here is what is new at this hour. pure retaliation. andrew cuomo taking his fight over the global entry program to the white house. president trump sitting down with the new york governor after the administration blocked new yorkers from programs that allow travelers to skip long security lines. we will bring all the headlines from that meeting. cracking down on wall way. the justice department handing down a massive indictment against the telecom giant plus what is really going on in china with the coronavirus? we're going to speak to one doctor who just returned from the country. he is working with officials on the ground. he is now providing details of his experience to experts in d.c. he is known as the virus hunter. you don't want to miss that meanwhile fox business team coverage. edward lawrence is live in washington deirdre bolton is on the floor of the new york stock exchange. deirdre, start with you. reporter: what a crazy day here. at point i thought we would talk about another record for the s&p 500 and the nasdaq. not the case as we can see, red on the screens. the dow never really made it across into the green territory. there were lower losses, limited losses earlier in the session. you can see we closed much closer to where it was the low of the day. let me tell you what was movingmost on the dow, the laggards, ones that weighed on the average, cisco, dow, pfizer. the ones that limited some of these losses. walmart, proctor & gamble, american express. so that pattern pretty much went across the broader markets as well. the groups limiting overall losses were real estate, consumer staples. the worst energy. when we look at oil prices even year-to-date down something like 15% with the story. the story on oversupply. overall volatility, traders talking about the threat and spread of the coronavirus and how it is beginning to have longer term effects on a lot of different industries. obviously consume every electronics, travel, gaming. mobile world conference canceled in spain, not even in asia. the organizers said it is impossible to put on. we're following amazon and microsoft in context for the amazon suit. the judge at least awarding call it a temporary block, if you like of microsoft contract with the pentagon worth pen billion dollars. amazon said the evaluation process had quote, unmistakable virus. melissa: deirdre, thank you. connell: talking about two stories related to china making headlines around the globe. the deadly coronavirus outbreak could be worse than the chinese government is letting on. edward lawrence with more on that this afternoon. reporter: deirdre touched on it. the cases exploded the last 24 hours or so take a look, 60,000 cases worldwide of the coronavirus now. johns hopkins see all the red on the map. 1400 people about have died in china from this. administration sources working on the coronavirus say they believe china has underestimated the number of cases by at least 100,000. also sources say they severely underreported the deaths. sources told me china has not allowed the cdc or the world health organization to the actual site where this started. scientists want to get there. it is important to see exactly how it began and how it spread to be equipped for the next virus. the white house says the efforts were successful in the u.s. to make sure so here. >> the virus is contained in the united states. we don't know if it's contained in china. we thought they were tailing off in their headcount. turns out that might not be the case. so, we are engaging in china of the president is engaging with president xi. we have a very good trade deal with them so forth. but on this particular matter we are quite disappointed in china's response. reporter: bottom line minimal impact to the u.s. economy right now even though we've seen 15th case here in texas. the concern that the stuff we buy coming in from china with their factories now starting to reopen might have a supply impact but as far as the virus itself administration sources saying it attacks the upper and lower respiratory systems. they're concerned it is potentially could be worse than sars. >> we need to know more about the virus. it has asymmetricom tank on. you don't have any symptoms so you could be still contagious. that is problematic that people can still be around. we shouldn't be on panic but a situation of alert. reporter: including huawei on that front, new indictments of the chief financial officer of huawei coming out of canada there. she is in the process being extradited back to the united states. three new charges here related to selling tech to iran. also concealing shipments to north korea. doing so, they took the logos of huawei off the boxes as well as the equipment going into north korea. back to you. connell: number of china-related stories. edward lawrence in d.c. to our panel. gary b. smith joins us. fox news contributor and erin gibbs from gibbs wealth management where she is chief investment officer. on the coronavirus fears so to speak, gary, how do you work that in. it is tough to get a handle from the government's point of view what is happening. what about from an investor's point of view? >> there are two sides of the coin. one i keep coming back to the number of deaths that we have just from regular influenza every year. we have on average 10,000 people that die in the u.s. alone per year on regular flu. probably, 50, 60,000 worldwide. when you hear the numbers, look no one likes to hear any death but what was sars, 800? now we're at on the coronavirus like 12, 1500? so it is really not significant so far obviously. the other, but, on the viruses,, merz, anyone, sars, we've seen the market is always gone down from the first reported case to, basically cured. connell: right. >> right now the market is still up. i would expect more downside. connell: to gary's point, the market hung in there, erin. we've had a few days like this. for the most we've been moving up throughout the out take. what is your take? >> we know there are major areas, emergency materials, travel, high-end retail. those are the areas where you're seeing a hit. another thing most likely it will end up being pent-up demand. we're seeing a slowdown in production and then maybe three, let's hope three, but possibly six, nine month. it all comes back. a matter of picking areas cheap right now getting hit. figuring out at what point is that demand going to come back? that is a real game. there is such little transparency coming out of china. melissa: golden state exodus. california blue wave causing a majority of the conservative residents to consider leaving the state with politics cited as the top reason. fox news's william la jeunesse is in los angeles with the details. william, you're not leaving, are you? >> no, i'm not. but i will say that california, people are considering it. california has 20% of all the delegates needed for the democratic primary of the state is growing wealthier, more liberal and more expensive. 52% are thinking about getting out and 71% as you said of conservatives many businesses already have this aircraft company you're looking at left l.a. for texas which adds 80,000 californians a year. that state scheduled to add three congressional seats, california losing one. >> we went back and total our employees we're thinking of moving the company to fort worth. 90% were onboard. >> if you're running a profitable company the number one reason to leave california is taxes. not only taxes on your business but taxes on your employees that are so high. reporter: ceo magazine calls california the worst state for business, quality of life for u.s. news. traffic, almost 700 companies have left the last two years yet the state is growing. thanks to immigration from abroad. it is a diverse economy. among the world's largest attracting more college grads than any other state. >> high-skilled people move here regardless. they can afford it. they want to live here. they want jobs. access to the companies, they are moving here and will continue. i will tell you this while that is successful economy. it is not a successful economy for all. reporter: the very rich and some retirees are leaving. the state is adding more residents making over 125 grand a year and losing those priced out of the market. the latest rcp poll showing sanders leading going into super tuesday march 3rd. melissa: william la jeunesse. thank you for that report. gary b. smith and erin gibbs are back. if you boil that down, liberal policies around the liberal governments in california are driving the divide between rich and poor. they're making it so expensive to be in the state due in part to high taxes. high gas taxes price of being there. they're driving out the middle class. all you have left according to the report are very rich people who don't care about how much they're going to pay and then really poor immigrants? >> it is the ultimate irony, isn't it. california the population overall william is saying was growing. here is the interesting part. more and more of that tax burden as you imply will fall on the rich people. it will become like connecticut if you will. at some point you wonder how much they can raise taxes, maybe for the billionaires and these hollywood stars that are making 50 million a year, doesn't matter. but you wonder for for the poor guy making a million dollars a year, he will finally be crushed and then have to move. melissa: absolutely. erin, what do you think? >> we see this in other states as well. california is unusual that they still have a positive flow. but most states that have liberal policies as well as high taxes are generally seeing outflows in some highest immigration out of the states. melissa: yeah. >> i think one those businesses leave, we see more and more businesses move away from california -- melissa: no middle class jobs. >> no middle class jobs. you will see a trend. melissa: very wealthy and then the service providers. thanks, guys. connell: we are going to the white house in a moment, see if they find any common ground. the governor of new york is there, andrew cuomo meeting with president trump over the administration decision to block new york state resident participating in travel programs. what comes out of this meeting? we are live with the latest. melissa: i bet they make a deal. connell: yeah. melissa: taking extra precaution. coronavirus fears spreading across the u.s. we'll talk to one doctor about his self-imposed quarantine after returning from china. he is known as the virus hunter. he has the latest on what's really going on the ground there. you don't want to miss it. that's coming up later. connell: sending shockwaves through the sports world, the astros players speaking out for the first time since that sign-stealing scandal broke. the public response is actually adding more fuel to the fire. details later in the hour. ♪. ♪ we 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[heartbeat] you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america. it's more than 10x faster than some other 5g networks. and it's rolling out in cities across the country so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in frigid omaha. almost 2 gigs here in los angeles. that's outrageous! it's like an eight-lane highway compared to a two-lane dirt road. ♪ some people say that's 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, that's what's real. what's your idea? i put it out there with a godaddy website. make the world you want. connell: in a new york minute governor the new york meeting president trump at white house of at after the a ever administration prevented new yorkers from he enrolling in the program that lets skip long security lines. hillary. reporter: the point of this meeting for government cuomo to get the ban on trusted travelers against new yorkers lifted without putting undocumented immigrants at risk. >> it is going to hurt tens of thousands of new yorkers who will be inconvenienced for no reason. no logical reason. just pure retaliation and i want, i want to know that i did everything i could to stop that. reporter: dhs says they need access to dmv records for national security reasons to keep borders and airports safe. dhs spokesperson said in a statement, quote the acting secretary is clear that cpb requires full access to the data fulfill the law enforcement and custom and trade and travel statutory responsibilities. where new york is once again sharing critical law enforcement data with cpb. the governor's office says banning new yorkers from the programs has huge impact on local economy. over 250,000 people have global entry passes in process or about to expire. this ban stalls the passes from going forward. it is not just airports this could impact but also travel across the new york and canada border. the governor's office says under the ban 30,000 drivers lose access to certain features part of the fast program. there are 6500 trips that use the fast program for faster screening and that could stall trips as well. connell: hillary vaughn from the white house. melissa: first of all governor healthcare.gov memo says this has nothing to do with anything, just pure retaliation. your thoughts? >> he doesn't understand the issue or he lying to his constituents. the travel program way it was formed you can't be part of the program with a conviction of dui or serious felony traffic offenses which you only find in a dmv database. he didn't do his home or he is lying because it is a part of the program. melissa: i heard this morning. we don't know what is going on inside the room. the deal cuomo was going to offer, give you access to the database on case-by-case basis but we won't give you unfettered access to dive into the database. is that reasonable in your mind? >> no, i don't think it is reasonable. governor cuomo needs to do what every other state in the union is doing. give law enforcement officers give access to the dmv database without putting constraints on it. 12 other states given driver licenses to illegal aliens. they give law enforcement and cbp access to the database. he is making it a political issue writing into the law that i.c.e. or cbp can't access into the database. melissa: this is the only state that federal officials are walled off from going into the database? >> new york state. melissa: how important with if somebody has drunk driving conviction? what does that have to do with the safety of traveler. >> i didn't come up with the program. the requirement you have to have clean criminal history. dui is public safety offense. over 10,000 people a year die from that. it is part of the program. you cannot have dui convictions. >> you're a criminal if you've done that. that is basically where the line is drawn. >> yes exactly. melissa: how will it resolve itself. he can't gave, the governor. he will look super wimpy. he has to claim a win somehow. what would be acceptable? >> i think first of all, to have access for criminal investigative purposes, not just for, not just for the trusted traveler program but i.c.e. as you know, half of i.c.e., they arrest criminals, u.s. citizens every day. they need access to the database because when i was an agent that is the number one place to get a picture of somebody you want to serve a warrant or kick in their door with a search warrant. this is the picture you use. every law enforcement age sent goes to the dmv database to get pictures and warrants. this is not just about trusted traveler program. i.c.e. needs access for criminal investigations. not having this access. not having full access, knowing the person, what he looks like, it is officer safety issue. i would think the governor would understand officer safety issues. melissa: it is so interesting. you say, you're taking a pictures of illegal immigrants and putting them in the system. you wonder, do you really volunteer to get your picture taken if you're here illegally? i wonder how many pictures are in the system? they encourage people here in new york. it is safe. come in, get an i.d. an interesting question. thank you for your insight. we appreciate it. >> thank you for having me, liz. connell: coming in "fox business alert." roku numbers about. stock is up 8% in after-hours trade. reported fourth quarter results. they were strong. beat on revenue. reported a smaller than expected loss. as well. and roku says its users are now streaming nearly 12 billion hours of content in a quarter. that is what they did last quarter. which sounds like a lot. roku saying it benefited -- melissa: is that just you, your 12 billion hours? connell: just one of those numbers they benefited from new services disney plus, apple plus. melissa: not feeling the burn. critics are worried over the idea that the possibility bernie sanders may end up being the democratic nominee. seems like a good possibility. mike bloomberg taking advantage of social media. how the billionaire is teaming up with influencers to promote his campaign. he is very hip. someone's campaign is. ♪. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! hi with the world'se first invisible trailer. invisible trailer? and it's not the trailer right next to us? this guy? you don't believe me? hop in. good lookin' pickup, i will say that. oh wow. silverado offers an optional technology package with up to 15 different views - including one enhanced view that makes your trailer appear invisible. wow. - that's pretty sweet. - that's cool. oooohh! that's awesome. where'd the trailer go? i love it. it's magic. melissa: enforcing international law. the navy announcing a u.s. warship seized a stockpile of iranian weapons heading to rebels in yemen. arming those rebels would be a direct violation of the u.n. security council. lucas tomlinson is at the pentagon with the details. lucas. reporter: this is the first time in over two months the u.s. navy intercepted iranian weapons bound for its proxy forces in yemen. this u.s. navy video show sailors from the cruiser normandy commandeering a boat carrying over 150 iranian tank missiles, first time surface-to-air missiles, drone parts and other advanced weapons in the arabian sea. they nabbed the iranian weapons on sunday of the images were released minutes before the u.s. senate voted to rein in president trump's ability to wage war in iran. a veto from the president is expected. earlier this week iran marked end for 40-day mourning period for its top commander, qassem soleimani. he was killed in the drone strike in baghdad. iran vowed regeneral including attacking jerusalem. a mortar landed in a base but there were no injuries. the same base where american interpreter was killed in september, leading to the assassination of soleimani. melissa: thank you, lucas. connell: some are not convinced senator is the front-runner for the primary and just about won the iowa caucus. the latest example from the tech industry. tom bevin "real clear politics" mr. to talk about it. there are a lot of examples. the stock market is a