Told that President Trump to declare National Emergency today. We know that the president is holding 3 00 oclock News Conference which he tweeted about earlier today so we will see the president before the cameras 3 hours from now. National emergency likely to involve the stafford act, not to get complicated. Stafford act involving fema and resources that come with fema. Bottom line the president to be taking next step which would be declaring a National Emergency as response to coronavirus. There were reports earlier today out of brazil that the brazilian president bolsanero tested positive for coronavirus. The reason why its important because the brazilian was at maralago, there were dinner there, however, bolesnaro has gone on fox within the last 30 minutes and said that his father has not tested positive for coronavirus. In any event its going to raise a lot of questions as to the president being tested and what might next steps be from that. We are continuing our eye on the negotiations that are taking place between the treasury secretary Steve Mnuchin and the house speak e nancy pelosi on the emergency stimulus bill as a result of the coronavirus. The treasury secretary earlier today described this as the second inning. The first inning 8. 3 billion package that has already occurred. The second inning stimulus which would pay for testing and paid leave and the like. The treasury secretary made it clear and the like that other measures will follow. He said next priority after whatever comes of the stimulus measure would be to deal with the airlines, so i asked the treasury secretary earlier today if the airlines are too big to fail and that was his response. I think the good news is u. S. Airline industry is in very god shape. Its very efficient and shortterm liquidity issue that we will have to deal with. Too big to fail is a question if they are shortterm liquidity issues that impact lots of workers, we will be working with congress on that. Blake shortterm liquidity issues he talked with the airlines, david. First mnuchin and pelosi have to nail out stimulus pact packet. I think at the top of the list, david, what we were told in the last 5 minutes or so, myself and my colleague john roberts that the president is to declare National Emergency with respect to coronavirus. David you mentioned the son of bolsenaro, we havent confirmed that. There was a person at maralago, the mayor of miami, suarez, he has tested positive for the coronavirus announced by the miami herald. Blake yeah. David miami herald reporting that he tested positive. He was at that meeting. At least one of the people at the meeting the mayor of miami and possibly the aide of bolsenaro tested positive. Blake yeah, that brings into question obviously you have brazilian president and thats important for a reason and whenever the president meeting, massive delegations senior level officials that are accompanying the president s and in this case one of those officials that tested positive was al at maralago. The mayor of miami going into selfquarantine. Who else in the delegation might have it and who else did those people come in contact with and the testing and on and on. Thats what we have been dealing with. David are there any contingency plan that is you heard of for the president to selfquarantine . We havent been told. The white house put out a statement that the Vice President and president are in good hands but the president did cancel travel, the campaign has postponed events and the president said basically at this point he doesnt really have plans to leave the white house but a selfquarantine would then bring the issue of who else should be around president and im sure that will be asked. David so much on the plate today. Wall streets wild swings keep going. The dow pairing its gains today, was over a thousand at one point. Look at it now. The dow is down 266 points, way down for the high today, stocks look to recover from worst day since black monday crash of 1987. Jackie deangeliy with the very latest. Jackie good afternoon, you mentioned the sharp gains at the open. Optimism after massive selloff yesterday, digestion of fed action, people were feeling more positive as they were going into the session, even bargain hunting here. You have the news that the president will declare National Emergency at 3 00 oclock and markets started to sell off. The National Emergency will free up federal funding. That would help a lot with the coronavirus at the same time its the same impact of the market when the president addressed the nation saying he would impose new travel ban. These are the headlines that scare people and not for a valid reason. Blake was talking about back and forth bolsenaro, did he test positive or not test positive. Thats a big concern as well. Commander in chief that may or may not have been exposed to this. This morning folks were looking to breathe a sigh of relief and put this week behind us knowing that it would get worse before it gets better and we could see volatility. Thats exactly what youre seeing here today. I want to take a look at of groups. You can see the airlines now are mixed. Delta is holding on, united and american are trading down in the red. I also want to take a look at boeing because its been such a dow lagger, its been tough for boeing, not holding onto gain that is we saw earlier. Probably one of the big reason that is the dow continues higher. Of course, the cruise lines have been hit like wild fire. They have been hit hard and they are seeing positive momentum. Norwegian and carnival. Royal caribbean is in the red as investors are bargain hunting and getting back in. I want to take a look at apple as well because of its impact on overall market. Trading higher of more than 8 before, given up gains. Finally the financial stocks are in focus as well. You can see they are trading higher. Fed action there and mnuchin saying the administration is watching this. If theres issues of liquidity, fed action yesterday. People are ready to act and the market senses that, david. David disney world and disneyland closing, analysts forecasting that disney could lose 1 and a half billion dollars in revenue if it is forced to keep all of its u. S. Parks closed for 30 days. Kaltbaum president Gary Kaltbaum has plans to go to disney before it closes. He lives in orlando. Gary, first of all, did you hear that the mayor of miami has the coronavirus so it has in florida . Yeah, we have one thats about 5 to 10 miles from where im sitting also. So, yeah, its around, but the numbers are still small and lets hope it stays that way. David maybe last time youre there in a month or so . Space mountain, of course. David i knew it. [laughter] i might as well continue. David do you sense by the way, we heard from dr. Fauci that maybe itll get worse before it gets better. We havent yet reached the time when today has fewer virus outbreaks or confirmed outbreaks than the day before. Is the panic in your eyes what is happening to the markets. We will know in the weeks to come whether its overdone. This has changeed the psyche of people. I think thats just going to last a while and markets are reflecting it right now. David nice segue for our next guest. Glad youre going. Grocery store shoppers are facing empty shelves, long lines as more people look to stockpile supplies. Stu leonard, jr. , so happy for making the trip. Appreciate it. First of all, youd seen the shelves, empty shelves, how much is affecting your stores . I would say a lot has to do with supply right now. We are seeing paper, towel, water, purell, we cant even buy it. Those things are really running and i heard today proctor and gamble would put us on allocation. David wow. Now now we will probably be out of it later today. David what about food . We are good. 85 fresh, so the only thing we are seeing right there is disruption from our european fish suppliers because of the flights and everything, so like the salmon from norway. David what about i know you focused on fresh food, but a lot of folks are worried what happens if the electricity goes out and maybe i need canned stuff. Tuna fish, peanut butter. Pasta. Marinera sauces. Someone this morning bought 48 pounds of chicken. They go home and freeze it. They are stocking up on a lot of meats, frozen food and fish. David you have a great relationship with local producers. Im talking about farmers themselves. What did they tell you . Are they keeping up with production or harvesting what they have in greenhouses . So far we havent seen no shortage. Obviously they are busy and there are so many different suppliers you can choose from right now. The foods coming this morning people waiting in line to come in and that was because a lot of the super markets had empty shelves. I wouldnt say full shelves but we have full shelves. I was in the Meat Department with butcher and it was about 6 30 and i said thanks for staying late, you know, stew, i cant cut meat fast enough today. We are seeing panic on people and ive never seen it in any whole lifetime since ive been in business since a little kid. David lets talk about the one incident in which we panicked. Right after 911. You were in the business then, is this worse than that . This is really what youre feeling like with those big events like that, even snowstorms, hurricane sandy, theres a panic and just doesnt last long. We are trying to do business as normal right now. We do are taking extreme care for our customers and we have the 2our blitz going on where we are wiping everything down, shopping carts, register belts, the keypads, the pens, we are just doing everything we can right now and purell. I was in a cosco and they were handing me wipe in the door. David you seem calm, stew, happy, calm, optimistic person, thats who you are. Do you think your attitude is reflective of whats happening throughout the Food Distribution industry because i know other people in the industry who are good people, i dont sense that panic even though they know that this is not going to last long, the panic . One of the things right now thats pretty good, i think, people are going to lock down at their house and want to eat inhome more often. Im doing it myself. I think you will come to the super market to buy food. I feel bad for people in other businesses like i saw with all sports stadiums, nba closing down. What are those people from the buses, transportation, the security guards. David absolutely. I feel bad for those people right now but the food business, you know, itll hopefully survive. You gave me a nice segue. Simon was in store last night. He told me we have plenty of product. David terrific news. Influence in the station. Stew leonard, thank you very much for making it in today. Professional sports world coming to a halt as stew was telling us. The Major League Baseball suspending spring training. Former Miami Marlins president david. What do you make of all this . The question is what took so long. Its so critical that gatherings of large crowds come to an end and all the sports have followed suit. The only one we are waiting for is ufc but i expect that to be postponed shortly. David dave, i dont know if you heard stew leonard. We need more of that, you first see headlines, the masters canceled, mlb suspension of spring training. It is kind of nervous. What do you look for as influence in the sports world right now . I think that people look to us for leadership. They look to us in Sports Industry and media, you want to be professional and truthful and you want to be coming but you want to make sure that you cause people to act and thats the key. Its just having people be responsible and not putting your head in the sand and in Sports League thats what they are doing now. They are finally peeking their head up and saying we are now participating in getting this virus contained. David yeah. Finally, this hurts the fans obviously. We are sportsstar country. We love our professional sports. The contracts, the vendors, as stew was saying, bus drivers, et cetera, these are the people who rely on a particular season and if that season doesnt happen, that could hurt them for the whole year, right . Oh, theres no question. Thats something that we are starting to look at and starting to talk about. Kevin love, player for cleveland cavalier in the nba donated a hundred thousand dollars to stadium workers who wont have events to work. It goes beyond that. How about the people who work in the restaurants around the arenas, around the stadiums which are crowded every game day pre and post. The hope is we contain it as fast as we can so we can bring sports and entertainment back to the american public. David david, im glad youre in the industry. I appreciate you coming on, david, thank you so much. Thank you. David wonderful to have you here. Travel ban from europe kicking in at midnight tonight. How are flyers dealing with all of this. We will go live at Newark International airport. Dont miss my show bulls bears, great panel for you with more analysis on all of whats happening with the virus, thats coming up at 5 00. Before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. Now no fruit is forbidden. Nexium 24hr stops acid before it starts for allday, allnight protection. Can you imagine 24 hours without heartburn . I need all the breaks, that i can get. Allnight protection. At liberty butchumal cut. Liberty biberty cut. Well dub it. 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We have seen one tsa agent wearing a mask with fresh warning to americans to reconsider travel to europe because of the global spread of covid19 and prohibiting foreign nationals for more than two dozen countries from entering the u. S. Including denmark, czech republic, poland and iceland. To be clear u. S. Citizens are exempt from the travel ban along with spouses, parents or siblings of citizens and permanent residents. Their spouses and children are not affected by the travel ban. The European Union strongly condemning the move but the director of the Infectious Diseases department in the United States, dr. Anthony fauci said on fox friends this morning its shutting down primary source with 70 of cases trace back to europe. We are doing things that are interfering with the natural flow of infection. If you lead the virus to its leave virus to own devices it will go way up and come back down. Weve seen cleaning crews here at newark, david, being aggressive with cleaning services. That remains advice to travelers if you are flying to avoid touching Common Services and to bring hand sanitizers or wipes if you have them. David Justin Trudeaus wife testing positive to coronavirus. I would assume its almost impossible for europe to avoid a recession right now. They were having economic troubles, no . 100 agree with you. I think europe was on extremely fragile footing on 2020. We have saw minimal growth profile. Consumer under pressure, Business Investment under pressure. They were experiencing very weak economic growth, then you layer on the external shock of the coronavirus and its difficult for the euro zone to remain in positive territories so a recession could be a viable possibility in the near term. David would it happen here, lindsey . Well, do i think if the virus continues to spread and we do see this reaction of the consumer pulling back, businesses unable to fill demands and production shut, theres a possibility of negative decline for extended 6month period. Thats not our base case. Right now we are expecting one quarter of negative growth in the second quarter. We think the hardest hit will come april and beyond but, again, if we are able to contain the virus we could see a,shaped recovery back into positive territory by the second half of the year, again, its all about the death and duration of the impact. David it is. The president talked about pinned up command. You look at sixth avenue in new york and its just kind of a bellwether for whats happening around the country where the streets. You see a little bit of traffic for midday in manhattan on a friday, this is usually a a packed street and not at all that way. Now is there such a pinned up demand which will continue in april that once we have relief from the virus we could come roaring back and back to where the markets started to fall . I do expect a recovery. I dont know that we would necessarily come roaring back because theres some trepidation even if the numbers start to decline. In terms of coronavirus we reached at peak level and dwindle off. Theres still hesitancy among consumers to go to movie theaters, sports arenas, i think its going to be more of a slowerbase uproar trend as sharp vshape recovery. David would it be able to be filled up by the suppliers . It depend, it depends how fast we get workers back on line but, again, it depends on whether or not american businesses have the workers in those positions to actually create those goods to meet the pinned up demand. Theres a little bit of nuance here, moving parts and we have to get ducks in a row in order to meet that more positive scenario. David great to see you, lindsey. Thank you so much. Fda granting emergency approval for new highspeed coronavirus test. Details right after short break. Stay with us. David lawmakers releasing the text of proposed coronavirus funding bill. Hillary