President trump donald trump saying america is winning the war against the virus. Dr. Anthony fauci says at least part of the economy could reopen next month. Over at the capital additional funding for Small Businesses, Congressional Republicans to add 251 billion, democrats looking for more money and a much broader use of the funds. Meantime futures are pointing to a lower open to kick off this week. You have almost 300point loss on the dow futures after u. S. Markets in a short week last week rallied big time. The dow, nasdaq and s p all up more than 10 . S p having the best week since the mid70s. 1974. Deadly storms slamming parts of the United States over easter weekend. The southeast still being battered by horrible weather. We will have a live update. Mornings with maria is live now. Dagen and good morning, maria. Maria good morning, everyone. Dagen, thank you. We want to check Global Markets. This is a big week. Hope everybody had a great easter. Lets check Global Markets right now. Futures indicating a decline but treasury yields are up. The yield on the 10year up. 5 basis points at level of. 573 . Lets take a look at red across the board. Hong kong hang seng was closed for holiday. European markets remaining close today for Easter Monday holiday but korea down almost 2 and nikkei in japan down 2 and a thinker percent, shanghai composite down. Right now deadly round of more than 30 tornadoes ripping across several Southern States, more than half a Million People do not have power this morning, alabama, louisiana, mississippi, all declaring states of emergency today. The storms killing at least 8 people including mississippi deputy and his wife. In alabama a woman rescued after getting trapped in a car. Georgia getting hit with dangerous track moving north. Severe storms and wind expect today move across the northeast for you. We will follow it for you. Fda says coronavirus is reaching its peak. Over the weekend, the president approved the disaster declaration for wyoming meanwhile. This means all 50 states and territories have now received a federal disaster declaration. More than 22,000 people have died from the coronavirus in the United States surpassing 19,000 people in italy. Theres hope, however, as new york sees a slight flattening of cases of the virus. Some more good news, Prime MinisterBoris Johnson out of the hospital this morning after receiving treat ment including 3 days in icu. The Prime Ministers thanked the doctors for saving his life. I have seen the personal courage not just to have doctors, the nurses but of everyone. Thanks to that courage that devotions, that duty and that love that our nhs is unbeatable. Maria it is not yet clear when johnson will actually return to work. More on that coming up. The ceo of smith field foods warning of possible pork shortage after closing major u. S. Plant following outbreak of coronavirus. The sioux falls, south dakota plant closed. Wallet disney world will furlough 43,000 employees, the latest wave of lay offs, workers will keep their Health Insurance for the length of the furlough or up to a year says disney. Right now 200 workers are still on the job performing essential duties during the closure. Disney shares this morning down 1. 47 in premarket. 103 and change. Andrea bocelli giving Easter Sunday performance. Watch this. Amazing grace, how sweet the sound. Maria the opera singer performing Amazing Grace and ave maria, boceli performed for group for home event. Take a look at markets this morning. We are expecting lower opening for the broader averages, stocks are down ahead of the open. Futures indicating decline at the start of trading with Dow Jones Industrial down better 30 points. S p down 36 and nasdaq down 89 this as oil prices are really flat, but we did see a pretty good move over the weekend on the big news of the weekend, opec and the worlds Major Oil Producers reaching Historic Deal on a massive Production Cut as you see oil up 24 cents a barrel. The president tweeted about it yesterday saying this, the big oil deal with opec, plus is done, this would save hundreds of thousands of emergency jobs. I want like to thank and congratulate putin of russia and king solomon from saudi arabia. Joining phil flynn and joining the conversation Dagen Mcdowell, pollster and president of maslansky partners lee carter and pwc partner Mitch Roschelle. Thanks to all. Great to see everybody this morning. Phil, lets talk about the oil deal, the president said it was going to be between 10 and 15 . It looks like what we are seeing now is a little lower than expectations, how does this play out phil, and why dont we see a bigger move in the price of oil . Phil yeah, i think theres little bit of disappointment and this deal is better than no deal at all. At least giving some of the Oil Producers some hope that theres some price stability in the future and one of the big things when you look at a deal like this, we have a tendency to look at the first couple of months contract like the june contract. If you look out a few months, the reaction to the deal is a lot better, shows that prices will come back but thats assuming the demand will come become and thats the big question for this oil market going forward. Maria yeah, i mean, at this point what would a 10 cut do . Its taking how much oil off the market in an environment where you dont have any demand because of the coronavirus shutdown, right . Phil right, by taking oil off the market it can expand where oil storage will get filled up. Right now at the pace where Oil Producers are producing, we will run out of places where to put the oil. Storage can be out by next month. By producers cutting back production a little bit, that should extend that time period. Give the Global Economy a chance to come back and start burning barrels of oil so its really a situation thats going to buy producers time and give us a little flexibility and hopefully some stability in prices so producers dont go bankrupt overnight. Maria dagen. Dagen phil, the president is getting a great deal of praise from people in the Energy Industry even the regulatory body and Texas RailroadCommission Just to name one because part of the deal was getting mexico to the table although mexico only agreed to cut 100,000barrels of production a day which was 250,000barrels less than saudi arabia had wanted but the u. S. Got mexico on board with this deal because we agreed to we pledged to compensate for the mexican amount with 300barrels of our own reductions. Its not clear that its in addition to u. S. Cuts or how the u. S. Cuts would be implemented, again, this is dealmaking and making sure that we were still involved in conversations with russia and saudi arabia for weeks. Phil absolutely. This deal would have never happened if it werent for President Trump. You know, there was no way to bring saudi arabia and russia back together. They were about as angry to each other as they possibly could be and really is against President Trumps nature. He hates opec. He hates collusion when it comes to the price of oil. You know, but once youve gone down the collusion path and youve had an opec basically flooding the market with oil, product dumping trying to put people out of business, it does change the game a little bit, so i think President Trump did a great thing for the u. S. Energy industry and gives our guys a chance to survive with without a deal the bankruptcies for the u. S. Oil industries could have been through the roof. Maria phil, thanks so much. We appreciate it. Have a great day, phil, on the price of oil there and this deal, the big stories of the morning, certainly. Well, weve got Severe Weather still slamming parts of the United States this morning after brutal easter weekend meanwhile, we are expecting a serious day of winds. Janice dean joining us now with more on what we can expect . Janice bad news to deliver across portions of the south where we had reports of over 50 tornadoes and catastrophic damage for parts of texas, louisiana, mississippi, alabama. You can see the cold front sweeping through. We actually had a snowstorm over parts of the Northern Plains and the midwest but the damage and the potential for damaging winds as well as hail and tornadoes exist for the next couple of hours over parts of georgia, florida into the carolinas, up towards virginia. Tornado watches in effect until at least 11 00 a. M. Local time and we have tornadowarned storm north of augusta, georgia, west of charleston, up to North Carolina area as well, raleigh, in towards richmond, virginia, these are all tornadoes on the ground being reported or Doppler Radar indicated. We have several hours to go and moving up towards mid atlantic and northeast later today, wind gust in excess of 70 miles per hour, maria, in coastal areas and that will cause structural damage and potential for Power Outages, people need to be on alert. Back to you. Maria janice, thank you, waiting for it all janice dean joining us there. We are just Getting Started this morning. Busy day and this is kickoff to Earnings Period. Big earnings coming off at the end of the week. Coming up the collapse of china author gordon chang is here on chinese experts. Wait till you hear. Snl first ever at home episode and georgia congressman doug collins is here uncovering peoples paychecks and the cyber guy circumstance knutsson. And then Waste Management ceo james fish, jr. , will be here to talk about business and the recent garbage pile thanks to coronavirus and the north america ceo of anheuserbusch michael is here. Dont miss a moment of it. We will be right back. Stay with us. Every Financial Plan needs a cfp® professional confident Financial Plans, calming Financial Plans, complete Financial Plans. Theyre all possible with a cfp® professional. Find yours at letsmakeaplan. Org. Maria welcome back alarming and new information out of china, breaking news as well. Sources tell me that the Chinese Government has imposed new rules and regulations on the manufacturing and production of all materials used to make personal protective equipment. These regulations sparking mass delays in exporting the critical equipment to the u. S. And the rest of the world making it even harder for other countries to receive them. I have a letter right here from one representative of companies in china telling us about the knew rules. They sent this to a Government Official. Joining me right now the author of collapse of china, gordon chang, great to have you on the program. Thanks very much for weighing in on this. We know that the chinese downplayed the coronavirus, the communist party downplayed the coronavirus. While they were downplaying it they were cornering the market. They already produce half of all of the capacity in the world of masks and yet on january 25th i have evidence here that they bought 2 billion additional masks and now ive got this letter which was sent to Government Official which says the country has not come up now come up with knew rules and regulations that you have to get approval to export anything. Any manufacturer must get local and National Approvals which circumvent fda oversight in order to produce and ship goods. This means more delays of this protective equipment. Gordon, what is going on . Beijing is using approval powers which is april 1st regulations. They are ausing using approval powers away from the United States and to others that china considers to be friendly. You have individual companies basically saying they wont sell to the United States. Beijing has constant antiamerican propaganda which is in the best of times exist and so this is having consequences and its certainly hurting sales to the United States of this equipment. Maria now you are seeing limits of exports in other countries as well. I guess during a pandemic globalization has its limitations where youre seeing countries hoard everything but if you have accounts and then the Chinese Communist party is telling the companies turn the ships around, we need all of that stuff, we dont want to export this. How are American Companies ever going to trust Chinese Companies again or the Chinese Communist government more importantly . Do you think this creates a fundamental change in the supply chain and on the trust that International Companies perhaps might have had in the Chinese Communist party before this . Well, certainly, because beijing has shown itself to be unreliable member of Global Supply chains and unreliable because of these political decisions that are being made, you know, in connection with personal protective equipment, there have been horrific stories from china recently. Price gouging, they have been selling masks at 4 to 5 a piece even though they only cost 35 cents to make and we are seeing defective equipment being sold to the United States. China refusing to refund and also Chinese Companies have been deceptive. They have applied for fda approval but when they apply for fda approval they say theyve actually received it so u. S. Companies are very much at a loss when they are dealing with china but in addition to all of that, we have these political decisions in beijing which are making it very difficult to rely on chinese suppliers. Maria thats right, the political decisions in beijing are including new rules and regulations whereas you have to follow what the communist party says in terms of all of this equipment. Remember, gordon, during the whole fight during intellectual where President Trump educated the world and they came out with new set of rules. Remember last year, to stop stealing intellectual property and there are patents in place and you just dont steal it and they come out with new rules for Telecom Companies that you have to use Chinese Telecom and if youre operating in china you to show all of your technology, again, the forced transfer of technology, so they basically, you know, removeed any way that people could say youre stealing intellectual property and accountability for it . Yeah, this is the core of the problem with u. S. Trade right now. They deny that they are in place but they are being enforced, maria, when we talk about theft of ip, 125 to 600 billion a years inip due to outright theft as well as forced taking. Maria i know. Its tens of billions of dollars for American Companies for sure. It has been for decades. To learn more, visit paycom. Com 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, we are back with panel reaction on breaking news. China is seizing and slowing down the production of materials need today combat the covid19 pandemic making even more money there, but importantly holding back important exports to the United States. Dagen mcdowell your response here and ive got this letter from a major representative of companies within china sending this letter to the to the government here to basically alert them to this problem that there are new rules and regulations on the ground which will further delay the export of things like masks and protective gear, dagen. Dagen china lies about it repeatedly and hoarding medical supplies to make sure whats the end goal, certainly to come out of this quicker than the rest of the world and gain more power and dominance, but we are sitting back as you have been literally for a couple of years, maria, and asking how did the United States allow for outsourcing of so much manufacturing particularly lifesaving Critical Health and medical supplies, there are companies who are trying to get tariff relief, u. S. Tariffs from disinfectant, fibers that go into sanitary wipes. General motors need tariff relief because it gets compressor silenceer in parts that are used to make ventilators. We are at chinas mercy when we wake up, maybe this is the call. Maria sources tell