As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will london lock down and what does the future hold for travel . Despite americas troubles, the markets are bouncing back from yesterdays selloff. Weve got another volatile session. At one point, down 721 points at the low, the dow has now swung more than 1200 points, currently we see gains of 237 points. The s p climbing higher by 30. The nasdaq is up 254. Plus we are going to speak to the nations largest Medical Transport company about how it is preparing to move coronavirus patients from one place to another and what kinds of injuries now have to go to the back of the line. The medical director of Global Medical response is here on prioritizing grave illnesses. And shifting the electric Vehicle Assembly line into a ventilator line. Elon musk says hes ready to turn over the keys to his tesla kingdom to become a corporate soldier in the fight against the fast escalating coronavirus. Tomorrow is quadruple witching. The expiration of all kinds of futures and options. Its also the last session before the floor of the nyse temporarily closes. Weve got that story and more with less than an hour to the closing bell so lets start the claman countdown. Liz we wanted to alert you to the fact, you may have seen it in the 2 00 p. M. Hour, President Trump is Still Holding a Video Conference with the nations governors at fema headquarters in washington, d. C. Moments ago, he said he will consider block grants to states for dealing with the coronavirus. We are monitoring this. We will take you straight to the white house for all the headlines out of it in just one moment. Meantime, lets flip it over to uber shares. Uber shares are actually doing very nicely right now, spiking as much as 44 earlier today after Ceo Dara Khosrowshahi told investors the company has plenty of cash on hand to survive the coronavirus crisis. Thats why the stock is up 38 right now. While uber is dramatically seeing reduced business as millions of americans work from home, the ceo also did say that hong kong is at least one area in asia that is starting to recover and start using uber rides once again. Boeing, lets get to that story about the dividend. Boeing is considering cutting its dividend and possibly laying off workers at its jetliner plants. People familiar with the matter say. As americas largest manufacturer grapples with an unprecedented disruption to the Global Airline industry. Why does cutting the dividend matter . As of today, the dividend yield for boeing works out to 8. 7 annually. That is a chunky significant dividend and i believe its the fourth highest in all of the dow 30 names. If they start to cut im surprised they hadnt cut that by december considering they had grounded all of their 737 max jets but this has certainly pushed them to the brink although boeing is back touching at least 100 per share. As the links in apparel chain stocks have broken since the virus, one retailer is soldering some back together. The stock is skyrocketing 129 after the company Beat Estimates for quarterly profits driven by strength in europe although of course, you know the next quarter may change considering all we are seeing in italy, france and germany and elsewhere in europe. Adding to the list of store closures due to the coronavirus, ethan allen is shuttering its home Design Stores from today until the end of the month. That stock, while up 17 , is just 11. 71. Not really that far from where it was more than 20 years ago. Tiffany is closing several stores. That came to be announced today. I dont know who is buying jewelry in this situation. Maybe online, right . Tiffany is up 6. 9 . Best buy is up about 2. 7 . Best buy will allow 10 to 15 people in its stores at a time. It is reducing hours, limiting staffing, of course, to keep the virus from spreading. Then there are the companies who have just plain given up on forecasting. William sonoma suspending its 2020 guidance. A lot of companies are doing this because they just dont know. It is trading higher at the moment by 24 on better than expected earnings for the fourth quarter. Darden restaurants withdrew its 2020 forecast but posted Third Quarter revenue above estimates. Darden up 25 . Of course, that of red lobster and the olive garden. Trip adviser withdrew its full year outlook. We know the travel companies have been certainly travel booking companies have been down for the count. Trip adviser scratching back about 9 . Lets look at all the green. Exciting, right . The markets are seeing a welcome rally after just a necksnapping record eight days in a row of up or down moves greater than 4 . Right now, the s p is up, we will take it, it is tame at the moment, up about 32 points. But we need to flag you on some Economic Data points that are out today that portend perhaps darker market days to come. We are just trying to keep you ahead of the game here. First, the philly fed index, a gauge of manufacturing for the atlantic region, it saw its biggest plunge ever in march, dropping to negative 12. 7 from 36. 7 in february. This is not only the lowest rating since june of 2012 but anything below zero indicates worsening economic conditions. Thats manufacturing, again, a regional index. We havent seen this in three years. Weekly jobless claims, firsttime jobless claims that come out every thursday, spiked by 70,000 to a seasonally adjusted 281,000 last week. Still below 300,000 but it is the highest level for initial claims since september 2nd of 2017. What can we extrapolate from that to open the window to the near future . Next tuesday, we are going to get the First Reading of the health of manufacturing and services in america for the month. Thats when the purchasing Managers Index is released. Then the first week of april, among other indicators, the ism, institute for supply management, will release its rating for march manufacturing. April 3rd, the Labor Department releases its march jobs report. What will we see . Lets bring in our floor show traders and our investors. Cfra chief investment strategist Steve Stovall along with phil flynn at our Chicago Bureau and circle squared alternative investment ceo jeff sica who owns several hotels that he is opening up to Health Care Workers on the front lines. Sam, i will begin with you. Put your economist hat on, if you can. We know in the best of times the ism and pmi, these manufacturing indicators, are among the most important data we get every month. Knowing that the energy, hotel, Restaurant Industries have begun mass layoffs, what do you expect to see and how could these numbers affect the markets . Well, i think we are going to see weakness in these numbers just as we saw with the philly fed, because they are sentiment surveys. They are questions asked of executives, what are they going to be doing going forward, and i think what they are going to be indicating is that they are hunkering down. They themselves are going to be going through some sort of selfquarantining event and as a result, probably not going to look too good. Liz phil, we know the Energy Sector has was among the first really to have layoffs. We know the jobs picture is going to be ugly. But what about manufacturing . I am very happy for the bulls and people who are long this stock market, people who have 401 k s, 529s, that were seeing gains. Right now the dow is losing about 200 points of gains we saw just at the top of the show nine minutes ago. We are still up about 111 points. Why should our viewers be looking ahead and not just to the closing bell which is 51 minutes away . Because we are going to see the biggest amount of stimulus known to mankind probably over the next couple of months. Unlike the financial crisis or september 11th where we really didnt have an end date, its very possible looking at this coronavirus we are going to have an end date, that this isnt going to go on forever. I think the governments been very quick to react. Listen, these numbers are going to be terrible. You think theyre bad now, wait awhile. They are going to get worse. Liz that is my absolute point. They are going to get worse. Liz then they will get better. They had getwill get a lot b. I think you will see pentup demand down the road at some point. People will want to get back to work. Economies are going to get back to work when we get through this. You know, the nice thing about this or the bad i mean, obviously i see a lot of economic pain here. But i see the government responding to that and hopefully it will be shortlived and there will be better days ahead. Sometimes the markets already priced in a lot of this bad news. Liz we are losing our gains here, jeff. S p is now up 12. Weve got the dow up 52. High of the session, though, had been a gain of 543 for the dow and 68 for the s p. We are scouring these headlines as we speak, but you among the three have had to actually lay off people. Thats tough, because you own a couple of hotels. But you are also turning a little bit of a Silver Lining by offering these hotel rooms. Talk about the markets, then your workers, then what you are doing with your hotels. I mean, i have been negative on the market for quite awhile and one of the reasons i have been negative is i felt the consumer was vulnerable. I felt that the consumer was overleveraged going into this. One thing i will say is i dont think theres anybody that predicted we would have anything quite like this. The reality of it is that were dealing with so much uncertainty. Sam said it, i think its realistic to think that the uncertainty is going to produce a lot of volatility. I think volatility in the case of a trader might work, but in the case of an investor, it might set them off. So the way that i see this is that i would not be chasing these rallies. I think theres a lot of short sellers out there that cover their positions when they get an uptick. I would not be chasing them. I would look to some of the Economic News but i would especially look to the way the consumer is handling this. Right now, the consumer, even if the consumer wanted to spend money, they really cant. Liz tell us about your hotels, if you could. You own a couple, right . Yeah. We own three hotels. Its heartbreaking. Two weeks ago we were doing quite well and all of a sudden, we get hit with this and our occupancy drops below 20 . We had to lay off a tremendous percentage of employees. I mean, the one thing that is very very heartbreaking to me is that the type of employee that works in the hotel industry, youre talking about an industry that employs millions of people. Our employees, letting them go has completely broken my heart. I have committed to them to work as hard as we could possibly work. We always like to see the light at the end of the tunnel. Im not a gloom and doom guy. I try to be realistic. There is a light at the end of the tunnel but for now, we need shortterm solutions. So were offering the hotels, i think right now the heroes out there are the medical workers, the first responders. The fact that these Health Care Workers are out there, putting themselves in jeopardy, we are working with four hospitals, local hospitals in new jersey, offering our hotel through working with a foundation, offering our hotel for them and strengthening them, caring for the people who care for us. Liz weve got to run. This is so, so much appreciated. Phil, jeff, sam, we will see you in just a few minutes. Breaking news. President trumps Video Conferencing with governors as we mentioned around the country, while visiting fema headquarters in d. C. At the moment, he is expected to depart for the white house at any moment. Blake burman is standing by following all the threads of this rapidly evolving coronavirus pandemic. We are seeing the markets fluctuating just a bit, getting close to the flat line. We are now back up about 149 points. Whats going on in that room . Reporter its been a pretty fascinating look and listen, really, as the president and Vice President right now are at fema here in washington, d. C. At the National Response coordination center. If we have a live look, lets dip in right now. What the president has been doing is going on a Conference Call with governors from all across the country and listening to what sort of needs they have and as we have been watching this, the president has been saying okay, good, consider it done, we will take care of it, et cetera. For example, the governor of louisiana, john bel edwards, told President Trump just a little while ago that his state needs help with Surge Capacity at hospitals. So just one look from one state as the president is hearing needs from all across the country right now at fema. Meantime, here in washington, earlier today, we also heard from the treasury secretary Steve Mnuchin when he told Maria Bartiromo this morning about the 500 billion worth of direct payments that could be going to americans as part of this trillion dollar stimulus package. The treasury secretary saying at this point what they want to see is 1,000 checks going directly to americans, 500 checks directly to children. The Vice President s chief of staff, mark short, told us a little while ago that they believe that the phase three, essentially the stimulus package, could potentially be on the president s desk for signature by next week. Still a lot to work through, though, on that end. But earlier today, when the president held what is at this point almost like a Daily Press Briefing here at the white house, the president was asked whether or not he feels that trillion dollar package is big enough. This was his response. Well know about that later on. Well see what happens. It depends how long so much depends on whats going on in this room in terms of the medical. If we can stop it in its tracks, the virus, its mrenplenty. If we cant, well have to go back and talk. Reporter i also asked the president whether or not this economic setting we are sort of in right now, this stalemate, how much longer business owners, workers, people all across the country, should expect this to take place. He said to me quote, youll be able to tell a lot in a week or so. Liz blake, thank you very much. When we come back, there is news out of israel breaking right now about a shutdown of the country. Stay tuned. I like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. past them because she didnt sknow they were talking to her. G and she would just walk right deborah i just could not hear. I was hesitant to get the hearing aids because of my short hair, but nobody even sees them. avo our nearly invisible hearing aids are just one reason weve been the brand leader for over 70 years. deborah when i finally could hear for the first time, i started crying. I could hear everything. avo call 1800miracle to start your 30 day riskfree trial and schedule your free hearing evaluation today. Can we go get some ice cream . Alright, we gotta stop here first. From smarter atms, to after hours video tellers comcast business is connecting thousands of banks to technology that turns everyday transactions into extraordinary experiences. Hi there. How are you . Do you have any lollipops in there . laughing no, sorry. Were helping all kinds of businesses go beyond customer expectations. How can we help you . 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. Liz let us get you this. Little bit of good news here. China today reporting no new domestic coronavirus cases for the First Time Since the outbreak began there. It does appear, if you believe those numbers out of china, which hasnt exactly been transparent during the crisis, if you believe those numbers, the country has successfully flattened the curve by reducing the number of new cases but here in the u. S. , heres our curve. The curve is moving upward, has not even begun to plateau. Cases rapidly spiking. Global medical Response Team is the nations largest Medical Transport company. It uses thousands of ground vehicles, fixed wing aircraft, hovercraft, helicopters, everything to transport the critically ill. They work with local hospitals, emts and 911 centers. As the curve is still vertical in the u. S. , how is the front line of health care dealing with what are now very difficult decisions . Chief medical officer with 30 years of emergency medical experience, dr. Rack joins us now. Thank you to all your team members who have been working tirelessly. Thank you. We appreciate that. Liz what challenges are you and your 38,000 paramedics, nurses and emts beginning to see in the last three days, lets say . So i