First coverage. John roberts at the white house with the battle against the virus is taking center stage. Good afternoon to you, charles. At least on the right side of the ride. The stocks finishing up more than 1,000 points higher passing through those session highs, but not without bouncing around. This was all after a 2,000point drop yesterday they continued fear about the coronavirus and huge plunge in oil prices. Lets look at the playbyplay. The open was strong. We had uncertainty creeping in. A midday rebound after Vice President mike pence that the Biggest Health insurers would cover coronavirus testing. Strong rally here into the close as well. Much of todays optimism was on stimulus help from washington to help combat the problem. Page sipaid sick leave. Hearted approach for hardhit Industries Like cruise lines and airlines. Then there is oil. After that massive 25 plunge yesterday, it bounced back by more than 8 today but lingering under 35 per barrel. There is a question mark there. Thats a little unwind of what we called the safety trade on wall street. Finally the yield on the 10year u. S. Treasury note recovering. Its a little pause or gas with but of air. They all led the rally today. Apple, home depot, mcdonalds, all companies with very significant exposure to china. Charles, the uncertainty remains. That is the problem on wall street right now. We are going to have to continue to watch this. Charles we certainly will. Thank you very much. President trump pushing for tax cuts as part of his coronavirus response. Even some republicans are pushing back. Good afternoon to you charles. The president up there on a for the senate g. O. P. Policy at lunch today. A chance to rub shoulders with his republican colleagues. He took the treasury secretary up to the hill with him today. Heres what the president said when he emerged from the meeti meeting. President trump we had a great meeting. Tremendous unity of the republican party. We are working on a lot of different things. Very good updates on the virus. That is working out very smoothly. Tremendous people. It is a tremendous task force. Lets put on the screen some of the ideas that president was talking about. We have this confirmed from several sources. He talked about a possible full exclusion of the payroll tax cut. That would be employees and employers. Basically taking the 12. 4 fica withholding as it is called down to 0 . I president im told like the idea of making that permanent. Wait a second. Whered you get the money from to replace that . Apparently there are some ideas that they could backfill it from general revenues. The president expanding paid leave, loans to Small Businesses and tax relief for Industries Hit hard including potential some relief for the shale oil industry. No real plans for senators to sign off on. Its just a series of ideas. Heres what the treasury secretary said about it. I would not say its a negotiation. We are having discussions about various different policy. The president and Vice President had a very good lunch with republicans. We spoke to them about the ide ideas. I think theres a lot of interest on a bipartisan basis to get something done. Some lawmakers are worried that this may be a big bullet too soon. The Airline Industry as we did after 9 11. The cruise ship industry, shale oil producers. Protection rather people who have to stay home from a job. Self quarantined. Putting it out there with a 12. 4 . That is a little bit too big too soon to do that. Hold out and reserve may be, charles. Charles we will see. Its going to be a battle. We have some breaking news. We are going to go live. A press conference of the government enforcing a containment area in the path of the coronavirus outbreak. Speech of the guard will not have a military or policing function. They will be here to assist with logistics. The city itself has activated its Emergency Operations center so that we are ready to coordinate it with the guard and with other state authorities to whatever degree they recommend and whatever degree would be constructed. Hand sanitizer. As you know, the state has created its own brand of hand sanitizer. A significant shipment of that sanitizer has been brought to new rochelle. The city is correlating with the state in order to deliver that sanitizer to large institutions. To those but not exclusively those that serve senior citizens. It is not available to the generapublic. If that changes we will make an effort to get the word out. Several days ago, it was announced that Nursing Homes and assisted living facilities would no longer be able to accept visitors. We recognize this is a hardship for many people in our community. It affects my own family. My mother is presently at one of the Nursing Rehabilitation centers. My brothers and i are not able to visit her. Its painful for us and painful for her. We all recognize that it is in the service of Public Health goals. Seniors and those with compromised immune systems and compromised respiratory systems are at greatest risk for this virus. We want to do Everything Possible to make sure that it is not spread to the vulnerable populations. Our Senior Center will be closed until further notice for the same reason. We will be delivering cold meals to vulnerable seniors beginning on thursday. That is one example of the fashion and that city thinks to think comprehensively of how we can assist those in need. Its very important to reiterate the same reminder that we hear from the governor every single day. The vast majority of those who contract coronavirus will recover without difficulty and will recover without hospitalization. It is a relatively small fraction of individuals again, principally seniors and those with compromised health that will face more difficult challenges. Its important always to get that into perspective. I would like to take this opportunity to express my thanks and a thanks of all people in new rochelle for the Exceptional Leadership that has been provided by the governor, the county executive, and by there irespective officials. We have been collaborating with them since the beginning of this process. We feel as though their attention and focus on the statewide challenges has been exceptional. I also want to express special thanks to the young israel of new rochelle congregation. As many of you know, although this affects everyone in new rochelle, the heaviest burdens have fallen on the members of young israel. Charles that is the mayor of new rochelle, new york, the governor of new york declared a special zone a buffer zone if you will. And now the mayor clarifying some of the particulars of that zone. We will continue to monitor this press. I want to bring in democratic strategist and market watch. Let me start with you. Ive got to tell you. Despite all of the initial political bickering and some of the fingerpointing that still goes on. I think it is these kinds of efforts that the American Public needs to see and wants to see. And im glad that it is starting to happen. Yeah, we need to see our leaders take this seriously. I think one of the big issues and big worries piercing the market is that not enough people are getting tested. There is a message coming from the white house that is very different from what we are hearing from the cdc. The Administration Needs to speak with one voice. I think that will alleviate a lot of the concern. Charles it is interesting. Everyone is a epidemiologist and an expert on the stock market as well. Especially people that did not know that it went up so much over the last three years. Yesterday, he gave President Trump and Vice President pence a shout out. I think folks watching this show are saying hey, for a moment, lets put away the political stuff and get to the hard decisions that are being made. Some places are debating closing schools. Look at italy. The entire country to try to curb this thing. Think this is what the country needs to see. One of the biggest thing in my conversation with people around the administration, a big part of this is messaging. People on both sides of the aisle say that the administration has done a good job of messaging here. Trying to stem any fears or panic going overboard with the effects of the virus. Again, we have seen this in the market. The markets they have been doing a little bit better today. They have been thinking on how the virus has being the biggest threat to the economy since the 2008 financial crisis. Trying to provide some sort of Economic Relief package and working with members on both sides of the aisle again to combat this. It is a very serious time right now. Everyone is fully focused on this. This is ruling all coverage. I was on the hill today. It felt like the same response that we had during impeachment. Crowds of reporters try to get answers. So we will see. Charles let me bring in larry. Because he does watch markets for living. A great excuse for anyone who wanted an environment in part after President Trump came out and said b card the markets are looking for some good news and looking for progrowth policies to continue. Certainly if they have become concerned. They are concerned about the election and tax policy. We know that most of the Small Businesses most of main street the last thing they want to see our higher taxes. That doesnt mean that lower taxes are going to solve all of our problems. They not be the solution, but we want to see those combined with progrowth policies. Everyone is concerned about how this is going to play out. What is going to be the impact on the deficit when this is all said and done . For now, we will relish on a positive note. We are hoping this can be the start of some confidence. Uncertainty on wall street shows up on main street. We have to keep people, dead, because we live in a consumer driven economy. Charles youre absolutely right. We have oppressor thank you very much. New york governor deploying the National Guard and establishing the 1mile wide containment zone in new rochelle, new york, to help contain the spread of the coronavirus. Six lawmakers contained themselves. Well talk with the one that met with President Trump last week. President trump did not seem too worried about getting sick, himself. Translator i dont think it is a big deal. President trump i feel extremely good. But we need something better. Thats easily adjustable has no penalties or advisory fee. And we can monitor to see that were on track. Like schwab intelligent income. Schwab introducing schwab intelligent income. A simple, modern way to pay yourself from your portfolio. Oh, thats cool. I mean, we dont have that. Schwab. A modern approach to wealth management. Charles six lawmakers are under self quarantine after interfacing with people who later tested positive for the coronavirus. One of the lawmakers joins me now. Thanks a lot for joining us. Hey, charles, always good to be with you. Charles how are you feeling . Im feeling great. If thats the point that i want to make. Yesterday about 1 15 we had been in contact with someone. We wanted to follow the protocols. The protocols are working. I think we had a previous guest that said the administration that could not be further from the truth. There are people that need testing, the people who are sick. Anybody who is sick and showing symptoms are able to be tested. We are taking appropriate measures from there. We wanted to make sure we are doing what we needed to do. I can get back on friday and get back out to do what we need to do outside. Charles when and how did you find out . How long afterwards it was it that you actually came in contact. You have been shaking hands with President Trump. We found out yesterday at 1 15. It had been a while. We came in contact with this individual on thursday. We had done a lot of interviews that day and a lot of folks came up with 200 fixtures greeting folks. It appears that the individual who tested positive gouda photo with a person and probably was not with him more than a minute. We wanted to make sure that we took the precaution, because we are out in public. There is a lot of folks who are concerned about whats going on. When you follow the protocols with people who come in contact with someone who has tested positive, things will be okay. Its also that just coming in contact with someo does not automatically mean that you get the vis. That is what we are working on. That is the message we wanted to get out. Charles six lawmakers on selfquarantine. A lot of talk and chatter in washington, d. C. , on the next move. Early the markets were up 5 and gave it all the way. I attribute some of that to the noise out of d. C. The American People are watching very closely. Can the two parties come together and put some sort of fiscal policy together that will assuage main street and also help these markets . I think that is something they are definitely looking at right now. Not simply opening up a checkbook to give away funds. I think washington, d. C. , has continued. The administration has a clear stance on how we are fighting this virus. Last week funding for this. There is some concern at washington, d. C. In a week that we are concerned about the coronavirus, unfortunately, the democrats are putting a bill on there that would take the president s authority away to help and do exactly what the president did when he curtailed china. We have to get better than this. We have to not use this to politicized events. People who are affected, especially the seniors, the vulnerable population are at higher risk for wash their hands. Go to the doctor and get tested if they are sick. Not politicized what is going on right now. Charles to you so much for joining us. Be safe. We appreciate your Public Service announcement. We cannot say those things you said often enough. Thank you. Thanks a bunch. Take care. Charles its over at the covid19 worries. Well have updates from ohio next. You wouldnt accept an incomplete job from anyone else. So why accept it from your allergy pills . Flonase relieves your worst symptoms which most pills dont. Get allinone allergy relief for 24 hours, with flonase. You will see at vgreat and look great. Ee which most pills dont. Guaranteed we say that too youve gotta use these because we dont mean it. Buy any pair at regular price, get one free. Really visionworks. See the difference. Kelly clarkson whatre you doing on our sofa . Hey there whatre you doing on your sofa . Try wayfair. You got this woah. Yeah let me try all alright, get it blow it up thats what im talking about. Except thats my seat, so. All right, so maybe after the movie lets talk about that bedroom of yours when was she in our bedroom . Tech dont wait for a chip like this to crack your whole windshield. With safelites exclusive resin, you get a strong repair that you can trust. Plus, with most insurance a safelite repair is no cost to you. Customer really . singers safelite repair, safelite replace. Charles worries over covid19 forcing Bernie Sanders to cancel a rally in ohio tonight. Charles, a little while ago we had heard from Bernie Sanders that he was shaking fewer hands than normal after answering a question about the coronavirus. Minutes ago, his campaign told us they are canceling his events here out of concern for Public Health. Sanders is now apologizing to the thousands of ohio residents that they were expecting tonig tonight. This is quite a turn, because he was expected to rally here. So is joe biden. We have reached out to the biden campaign. We dont know if this event will go on. As of how people are voting, sanders said that he was feeling really good at his chances. And his first contest since Elizabeth Warren dropped out. I am very proud that today i think as we are down to a twoperson race, that the people of michigan understand that there are very substantial differences between joe biden and myself. Joe biden also got a lot of attention today for treating many auto plant workers with smiles and handshakes. But one Fiat Chrysler worker with a fourletter word. [bleep]. [bleep]. Charles that man claimed that he heard im saying something about his record on guns in the second i met him in. Voters in early states are not just taking primary candidates based on personali. They were real policy concerns in a lot of places as well, charles. Charles thank you very much. Another colorful encounter. It is joe biden in a different way getting ahead of the game . According to a new report, biden is already discussing potential cabinet members on his administration. I want to get the read on this from joe lieberman. Thank you for joining us. Thank you, charles. Charles we never saw were so many candidates dropped out of a race and immediately pivoted and endorsed the person that slings and arrows have been going to. Apparently, a lot of premises have already been made. Maybe getting ahead of himself here . Yeah, i think so. When i was in the ascendant, i work in the Governmental Affairs committee to create a program which was created to give nominees of the major parties for president funding after they get nominated to begin to get ready to take office so they dont have to delay once they get into the oval office, which ever wins. But this is a little early. The story i read it in the paper. It seems like rumor to me. In some ways, it may be clever by some people if its real. It appeals to some of the people whose names i mentioned. Frankly, it can scare people away. In other words, Elizabeth Warren mentioned as secretary of treasury. They could have an impact not a good one on the stock market. Charles the sound out of the encounter that joe biden had with a worker a union worker. Of course, he laid out a couple of curse words there. Adamantly defending his position saying that this guy was wrong. This is the biden that maybe we saw back on the debate stage. He was feisty. He was loud. He was the one that took on corn pop. This is the one that has propelled him back in front. Is this