Transcripts For FBC Making Money With Charles Payne 20240713

Charles payne himself. Plus finding the good in people in these uncertain times. One Plastic Surgeon in new york city doing something amazing to help the city. He will be talking to us about it. In a little bit all that and more coming up on making money. Deirdre moments ago the senate announcing it will take up the stimulus package tomorrow. Gop senators calling for an urgent change to the text that they say will trigger massive layoffs. Hillary vaughn, what is the detail . Reporter deirdre, i want to show you a live look at the press conference any moment were expecting with a group of republican senators, tim scott, lindsey graham, ben sasse, the ringleaders behind flagging this key part of the bill they say would incentivize people to be laid off instead of work because they would make more under this bill, being laid off as opposed going into work. They want to make a change for that. The text for this is still rapidly being finalized. They reached agreement on bones of it at 1 00 a. M. This morning and furiously trying to get this text out so they can vote on it. We did hear from Senate Majority leader Mitch Mcconnell who says he is glad that it at least on the substance a deal has finally been reached. Public health requires that we put so much of our nations commerce on ice. This is not even a stimulus package. It is emergency relief. Reporter we also are getting more details how the money will be allocated for the airline industry. Were looking 25 billion for Passenger Air carriers, 4 billion for cargo air carriers and 17 billion for any businesses critical to maintaining this national security. There are restrictions placed on this aid. The airlines have to maintain a routine schedule they had in effect before march, before the Coronavirus Crisis hit. If they are going to be accepting this money out of the fund. Were getting more information on how midsized businesses, any company with 500 to 10,000 workers on staff, how they can benefit from actual loans that are coming out of this treasury fund. Theyre offering loans at a 2 interest rate. They dont have to make payments for the first six months. There are also caveats for this. They have to be a u. S. Business with most of their workforce based in the u. S. The money has to be used to retain 90 of their workforce at their full pay at least until september 30th of 2020. They also have to agree not to outsource or offshore any jobs for two years after the day that this loan is repaid. Senate minority leader Chuck Schumer encouraged fellow democrats earlier today to pass the bill by unanimous consent and is teeing up work on another round of relief. Certainly not the end of our work here in congress but rather the end of the beginning. The crisis continues to deepen. There will be difficult days ahead and the worst may be yet to come and we certainly may have to come back and do further legislation. Reporter before they move on to the next phase the house has to pass this one an they are not giving any firm details on the deadline. House majority leader steny hoyer in letter to colleagues just in the last hour, before we can determine when and how the house will consider this legislation we must have the final legislative text and clear direction when the senate will vote. I am committed to give house members 24 hours before the house acts. To put this in perspective, a much longer timeline than thinks being resolved at the end of the day. You saw the senate vote. The house is making it clear they are waiting 24 hours before they move on it before Senate Passes it their way. Deirdre Hillary Vaughn from capitol hill. For his take former reagan economist art laffer joining me now. Art, thanks in advance for the time. As hillary just told us seems like the timeline has been extended. What do you make of that if anything . I dont think it i think it is amazing how fast they have been able to do this. I would have expected it to be much longer timeline than it actually is. So the extension to me is rather minimal as far as effect this will have. Deirdre okay. And as far as size, i mean this is huge, right . This two trillion dollar stimulus bill, the right size for you . Well, i dont know if it is the right size or not. You have to go through each one of these programs. If you have some of these loans and loan guaranties involved in those numbers, i think on of them are bailouts or whatever it is, loans to companies, then it is not that, it is very large, it is huge by no means is it small. But it might be correctly sized then. I have to look at each and everyone of them. I hope they got rid of all the Christmas Tree stuff in there. There were some of the most ridiculous things i have ever seen. The bill is doing its job and administration is to be congratulated on working with the house and senate to get Something Like this through. This is not easy in this highly partisan world to get something through. The administration has done a great job getting that done. Deirdre indeed. We heard republican Senate Majority leader Mitch Mcconnell in effect say this is a wartime level of investment into our nation which is pretty strong language, but to your point, it seems quite necessary . I dont know if it is quite necessary or not but you know, it is being done and appropriate timing. That was a pretty big market crash. Coronavirus is no joke. It is a real serious thing and it really disrupted our economy. They have responded. I think they have done a very good job responding, a really good job. Deirdre what about this tension, art, treating people who need care which there are many, if we believe the experts there will be many more, balancing that with keeping the economy going from a 30,000 point of view, 30,000 feet up point of view, how would you straddle those very hard for me to do that, deirdre. 30,000 feet is not where i am. Im 80 years old. Im right in the target population. The average age of deaths in italy was 81 . Im right in there, down and personal for me. The president is correct, you have to look at the Economic Health of the country and the physical health of the country. I think he is making a great balancing act. If he hits the easter target i would be great but you can never reject the economy as being a serious thing. Poor economies are much more unhealthy than our rich economies. Health care is just as much a part of good economy as it is a part of medicine. Deirdre health is wealth as they say. The president has all of this information. He makes the decision much better than i ever could. Deirdre all right, art. Keep well. Thank you. For your time. For your thoughts. Thank you very much. Very well, deirdre. I didnt mean to scare anyone. Deirdre in day and age, we have to say it. My wishes go out to you as always, sir, thank you. Thank you very much, deirdre. Right back at you. Deirdre i will take it. We need it. Talk about the markets we want to bring Capital Management president , Fox News Contributor Gary Kaltbaum, Research Founder ray wang. Good to have you both. Two great days. I shouldnt say that at 2 00 p. M. Eastern time, gary, what is your take . My motto is dont blink because i have never seen moves like this. The most important about this, we heard it from Neel Kashkari on 60 minutes this weekend. We have unlimited amounts of cash to put in the system. Six million from d. C. , four trillion from the fed. I think it will total somewhere 12 to 15 trillion when it is all said and done. Markets love easy money. You see that reflected. Well have to get back to the real world soon, that is earnings and revenue. If we stay shut down for two two for long, i think markets head down. The virus is the economy, the virus is the economy. Deirdre ray, based on what gary told us, do you agree or disagree . Gary is spot on. The backstops are there, that is the short term. Revenues have to come in. If this thing goes out four, five weeks longer i think well be in trouble but there are also bright sides if you look where the market is. Companies that are sitting on cash. We have google, facebook, apple, oracle, cisco, amazon, theyre sitting almost half a trillion dollars of cash. You might see a lot of merger and acquisition activity once we roll out of this, as well as consolidations in the market. That is the important thing. Deirdre ray, i dont want to cut you off, but do you think Business Leaders really have the confidence . When you buy a company you have to have a lot of confidence in your future. Do you think that is there . There has been a lot, valuations are so low. I think there is a lot of opportunities. Key metrics are important. If we see case fatality rates dropping, new cases start dropping and figure out what the real prevalence numbers are as testing picks up. Those are three numbers everybody is looking up. If we get to that point three weeks from now, were nod adding cases well have confidence for those types of acquisitions to occur. Deirdre barry, since you said the virus is the economy, the virus is the economy, are those three metrics youre waiting for as well, that is to say the plateau number on number of new cases and hopefully a decrease in mortality . Youre essentially saying when investors have that, that is when they can commit new capital, is that your point . Yes. But not only investors but businesses themselves. Businesses are, here i live in northeast orlando. Everything is just shut down except the essentials. That most definitely will have to change. I have to address them. Companies like, people like Warren Buffett are frothing at the mouth right now at some of these valuations and im surprised we havent even heard anything yet own cruise lines were basically priced for bankruptcy, which i do not think is going to happen. I think they will be taken care of. Deirdre are there stocks that you like . I will put you both on the spot. Gary you talked about cruise lines perhaps mispriced, beaten up if im reading between the lines but are there any other areas or companies that you like right now . Im a technology guy. That is where all the growth is. When all is said and done, stocks that i offloaded a few weeks ago like microsoft and adobe, these are companies with great earnings and revenue growth, as ray said, a ton of cash i will be all over them when i think this is really over. There is a bunch much others. Companies out there were growing businesses 50, 100 a year in technology, also in health care. It is just a matter of time. Once we get passed this, i think they will be off to the races. Ray, is that what you like, big tech . I agree. I like teledoc on the health side. Gilead is great one. On tech side, amazon will win. Basically crushing all retailers right now. You will note get off, that is almost a near monopoly at this moment. Were seeing great stuff happening with the, people trying to get to hyper converged infrastructure. Seeing stuff in service now that is good. Zoom annette flicks have great ways. Deirdre i like netflix. You like them more than example, disney which has of course disney plus or apple tv plus. Apple has so many other products, difficult to separate the streaming part out . Apple, once those metrics come in, apple definitely a value stock at this moment. Valuations are historic lows. Disney plus, disney has has a good job. Contain things in the theme parks. With the new Management Team in place they definitely handled crisis in very good way. Deirdre ray, gary, thanks both for your thoughts. Glad to have them. Good luck out there. Stocks seeing while swings higher today. Charles payne will be with us in ten minutes. You do not want to miss his analysis of the market, what should be doing with your money. New york city has seen a big spike in coronavirus cases since monday. Enormous pressure, no other way to say it is being put on hospitals and health care workers. Honestly they are heroes. One Plastic Surgeon trying to do his part. He has made an amazing effort. He will be with us to share his story next. Of careful construction. Infinite what ifs . And contingency plans. Creating funds that help target gaps in client portfolios. Tap untapped potential. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. For a prospectus containing this information. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Once weekly trulicity is for type 2 diabetes. Its not insulin. It starts acting from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease or multiple risk factors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. 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. Some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Deirdre coronavirus cases are skyrocketing in new york city. One Upper West Side Plastic Surgeon is offering a helping hand. He is turning his operating room into an emergency room off load during this crisis. So his idea is that e. R. Es are feeling the strain. He wants to support them. Dr. Kevin turani is here from aristocrat plastic surgery. First of all thank you as a new yorker to have you be here and have you helping the system is really courageous on your part. I have to say i know a lot of doctors with specialties who basically just left town. So made you, first of all decide to stay and then decide to quite frankly be this helpful . Thank you, deirdre. I think as Health Care Providers we have an obligation to help patients what when they are needed not abandonment but i feel a part to help patients in need. I feel an obligation to help patients. I want to be able to uphold that health. Deirdre are you worried about your own health though . By all accounts this virus is so contagious . So how are you protecting yourself, i assume the team is still with you in your office . We do a few things. First, Plastic Surgeons other or surgeons in general were used to sterile technique. Sterile technique is what i have in my office and Surgery Centers as well as rest of the staff, are told all the time regardless whether or not covid19 is already around. Well always use that standard and take it to the next level to protect ourselves and of course other patients coming in. Deirdre so do you anticipate then having the kind of patient who has already been treated at a hospital, who is well enough, lets just say in the worstcase scenario, almost quite the worse, to leave, for example a ventilator but needs on place to recoup . Is that the part of the chain you want to serve . I initially i would like to be able to take care of the patients that are symptomfree, not necessarily covid positive or negative but at the same time symptomfree, that we can provide noncovid Emergency Care for. Lacerations that would be infections, that would be anything in the form of a surgical, which is what i can do for those patients to be able to do that. So that is one opportunity. The other opportunity is providing some of the supplies that were not using in terms of machines our supplies, our monitors not being used in terms of being overwhelmed, providing that, making available to hospitals. Deirdre doctor tehrani, do you have testing kits . This is something difficult for i know tons of people who would love to be tested and if their symptoms, theyre told if their symptoms are not just bad enough, they cant be, is that what youre finding as a provider . Absolutely. Applied very early on to get testing kits. We dont have them. Theyre allowing only hospitals to have them right now. Even if somebody wanted we cannot do the test. Even if we have them unless the hospital is having it done inpatient. These are for inpatient use testing only at this time. This is not about testing, but about symptom or symptomfree, but keeping those patients as deirdre optimum health . As possible and treat their noncovid emergencies and lacerations, things in line with that. Deirdre that sounds amazing. Youre taking care of everything so that those people dont go to regular doctors or hospitals or have added burden theyre dealing with . Or urgent care. The other people are going to urgent care, theyre sitting with other patients that could be symptomatic and exposing deirdre that is always a question, when youre a patient, do i go, get more sick or get something i wouldnt ordinarily have. Dr. Tehrani, thank you, thank you for the time and what youre doing. We appreciate it. Thank you. Speaking of medicine, india one of the Worlds Largest manufacturers of a malaria drug that is being touted as a possible coronavirus treatment. India says it will no longer export the drug after it fulfills the orders that are already out there. We are going to bring you right now to d. C. My colleague Edward Lawrence is there. Sew edward, what does this mean as far as people here in the u. S. Who eventually may want to try this treatment . Reporter deirdre, at the moment it Means Nothing because there isnt enough supply here in the United States but in the future it could be a little concerning. Now this is in response to the fda. They removed the ban on certain Drug Companies in india to import certain drugs into the United States. One of those drugs, hydroxychloroquine, that is the malaria drug were talking about that has showed on promising signs against the symptoms of the coronavirus. Now the response by india as you said was to ban the drug. Now this is the official notice of the ban. Now it doesnt just ban to the United States. It bans the drug exported around the globe. However there are some exceptions here for humanitarian relief. Still, reuters also saying hungary has done the same, banning exports. Senator John Barrasso from wyoming, a medical doctor, says this shows a strategic vulnerability. It does show the need for the United States to not be dependent on foreign sources for our medication. Things made in india, china, other places which we are dependent must in the future all be made in the United States. Reporter hydroxychloroquine is made in West Virginia by bayer domestically. Bayer says they are increasing the manufacturing of that drug, however if this does truly prove to be the magic pill, the demand may exceed their ability to manufacture. They will have to get it from somewhere else. Deirdre . Deirdre edward, thank you very much. Edward lawrence with us there from d. C. Markets are soaring, a nice change of pace, today, yesterday. Dow, s p 500 on track for their first backtoback gains since february 6th. Charles payne, the man himself coming up next. He will talk to you about some stocks that have been beaten down, that may be worth taking a look at. Were pack in a few moments. But when youre with fidelity, a partner who makes sure every step is clear, theres nothing to stop you from moving forward. A partner who makes sure every step is clear, 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. Our grandmothers did not have an equal right to vote. We do. Find their stories. Make them count. At ancestry. Deirdre stocks are higher again after the dow posted its biggest single day point gain ever. Making money, charles payne, the man himself, is with me. Charles, great to see you. Happy youre doing well. Happy your family is well, most important. Since youre here, lets talk about the markets. What are your thoughts on the resistance points on the dow . Here is the thing i really love about todays session. The dow was up over 700 points. Gave it all away, felt like typical buy the rumor, sell the news, right . Okay, the two trillion is out there. We knew it was coming. Now to go back in selloff mode. You mentioned earlier in the show where we had backtoback up days. To have another thousand point reversal to the downside, i dont know, the pattern to be throwing in the towel, hang on for dear life. The pattern has not happened, deirdre. The news out lombardi, italy, the death rate count for yesterday was the lowest since i think february 19th or 21st. It has been over just these kind of signs, not just for humanity, but of course for america because ultimately it will be how our arc goes, apex of our crisis in this country, when people can truly go to work en masse. I like the resolve of this market. I will say what is amazing about this week, that it has been the losers, if you will, the biggest losers in fact. Yesterday if you took the top 10 losers from the pullback, from the peak, the top 10 of those stocks who lost the most, on average they were up 18 each. The same thing is happening today. The cruise lines are up, the airlines are up, casinos that work out of china are up, so those are the things that will ultimately lead us higher but i do sense that a lot of individual investors feel like this could be early 2009 where they missed it before and they dont want to miss it this time. Deirdre well that makes sense. As far as just the groups and you named some of them, what about big tech for example . Those are the ones we really saw in the past 11year bull market, especially the past 3 1 2 years, they really led it higher, what do you think about them as a group . Big tech will do extraordinary still. Some companies with supply chain issues, people may be actually looking at apple which hasnt acted pretty great this week but Software Names are going to of course they do very well. They dont those supply chain issues and things sort of changing the way we live. Obviously videogame stocks have done well, videoconferencing stocks have done extraordinarily well. But it is also time to start looking beyond the crisis, deirdre. I think, i came into this year with a thesis, investment thesis, about household formation, a rebirth of the American Dream if you will and i got to say one of the things i will happen culturally out of this, people who were on the fence moving out of an apartment, particularly millenials, into singlefamily house, you know what . Lets get the home, a little bit of elbow room, a little bit of social distancing if you will. Those are names, while it feels early people should have them on a list. Here is what can happen. There will be a major snap back. We will waffle back and forth, you will look around wishing you bought some of the things long before we get the official all clear. Deirdre i know that you have done a ton of research because youve been kind enough to share some of this with about housing, even older millenials 38, 39, even without this virus, i remember you talk about their reasoning sometimes they are ready to move out, have a house, have kids by that point and we know rates are pretty low. If you look at the 30year mortgage you cant get a better rate especially if you have great credit. That has to help. That has to help and it does. Fourth quarter of last year we saw household ownership for 35 and under i think at the highest level, i dont want to get it wrong but i think since 2011, certainly since 2013. It has been creeping up and certainly getting better. That is an investment theme but i got to tell you, this week i had subscribers go long on disney, went long on Burlington Coat factory, adobe, Gary Kaltbaum mentioned adobe, uber eats is a grand slam. Theyre cutting deals with the other restaurants. How will we be once we come out of this . We probably will use uber eats a lot more. Well have some new social distancing habits. Those things are catching my attention. Overall though i just want to see this market sustain this. We know well go back and forth for on time but, you know, if youre trying to be precise about this, it will be very, very difficult. If you just realize at some point that well come out of this and, a lot of these stocks are so oversold, deirdre, i think for many people to be a generational opportunity. Deirdre because youre right, charles, obviously there is more volatility. Anytime we get, lets call it a tough news day, whether increase in cases or god forbid, an increase in mortality, that will be a hard day for investors. Gary kaltbaum just saying, the markets are the virus. Right now that is really the news flow, that investors are making decisions on. I hear what youre saying, fine, it is volatile. If youre buying for the long term, past is precedent, stocks will be higher 10 years from now than they are this second, fair to say. Real quick, china picked the bottom. A lot of folks will come on and say we have to retest the lows. I dont know well have a perfect doublebottom, all clear, automatic buy signal, particularly since weve gone down so much. Yesterdays session, the fourth best percentage gainer, top five were all around the great depression, here is the good news. Three of these occurred after bottom was put in july 3rd, 1932. The dow was 41. 22. We had three sessions after that were huge percentage gains. Keep an eye on the moves. Dont dismiss them out of hand. They are telling you a story. Deirdre charles, great to have you here on your own show. Miracles of technology. Charles payne with us there. Eyou later. The senate has a stimulus deal. Well tell you what it means for the house. Arkansas congressman french hill with me after the break. Automakers shifting gears literally to make ventilators, respirators to help states with critical shorages. Fox business looks how soon that medical equipment can be ready. bobby with your hearing, if you start having a little trouble, youre concerned that its going to cost you money. ben to this day, i only paid what i had to pay for the device. When i go back, everything is covered. Theres so much youre missing by not having hearing aids. vo well find you a hearing aid that fits your lifestyle and your budget at one of our 1,500 locations. Call 1800miracle to start your 30day riskfree trial and schedule your free hearing evaluation at your locally owned miracle ear today. Deirdre house lawmakers are going through that two trillion dollar stimulus package agreed to by the white house and the senate. A vote though not expected today. Arkansas republican congressman french hill with us now. Congressman, thank you so much for the time. Speaking of which what is the most likely timeline to get this bill moving . Thanks, deirdre. House republicans are meeting this afternoon by telephone and House Democrats are meeting this afternoon by telephone pouring over the details in the Senate Proposal so i suspect we could have a vote early tomorrow on the house bill if the senate acts tonight which i expect they will. Deirdre so what is the most important to you about this particular bill . Well, deirdre, thanks for having me, appreciate being with you and charles. The most important thing in this bill is liquidity, Business Interruption financing for our businesses to support their workers, their employees. That is the critical element. Weve done the Public Health money element, weve done the Family Support element. In this package i think the most important is try to keep our businesses up, operating and employing their important staff. Deirdre what made you support it . What specifically . Well, i was in business for 30 years before i was in congress and i know pressure of our Small Businesses and i talked to many of them here in arkansas. They need the liquidity financing to get through this next few weeks of this Public Health crisis and many of them just dont have the collateral to do that when they have no revenue in their business. So i think thats why it is critical. I think it helps families and helps businesses on main street. Deirdre so, congressman, how is your state handling the crisis . Well, deirdre, were a rural state and so we have about 280 cases this afternoon that have contracted covid19 and weve had two deaths in this state. So were coping with it. Weve had great leadership from our mayors and Governor Asa Hutchinson to coordinate our response. Like many across this country, were coping with it, at business, at home, had and our churches, our nonprofits. Deirdre have you found for the most part your constituents are willing to cooperate . It is difficult, very human to want to feel together, when you feel blue, sad, upset, so you feel like people are following directions . I do. I think our citizens have put their flags out on their houses. Theyre working together to help neighbors. Theyre packing food for the food bank. Theyre coordinating reading for kids. Theyre coming together. It is inspirational to see that. Our credit, not only elected leadership but every citizen and neighborhood doing their part to try to whip this virus, get back to work. That is what americans are made to do, that is what they want to do soon. Deirdre indeed. Congressman, thanks for the time. Be safe. We wish you and your state all the best. You bet. Deirdre breaking right now, Drugmaker Mylan announcing efforts to combat the coronavirus waving exclusive marketing of two drugs they say will insure wider availability for coronavirus patients should the drugs prove effective in treating the virus. Well keep you updated on that. A positive headline in the fight against the virus. Stocks are rallying. Well tell you what is moving up the most as we get to the final hour of trading. First, Young Children are at risk with the coronavirus. Well tell you what parents and caregivers should look for and when a child should be brought in for care coming up. If you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, are my bones strong . life is full of make or break moments. Thats why its so important to help reduce your risk of fracture with prolia®. Only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. Do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva. Serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. Tell your doctor about dental problems, as severe jaw bone problems may happen. Or new or unusual pain in your hip, groin or thigh, as unusual thigh bone fractures have occurred. Speak to your doctor before stopping, skipping or delaying prolia®, as spine and other bone fractures have occurred. Prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor how prolia® can help strengthen your bones. Thats it. Im calling kohler about their walkin bath. [ sigh ] not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Deirdre breaking news. United airlines continuing drastic flight cuts. So the airline is announcing moments ago cutting 52 of their domestic flights. Bringing overall reduction to 68 . Changes in schedules will be able to be viewed later this evening. When we focus on the coronavirus we often talk about the elderly and immunocompromised but children, Young Children are at risk too. In fact they have some symptoms that they can transfer to other people acting as unwitting carriers. Laura engles spoke to a doctor what parents should be looking for. She is with us from Nassau County in long island. Laura, what did you learn . Reporter hi, deirdre. The reality covid19 is being diagnosed in young patients more frequently now has really quickly changed the narrative of what parents, caregivers and young people should be thinking about. You cannot let your guard down at any point as far as social distancing and looking out for possible symptoms. The doctor out here on Nassau County was very helpful telling us that the report of children with positive cases in the u. S. Really ranged from 7monthold to teenagers who first appeared to have relatively simple cold and flulike symptoms like fever, cough and congestion which escalated quickly and required hospitalization. And, deirdre, weve been able confirm the nations youngest patient, an infant just three weeks old tested here on long island at winthrop hospital. The baby is recovering and that is good news there. Pediatric physicians says children exhibiting mild symptoms can be risk factors for other people in the home especially seniors. Keep a close eye on symptoms of young ones and call your pediatrician right away to deal with the next steps. They are going to guide you, tell you, if they are mild symptoms, that you can take care of them at home. That has been, fever control with the tylenol, if you can make sure theyre eating and drinking. Then you just stay home and it is going to recover. Reporter nyu winthrop has treated three children so far and expect to see more cases. Dr. Noor says, the good news children seem to recover more quickly and dont seem to get as sick as adults. Other pediatricians weighing in throughout the country, saying one of the reasons why children can be so susceptible, quite simply their respiratory symptoms are coming online and developing especially in babies. Finding out a threeweek old tested positive this week is certainly alarming. But the good news is the baby has been released. Deirdre. Deirdre thanks so much. That is nice to have good news. Thanks, laura. Stocks heading into the green in final hour of trading. Edward jones investment strategist, Nela Richardson with us and Mitch Roschelle is with us. What do you like in this market . I like the amount of monetary and fiscal stimulus weve seen. I know youre looking for a Stock Recommendation but this is a tide that will lift all boats in terms of helping stablize the economy and putting a floor to some of the recent volatility weve seen. Deirdre okay, so you feel like in general, even though were going to have more volatility, perhaps, perhaps, if i heard you correctly, the worst declines are in the past . Oh, i dont think the worst percentage declines are in the past. But it could, stocks could fall further and ill tell you why. We havent really seen hard data yet. We havent seen the hard Economic Data. Were expecting a sizable decline in the Second Quarter because of the social containment measures by, adopted by state and local municipalities to contain the virus. So thats whole wall street quantified and until we get those numbers out and we havent seen corporate revisions yet and Forward Guidance that totally encompasses the pandemic. Until we see those hard numbers we wont have an accurate assessment just how far stocks can fall. Deirdre okay, nela. What do you make of this, mitch, the idea that essentially the markets are being driven by coronavirus related news . What is interesting, deirdre, is were flying blind. My metaphor as air Traffic Controller trying to guide an airplane in heavy fog. That is really what is going on. As nela said, we dont have guidance, we dont have earnings. All the Economic Data we have so far is backward looking. Tomorrow it will start with the jobless claims number. The consensus estimates is 2. 5 million. Ive seen as high as 4 or five million. That will start the market beginning to digest actual data, figuring out what it means and people starting to put it into the models. The absence of guidance and corporate earnings really make it difficult to guide. I think the volatility will be here for a while. This is headline dependent market. We have a lot of headlines ahead of us. Deirdre mitch, when people ask you, i know they do, what do i do with my money right now, whats your answer . Listen if youre riskaverse person, certainly isnt the time time to dabbling into the market f youre a stock investor, you have liquidity, a lot of people are trying to put their toe in the water. Ive been saying a lot, now im remote, i dont get the question as often but in the green room or makeup chair, that is questions i get. People want to be opportunistic in this market but the fact of the matter is, you have to have the stomach for all of this volatility and i think volatility is going to be here for a while. Deirdre it sure will be. Nela, mitch, thank you, be well both of you. Glad to have you with us. You bet. Deirdre ford, gm, tesla shifting gears literally to make ventilators and respirators. How quickly will they be able to get them produced and to people who need them . Well tell you. Ginnings, challenges and opportunities. Ginnings, at Ameriprise Financial we cant predict what tomorrow will bring. But our comprehensive approach to Financial Planning can help make sure youre prepared for whats expected and even whats not. And that kind of Financial Confidence can help you sleep better at night. With the right Financial Advisor life can be brilliant. U. S. Automakers are extending their shutdown of Vehicle Production into april, but ford, gm, tesla shifting gears, they are creating ventilators and other muchneeded medical supplies, grady tremble with us from illinois. This is amazing. They are shifting what they are producing an obviously helping the country to fight this virus. That is exactly right, first and foremost what theyre making right now is ppe, personal protective equipment, not too dissimilar of the driving testing site, ford for example are making face shields using technology. They will be able to make 100,000 per week, they are also say they are making face max that will make 1 million of them per month. Another thing the hospitals desperately need is ventilators, General Motors has teamed up with the Company Called vend tech and ford has teamed up with General Electric with the company, Governor Andrew Cuomo is making it clear to those companies that his state needs ventilators now and he needs a lot of them. We need your help, we can demand your help or you can agree to help and we need you to step up and increase production. Even with that, there is a ramp up for a company to put together the supply chain, the workforce and get these up and running ford will help, General Motors will help, the problem is our timeline is so short. Reporter ford and General Motors have not said when those ventilators will be available or how many will be able to make, tesla taking immediate action in elon musk announcing he brought 1200 ventilators from china and given those to the state of california. He said if there is a shortage, tesla will shift gears as well and make ventilators. Thank you so much thank you. That does it for making money, the claman countdown starts now. I am Deidre Bolton and for liz claman, after the record rally, more green on the screen today, these two sessions 2. 2 trillion dollars in equity gates, s p 500 and the nasdaq up across the board and treasury yield negative for the first time. Markets rallying on the 2 trilliondollar coronavirus stimulus bill, we are waiting for a boat, we will take it to capitol hill and read the latest from there. Airlines are getting 25 million worth of the stimulus plan, liz claman is going to join us, tell you what they can do and not do with the money. We will have details into the sacrifices from ceos and other corporate le