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That we lost trust in for a long time . I will get reaction from trump Economic Advisor steve moore coming right up. We have all that and more on making money. Charles coronavirus fears continue to take a to toll on the market but what else is bothering wall street . I have to say individual investors bending, not breaking, is driving walmart crazy. Bullish sent met rocket to 39 from 30 . So are individual investors too bullish . I want to bring in joel schulman. Trading with cody. Com editor, cody willard and point view Wealth Management dave dietz. You were shaking your head. Are you one of the wall street eliteists that until the market Sells Everything were vulnerable. So im seeing among my client base is about five to one. Everyone is panicking but five for every six. Get more money into the market, only one wants to take money out. Charles really . That changed over one or two decades this would not be the case 20 years ago. But isnt that the point. Joel, isnt that the point . People watched, imagine if you sold everything in march of 2009. The s p is up 340 since then. Youre like golly, youre still waiting for next leg down because someone on tv said, wait until commercial paper gets hit. We had couple situations. 87, 2009 a smaller one and 2018. We go back 50 years, 13 days, 13 days 3 swings plus or minus in the same week. Nine were in 2018. We had one in 2015. One in 2011, one in 1987. So this is unusual but before those five times, four of those five years we had plus markets for the year. Charles cody, i came to you third on this because i got an email this morning from someone who reads my work. He is not a subscriber but reads my daily commentary and i thought of you. If i had any cash i would be buying Technology Stocks today. Im getting a salaried bonus on march 13th, about 7500 after taxes and will be buying with all of it. Youre my tech expert. Is this person too bullish in your mind or making the buy of a to differentiate buying a Great Company you believe in for the long term and betting on the markets. If he is truly found two or three, five, 10 companies he lots of technology, i try to find the most revolutionary companies in the world not just change the industry but how we live. Tesla, is one of my favorites. You and i talked about it every time ive been own the last year that is the kind of thing. I hold tesla here, not trying to buy the s p 500. Charles confession, we asked our traders to buy tesla friday. We took profits on it yesterday. 13 , 12 in 48 hours. Not a bad deal. You have convinced me longer term i think price is settled buy in longer term accounts. Joel . To the earlier point that i absolutely agree. Technology was leading 2020. It is going to lead when we come back. U. S. Large cap tech. U. S. Large cap tech. We have 14 of them, averaged over 19 yeartodate up until a week or two ago. I completely agree. For your letter writer who said, march 13th he will have his cash i completely agree u. S. Large cap tech. Entrepreneurial companies are good place to be. For our clients though, we dont want a concentrated bet. When you now have the s p 500 yield more than 1 over the 10year treasury, you could have a diversified portfolio. Take less risk and north worry about it. Charles is that why this week with this rebound attempt lead by the defensive stocks, with high dividend utilities killing it this week, real estate killing it this week, consumer staples, i know some of that is the rush to buy clorox and campbells soup, these are high dividend sectors and it is not, its not really defensive anymore, is it . Yield three times the 10year. Absolutely. Theyre looking for bond surrogates with recurring revenues as far as the eye can see, comparing that to miniscule bond yields this is a nobrainer. Theyre going with those sectors. Looking at simply the relative value of bond versus stocks here. Capital losses on either one could be tremendous. Charles to your point anyone who bought chevron at the beginning of the year for the dividend will have to hold that stock for 20 years unless it comes back, because it is down 30 . I feel like were in a price discovery place here. Monday and fridays likewise, guys. The reason i want to share this with the audience weve been making sort of bouncing back a little bit, the last few sessions. It is price discovery and we havent breached those lows yet, either for monday or from friday but i fear they are breached, we start to set up a whole another set. When the Retail Investors finally panic. That many number you showed at top. Charles fridays low, if that doesnt hold, that is 10 charles average individual investor will chuck in the towel . No. I think there are a number of investors on the sidelines sitting on cash. Institutional investors sitting on cash. I see them coming back into the markets. Were already seeing china come back to almost full strength. Once people start to see that the epicenter of this plague is starting to come back, the rest of the money will follow in our markets. I think it is a one or two quarter hit. Charles markets will maybe move before that . I think they will move before that. I absolutely agree they move before that. Key thing people have to realize. There is this supply suspension. There is no supply destruction. This is not like fukushima where a whole swath of manufacturing out put are destroyed. Right now there is a little bit of fear. That can go away very, very quickly. That is like 9 11. Charles, biggest problem in my mind there are companies both large and small, businesses around this country and around the world that dont have enough cash in the bank and have too much debt. There will be some bankruptcies and some pain because they wont have enough either. Charles these companies you buy have fortress like balance sheet. Amen. Charles that is the moral of the study. Thank you very much. Vice president pence leaving for Washington State lighter this hour. He will visit Health Officials about the coronavirus. That state is one of the most hardhit states. Mr. Pence in minnesota. Meeting with 3m, their ceo, talking supply chain issues and specifically with face masks and respirators. Blake burman is at the white house with the very latest. Blake. Reporter hi, there, charles. Health and Human Services secretary alex azar said throughout the country there might need to be the need for 300 million of those surgical masks that have suddenly become popular here because of the coronavirus. Because of that, the Vice President , mike pence, who leads the governments response to the coronavirus, was in, actually he is still there, just about wrapping up a trip right now, to minneapolis, to the headquarters of 3m. 3m is one of those manufacturers who make as large chunk of those surgical masks. It was very, very interesting though, charles, to hear from the Vice President just a little while ago. There he was. The Vice President of the United States, at the headquarters of a major maskmaking company saying to the average american, dont, do not go out there and buy surgical masks. But theres a reason why. Here was the explanation from the Vice President a while ago. Watch. Unless you are ill, you have no need to buy a mask. One of the ways that healthy americans can support our efforts to be there for patients and to be there for health care providers, is to, to not purchase masks. Reporter charles, as you mentioned the Vice President shortly will be heading west to Washington State. He will be meeting the democratic governor of washington jay inslee at the states Emergency Operations center there. Washington of course, if not the hardest hit state one of the hardest hit states. 10 people have died from the coronavirus in washington. The Vice President heading there shortly. Charles . Charles blake burman thank you very much. Of course folks were watching these markets and your money throughout this hour including the notion that investors may be feeling too bullish with what the pros are saying. The question is, why do they want you to sell . Secretary pompeo saying demanding that iran be held accountable on their nuclear commitments. A disturbing report. Morgan ortega joins me next. I will dig. The lack of trust among the nations institutions and why the coronavirus is a once in a generation chance to change that. We made usaa insurance for members like kate. A former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. So when her car got hit, she didnt worry. She simply filed a claim on her usaa app and said. I got this. Usaa insurance is made the way kate needs it easy. She can even pick her payment plan so its easy on her budget and her life. Usaa. What youre made of, were made for. Usaa what about here . Here . Here . Daddy, is that where were from . Well, actually. Were from a lot of places. You see were from here and there and here. Turn questions youve always had into stories you cant wait to share; with ancestry. I waited to get treated. Thought surgery was my only option. But then i found out about nonsurgical treatments. It was a total game changer. Learn more about the condition at factsonhand. Com wthats why xfinity hasu made taking your internetself. And tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. So while moving may still come with its share of headaches. No kidding. Were doing all we can to make moving simple, easy, awesome. Go to xfinity. Com moving to get started. Charles coronavirus fears are rattling investors in social media users, this spurring action from twitter to stop the spread of misinformation. Kristina partsinevelos is on the floor of the New York Stock Exchange with more. Kristina. Kristina twitter announced this today on their twitter safety site. They said they will launch a new program to crack down on misinformation lets say the coronavirus but as well on the 2020 election. What is going to happen now, you may see it on your profile. Ive been scrolling, i havent seen it yet. It is a blue exclamation mark. Any type of picture, video, you might see a little word or two words, say manipulated media. You click on that and reported to them. The two things twitter is trying to Pay Attention to theyre looking for deepfakes or really altered videos and any type of media that would impact public safety. And they have been saying for quite some time now they have been studying fake accounts to go after anybody that would be manipulating them especially during the election time thats coming up. They said it is already been successful during the indian elections very recently as well as the European Union elections. But if were talking with some of the misinformation out there, purell, there was a tweet on there, i shouldnt say purell, not give the brand, Hand Sanitizer that got over 250,000 likes. It said that Hand Sanitizer does not help against protecting against viruses or anything like that. So twitter pulled it down because it had many, many more impressions. There is a lot of misinformation out there why the social media platforms need to crack down but twitter at least not going to the extremes of pinterest not allowing you to message at all about the virus. Same thing for we chat in china, charles. Charles wow, that is interesting. Thank you very much, kristina. Appreciate it. Kristina thanks. Charles up next, state Department Spokes american Morgan Ortegas on the coronavirus and what theyre doing to help. The coronavirus fears are causing all ever the essentials. What we might hear from the retail giant as they report earnings after the bell. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Doctor bob, what should i take for back pain . Before you take anything, i recommend applying topical relievers first. Salonpas lidocaine patch blocks pain receptors for effective, nonaddictive relief. Salonpas lidocaine. Patch, rollon or cream. Hisamitsu. They use stamps. Com all the services of the post office only cheaper get a 4week trial plus postage and a digital scale go to stamps. Com tv and never go to the post office again. 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This after tentative peace deal was entered into but the area sees violence. We have secretary pompeo, he was livid, absolutely, really offended. What exactly is going on here . So you should know that the secretary used the words renegade and unlawful when describing the icc. It has the words court in the title. We do not think that is any sort of court or judicial mechanism that of course americans are used to in the United States. These are at best, a bunch of political actors. This is something that the government of afghanistan did not want. This is something that the United States did not want. It is something of course, we are not a part, we are not a party to the icc. And this is just a Multilateral Organization that is completely out of control, has no accountability and the American People should know that secretary of state mike pompeo and President Donald Trump will do everything to protect americans, to protect our servicemembers, to protect our diplomats, to protect intelligence of the community from rogue multinational political hack organizations like the icc. Always have to ask at the end of the day what kind of skin in the game do they have . It is a little frustrating when were trying to end the longest war in American History where its pretty clear that the American Public is tired of it, the world is tired of it. Why are they even intervening, putting their nose in it . We know there will be skirmishes. No way there will be a smooth transition out there have. Sure. Charles how much latitude do we have with the deal for an occasional spurt in violence over there . You know, charles, you hit the nail on the head when you talked about how people are tired of this war and the one thing that we often forget that gets left out of the conversation is that the people of afghanistan are tired of this war. They had been at war for four decade. Of course, they have been at war, the United States has been helping the government of afghanistan for almost 20 years now. So were not talking about leaving afghanistan and in a way that would be irresponsible or in a way that would allow al qaeda or isis to fester. In fact quite the opposite. President trump gave us the charge in this administration, that he wanted to end americas longest war. We looked at people, probably people who are watching your broadcast right now, charles, who have on their third, fourth, and fifth deployment and you have to ask yourself, is this reason that President Trump, excuse me, president bush sent us to afghanistan after 9 11 . We were sent there to defeat al qaeda. We were sent there to avenge 9 11 and two decades later we have had Mission Creep and the scope of this conflict change and we know the taliban have not been defeated militarily. We find the most responsible way to end the longest war in history to political reconciliation with the taliban. Sometimes to end a war you have to talk to your enemies. We have a president willing to take on the hard positions it, would be easy, it would be so easy are to kick the ball down the road for President Trump, leave troops there, leave status quo in afghanistan but President Trump and secretary pompeo are not willing to leave the status quo because you have to mark hard choices and tough choices sometimes controversial when you say you will end a war. Charles bottom line, it cannot possibly be a sort of smooth, hey, we put the segtures down and we live happily ever after. No. Charles there is not a disney movie, right . There will be pockets of violence, everyone anticipates that. Thats right. Charles i want to switch a little bit, because the coronavirus is global story particularly in iran. That rogue reg dispeople is accused of hoarding uranium. Nuclear watchdog says iran tripled their stockpile since november. This is months before they broke parts of the nuclear deal following the slaying of their top general. This is something they always wanted to do. They have been looking for excuses. What has to be done if anything to curtail this behavior . Secretary pompeo spoke to the two new iaea reports at stayed department podium. These are monumental reports. They show as you outline we have more and more evidence of iran hiding their activities, hiding materials, not being fully compliant. These are things not surprising to any of us who had to deal with the Islamic Republic of iran and a regime that has been hellbent on pursuing this path. We will continue our maximum economic pressure campaign. What we need is the world, including the e3 and europeans to, people who are signatures to the deal to continue to help us pressure iran to get back to the negotiating table. President trump has said unequivocally that iran will never obtain a Nuclear Weapon as long as he is president. For us it is important because were often criticized from withdrawing from the jcpoa. It is important to put the independent reports out, to give light to the report, like the iaea report show exactly what the regime has been up to. One final thing, you mentioned iran and the coronavirus at the beginning. Here at the state department our heart goes out to the iranian people who once again have been lied to by their regime. Youre seeing senior officials of the regime that are dying from coronavirus. You had a senior official in iran today that say, that said significant amounts of the population in capital in iran could be exposed, could get the coronavirus this regime is not transparent. Theyre totally unaccountable. They lied for days about ones being who shot down the ukrainian passenger airliner until they were caught redhanded. Now the poor iranian people have once again just been completely misled and mismanaged by their regime and now theyre having one of the worst outbreaks of coronavirus anywhere in the world. Charles still so opaque. Were not sure to what degree it is. All we know it has been horrific. Perhaps the worst place on the planet right now with respect how theyre dealing with it. Real quick, speaking with. Senate moments ago passing a spending bill to fight the coronavirus. They will send it to President Trumps desk. What moves are the state department doing specifically with respect to helping americans keep them safe from this virus, the threat of it at least abroad . Excellent question, charles. Im trying to say this as much as possible because as americans are thinking about traveling overseas, as youre making your summer plans go to state. Gov, go to our twitter, facebook handles, instagram. We updated information for travel advisories. We updated information recently about italy, south korea and japan as it relates to the coronavirus and it is not just where americans should be cautious traveling with the coronavirus. We update this very regularly, as soon as we have information we need to get tote American People about the safety and security of their travel abroad, we do so. Would remind the viewers, by generosity of the american taxpayer, usaid has been able to fund up to 100 million assistance overseas for countries that need help fighting the coronavirus. The United States will continue to lead, we will continue to push countries transparent as we fight this global epidemic. Charles Morgan Ortegas, thank you very much. Really appreciate it. Thanks, charles. The market hitting the lows of the session just moments ago. Up next, steve moore will weigh in how our lack of trust in institutions make this so much more difficult to deal with challenges like the coronavirus. Could this be the moment that changes . [ indistinct talking ] a new kind of investor is changing things up. With an app thats changing the way we do money. Download robinhood now. Charles so much what is happening in the economy and stock market, matters how well the government tackles the virus. The house passed a 8 billiondollar bill yesterday. This is towards the end of the session. Still bickering continues. Keep in mind, voting 415. Two voted against it. It underscores the urgency, the bill was larded up to the gills, everyone knew that. Consider the monumental decline for most institutions, except for military police. This is moment of truth for them and the credibility. Only 4 trust congress. 7 the internet. Only 8 trust with tv news. Media has been failing thus far. Although some seen to understand and care more about the role of staving off the potential hysteria. This is moment in time. Everyone would ultimately be judged by, even those with the power to skew Public Opinion later on. Joining me on to discuss. Trump advisor steve moore. Gallup has a great deal of trusts in these institutions up from 16 from 2016. 4 for congress. 15 for the medical system. 8 for tv news. You wonder why people are panicking. You wonder why people keep buying masks. They dont believe the officials. Nor should they in many cases. Lets take the example of what you were just mentioning. The 8 billion spending bill. How much of that money do you think is actually going to be used charles, to combat this virus . I mean the president asks for what 2 1 2 or 3 billion. All of sudden exploded into 8 billiondollar bill. Half of the stuff, at least half of the spending in that bill has nothing to do with containing virus. Pork barrel projects, social programs and foreign aid. Charles if you were an elected official would you dare be one of the two who voted against it . You know it is a tough no vote because the most important thing right now is to get the money that we need to contain this virus, both for Peoples Health obviously but also the health of economy as we watch the stock market fall. Should, dont you think, charles, these congressman and both parties,. The we dont need to spend all the garbage on all the programs, they have used it as christmas tree. They have used the Public Health epidemic to fund their social programs. I find that to be reprehensible. Same thing with foreign aid. I heard fascinating interview you had with Morgan Ortega at the over at the charles state department. State department. She was spot on, you know that foreign aid money, how much of that money goes to the usaid do you think will help people who right. I know from history of program very little bit. It will all be intercepted by the Foreign Policy blob at these countries. Charles a lot ends up in swiss bank accounts. Without a doubt. Youre exactly right. A lot of things contributed to yesterdays rebound. One really good we saw Vice President pence, doing his thing with the task force. We saw dr. Fauci, we saw secretary azar, dr. Ann, Ben Ben Carson making rounds. On the show two days ago. I think we got to keep that going. This is the moment in time for everyone to take the chance, newspapers, we have a 12 trust in them. Theyre dying in part not just because of digital but because people dont trust them. Internet 7 . No one can control that beast. At least with these government agencies, there is a chance now and these officials to step up and to show the leadership that people just lost faith. Ive been somewhat disgusted with the media treatment of this. First of all, we were talking about, im not a Public Health person. That is not expertise, this is virus. This is the a flu in its, its serious but you know the idea that everybody is going to die and everybody should stay home. Watching espn last night. I turned off fox business. All they were talking about all the sporting events have been canceled. Why . Because it is, it is fear, what we have to fear is fear itself. People have to calm down. It would be wonderful if the maid yaw actually put this in rational perspective. Cant there be one occasion where the media doesnt politicize things and try to make it an antitrump case . When the New York Times calls it the trump virus, we know youre interested in scoring political points and not giving people real information about the virus. Charles want to go back in history see what kind of ridicule was given when the president back, said we have nothing to fear but fear itself . I wonder, a president saying that these days will be ridiculed every single day until the crisis gone away. Steve, we have to leave it there. Thank you very much. Take care. Meanwhile, speaking of president s, Elizabeth Warren will not be this year. She is out, folks. Vowing however to stay in the fight. The senator so far not endorsed anyone. The voice was owe motion. It cracked talked about meeting so many little girls. Take a listen. One of the hardest parts of this is all those people, and all those little girls, who are going to have to wait four more years, that will be hard. Charles joining me wall street journal opinion writer jillian melchior. Jillian, these speeches folks given to bow out are the best speeches, she has gotten flak the notion women didnt vote for you. You were not necessarily the ideal candidate for the little girls in the first place. Dont make it sexist issue when it might have been a candidate issue. What went wrong with her campaign, she had very progressive policies that she made the mistake of putting out a plan for all of them, went very in depth what the economic conseqences would be, what is would actually cost. Charles she was called out and ones she didnt put out, the green new deal, she finally cobbled something together that shocked the heck out of everyone. She didnt have a great track record of credibility, you know for bending the truth, for lack of a better term. And that just cemented it i think for a lot of people. Men are concerned about the economy. Theyre concerned about their businesses. Theyre concerned about their families being better off. I dont think theyre voting based on identity. She and many other candidates on the democratic side that played up identity, they have a central part of their campaign, you seen them fade. Not a message that is resonating with americans. Certainly not with american voters. Charles you have to believe the vicepresident ial candidate for either bernie or biden will be a woman. Yeah. I think that is a pretty safe bet. Charles let me ask you real quick, i will squeeze this in. Prosecutors charging one of the president s of one of the most biggest influ endings unions, uaw, gary jones. Alleged embezzling a Million Dollars from the union. A takeover the union is possibility. Nine officials pled guilty since 2017. Like this, the news doesnt shock us anymore. That is kind of sad. Uaw i think is in the spotlight right now. I was looking at department of labor records. Since january 1st, 2019, 61 Union Officials from the uaw down to small locals in the midwest, pleading guilty or being convicted of embezzlement. Charles 61. 61. Or other crimes. I think often the victims are union members. Charles right. This is why it is out rain just and Bernie Sanders outrageous and joe biden said it be would be eliminate right to work in the labor policies. Unions should judge for themselves if the union is corrupt or not. Charles especially if the union leader is smoking 800dollar cigars. 13,000 spent on cigars allegedly for union business. Charles we are off more than 900 points on the dow. Price discovery thing continues. Explain that even more later in the show. President trump leaching out to latino voters as 2020 election is now basically a twoman race. Well be right back. Ual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Theres a company thats talked than me jd power. People 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. Oh no, here comes gthe neighbor probably to brag about how amazing his Xfinity Customer Service is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service simple, easy, awesome. Ill pass. The end might not be as happy as ayou think. End. After all, 4 out of 5 people who have a stroke, their first symptom is a stroke but the good news is you can rewrite your ending and get screened for stroke and cardiovascular disease. Life line screening is the easy and affordable way to make you aware of undetected Health Problems before they hurt you. We use Ultrasound Technology to literally look inside your arteries for plaque that builds up as you age and increases your risk for stroke and heart disease. So if youre over 40, call to schedule an appointment for five painless screenings that go beyond annual checkups. And if you call us today, youll only pay 149an over 50 savings. Read it again, papa . Sure. Ive got plenty of time. Life line screening. The power of prevention. Call now to learn more. Charles President Trump promoting economy and border wall at the Hispanic Business Group summit. Top republican senators met to discuss the daca Supreme Court case, antiillegal immigration stance which many say hurts support among latinos. Here to debate it, jose arismuna, american first action spokesperson steve cortez. Steve, let me start with you because you warmed up to President Trump over the, over the election process period. Right. Charles you and i had many conversations. You were one of the first hispanic friends i had who initially wasnt sure but really embraced the president. What have you seen from him that makes you feel you made the right choice . I think he did make the right choice. By the way i have a lot of company in that opinion. What i mean, polling shows us over the course of this presidency, hispanic support for the president has increased dramatically. Recent fox news poll, 52 of latinos in america approve handling in the economy. That is issue number one reason im glad i supported the president. Why i think he is winning over hispanics. When it comes to politics, in contrast to what main street media wants to believe, hispanics are not fixated on the border. Were not one issue voters. The economy is in fact the Real Driving Force of our political persuasion. On that score, this president has been magnificent for all americans, but particularly so for hispanicamericans. Charles jose, watching the democratic nomination process play out, it feels like hispanics, were grouping in a whole lot of different people with different perspectives, are a wild card. Theyre not necessarily enamored with biden who is rocketed to the number one position. That they are a group that is up, thats up, that any candidate president ial candidate on either side of the aisle has a good chance grabbing a lot of votes . I think, i think first and foremost too early to say that i think. I think were still in the primary season. With latinos specifically, Vice President biden will do very well in florida and beyond. I think he is set to hopefully be the nominee and if he is, i, i am confident that the Latino Community across the country will come together with joe biden because look, you know, the reality that latinos not only care about the economy, it is important of course, but they care about Climate Change, they care about immigration, they care about health care. President trump has not delivered in any of those things. So, look the numbers dont lie. Weve seen it. Latinos time and time again historically come support democrats time and time again. President trump wasnt even able to get over, over 30 of latino support. I dont think he will do too well in this coming election. Charles you know, steve, i do find it interesting, when these Political Parties sort of foist upon groups, what they should be interested in. Right. Charles there is a whole bunch of things were interested in, but i would suspect that the majority of folks who are trying to climb the economic ladder in this country, blacks and hispanics, in particular, are more concerned about those unique opportunities that their parents didnt have, and their grandparents didnt have, more so things like Climate Change . I think certainly. Small business, in particular, in regarding hispanics, we are by far the most entrepreneur hal demographic in america. We have tremendous startup zeal in the hispanic commune. Were twice as likely as other americans to start new enterprises. The Small Business community is thriving broadly, not just hispanics but everybody in the country right now. A recent poll taken by surveymonkey. 64 of Small Business owners in america support President Trump. That is a new high for his presidency. Many Small Business owners are hispanic entrepreneurs and i believe that factor alone is going to push the hispanic percentage at least into the 40s i believe. We got 30 last time, if not actual outright majority. That is entirely possible come november. Charles jose, i have a minute to go, but what specific issues should the candidates being focused on . What is a democrat candidate say that specifically speaks to hispanic voters . Look. Well talk about, well, were going to think forward. Well fix the economy. Well get the economy better. We make sure we actually fix obamacare. We improve obamacare. We make sure we care. We have a president in the white house that cares about Climate Change and immigration. Compassionate when it comes to immigrant brothers and sisters. That is the President Joe Biden will be. Once again were going to overwhelmingly have huge latino support for democrats. At least 60, 70 . President trump wont get close to 30. It will be a miracle if he gets anywhere close to 40. Get ready for miracle. Charles the beautiful thing, well play this the day after the election and see. Cortez says 40 plus. Thank you both very much. Thank you. Charles wild volatility on wall street continues this as the 10year treasury yield at a new alltime low, claman countdown host liz claman with me now. Some are saying this is causing a lot of homeowner interest. Up 224 yearoveryear for just last week. Then today we got the brand new number for the week, right . For the 30year fix. It too has plumped depths neverbeforeseen before. Were at 3. 29 for the 30 year fixed. What does that mean . As so many employees told to work for home, were looking for better deals. To refi or not to refi, how much lower will this go . I know a lot of viewers are watching that right now. Should i refi . Originate a mortgage . The guru who many of the Mortgage Originators around the world wait for when it comes to predictions, barry habib of mbf highway. He will join me live in a fox business exclusive. I will point blank ask him, charles. Should i refi today, or do i go, do i wait a little bit longer. To see it at alltime record low makes you wonder. He will answer the question. Big selloff. Charles one step further. Get an application from from barry for me, please . I will ask him. Charles barry hab habib absolutely best person for the topic. Tune in to claman countdown. It is at top of the hour. Well stay on the market selloff. Dow more than 900 points. Including individual investors, if you havent broken yet because wall street is trying to break you. Well be right back. Matter whas you are in, Digital Transformation never stops. Verizon keeps business ready for whats next. man we weave security into their business. second man virtualize their operations. third man and could even build ai into their customer experiences. We also keep them ready for the next big opportunity. Like 5g. woman where machines could talk to each other and expertise could go anywhere. woman when it comes to Digital Transformation, verizon keeps business ready. Charles all right. Folks, the major indices, as you can see, all near the low of the session. Significant losses, this after the dow was up more than 1,000 points yesterday. Here to help us figure out as we head into the last hour of trading, rebecca walsher is back and david dietze is back. Just your initial assessment, because i found todays session intriguing. Early on there was an attempt to sort of i think sort of bring some buyers off the sideline, we started to recover slowly, but no one took the bait and then we sort of cracked the early support point but we are still above mondays lows and significantly above fridays lows. How important is it that we start to put in a series of higher lows . I think it would be a really great sign, right . I mean, im expecting that we will potentially go lower as more cases are diagnosed and deaths rise, but it would be great if we could start to see the beginning of the end already. I do think thats a little too ambitious. I dont think were there yet. Charles do you think with regard to that, then, one of the issues is that the individual Investment Community still hasnt blinked, they still havent had that sort of climactic, you know, tossing in the towel, the American Association for individual investors came out with their update today. Bullishness went up eight percentage points. Its really remarkable. But people are actually looking to buy in this market, not sell. Does that bother you . Rebecca . Im sorry. Yeah, well, it doesnt bother me because i dont want the market to overreact and panic on the coronavirus which you know appears to be a really severe case of the flu, causing death in more cases so i dont want the market to overreact. I think it is an overreaction although we will have interruption in supply chains, but at the same time, i am shocked at this report, going paint 8. 3 to the bullish side. In the middle of the coronavirus it was shocking to me. Im glad we have strong Investor Sentiment but the truth is we are going to have some disruption in earnings. A lot of people are staying home, we arent getting the travel, we are having all these conferences canceled and all of that will bear out. The airlines alone, over 113 billion of lost revenue. That is going to bear out unfortunately in our earnings and therefore, we are going to see it. Its great they think its positive but unfortunately, its not going to all be positive. Charles certainly not in the short term. 113 billion, thats all global airlines. 21 billion attributed to u. S. Based airlines. David, you know, its interesting because every time we do go through these things, we look back and it feels like a blip. Certainly when you pull out a longterm chart it looks like a blip but day to day, minute to minute, it is frustrating and for many, its scary. Theres no question about it, people are more afraid of whats going on in the coronavirus than whats going on in the market. Nevertheless, lets remember a few things. The market has recovered from every single dip. I have studied all these Health Scares over the last 30 plus years. Within a year charles why do you think this one, though, is different in terms of the response . It feels like we are in the midst of one of the worst flu seasons ever. Yes. I think china is a much bigger player on the world stage, so av seen the stuff in china. We have a lot more trade with it. I think that is one thing. But charles to that point, we have moved away from the China Economic story. I thought when this first started, i thought the buy signal would be fewer cases in china and more people recovering and going to work. That news doesnt even resonate anymore. Its happening but it doesnt resonate anymore. I would agree with you. The china cases seem to be levelling off, some of their severe quarantine situations are actually getting some traction here. We are seeing it on our shores but remember this is a lot like 9 11 where people told me after the attacks im never going to fly again. The airlines went down, disney went down, everyone froze and then caught their senses again. I think thats whats going to happen here. Charles rebecca, the bond yield, ironically, the curve has gotten a little better between the two and the ten, it was 35 basis points coming into today, but we are setting records to the downside there. Is that a special message for you with this market . Well, you know, its always, when people fly to safety obviously the yield goes down. Thats what were seeing, investors reacting and flight to safety and obviously the yields going down. But charles, record lows,. 9 on the tenyear, its like what . We are getting so close to negative Interest Rates which is really somewhere i dont want to be. The fed preemptively cutting everything half a basis point this week outside of charles you will probably have a cut again. Thats what everyone is saying. We will see. Thank you both very, very much. Liz claman, over to you. Liz yeah, you know what, what the bulls giveth, the bears taketh away almost like clockwork, every other day. Wall street looks to hit a notorious record as march markets come in like a lion. From stocks to bond yields to volatility, everything is in play in this final hour of trade. The dow is tumbling, down 987 points, inching closer to what could be the biggest point loss ever, set just five days ago at 1,190 points. To treasury and mortgage yields, both the tenyear yield and the 30year fixed Mortgage Rate have dropped to alltime lows on fears the coronavirus outbreak will sink the u. S. Economy. But those lowbe

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