the coronavirus and for more on the state of oil markets and the overall economy we're joined by todd horowitz chief strategist at bubba trading bubble always great to have you here today we're seeing the lowest oil prices in nearly 18 years right now as we just mentioned much of this is attributed to measures taken to combat the spread of the coronavirus what do you take away from all of this. great to be with you brant you know listen we've got markets that are oversupply before all of this started and then you cut into deeper we already have a glut so you see some heavy selling in a lot of pressure i think you're probably find a bottom here any time soon you know again 2019 some around here because if you look out into the future now you see the price separation is getting much deeper and much higher so for example if you go out to to juneau oil it's $25.00 versus 20 so the spread is starting to why not would you say that once israelis itself we should start to see some buyers step in you know getting to a problem price point where the shorts are going to start to get a bit nervous and i th

i want to bring in todd horowitz.now, i know you are a trader who probably, you are built for this kind of volatility. the average person watching our show is not. one of the questions i'm asking of my favorite market guests is it possible we hit a bottom last week and if we haven't, what should we be looking for? i can't hear todd. i can't hear programming. all right. i'm not sure if we can hear todd just yet. we will try to bring him in, folks. we are near session highs. again, i'm calling it the c.p. effect. we started this show at the very beginning saying there are three types of bear markets. one is structural, those are the worst kinds. this is not a structural bear market. the other is cyclical, when the economy slows down, you could argue the economy was slowing down but i say the exact opposite. january and february, our economy was a juggernaut. i think this is an event-driven bear market which means it could be short-lived. can we go back to todd and see if perhaps he's in? todd? >> i'm here. you there? ch

watkins chief market analyst at simpler trading and todd horowitz chief strategist at bubba trading thank you so much for joining us now baba here in the u.s. the trump administration is pitching this roughly $850000000000.00 stimulus package which would ease some of this economic pain where we're talking about payroll tax cuts there's a possibility of a $1000.00 paychecks going out to america if that's what mitt romney wants really is this going to work and is it going to actually prop up the economy but. you know it's not going to work i mean it may be propping up for a minute but people are running out to go to the store you know people are talking and covering and looking so they don't get sick ok so again will that will it help i mean it certainly will help people that are very tight on rent and things like that but everybody's kind of being understanding and understanding that you know maybe people just can't pay right now i don't think anybody's going to go after the consumer and pressure them if they're going to be late on the round or whatever so i think this is just another temp

and here to give us their take on the market outlook and how things are shaping up we bring in todd horowitz chief strategist of bubba cheney and t.j. watkins director of stock at the trading so the let's start off with you the last time we've seen this coordinated central bank after it was in 2008 but that's still wasn't enough to hold back the correction and then subsequently the recession so will this just be a repeat is it still too little too late. there are more than a dead cat bounce today i think your you saw the fed is starting to panic when they came out friday afternoon and said that everything's ok you know every garvie tells me everything's ok that means it's probably not they're going to probably cut $25.00 to $50.00 basis points and it's not going to be enough the markets are still overvalued and already saying today is a giant good phone service they say a repair phase of really there should probably fray and we will see. lower price once again i still think we'll take out the lows of last week and probably lower than that nothing has changed from the data you know of the bad

we have oliver persh, todd horowitz both with me. todd, good to see you.yl, double duty for you. you have been working great, doing a great job. look, i think the markets are going lower, as i have said to you on your show before. i think we are in the early stages of a recession. obviously the coronavirus accelerated some of the selling but i think when the fed has to continue to infuse liquidity into a market, that is not a healthy sign. i think we are going lower. i think the rally you just saw, the great rallies, so powerful, they usually fail and that's what we saw after the three big rallies. i think we are going significantly lower here and will take out the lows in my opinion. cheryl: here's the thing, oliver. we are just seeing headlines cross on walt disney. their parks, they will have to leave them closed until further notice. there's no, for these major american companies, we rely on them to tell us where they're going and what they're doing, they can't tell us anything. got to be a little frustrating as an investor for you. >> of course it is.

todd horowitz is the chief strategist at bubbatrading.com. he joins us now.ng,. lauren: we're waiting to hear the details of some sort of stimulus package. why are the substance and timing so unclear? is that one of the reasons that the market doesn't know what to do? >> well, i think, listen, first of all, if you look at the markets in general, we've kind of topped out anyways and we started to see some of this volatility. investors were looking for a reason to sell and the coronavirus happened to be the trigger point and of course now because of all the media and because i think this is another way for the left to try to push on president trump, they're creating much more fear than due. what he's doing is the right steps, bringing in the ceos and saying calm down, we're going to figure this out, we're going to take care of it and whatever we need to do to help the economy get through this, if we have some loss of business which we've already seen, we're going to deal with. that's what the meeting is all about. lauren: why exactly is the president meeting wi

melissa: let's bring in jason rotman, ever plus capital director and todd horowitz of the trading show host, i want to ask you guys to react to what steve said and build on that, do you think we've hit a tipping point, the last thing i canceled today a whole bunch of parents responded with anger saying this is getting overblown, we might be overdoing it. i wonder if were at a turning point where people are starting to feel like i'm being careful, i'm going to be careful with the anxiety does not match with the actual risk and maybe we see a bounce back in the boom, what are your thoughts? >> i think at the end of the day it amounts to the fear of the unknown versus the fear of the known. all of these major multi thousand person facebook natural food industry conferences, one canceled hundreds of thousands of people not going to this conference, is the overblown, nobody knows, that's a problem it is unknown and all the medical professionals analyses are saying that the fears are justified, this could continue to spread. melissa: justified in the spread but if you are not only vulnerable

todd horowitz, thank you very, very much. folks, it was great being back. i have been away too long. but while i was gone, cheryl casone did an amazing job filling in for me. i want to say thank you as i hand it over to you, filling in for liz claman today. cheryl: thank you. so good to see you back in the chair and riding these markets and giving our viewers all these ideas for investments. charles: c.p. effect. cheryl: we will trademark that at some point. thank you very much. all right. well, we are going into the last hour, markets are bouncing higher right now following last week's massive rally. the best since 1938 for the dow last week. this isn't so bad to kick off your monday right now. take a look at the dow. we are up 508, the s&p is up 69 and change, the nasdaq up 224. investors are hoping we have already hit that bottom from the coronavirus outbreak. we're not saying we're hitting the bottom at fox business but we're hopeful. all of this as the medical world is searching for solutions to limit the virus's deadly effects. northwell health turnin

remain in complete lockdown over the coronavirus now we bring in chief strategist of a trading todd bubba horowitz and c.e.o. of transform many research tobin smith gentlemen i want to start with you todd the u.s. markets are near the levels that they were back in 2016 when trump was elected but how much of an impact will this stimulus package have on the markets and the broader economy especially now that we're seeing it go up just a little bit. you'd have to do it sure you know listen the markets are going up to it today looks more like a short covering really it looks like not a real big deal they're trying to bet on this thing of more free money and more is stimulus but again stimulus is not create growth if people are going back to work we're not going to get the growth we need to continue it's not going to affect company earnings show at the end of the day if you're a fundamental person this is not going to help the fundamentals all this is only another temporary band-aid that they're slapping out of no different than what the federal reserve is doing with these band-aids that continue to ap

like the stock market was in about say for how much we did know that it was going to bounce todd bubba horowitz fed cheerleader in chief strategist above the trading thank you so much for joining us today. the coronavirus continue to have a major impact on the airline industry this is as major airlines are extending waivers for changes and now even cancellations without that hefty fee well airlines start down at year to date for multiple carriers include delta united and american airlines united and delta now they've both said that they plan to reduce life across their networks united airline holding c.e.o. oscar munoz and the president scott kirby said that they will not be taking any salary until at least june 30th a southwest c.e.o. gary kelly planned to take a 10 percent pay cut but. also also announced that it would place a hiring freeze across the company offering voluntary leave options it's not bookings for as much as 25 to 30 percent as they expect their situation to become much much worse but american said it plans to cut domestic a pass me by 7.5 percent in april and international by