Here in mornings with maria. Harvey weinstein guilty, the disgraced movie mogul found guilty of Sexual Assault but acquitted of the most serious in the trial. Weinstein is new york City Hospital as hes suffering suffm high Blood Pressure. 2020 democrats back on debate stage tonight in South Carolina, the Economic Impact of 2020 as President Trump warns of stock market crash, quote, like never before if he loses the election and abcs hit show the bachelor maybe looking to cast the silver fox, how the reality show is giving Senior Citizens a new shot at love, mornings with maria begins right now. Maria of course, we are watching markets this morning with the stabilization, Harvey Weinstein ended up waking in hospital, after found guilty of sexual act and thirddegree rape. Weinstein now faces decades in prison in whats being described as a victory for me too movement. His attorneys will appeal. It is official into it is acquiring credit karma, tax filing planning heavy quitter between quickbooks, turbo tax, 100 million registered users, largest acquisition ever. Kobe bryants wife suing, paying emotional Memorial Service in los angeles yesterday. God knew they couldnt be on this earth without each other. He had to bring him home to have him together for the best team, we love and miss you boboo and gigi. We have a bit of a bounce yesterday after selloff yesterday, coronavirus triggered a sharp selloff with the dow plunging 1,000 plus points on the session leaving the dow at 27,960, the nasdaq and the s p also down about 3 and a half to 3 quarters percent. President trump speaking earlier in india about coronavirus. Essentially closed the borders to areas where we had to close them and we had very few, we took in 32 people over the last 2 days because they were sick and they are american, ive spoken to president xi and they are working very hard and if you know anything about him i think he will be in pretty good shape. Theyve had a rough patch and i think right now they have, it looks like they are getting it under control more and more, they are getting it more and more under control, so i think thats a problem thats going to go away but we lost almost a thousand points yesterday on the market and its something, things like that happen where you have it in your business all of the time, it had nothing to do with you, its an outside source. Maria joining joining the convn liz peek, fox business Dagen Mcdowell and andy puzder. Dagen worth pointing out that the dow is only down 5. 38 record close so we are not in correction territory. S p 500 is less than 5 , 4 and a quarter percent, i will note that Goldman Sachs reduced forecast for Economic Growth to 1. 2 due to coronavirus. Maria 1. 2. Dagen right, 2. 3 for the full year, the risk are skewed to the downside said goldman chiefs economic. 1. 3, almost 8 1. 377 but the 3 linchpins of this economy are very low Interest Rates with 30 or fixed rate, under 3 and a half , low oil and gasoline prices, oil lower on the fierce and then full employment, so that picture doesnt worsen, it actually improveses for the u. S. Consumer assuming that the world can get control of this virus. I think also what we have seen a worldwide response in terms of global banks basically coming out and saying we will fix this by lowering rate, rates are extremely low already as dagen said and the 10year is down to level as expectations grow that there might be a rate cut even. As we are speaking, its better than expected on both top and bottom line, company increasing dividend by 10 , andy, these are good numbers for home depot . They are good numbers but i think the market is reacting to the Trump Administration asking for 2. 5 billion to fight the virus, a billion to come up with a vaccine and youve got the world wade organization coming out and saying science may have something that lead to vaccine. I think that helps to calm the fears, worldwide you wonder what venezuela dependent on gas prices, how they are going to react to this, i think its going to have a negative impact across the world. Less in the United States, consumer may be okay. Dagen this is a jump ball, already the democrats politicizing this. Theyre indirectly trying to lay this this Virus Outbreak on President Trump. Maria unbelievable. Dagen jump ball. They claim he didnt ask for enough money, this is the same people screaming and yelling about deficit, 2. 5 billion. [laughter] maria all the criticism while the president is on foreign land. Lets not forget that. The president kicked off second day in and india. Earlier he held a round table with business leaders, the president to speak about the 2day diplomatic visit at 6 30 a. M. Eastern, we will take the press Conference Live when the president speaks, this is largely about getting india under the tent in terms of national security, teaming up with india against china in some ways because theres not a will of trade to be done and tariffs that india has in place that are among the biggest and highest tariffs of any other country, by the way. Most highly populated country in the world, what a market, its incredible what this president does out there negotiating with the various countries, how we really advance as American Interest far more than any president has in my lifetime. Maria you watch the Mainstream Media and they are just attacking him all of the time, i saw a clip of morning joe the other day and making fun of the taj mahal because that was one of the name of President Trumps hotels. The reality is india is our our most reasonable and likely ally as we confront an emerges and much more aggressive china, this is something that should have been high priority during obama years and it really was not because he didnt like towards the end of the time modi but theres a terrific alliance that we should be doing everything we can to foster. Maria its true, the first lady looks beautiful once again, a lot going on this morning. Classy woman. Maria very elegant. Markets this morning and stabilization going on and home depot earnings better than expected reports and then theres india, we are just Getting Started this morning, coming up President Trumps historic visit to india, we are standing by for News Conference later this hour and in about 20 minutes and then get them while they are hot, americas hottest cities that is for jobs, we are taking a look at most popular destinations this morning, plus a new way to praise, more americans leaving churches discovering new ways to worship, we are on that as well, quick break and markets looking for a rebound this morning after yesterdays sharp selloff and what you need to know, coronavirus fears this morning with the dow up 20 points, plus food why cosco would not let you into food courts anymore. Bachelor for seniors, all that right back. Stay with us. howling wind howling wind tto examine investmentgo opportunities firsthand, like innovations in agricultural research. 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Naturally superior sleep. howling wind howling wind maria welcome back, little bit of a bounce, the nasdaq up 12, the dow erasing all the gains for 2020 with that plunge of better than 1,000 points yesterday, it was 3 and a half percent finishing at 27,960, nasdaq and s p also down 3 and a half, 3 and a third percent with s p dropping 111 and nasdaq dropping 355, all of the above are bouncing this morning, quarantines in China Reducing chinese manufacturing exports and consumption since start of the year thats dampening global growth, it is cutting into earnings, joining us now national securitys corporation chief Market Strategist art hogan. Good to see you. Good to see you. Maria to get a sense of what its going to do but how do you position yourself even though its an unknown . 100 , the part that was unknown it felt last week that things were Getting Better, the increase of number cases in china, the order of magnitude of increase and decrease, the problem is over the weekend, half of the cases that were announced were outside of china, this opens up a new geography, we dont know if thats going to spread or be contained as quickly as we think it can. One of the god news is we are Getting Better at this in terms of finding out the news, theres a company in boston that was able to come up with a vaccine thats ready for human testing, the genetic code and the response is important and markets had really looked at this and saying, hey, if china is quickly reacting to this, if the World Organization is helping here and acting as quickly as we can, this can take contain, the mirror was shadowed over the weekend when it hit places like South Carolina, really important, italy the center of the European Manufacturing zone and all those things but i think we are in a place where this market should have had the reaction weeks ago and now you maria what im most worried about and i dont think people are talking enough, the healthcare piece of it, the fact that 70 of generic drugs, Prescription Drugs come from either china or india, yes, of course, i expect that we will get with thele necks and you will get supply chain disruption, but when youre talking about drug that is will affect peoples lives, do people understand how much drugs come from china . And how long we have been outsourced there and something that happened in the province where this started. The outsourcing for economic reason happened 10 years ago, now we are waking up to the fact that its concentrated concentre place, how the u. S. China trade negotiation process has gotten and companies are starting to move out. Thats part of the big Story Companies of all different kind are diversifying supply chains, nothing is god about the coronavirus but between trade dispute and the virus now companies are like really on the line, shareholders will demand diversifying, dont you think . The problem is you cant do that overnight, developing supply chains out of china, you cant immediate i will say, we can go to vietnam or we can go to mexico, when you think of specialty apparel, two largest thing that we source in china and the ability to get those things on shelves is going to be the Second Derivative of what slows down the u. S. Dagen its not the end product that you have to worry about, the American Chamber of commerce in vietnam, half of the manufacturers in vietnam were struggling to source supplies, the United Auto Worker Union announced theyll be problem, the components coming out of china. China will react vigorously to keep the supply chains in china, youre seeing reaction one, once the ploy chains leave, theyre gone, once you move, youre not going to do. China will do everything it can to keep things maria some people are saying no growth whatsoever, contraction in china for the First Quarter that will hit the u. S. , Federal Reserve cut 3 times last year, some are speculating maybe they do it again even though they are clear that they are on hold this year, does that change . It certainly changed and to your point it changes if, in fact, we see clear signals in our economy that this is trickling into our Economic Growth, so i think you brought up a very good point, is it the demand side of the issue that theres issues, the consumer demand is still going to be there, the supply side of that, the demand doesnt get destroyed but delayed. Certain things like apple iphone, certain kind of demand that gets destroyed, travel and leisure, right now the fed is looking at this how much is transitory and how much of this is actually been destroyed and do we actually need to go, i would tell you the bar for the fed is much lower for them to cut rates than it is for them to raise rates. Dagen but part of the problem is in the overinflation of all of these Asset Classes particularly in fixed income but also in the stock market and i mean globally, is because of what the Central Banks have been doing to that point. They have been pumping reserve, literally every central bank and created asset bubbles in lowerquality bonds as one example. You saw big selloff yesterday. Again, the remedy to fix the problem is actually what is causing some of this this inflation of assets. Maria by the way, we talked about yields, the low on 10year dagen on where we are with rockbottom levels. Dagen 1. 361 , closed at 1. 377 and the low is 1. 325 and closing low 1. 364. Maria not getting any yield at all, might as well buy companies that are paying dividends with low Interest Rates. They are getting very crowded. Maria thank you so much, or the hogan joining us. Mike bloomberg setting sights on Bernie Sanders at tonights big debate, we will take a look next and then you can finally bet on a friends reunion . Joker is poker with a j, coincidence. Thats joeincidence with a c. Maria the beloved show comeback, back in a minute. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. [ fastpaced drumming ] welcome back, Michael Bloomberg plan to go take aim at Bernie Sanders tonight, the former new york city mayor camp apparently focused on research, speaking out against vermont senator, topping half a billion dollars, that is an average of 5. 5 million a day since hes actually entered the 2020 race, bloomberg facing sanders tonight at South Carolina debate even though the billionaire will not be on the ballot back with me again liz, dagen and andy, and you havent heard a lot of programs or proposals to keep Economic Growth going from the democratic side. Tenth debate tonight and the first nine we havent heard one candidate say here is how we will create jobs, and here how we will create competition for employees that causes wages to rise, they dont talk about that at all, if you look at last gallup poll, 84 of americans said the economy was the number one issue, the bottom 3, lgbt rights, Climate Change and wealth distribution, how do you win a presidency, how do you win an election when you cant even talk in a debate about the issues thats most important to americans which is the economy. Maria unbelievable. The saddest thing is they are trying to run down the economy, their entire message is how terrible the country, how miserable everybody is and yet another gallup, 90 of americans are content with personal life which indicate they are pretty content with their financial situation; its ridiculous and flying into the headwind in trump economy and difficult thing, its astounding, andy is totally right, not once has any candidate talked about growth and providing better wages, better incomes, et cetera. Maria they say the economy is horrible except when obama wants to take credit. The most interesting thing in the polling about 75 in the Fidelity Investments poll, the quinnipiac poll, and the gallup, 75 of americans think theyll be better off in a year than they are now, well, how do you beat a president who has 75 of the population saying they will be better off economically when you have candidates that come in and say they want to blow up the economy. Dagen thats on President Trump in a way because he can easily make this referendum on his behavior and temperament if hes not careful and thats what all of the democrats are hoping for because the economy is god enough, are they and are they wishing that theres going to be a recession because of the coronavirus, they have to be careful that they dont appear like that, but Mike Bloomberg needs to hes got hes got to do something tonight. Hes got to punch back because, again, hes to clever and he really goes after President Trump on twitter because we now all know that youre not writing any of that. Maria wow, wow. Dagen hes not in charge of any of that, i doubt. Maria take the current dagen its called inauthen