President trump is closing the border with canada. And calling himself a wartime president. This is a war. And were in the same trench. This is no time to panic, but its just as much no time for business as usual. Reporter infections in the u. S. Have swelled to more than 8,000. The first known members of congress have tested positive. Probably the worst cold ive ever had. And sorry. And im healthy. The New York Stock Exchange said it would temporarily close its Trading Floor and move to electronic trading beginning monday. Were in a real doozy of a crisis. You simply cannot do enough to help make things better. Gun and ammo sales are way up amid the Novel Coronavirus outbreak. Some stores are having trouble keeping up with the demand. All that if you still want a holiday experience, take inspiration from these melbourne retirees. Who managed to enjoy their canceled cruise without leaving the comfort of their own home. And all that matters. Were all in this together. Im a dreamer but im not the only one i hope some day youll join us and the world will be as one on cbs this morning. The coronavirus continues to be everywhere. After trump made a big deal about it not being in West Virginia, last night we found out that West Virginia is the 50th state to report a coronavirus case. So now were all in this together. No red states or blue states. Just 50 anxious, pale states. This is a crisis that we have to face together by staying as far apart as possible. This mornings eye opener is presented by toyota. Welcome to cbs this morning. Its fitting that we end with Stephen Colbert. If this looks familiar its because were in the home of Stephen Colbert. Its the ed sullivan theater in new york where Stephen Colbert broadcasts every night. Hes on hiatous right now. Our studio is temporarily closed out of an abundance of caution. Were grateful to stephen and his staff. Dante on camera one. Some of stephens people and our people. We get to be here. We promise to be good house guests and leave the place like we found it. Tinker on the piano. I have a hankering to tell funny anecdotes. We do appreciate this home having to do it. We want to be very careful. Were taking this very seriously. This is where we stand this morning in the coronavirus pandemic. There are now more than 9400 reported cases here in the United States across all 50 states now. The number of deaths in this country has jumped to at least 152. President trump now says he considers himself a wartime president because of the coronavir coronavirus. Last night he signed a 100 billion emergency aid package into law. It includes free Virus Testing for every american, paid sick leave and expanded Unemployment Benefits. Weijia jiang is at the white house. President trump is also expected to reveal a Significant Development from the fda this morning. What do we know about that . The white house is being tight lipped with any details but the president could talk about a potential treatment for the coronavirus. Hes also mentioned researchers are working on a test that people could give themselves. In the meantime, he has taken a series of stunning steps that underscore just how serious this outbreak is. Even activating fema to level one. The highest level across the country. Were winning it. We will win. Its a question of when and i think its going to go quickly. Reporter before meeting with a group of nurses on the front lines, President Trump said he was using the full power of the federal government to combat the coronavirus. Well be invoking the defense production act. Reporter the president signed a koreanera war law that compels Manufacturing Companies to produce certain goods during a crisis like masks and other protective gear for health workers. Though he later said it was for a worst Case Scenario. One major concern is having enough ventilators to help patients breathe. We have a specific number of ventilators in the stockpile. Its in xhexcess of 10,000. You just heard the announcement from the department of defense, theyll be adding several more thousand to that. Reporter on capitol hill, lawmakers are working on a trilliondollar economic stimulus package to bail out the airline and hotel industries. Help Small Businesses and even send money directly to americans in need. We are moving rapidly because the situation demands it. Reporter but Senate Minority leader Chuck Schumer warned thats only a quick fix. This is not a time for small thinking. This is not a time for small measures. This is a time to be bold, to be aggressive. Reporter President Trump is also under fire for frequently referring to coronavirus as the chinese virus. The president says the virus originated in china and hes pushing back on a chinese official who had suggested the u. S. Military brought the disease to wuhan. Its not racist at all, no. It comes from china. I want to be accurate. Reporter but many Asian Americans say it is racist and that the president s actions have led to a growing number of attacks on the community, both verbal and physical. Tony . Weijia, thank you. Last night we learned at least two members of congress have tested positive for the coronavirus. They are congressman Mario Diazbalart from florida and ben mcadams from utah. They developed symptoms over the weekend and both are now in isolation. Mcadams described his symptoms to our Salt Lake City affiliate kutv. A temperature of about 103 and it feels like i have a belt around my lungs. I just cant take too deep a breath. Its a little labored breathing and then really achy. Probably the worst cold ive ever had. And sorry. And im healthy. A lot of people feel that way. We understand others who may have been in contact with those congressmen are now selfquarantining. Dr. Deborah birx is the response coordinator for the White House Coronavirus task force and joins us from washington. Thank you for taking the time. Your plate is overflowing. I want to refer to weijia jiangs piece where we heard the president say were going to win, and we will win very quickly. What is the white house definition of quickly . I think were all looking very closely at the data. The data coming out of china. The data coming out of south korea. Were encouraged by the recent reports from china of no new cases. Were watching very carefully about china going back to work and seeing if that impacts the spread of the virus. Were learning from other countries. If our profile looks like china, we believe that that is very quickly. But if we are evaluating every single country and the data coming from that country. Dr. Birx, i think americans can handle just about anything but they need to know what to expect. You mentioned china as a possible timeline. Were in this two weeks to slow the spread period but there are other reports coming from the administration about a possible 18month a 18month fight. How long should americans be prepared to take precautions to fight this epidemic . The models not only looked at whats happening during this current outbreak. We know with respiratory diseases they have a peak and often fall off during the summer months. If this works like every other respiratory disease that comes to us in the winter. Were tracking very carefully about what would happen if it came back in the fall or came back in the fall after that. And thats why the president has been working nonstop both on therapeutics. That could be available in the summer and fall. And vaccines that could be available in the fall of 2020. Its a long its just a today vision, a tomorrow vision but also a 90day vision, a fall vision and a fall 2021 vision to make sure that were following everything. At this point, when do you anticipate the peak to be . Well, the only thing we can look at is the same thing you all are looking at. What the peaks look like in every other country. In every other country where the peak came and the cases declined, it was because every Single Person in that country followed the guidelines that our president has put out. These guidelines are extraordinarily important. Its about social distancing. Its about washing your hands. Its about ensuring that youre protecting yourself and protecting others. Its not about partying on beaches during spring break. Dr. Birx, what concerns you most at this point . I think the rapidness of the getting our own data. I think thats very important. We applaud the legislation for putting in the white house request for reporting. I think we need to see 100 of the cases. A lot of people are looking at the data that came out of the mmwr this morning. The numbers are not large enough for us to make conclusions from, but as we have always been worried about individuals with preexisting conditions and every age group. So were asking every hospital, every clinic to report both their testing results and their outcomes at the hospitalization. Can you give us an update on the testing . How many cases are out there . How many more do you need . When you take the test, how long does it take to get the results . People are very concerned about the testing. Thats an excellent question because what happened with the testing before we could get the highspeed laboratory commercial labs up and running is there was a backlog. And so every american out there thats watching the new cases, these are new cases coming from the backlog for samples directed four, five and six days ago. And as those get run, our number of new cases will dramatically increase because theyre not daily cases. Theyre cases from the last few days. Once we get through the backlog, well be able to tell you precisely how many tests are negative. How many are positive and with this new reporti ining requirem it will be accurate. Dr. Birx, thank you for being with us. Cbs news medical dr. Tara narula will be with us. We heard dr. Birx mention spring break and people shouldnt be out there on the beaches. Thats mostly young people. The cdc says 20 of hospitalizations are young people. What does that population need to know . The cdc numbers are really important. 20 of those age 20 to 44 were hospitalized in this country. 12 of those aged 20 to 44 needed icu level care. So were still learning a lot about this virus. So for those young individuals who think, it cant happen to me. Im not susceptible to this, thats just not the case. We are seeing, you know, young people in italy and france who are having issues with the virus. I saw a knucklehead on the beach yesterday from florida saying its my spring break. If i get it, i get it. Its really so irresponsible because you put so many other people in jeopardy. Thats whats so frustrating watching that. And thats this big idea of social distancing. We cant hammer it home enough. This comes down to something we call the reproduction factor. Thats how infectious i am. If i have the disease i can spread it. We think to about three people. Thats reproduction number is affected by how the virus properties itself, who is susceptible but also the duration of contact with individuals and the number of people you contact. By decreasing the duration of people and contact with those people, you are decreasing the speed of the spread of the virus. This can seriously affect young people is the point. Dr. Narula, thank you. As an elder millennial, those people on the beach are probably generation z, 20yearolds, College Students. It was so maddening to see. Good of you to stand up for your people. Thank you very much, doctor. Well be checking in with dr. Narula throughout our broadcast. Right now we want an update on hospitals which are overwhelmed by the coronavirus. Theyll soon get help from the u. S. Military. The navy is planning to send hospital ships to new york and california. The comfort and the mercy. And the army is preparing to deploy to field hospitals. Mola lenghi is reporting outside Lenox Hill Hospital right here in new york. Good morning. Good morning, tony. Many doctors say they expect more very sick people needing critical care. Many say that a lot of hospitals are already over capacity. In West Chester County in new york, theyre calling on licensed nurses who are out of work, perhaps retired, to jump back in the ranks and get back to work. Most of all, they are imploring the public to stay home unless you need lifesaving treatment. This Medical Center in brooklyn has built a special facility just for coronaVirus Testing. But some say they are being turned away. Told me to go to the emergency room for the screening. And then the emergency room, they told me that they ran out of tests right now. Reporter other hospitals are also gearing up for the expected spike in coronaVirus Testing and treatment. Dr. Hannah locasio is with the hospital in brooklyn. What are things you may be facing if this continues to go the way its going . So we have to make decisions about our personal safety, whether or not were willing to see patients without the proper protective equipment. And i think the worst Case Scenario for any physician is to have to deny a patient treatment because we simply dont have enough medications or ventilators. Reporter Ford Motor Company is ready to gear up production of ventilators and other equipment as the company, along with general motors, says it will shut down u. S. Factories over fears of spreading the virus and falling sales. At the Childrens Hospital of wisconsin in milwaukee, hundreds are being tested after a doctor who treated children with compromised immune systems tested positive. Nursing homes also continue to be a major concern. In illinois, longterm care facility announced more than 40 cases wednesday. Nearly double the number reported the day before. From everything we know about this virus, no place and no person is immune. Reporter the red cross says nearly 4,000 blood drives have been canceled nationwide due to coronavirus concerns, resulting in 100,000 fewer donations at a time when demand is on the rise. While governors in at least four Eastern States are expanding shutdown orders for malls, amusement parks and bowling allys, many young people are ignoring pleas to stay home, including spring breakers in florida. The city council in clearwater, florida, ordered the beach closed starting next week. We dont want them gathering but they dont realize they can be carrying lots of bad things home to grandmother and grandfather and even their parents. Reporter officials here in new york and across the country are also concerned about jail populations contracting the virus. New york city mayor bill de blasio says he plans to release vulnerable inmates in order to help stop the spread and in sacramento, california, anthony, officials there say theyre planning to do the same thing. Thank you. The New York Stock Exchange will temporarily close its famous Trading Floor on monday switching to all electronic trading after two people tested positive for the coronavirus. The dow closed below 20,000 yesterday, nearly erasing all of its gains since President Trump took office. Cbs News Business analyst Jill Schlesinger joins us. Good morning. Weve got a trilliondollar stimulus package on the table and the market still is incredibly unsettled. Why . There are a number of things playing into this. Obviously, uncertainty about how deep and long this period of economic standstill will persist. And i think from the investor perspective, while the deals are on the table, there is a sense growing that a trillion dollars, as big a number as that is, it may not be enough. Were hearing just some of the details coming out, but, really, a lot of the economists that i speak to, they are very worried that were already starting a recession that next quarter that we could see a contraction in this economy of 10 to 15 . Guys, the worst contraction by quarter during the financial crisis was down by about 8 . So this would be seismic over the next 90 days. Jill, i saw an interview with a man who said when you hear youre losing your job you just have to rethink your life. It was touching to hear how upset he was and we all hear that. Whats the potential for future job losses . Unfortunately, economists are really guessing. Im going to throw numbers out there. Theyll sound horrible, but we dont know. Im going to frame it that way. There are some economists i speak to who say they believe there will be 3 million job losses just by this summer. That we could see the Unemployment Rate spike, probably maybe around 6 , 7 , 8 . You remember in the great recession, we topped out at 10 . Now on the good news front, a lot of those same economists believe that as soon as the virus levels peak and start to diminish, well see people come back to work, and that would be great news. Jill, thank you very much. Ahead adriana diaz shows us how Many Americans face extremely tough choices as they try to avoid losing their good thursday morning to you tracking areas of fog around the bay and for the north bay dealing with dense fog this morning heading through the afternoon, partly sunny skies, an isolated shower is possible throughout our day. That better chance to see the wet weather is for parts of the south bay. 60 in oakland and 62 for san jose. Mostly cloudy skies with an isolated shower. To severe psoriasis,ve me Little Things can become your big moment. Map c1 dont use if youre allergic to otezla. It may cause severe diarrhea, nausea, or vomiting. Otezla is associated. With an increased risk of depression. Tell your doctor if you have a history of depressio