The last 20 minutes or so. Nasdaq is down 33 and 3 quarters. Now these numbers coming after signs of the spread to have virus stabilized in hot spots. That led to strong rally yesterday. Here at the close yesterday, the dow gaining and s p entering bull market. U. S. Death toll topping 14,080 but there are signs that the spread is slowing in hot spots. The cdc issued guidelines to get to workers. The Trump Administration requesting 250 billion, democrats want additional 50 billion. Fed chair jay powell will be giving us an update on the economy and actions taken to combat the impact of the virus, thats today 10 00 a. M. Eastern time. More to expect from the fed. The today is a big day for oil. We are watching the contract right now. Its up almost 5 and a half percent. The investors are watching the opec meeting including saudi arabia and russia, can they come to an agreement . All rising on hopes of a deal to cut production and bring an end to the costly priced war. And then there was one, senator Bernie Sanders dropping out of the president ial race leaving former Vice President biden the Presumptive Democratic nominee to go against President Donald Trump. Mornings with maria is live right now. Cheryl check out Global Action over to europe. Ftse higher by 24 points. Dax index almost higher by half a percentage as you can see. Theres optimism growing that the spread of the virus might be slowing down. Meanwhile uk Prime MinisterBoris Johnson remains in intensive care as hes battling the coronavirus but his condition reportedly is improving this morning. Take a look at asian markets. Mostly higher as you can see across the board except for japans nikkei down slightly, just a fraction of a percent. Headlines we are watching for you this morning. Isis claiming responsibility for rocket attack on american troops overnight. 5 rockets were fired at air base in afghanistan, militarys largest base in that country. No troops were hurt. The atalk coming amid peace talks between afghan officials. New york saw the deadliest days since coronavirus, 779 deaths were reported as the federal stockpile for protective equipment is nearly depleted. 90 of items like masks, face shields to protect clothing have been sent to hot spots like new york. The other 10 has been saved for federal healthcare workers. Positive news coming from the cdc. Officials say that essential workers like those in health care and food supply who have been exposed to covid19 that are not showing symptoms can return to work. Cdc says that workers should check temperature before heading to work, wear face mask and practice social distancing. More positive news this morning, nearly 24,000 people have now recovered from the virus in this country so far. Well, Bernie Sanders out of the race making joe biden the presumptive 2020 democratic nominee. The vermont senator was once a front runner for the new mexico nation but the momentum shifted on super tuesday, sanders congratulated biden stopped short of endorsing him. In fact, sanders is still going to collect delegates in primary races in an effort to influence the partys platform no doubt. Disney plus reaching a milestone, nearly 50 million subscribed to service. Higher by more than 6 and a quarter percent. Well, markets are looking to keep up the momentum this morning. Again, we are looking at futures, the dow has actually now gotten into positive territory for the futures market. Right now the dow higher by 25 points, s p and the nasdaq quietly lower but the dow closed 23,000 for the First Time Since march 13th yesterday. The s p entered a bull market, exited. President trump offering some hope for the American Economy. It would be nice to be able to open with a big bang and open up our country, mostly the country. I would say we are ahead of schedule. You late to say that too loudly because all of a sudden things to dont happen. I think sooner rather than later. Managing partner ted oakley. Good morning. Good morning, cheryl. Cheryl i have maslansky partners president lee carter, good morning to lee. Former strategist president madie and Stephen Moore, good morning to all of you. Ted, i want to kick off a discussion with you, we are looking at a market who is trying to recover but its all about the economy. We have a 22 trilliondollar economy thats 70 based on Consumer Spending, consumption and we dont have that right now. Is the market, do you think getting ahead of itself as we see the s p out of bear market territory . Ted i i think i do. When you get cuts in the market you always have a group of people who want to catch the bottom or think they have the bottom, but the bear markets run a long time, certainly a lot longer than 5 weeks. Thats where people probably making a mistake, its not unusual. Happens quite a bit. Certainly yes its ahead of its self right now. Cheryl madie, whats the bottom [laughter] the thing we have over the past several years completed the economy and the stock market yet the stock market can tell us important things about the economy but they are not one and the same and what we know right now is that we have a Public Health crisis thats weighing on our economy. Until we know that that disruption thats necessary to contain the Public Health crisis we know that the economy is not going to recover. So its true that some industries maybe seeing a bump, its true that some industries may see a little bit more forward progress than others, but i have to agree with our guests here, theres still probably a loft runway until we know that the fundamental problem which is a pandemic which we dont quite have a handle on yet is still the number one policy concern for the United States and until thats solved i dont think we can say that we are in the clear yet. Ted, if we can look ahead at 10 00 a. M. Eastern time we will be hearing from fed chairman jay powell at the Brookings Institute and live web stream. Investors are hoping we can get more light on him on how he see it is crisis unfolding from now, of course, we got the minutes yesterday from the march meeting and that showed that basically they all agreed that they had to take drastic steps, do you expect anything more from the fed chairman today, ted . Ted i dont know anything today but i certainly do expect it. I think you have a lot more money coming because i think what they first put out probably wont cover it and people probably in general, they dont really now how bad the credit markets are right now. Theres still reasonably frozen in a lot of areas and so i can see them coming with more money over time. You may not see that today but i think they will. Cheryl also, ted, jobless claims at 8 00 a. M. Eastern time. We will have them live for the viewers on the show. 5. 25 million. I have seen ranges going up to 9 million. The range from last week is a vs. One. What are your expectations . Well, i know the numbers out there are 5 or 6 million. Thats going to put you up at 15, 16 million over the last 3 weeks and im certain that goes, you know, goes higher. I just know too Many Industries where they layed off everybody and so you have a lot of that going on and so the numbers take a while to get in there but it will be another big number. Cheryl as far as revision for last week, do you expect that as well . I dont know. I cant speak to that because i really havent looked at revisions. I might think that they would be this week but i think the one thing that people probably misinterpret in this whole thing is really the devastation on the average, average working person by the hour thats working at restaurants, et cetera. Cheryl yeah. Massive devastation is out there. Cheryl Stephen Moore i want to bring you in the discussion and its all about the economy and the claims are going to give us likely rough view of what is happening in america. Youre seeing increases in the market for the last couple of weeks have been in my opinion 80 to 90 by the news of the coronavirus. We have good news on coronavirus. We see a big rise when we see positive news about the spread of the disease, the market falls and so given whats happened in the last couple of weeks i think that is reflecting a real sense of optimism among investors that we are going to potentially be able to open up the economy somewhat sooner perhaps than trump has talked about. Right now hes saying april 28th. If he can stick to that date and possibly a few days earlier, then i will see this continued euphoria. My point is yall dont have to look about the news thats happening with the number of cases, the number of deaths and so on, its all reflected right now in the stock market. Cheryl yeah, steve, a lot to talk about the show, you will be was throughout all of it. Ted oakley, thank you very much for joining us this early morning. We appreciate it. You bet, cheryl. Cheryl we have a lot coming up during this hour. Concealing the coronavirus, the Chinese Government facing a fresh lawsuit for reportedly lessening the severity of the outbreak as early as november. More than ever, your home is your sanctuary. Thats why lincoln offers you the ability to purchase a new vehicle remotely with participating dealers. An effortless transactionall without leaving the comfort and safetyof your home. Thats the power of sanctuary. And for a little extra help, receive 0 apr financing and defer your first payment up to 120 days on the purchase of a new lincoln. Did you know liberty mutualt customizes your Car Insurance tada so you only pay for what you need . I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Cheryl suing china over the coronavirus, a group of Small Businesses in california reportedly are suing the Chinese Government wuhan and the countrys Health Commission for 8 trillion in damages they claim they would have suffered by tend of the crisis. Lawsuit alleges that china knew as early as midnovember according to report from tmz. Lets bring in fox news legal analyst mercedes. Good morning, cheryl, great to be on with you today. Cheryl what do you make of this . A stunning number. 8 trillion first and foremost is mind blowing but the basis of their case seems to me a little a little thin, what do you make of all of this . Thats a great point. One of the biggest challenge that is the case will have is federal law called the foreign sovereign immunity debt. Basically gives cover to foreign states like the Chinese Government, chinese entities and says you wont we the u. S. Courts dont have jurisdiction over you as a foreign entity but theres two exceptions and thats what the businesses are trying to establish with this case, they are saying number 1 that this is more of a nature of commercial case and the Chinese Government and the entities actually committed acts within the u. S. This isnt about a commercial issue or trade. This is about an allegation surrounding governmental actions, the censorship. The fact that the allegations that the Chinese Government and entities misled the world health organization. They didnt report accurately as to the nature of the virus, the number of deaths, the fact that they censored any public dissemination and that is not business, not trade, so that exception doesnt apply. The second part about the activity have to occur in the United States for that to attach. The procedure hurdles are overwhelming for the businesses to overcome. Cheryl not to mention China International courts versus domestic court. I want to bring in Stephen Moore. Stephen this is such a fascinating issue that we are seeing with the chinese. Im hearing a lot of talk in washington about a wartime violations, almost a case for the United States government suing, i dont know if suing is the right word but penalizing the chinese for effectively reparations payment that the chinese would pay to the United States because of their their disdeposition deception of the world. Do you think theres anything to that . Its going to be so difficult. Thats an excellent question because you look at just the nature of the cases that we are talking about with respect to these businesses. You kind of see the theories that will be out there. One really centers around the lab where this occurred that the boy owe lab created bio lab and sold the animals that were affected as opposed to cremating them. So its going to be pretty difficult for the u. S. To have any type of claim like that. Cheryl well, the businesses no matter what they are suffering. Mercedes, thank you so much for getting up early. Good to see you, mercedes colwin. We have a lot coming up this morning. And then there was one. Senator Bernie Sanders has suspended his 2020 bid. Hes now clear the path for joe biden to take on President Trump in november. Stay with us. Live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. You may not be thinking about blood donation, but blood is needed to save the lives of people who are sick with a range of illnesses. Its easy and safe to give. If you are in good health, please donate. We need heroes now. Visit red cross blood dot org to schedule an appointment. Its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] while we are winning the ideological battle and the support of so many young people and working people throughout the country, i have concluded that this vow for the democratic nomination will not be successful and so today im announcing the suspension of my campaign. Cheryl well, it is official, Bernie Sanders is out of the 2020 race for the white house. Move essentially teeing up former Vice President joe biden as democratic nominee. Lee carter to you what was the take of what you heard mr. Sanders and the fact that he will be keeping his delegates . Lee i think it was hard for him to end campaign. Hes not the traditional candidate. Hes looking at this more as movement than he is running for president. This was very difficult for him and im not surprised that hes going to hold onto his delegates an hes going to try to keep his influence in this because i think he has a higher purpose in all of this and so i think thats why hes doing it and itll be really interesting to see the pivot because the Vice President ial pick will be most because he himself is not the most popular candidate that we have seen going into an election. Cheryl basically in a way come together at the end of the day and pushed sanders out. Look, one thing that sanders did he yanked the democratic sharply left and they point to some of the Biden Economic proposals which are still in place. His proposed tax increases still 3. 4 trillions. His mind may have changed during the pandemic but thats still a joe biden mrs. Form which is raise taxes. Thats right. Challenge with Elizabeth Warren running against Bernie Sanders she actually did her math. She forced Bernie Sanders to admit that theres a lot of tax increases to pay for medicare for all and its not just Cheaper Health Care and not just all benefits that hes promising. When you look at the Democratic Party now i think that the Sanders Campaign is instructive for some of the challenges that biden now have. The thing that Bernie Sanders was saying he can create a coalition that traditional cant. He has trump young voters. That didnt being the case. How does biden replicate him now. Does he have to rely on the obama coalition. Its not clear that he will be able to galvanize voters that will be coming out to vote for him. The vp pick to try and create the coalition that defeats the president. Cheryl hes committed to a woman and the betting has already started. Cam dollar harris still at this point still has strong probability of being nominated and also amy klobuchar, steve. Stephen a couple of things. Im not convinced that joe biden will be the democratic nominee. Im talking to many democratic operatives who watched his performance in the last month or two and they are nervous about biden. He doesnt seem like he has it all together right now and as you know you reported at fox business, theres been boom to go with dump biden and go with cuomo. I would not rule it out. The other thing id say quickly is that, you know, you played the clip of of bernie saying, look, im winning the ideological battle, you know what, he is, what we are seeing in washington, the craziness is the Bernie Sanders agenda. Cheryl go back for a second, steve. You dont think that joe biden will be the nominee . I find that hard to swallow. Stephen democrats dump biden, look, you cant be our nominee, youre just too old and they may they may dump biden and go with somebody like andy cuomo or michelle obama. Cheryl i think cuomo is a little bit managing a crisis, steve. This has been a wild year, you never know, we will see you in a little bit. Well, its true, the reality has certainly changed in the country. Futures hoovering near the