Indication of yesterdays rally. Dow futures up 121 points. Thats half 1 , s p futures up 13 and nasdaq up 24. Dow on track for worst quarter since 1987, s p 500 having worst quarter since 2008. Speaker nancy pelosi looking for a phase 4 coronavirus package calling for Infrastructure Spending now and more money sent directly to americans. Major retailers furloughing staff as Stores Remain closed, macys, stores, the gap, cutting payroll impacts hundreds of workers. Unemployment rate could top 32 . Mornings with maria live right now. We want to check Global Market this is morning. Last day of the First Quarter in europe, green across the board. Dax index in germany higher by 200 points. World Health Organization says there are signs the coronavirus may be approaching a peak in europe. In asia meanwhile markets were mixed, take a look at the numbers on asian markets, best performer there korea up better than 2 although japan was down 1 . China says factory activity is growing, purchasing Managers Index coming stronger than expected at 52. That does indicate expansion. Economists were expecting a contraction. In Hong Kong Retail sales took a record 44 dive in the month of february. Meanwhile lets Check Oil Prices rising from 18year low at President Trump spoke with russian president Vladimir Putin, agreed to have top Energy Officials to stabilize Energy Markets as well as drop in demand led to steep slide in prices. Up 122 a barrel. Checking Interest Rates, 10year treasury, yield having largest First Quarter decline since 2008 and on this the final day of the quarter down 3 basis points. 693 on the 10year. Global markets on track for worst quarter since 2008 in the financial crisis but markets closed on positive note yesterday as Companies Announced advancement in coronavirus testing. Johnson johnson made progress on vaccine for the virus. I will be talking with j j ceo at the 7 00 a. M. Hour. Joining the conversation fox business Dagen Mcdowell, Fox News Contributor scott martin and ubs wealth adviser allie mccarthy. Good to see everybody. Scott good morning. Dagen good morning. Maria it was the worst quarters on record for markets but do we have any indications of what the Second Quarter and the Third Quarter may mean for markets given contraction in the Second Quarter. Im not sure that we do yet. Weve had a few Companies Come forward with guidance and those companies have sort of used their experience in china and Southeast Asia to begin to forecast what the u. S. Looks like. I think thats part of the issue, the most convincing numbers that ive heard so far are valuations based off of last year. Those numbers are never as accurate or as interesting to the street as next year so i think thats part of whats surprising me about the rally that we seem to have turned optimistic from both fundamental analysis and technical perspective without necessarily having any data to price in that would support that. Maria the president says he will lay out decision to extend social distancing guidelines. We will see what the president says, but we are expecting data to come out today, right . Dagen right. The problem with companies forecasting china using to forecast the United States, the problem is that we arent fighting the way that china is. We cant trust the data out of china number 1, number 2, they can just shut down giant parts of the country and the communist country bears the losses. Its very different in the United States. Any data that we are looking at economically is juiceless quite frankly. We have the jobless data, the jobs numbers coming out on friday, Unemployment Rate, those surveys were taken during pay period that include the 12th day of the month. Thats march. New york has only been shut down completely a little more than a week, so this is rapidly changing. You mentioned the macys layoffs, the gap layoffs, the question that no one can answer right now is how many of these jobs will be destroyed permanently on the other side of this. How many of them will go away forever and no one frankly knows. Maria yeah, its a crossappeal unknown in terms of the jobless rates which is why youve got the dire prediction that is we could see Unemployment Rate of 32 . The president spoke at the white house yesterday. He says that the coronavirus guidelines could get tougher as the country combats the illness, watch this. The guidelines will be very much what they are or even tougher a little bit. They are having tremendous impact. Some parts of the country that are in far deeper trouble than others. There are other parts that frankly are not in trouble at all, hopefully we would be able to keep it that way by doing what we are doing. Maria yesterday, maryland, virginia and washington, d. C. Joined more than 30 states enacting stay at home orders. Mayor of washington, d. C. Going so far to threaten jail time and 5,000dollar fine if residents leave their home during the coronavirus outbreak. Scott, these are some serious guidelines here and they are being met with true accountability. Scott yeah, lets hope so, maria, some of the threats are certainly rather large, now whether they follow through with them, we will see. They said the same things in illinois. Ive been around the city a little bit for some necessities and with respect to enforcement, i i would like to see them step it up. I think a lot of the bigger cities need to be doing the same thing if we are all in the same page to fight the virus. Dagen maria maria go ahead. Dagen i was going to add one thing that this ultimately falls on the states and the governors to make decisions about that and look at florida and florida avoiding coronavirus lockdown and avoided imposing a statewide stay at home order focusing on the hardest hit counties and then trying to spare other counties. The wall street journal has written about this extensively but people can cross county lines, so is this the right strategy . Is really too soon to tell whether this is going to work or not. Maria yeah, thats the point bill joy made on this program last week along with steve bannon, along be bill atman, you cant close pockets of the country and leave others people because some people in those pockets of the country that are closed will go to open ones and then there you go, alli, points, thats a severe situation given the fact that its already quite severe with the large city shut down, but thats the feeling. Bill joy keeps writing about it every day that we are doing the wrong thing in terms of having some areas still open. Alli and i think that with, you know, one of the things again surprising me what we have seen in the markets, this sort of low volume is that a lot of the tensions are getting more significant and not less. The tension that youre alluding to between total shut down and humanitarian shutter in place please and the tension that we have that would solidify on sunday night economists and Public Health officials on the other hand and i think we are going to start to see the more represented in the market as we begin to see, for example, some really dire data that started coming out yesterday from the kansas fed and i think will continue this week with unemployment, et cetera. Dagen just one thing up to the governors really to manage the Public Health of their own states. The Supreme Court has ruled that way. The tenth amendment. The governors with that kind of power. I think you might get pushback from governors of certain states that are rural that dont have problem and so g en, thats an issue of federal power and deserves a legal discussion for people who are calling for a lockdown nationwide. Maria yeah, youre getting the pushback for sure. Maria latest on coronavirus and the numbers, more than 787,000 cases of covid19 confirmed across the world. Death toll at nearly 38,000 right now. Here at home there are more than 164,000 cases, over 3,000 deaths so far. That accounts for 8 of deaths worldwide. The white house announcing that 1 million americans have been tested for the coronavirus. President trump showed off a rapid test from avid laboratories that can give results in just 5 minutes. The company said it would launch the test next week in urgent care facilities. President trump is also calling for patients as hes extends social distancing guidelines for one more month. The guidelines as they are or toughen up a little bit. They are having tremendous impact and thats the key. Maria experts are warning that the next 30 days could dramatically change the virus outcome. Dr. Anthony fauci says we could have another wave of coronavirus outbreak this fall and added that it would be a totally different ball game because of the countrys ability to test for for the virus and antivirals. New york city epicenter of pandemic, much needed help, usns comfort arrived in new york harbor yesterday, serving noncoronavirus patients so hospitals can better help those with the illness. 1,000 beds, 80 intensive boards and 12 operating rooms on board. Hospitals at a breaking point. Many new yorkers broke social distancing to welcome the comfort. Bill de blasio warned those who do not follow the rules can face up to 500. More than 1300 people have died statewide from this virus. Ford and Ge Healthcare teaming up to make 50,000 ventilators in the next 10 days to treat covid19 patients. Gm is also helps production. Production will take place at plant in michigan starting april 20th. 15 hunt ventilators are expected by the end of april to meet critical shortage of devices. The ventilators will be made by 500 member it was United Auto Workers union. Theres a look at the stocks this morning and you can see they are up. We are just Getting Started this morning. A lot to come, coming up in 7 00 a. M. Hour north dakota senator cell phone cramer on coronavirus response. Ceo of Johnson Johnson is here on potential vaccine and plus 8 00 a. M. Hour join us with florida senator marco rubio this morning on chinas role in coronavirus outbreak. Equity strategist bob dole and member and chairman ken langone on response to the pandemic. All that coming up. Last day of trading today for First Quarter. We are looking at markets as stocks finish up. We are back at 2minutes time. Stay with us. Maria welcome back, market this is morning on upswing heading into the last trading day of the quarter. This morning and the month the dow futures are up 84 points as you can see s p futures up 8 and a half and the nasdaq up 58 as we close the books on what is expected to be historically a bad quarter but we know that it is among the worst, global stocks to log worst quarter since 2008 in the financial crisis as coronavirus pandemic sends markets sliding this quarter. Joining us now mahone Asset Management ken mahoney. Do you think theres any clarity for investors as they try to allocate money. We know that there was no clarity in First Quarter, no surprise that we are seeing as weak a quarter as it has been. Its more weakening data and thats what we are trying to figure out here between stimulus and which one will win. Federal reserve trying to push cushion here as well but the uncertainty is going to continue and its hard to believe its march 31st, maria, its been a long month. How does that play into your models in terms of markets and investing . Ken we believe theres a two testify tier markets, retailers, travel, you will get areas, oil, look, the leadership going into before coronavirus was that technology and now coming out of this with all the use of technology from zoom, Video Conferencing to cloud to everything else. I still think its going to come out of this. Its going to be really important to get through this year to have strong Balance Sheets and tune this in and right now we are trimming up positions, waiting and picking through and looking at technologies and try to stay away from all the other areas. Maria alli, what about that, how are you investing today given the fact that ken makes a great point, some of the Balance Sheets are very strong and yet they are throwing the baby out with the bath water and selling everything in some corners of the sectors . Alli yeah, a lot of that you see because 40 of buybacks happens through etfs, some are specific, for example, what has just been said to technology, but a lot of them are broad markets so theres a lot of throwing out the baby in the bath water but we still have risk on the u. S. , they are exactly in the sectors and in the companies that have fortress Balance Sheets that will be the winners Going Forward, high dividend payers, consumer goods focus and things that are focused on trends that we see in the future, all of the these kinds changing work from home, clean energy, age tech i think is going to be a big beneficiary of what we are seeing now but yet you have to stay strong and even though the market is being indiscriminate about what it buys and sells, our clients and our Portfolio Managers need to be very, very specific. Maria so ken, real quick, you said you were selling into some strength, does that mean youll be selling till the rest of the year here . Ken now you drive and you see 20 yards in front of you. Just go for single not try to be a hero here. Do quick flips when we have oversold selloffs and buy technology and sell into rallies and try to create and thats all we are going to do, singles here. Maria ken, thank you so much for weighing in, ken mahoney, retail reacting, macys and the gap taking drastic steps as they struggle amid the virus pandemic, thats coming up next. Stay with us. Maria welcome back. Furloughing workers. Macys, gap, kohls, l brands that own Victoria Secret and Parent Company of anne tailor. 47 Million People could lose their jobs. We are talking about this now with the panel and, dagen, i dont know, im looking at this list here and there are questions about whether or not some of these companies will make it through here. Do you think some of these companies some of the Companies May not come out of this. Dagen they may not. Restaurants, we talked about this yesterday have lost 25 billion in sales since march the first. 20 billion in Monthly Retail real estate loans that are due this week. 50,000 at least stores are being closed. But the bright side in 3 weeks literally the federal government has come in with 3 big, bigger, biggest stimulus packages and the Unemployment Benefits that have been extended to individuals are going to be critical in making sure that people, individuals get out on the other side of this with the extra money that they are getting every week, extra 600 a week for 4 months. Thats critical and then also one part thats overlooked. The Big Companies have the Federal Reserve helping with their new lending facilities but these Small Businesses, the sba loan program, 350 billion and 3 trilliondollar stimulus, you can go to your lender and apply for one of these. Its not just a loan, its a grant. So its a lot of good thats going onto make sure these businesses survive. Maria and Steven Mnuchin on the program last week told us that the lending facilities will be open this friday. Alli mccartney, how do you look at retail given the alli this is really evidencing the existing trends in the market and clearing away for that pattern to continue. The other thing i would say here to dagens point is. I think you have to understand the magnitude of what the federal and fiscal government has done. Just the one program that is not even been really talked about this morning yet or tapped the Emergency Stabilization Fund for the fed is, you know, 500 million itself and levered 5 to 10 times. We are talking about a fed rate that has the power to mobilize and close to a third of the u. S. Annual gdp, so there is money going into the system. The question is how long does it keep us afloat and what comes next. Maria yeah, we talked about that yesterday in terms of the relative size of the gdp. Its actually extraordinary the amount of stimulus. We will take a break, when we come back, yeah, coronavirus returning, the warning from americas leading doctor on covid19 battle. What we could expect in the fall. Stay with us. 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. Maria welcome back good Tuesday Morning. March 31st, final day of First Quarter. Meanwhile markets this morning are extending yesterdays rally, we are looking at a firmer tone at the start of trading, well off of the highs in the morning and see