Florida, as well as a handful of others. For senator Bernie Sanders, based upon my reporting, i can tell you two things. They are trying to develop some type of operation for a contested invention that has been in the works for several months, but two, to try to change the trajectory and dynamics of the race it what increasingly feels like a unified Democratic Party be fined behind joe biden. David many thanks to Kevin Cirilli reporting from washington. A lot of this market is about testing. Hhsust had alex a czar, the saying 75 thousand by the weekend. Now they say they will not get that out. Drew with an Infectious Disease like this, the key message we have in our arsenal is to try to stop this is to say identify people who are infected and stop them from spreading into other people i saying stay home or be in the hospital or whatever, depending on how sick they are. Ifyou cannot ask people you cannot test people, you cannot do that. We are seeing these afterthefact cases where somebody get so sick they end up in the hospital. While this person was in the community they affected their coworkers. You are basically always behind. Without why diagnostic testing to be able to surveilled this the way we do the flu and other diseases, you are perpetually several steps behind. David you Cover Health Care so carefully. What is between us and the why diagnostic testing. Is it money . Is it manufacturing . Drew all of those things are probably the answer. Private companies are now bringing this stuff online. The big issues is these tests have only been available in a select number of Public Health labs. That is not how people interact. When we have a severe case or an incident that you going do that diagnosis. What people have not been able to do but hopefully will be able to do is say i am feeling symptoms that seem to be this thing. Go to their doctor, get the test, and then get good medical advice where you can put the entire Health Care Workforce into the effort of trying to contain this disease for both people who may be only mildly ill but spreading it around, as well as people who are severe that you need to treat more carefully. David opec. We have Annmarie Hordern, normally in london, here with us in new york. A bid meeting a big meeting in new york and they are playing hardball with vladimir putin. Annmarie they are putting him in the corner and it is a risky bet. They did not come out with the communicate last week on the day opec met. Today they decided to say opec agreed to cut a Million Barrels a day. They say moscow needs to pick up the 500,000 barrels extra. Russia does not want to pot. They do not need to cut. Is a risky gamble. If russia wants to walk away, it will be interesting to see what the sallies would do. Vonnie does the million go away if the 500,000 does not get done . Annmarie that remains to be seen. The sallies are playing hardball. Are playings hardball. We could see a massive price collapse, which we know the saudis would not be happy with. David thanks to Annmarie Hordern reporting from new york. You can find more from the opec meeting on bloomberg commodities edge. They will talk to the ceo of chevron. Now lets get a check on how the markets are doing, if we want to know. Here is abigail doolittle. Abigail it has been bearish. Risk off. A new volatility regime where we are having moves up and down depending on the sentiment of the day. We have the major averages lower. The dow transport, which has been leading the way down to the beginning of the coronavirus outbreak because of course the airlines hit so hard. Just yesterday United Airlines think they will cut flights and put hiring on a phrase. The unknown around this coronavirus and what the impact will be on the Global Economy. Now the u. S. , we are just talking with drew armstrong about the lack of testing. Testing, we dohe not know what the true impact will be. David are we watching the Authorities Say we will fix it, and then on the other hand they are saying is worse and we thought, markets go down. That seems to be a backandforth between are they going to fix this or not. Abigail there is some sort of push pull between having a sense they will fix it and maybe they will not. Right now, if they are not testing people, it is impossible to fix. That uncertainty for companies, because all of the sudden if they get the tests out, and i do not know what the infection rate will be, if they get one million tests out, that could create concerns and to that point close movie theaters, schools. That is what investors are looking at. David it could be bad news but at least we would go. Abigail there is no bottom. We are seeing that with these down days. There is a huge bid for bonds. The Kbw Bank Index in particular in a bear market, confirmed to get much worse. It seems as though the volatility ins uncertainty youre talking about could extend further. The japanese yen is up sharply, up 4 , an incredible move for a currency. David thanks to abigail doolittle. Now we will turn to Mark Crumpton here with first word news. Mark massachusetts senator Elizabeth Warren is dropping out of the democratic president ial race. Bloomberg has learned warren told her staff this morning and plans to make a public announcement later today. Senator warrens path to the nomination has been narrowing since the first round of voting in iowa, where she placed third and subsequent contests in New Hampshire and nevada, she dropped down to fourth. In South Carolina she came in a distant fifth and on super tuesday she failed to win any states. 11 people in the United States have now died of coronavirus. Federal authorities are investigating a seattle area nursing home at the center of a virus outbreak. At least six of those who died lived in kirkland. Federal officials are sending inspections to decide along with experts from the center of disease console Disease Control and prevention to figure out what happened and whether the facility followed guidelines to prevent the spread of infection. Turkey is sending special forces to protect its border with greece. Ankara creek icials migrants pushing to repel thousands of people trying to breach the border. The European Union and its former member britain are far apart in trade talks after the first round of negotiations. Michel barnier says the main sticking points relate to the socalled level Playing Field judicial cooperation, governance, and fisheries. The teams are expected to meet every does go to three weeks, alternating between brussels and london. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. David . David thanks very much. Coming up, another one bids farewell, and it is now a two man raise between Bernie Sanders and joe biden. Will discuss the pathways for each. That is coming up on balance of power on Bloomberg Television and radio. David this is balance of power on blaber television and radio. I am david westin. It has been quite a week in the president ial race. Toth carolina gave a wind joe biden and the field narrowed wildly. Of theome our panel founder of conservative women for Better Future and former chairwoman of the massachusetts Republican Party. She comes to us from boston, and the Senior Vice President of the Public Affairs firm who joins us from washington. Mark, let me start with you. Elizabeth warren is out. Is is a two person race. What are the paths for Bernie Sanders and joe biden . Bidens winds on super tuesday were normas. We have not seen anything like that in a number were enormous. Acrossdouble digit wins the board. We saw increased turnout in virginia, record turnout, 60 to , you saw joe biden win by 30 . That is something people do not expect but you are seeing the party and voters consolidate around joe biden. Going into the next round of primary states, march 10 and march 17, he is in a good position with delegates. David house a look from the other side of the aisle. After iowa and New Hampshire it did not seem like there would be much voter turnout. Does it look more troubling for the republicans because there seems to be quite a bit of enthusiasm, getting a lot of voters on the democratic side. Jennifer i think the democrats are doing a great job of being able to excite voters. Here is the issue on the republican side. There is no primary, so there is no reason for the voters to turn out on that side. In massachusetts, 56 of our electorate are on enrolled voters. That means on primary day they get to choose to vote in the republican or democratic primary. So many people i know ended up voting in the democratic primary because they felt the stakes were so high. I do not think that necessarily translates to election day. David as we look at this two person race between joe biden and Bernie Sanders, has Bernie Sanders demonstrated any ability to bring out more voters that would not be voting otherwise . He likes to appeal to the young based but it is not clear he is getting more young people voting this time then four years ago. Mark that is an important thing to think about. Senator sanders has talked about getting out the vote, about increasing the number of young people. So far we have not seen that. In states where you have seen an increase in turnout, it has largely gone to joe biden. It is happening across the board. You are also seeing joe biden able to create a governors coalition. You had him a diverse coalition. You had him winning 60 of africanamerican voters, you see support from suburban women who help repel the blue wave in 2018 for democrats, i think that is one of the things he will have to do moving forward and joe biden has already shown he can do that. David jennifer, i wonder what you think about the lay of the land. Coronavirus, it looks like it will keep going for at least does go to three months, has changed some of the political dynamic. The voters may be looking for something different. President trump was strong on the economy, on tax cuts come on growing the economy. Now people are worried about their safety and the economy itself, they waver a bit. Does that make a more difficult path for donald trump in november . Jennifer i do not think so. In politics, six months is an eternity. Coronavirus will not last past the summer, just like the flu ends, this will end at some point. There will be vaccines. The nicer weather will break this up. As long as the economy stay strong, the president remains in a good position. David i wonder if you agree with that . I did talk with larry summers, and he said if you look at the numbers, what happens in the second quarter, particularly peoples disposable income, really influence their voting positions in november. There is a lag. Mark one of the things to think about is the message the Vice President is deploying in the primary. He is talking about growing the helping thoselso in the bital class that your seeing wages increase, that looking also at some of the actions he and obama took in order to steer the economy in the right direction following the economic crisis. That will continue to be an issue and i think putting forth plans the Vice President has come other candidates have as well. David i wonder how you think health care in the issue of Health Care Coverage will play in november. As the Supreme Court making it more complicated because they have actually taken the case where the administration is arguing against obamacare and they will not decide before the election, but the arguments will happen before october. Doesnt that make it more tricky from a political point of view . Jennifer i dont think so. At the end americans know that if they can put a roof over their families heads and they have a job they can go to every day, that is the most important election factor. I do not think anyone is looking at anything else. Bernie sanders and elizabeth warrant made such a big deal over health care and wears a lib Elizabeth Warren today and where is Elizabeth Warren today . She is not in the race. Bernie sanders is only appealing to young voters. We know young voters have not come out in elections. It is mostly old voters and suburban white women. If youre not appealing to them, these other issues will not make a difference. David i wonder what your responses to that. We certainly hope that by the summer the coronavirus will not be that big of an issue and we will go back to the question of mi better off . Does it doesnt President Trump still have the upper hand when you look at the numbers for the country . Mark that is an important question. The key will be understanding how to put forth policies that will continue economic growth. At the end of the day, there are number of things will be looking at. You mentioned health care. Donald trump and the Republican Party do not have an alternative. They want to go after the Affordable Care act, but they are not offering an alternative in terms of policy. They are also not articulated very well why health care is important, why it is a big issue. They have not addressed that. Until they do, that will be a big liability. David i wonder from your point of view, if i could speak to the republicans, if you had your choice in november, what issue would you like this election decided on . Jennifer at the end of the day this will be between joe biden and donald trump. The issue is going to be who do you trust more with what is going on in your home . What is going on with your family . What job do you have. Who do you feel secure when it comes to the economy . If the economy collapses, Everything Else goes with it. People that feel unstable. I think the economy is the number one issue. ,avid many thanks to jennifer founder of conservative women for a future, and mark, great to have you both with us. Up, the coronavirus rips the country. We speak with the huawei chief Security Officer. Ons is balance of power Bloomberg Television and radio. David the coronavirus is gripping the Global Economy and has brought an immediate shock to supply chains that threatens the future. One of the companies coming to terms with the challenge is chinese tech giant huawei. We welcome the chief Security Officer of Huawei Technologies coming to us from chicago. Thank you for joining us. Give us a sense of how many of huaweis operations are in exposed regions . Andy i am not sure how may people we have working there. In the short term we were able to sustain what we need from our supply chain and our facilities. As time goes on, there could be a greater impact on our ability to sustain production. David how much has come back from what initially happened . You have a sense of the percentage of capacity you are operating at in china . Andy we are at fairly high capacity. We have not shared what percent we are accurate we were able to function at a high level of operations. For the immediate future, things to look bright for us. Our primary concern is making sure our employees are safe. David what about that . You have employees that have been exposed to the coronavirus . You have cases youve had to deal with. Official report as we did not have any cases we are taking extreme measures internally and if identified Key Employees that can work from home done special measures in terms of multiple testing each time people enter a building. Cleaning public spaces every hour. Closing major cafeterias. Extending the shuttle buses so people do not have to ride public transportation. We are taking the kind of precautions where our employers are well aware of what they need to do. David the Chinese Government has done quite a bit to contain this. That has curtailed travel and curtailed a lot of opportunities with china. It understanding why they would do that because the safety of the people in the country. Is that interfered with your ability to get your Business Done in china . Is it difficult to move people and goods around the country . Andy it has not impacted our ability. We have many people working at home and we have discouraged , only essential travel is supposed to be conducted at this time. David that is at the supply level. What about the demand level . Is it curtailing people purchasing things huawei is manufacturing . Andy we have not seen any recent statistics in term of the impact of consumer purchases and company purchases. We Just Announced we have 91 5g contracts and are moving ahead with that. Much of an seen impact along those lines yet. David what about the acts by the Chinese Government is to be like the economy from the central bank but also the government . Is that helping the situation in china . Do you have a read on that. Andy as for stimulus, whether it is the stimulus by the United States or china, i do not know how much that im