Maria we want to get a check on Global Markets this morning. A lot of action, rally in europe as well as the u. S. Right now. Take a look at european indices, cac quarante up 72 and dax up 147 points. Euro zone purchasing managing index better than expected. The spread of the coronavirus is expected to cause weakness going forward. Remember, the outlook thats materially changing right now. We continue to see the numbers today pretty strong. In asian overnight markets are mostly higher. Take a look, the weak spot was hong kong. The others fractionally moving although korea was up 2 and a quarter percent. We do have more bad Economic News out of china. The service purchasing manager index slide to go record low overnight. February car sales plummeting 80 year over year. South korea announcing stimulus package to fight coronavirus. People are saying if he has to cut 50 basis points before meeting, what does he know that we dont know. Maybe its a lot worse that we thought, as a result the dow, nasdaq and s p 500 closing with nearly 3 decline off of the lows of the day. Dow industrials were down 786 points at 4 00 oclock on wall street. Meanwhile big rebound this morning and super showdown across the country. Results from 14 primaries pouring in overnight. Joe biden declared the winner in texas as part of clean sweep in the south. Biden claiming victory in 8 other streets including massachusetts Elizabeth Warrens home state, senator coming in third there. Bernie sanders picking up a big prize in california along with his home state of vermont, casey steigel live in dallas, good morning, to you, casey. Hey, nice to be on the program. Yeah, pretty big morning in the state of texas. Joe biden really the comeback kid considering the day before super tuesday we were reporting on a poll that had been released showing Bernie Sanders with doubledigit lead. Now, later that day, of course, we had senator Amy Klobuchar drop out and then later appear with joe biden here in dallas and endorse him as did former indiana mayor pete buttigieg. Looks like as if lastminute push, narrower field and, of course, those endorsements pushed him to a victory in texas. Look at the win. The numbers still sort of being tabulated. Not everyone fully reporting. Biden defeating sanders by nearly 4 . 34 to 30 roughly. Mike bloomberg walking away with 15 . Elizabeth warren with 12 with no delegates. Joe bidens lastminute Campaign Push as we were just talking about ahead of super tuesday very much paid off especially when you consider that about half of voters polled say that they made up their minds at the last minute. Either within the last few days or within the last few weeks which could have helped him. Here is part of bidens victory lap speech last night in california. Just a few days ago the press and pundits declared the campaign dead, and then came South Carolina and they have something to say about it. [cheers and applause] we were told when you got super tuesday it would be over, well, it may be over for the other guy. We need a movement and are developing a movement, a black, white, latino, native american, asian american, gay and straight. Sanders hitting on diversity there. Something that loot analysts could have let him to a victory in texas and california because a large subset of the electorate is, in fact, latino voters. It may have worked for sanders in california but joe biden, the victor in texas for super tuesday. Maria. Maria sure is, casey, thank you. Live and joining the conversation Hedge Fund Manager publisher with trading with cody. Cody is here. Kelly torrence is here this morning. Biden is back, i guess. Dagen biden is back and the polls were just dead wrong. I went to bed literally after they called virginia because going into super tuesday they had bernie in first place in an average of polls an Mike Bloomberg in second in the state of virginia. What joe biden did was replicate success in South Carolina as the wall street journal editorial page points out. He brought together a coalition of african americans, baby boomers, center left voters and virginias turnout was nearly doubled what it was in 2016, but joe biden wrapped up if they called maine for him, it would be 10 states and he literally. The list of states where Ybeth Bruzual would be poise today replicate tonights success is long. We are talking about florida, georgia, maryland, mississippi, louisiana, new jersey and connecticut and short according to dave at the cook political report, biden is currently on track for the nomination. Maria what do you think . I thought virginia as soon as i saw how bloomberg did in virginia, i knew this was beginning to be a bad night for Mike Bloomberg, god good night for joe biden. Joe biden spent 200,000. Maria wow, unbelievable. Bloomberg has to be in with 600 million already . Pretty incredible the money that he spent. Didnt get much results for money spent either. Maria as a wall street guy you want a return on your investment. Right, he spent 600 million bucks, you need more than 15 from the states. He got American Samoa, that says something about Tulsi Gabbard born in American Samoa. Dagen spent to nothing on tv, never visited, had no field offices there. This was organic support for continuing the Obama Presidency and Bernie Sanders, people dont want a revolution and then Elizabeth Warren, why she doesnt drop out today, i dont know. Maria we will see what happens with Elizabeth Warren and also Mike Bloomberg by the way, how much more money is he going to invest in this . Why are we talking money . We have a much more expanded segment on markets when we people with michael who is coming up from cornerstone macro, look at the market, cody, 2 and a half percent, the nasdaq up 170 and s p up 55 right now. Look, stocks rocked by the rare emergency move by the fed yesterday. It was supposed to calm markets over impact of the coronavirus. It did the exact opposite. 785 points s. This a reaction to that or what . This market for the last 2 or 3 weeks as the coronavirus has become what looks like a pandemic, the volatility and the dislocations on the daytoday basis where youre getting not just 2, 3, 4 swing, its 15 swings in stocks like apple. Youre moving 100 billion in value on a daytoday basis. Its more of that. Dagen its the Health Response to the virus and get factories restarted. Ive been saying this for literally a week and the swail street journal writes about it today. This cant fix it. I said it as soon as they cut rates yesterday, this looks pan enthusiasticky. Maria people are getting nervous. Both issues here and thats why youve got all hands on deck in terms of the Federal Reserve and the health ceos at the white house just yesterday trying to understand better when we will see u vaccine. Looks like its in the until the year, but, of course, therapeutics. Some of the stories that we are watching this morning, 9 people are dead due to coronavirus all in washington state. 100 people and 15 u. S. States dealing with highly contagious disease. New york confirmed second case, man in 50s from westchester county. The coronavirus is linked to 3,100 deaths, more than 93 cases across the world, 71 countries have been hit so far. U. S. Military announcing air strike against Taliban Forces in afghanistan just days after the historic peace deal was signed. Todays strikes targeting fighters attack an afghan checkpoint. The strike was meant to disrupt the ambush, adding the u. S. Is committed to peace. The u. S. Calling on taliban for to uphold commitments and stop needless attacks. More Severe Weather for tennessee which is under state of emergency. Death toll up to two dozen. Crews are working nonstop this morning in battered communities searches for missing residents. Some of the dead found in their beds. Twisters destroying 140 buildings burying and many did not have time to get out of their homes when they hit. The twisters were strong and powerful. National guard helping with search and rescue effort, fox news grady tremble coming up. Change at the top at nordstrom, changing up leadership naming Pete Nordstrom as ceo. Changes come as nordstrom announced fourthquarter earnings which missed sales expectations sending the stock tumbling yesterday. Stock this morning. We dont mean battery life. Shocking new study on phone cleanliness and ways to keep you safe. Ceo of blue apron is here. We are watching your wallet this morning looking at fitness apps, we will tell you which apps are the most popular in keeping you and your Health Strong and your journey safe. Coming up state of emergency in tennessee after deadly tornadoes sweep through the heartland. We will take you there live. Futures this morning, rocket rally underway. We are on track for super tuesday rebound this morning with the dow up 536 points. Plus hardcore gamers getting comfy, the new gaming bed makes making a buzz this morning. Wait till you hear this. Back in a moment. Maria welcome back tripledigit move. Big bounceback of 2 on the dow, the nasdaq and the s p also close to 2 after yesterdays Federal Reserve emergency move to cut Interest Rate by half percentage point amid coronavirus worries. President trump responded on twitter. Federal is cutting but we are playing in level field. Not fair to usa. Time for the Federal Reserve to lead, more easing and cutting. Joining us chief investment strategist michael canterwitz. Good morning. Maria the market sold up 700 points. Well, if they are going cut rates maybe its a lot worse than we thought. Potentially. Thats the narrative that always happens in the intermeeting, they know the data is about to getting usually and create as much support for an economy thats about to hit a blind spot or soft spot here. Maria you have been talking about coronavirus as being a blind spot for companies. In other words, they dont know where this is going. Talk to us about that. Yeah, beginning the year we had a lot of stimulus from the fed cuts rates in 2019 and there were signs, leading indicators starting to show a recovery and now with the coronavirus weve had another what hopefully is a shortterm blind spot but coming out of this we already had a lot of stimulus and the fed rate cut from yesterday just added to that and so we think consumers have a really good starting point to absorb this. I wonder if maybe this actually ends up being stimulative, coronavirus itself. Supply Chain Disruption is going to cause number 1, companies to build redundant factories so they are not completely relying on china, across the board, microsoft, apple, everyone will be double ordering. I think we will have a lot of bad data but at the same time strong data on the other side of this. Too bad overly negative in near term but then probably overly strong on sustainable as things rebound and settle out at pretty good pace for the u. S. Economy. Maria would you buy into this economy . We tell investors to try to maintain balanced portfolio. Not take a lot of risks. This is something thats in the near term a blind spot. We dont know when the market will put allow and so one of the things thats interesting, some of the research that we have been publishing, as you get close where the market begins to stabilize, iconly safest parts of the market perceive as safe as utilities can become part of the riskiest parts of the markets because in past periods in the market especially shock and then see vshape rebound. All the money that youve made by hiding in safety can go away as quickly as you gained it hiding there. Dagen especially buying treasuries under 1 yield on the 10year. I mean, you could have capital losses in the investment. Are you worried, though, about the destruction, though of demand that you dont get a bounceback that that is just destroyed. Its hard to see on the other side of the blind spot, if you will, later in the year. Theres two things that we are watching that are really key. Its not the pmi data, the pmi data is really bad but ultimately to understand last last year we had a fed cycle and tariffs weighing on the manufacturing sector, its spilling over to consumer, its important to watch housing data. Today weekly data on mba, that was 8year high coming today. Its going to move higher as Mortgage Rates continue to come down. Ultimately it comes down to jobs. Unemployment rates do in the rise during period of uncertainty, the likelihood of vshape recovery is very high. Maria are you expecting a good showing . Some data it will take a while to show the weakness. Even in the u. S. We have seen pmi data and looking to hit next month and next couple of months but claims is the most Realtime Data on the Employment Situation and if that stays strong, if it doesnt start rising sharply history show that is the vshape recovery is very likely. Maria thats terrific. Vshape recovery. Michael, great to have you. Coming up a state of emergency in tennessee after series of deadly tornadoes sweep through nashville, taking you there live when we come back. We are taking a look at the health of your smartphone. Best ways to keep your phone clean. Coming right back. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Maria welcome back, nashville devastated by deadly tornadoes. Grady trimbell is there now, grady. Good morning, theres still no power in this area of East Nashville. One of the hardesthit areas when the tornadoes ripped through area. Dozens of buildings were damaged, several more destroyed. You can see the roof behind me. That was lifted from a building about a block and a half away from here and carried into this neighborhood, sadly two of the at least 24 people who died did so not far from here in East Nashville and in Putnam County about 70 miles from here thats where the majority of the deaths have been reported, search and rescue teams works through the night there, they are looking for signs of life among debris and searches continue today as dozens of people are missing. Here in nashville cleanup began as soon as the sun came up yesterday. Strangers helping neighbors to get things back to normal. I talked to several people in this neighborhood who described what it was like as the storms ripped through here. It felt, sounded like somebody took a twoton pickup and i knew something was going on. Several hours later little bit of going to shortcutting because i would describe it as run away titanic dock. It was so loud. So loud. And the president expressed his condolences to the people of tennessee yesterday and announced that he plans to visit the damaged areas like this one on friday, maria. Maria grady, thank you, the pictures are just devastating. We will take a break, when we come back the results are in, joe biden makes big comeback on super tuesday last night. We will tally it up. Ring the bell for love, tinder making a buzz this morning, coming up. Our Retirement Plan with voya gives us confidence. So we can spend a bit today, knowing were prepared for tomorrow. Wow, do you think you overdid it maybe . Overdid what . Well planned, well invested, well protected. Voya. Be confident to and through retirement. Maria welcome back, good wednesday morning, it is wednesday march fourth, top stories 6 30 a. M. On the east coast, futures pointing rebound at tart of trading with dow industrials up 557 points, better than 2 . Nasdaq is up 174 and s p up at 57, this on top of a big on the heels of the emergency rate cut, that caused alarm for investors, the dow, the nation and s p 500 closing with nearly 3 decline across the board. Did end off of the lows of the day but 785 points selloff on the dow. Rates keep going lower. Global market this is morning look like this, another rally in europe underway taking a cue from wall street. We do have Economic Data that led the moves. Euro zone pmi coming better than expected. Growth hitting 6month high but the spread of coronavirus is expected to cause weakness and slowtown slowdown. February car sales there plummeting 80 year over year, south korea announced 13. 7 billion stimulus package to fight coronavirus. Meanwhile this iran going to extreme measures to help combat the coronavirus, Cheryl Casone with those details. Cheryl, good morning to you. Cheryl freed 54,000 prisoners in. All Prisoners Released tested negative and posted bail, prisoners sentenced to more than 5 years were not released. Since yesterday iran is report ing 586 cases. Jpmorgan chase is asking thousands of u. S. Employees to work from home part of contingency plan to help bank prepare if the coronavirus spreads further. The virus impacts airbnbs. Many plans have been canceled which plans will be pushed back possibly next year. Twist to scandal, lawyers for parents said this would give him enough information to form a defense. They claim the documents will prove usc has been misleading in its admission practices. Finally theres this, guys, nice ride for a heavenly prize, bentley unveiling, cool 2 million total bargain, doesnt even have a roof, everybody, it does have a unique interior made from 5yearold wood, maria, how about that . 8spreed transmission. Obviously only 12 cars remain. They always do this. If you really want one for a cool 2 million, maria, act fast. Maria well, i guess the value to have cargoes down as soon as you take it out of the lot after that 2 million bucks. Chery