Night. Look at the chaos in there coming up. All that and so much more on making money. Snow. Charles weve been whipsawing like crazy. Up as much as 400 points today. After the index dropped 6 in backtoback sessions. This by the way has happened eight times since 1993. Seven of those times the market was actually higher a month later. With ultralow rates coupled with a strong u. S. Economy, could a surge be in the making . I want to bring in to discuss, rosecliff capital mike murphy, kevin kelly and delance sy strategy chief strategist jared levy. Let me start with you, mike. You and i were talking before the show. You never know when to exactly buy these sort of dips, but, buying the dip has been a successful strategy for 10 years and where are people . Im getting more than half of people are asking me what should they be looking to buy . Yeah. I think buying the dip has been a successful strategy for 100 years i would say, charles. Charles good point. Quality names like disney. Shakeup at top there leading to more of a selloff. Disney 20 retracement in the last four to six weeks. That is a name were buying. Were looking at names like microsoft, looking at names like apple. Trying to fired quality trying to find a bottom, you know what they say with picking bottoms, not going to work with coronavirus but if you have a quality name buy it. Charles not pinpointing the exact bottom but owning great names at discount price from where they were a week ago . Absolutely. Disney on the last Earnings Report after they announced how many signed up for disney plus the stock ran from 140 to 153. Today you can buy it at 122. If you liked it at 140. Youre getting a discount buying it at 122. Charles to that point, kevin, 200 names reported already in the earnings season. For many of them the dynamics do change. We know that for a chance. We know which companies are executing. Still unknown of the coronavirus makes for interesting push and pull here. Yeah. I think you need to focus on names that are executing and dont have impact from the coronavirus. Look at out front media today. It is up 5 off of their earnings. Their revenues blew pass any of the estimates, even highest estimate. And is out front media . Theyre a billboard company. What is coming . 5g. So whats happening . Were putting antennas on the billboards to process that critical information. Listen, whether coronavirus happens or not in the United States, sprint, at t, verizon, tmobile will still buildout 5g networks and put antennas on billboard. Youre getting paid a 5 yield. There is great Investment Opportunities in front ever us all the time. That stock by the way is at a 52week high. There are names you can buy at 52 week highs not impacted by the coronavirus. Charles i want to say. That was a making money special. I highlighted that stock a month ago. I didnt look at it today. I did know they raised their yield. Jared, new homes came in at the best level in over like 15 years. The National RetailFederation Just came out saying well grow retail over 4 , almost 4 trillion. They say coronavirus and president ial elections are wild cards. You know, so again, one part of this were saying the economy of course has been doing extraordinarily well. Parts of it actually gaining momentum but the unknown, i mean just the headline about Nassau County in new york sent the market tumbling. We erased 400 points. We were down 500 off the top. Everythings that to be put in perspective. Number one, coronavirus right now is a quasisupply problem. In other words it is disrupting supplies in certain parts ever the world for Certain Industries right . Cars, hyundai not able to get some of their parts. Apple obviously feeling the strain partially. What we need to see, what i dont think, hope is going to happen, become as major demand problem. In other words, if it shifts demand globally, people say, im done with buying things i dont need because of coronavirus. Another thing to put in context is, it is not, listen, there are certainly horrible effects of the virus but when you compare it to Something Like the common flu we deal with every single year on a global level it is nowhere near as volatile, nowhere near as deadly. So im not trying to discount it but we need to put it into perspective of its real he affects. It is a wild card. Charles 8200 people died in america this flu season including pediatric influenza, is 05 children, most on record. Youre right, that doesnt move the market. Here is the thing, the coronavirus is an unknown, right . We know it is coming here. We dont know what is going to happen and it is interesting, a week ago i was thinking when china puts out much better news on the virus. Their news is pretty good but italy, south korea, and now spreading more and more. So, it is just something you have to deal with and but, how do you, how do you brace or should you brace for a worstcase scenario . I think that is hard to do, charles. I feel comfortable saying we will get past this at some point. Why i think the president scheduled a News Conference later today at 6 00 to get the facts out what the coronavirus is, what were looking at. This is bad so far. It could get worse. But long term, when you look at the portfolio for retirement. When you look toward end of this year, the coronavirus will not have major impact. Dont make decisions, or run out to buy the next hot cure for the coronavirus or sell something in the portfolio because it is down a few days. Look past this and make your Investment Decisions based on that. Charles to your point, kevin. Youre out in california. Gavin newsom declared a state of emergency. Everyone wants to be a cautious to a fault. The animal spirits, linchpin of everything we enjoyed from the stock market to everything else, how close could we be to maybe snuffing out that those animal spirits . Maybe people wont go out this weekend to the movies or to the mall or go shopping . I think those animal spirits are alive and well. You can see it in retail numbers especially on the ecommerce side. Women are not actually going out into the stores necessarily. What are they going to be doing . They will play videogames or buying things online and having them delivered to them. Were 70 Services Economy. The Services Economy is doing exceptionally well especially on the enterprise side and also the consumer side is still very strong. So i think it is important to note in this low Interest Rate environment you need to generate real returns. You can do that by investing in u. S. Stocks, that even pay above average yields. You can wait this out while the demand is still there and then the supply catches back up. So i think the most important thing is actually to buy Good Companies at good pieces you know and like. Prices. Charles thank you very much. Jared, well bring you back in real soon. Youre three of the best, i appreciate our conversation, i really do and im sure the audience does as well. Is the sentiment echoed on the Trading Floor . I want to go down there to get a feel what is going on with kristina partsinevelos. She is the at new york stock exchange. Kristine that what is thed into down there . Jittery. You mentioned 83 in Nassau County. Everybody is talking about it. Many people live not too far away. One trader described it to me as drip, drip, drip. Well constantly get little numbers, 20 people here, five people there and how they will be contained. It will cause roughly somewhat of a selloff what were seeing today, over 500 point swing across the markets with typical ones that often get sold off in pandemic, epidemic, whatever words you want to use at moment. That is the airlines and travel stocks. Look across the board. Several airlines said they will rerouting themselves from targeted regions. Delta will change flights there. Waiving fees if you bought a flight to south korea. Spirit and southwest, theyre more domestically focused getting hammered across the board. This has to do with larger International Corporations like nestle, for example, warning the staff they should refrain international travel, cut back on Domestic Travel until we get more details. Were talking about face masks. Earlier this morning i was asked about whether we see people with face masks. Im not seeing it just yet but seeing makers of face masks climb dramatically. Apt, alpha protect. It had a circuit halt because the stock climbed so high. Trading at 12. 40 cents. That is 23 higher today. Lakeland makes that. Another winner is pell ton and zoom. Pell ton the assumption from one analyst people will stay home. Peloton. That share the stock is up 6 . And zoom which is the telecommunication, like, i should say, skype, there you go, like skype for businesses. More people will stay at home and using that to get into conferences so the share price for zoom up 15 because perhaps more people will stay at home as we try to grapple with this virus and how to deal with it, and how to trade with it too. Charles i just want to say i think we have the the wrong symbol for that zoom. The zoom were talking about is zm. Right. We had the wrong one up on the screen. Just for the audience so they understand. The stock has been a juggernaut because everyone, a lot of people say well have to work from home, even here in this country. Great stuff, kristina. Really appreciate it. Thank you very much. Thank you. Charles folks we had one of our guests say theyre looking to buy disney which is now in the market and after a shocking shakeup. Bob iger making a shocking announcement he is stepping down as ceo effective immediately. Under igers tenure disney became media empire with purchases of marvel, pixar, fox entertainment. That is just a few. He will remain on as chairman through the next year. Bop chapek, he was the chairman of disney parks. He is now the ceo of entire company. Were watching the volatile markets throughout the hour including will the coronavirus force the Federal Reserves hand . Will they make a move . Next how Chuck Schumer and the democrats are trying to politicize the coronavirus, looking for any reason to hit President Trump but sometimes there is unnecessary collateral damage. Later in the hour, is Bernie Sanders just the logical outcome of president obama . As a struggling actor, i need all the breaks that i can get. At liberty butchumal cut. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Can you help keep these iguys protected online . . Easy, connect to the xfi gateway. What about internet speeds that keep up with my gaming . Lets hook you up with the Fastest Internet from xfinity. What about wireless data options for the family . Of course, you can customize and save. Can you save me from this conversation . That we cant do, but come in and see what we can do. Were here to make life simple. Easy. Awesome. Ask. Shop. Discover. At your local xfinity store today. Charles President Trump set to give america an update on the fight against the coronavirus tonight but, well, democrats are trying to politicize the outbreak, criticizing the Trump Administration instead of working together and President Trump, well, he is firing back on twitter saying, low ratings, fake news, msdnc and cnn are doing Everything Possible to make the coronavirus look as bad as possible including panicking markets. Likewise, incompetent do nothing democrat comrades are all talk, no action. Usa is in great shape. If we come together to fight the Global Health crisis, can we come together on anything . Really . For i would like to bring in independent womens forum policy director hadley heath manning. Yesterday, when senator schumer spoke, hadley, the way he spoke as if coronavirus was already in america and we were, in the throes of a worstcase scenario, that we were caught flatfooted, there was nothing we could do. I dont think it helped the stock market at all and i think more than anything else, im looking for Public Officials to sort of be strong now and, you know, give us some confidence rather than fanning these political flames. Right. And both sides are politicizing this virus and its shameful but not surprising, charles. Is there anything in that day and age people wont poe little size . Our leaders have a large mouthpiece and have the opportunity to criticize. It is much easier to criticize than to govern to make the right decisions and it is fair enough to hold the leaders accountable to say i think youre doing this wrong but where we really go south in the political discourse we ascribe bad motives to the political opposition. I dont think anyone in the country wants to see the economy suffer or Public Health crisis and no one is acting out a lack of concern for american lives and what is best for the public. That is where i think this conversation goes really badly. Charles yeah. I got to tell you though, i think there is some political folks out there who think the only way the democrats can win if something went wrong with this economy. Weve heard some people say it out lied like a bill maher, for instance. The glue really has been the animal spirits. Almost instantaneously within hours of President Trumps election, certain factors, certain numbers i look at, National Federation of independent businesses, the National Association of homebuilders, their confidence numbers went through the roof to numbers they hadnt been in decades. I think there is something wrong when we deliberately try to snuff that out for political points, even the white house. I agree with you, i think it is wrong to hope for any bad outcome and i think very few people do. I think those people are actually at the margins and not really the majority of americans. Certainly were all rooting for our own schools and Public Transportation to stay safe and sanitized, healthy. Were all rooting for the economy and our investments to grow but there are unfortunately some bad actors with large, megaphones that they can speak to. They may root for americas demise. I think the people are really outlyers. Charles i hope theyre outlyers. I dont like what im seeing in the last 24 hours from Congress Though from some very influential folks. Meanwhile, what do you think about the American People . I got to tell you, Morning Consult does almost a Daily Consumer Confidence update. Amazing how confident people are. Gallup shows 77 are confident in the way the government is handling it, cdc. Ranks higher than ebola, bird flu, swine flu. Weve never been this confident in the cdc. Do you think that holds . I think so. Im hopeful it will hold. It is a strong trend when it comes to individual consumers but small businesses, big businesses, people are enjoying the strong labor market. Things are looking on the bright side. Turning into warmer Spring Season ahead. With that i hope the economy continues to run warm, not too hot. Just right for people to see more prosperity. Charles i love talking to you, hadley, youre a lot less cynical than i am. Thanks, charles. Charles sue you soon. As see you soon. As black history morning closes im looking into something signed by abraham lincoln, it opened door for blacks to have vital banking relationships. And they found themselves in a magical land. And then what happened . Wheres our family from . Was he my age . So nana and pops eloped . And then what happened, daddy . Well, before us, there were your great, great, great grandparents. Turn questions youve always had into stories you cant wait to share; with ancestry. Charles next tuesday marks the 155th anniversary of the freedmens savings bank and trust, authorized by republicancontrolled congress, signed into existence by abraham lincoln. It allowed black war veterans and former slaves to establish banking relationships. Sadly the bank closed in 1874 after the onset of the panic of 1873 which was also known as the long depression as some financial historians say it lasted until 1896. During the brief existence the bank boasted 3offices in 1states, 70,000 depositors and 57 million in deposits. Unfortunately the depositors were left in the lurch when the bank failed. Even after Congress Approved a 62 cents on the dollar payment for lost savings, most of the depositors never received any of their money back. The panic took a toll on veterans which saw diverse sieve words, tramp and bum were used to describe the veterans in their plight but it was the failure of the freedmens bank had harsh impact on black con community continues today. The distrust in the Financial System which leaves many people underbanked. I will be in d. C. Next week to commemorate the freedmens bank and trust with a suck sesful list of luminaries. It is my hope we look back to the importance of banking back then and today as a route to economic independence. The market seeing wild swings all day long this after a market rally of 200, 400 points failing, triggering a massive route yesterday. We saw it all over the place. Now the big key, should we be looking for buying opportunities . But first it was a chaotic loud debate ahead of South Carolinas primary and well, bloomberg admitted to buying a democratic majority in the house. Well discuss when we come back. I think were talking about mr. Sanders, mr. Steyer. First of all,. Let me go. Tom, i think she was talking about my plan, no