class? it is hard to unpack that. the next big thing we are going to see is whether or not the fed asks congress for authority to bind different kinds of -- buy different kinds of assets. it is different looking at a credit event. the banks balance sheets -- corporate not so much. the issue is how long is this air pocket? that goes back to the conversation whether it is a v or a u. if it is two months, the businesses can get through it. if the a

i want to bring in michael regan in new york from our mliv team. we saw something this morning we haven't seen in 12 years, circuit breakers across the board, everything from high-yield to u.s. stocks. put this into context for us, doesn't mean there's a lot of panic selling out there? michael: there's a lot of selling right at the open that decline in the s&p 500, which caused a 15 minute market wide circuit breaker. it is somewhat encouraging to -- but it is a fast-moving market. it is not until 13% that you would hit another level to circuit breaker, i 13% drop on the day that would trigger a pause again. a 20% drop on the day i don't think anyone is that worried about come but that would cross trading -- that would cause trading to stop for the day. after that first one hit in the initial minutes of trading, it is unlikely we will see another one today. vonnie: that is the credit risk surging, the investment grade credit default swaps surging their. guy: can we talk about how risk managers are going to be managing this? we've already been throu

host: we would like to thank michael regan for being with us this morning. thank you so much.uest: thank you, jesse. host: our question for you this morning is do you have money in the stock market and are you concerned about the coronavirus and how it will affect your stock? let's go to the phone lines and start taking calls. let's talk to oliver: from no.inia and oliver says caller: good morning. host: you do not have money in the stock market? caller: no, i don't. my main comment is about the coronavirus. i have lived in the metro area all my life. the maryland, d.c. area all my life and i don't want to offend anybody but i would like to say -- pleaserican people wake up. the administration in the white house is not prepared for this. americans will die if we do not get somebody who can handle the situation in the proper manner. -- obama administration had handled ebola perfect. we need a person who will take charge and see the the right things are done. i have nothing against donald trump. he has done an amazing thing to get the american people to buy into his train of tho

host: we would like to thank michael regan for being with us this morning. >> c-span's washington journal, live every day with news and policy issues that impact you. coming up sunday morning, conservative activist earnie robinson discusses his book. how black americans will reelect trump. then we will talk about campaign 2020 and the democratic primary contests. watch c-span's washington journal live at 7:00 eastern sunday morning