For this virus, because it is spreading so fast, from just china, where it all started to some 40 countries today, including the United States. State officials in california, trying to crack down anyone who may have come in contact with this tested positive for the virus from unknown origins. Now word from you see Davids Medical Center that there may have been a delay in testing that person. There are a number of new cases reported outside china. They are now exceeding the number of new cases in china. That is the first time it has ever happened. Countries the world over suddenly pondering canceling big crowd events from soccer games in europe to possibly the summer olympics itself in japan. So many countries, so many. Weve got you covered with the very latest. They are trying to shake off those fears. Good luck . Susan li, tim cook, trying to calm those fears. Good luck. And jonathan in los angeles, where they are suddenly dealing with their own fears, and they are not finding much luck. We lead again with jackie. Hey, jackie. Good afternoon to you, neil. The stock market is tumbling again. I mean, this was a real surge to the downside today at 10 drop. That is correction territory. More than that, as a matter of fact when it came to the dow closing down more than 1,000 points. Even more troubling is the yield on the 10year note. Thats the treasury alltime lows under 1. 3 . Remember, the bond market is where investors, when they seek safety and money pours income of the yield goes down. That is what youre seeing now. It has been a bumpy ride for airlines, casinos, health care, technology, just to name a few groups that have been hit really hard. But there are some bright spots in this market, if you can actually believe it. The surgical mask makers. People have already been stocking up. You can see, 3m. Those stocks have seen some bumps, while 3m, the smallest. Then, of course, youve got the companies that are working on vaccines for the virus, and clorox disinfectant wipes. People are buying them. Less related to the virus, zoom video communication with concerns about coming to the office for work. The expectation is that there will be a surgeon working from home and also videoconferencing. So, of course, that is up. Since monday, neil, 3,000 points have come off the Dow Jones Industrial average. Neil worst level of the day. Thank you very much. She mentioned that big collapse in yields and bonds overall rates. They can also be seen as costs tumbling along with a gas and oil prices. That has been happening, but so far, it has not really benefited stocks. We will be monitoring it. Moments ago, apple ceo, tim cook, touring and apple store in birmingham, alabama, on a day when he stopped to susan li is wrapping up an exclusive check with mr. Cook. Susan. Neil, weve been tracking apple ceo tim cook across birmingham, alabama. Also, launching an education initiative. Speaking to him and that exclusive interview, we had to ask about the coronavirus and how it is impacting the supply chain peered it feels to me that china is getting the coronavirus under control. When you look at the numbers, they are coming down day by day by day. I am very optimistic there. On the supplier side, we have suppliers. Iphone is built everywhere in the road. We have key components come in to the United States with key parts in china and so on and so forth. When you look at the parts that are down in china, we have reopened factories, so the factories were able to work to the conditions to reopen. They are reopening. I think this is sort of the third phase of getting back to normal and we are in phase three. Apple is americas biggest company. Also, a unique position when it comes to china, because not only do they put more than 50 of their iphones together in the country. They only get a percentage of their sales in china as well. Sales may be impacted by the coronavirus. You think you will move some of your supply chains outside of china with this inflection point, especially with the coronavirus possibly squeezing some of these production factories . He said its something they will assess. I asked him, will you see these disruptions pass the Second Quarter of this year . He said, we will have to see. Right now, what you get from tim cook and really from apple, and i would suspect the rest of the entire corporate world is that there are a lot of unknowns at this point, but they are trying to do the best that they can. Neil, i will get you more exclusive interview. Back to you. Neil all right. Thank you very much. A great chat. In the meantime, california, where they are dealing with thats what makes it scary. A person exposed to the coronavirus. We are also learning that the number of cases that they are monitoring that doesnt mean they are all affected by this, but they are watching them for the possibility that they are. Jonathan in los angeles on all of that peered hey, neil. This new cases potentially one of the most significant and worrying yet. The infected woman has not traveled outside the United States recently and has not been in contact with anyone known to have been infected. So, that means shed likely contracted it by an undiagnosed carrier who was still out there somewhere, potentially still infecting others. The centers for Disease Control said in a statement at this time, the patients exposure is unknown. Its possible this could be an instance of Community Spread of the coronavirus, which would be the first time this has happened in the United States. The woman is from northern california. She had been treated at sacramento medical center. According to the cdc, what they called a clinician. Although doctors at uc david, they were too narrow. Cases like hers and others may be slipping through. You dont know what you dont know. It cannot be emphasized enough. We should have caregivers, doctors in realtime on demand to advance these testing protocols. Across the globe, 82,000 people have been infected. The vast majority of those in china where the disease first emerged. Now, also in italy and other countries. They have have been sealed off to try to contain the virus. In japan, the School System has been shut down completely to try to protect children. There are suggestions, neil, the Tokyo Olympics this summer may have to be canceled and the remainder of japans baseball season. 72 games will be played in empty stadiums to reduce the risk of the virus spreading among crowds. It seems very clear, neil, that the global ramifications of this are going to get a lot worse before they get better. Neil just incredible, tom. Thank you very much. Meanwhile, officials from alabama, california expressing concerns. Take a quick look. What do we do these people who come here . When i say we have to listen to the experts and find out when youre dealing with a potential epidemic like this that scares everybody in the world, i suppose, how do we contain this . They were planning to move people in in the dark of night. We were informed on thursday night and they were expecting to move people in by sunday. 3050 people 50 people. Neil all right, forget about the legality of this and whether a government can force that on states. With the latest california case, do the mirrors have a right to be nervous . He is working on a possible coronavirus treatment. Thank you for taking the time. Thank you. Neil you know, doctor, when there is concern in communities about having people quarantines right in their neighborhood, is that justified . It is absolutely justified, because if we dont really diagnose this patient and quarantined them, and we just go with oh, whatever happens, lets just d let people do whatever they want, its going to get worse. Try to prevent the spread of the disease. So, whats being done here in nebraska and other states is exactly what needs to be done to stop the spread. Neil the number of new cases in china was less than the number of new cases outside of china. It triggered concerns that this is getting much bigger than we thought. What do you think customer i hope that the slowing process in china means that the outbreak is slowing down. That would be great news. If thats true, the trend of the numbers of people getting infected or not. But if that is true, that means that this will happen as well outside china. So, we are going to have a time where its going to come down as well. The question we cannot answer at this point is how long is it going to take . As you just reported, what we are seeing today in the last few days, some other countries having new cases. There is going to be an increase of cases before we have a decrease. Neil there are people in california, some who may have contracted the virus, but not the traditional route, but of an unknown origin. That raises some concerns. What do you think . I think the concerns are, im sure that the cdc is looking into that. Two concerns. One is, where is the exposure of this patient . This is very important, because once we know where the exposure is, we can actually trace the exposure to the other patients and try to quarantine the other patients and protect the community. The second concern is that if this has nothing to do with patient exposure and this is a virus that we are just seen starting from scratch, it is a concern as well. Its going to have to be a very indepth study to determine where this virus is coming from. We will need a very aggressive approach from the Public Health perspective. Its hard to speculate, but i think in practice, to answer your question, once we have it is likely they have other patients infected. It has to be pretty aggressive trying to look for all of the possible situations. Neil are right, a lot of new situations. Thank you, dr. Very much. I do appreciate it. Mark it is uncertain forget about all the money leaving come of the period when we come back tomorrow we are going to tell you where a lot of that money is going. Want to brain better . Unlike ordinary memory supplementsneuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. At outback, steak lobster oh no its gone phew its back, with lobster mac cheese. Its gone again its back, with shrimp now steak lobster starting at only 16. 99. And if you want outback at home, order now outback steakhouse. Neil all right, just caught a dash of a crash. And i do mean. What is weird and scary this time is how this happen. In the case of the s p 500, the quickest dissent since 1933. For the nasdaq, the fastest fall since 1971. And this week, its already the worst week since the meltdown back in 2008. Is all that a bit much . Our markets overreacting here . Are people getting a little ahead of themselves and just freaking out . Bob why did ticino and jonas max is this over justified . Well, technically we are over solved, but it probably is justified. I want to tell the folks at home who may be or not in our industry just whats going on here. Stocks are priced on forward earnings. Mastercard, microsoft, apple, theyve all told us they are not going to meet those expectations for this quarter. Goldman sachs has told you there may not be growth the entire year. What happens then is there are point reduction. This forces money overseas. Overseas, he doesnt have any obligations, so they have to pull themselves out of the you. Markets. What you saw today was this downside. It was technical. What happens on wall street is portfolio values control the money. The risk managers watch these technical levels. When they break, they are then forced by the at risk managers to act upon that. They were forced to act upon that later in the day today which forced a much greater reaction on the downside. There is a little bit of hope. Tomorrow is the last day of the month. We are going to be up against some kind of balance. I dont know than him as yet, but there will be a forced selling of the bottom market in order to rebalance. It may not be that large in comparison to what we just saw, but maybe it will at least slow the flow. Neil though is a measure of the s p 500, a good representation of stocks. They were all tanking today. Im just curious, bob. When you look at it, what you tell investors . Interest rates are a lot lower. We are seeing gas prices a lot lower. That should provide a good savings to just average folks and you would think for the market. That pricing is a very real thing. When you are just looking at where the market is, its one of the quickest declines that weve seen since 2008. It was also one of the quickest rallies. The nasdaq today got to the area that we were in december, not ten years ago, not five years ago, just in december. Its reversing a ten week rally. Thats not that unusual when its put in context, number one. Number two, the coronavirus death rate is what is concerning. 3. 3 . If china can actually get declining rates of infection and about to call months or so, first case was about december 27th or so. If they can get decline rates in two months, the u. S. Is going to get decline rates quicker than that. Im probably going to start buying on monday unless it explodes over the weekend. Neil i think what a lot of people are worried about, not only the unknown, but how many more companies followed the apple, the under armour. All these other sane, yeah, its going to affect our bottom line. The more people get worried and say its worth noting that these companies dont really know either. They are just guessing. They dont know what the economy is going to look like in six months. Neither does the stock market. In the short run, its actually just a lot of chaos and scariness that we are trying to analyze. The reality is that we dont know how the consumer is going to behave, how long they are not going to travel, how long they are going to stop spending. Or, on the plus side, are they going to buy more stuff . Interest rates got very low. If the consumer is scared, then it doesnt matter if rates go to 0 . They are not going to buy homes or cars. We dont really know. Stocks got really expensive, particularly tech stocks over the past year. Those are all from high levels. Its what im concerned about is the price is so high relative to this new fear. Neil thank you all. I do appreciate you taking the time here. We are following all of this. Interest rates were at record lows. What it could mean for home buyers or those refinancing the homes they are already in. Meanwhile, forget about markets tanking on this whole coronavirus. Our politicians making things worse because they are busy pointing fingers over this . Wheres the truck . What . Parked it right there. Male voice what did i tell you, boys . Tonight we eat like kings chuckling youre a genius, gordon brake hit the brake uh, which ones the brake . crash, bottles smashing stop stop stooop brakes squealing whats happening . What . Theres a half of cheesesteak back there. With geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. Raccoon i got the cheesesteak its either the assucertification process. Or it isnt. 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Decrease alcohol use. Use caution driving or operating machinery. Tell your doctor if youve had Mental Health problems. The most common side effect is nausea. Quit smoking slow turkey. Talk to your doctor about chantix. The American People needed a coordinated government, fully funded response to keep us safe from the coronavirus threat. Unfortunately, up until now, the Trump Administration has had an often chaotic response to the outbreak. Neil nancy pelosi renewing her criticism of the administrations response to the coronavirus outbreak. So, its bipartisan funding. Congressman, thank you for taking the time. Forget about the funding part of it. I know you are a democrat. I get how it works and all that. His pointing fingers at the other side over this, is this the time in the middle of handling this virus the time to do it . What you think customer i think the country needs to come together. I hope the president will work with us. I have concrete ideas. First, why dont we mobilize science . At the worlds experts working to come up with a antiviral cure and a cure for a vaccine . We should fund it. Its something we could easily afford. Lets fund the cdc. Lets fund the state. Lets fund the nh. And three, lets make sure our frontline workers come our doctors have the equipment they need. Lets solve this. Neil i give you credit there, but the fact of the matter is that nancy pelosi has criticized the president on this idea of not requesting more funds. To me, it struck me as proof well, obviously you had lot of extra money. Well, i think congress should appropriate it. We should work with the administration. I dont agree with you administration, as you know, neil, and a lot of things. People are dying around the world, americans are scared. This is a case where we all have to come together. We are elected to serve the American People. Its a crisis and we need to solve it. Im not really interested in relitigating who did what. I want us to mobilize. Lets get people to solve this problem and if the administration does anything constructive that i think is going to solve it, i will support that. Neil this serves as a reminder that everyone has become like teenage sons. They fight over everything. Let me ask you about this. This idea that its a matter of time before he comes here. I believe the fda has said that the cdc is do you think americans are ready for that . I dont think we are ready yet. I dont think we have enough capacity in our hospitals. I dont think we have a vaccine yet that is cheap and affordable for everyone. I dont think we have an antiviral cure. I think we have the capacity to do that. We need to get the best and the brightest and we need to get the investment in. Let the experts lead. Let the scientists lead on th