Making money. Charles stocks sinking as markets are now looking to the white house to mitigate the Economic Impact as people shut in and nation shuts down. President trump meets with bank being executives in an hour as everyone holds their breath for answers. He was a noshow last night at the presser, stock futures turned decidedly south, pressure normally used to bully the Federal Reserve. This is it. America elected President Trump for this very moment. So what must he deliver today . I want to bring in rosecliff capitals mike murphy. Kaltbaum contributor, gary kaltbaum. What do you think President Trump has to do or say today to calm these markets . Anything . Look i remember in 87 reagan came out and said if you believe in the long term future of this country you have got to own stocks. That is all he said. Were dealing with Something Else right now and its this virus. I heard some Administration People talking about the economy, the economy, the economy, but right now the virus is the economy. The virus is moving things all over the map right now. The travel industry, conferences, schools, universities, spending habits, people instead of putting down money to take a trip to hawaii are going to the store to buy purell and wipes that has to be addressed first and foremost. I would be jumping all over that left and right. Im not in this big camp that you can just do a payroll tax cut, oh, and things will get better. Oh, you can lower interest rates, and things will get better. Im a real big believer right now, address the heart of the matter and that is the coronavirus at this juncture. Charles mike, i think there is a twoprong thing. One part of the white house is working on coronavirus with very capable people including dr. Fauci and everyone loves but there is the Economic Impact of watching the market go down. You know, listen, we know that the economy will get hit from the economy that gary just described but by the same token you dont want to fracture Consumer Confidence or consumer sentiment. This is where maybe, wall street and main street wants to hear what the president is exactly going to do. I agree, i think it got to be more than a payroll tax cut. I also think that President Trump will have to come big. I agree. The president , one thing he has done great. He talked about fake news from back in 2016. And he took control of his own narrative. He came out on twitter. He gave his message when he wanted it, how he wanted it. I think white house and President Trump need to take control of this in a sense. There is so many people online, on internet, reading some things that are fake, some things being blown completely out of proportion. To come out and give facts at the start of things and then to talk about what he is going to do to combat the virus which in turn is going to help the economy, not lose too much footing, which will avoid a recession which will get things back on the path. David charles when you say fact the, this is what weve seen in other companies, these are things were seeing most susceptible. There are trends in south korea that we can start to look too and how they get there so quickly. How did china get to where they are so quickly and share ideas . When i say facts i read something this morning how the United States will not have enough hospital beds to treat with h this and people are on the streets with the coronavirus. That is not true by any stretch. Imaginemation. It coturn into a massive problem. Right now roughly 1000 people are infected. As more testing is done, more people. What are we expecting . Not necessarily just from the president , but from the head of the cdc, from dr. Fauci, from can i just throw a couple things in . Around the globe 60 some odd thousand people have recovered from this. Thats number one. If you read what is going on in italy most of the, and not to diminish anybody who passes away, but most of the people are 90s, 80s, 70s, and had issues beforehand. I really do believe some of that needs to come out in a big way. But then on the other end you get america kill from germany, 60 to 70 million germans will get the virus. So you have a competing stories going on. It just does not help. Remember we hear on daily basis, charles, south by southwest, here in orlando, they shut down 45,000 people conference that doesnt instill so much confidence. If i was the president right now, 8 00 p. M. Prime time tonight, i would go out there and put out the facts and the steps. Not at 3 00 p. M. , not with six people surrounding him. Just him, either coming from the oval office or one of those great rooms there in prime time. Charles great point. Real quick, mike. Last night when he came out, had the presser they have been having every night, when President Trump didnt come out, futures were unchanged. They have started a precipitous fall and have not started falling since. A lot of people grabbing at the president. A lot of people want a lot of Different Things from him, from wall street perspective what do they need to see. Wall street putting pressure on the president. They normally put on Federal Reserve chairman. This is message from wall street to President Trump at the very moment. Absolutely. He is up to the task. He needs to tell people exactly what is going on and what he plans to do, really charles, just to say, were here, we have your back, well handle it whether it is from a tax cut, payroll cut, interest rates, whatever it is well be here to support the economy which will support the market. Charles we have to do more than wear a sweater in the wintertime. Mike, gary, thank you very much. Gary tonight on bulls bears 5 00 p. M. Eastern on fox business. Coronavirus stimulus plan though is expected to be introduced to Congress Later today. The house planning to vote on it tomorrow. While treasury secretary Steve Mnuchin says President Trump feels strongly, American Companies must be protected from the economic fall out, but he says not necessarily bailed out. I will also say there may be specific industries and i want to be clear, this is not bailouts. Were not looking for bailouts, but there may be specific industries that are highly impacted by travel, that have issues with, with lending and just like after september 11th, the government authorized certain loan guaranties. We may consider that. Charles joining me Heritage Foundation senior advisor, spokesperson, genevieve wood. Hi, charles. Charles im really worried about the administration, traditional republicans, fiscally conservative republicans will be too fixated on the nuance. It is not pa bailout. It is temporary. It is only for a few. We dont want to raise the deficit. Im very, very concerned that today, this week, this election year, that could be the wrong thing to be focused on . I think what youre previous guest made good points, they need to hear from the president. He needs to be he is already out there a lot but he needs to be out there constantly reassuring folks, insuring that we do actually have the facts. But, charles, you know as well as anybody, when ever there is a crisis like this, washington, especially special interests never let a good crisis go to waste and they try to get their hands in cookie jar to get a bailout or a special favor. What we have to be careful about here, any money washington gives out, it is targeted, it is temporary, that it actually goes towards promoting and aiding public health. Let me give you an example on that. If you talk about payroll tax cuts, for example, what that is going to do . That is encouraging people to go to work because theyre going to be making more because the government will be taking less. In some cases maybe we dont want people going to work if theyre sick or in epidemic area. That could have opposite affect of actually aiding and helping public health. Something we could be doing. I will promote a heritage paper that literally came off the presses an hour ago where we talk about, do Something Like epidemic tax credit. You say to a business that has a lot of workers or one worker, if you have workers who cant come into the office or into the workplace because theyre sick or living in an area that has been declared an epidemic zone, that coming, they may not be sick, but could get sick, could be exposed to the virus, we should say to those businesses, were going to give you a tax credit that allows you to give 90 paid leave to those workers so people sick, dont have to worry about not getting income and those who arent sick, but need to have an income, dont risk coming into the office. Thats limited. Thats targeted. It is temporary around it actually goes in the realm of public health. Charles genevieve, if he did that, i think President Trump would lose in a landslide. This is why. We started a show in san francisco. Theyre stopping gathers of more than 1000 people. They will not have the basketball game in golden state. The guy who sells hotdogs in front of the stadium, who will pay his medical bills if he cant get work . In other words, if youre so precise with this, if youre so limited with this saving the country by saving small pockets of it, i think President Trump hands the election to whoever the nominee is on the other side. Charles, we can go completely the opposite way, everybody can say somehow theyre impacted by this every business out could say, look, Heritage Foundation, were not having some events we normally have. Will that impact number of donations people make to our organization . It may . We cant have events we normally have. We have to be prepared for that. The government doesnt owe us money for that. Charles no. I think you know everybody, especially big business and special interests, it is not the hot dog vendor im worried abought. It is Airline Industry and all these others. Airlines will get money, oil drillers will get some money, maybe down the line even cruise Ship Operators but if there is not a way to find out how the average american who is, get hit by this because, not everybody is on the corner. So many people are not in the hot zones but still cant get to work. Genevieve, we got to go. Send me the paper. I would love to read it. Time for traditional things like that with the clock ticking it could be a big mistake. Always appreciate your time. Thank you, charles. Were watching a sell off for you, folks. Investor looking for strong action from the white house. President trump meets with the top bankers in the next hour. We hope to hear breaking news. Well give you a preview. Could breaking a quarantine order actually land you in jail . One of our favorite legal analysts will set the record straight a later in the show. Awesome internet. Its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] and now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles stock markets continue wild swings. Ceos are set to meet President Trump at white house. Break burman live there now with the preview. Blake. Reporter what a time ceos come to the white house. Not only corner of wall and broad today, last days and weeks, here in washington right now there are debates going about how to deal with some sort of economic stimulus measures or package or bailout, whatever you want to call it as it relates to the coronavirus. 3 00 is scheduled meeting 45 minutes between the president , Vice President and leaders of nations seven largest banks. Bank much america, citibank, jpmorgan, goldman sachs, wells fargo, u. S. Bank and truist. Suntrust, lead and bb t, leaders from those banks will be present. The government is trying to hammer out the response to the coronavirus, the treasury secretary talked up the idea of potentially delaying the tax filing deadline. Treasury secretary Steve Mnuchin saying up on capitol hill not only individuals might be able to ask for a delay, he went well beyond that as well. Listen. For small and mediumsized businesses, for hardworking individuals, we are going to recommend to the president that we delay, we allow the delay and that they dont have to pay any interest or penalty on that. That will have impact of putting over 200 billion back into the economy, and that will create a very big stimulus. That will be very good for the individuals. It will be very good for the economy. Reporter Senate Democrats also released their Economic Relief measures. They say a package should include things like paid six days. Six months loan forebearance, rental assistance and Small Businesses grants. Top democrat in the senate, Chuck Schumer appeared to take issue with a upcoming white house meeting along with measures pushing forward. President seems to interested to help big banks than help americans. The president is more eager to help Oil Companies than person who lost their job because of corona. We dont believe that works. So the administration is proposing tax cuts and bailouts for the Airline Industry, the oil and gas industry. That is just out of touch. Reporter the Senate Democratic plan, charles, does not mention at all a payroll tax cut. Keep in mind that House Democrats also at some point are going to be putting their plan forward. The House Speaker nancy pelosi, is in active negotiations with the treasury secretary Steve Mnuchin on that front. Bankers are over at white house we believe in next 45 minutes or so. Charles . Charles blake, thank you very much. The National Guard heading to new rochelle to enforce containment as the World Health Organization finally declares coronavirus a pandemic. Coming up next, one mayor from a town eight miles from manhattan speaks out about the challenges of keeping his residents safe. People are afraid to go to the supermarket. Theyre afraid to go to the cleaners. There is a lot of anxiety. Their medicare options. 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Talk, talk charles moments ago during the break we hit bear market territory officially for the Dow Jones Industrial average. That is anytime an asset or underlying stock or index like the Dow Jones Industrial average goes down 20 from the high. They will officially score it at the close. But as of this moment the Dow Jones Industrial average has entered bear market territory. I want to bring in mahoney Asset Management ceo, kima hone any, take his take on this, what it will take to restore confidence and stability with market and main street. I feel almost like chicken and egg. More market goes down, less stability you have on main street. Less stability on main street, more vulnerable market will be. Vicious cycle. People felt good about it, making good purchases. Looking at 401 k statements on regular basis. We used to see them once a year, quarterlily. Not looking at intraday basis. We see the accounts going down, it does take some wind out of sales and consumers add the coronavirus, uncertainty, people are pulling back on spending. Charles what do you make of it . The bear market, for s p and nasdaq to get there. I hate the structure of the dow which im not surprised. What does it mean for investors, other than maybe trivia question down the road. Does it signal to you, more weakness, more vulnerability. Perhaps getting oversold . It is hard to say. Market, like, is this overdoing it. Is it too much . I think market is getting it right. Factoring the different dominos that fall. When you have everything we have. First 10 , other 20 , has to do more with frothiness that we have. We went straight up. Low volatility. Setting records, setting records. Charles was overdue. The next 10 trying to figure out those companies that warned already. Apple warned. Microsoft warned. A lot of companies now warned yet. Market did it for them, cutting price. Charles big news out of goldman, one of the top analysts said the bear market would be over. One thing that the media hadnt reported in the same report, this analyst sees us rebounding midyear, actually closing up. The s p at 3200. We go all the way down to 2450. Shake everybody out. Charles back up to 3200. Such a scenario possible. If indeed what we see here, people being shut in. Really stalling postponing canceling the economy two weeks to a month were talking about, how much long term impact that should have on economy. Scenario two weeks, four weeks, we could get going. Not sure about 3200. Pentup demand on other side. Problem each day goes on, more people, more facilities. Feeds on itself. Youre not doing anything in the market right now. Quick flips, quick flips. Other than that your main longterm investors are staying the course. Stay with technology. Technology was a leader before the coronavirus. Once we get out of the pickle, out of this mess, i believe technology will be leader. Charles ken mahoney thanks very much. Dow hitting bear market territory. As coronavirus is making paid sick leave. This will be a major issue in november. Joe biden and establishment boxing Bernie Sanders out. Looks like they have a clear path to the nomination but bernie is not giving up. Well break down all the headlines for you next. As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. Can we go get some ice cream . 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Today i say to the democratic establishment, in order to win in the future you need to win the voters who represent the future of our country and you must speak to the issues of concern to them. Charles Bernie Sanders making a stunning announcement just moments ago he is staying in the race, after joe biden had another big night at election last night. Biden, meanwhile is already turning his attention to the general election and spoke directly to sanders supporters. We need you. We want you. There is a place in our campaign for each of you. I want to thank Bernie Sanders and his supporters for their Tireless Energy and their passion. We share a common goal and together well defeat donald trump. Charles however the new uncertainty surrounding the coronavirus beginning to seep into campaigns. The fight in washington over paid sick leave in the wake it of outbreak will be most definitely an issue into november. Joining me to just 2016 Sanders Campaign associate, Tezlyn Figaro and deneen borelli. Bernie sanders saying 87 Million People facing a difficult time because they have Poor Health Insurance Coverage and 500,000 people a year go bankrupt because of medicalry related deaths propelling this whole thing into the general lech and i suspect biden will puck up pick up on that as well. If it doesnt clear up soon, and doesnt look like it will, it is a drip, drip factor with individuals get infected, it could possibly have an effect on the election but you have to look at the fact President Trump is doing everything he possibly can, charles, because he is looking out for the men and women much our country and our economy. He has assigned a special task force for the coronavirus. He also has the Insurance Companies who they negotiated with to do away with the copays with regards to the coronavirus issues and also to extend coverage for individuals. So the president is doing everything he can in terms of dealing with this crisis for our country. Charles good news out of the meeting yesterday and we hope we get similar news less than an hour when President Trump meets with the big banks. Tezlyn, were you surprised biden didnt drop out . Im sorry, not biden, but bernie . He sounds more i wont sable belligerent and more determined than ever before . I said many times sanders will not go anywhere. He will continue to stay in the race. He is antimath and promovement. Numbers arent there make you can help him add it up and show he certainly doesnt have a path. Senator sanders his message was this morning we need to move not we, the Biden Campaign needs to move more towards his ideas. He is forgetting to compromise move towards biden ideas, most folks are moderate, people are independent and dont want to dismantle the system. Not whether i agree personally or not. We have to look at what the voters said. In michigan no county was won by senator sanders. The excuse of oh, black voters is was out the door. The excuse, he cant get white women is out the door. The excuse he cant get College Educated folks or northern College Educated folks is out the door. It was very good message. I organized most of my time in michigan for senator sanders in 2016. They are over the exhausting primary. They want to move forward. That is the message they sent yesterday. Charles switch to joe biden for a moment. Deneen, most people seen the encounter joe biden had with a union worker, where old fisticuffs, in your face, go around the back to discuss it. For those who didnt see it, take a look. Well share it with you. [inaudible conversations]. Charles deneen, that is the guy who will probably, if he is the nominee, challenge President Trump to take it out back a couple times behind the building . Yeah. Imagine that visual. Listen, im sure the establishment democrats want to wrap biden in bubble wrap and keep him away from the public. Amazing the momentum is behind him but the only way it is because of the establishment democrats. He is cursing at people. He is telling voters to vote for someone else. Did you notice how he shushed his female Campaign Staffer trying to rescue him . So he is a train wreck a slow motion train wreck were watching before our very eyes and, yeah, i cant imagine him on stage oneonone with Bernie Sanders much less with President Trump. Charles tezlyn, i want to give you the last word. I got to tell you, a lot of things he says or does, feel like theyre more than gaffs. They are more than gaffs. He is always been the same joe biden he always been. Constant gaffs, constant mistakes. I always said he is not the best candidate. People know running a socialist against President Trump would be a disaster. We all know that. I think that is what folks are saying. Biden is the best of what they have last. Not saying that he would win against President Trump. It is just saying that is the best what they have. This is senator sanders race to lose. Establishment politics play a roll. He had more money, more movement than anybody and he coo not move his base and not even retain what he had in 2016. He has to take the l, charles. Charles he will have to take it. I think the final straw was constant embrace of castro and these communist regimes. Thank you both very much. Appreciate it. Meanwhile, folks the tristate area surrounding new york city is getting pummeled by the coronavirus. New york seeing the most cases in the country while new jersey sees its first death. Connecticut starting to spread pretty quickly. Is this time for drastic containment measures at state and local level . Joining me mayor of englewood, new jersey, michael wildes. A pleasure. Thanks for having me, charles. Charles most dramatic announcements from state and local governments. Andrew cuomo with many quarantine of new rochelle. Englewood only a few miles away from new rochelle. As a mayor what are you doing, what are you considering here . Were getting all sorts of calls. All sorts of rumors and innuendo. Were grateful to berg begin county executive that declared, saved lives, made formal declaration ever emergency. So they could make purchases, shut things down to protect the mess vulnerable. When i was in the green room, a 10 that fly mayor, said a child has the coronavirus. I immediately have to get the Health Officer involved, the hospital, englewood hospital has a wonderful protocol where theyre allowing people to selfpark, come in with a mask. There is a cap and gown so administrators and staff are not affected by it. Theyre walking in tandem what the Governor Phil Murphy wants in new jersey, all pointing the same direction, following lead from cdc. We have to remain calm. This is certainly something way under control but it can get worse before it gets better. And that means we have to look at the most vulnerable in the Community Whether it comes to elderly people or people with underlying medical issues need to be attended to first and foremost. Charles what when you say well undercontrol if president would say that tonight at press conference the media would eat him alive. But reality looking around the world, italy, for instance, average age of death, 80 years old. Almost every single one, underlying conditions there is certain element of hysteria for that . Absolutely. The first fatality tristate death was bergin county, 69yearold gentleman had Underlying Health conditions. When i say were under control, we as local mayors and officials have to make sure that the first line of defense that we have a good stagerring, we have good resources tracking where individuals have been, reacting to people appropriately, maintaining privacy and so forth. Charles, our nation faced all sorts of challenges this is more out of the box, the way we respond is what our children are watching. Since we whether never given impressions or education how to deal with this, i think we have to touch the most vulnerable in our workforce, in our homes, we have to be smart about things. You cant be worried about the things you would normally worry about. You have to protect yourself, look out foreyour neighbor. Im so proud of all the elected officials in the region. Im shad inned by the loss but im seeing first line of people. We had had had go positive diagnoses. The families are doing fined a of at home. Family members exposed to them are doing fine. We have new people on board and we have to deal with the new normal. Charles nowhere near shutting down your town . No. The schools are open. Theyre going virtual. Theyre having training. We have nothing in the schools. No teacher is affected. Were very graced. Charles mayor, thank you very much. Appreciate it. Here is a question, folks. Could you face jail time if you dont selfquarantine or follow an order like that . Could parents sue the schools for child endangerment in the officials decide to keep the doors open . We have answers to the legal questions everyone is asking as the coronavirus continues to spread. Nooooooo not another commercial when you bundle your home, auto and Life Insurance with allstate you could save 25 . In fact, the more you bundle the more you can save. Put the other game on if its important to you allstate can protect it. Home auto and Life Insurance you could save 25 . If its important to you allstate can protect it. What . Bundle and save with allstate. Click or call for a quote today. [ fastpaced drumming ] 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 more and more people being asked to selfquarantine as the coronavirus spreads but are there some legal ramifications if you dont want to . Lisa garber joins us now. More people told selfquarantine, you cant go here, you cant go there. This is society that doesnt like to be held down anyway there are definitely legal questions on all this. We like our legal freedom and this seems like a tweet lite zone episode. Federal law gets power from the commerce clause. They are allowed to enact all different emergency measures. It dates back to an act from 2010 and Different Health crises laws. States can also enact provisions. In essence you can be held criminally liable for not following dictates at state and federal level. You can get fined or thrown in jail. The question is this if this will happen . Last time there was widespread quarantine was 1918 spanish flu epidemic in the u. S. We havent seen that scale since then. Charles bottom line, federal governments and state governments can indeed say, if we have to stay in a house, wherever, we have to do that, we cant budge . Definitely. They have the power because it is in the public interest. They want to protect Public Safety and health of the u. S. Charles primary schools, a lot of them are closing but some are also staying hope and there is a big question, parents are pulling their hair out because they dont want to endanger their children but some of them also want their kids to go to school. It is very confusing there is no uniformity there. The not like a state saying hey, we have quarantine in the area or region this is School District by School District. Right. Charles what are the laws there as a parent, if i want to take my kid out of school even though there is no quarantine in that particular district . Charles, you pointed out some real clear complexities in the law for this issue. Youre looking public versus private schools. At primary, junior, middle school, high school, college, University Level they are acting differently there are different state laws that educate on this. If for example, some laws have sovereign immunity from schools. We cannot sue if the child gets sick in our school. Schools do not have a special duty for students safety and health that applies across the board. You look at parents trying to sue or pull out the students due to the coronavirus. Charles right. Part of the problem here for some districts and some areas whether rural or poor areas, you dont have Distance Learning capabilities. Can i get in trouble if i take my kid out of school because im worried . Can i be in any legal trouble, if the school is open but i refuse to send my child . It would depend on circumstances surrounding pulling the child from school. The school is looking at what is reasonably foreseeable if your school gets strict f youre looking at district that doesnt is any cases coronavirus you pull your child out there might be legal implications. Probably not. Hard to get angry at parent pulling their kid out. Looking for children be safe and healthy but get theyre education accomplished. Charles leeza, thank you. Thank you. Charles google Biggest Tech Company telling employees to stay home in order to avoid spreading the coronavirus. Other companies struggling to implement telecom muting. Claman countdown host liz claman is here. Not ease if youre a behemoth like google and microsoft to do this work, is it, liz . Not at all. Weve had the conversations here at fox and fox news, what to do if something dramatic happens even worse than what were seeing right now. I can guarranty a lot of you out there are watching and hearing from your own places of work. What happens if you need to work from home, need to work remotely. We know that universities are shutting down right and left. Harvard, berkeley, princeton, weve got fordham is also closing here in new york. And. This is a rolling story as we speak. Microsoft teams, charles, is one of those options that people are jumping to. Jumping to by how much . At 3 00 p. M. Eastern, were going to be speaking to the Top Executive of microsoft 365 teams this is that operation that allows to communicate with your workers in either big groups or oneonone. His name is jared. If china is any indication it is going to get unbelievely busy for Microsoft Teams in china. They are telling us that teams usage has jumped 500 since the coronavirus as people either quarantine themselves, or businesses shut down temporarily. Weve got that. Admiral james stavridis, talking about quarantine in new rochelle and National Guard coming out, well ask him, what happens if the National Guard has to move from helping out, to securing entire towns. Charles that would be a good one. We heard yesterday that they wont have any weapons or anything but their presence alone will be somewhat intimidating who knows. Liz, thanks very much. Tune into the claman countdown at the top of the hour. Stocks erasing yesterdays gains with another major selloff as wall street awaits word from washington. What to expect as we go into always exciting, more so these days, final hour of trading. You wouldnt accept an incomplete job from anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. Sure, principal is a whicfibut think of us as a protect your family as it grows company. A put enough away for college company. And a take care of your employees company. Were a help you ride the ups and downs of the market company. And when its time to retire, were a weve been guiding you toward this all along company. Think of us as all these companies, and more. Principal. Retirement. Investments. Insurance. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com charles all right, folks, Dow Jones Industrial average well into bear market territory now, as wall street is waiting to hear the latest on how the white house is handling the situation, as President Trump is also about to meet with Bank Executives in just a few minutes. Jackie deangelis is at the New York Stock Exchange with the very latest. Jackie . Jackie good afternoon, charles. Well, we are at session lows right now. The dow down 1441 as we speak. We have seen typically in the last hour of trade, at least for the last few weeks, the selling or the buying, whichever it is, seems to intensify into the close. Thats what traders are expecting to see today. But remember, the reason that we saw this more than 1,000 point drop hold and stick so tightly was when the World Health Organization used the language of pandemic with respect to the coronavirus. Traders Walking Around with their heads down just saying its a pandemic, its a pandemic. Of course, this is what we have been watching for the last few weeks. Nobody necessarily knows when it will peak and end but that is what traders are waiting for in terms of this volatility to subside a little bit. In terms of the rest of the market today, oil prices down slightly. Remember, you take risk out of the stock market, you take risk out of oil, trading around 33. Gold prices down about 20. Gold isnt the typical safe haven trade it once was. Thats what were watching here. But all eyes on washington and those executives meeting with the president shortly. Back to you. Charles thank you so much. Here now with Investment Strategies during these volatile times, Constellation Research founder ray wong and benchmark investments managing partner kevin kelly. Kevin, what type of approach, what adjustments have you made for your clients during all this volatility . Yeah. I think its actually getting into the nice stable names where you actually have confidence in their earnings and the earnings hit that may happen, and one of the Great Companies i would actually highlight is actually where the New York Stock Exchange and 49 other exchanges actually do their trading. Thats in equinixs data center in new jersey. Thats where the New York Stock Exchange actually is now. Its a great company. They are a data center. If you are thinking about everyone working from home and you are talking about, liz claman was talking about hey, Microsoft Teams guys going to be on, people will be using slack, you know, their Ticker Symbol is work, they will be doing that. They will be needing to be all this data going through the data center. They are a great refuge. We are looking at that. We are also looking at cell phone towers, so American Tower crown castle, no one actually works at cell towers. I drove past 50 on the way here, not a Single Person but sprint, at t, verizon will all need to spend money putting antennas on the towers because of increasing data usage. Charles the power names have been phenomenal and paid big dividends. Zoom might be another name along those lines. Ray, you sent an interesting note about as we get more information. Im really excited about the idea of four million tests going out. I know all the world numbers will spike but it will also make things clearer, probably bring down the death rate, probably gives us a better sense of getting to a conclusion for all of this. What do you expect once investors get a Fair Assessment of the Health Impact of the coronavirus . You know, we got to get the great data. We need more testing kits. Thats what this comes down to. We get 100 million out there in terms of testing kits, people will say look, the real prevalence rate, the real fatality rate, this is where transmission is. Right now we are guessing all over the place. Without those testing kits in place we cant do that. We cant get to the testing kits because the reagents are in china. We have a supply chain risk on those reagents which is why we are slowing down the way we are doing testing and getting the testing kits out there. Thats been the biggest issue. What im thinking is once we get the case fatality rate that look like its below 1 , it will be. 5 and 99. 5 of people who get this disease actually come out okay, they get a mild sickness, might not notice anything at all, thats great. Lets protect our high risk population. It has to get down to that. It has to be definitive. Thats where the market is worried. Charles i hope it gets there sooner rather than later and we are seeing some pretty good data out of south korea that suggests the same thing. So kevin, as we enter bear market territory and thats going to be the headline from major newspapers and Media Outlets that never talk about the stock market certainly have talked about it for the last three years, is that going to have an impact on the market . Does selling beget selling . It absolutely is. Because one of the things thats going to happen is that people are going to try to figure out where the bottom is and were not going to get that until the next earnings cycle comes. Ceos and cfos dont even know what their earnings are going to be, now that they will have people work at home. Lot of conventions are being canceled, lot of meetings, business is going to be pushed off and delayed. I think thats why you will see a lot more headline risk affecting Consumer Confidence as well as business confidence. So this is a multiquarter situation thats going to actually have to be played out. Thats why you need to take a multiyear approach when you are positioning your portfolio. Charles white house had some tech folks in there, they are asking amazon, google and other tech giants to use their technology, particularly if these people work from home, to gather information about the coronavirus. You comfortable with that . With just 30 seconds to go . Yeah. I think it will be fine. Its important to do that and also keep out fake news thats out there. The wrong information and some of the scams that are going out there. I think thats what the white house was asking for. Police this a little bit, try to do that so theres not a lot of Bad Information out there. Charles it will be great for the nation to come together even if its under these circumstances. Thank you both very much. The Dow Jones Industrial average now well into official bear market territory as i hand it over to my colleague, liz claman. Liz charles, lets give people the number. Thats important. The dow needs to be down 1,377 points to be in a bear market and yes, we are there right now. The dow is in a bear market for the first time in 11 years and two days. That is when the bull run began, that long ago. The s p 500 is not there yet. It needs to be down 173. We are down 145. And the nasdaq is cratering, down about 402 points. Oil for the moment, we do have crude lower by 4 or 1. 42. The price stands at 32. 94 in the aftermarket. Lets focus on the dow. The dow is now down