Yesterday down 86 points at 4 00 oclock on wall street. More help for Small Businesses and hospitals on the way. The senate did pass the 484 billiondollar coronavirus aid deal last night. House is expected to vote on this tomorrow. Meanwhile the white house is looking ahead to additional stimulus packages. We will talk about that. President trump to sign executive order today temporarily banning immigration to protect american jobs. The cdc meanwhile is out with a dire warning this morning saying there could be a second wave of coronavirus and might be even worse than what we are dealing with right now. That coming in the fall. More people stuck at home turn to streaming. Adding 16 million subscribers but warned that the level of growth probably will not continue as lockdown across the globe start easing up. The stock is down 188. More earnings on top this morning including at t and Delta Airlines, all that coming up. Mornings with maria live right now. Maria Global Markets look like this, firmer tone across the world. European leaders are set to hold Video Conference tomorrow morning, but already italian Prime Minister is saying that he does not believe a unified solution will be reached to help eu economies recover from the coronavirus pandemic. All the major indices higher across the board. Dax index up 125 points. In asia mostly higher with the exception of japan, the others moving fractionally all that coming up this morning. First, though, some top stories that we are watching this morning. The cdc director Robert Redfield sounding the alarm that stronger second wave of covid19 could be months away. He told the Washington Post, quote, theres a possibility that the assault of the virus next winter would be more difficult than the one we just went through. Redfield is warning that the nation needs to be cautious even as some states attempt to reopen their economies this week emphasizing that the enormous impact of social distancing is important and stresses the important of getting flu shot this summer when winter comes around hospitals are not overburden. Well, the first coronavirus death in the United States may actually be weeks earlier than previously thought. California Health Officials now say 3 people who died in Santa Clara County in early february in march tested positive for the virus. The first reported death from covid19 was believed to be a man in Washington State on february 29th. The house is set to vote tomorrow on phase 3. 5. Thats the 484 billiondollar Coronavirus Relief bill that passed in the senate last night. The bill allows for 321 billion for the Paycheck Protection Program, topping up the program 60 billion additional goes to small banks and Credit Unions and additional 60 billion will go to economic loans and grants and 75 billion will go to healthcare facilities. Additional 25 billion to national testing. Senate Majority Leader Senate mcconnell expressing concern about rising deficits with all of this. I think its also time to begin to think about the amount of debt that we are adding to our country and the future impact of that. But until we can begin to open up the economy, we cant spend money to solve the problem. Maria by the way, the current debt is higher than the size of the economy, 22 trillion. This bill is expected to pass in the house but the stage may be set for a showdown over the rules and the structure. Speaker nancy pelosi wants to enact a rule to allow some members to vote by proxy without returning to washington but gop leaders say that the rule change could pose potential abuse of power. We will get into that. Netflix posting a Record Number of new subscribers as people sign up, more than double than expected. That stock as a result is down 2. 33 right now. Chipotle agree to go pay record 25 milliondollar fine to settle criminal charges that it served tainted food. More than 1100 people got sick from noro virus chipotle has taken serious steps including cleaning practicing. Markets are higher. Wall street looks to rebound from 2 days of steep losses. Dow industrials up 266 points and the nasdaq up 108. Oil prices still under pressure. Weak demand the main story here, take a look. Oil 11. 30 down 27 cents. All the stories coming up this morning. Joining me this open cochief investment strategist john and joining the conversation this morning is fox business Dagen Mcdowell. Ubs Financial Services private wealth adviser alli mccartney and ryan payne. Dagen good morning. John, let me kick it off with you, how do you see markets given the fact that we are little by little seeing reopenings across the country . John maria, we have to say its good to see the beginning, the reopening, plans of more reopening behind that with an eye towards managing the situation of covid19. We have to take investors, really have to know themselves and recognize if they are traders or investors. If theyre looking ahead 3, 5, 7 years ahead. This is probably one to have best times to reposition portfolios, to take advantage of where we are headed and if they are traders theres opportunities with volatility that we have seen. Maria how are you repositioning . John well, repositioning as in investors looking ahead, we want to be long cyclical stocks, we will likely see vshape recovery with ushape recovery in terms of the economy. We expect that you want information technology, consumer discretionary, industrials because we think itll be an program waiting in the wings to come ahead and give the economy a boost and we also think that a good place to be is own health care naturally which will help get us out of this situation with contrarian pick of financials which just cant seem to get out it seems. Maria ryan payne, jump in. Ryan i appreciate your bullish view. How do you feel about oil here. Ive talked about a sector thats gotten beat up, is imto go to oil as well . John when it comes to oil is right now we are a wash wit, once we get some kind of a not quite an allclear signal but a clearer idea where we are headed that we will get the economy to come back, you will probably see a rapid recovery in price of oil that but it will take some time to get back to the levels that we have seen earlier over the last six months. Oil at 30 bucks a barrel once things get going but then it would climb higher, once you find the developed International Markets in the u. S. That are coming online and ordering from china, china is going to ramp up use of oil and youre going to see demand increase very quickly, i would expect. Maria what about earnings, john, investors waiting Companies Reporting quarterly numbers. Quest diagnostics, all coming out. Are you looking at earnings or is this such a different quarter given the fact that youre shut down that you want to ignore the firstquarter numbers. What are you learning from this and how about the guidance coming out . John to a certain agree, maria, analytical community, Strategy Community are all operating essentially without instruments or flying with with limited instruments on this. We would have to say the earning season is already begun to reveal the difference between winners and losers, some of the winners will be nearterm winners while covid remains holding us hostage, on the other hand, some of the losers will offer opportunity moving ahead once we begin to see the opportunity for the economy to come back, so when you mention names in, you know, look for opportunities right now to see health care shine in specific names that may be able to help battle the covid situation. Consumer staples likely to take a bow with people hording toilet paper and when it comes to other within consumer discretionary, you have to right size your expectations and realize its tough for them right now. Maria all right, we will leave it there. John stoltzfus joining us there. We are locking at a market thats higher. Dagen mcdowell real quick on this money coming into top off the ppp program. Looks like markets are reacting. Dagen it should have happened earlier. Democrats had a week before the fund would have exhausted to move on that and they didnt do that. One issue that i will point out, so theres 310 billion that goes toward Paycheck Protection Program, initially 350 billion, of the new funds 60 billion must be set aside for lenders with less than 50 billion and the democrats have put in this the earmark for small and Midsize Community lenders and they are trying to target certain groups that democrats were left out, women, minorities, people in rural areas which was the Community Banks that stepped up and got the money out. It was the big banks that really hurt people in major metropolitan areas. But the sba portal, Small Business action application processing portal is not set up to demarkate lenders by size so there could be a delay. So im just saying this and this is in the wall street journal as well, these businesses. If you have some problems and youre with a smaller lender, that could be a reason. The funds are there and refresh for Economic Disaster loan program from the sba, that is really essential here. Maria yeah, you have been highlighting that one from the beginning. Coming up medicine doctor, dr. Mike weighing in on the new hydroxychloroquine and the drugs potential effectiveness and then at the 7 00 a. M. Hour we are talking to ohio congressman tim ryan on the future of coronavirus stimulus. New york yankees president randy levine on Major League Baseball as fans wait for the season to start. At 8 00 a. M. Eastern senator rob portman on stimulus package, securitys and Exchange Commission jay clayton live, all this live on trading during chaotic time and Dallas Mavericks owner mark cuban sounding off on what its going to take to get the economy back on track. Big 3 hours coming up. Stay with us. We will be right back. When you own horses, you dont just own horses. You own a pasture. A barn. And hay. Lots of hay. You need a tractor built to get every job done right. The kubota l series tractors. Maria welcome back, striking a stimulus deal. The Senate Passed a 484 billiondollar stimulus package last night for the Coronavirus Relief by voice vote. It includes 321 billion for the Paycheck Protection Program as well as money for Economic Disaster loans, hospitals and coronavirus testing. Joining me right now former Senior Adviser to the clintons ndc partner managing partner mark penn, thank you very much for being here this morning. Mark good morning. Maria hope youre doing well. Now you see the two sides trying to Work Together to get something out, but, man, it has been tough to get to an agreement here while businesses are going out of business. Mark well, as you know in my latest polls that we did at harris, we find that most people think that the politicians have been acting, you know, on partisan mode particularly pelosi who has singled out 60 believe shes acting partisan. Trump was nonpartisan by a couple of percent in the most recent polls, so, yeah, theres a lot of partisanship going on, a lot of wrangling and the other thing that i pointed out is that we dont have a functioning congress as we generally know it. Maria because of this fighting, right . Do you think that voters are going to remember come election, mark, because, you know, this is a serious moment in time where businesses need the money yesterday and we are wrangling over 25 million to the Kennedy Center and, you know, all of this other stuff that the democrats want in there as if its some stimulus package and not a relief package specifically for paychecks . Mark well, thats right. About 80 of the voters wanted stimulus but limited helping businesses, helping hospitals, they dont want to see political wrangling and when i point it out, theres no committees, you can listen to the supreme court, you can see the president every day, why dont just put screens up on every screen and people can come up and be present virtually and be able to participate and hear debate, theres no debate, secret caucus meetings now where decisions are being made, hundreds of billions of dollars. Maria yeah, Dagen Mcdowell thats probably why they missed china because they werent doing any Committee Meetings on anything other than taking trump down and and that whole, you know, that whole period when they were up in arms about russia collusion, they missed the biggest story of our time and biggest threat to this country being china. Dagen right, but mark can correct me on this, in late february when the Trump Administration and the republicans put forward the very first bill aimed at funding for the Coronavirus Crisis, i think nancy pelosi instead moved ahead with flavored bill against flavored vaping products and in terms of nancy pelosi, i know youve seen it, mark, but theres an ad, political ad that republicans put together nancy pelosi in front of refrigerator, 6pack called 68 bucks or Something Like that. I would say universally people look at that and its the most devastating political ad that they have ever seen. Mark it is. For the very first time in 2 years of polling, the Republican Party in favorability was one point ahead of the Democratic Party and usually the Republican Party is back 5, 6, 7 points in terms of favorability because there are more democrats than republicans and i think this partisanship and i think the video showing ice cream was a disaster and i think theyve got to come back from that and be a lot more nonpartisan. Maria yeah, no wonder the Trump Campaign put out a whole ad on it and it is embarrassing and comes after an extended period of impeachment trial as well which the public was questioning. Mark, good to see you this morning, thank you so much for being here. Mark thanks for having me. Take care, maria. Maria one senator slamming china over lack of transparency, scathing uped coming up right here. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Maria origins of the coronavirus, senator tom cotton with new oped in the wall street journal. Coronavirus and the laboratories in wuhan. In it the senator writes about the possibility of the coronavirus coming from an Infectious Disease laboratory in china and not the wet market which is what china was parading around when this first started. Senator khan has been speaking about the issue since coronavirus outbreak. I spoke with him early on on sunday morning futures and i asked about this back in february, watch. Maria we have been told that this originated in an open Seafood Market, but theres also speculation that perhaps it did not originate there. Tell us what you know. Just a few miles away from the food market is biosafety Super Laboratory that researches human Infectious Diseases. Now, we dont have evidence that this disease originated there but because of chinas duplicity and dishonesty from the beginning, we need to at least ask the question. Maria we have been asking the question, dagen, and today we are talking about the only level 4 super lab in all of china. Its located in wuhan, that is why i was suspicious from the beginning because in that lab what do they do, they study coronavirus. Dagen exactly, and thats why you and senator cotton were so far ahead of this in alerting the American People about the real origins of this virus and i will point this, and senator cotton in his oped in the wall street journal goes into this. Its not just the report that that came out recently about u. S. Diplomats in china were warning of a serious shortage of technicians and needed needed to safely operate this serology lab and lab 30 yards from the market, the center for Disease Control prevention in wuhan. Here are some facts that cotton points out. High niece researchers reported in medical journal january 24th that the first known cases had no contact with this wet market. There was no evidence the market itself sold bats, endangered, looks like armadillo, the bat species that carries it is 100 miles from wuhan, followed a team of cdcwuhan researchers around collecting viruses from bats in a cave and researchers were talking openly about the risk of infection from these bats. Thats how those are the facts and thats why you and senator cotton so early were pointing to this lab. Maria yeah, thats right. And when we first did it he said all of that, by the bay in my february interview, february 16, all of the things that he wrote in the oped but after the interview he got slammed on social media an