Americans . Markets this morning are pointing to a lower opening this morning. Take a look at average with Dow Jones Industrial average down 528 points. Nasdaq lower by 78. Dow up 1,151 points. S p yesterday up 154 on wall street. Plus the president speaking with chinas xi jinping overnight. The two countries are working together closely to fight against the pandemic. Next hour eli lilly ceo will be here on drug supply chain and how dependent some companies are still on china plus dr. Oz is here on vaccines and growing concerns about children getting the virus now. Plus americas biggest music stars coming together to help raise money for victims and First Responders. The eye heart living concert presented by fox, and air live including fox business, join us for jellon john, billy eilish and many others taking part in charity event. Mornings with maria live right now. Lets check Global Markets. European leaders still unable to agree to join together to fight spread of coronavirus and Economic Impact. In asia overnight, they were higher followed the rally yesterday. Strongly rally, really carried over japan, best performer 3 and a half percent on nikkei average, posting weekly gain ever. More economic bad news out of china. Profits in industrial firms plummeting to lowers level in decade. Let Check Oil Prices this morning rising after plunging better than 7 yesterday on demand concerns. Oil prices at 22. 67 a barrel. Interest rates, the yield on the 10year treasury falling for a second day in a row. The 10year now down better than 8 basis points sitting at level of. 771 . More cases of coronavirus in the United States than any place in the world. 86,000 have covid19 as questions being raised about the death toll in china. Many are skeptical of beijings tally and, of course, the efforts to coverup the outbreak when it fist began in china. In the u. S. Texas and rhode island warning florida, issuing mandates that anybody traveling to those states from new york from the tri state area must selfquarantine for 14 days. Both states following guidance from the white house. New york city meanwhile reporting at least 84 deaths. 365 deaths in new york. Worries about louisiana meanwhile cases there skyrocketing in just a day amid fears of people celebrating mardi gras may have brought to coronavirus to new orleans, concerns that it could be the next u. S. Epicenter. New orleans quarterback donating 5 million for outbreak. The money will provide more than 10,000 feels every day for those in need. Well, the house expected to vote today on 2 trilliondollar covid19 package to help millions of americans struggling get by. President trump weighed in yesterday warning one member of congress could hold out and delay a payout. The house of representatives must now pass this bill, hopefully without delay. I think its got tremendous support. If youre 96 to nothing and average worker has his or her lost will receive 100 salary up to 4 full months. These are things that, by the way, we have plenty more to go. It could be one vote, one vote, one grandstander, maybe, you might have a one grandstander and for that itll take more time. Itll pass but just take longer. Lets see if we have a grandstander. Maria one grandstander, joining us the conversation Dagen Mcdowell, lee carter, Jon Hilsenrath. Dagen lets name the grandstander shall we . Suggested that he might object to allowing the bill to pass by voice vote. Let me explain that to avoid the use of fourletter words i would like to use in this instance. The voice vote is verbal exercise in which those in favor shout yes and oppose nay. The largest side fails. This doesnt require all members to be present. If the house does not have a quorum, 216 members there, one lawmaker can object to a quorum not being present and the lawmaker could also have roll call vote. The house is rushing to get 216 members back to washington potentially but, again, this individual, tomas masse, i want everybody to know hes spitting on millions of american who is overnight lost their jobs and i hope that people never forget that if he throws a wrench into this. Maria lets talk about what problems he has with the bill, dagen. What is the issue, is it too money money thrown in the economy. He does he not understand what is taking place with Small Business. Dagen he wants everybody to be on the record. Theres something for everybody to hate with this. I dont argue with that, but, again, the businesses shut down because of no fault of their own, millions of americans out of work because no fault of their own, whether you can find things to love and hate in this, it doesnt matter, it also sends 450 billion to the treasury to back up 4 and a half trillion dollars in loans through the Federal Reserve, please lets not forget that. Maria yeah, good point. Lets take a look at markets for a second because futures are pointing to lower open. Volatility has been wild after investors, of course, saw a bounceback yesterday. The dow 3day gains pushing back to bull market territory after 11 days in bear market. Jon hilsenrath, weigh in here. You heard Steven Mnuchin this week, he will join me again this morning, your reaction to this pushback by mr. Masse as well as market volatility . Jon well, i dont want to give a grandstander attention. I will go past that. I would like to talk about the markets. You know, we will see a lot of volatility in the stock market in the days and weeks ahead. I think whats really important and dagen will love hearing me say this is watching the credit markets as opposed to the stock market. This economy and the financial economy is built cash flow. Household need income as the same Way Companies need income and cash flows to pay debts and bills and we have to look at the credit markets to see how they are adjusting to this crisis in cash flow that we are seeing. Are Companies Going to miss payments, bond payments . Maria youre right. Jon im looking very carefully at bank stocks,backs are under any pressure as a result of cash flow crunch that we are hitting, i think that would be an important signal of the way this things is going. The other thing that is really going to dictate the way the market goes is the curve of the coronavirus itself. You know, its very troubling to see how we are rocketing up to be the most infected country in the world. We have to bend that curve before any of this gets back to normal. Maria do you think the president could encourage some sectors of the economy getting back to work sooner than others, jon, because earlier this week there was a huge call to shut down the whole economy. We heard it here from steve bannon, we heard it from bill atman and bill joy had a similar narrative and the president saying not going that way at all. Look, there are areas that we could see more activity, Economic Activity will start and do you think thats realistic . Jon no, actually i dont and i will tell you why. We have a whole nation thats responding to this. We have mayors of cities that are responding to this with their own shutdowns. We have governors of states that are responding to this with their own shutdowns. We have businesses that are responding to this. The wall street journal, you know, 2 weeks ago said to our employees, you have to work from home to protect each other. You have individuals selfisolating so even if the president maria theyll go to different areas in startup, yeah. Jon we are not all going to do it overnight so there will be an make stock here. Theres no escaping it. Dagen maria, i want to point out that the governor of new york andrew cuomo is also talking about this, trying to discuss the steps by which some people would be able to return to work. Listen, we are probably 2 or 3 weeks away from the peak in coronavirus cases here in new york city, but hospitals are swamped, nevertheless we need to have testing in place which is an Antibody Test to show people who have built antibodies against the virus. People who have had them. Thats one of the things that we ought to be paying close attention to here. They need to test people to make sure youre okay to get back in the workforce. Maria lee, jump in here. Lee people are afraid of getting back to work. I think that any suggestion that any politician is making right now that its time to go back to work, that we should change the course is going to be met with a lot of skepticism about people saying that we are putting profits before people. Jon can i throw a question out to lee, do we have time . Jon i want to see how the American Public is responding to this. I would like to know what the polls are saying about response responses. Maria as an observer, the American People followed instructions quite well, didnt they . Lee whats surprising the president s approval numbers are up. The other thats amazing is how popular Governor Cuomo is. They want, strong, clear leadership right now and thats what this is all about. Maria they sure do. They got it from the boys from queens, President Trump and Governor Cuomo, both from queens. I love it. Short break, when we come back a lot coming up this morning, coming up this hour the chairwoman of rnc Rona Mcdaniel on the president s approval. Find out how the economy is looking at stimulus package as well. Plus the ceo of premier, susan devore on new survey on hospital supplies and then at 7 00 a. M. The ceo of eli lilly, dave ricks to treat coronavirus. Dr. Oz talking about antimalaria President Trump, how the Younger Generation is affected by coronavirus. Plus congressman greg walden talking todays house vote on coronavirus stimulus package and at 8 00 a. M. Block rock chief Investment Officer rick talking bounceback and treasury secretary mnuchin will talk about stimulus package. Dont miss a moment of it. We have a big show this morning and we will be right back. Is faced with adversity, we find a way to get through it. Its not about taking care of ourselves, but taking care of each other. Checking on our neighbors. Lending a hand where we can. And just being there. Its the sum of the small parts that make a big difference. To help you get through this, we promise to do ours. Were offering chevy owners complimentary onstar crisis assist services and wifi data to help keep you connected to the things that matter most. And, if you need help with your current vehicle account, were here. 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Maria welcome back, futures pointing to a decline at the start of trading, take a look, we are expecting decline of better than 500 points this morning. Dow down 69 and s p lower by 65, the dow industrials officially entering bull market territory yesterday as investors await the house of representatives vote on 2 trilliondollar stimulus bill, thats expected later today. Joining me right now savage Point Investment adviser chief Investment Officer wayne wicker, how do you invest in a company thats up yesterday and down today . This is a market where its challenging to be a day tradeer. Its certainly going to be a challenge over the next few weeks for those who are trying to find entry points or exit points. I think its best to really focus on a 12month rise at the juncture. Maria Jon Hilsenrath, jump in. Jon seems to me that banks are an important part of the story right now especially small banks because, you know, a lot of Small Businesses are dealing with cash flow problems with the economy . On the other hand, its going to be imperative for the government to make sure that some of the Smaller Banks are available for Small Businesses as physical aid is out later this year. Are they going to play an Important Role and facilitate the recovery once we get past health scare, i think. Maria yeah, lets talk about the fed for a moment. The Federal Reserves Balance Sheet surging. It is now bigger than 5 trillion, first time essential bank moves for coronavirus impact. Balance sheet by half a trillion dollars, does it bother you that the fed is with Balance Sheet once again . I think like the market im going to be excited to see the fact that the United States government is going to be so supported of the American Economy and laying the bridge right now, correct . We have to get through the health scare first and once we do that, that would be positive bridge in order to help American Businesses moving forward. Maria as you get through the health scare and we all get through the health scare, are you standing on the sidelines raising cash or looking for opportunities in equities . Well, i think that at this juncture and we have a little bit of cash in some of our funds. Weve had a bit of a buffer, we felt that the volatility here is going to be something that we are going to be living with for a while simply because of the uncertainty of where the coronavirus ultimately lands. I think that over a longer period of time investors have the ability to find some great fundamental opportunities today at about 20 less than they were paying a month ago. Maria wayne, good to have you on the program this morning, thanks so much. Thanks, maria. Maria we will see you soon, wayne wicker. Cruise line industry not part of stimulus package, we will tell you why coming up. Performance matchedattachments. You need the 1 selling compact tractor for a decade. The kubota l series tractors. 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. Ask your doctor about an advancement in prescription therapies with proven protection. Visit truetoyourheart. Com has you covered withe fast, reliable internet. Finity with advanced security to help keep you secure online. And with the most tv shows, movies and streaming apps all in one place. With simple Digital Tools you can get the help you need or even trouble shoot your services on your own. Download the xfinity my account app or just say help into your xfinity voice remote. We are working to make things a little easier on everyone. Download the xfinity my account app today. 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. Maria welcome back, so Cruise Companies getting no help from the federal government. The battered industry failing to qualify for 500 billion as part of covid19 stimulus package. To get the money, the company must be in the United States and most cruise lines are overseas to skirt american taxes and laws. President trump commented about this yesterday. I do like the concept of perhaps coming in and registering here, coming into the United States. Its tough to make a loan to a company when they are based on a different company. With that being said, they have thousands and thousands of people that work there and maybe almost as importantly that work on shore filling the ships with goods and products and the cruise line business is very important. Maria very important but, dagen, the companies have had their headquarters overseas for decades enabling them to pretty much skirt any u. S. Taxes. Dagen right, and the workers who have lived in the United States will get help from this rescue package in the form of enhanced expanded Unemployment Benefits even checks directly from the federal government if you meet certain income there shall hold. So, no, youre not here in the United States and you dont get a bailout from u. S. Taxpayers number 1, number 2, in relation to the airlines, yes, because the Airlines Want 25 billion in grants in exchange for that, you will hand over stock because whats going on . The cruise ships and the airlines have totally shown a complete inability to managing the risk of their business. In cruises, the risk are viruses on the ships, the nora virus is on ships every year on ships every year. The airlines, they have bailed out after 911, delta went bankrupt a few years later. They spent billions of doll