Thats the anxiety indicator, if you like. This morning, the yield is back up to 1. 00 . Ashley back up. Stuart back up, thats right. Well above the extraordinary lows that we hit yesterday. That would be record lows that we did touch yesterday. 1 even on the tenyear treasury. How about the price of gold, another flight to safety. Actually its down again, off two bucks at 1641. Okay. The primaries. A great night for joe biden. He won nine states including texas. He now has more delegates than bernie. Sanders did win california, but late deciders swarmed to biden. Bernie might not have won california if the two million early voters had just waited. Bloomberg did very badly, only winning American Samoa. His campaign is quote, evaluating its future. One of my colleagues at fox said never had anyone spent so much to achieve so little. Elizabeth warren, ultimate disaster, third in her home state of massachusetts, fourth in her native state, oklahoma. It was joes night. Hes back as a contender, establishment democrats breathe a sigh of relief but joe still made a gaffe in his victory speech. Varney company is about to begin. People are talking about a revolution. We started a movement. Weve increased turnout. The turnout turned out for us. We are going to win because the people understand it is our campaign, our movement, which is best positioned to defeat trump. You cannot beat trump with the same old same old kind of politics. Stuart you saw it right there. Bernie and biden from super tuesday. Joining us, fox news. Com columnist, liz peek. The market is rallying because, this is my opinion, see if you agree, you can disagree if you like, because bernie did not do well. Yeah. I think we have seen that twice now, when biden won huge in South Carolina, which kind of started his big momentum comeback, the markets really responded to that. People are not ready for a revolution. They dont want Bernie Sanders as president and much as we might dismiss him as a cranky aging socialist from vermont who has a very narrow following, the truth is National Polls put him ahead of President Trump. So there is this black swan element to his candidacy, and i think when he won nevada by such a large percentage last week, that really alarmed people because the general thinking is he has 25 to 30 of democrats in his camp. All of a sudden he won 46 in nevada. That was alarming. What we saw last night naturally is that young people did not show up and they are his big group, and that was disappointing for him and biden is being propped up by the establishment which is really kind of the right word, i think, and because Amy Klobuchar and Pete Buttigieg moved out, he was able to win, for example, minnesota, where he had been trailing, but because Amy Klobuchar stepped aside, that was his to win. A lot of states, you can look at that. Mike bloomberg spent over i think i calculated a Million Dollars no, sorry, 10 million per delegate, something. Yeah, about 10 million per delegate and only won American Samoa which they actually dont even vote in the national election, people in American Samoa. It was not a good night for him. Stuart i think he spent more per delegate than 10 million. He got 40, he spent more than 400 million. Youre right. Stuart lets see if we can prove my point about the rally being the result of bernie having a bad night. Look at the Health Care Stocks, please. They are all up. Significant gains here because bernie did not do well. That means youre not going to get this medicare for all nonsense. Thats my opinion. Lets see if joel shulman agrees with me on this one. Look, this is a rally this morning, up 500. Is it a political rally . It is a political rally. When we go back over the last few months, we have seen two big issues, coronavirus and political news. Whenever warren and sanders did well, the markets did poorly and vice versa. So this is clearly a political rally. We saw it on monday. We are seeing it again today. Stuart before we go any further, i have the feeling, a lot of people have said to me this is like 2008. Especially that sharp decline in the treasury yield. So that was the one factor that was similar. It invoked panic because people didnt see this coming. Traditionally when we see Interest Rates decline or increase, we get a little preliminary advance knowledge. But this is was creating a little panic as a result. But its very much unlike 2000 bathes ba because back then we had Interest Rates of 5 , 6 , the economy wasnt the same, we had a financial collapse. It was completely different. Interest rates are low, we have strong economic growth, we have Tech Companies doing very well. Fundamentally different than 2008. Stuart very glad to hear that. Hold on. Lets get the latest on the virus. Dramatic news, dramatic action, i should say, from italy. What are they doing, ash . Ashley they are looking at closing all the schools across the country. They are having a hard time getting a handle. Of course, we know this outbreak of coronavirus occurred in northern italy, but it is spreading. The number of deaths there has now jumped to 79 from over 2500 cases and the government says we may indeed, as early as today, they havent made the announcement yet, close schools. That could last for at least 15 days. You know, the Italian Economy was struggling anyway. They were expecting a half percent gdp growth this year. Now its almost certain by all economists estimations, italy will be into recession because of this outbreak. Stuart real fast here, joel, to me, thats the fundamental problem facing america, how much does our economy slow down as people are less willing to mingle. I think most people anticipate one to two quarters. We have seen china get the problem pretty much under control with a couple weeks of just rest so if this is one or two quarter hit, we are factoring it into the economics for Many Companies and Many Companies will be spared. Think about u. S. Small caps. They wont have the same effects, they wont have supply chain effects. I think its still going to be strong. At the end of the day if we see a trump rally, at the end of the year, i think markets end higher. Stuart reportedly, the streets of seattle look like seattle looks like a ghost town. I dont have the video but thats what im hearing about. Have we got anything more on that . Ashley we do. Businesses especially in downtown seattle, they have had nine deaths reported in Washington State, almost all in king county, and eight of the nine, 20 minutes from downtown seattle. As a result, the Tourism Industry has been hit especially hard. As one business person said, i have never seen downtown so empty. Also, whole foods, trader joes, all the major supermarkets, their shelves are empty and they are trying to refill, sanitizers are gone, toilet paper, you name it. All of these emergency supplies. Its having a huge impact on the economy in seattle. Stuart heres another story about Corporate America sort of separating out. Susan, jpmorgan, stay at home for a day . Susan asking thousands of its employees, this is to test their contingency plans in case the coronavirus gets worse. This is project kennedy, they are looking for 10 of their 127,000 workers to stay home to make sure their trading platforms still work in case of a coronavirus outbreak and people can make it to the exchanges and make sure that everything is in place. Just to get back to seattle, amazon has reported its first worker is under quarantine, one out of 55,000 that work in Washington State near seattle. Can i introduce one positive note . Im hearing that smog is back up in china. Honestly, this is the epicenter. People are going back to work, apparently. Its not just pretend that the factories are back in production. That is incredibly important to how it affects us. Yes, its important that nursing home people die and awful and tragic but what will impact our economy is whether supply chain in china stuart pollution goes up, traffic jams return apparently that is back. The ring road around beijing at a halt. Which is very good news. Susan very good sign. Foxcom, the assembler of iphones, is up and running and getting back to full production by the end of the month. Thats indicative the economy is back up and running. You so the lowest coronavirus new count in the day in the entire epidemic so far. Thats a good sign. Stuart do you think we can see the far side of this thing in china . Not referring to anyplace else . Absolutely. If we see the epicenter slowing down, the cases are dropping quite a bit, this is an indicator that youve got a population of a billion three and they have been able to get this problem under control. Again, i think its a one quarter hit, possibly two, but they will return to production and our supply chain will be filled again. Stuart very positive. We like the sound of that. Okay. Check futures. Weve got 20 minutes to go before we open up. A big loss yesterday. Looking like a solid rally at the open today, up about 500 on the dow, 160 on the nasdaq. President trump meets Kim Kardashian at the white house today. Its all about criminal Justice Reform. Its also about outreach to minorities. Joe biden, yes, he is back in the race after the super tuesday wins. His resurgence, is that a concern for President Trump . I will certainly ask the question. I dont think mr. Trump will think its a concern. First, vermont, one of four States Bernie won last night. Pete hegseth is there. Can he find a bernie supporter in vermont . I know hes looking. More varney after this. 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. 1 in 3 deaths is caused by cardiovascular disease. Millions of patients are treated with statinsbut up to 75 persistent cardiovascular risk still remains. Many have turned to fish oil supplements. Others, fenofibrates or niacin. But heres a number you should take to heart zerothe number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. 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Stuart look, im going to call that a gaffe, confusing your wife and your sister. Thats not the right thing to do. Look at this one, too, please. A protester rushed the stage, bidens Campaign ManagerSimone Sanders jumped into action to stop her. Wild stuff on super tuesday. I think the protester was antimilk antidairy. Okay. Pete hegseth is with us, in all places, a diner in vermont. Bernie didnt get as many votes this time in vermont, okay, he won, he didnt get as many votes this time as he did in 2016. How do you explain that . Reporter not even close. I think joe biden had something to do with it, the unexpected rise for him. 85 of the vote in vermont in 2016 for Bernie Sanders in his home state. Only 51 last night. Now, i will say on fox friends we talked to some diners here, some republicans who said they went out and voted for joe biden. We also met republicans who voted for Bernie Sanders because they thought he would be the easiest for donald trump to beat. The mind of democrats, you know, i try not to crawl inside the mind of a democrat too often, but im trying to figure out what they are going for and in this case, i really think they think joe biden makes a more formidable opponent to Bernie Sanders and thats what vermont diners said to me this morning time and time again. They said we know bernie. We have been in this state for decades around bernie. Hes never held a job, he wants to take all your money with utopian dreams that dont work. A lot of them said i hope joe biden is successful because at least then youve got someone who isnt a socialist on the ticket. They know him pretty well here in vermont. They were surprised about what happened in massachusetts, just south of here, that warren couldnt even come in second. She came in third, beat by biden. Interesting night. Stuart i was watching your performance earlier on fox friends. I dont think you found a single valid bernie supporter. You may have found some republicans who voted for bernie because its an open primary but i dont think you found a single bernie guy. Reporter we did not. We tried. I swear we tried. Listen, it may be me, i might be a bernie or socialism repellant. I own that if thats part of the reason. We tried. Listen, i wear it with pride, like you do, stuart. But they are out there, clearly, enough of them, enough of them in california, colorado. But not enough in these other states. Well see the bros, maybe they arent as big and bad as we thought. Stuart pete, thanks very much for joining us, as usual. See you soon. Reporter i got to say, you want maple syrup or ericas beef jerky, you cant beat it here in vermont. Stuart are you in a diner, by any chance . Is that it . Reporter ericas diner. Thats why. Stuart bring some home. You want it. Thanks very much. Got to move. Looks to me like the democrats are lining up behind two candidates. I think both of them have got rather negative image for the future of america. Thats my opinion. Listen to the president. Wasn he wants middle class tax cuts. He wants prosperity. Roll tape. I like middle income tax cuts. I think it would be a good time. Middle income tax cuts. If the democrats would approve it i would go along with it. Reporter a payroll tax cut . Payroll tax, yeah. Reporter that would happen this year . I would do it if they can approve it. Stuart Ronna Mcdaniel with us, rnc chair. I will feed you good stuff here. It was a pretty nice contrast between the negative vision from the democrats and tax cuts and prosperity from the president. Theres really no difference between Bernie Sanders and joe biden on the fact they want to raise taxes. They said that openly on the debate stage. And the president has once again said to the American People lets cut taxes, its worked for our economy, thats why we have seen such great job growth, thats why we have seen wages up, because the president understood by cutting taxes and cutting regulation, you stimulate growth and its very contrasting ideas to the Democrat Party, who is all about more regulation and of course, hiking our taxes. Stuart its a great contrast. But i think the president is going to be judged in the election in the next few months over hiS Performance on the virus. What do you say . I think the president has been outstanding. He was right to shut down travel to china in january. I think that halted what would have been a greater spread. The fact that hes getting in front of the American Public and reassuring them and calming them and being forthright about whats happening, where the outbreaks are, giving us information, then we need congress to pass aid and put that through for the coronavirus but i think the president has been a phenomenal leader. Lets remember, the president is the one who said we shouldnt have open borders. We wouldnt let planes just land here without knowing whos on them so why are we letting people come to our southern border without knowing who they are. This is exactly the type of scenario why that is so important we know whos coming into our country. Stuart thank you very much for joining us this morning. I know you are very busy, very important day. We will move on and thanks for joining us. Appreciate it. All right. Now, look at dollar tree. Down, what, 1. 8 . Kristina partsinevelos at the exchange, whats the ceo saying about the virus . Is that the problem for dollar tree . Kristina no, actually they are trying to mitigate fear at dollar tree, their latest Earnings Report came out, they have a Conference Call right now, the ceo trying to reassure investors right now they are seeing production pick up as well as factory attendance increasing in china which is a positive. I know liz peek just said it before, too, pollution levels have started to increase in china which shows that some people are going back to work. The dollar tree ceo also said that Global Sourcing team in china, they do Third Party Quality inspections, thats coming back to normal levels as well.