The dow down 879. Combine with more than a thousand point loss of yesterday, it is drop of over 1900, this steepest two day drop of dow has seen in history. This is significant, also remember, dow less than 500 points from correction territory that is down about 10 from the highs, we saw a big flight to safety today, continued one, which is also a red flag, yield on 1 10year note a little bit higher than 1. 3 , also hitting record lows, now latest coronavirus numbers is what is spooking the market. In china more than 77,000 cases, in italy 322 in iran 95. And that spread outside that took investors off guard. This selling all on the back of more concerns that you could see the spread come to the United States today cdc warning it is not a matter of if, but when the virus hits the states, and how many people will contract a severe illness. You had hhs secretary weighing in on that. There is now Community Transmission in a number of countries including outside of asia. That is concerning, community is spread will make successful containment at our borders harder and harder. Reporter there is concern here. Larry kudlow, made comments a little bit earlier today to speak to what is happening in market, he said our economy is in good shape, the virus is not lasting forever weve contained it and longterm investors should look at this market, taking a good hard look on whether they want to add to their position or not. David thank you very much. Jackie telling us, kudlow saying that virus and its impact will not last forever, but the market, how much worse do they get before they get better . I think there are a number of facts on that we should are considering. As numbers roll out with coronavirus. It will continue to spook the market, in general the market had gotten very ahead of itself and people were looking for an opportunity and a pullback. This kind of gave people an excuse. And people are not talking about as much that Bernie Sanders making more headway on political front. It looks like he is the nominee, that is strengthens that wares in the mark weighs diswo inte market, i see a lot of volatility, i would not be jumping back in right now, but i would be making a shopping list. I think there will be opportunities. David ad adam. As donald trump is is not a stock market prognosticate or, larry cuddly is not a viral or epidemiologist. No even the best expert has no idea how long it will last, that is what investors know for sure. They tee dont know much. Economy proved to be an interconnected hole, you cannot separate out china or the rest of the world. Looking at selling today, cruise lines demolished. And oil stocks, many at multi year lows this is a harbinger of a weaker economy at large. Dont catch a falling knife, for me this market is still a falling knife. David we had viruses before, with sars a dozen years ago. As bad as they get market recovers, usually in 6 months market is back too where it was from where it dropped. We know past performance is no guarantee for future success. But we look past in past regarding these issues in terms of sars and other diseases, it did not go beyond two quarters, that is what we should look at, yes there will be supply Chain Disruption, com communication, n information glo flow is very critical atthispoint. They need to communicate in terms of timely. How they are impacted we should create a buy list, like chery caroll pointed. Not everything they say will lead to confidence. I think our leaders are doing a good job of communicating, apple for example, amazon saying they dont look good. Not some supply Chain Disruption this is potential massive it isy Chain Disruption. Looking at names, a name that i own facebook, if it spirals out of control, that is all people will be able to do sit at home with facebook. David then there is disney with news that bob iger is stepping down as ceo, still very involved, but how does that affect this stock. . Longterm this is a big issue. I am president of the bob iger fan club in terms of him being a visionary ceo, he has done a tremendous job in setting this company up for success, they have been planning this for some time, he it reup his contract, surprising he will step away. I think in shortterm disney is fine. But if you are a 5 or 10 year investor, likelihood next ceo will have same level of vision of bob iger but, i agree you would say next 10 years for disney will be more difficult than last 10, this is a pretty big move, disney had 7 ceos in 100 plus years as public company. And you know, they brought their game with disney plus, are they going to be able coto coto compe withugh. Netflix. Adam what do you . The surprising part is, another than times, total surprise. Is they didnt name kevin mayor as a ceo, he is the guy who is overseeing the streaming effort and who most people i talk to assumed would be the next ceo, they statement chapek. A merchandise guy. Running the theme parks. Well get a lot of commentary on that. That surprised me. I dont see walt disney going way of ge, i see them as investing in to streaming, they are a step ahead, i think that ceo under the tight of iger will do a good job. David caroll is hoping so, she bens our ears about bob iger. Well bring you any developments as we gets them on virus and anything else happening realtime, president sparring with top democrat over timing and amount of money that administration requested from congress to combat coronavirus at home, is it really too little too late, senator steve daines sits on Senate Appropriation and Health Committees and he will join us next to tell us. woman no matter what business you are in, Digital Transformation never stops. Verizon keeps business ready for whats next. man we weave security into their business. second man virtualize their operations. third man and could even build ai into their customer experiences. We also keep them ready for the next big opportunity. Like 5g. woman where machines could talk to each other and expertise could go anywhere. woman when it comes to Digital Transformation, verizon keeps business ready. whistling my hands are everything to me. But i was diagnosed with dupuytrens contracture. And it got to the point where things i took for granted got tougher to do. Thought surgery was my only option. Turns out i was wrong. So when a hand specialist told me about nonsurgical treatments, it was a total game changer. Like you, my hands have a lot more to do. Learn more at factsonhand. Com today. David Trump Administration sending an emergency request to congress for 2. 5 billion to help fight coronavirus, but democrats bash him over his response. Chuck schumer said today. Even now after the virus has already become a Worldwide Health crisis with rapidly growing economic risk. The Trump Administration is scrambling to respond. We have a crisis, and Trump Administration is trying to build an airplane while already in mid flight. The fact is, Trump Administration has shown dangerous incompetence with the coronavirus. David president firing back with a tweet, crying Chuck Schumer is complaining for publicity purposes only, i should be askeshould be asking , if i ask for more, it will be too much. Lets bridge in a member of Senate Health care subcommittee. To talk about this senator, daines with us. Senatorsume. Senator schumer was vecking his own political bias into his comments, even senator shelby suggesting were low balls in aim of money. President , has been aggressive in addressing with what is going on in china. The end of january, shutting down travel between china and u. S. 2 1 2 billion is a substantial down payment, we will do what we need to do to ensure this is contained, a lot will be invested in vaccine, we have 3 months to get it developed and a year of field trial. That is where a lot of investment will be in, is protecting us with vaccine. And containment. And president and his administration have been aggressive in working containment descrea strategy wi, it has spread on korea and iran and i heard austria and switzerland, it comes back to basics, if you have a fever and the sniffles stay home, dont go to work. The basics we were tough taut a. You say that the vaccine might take unto a year, we want this done in this quarter no later than june. You know im hearing metrics terms how widespread and death. I am not hearing other patient metrics with individual that are contracted disease, how quickly do they get back to normal and other patient information that might quell some of the fears. That is part of the problem, you have fever and sniffles you dont know what you have, important to get to Health Care Professional immediately and diagnosed. I think it is important to keep it in perspective, i spent a lot of time in china in the 90s, we lived close to the market ground zero there with the sars outbreak. That went from bats to humans, and in wuhan, from bats to a pangolin. This important to look at chinese government, it has been the petri dish where a lot of the viruses have started. But these have all run their course, this is not first time weve seen these serious outbreaks, we saw it with sars, and now coronavirus. I tell you 2 1 2 billion is an important down payment it will take time to get genetics down right in terms the vaccine and field trial to make sure it is safe before administers across the country. Senator, caroll roth, sars and mrsa and ebola. How does response to coronavirus resemble that others dealing with them. I have watched this with sars outbreak. We do have i say government aggressively worked to contain it, the challenge now, were not always getting perhaps transparency and accuracy from what is happening in china, the big challenge we face are the numbers even accurate, are they under stating when is happening there now in iran and south korea. And you should not travel there. We have to keep a close eye oni dont want to minimize what is happening, but this is not first time weve seen Something Like this happening and run its course. The administration is doing a down payment that will work on containment side, that is protective gear. And personally working on vaccine. Melissa a lot of money but president obama had an ebola czar, and president clinton and bush had aids czars, should President Trump appoint a coronavirus czar. I first liked the idea of more federal czars. A lot of money to manage. It important, i think i applaud this administration as being selective and targeted. I have confidence here, good fiscal conservatives, president has his various agencies that run the organizations, the money needs to be spent wisely, but important that congress because act and give the president what they believe he needs here. David i was never crazy about the czar thing. Im not. David im with you. Im an anticzar guy. David you have a busy day still, senator daines thank you. Thank you. David last week mike bloomberg, this week Bernie Sanders, he will be the target on the debate stage, can bernies socialist agenda survive scrutiny of candidates who are anxious to get in as he locks on the nominee and wait until you hear bernies new comments on fidel castro andro china, next. And realtime goal tracking online. Ameriprise financial patients that i see about dry mouth. They feel that they have to drink a lot of water. Medications seem to be the number one cause for dry mouth. I like to recommend biotene. It replenishes the moisture in your mouth. Biotene definitely works. [heartbeat] what about here . Here . Here . Daddy, is that where were from . Well, actually. Were from a lot of places. You see were from here and there and here. Turn questions youve always had into stories you cant wait to share; with ancestry. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. David were hours away from tonights high stakes democrat debate in south carolina. This is make or break for many, candidates. Can we expect sparks to flying peter doocy is in charleston. Reporter because of polling changes. Which their is first debate that Bernie Sanders will be by himself center stage. Bloomberg people are signaling they are getting ready to turn heat way up. Bernie has this loopy stuff in his background, women get cancer from having too many orgasms and toddlers should run around naked and touch each other as je genesis. And high believes that castro was not that bad, and he hints if he gets a nomination his running mate will not be what he calls a old white guy. But joe biden still leader here. I am joe biden, i am a democratic candidate to u. S. Senate, look me over, if you like me see vote. Reporter not a candidate for the United States senate, he is running for president , but i spoke with someone from campaign said, he misspoke. No big announcement there. He has done a lot of that, thank you peter. Bloomberg was a target last week, Bernie Sanders is going to be target in tonights debate. Now, he is giving his rivals more ammunition with latest comment on castro and now chinese dictators. Fedele castro came to power, he initiated a major literacy program, teaching people to read and write is a good thing. I have been consistent and critical of all authoritarian regimes in the world, china is, becoming more and more. But can anyone deny, the facts are clear, that they have taken more people out of extreme poverty than any country in history. To be clear, chinese communism killed between 40 and 50 million people, including a unnecessary famine in the 50s, not until they allowed for private farms and companies in 1980s that many were brought out of poverty, will this record be brought had his attendtion tonight. No, how many people did castros kill in cuba. For todays Democratic Party socialism is not a dirty word, they educated some people that makes it okay. This state of todays democrats, bloomberg, boasted about building a business, you heard crickets nobody cares, bernie is most consistent and his support is from young people they have been taught to respect and admire people like Bernie Sanders, collect vists from day one, that is why he is leading party, they have gone that far left. Let me agree partly and disagree with jonathan. I, agree that it does not matter, you sort of purposely got china part wrong, he said same thing that multinational corporations and globalists say, in the past 40 years, not period you talk about. And chinese brought more people out of poverty. David he did not say that. True, does not matter, in eitheneither does cuba nonsensee Democratic Party is not socialist. Who is their candidate . Adam. I love you, i cant let that pass. You mentioned me. The fact is that he did not mutt iputit in time frame he broad he said china brought millions off of poverty killed, Chinese Communist government killed tens of millions. Hold you david, a very fair point, im saying we know he was referring to the last 40 years. David i dont know that. Adam, ad adam, even if was lt 40, the reason why they were lifted out of propert poverty be they moved more toward free market and capitalism, not socialism, at en of the day this is what needs to be called out iin debate. Whether government or public owning significant part of the economy whether praising pa ma o or castro, they need to say, do you still believe this, if not, when did you stop believing them and why were they wrong. David he has been pretty specific about all of programs that he wants we added up the programs. By the way, Manhattan Institute added them up, a price tag the there. 97. 5 trillion what it will cost over 10 years. American wealth in 18 the same, you would take every penny of every mor american household. That is what he wants to do that is his dream. David that is a transfer are property from private sector to government. If i were joe biden i would tell america on hold to your wallet, Bernie Sanders is about to pickpocket america. Biden, he should let everyone else attack bernie, and go after bloomberg. Why i . Bloomberg is trying to bump him out of that lane, he needs to set himself up with all these gaffes and blunders, set himself up as alternative to socialism and can carve out that moderate lane. The whole point. Democrat dont want an alternative to socialism. I disagree. I dont think you are right about that. They are strikin freaking ou. Nobody in Democratic Party wants Bernie Sanders. Because bloomberg is in the race because of Bernie Sanders, he does not want. David adam. If we become come back it china and exeub cuba stuff. For sanders supporters, it does not matter more than nonsense donald trump has been speaking. The nonsupporters that were concerned about. Agreed. I agree. David it would not matter what he said, his supporters are with him no matter what. Morgan stanley dean witter chase going green. Jpmorgan chase going green, will their critics be satisfied. A look at shares of disney down 2 after hours on news long time ceo bob iger, one of caroll a favorite person in universe is stepping down f