back with us, subadra rajappa, mike schumacher, and victoria fernandez. oria, i want to talk about chinese data. because the estimates out there at the moment are absolutely amazing. the consensus view in and around 45 on a pmi manufacturing. the highest estimate is 50.1. the lowest, 30.0. how on earth am i meant to interpret the data that comes out from china a little bit later? victoria: i don't think we are, jonathan. you are right. it is all over the place. i think that is just because there is so much uncertainty as to how things actually are going to play out in china right now. how did the manufacturing really come through in january and february after the coronavirus hit? how are the workers truly affected? how are those numbers going to be affected by that? we just don't know at this point in time. i think you have to take january-february numbers with a little bit with a grain of salt. look through those numbers -- and i think we're going to have to do it here in the u.s. as well, because some of that feedthrough from the supply chains is going t

our group has been resilient, and that is guy adami, tim seymour, and we are proud to welcome victoria fernandez is in houston. we will get to all of the traders in just a moment, but we have breaking news on general motors really for the second day in a row, but this is different. phil lebeau, what is trump ordering gm to do? >> it's the defense production act that he has signed and it's not one across the board for all industry and it is specific to general motors and the manufacturing of ventilators and after signing this or announcing this or basically putting it into effect, the white house then issued a statement from the president and he took full aim at general motors. he tweeted at barra. our negotiations with gm regarding its ability to supply sent virts have been productive and our fight against the virus is too urgent to the give and take to continue to run its normal course. we talked about how this whole process shook out and we'll talk about that in a bit, brian here is what general motors and ventech have signed up to do they have not signed up with fema or the federal government

joining me around the table in new york, subadra rajappa and mike schumacher and in houston, victoria fernandezvictoria, i want to begin with you. we should start with efficacy of the central bank move and the willingness of central bankers to step in. let's start with the latter. we are they? -- where are they? victoria: we are not seeing them willing to do anything at this point in time. the south koreans did not lower their rates when people expected they might. you have germany coming out and saying they have enough stimulus on the table right now. they are not willing to lower rates at this point in time. i don't think we will see it from the fed. a lot of people wanted powell to make a statement or at least over the weekend, have a coordinated statement with all of the central banks around the world. i don't think we will see that. i do think they are little more on the wait and see at this point in time. jonathan: that seems to be the case. richard clarida saying nothing. christine lagarde pretty much saying nothing. the central bank at the epicenter of this does not cut interest rates.