Still rock bottom. 30year bond looks like, this up 17 basis points with the year on the 30year at 1. 192 . Supporting the economy and threat of coronavirus. President trump floated the idea of payroll tax yesterday and help for industries and that sent futures higher last night. We will take a look on exactly whats involved. Voters in 6 states are heading to the polls today. Investing in apple, history, how you could own one of the first Apple Computers ever made and fully functional. Mornings with maria is live right now. Maria we have a bounce going on, all positive following the big selloff and rebound this morning. Cac quarante in paris up 3 and a half percent and. In asia overnight, green across the board as well. Take a look at this, the numbers up, shanghai composite, Chinese Market up almost 2 right now, overnight rather. The Japanese Central bank has been buying equities. Also this morning some of the top stories that we are watching this morning, chinese president xi jinping visiting wuhan overnight, the epicenter of the outbreak. First time since outbreak began, sign beijing is confident that the efforts to contain the virus are actually working although thats what the chinese propaganda will say anyway. Countrys Prime Minister urging to stay home and this is this as thousands of passengers board a cruise ship in california or slowing or leaving the ship. Grand Princess Dock at port of oak lan yesterday. And the rest will leave today. More members under quarantine, republican congressman matt gaetz will be working from home. Mark meadows is also under quarantine. It is super tuesday. Joe biden and Bernie Sanders going head to head. State to watch is michigan tonight. Sanders taking part in town hall on fox last night and sanders asked what he would do if he was president right now. We have an infrastructure today which is crumbling right before our eyes. We have millions of people spending half of their income on housing in this country, so what i would do is invest in workingclass people in goodpaying jobs by rebuilding infrastructure roads, bridges. I dont have to tell the people of michigan who have lived through flint, michigan about horrible water system. Maria sanders defeated Hillary Clinton in michigan back in 2016 which was considered a major upset. This time around biden appears to be the front run e in michigan. Polls there opening in michigan at 7 00 p. M. Eastern this morning. The fifth, third employees open deposit and credit card accounts without customer approval to meet add beneficiarious sales goals set by the company. In lawsuit filed yesterday in illinois, cfpb say it is Cincinnati Bank knew what was going on and didnt do enough to stop it. Similar situation over at wells fargo a year or so ago. The bank calls allegations unnecessary and unwarranted. And if you didnt look up last night, you missed something really big, a super moon filled the sky as the moons orbit brought it to closest point to earth. What a gorgeous sight. I took my own pictures, actually. We are talking about market rebound. Take a look at futures indicating a gain of better than coronavirus fears caused the market to plunge and freeze along with, of course, that massive selloff in the price of oil and the fight between the saudis and the russians, President Trump weighed in yesterday saying that his administration is considering a number of ways to boost the economy in the wake of the wuhan virus outbreak. We will be meeting with House Republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief. Hourly wage easterners getting help so that they can be in a position where they will not miss a paycheck. Maria those comments boosted markets overnight. Joining the conversation kings view chief Investment Officer scott martin, fox business Dagen Mcdowell and new york Editorial Board member kelly torrence. Good to see you this morning. Kelly good morning. Maria i sort of like this idea. I want to get your take. This is about helping people that are working, cutting taxes, increasing the salary of working people which you have the payroll tax, 7 and a half percent is paid by workers, 7 and a half percent is paid by businesses. You get the tax relief from 0 to 90 days or until the end of the year. Thats what he was talking about yesterday so people have more money in their pockets and small and midcap businesses also get a break. Dagen president obama did this during housingrelated financial crisis and Unemployment Rate didnt budge, it provided not enough stimulus into the economy. It looks like its important that the administration, that the white house and President Trump are trying to get ahead of this saying that they will do something but certainly people within the administration according to report that is Steve Mnuchin and Larry Kudlow NationalEconomic Council director would rather do something narrowly targeted, helping people who are sick, who need to get paid who dont have sick paid leave day s. People are expecting the Federal Reserve to step in a way, shape or form. Maria expecting a 50base point cut from the Federal Reserve in march or in april. I was like what . The president is going to the senate today, meeting with republican senators for lunch and socializing the idea. Other holiday for people who dont file taxes on time. You dont get any late penalties. Loans to Small Businesses declared disaster areas like, for example, seattle. Thats another thing and provide help for the hourly worker who has to make a choice. Make sure that they get relief for them but, you foe, hes talking about cutting taxes, the payroll tax but youre right, disagreement within the administration in terms of what route to take. Scott its great, a lot on the table and the markets are expecting a lot and as dagen pointed out the fact that we have payroll tax for 3 months or maybe until the end of the year is a great option because thats something that the markets are seeing, okay, this isnt such a if its shortterm, great, and i think also too if theres coordination with the Federal Reserve, maria, with more rate cuts thats what the market is also want to go see because we see the plummet in 10year, low er rate is great. Maria 50basis points in april, im like, where are we going with this. It looks like thats where we are going in terms of the cuts. Dagen i said this yesterday, another rate cut wont help as much actual liquidity. Maybe selling treasuries and then buying mortgages is one idea thats been floated out there. One thing that the administration cant do tax payment deferment for some of the hardhit companies because yesterday was a credit crunch for the Energy Companies but then also concerns about financial contagion and airlines lodging and retail, so if you defer tax payments that gives them at least a little bit of a breather on cash that they have to cough up to the federal government. I like ideas like that. The question is what do you target and how do you target. Theres a lot of businesses that will be affected by this. I actually like senator steve from montana want to put a pause from payroll tax rather than total pause. I hope President Trump hears about that. Maria you have 7 and a half percent the payroll tax is 15 . 7. 6 paid by employees and the rest paid by employers and so they want to cut that to zero, possibly till the end of the year, so thats what the president is talking about, getting rid of the payroll tax. Dagen the problem is it actually funds benefits to the american people, funds Social Security and medicare so we actually, you know, we need that we need that money. One quick thing about the airlines, the International Air transport association is expecting that passenger revenue worldwide could fall could be fall as much as 20 , thats more than after 911. After 911 it was only 7 . To put it in scope, this is a global, global crisis. Maria it sure is. They want a coordinated answer to that. We are just Getting Started this morning. A lot to talk about coming up. Super tuesday part 2. Michigans economic stride. Democratic candidates, we are taking a look. Spotlight on mission. Transforming financial light. Entrepreneur day monday john to damond john, we will hear what he has to say. We have the list this morning, coming up we are looking at a 4digit rebound. A whole lot of love, the new ruling of most famous song stairway to heaven. Victory. Back in a minute. Maria welcome back, wall streets wild ride, check out futures pointing to 1,000 point rally at the start of trading, the dow on track to claw back after yesterdays massive sell off. Joining us right now mark avalon, would you buy into this market this morning . Id wait and see what happens a little bit more with the tactic that is we are seeing either from the fed or from the president and bank meeting tomorrow. I think the markets reaction is programmed trading that we have good news. We need to correct yesterdays perhaps oversold position. Look, until the severity of this virus is understood, how its communicated. Until these things are known, business meetings will be canceled and the residual effects of that are far more than just a hotel room or airline seat. When a conference is canceled it affects local florists, the wait staff doesnt get to go to work and i dont think we have seen the trickle effect of the economy from all of the cancellations and thats what concerns me. Maria you make a good point. Once we get the expectation straight, whatever they are, wall street, investors will are more clarity and will feel comfortable investing in this market but at this point, scott, you just dont know where this is going, what kind of an economic this is going to have and when you dont know scott you mentioned program trading, what have you seen with respect to program trade on down days and thats exacerbated the big moves . Well, i think they are driven by fear right now, any bit of bad news crossing the wire sets a trigger. The fear is that we are in for a 2008 situation especially when you see the weakness in banks and people start to question the fundamentals of the Financial System. Look, they have a reason to worry at least about the banks. Look in a very flat, low and no yield curve to speak of, they wont benefit from fees, you have default risks and they are trading through m a operations are not getting revenue because deals are coming to a standstill. When you see a weakness in the Financial System that sends a lot of worry and thats why youre seeing reactions. Why did the fed lower by 50basis points and why is the president calling the bankers into this meeting because we want to stem the fear as quickly and swiftly as possible. Maria let me ask you about the level of Interest Rates, does it bother you where we are, the level of Interest Rates where we are, expectation that is the fed will cut 50 basis points before this actual meeting which happens on march 17th, do you expect another cut . Well, i think they will cut, im not sure they will do 50 because it leaves them so little after that, but if they cut even a quarter, im not sure how that will help with the fear factor, its not going to help people onto planes and its not going to help people spend. Whats been driving the rally is consumer, Consumer Confidence, great job numbers, wage increases and Consumer Confidence then spends money. The fed cutting rates is if the going to help Consumer Confidence. People are starting to hunker down. I think we will start to see Lower Consumer spending against the backdrop of uncertainty. I think the fed has made a bold statement. I think if they go back in with another 50 basis point cut it could almost look a bit alarmist at this point. Maria they know something a lot worse than we do right before our meeting and maybe markets react negative through that. We will see about that. Mark, good to see you, thank you. Good to be here. Maria quick break, facebooks feminine touch, opens new faces to the board. Who made the cut, coming up. Tom brady, see whats next in his agenda. Big story. [ fastpaced drumming ] [ fastpaced drumming ] its our most dangerous addiction. And to get the whole world clean . That takes a lot more than an alternative. So we took our worst vice, and turned it into the dna for a better system. Materials made from recycled plastic woven and molded into all the things we consume. We created bionic and put the word out with godaddy. What will you change . Make the world you want. We want you, we need you. Theres a place in our campaign for you. Which campaign is best able to defeat donald trump and let me say without any hesitancy our Campaign Together is the campaign. Maria voters headed to the poll in 6 states in what is referred to as mini super tuesday tonight. 352 delegates up for grabs with michigan holding the most, 125 delegates in michigan alone with former Vice President joe bidens recent momentum could today be make or break for Bernie Sanders as well as Tulsi Gabbard who is still in the race, you know, its going to be interesting to see what comes out tonight. I guess Bernie Sanders won it narrowly in 2016. Looks bad for him, all the polling has biden, you know, taking michigan, but, you know, Washington State has 89 delegates up for grabs, so its close to michigan in terms of numbers and that race is super close and one of the things i find interesting washington is one of those vote by mail states. As of march third when Elizabeth Warren and Mike Bloomberg were still in 1 Million People had already voted. So again, im not a big fan of early voting and this is one reason why. Everyone should be looking at the same candidates and right now looks like Washington State is 50 50, could go to either and thats the second biggest prize tonight. Dagen in terms of demographic joe biden wouldnt he run away with a mississippi and do exceptionally well in missouri and Bernie Sanders would have to do much better in michigan with voters who didnt come out for him on super tuesday. He needs to run away with this if you if hes going to change the trajectory of where this nomination fight is going. The fact that he canceled mississippi right after super tuesday. Thats a big sign he saw the writing on the wall there and immediately went to michigan and i think, you know, kind of desperation. Scott Washington State is a big coronavirus state, so its going to be interesting to see if theres turnout issues because of the fact that people are worried because the fact that coronavirus is there. Thats another thing too when you look at delegate results. Coronavirus will have an impact in a couple of the states. Dagen by the way, completely fair to talk about the age and health of both of the gentlemen given the fact that scott Spring Chickens or what . Dagen what anyone would call exhausting pursuit running for the president. Both of the men will be older at the end of first term of his president than Richard Nixon when he died. Maria wow. Joe biden was very clear about that. Look, i will probably be one term. I need somebody young he said. Im not in it for the long term. He told his donors amazingly so. Quick break, the white house response to coronavirus helping drive markets this morning, rally under way, better than a thousand points in dow industrials, investors are retreating to gold and oil, oil as you can see is up 265, thats 8 facility percent this morning but gold is down about 16, we will take a look. Plus a whole lot of love, the band stairway to victory coming up. Ith cargo. Cover more ground with the fast, durable kubota sidekick. But inside every etf. There are untold hours of careful construction. Infinite what ifs . And contingency plans. Creating funds that help target gaps in client portfolios. Tap untapped potential. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. For a prospectus containing this information. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun all we needed somebody to lean on all we need is someone to lean on maria welcome back, good Tuesday Morning, everybody, thanks so much for joining us, im Maria Bartiromo it is tuesday march tenth, top stories 6 30 a. M. On the button on wall street. Take a look at futures indicating a rebound this morning in a big way up 1,000 points on the Dow Jones Industrial average. This after a massive drop yesterday when the dow, nasdaq and the s p 500 plummeted better than 7 a piece. Biggest selloff since 2008. The price war between saudis and russians sent 4year low yesterday, price is tick