I think theyre all feeling like friday these days. Welcome to fbn a. M. Im lauren simonetti. Cheryl yeah, lauren, hey, good morning to you. It has been a volatile week, a crazy week for investors. Governing, everyone, govern,d morning, everyone, im cheryl casone. It could be limit up today in the futures market, the sips close to that level, 2534 is the level. Watch for that number. All the averages are down for the week but right now the dow is up 824 points in the session, s p up 104 and change, nasdaq is up 355 points. Lauren i will take it. Lets take a look at commodities this morning. Oil prices, 26. 78 a barrel, a gain of 6. 2 . Gold up 2 at 1508 an ounce. Cheryl we have seen historic moves in the 10 year treasury, in the bond market in general. Take a look at this. We are down 11 basis points, the yield is 1. 048 . Thats actually a good thing for a lot of Bond Investors out there. Lauren major bounceback in asia, if you take a look at the kospi, sold off yesterday, up 7 andahalf percent overnight. The Chinese Market up 1. 6 . The nikkei closed for a holiday. Cheryl over in europe, the markets had a snapback yesterday, 818 billion infusion that went into the eurozone helped sentiment and the sentiment is picking up again today. The ftse is up almost 3 . The cac is up 5 . The dax is up almost 5 andahalf percent. And right now, President Trump is working hand in hand with the fda for a breakthrough treatment to fight the pandemic. On capitol hill, negotiations are taking place on phase three of the coronavirus bill. Lauren its all about speed. Griff jenkins is in washington with where the response efforts stand this morning. Griff, good morning to you. Reporter good morning, lauren and cheryl. The president is directed the fda to fast track Clinical Trials on drugs showing promise, in particular, the malaria drug, chloroquine, for the virus. The safety level we understand very well. Its been relatively safe. And it showed very encouraging early results. Really encouraging. Reporter the fda commissioner who will now aggressively pursue it also notes that its important not to provide false hope to anyone. Meanwhile, all eyes right here on capitol hill, debate on phase three of the Economic Relief bill called the cares act kicks off in the senate. Its a trillion dollar plus package bringing direct financial help for americans, Small Businesses and employees and healthcare professionals. Heres how the payments will break down. It would be 1200 to adults or 2400 to couples, plus 500 per child. However, there would be income caps, 99,000 per individual or 198,000 per couple. It also has billions for big businesses in Industries Like the airlines. Chuck schumer says hes got concerned that have been left out of the drafting and worries it doesnt go far enough for workers but Mitch Mcconnell says its simply time to act. All republican senators, whether part of this group that i mentioned or not, have been asked to stay in town. Were here. Were ready to act. We have to put the workers first. We dont want these industries to go under but we certainly dont want the dollars that are put there to go to Corporate Executives or shareholders. Reporter sources tell fox news the white house will descend on the hill today to push quickly to get this bill into a final legislative form which can pass both chambers of congress because there is a sense in washington that this needs to happen by monday and they dont want another day of these tumbling markets. Lauren, cheryl. Lauren griff jenkins, thank you very much. We want to point out as lawmakers are working to provide relief from the outbreak, two are facing criticism. According to reports, senator richard burr and senator Kelly Loffler sold massive amounts of stock leading up to the coronavirus outbreak. Cheryl burr is accused of selling on what information, we dont know. He was ordering a small group of constituents to do the same. Loffler sold off millions in stocks after getting a private briefing. Lauren the state department issued the highest travel warning, telling americans overseas come home or stay put. It comes as italy reports more coronavirus deaths than china. Cheryl weve got tra trey yint is live for us in jerusalem. Reporter theres a lot a happening all around the world. The u. S. State department is asking all americans who are currently traveling abroad to return home immediately or potentially get stuck wherever theyre at. This as the coronavirus does continue to spread around the world and overnight the global death toll did reach 10,000. In italy, more than 3,000 people have died. The exact number just over 3,400, actually putting the italians above the chinese when it comes to the death toll, since this outbreak first began. Theres been such a rapid increase in fatalities that italian authorities called in the military to move bodies from hospitals and homes to morgues and cemeteries. In china, life appears to be returning to normal. The Chinese Government reported 39 new cases on thursday and reports indicate the entire country has under 7,000 active case was more than 70,000 people having recovered. No new cases are reported in the wuhan province where the outbreak started. Images Shows Chinese civilians being released from the hospital. There are questions arising about how honest the government is being regarding the number of positive infections. In israel, Benjamin Netanyahu issued a state of emergency. The entire population is ordered to stay home or face heavy fines by police. Israeli researchers are reportedly using Artificial Intelligence technology to try to develop new testing methods for coronavirus. This as the entire world is trying to come together to look for solutions. We do know the americans do continue to take precautions. The white house announcing overnight that President Trump will no longer be hosting g7 leaders at camp david in june. This is going to be a teleconference. Lauren, cheryl. Cheryl i wanted to ask you, is Benjamin Netanyahu and the government there, even though its a little messy right now, are they working with u. S. Lawmakers in particular for generic drug protection. At the. Veronicateva pharmaceuticals is. Reporter there are Many Companies that have been working and discussing these issues with manufactures in the United States. Weve seen a number of developments and a lot of pr releases, many of these companies do want to inform the public about some of the strides they are making when it comes to vaccines and other things regarding the coronavirus. But they are certainly trying to make some of that progress and staying in touch with american authorities and companies to ensure that if there is any sort of progress being made, there can be some sort of collaboration moving forward so that this vaccine or any of the Technological Developments can be shared with the american as well. Cheryl its an Amazing Group of scientists right there where you are. Trey, thank you very much. Lauren as we try to find treatments and a vaccine, state leaders are begging americans to stay at home at more than 14,000 people test positive for the coronavirus here in the u. S. , despite empty streets that were seeing, closed down restaurants and bars, the virus does continue to spread. Cheryl ashley shirlmeyer has more on this. Reporter states all across the nation are taking extreme measures, as predictions of how this virus will play out if the measures arent taken. More than 14,200 cases have been confirmed and 205 deaths. Californias governor says he thinks nearly half of the state of california will be infected with this virus within a couple months, this is if a newly enacted stay at home order is not obeyed. Theres a mutuality and recognition of interdependence that requires of this moment that we direct a statewide order for people to stay at home. We are confident that the people in the state of california will abide by it. Reporter in texas, Governor Greg Abbott is taking drastic measures to slow the virus down. The state will be under a Public Health disaster declaration, meaning bars, restaurants and gyms all across the state will be closed. Streets in the city that never sleeps expected to get emptier. Andrew cuomo demanding businesses cut down on employees leaving their homes as numbers skyrocket in the state. The numbers have gone up overnight. No more than 25 of people can be in the workforce, as a mandate, 75 of your Employee Base must work from home. Reporter but its been a back and forth between Governor Cuomo and new york city mayor bill de blasio. De blasio mentioned the possibility of a shelter in place for the big apple but cuomo says he has no plan to quarantine any city. New york accounts for 40 of all cases nationwide. The state is asking for 15,000 ventilators, 3 million masks, 5 50 million surge surgical masksd millions of gowns and gloves. Now the state of washington has added phen funerals to the listf social gatherings, meaning they will be banned for the time being. Lauren ashley, thank you very much. The state Department Taking unpress deputied action unpresprecedented action, callin americans not to travel overseas and return home if possible. Its a level four travel advisory, this comes as the Trump Administration works to control the spread of the coronavirus. The advisory means americans who are abroad right now might have to remain outside the u. S. For a, quote, indefinite timeframe. Cheryl well, the Federal Reserve is stepping up Government Bond purchases to help support the economy during the coronavirus pandemic. The central bank bought 150 billion in securities yesterday. Theyre going to purchase another 150 billion worth today. Theyre really backstopping that money market industry, we should say. The fed announced it would buy 500 billion in Government Debt over the weekend. Additional purchases are expected to help calm the financial markets, lauren, its all about that stimulus. Lauren all about stimulus and liquid at this. Ford is liquidity. Ford is giving incentives for people to buy a car during the coronavirus outbreak. The company says it will cover three months of your loan, your loan payments, while offering athome car delivery and pickup service. A shortage of medical supplies as we have been discussing has u. S. Automakers ready to convert their factories into medical assembly lines. Ford and General Motors are in talks with the white house right now about the possibility of building ventilators and other respiratory equipment as the virus continues to spread. Cheryl the move comes as President Trump says hes going to invoke the defense production act which would allow the administration to order industry giants to manufacture critical medical equipment thats in short supply and teslas ceo, elon musk, tweeted hes ready to help make ventilators and bill de blasio is ready to take him up on the offer. De blasio tweeted new york city is buying. We need ventilators asap. We could use your help. We are reaching out to you directly. Lauren, good news, lets take it, right . Lauren ill take it. I like how everybody seems to be coming together right now to help out, cheryl. Cheryl weve got green arrows to show our viewers today. We could be limit up in the futures market. That is an okay problem to have after this week. The dow is up 886. S p is up 95 and a quarter, nasdaq is up 355. Could we possibly have two days of gains . Lauren oh, wow. Cheryl wouldnt that be great. Lauren imagine that. When you look at the numbers for the week, theyre pretty dismal. Cheryl the nyse will be closing the Trading Floor on monday. What does that mean for the way the market actually works . Were going to talk about it. Lauren prisons might begin releasing inmates because of the coronavirus outbreak. Should you be worried about that . Keep it here on fbn a. M. Lauren good friday morning. Now to headlines making news this morning. Boeing is considering temporarily halting production for a deep cleaning at its jet factories in Washington State and south carolina. The plane maker has so far committed to keeping production lines open amid the coronavirus even as european rival airbus announced plans to suspend operations in france and spain for four days. Take a look at this, though. Shares of boeing have cratered over the past year. The stock is down 73 . Shares are now trading at 97. Well, with the coronavirus forcing Many Americans to work from home, the Tech Industry is getting a major boost. Microsoft has more than doubled daily active users on the teams conferencing app. Seeing a 37 jump since the outbreak of the virus. Slack says its added 7,000 new customers in the last seven weeks alone and they are paying customers. And if you are looking for a new job, dominos is hiring 10,000 workers in response to growing demand for pizza amid the coronavirus quarantine with many restaurants and bars shut down, Food Delivery Services is certainly heating up. Shares of dominos got a boost, they closed up 11 yesterday and theyre up another 2 at 330 a share right now in the premarket. Cheryl theres a few stocks were watching right now. Its not bad news. First, lets talk about stocks in asia and europe. They posted sharp gains today after the brutal week on wall street, all of this on the heels of the pandemic. But is the Federal Reserves intervention in the markets going to maybe start to pay off . Lets bring in steven gilflow, a wall street veteran. We call you sarge. Good morning, sir. Good morning, cheryl. Cheryl good to talk to you. Usually youre a calming voice in all of this. Lets start with your home, the New York Stock Exchange floor, closing temporarily to physical trading. Do you think theres going to be a disruption because of this . Well, the retail level for a lot of viewers right now, no. If they already dont know whether a stock trades the nasdaq or New York Stock Exchange, i dont think theyll see any change that would impact their lives. As for the institutional investor, the large funds, some of them do count on the opening and closing auctions that are conducted by human beings at the New York Stock Exchange. So there could be maybe some awkwardness on monday until theres some getting used to it. I do think there is definitely still a demand for the services that the floor brokers provide, of course im biased. Cheryl sure. But i do believe that this will be temporary. I dont know how long it will be, but this will be temporary and the need for what those fellows on the floor do is still there. Cheryl Federal Reserve, unprecedented stimulus this week. I dont want to jinks anything. At this point, this could be a second straight day of gains. What signal do you need to tell you that we have reached the end of this selling spree for markets . From a macro point of view we need to know the economy has stopped getting worse and thats not going to happen for a while. Im not going to trust the bottom for quite some time. The fed has done all the right thing, from quantitative easing which will have to get larger, thats a fact of life, to easing commercial papers, primary bond dealers, the fed is being aggressive and doing all the right things. Now we need to see the fiscal package which will probably be the first of at least two. But we need to see the house democrats, the Senate Republicans and Administration Come together and i believe they will because there is a sense of urgency among them. That will help from a financial perspective. Thats not really a fiscal stimulus package, thats a fiscal support package. We see the initial jobless claims, its going to frighten people. There needs to be support for the household, support for Small Businesses and support for so many industries. Cheryl were warning our viewers about that initial jobless claims report next week. I think if we all prepare for it, were going to be okay. You talk about three groups of stocks, the rebound group, the Revenue Group and then the virus group. In the virus group you talk bout clorox, regeneron, campbells soup, and youve got the nations food suppliers that are working in overdrive, whether its tyson, sanderson farms, to stock up grocery shelves. Dont you look for opportunity in those groups . Well, yes. The thing with the food supply, this is so important right now. How many of us have gone to the Grocery Store in the last few days for our families. Otherwise, we w should be limitg contact with the human race. Apparently theres enough food in the country but it was meant for restaurants. Now its headed to the Grocery Stores and the other challenge for the whole industry is maintaining the health of their labor supply, from the people working in the farms, all the way to transportation. No one is more important than our Truck Drivers right now. You mentioned my three groups. Ill tell you flatout, the only group thats working is the virus group. Rebound group has been a disaster, Revenue Group is not performing as well as which have liked either. Cheryl we look at this as investors, youve got to follow the smart money and thats you. Sarge, tha