know this doesn't sound appropriate given the moment we're in, but today, upgrades of clorox, ebay, costco some of them make sense. is this the time to be reading those? >> they're early i read through all of those. started the morning early like you did. i'm thinking, well now is the time to -- to make a big bet some of these guys were upgrading oil companies. i didn't see a single upgrade that i thought made any sense. as a matter of fact, the opposite when you keep your powder dry, you don't know how much we'll be down today is today the day where we'll be down 13 or 20? wait and see there's -- i don't mean to pick on jeffries, but let me pick on jeffries >> las vegas sands >> las vegas sands the full faith and credit of what f full faith and credit of caterpillar? i like caterpillar, i don't want to buy a single company where the numbers are too high carl, with the exception of clorox -- >> jpmorgan. >> -- i do not see a number where the numbers are reasonable i think they're all too high, except for clorox. i'mraising clorox. >> the jeffries call on las vegas sands, the title of the r

we're giving everybody a sani wipe i was in costco they were giving me a wipe when i walked in lots of purele bottles around the store right now. what i would recommend to everybody is, i feel the -- we're doing our best job keeping the food safe, keeping our workers safe, they're all trained in food science, they're wearing gloves all the time, teaching them about keeping disn distance and using good hygiene all day long i'm washing myhands like everybody watching today, i'm washing maybe 20 times a day now. so i think taking normal precautions every single day is the way to go right now. i wouldn't be personally i don't think you have to be freaked out right now and say can't go out of my house. >> yeah. >> that's my own personal opinion. other people are doing. >> stew, i'm curious what you make of some of the response efforts coming out of the federal government right now as the owner of a medium-sized business, something like payroll tax cut, for example, how much would that help a business like yours in this time of uncertainty? >> well, i think it would help and definitely i fee

into the costco -- >> reporter: lines snaking around the building before dawn. stores across the country running out of basic items like toilet paper and water. the stop & shop grocery chain announcing new early shopping hours for customers 60 and over. facing questions at the white house, president trump made clear that they are not looking at a nationwide quarantine at this point. but he did say they are evaluating so-called hot spots, hard-hit areas across the country, to see if any additional restrictions could be required. whit johnson, abc news, new york. >> our thanks to whit there. >>> across the country, hospitals and health care workers are facing a critical shortage of personal protective equipment. >> pretty concerning. the items in short supply include, get this, masks, eye shields, gloves, gowns and face shields. the fda says masks not intended for medical use can be made available to health care workers. that agency is also working on ways to conserve supplies. this as two emergency room doctors in new jersey and washington state have tested posit

. >> reporter: in maryland today trucks loaded with supplies headed to a slammed costco the same in florida. pinched public stores getting resupplied in california the north gate gonzalez market, one of many shops opening early for older shoppers 65 and up. >> we're going to have exclusive for seniors. >> reporter: and tonight at an aldi, there is enough toilet paper. how do you feel about finding toilet paper >> pretty good about that. >> reporter: at a time when coronavirus has put so many people out of work, grocers say they're now hiring thousands of employees to meet the unusual demand lester >> well, that's some good news, kerry, thank you >>> america's schools are also grinding to a halt nearly every state has closed some or all of their schools impacting some 30 million children more than half the nation's students, many of whom rely on schools for their meals. here is rehema ellis. >> reporter: across the country, long lines at america's schools offering unprecedented relief during the shutdown. >> this does help to have a little food. >> reporter: for the most vulnerable children,

san francisco haaziq kron 4 >>they already know this shoppers are crowding big box stores such as costco and target to try to stock up on supplies and prepare for what the coronavirus pandemic might bring us some people are finding hygiene supplies like toilet paper and hand sanitizers already sold out how com four's maureen kelly talk to people out and about today trying to purchase those hygiene items. >>rhonda williams filled her car with the items she was able to find around lunchtime inside the coma target she came up short on several things such as the kind of cold and flu medicine. >>she was looking for a basically because what my has the timing for over a month and i've been ignoring hand i realize that maybe take a little bit more seriously than we have been taking that. >>su a special does the extra cost to restock base think this is the aisle where they keep the toilet paper which you can see has been wiped out. there were several areas which had mostly empty shelves inside although an employee tells me. >>trucks come in every morning so they can restock their shelves but high

to try to get into the costco here in the city. >> reporter: lines snaking around the building before dawn. stores running out of basic items like toilet paper and water. the stop and shop grocery chain announcing new early shopping hours for customers 60 and over. at u.s. airports, chaos as americans rush home. after travel bans on european countries. passengers waiting hours, shoulder to shoulder for medical screenings. >> i definitely felt unsafe. if the government is telling me to stay in groups of less than 50 and keep social distancing, that was the opposite. >> reporter: but departures areas around the country eerily empty. >> look at this! there's just nobody here at the airport. >> whit, the president and these new guidelines. dr. fauci saying this is guidance for the next 15 days, then they will reassess. and the president was asked if he was considering a nationwide quarantine. >> reporter: david, he made clear at this point they are not looking at a quarantine. but they are evaluating hot spots or hard-hit areas to see if additional restrictions would be required. >> whit,

. >>> we're back now with long, long lines outside of a costco in santa clarita, california. a surge of shoppers flooded the store on thursday with hundreds of people lining up. now similar scenes have played out across the country as the coronavirus outbreak spreads. the hot-ticket item for many? toilet paper. stores have been forced to place purchasing limits on some items. >>> adding to the call for america to increase its capacity for coronavirus testing is one of america's top public health officials, dr. anthony fauci testified at a house hearing thursday that america has failed. >> but in an interview with abc's linsey davis, he clarified what he meant by failed. >> so you testified today that the u.s. testing system is currently failing and we're not set up for universal testing. who's responsible for this failure? >> i don't think it's anyone that's responsible. what i was referring to is the system as it was originally designed was really designed for a patient to doctor relationship in which the cdc would make a test, give it to the public health authorities in a p

this video was taken at costco in san francisco. >> wal-marts their hours. >> reporter: amid the growing coronavirus pandemic people streaming to their local stores where they're finding long lines just to get in. >> it was quite crowded, and we had to wait outside for about 20 minutes before they let us in. >> reporter: experts are calling it fear contagion, and those fears pushing people to panic buy. >> there's no water bleach, clauorox wipes. >> reporter: health experts say shoppers should concentrate on items part of a healthy diet but also stock up on staples. >> you get the rice, the beans, the spaghetti, things like that, peanut butter. if you have all that on hand you don't have to make as many trips to the grocery and be in touch with other people. >> two super market chains, public and north carolina based announcing they will be closing all locations early each evening to concentrate on cleaning and restocking store shelves. if you want to avoid stores altogether the cdc is suggesting other ways of getting groceries such as through delivery services. >> you can ask the delive

. >> and, coming up in the 7:00 hour what costco is doing. we'll tell you about the new shopping time for senior citizens and when stores will be closing during the week. >>> welcome back to mornings on 2. time now is 6:45. and unfortunately the number of coronavirus cases around the world is continuing to rise. johns hopkins university reports the total number of confirmed cases is now more than 788,000. the u.s. has more than 164,000 cases and 3,100 deaths. italy has at least more than 100,000 cases but has the most deaths at 100,000 cases. experts say strict measures to combat the coronavirus pandemic may be paying off though. health officials say italy and spain should soon be stabilizing. france has now become the fourth country to surpass 3,400 deaths. major cities already having orders in place have some people heading to their country homes in hopes of avoiding the virus. . >> translator: there's no need to panic. we're not panicking. we're just minimizing the likelihood of getting infected in a mathematical way. >> to get down in the

however, last week shares of costco, walmart and target all rose as sales spiked amid coronavirus buying in those locations. joining us right now for more on the story is bill simon. former walmart u.s. president and ceo and jan kniffen. jan, let's start with you. the tales of retail destruction. what's really happening in the malls and some of the other places >> well, before i was really worried about the supply coming out of china the fact trfactories are back u and running. it's really going to be okay because now we have a demand problem. nobody's going to the mall all of that product not showing up wasn't going to sell anyway yes, if you go to costco, walmart, target, there's people hoarding i was there. at 9:45 store doesn't open until 10 the parking lot was full. so that side of the business is fine the mall side of the business, nobody's there they're way down on traffic. >> let's talk about the positive story where we've seen excess shopping like costco, target and your former employer, walmart. >> they're good at supply chain and low guess sticks they're able to keep their she

they can to keep all of these public communal areas clean and store shelves empty, warehouses like costco, out of toilet paper. chris is live in times square. chris, the center of the world is extremely quiet, even just for past 6:00 a.m. >> it really is. i would say being here in times square at this time of the day is always surreal, but this is really surreal. i've give a little bit of a look behind me. normally this time of day, you would see a lot of tourists out here. right now, we really just have members of the times square alliance cleaning up. i'm struck really by the rack of traffic around here. at the very least at this time of morning, you would start to see a lot of vehicles come through the crossroads of the world. and we're not seeing that at all this morning. it's surreal. that is the best way to put it. new york city is going through what the rest of the country is going through, but with some very different issues. as you mentioned, broadway shows are canceled possibly for the next month. so that means that last night a very nice spring, 60-degree night, a friday night

stand as to how retail has been played by inv investors during this crisis is it very simple by the costcos and defenses of this world >> you buy the retailers that have been doing well before this i don't think you really want to step into these retailers that have been under a lot of pressure because of this because they already had fakctors workin against them a tough call foot locker in the short-term. i don't think anybody wants to go try on shoes right now. hand sanitizer may only be 5%, but lotion everybody's got a a lot of dry hands right now. another 5, 10% >> you're taking the bull side >> we have up 3.5% on the s&p. breaking news from the white house. eamon. >> we're learning more about what the president pitched on capitol hill in his meeting with senate republicans and what's under consideration here at the white house in terms of economic ideas. a white house tells me that a assistance to the shale oil industry is under consideration here at the white house. they cautioned though that they don't know whether or not that will be needed and they're saying they're not talking abo

government, here's what the world will look like there will be a few companies, walmart, amazon, target, costco and home depot then there will be 50 million people unemployed. if you don't get this done, that's the world there will be jpmorgan, bank of america, wells fargo and maybe citi we run a risk now that's all the companies and they're the only ones who have the credit to do it we can't have that happen, madam speaker. t that would be the disaster for america that you and i both think is unthinkable is there any give? do you have -- do you need something from mnuchin what are you willing to give in return so we get this done today and we do not have that look of what this country will be if we don't get agreement. >> we have to get agreement. that's why you have to weigh the equities when you're -- i didn't want to do immunity from liability, but i knew i had to do that to do the masks, so we can get the masks out. again, it's legislating. you don't get everything you want that's called compromise that's important >> right >> and weighing the equity of getting those checks, as you all wer

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plus a big change coming to costco today it has nothing to do with the coronavirus. imagine that. keep it here on fbn:am. there's a company that's talked to even more real people than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. ♪there's a me no one knows ♪waiting to be set free so, what's the empty suitcase for? the grand prize trophy ♪i was born to be somebody lauren: nationwide academic taking center stage during first one-on-one debate between bernie sanders and joe biden the candidates waste no time slamming president trump's response to coronavirus. >> well first thing we've got to do but we're not on president is to shut this president up right now is unacceptable for him to be blabbering with unfactual thftion. the world health organization offered, offere

meantime, people have begun lining up before 3:00 in the morning at a costco in southern california. while you may see few empty shelves, costco's ceo says the flow of goods into the stores is strong. >>> meantime, in today, they talked about an effort by the california grocers association to have stores voluntarily limit panic buying. but if that doesn't show results in a month, he is ready to introduce an ordinance to make it law. >> if they cannot regulate and it is not working amongst all stores, then we need to see what we can do to implement something county wide. >> the ordinance would limit purchases of some items to just four. he adds that when one bay area county starts a safety campaign, others are likely to join in. >>> still ahead, a couple is ready to get married at beautiful san francisco city hall. but now those plans are on hold. what happens to their marriage license, which is about to expire. >>> and, no, those are not coyotes. what had a north bay community howling last night. >>> and i'm meteorologist drew. we are in and out of the showers today and tracking more

it was very light as far as the people that were there i was also at costco and stop and shop and it was literally the busiest i have ever seen the costco i was in and it's never busy at the end of february. it's very normal end of february you're supposed to be able to drive in and park. there's supposed to be shopping carts. there was neither. i had to drive around the parking lot until somebody pulled out to park that's never happened to me including at christmas and thanksgiving. >> the west coast to the east coast people were out and stocking up. they want to make sure that they stock up in case there's supply issues down the road. >> evercleaning product out of the aisle gone but it was the same story at costco they were buying rice. packaged rice at such a rate that the people were stocking the store. >> does this actually matter >> i don't think this is a few days you're going to see this go on for a long time. 60 million pop in america came down with the swine flu over a one year period. 275,000 of them got hospitalized and 12,000 or 13,000 of them died this thing may not lo

gathering in one place, now they've all come back from overseas, they're probably all going to go to costco and kroger tomorrow to stock up on their groceries. >> that's a fair point, yes. everyone was kind of surprised. most people got word in the middle of the night or the middle of the night wednesday night, thursday morning, wherever they were. but, that something was up. but, if you called your airline and asked them what you should do and what, you know, i'm a citizen, can i come back, the airlines had no idea what was going on. it was very confusing for everyone. no one knew if they had to come home immediately or if they could even get a flight. so it was not a clear situation. >> so you, i mean, clearly you don't think that this was well thought through from, you know, ban to entry. >> no, i don't think it was. and the people working were very polite, and we had someone mention to us that was working there that this is such a fluid, constantly-changing situation, we have no idea. >> where were you coming back from? >> paris. >> paris. how are you filineeling, being in the country n

the glory of his guts after this he was seen fighting with coronavirus propers over toilet paper at costco. congratulations joey chestnut. now the world record holder for the most big macs eaten and that sitting. the world for the most fingers is held by mayer bloomberg. i am a billionaire. topic number two, today it was commonwealth day in the united kingdom, and all eyes were on the orissa cats for many known as prince prayed that they are mr. and missus markel fulfilling their last, the official royal do his last minster abbey, mega having a klobuchar three and dress with a handbag where she keeps terry's meatballs. here's a couple, taking ins the courtyard, megan later ordering those women to be executed before seeing the royal relatives to the final favored should the throne. after the service of megan excepting flowers from her during public. they are big fans of the show suits, look who else attended the common wealth they activities. you guessed it, prime minister justin trudeau going a little overboard with the makeup. big fan though. a little early for halloween, sir. spreading t

small businesses open if we come out of this, there will be three retailers, amazon, walmart and cost costco that is something that the government cannot afford to have happen if it comes out that those are the three, can you imagine, david, what it means for this country to have three retailers? >> no. no it would not be a good thing in so many different ways, jim. you're right, they're dominant already. and certainly cementing that dominance conceivably given the highly unusual conditions in which we find ourselves. carl, we have an opening bell. over to you. >> david, let's get to the bell. final day of trading at the new york stock exchange for the week before they go all electronic. tom green is the vp of building operations at the nyse the global head of capital markets at the nasdaq there. in terms of today's activity, oil has been swirly today as the russians say we don't need anyone to intervene in our saudi relations after the president said yesterday that there was opportunity perhaps -- it's hard to know what he meant in terms of restoring some stability to oil. >> it is interest

costco is no longer giving a free sample program due to coronavirus virus concerns according to usa today >> that's okay i'll talk to rich glanty and suggest they don't suspend that. wouldn't it be nice with gottlieb helped pence. i would love to say you're in pence, fouci you're going to do a good job, provide leadership anything can happen. you can do that. >> pence is meeting today with -- he's doing a teleconference with governors at noon the task force meeting at noon a press briefing at 5:30 the president is in florida and holding a fundraiser >> a fundraiser? >> yes >> for small business? >> no. it's a i think a campaign fundraiser the vice president will hold the meetings your argument is bring in health officials from the private sector >> yes say listen, if we need to, we'll make it so that every -- we'll do kind of a wuhan plan in place. we know how to build hospitals too. does it have to be only the chinese? what is this the eighth army building a bridge? we can build hospitals we need to be led. >> we could also borrow at ten years at less than a half percent. >> i would like

take a look at these pictures from someone who visiting a costco in wayne, new jersey. been to that one over the weekend. it wasn't me now we have nowhere to go. and everyone's taking the baby wipes. they found empty shelves like these and the run has lifed toks like kroger and costco which is higher in the past week and has earnings after the bell, let's bring in rupesh from open heimer good to see you. first of all, can both kroger and costco cope with this level of demand for the foreseeable future >> yeah, i think they can. so i was at costco the past few days and stocks on the toilet paper so i think ko is handling it well and then for kroger, i would say the same thing if you give these companies time, they are able to restock their shelves, so i would expect the stocks to continue improving in the comiing days >> i guess the question goes back to the long-term benefit that these stocks might see. it's understandable there would be kind of a one time rerating as people say you know what, and by the way, they have backing buy kroger r and costco has been one of the

a line wrapping around the building at this costco in washington state. and in northern california, empty shelves as people stock up on things like wipes, toilet paper, and water. health and human services secretary alex azar promising to expand testing. >> we're ramping up testing. we now have 75,000 tests available out there in the united states. over the next week, that will expand radically. >> kaylee joins us outside the nursing home. health officials could be dealing with a bigger problem in washington? >> reporter: that's right, tom. researchers in washington tell us their analysis of samples of the virus strongly suggest there has been the virus spreading for six weeks in this state. authorities have shut down a high school after a student tested positive there. and tonight, two newly confirmed cases in california. tom? >> kaylee, thank you. >>> next to the growing travel danger as coronavirus cases jump. americans urged to cancel or reconsider travel plans to europe and asia. the louvre shut down. 130 new cases in that country and a nearly 80% in

>> you know, it's not just costco. it's scores all across america right now. i'm in front of an aldi. the store just opened at 9:00 and standing outside were about 25 people waiting to go in. the president did say that based on his conversations with the executives of grocery store chains across the country that they are estimating consumers are buying about 3 to 5 times as much food as they normally would and that's causing pressure to the supply lines. to give you an example of how difficult it is just here in the kissimmee, orlando, area, we ventured out and did a little shopping on our own. this is the sort of sign that's handed out. it says due to the demand they're limiting at scores what people can buy. toilet paper, two rolls, towels, two rolls, eggs 3, milk, 3. they're limiting it. we went and purchased a roll of toilet paper, some bleach and the tiniest of all little hand sanitizers. it took three hours going to six stores to find this. so you get an idea of how difficult it is, stephanie, to find the items. the question is, are people going to sort

walmart is big winner with larger retailers like costco. i want to focus on costco for a second. that is one of the s&p 500 winners. why? you have the expectation that people are still stockpiling. so they are going to costco to by. pictures of huge lines in costco optimism towards end of the day, that traders, investors, believe, policymakers, central banks will come through to mitigate any type of impact from the coronavirus on the global economy. back to you guys. melissa: kristina, thank thank . oil snapping a six-day losing streak. let's go to phil flynn with more on that. phil. >> it sure did. kristina said you never want to fight the fed or all the central banks across the globe. oil prices are responding to a big move back up on the stock market. even signs of demand destruction, even though it has been historic may have not been as bad as we originally thought. there is a lot of talk about opec. they're the central bank of oil. they like to tell themselves that's what they are and there is a lot of rumors swirling around about a production cut. the meeting goes on the 5t

a line wrapping around the building at this costco in washington state. and in northern california, empty shelves as shoppers stock up on wipes, toilet paper, and water. health and human services secretary alex azar promising to expand testing. we're told seven residents of this nursing home just outside seattle are exhibiting symptoms of the virus and they're in isolation. a high school in everett, washington, has been shut down after a student tested positive there. kaylee hartung, abc news, washington. >> our thanks to kaylee there. the trump administration is working to assure americans that the threat of the virus is low. the white house says testing kits are being distributed to local officials and more on the way. >> the administration has also implemented the highest travel advisory to regions like italy and south korea, which have been seeing widespread virus outbreaks. people headed to the u.s. are being screened. the president said in a tweet sunday they will also be screened when they arrive in america. >> in paris the famous louvre museum was

now understand even the best ones like a splunk, greatette quarter, down 14 today like a costco getting hit in the after hours. anything can have a short-term problem. but i am with bill mcdermott i am with servicenow let's go to chris in virginia, please chris? >> caller: hey, jimmy chill, boo-yah. >> boo-yah, my friend. what's going on? >> caller: hey, i'm 33 i've been watching this show since high school. you've really helped me mold myself into a great investor i'm grateful thank you. >> thank you >> caller: i found a company that really seemed to benefit from the secular tailwinds of the growing esgn indexing trends what's your thoughts on msgi >> run by my good friend henry fernandez. yes, he is my friend, from real life he is my friend because he and his wife are good friends with he and my wife handy does a remarkable job. i've been recommending his stock since i met him. and i'm sticking with wit. i met him a long time ago. charles in new jersey, charles >> caller: huntsville. your insights on dq? >> have i enough problems. this is a chinese company and i think the chinese mark

costco is pulling their free samples. [ laughter ] trump needs to send mike pence to costco to figure this out right now. this is also scary news for costco shoppers. this was from the weekend too. o.j. posted, "coronavirus? who's afraid?" [ laughter ] i don't know. are those two separate questions or one? because whenever you're out in a mask we're afraid, all of us. [ laughter ] i've been doing my part to fight the coronavirus. the virus we are trying to spread is called the elbump. there it is. e-l-b-u-m-p. we branded this last week. and it seems to be catching on. for instance on kelly and ryan, there's whitney cummings doing the elbump very elegantly. mike and tony from pardon the interruption. djimon hounsou. he did the elbump. coach k and roy williams. even vice president mike pence is participating. put it there, soul brother. keep doing that. just get in the habit of doing it. the president publicly seems determined to keep shaking hands. he has said that and that he will not cancel his rallies. but a report today from "vanity fair" says he is privately terrified about gettin

. >> i panicked because i went to costco, there's no water. >> reporter: these are various costcos and a line just as long outside a store in brooklyn. at this public supermarket in ft. lauderdale they were doing double takes over this, seeing a shopper who was either kidding or taking the coronavirus fears very seriously, dressed head to toe in a hazmat suit while getting supplies at the grocery store. >> the end of the line for the toilet paper and paper towels is right here. >> reporter: coast to coast, even hawaii, stores that were recently filled with bottled water, baby wipes, and toilet paper empty. >> we saw the masks first. hand sanitizer went a little after. people are nervous about the potential spread. >> reporter: one consumer research firm says sales of dried beans are up 10%. thermometers up 47%. hand sanitizer 73%. none of those numbers take into account sales from the last week and a half. on their website, kroger announced they will be limiting the number of sanitization cold and flu-related products to five each per order. >> i think that's really good that they're l

i was in costco over the weekend. god bless american consumers people were piling up pecans for the pandemic why? they had enough mustard for generations. >> they last a long time >> consumers are very brave. it is businesses that lose their nerve. that is the point. >> good point. goldman, travel restrictions target cancels the investor day. vanguard is cutting all cross border travel for the foreseeable future who is freaking out more, consumers or companies >> i think businesses have legal concerns and there are some genuine concerns but businesses are cautious about this they don't want their employees to come down with this virus a lot of things can be done with telepresence and teleconferences. businesses generally act more prudently. consumers when it comes to the issue of consuming are pretty brave. >> last question to you. you're talking upside risk and say there are buys out there which industries are you looking at >> we think there's still enough worry for the down side and enough uncertainty overall that

, all higher and many are worried about the spread of the coronavirus breed of shoppers flock to to costco and walmart over the weekend stockpiling everything from ten beans to toilet paper. you can see the shares higher over 7% than walmart and walmart announced it would launch its own amazon prime kind of membership. not everyone was a winner today, shares of lake linda plummeted and both companies. they urged people on twitter to "stop buying masks because they're not effective in preventing the public from catching the coronavirus." right now, investors don't know what the economic impact of the virus will be but today, you can see markets roar back. bret. >> bret: christina, thank you, other top story tonight, major movements in the democratic presidential field beta i was away from tuesday voting in mayor pete buttigieg and klobuchar out. if vice president biden say he's all in. correspondent peter is here to talk all about it. >> democratics desperate to deny bernie sanders the nomination are getting out of the way and amy klobuchar, pete buttigieg dropped out. >> are you trying to

there is costco. then there is this. the pittsburgh pirates decided to give back to the community during their baseball hiatus. the team bought hundreds of pizzas, tons of pasta, to thank hospital workers who are dealing with long hours and dangerous conditions as they treat people infected with the coronavirus. pennsylvania's governor said the team's kindness helps not just the hospital workers but yes, maria, the local restaurants as well. i think it's time to order some pizza. maria: i love that. yeah, i love that. and i think it's a great example for everybody to send something to your local healthcare people. they are on the front line. cheryl, thank you. it's a great story there. quick break and then we've got a big hour coming up. chevron's chairman and ceo mike wirth is joining me next as the company suspends stock buybacks in this rapidly changing environment with oil prices below $23 a barrel. we'll talk about it, next. maria: welcome back. this fox business alert right now, chevron is cutting its capital budge

. >>> costco is hitting shoppers in the pocketbook. it will not return supplies liks bottled water, rice and toilet paper. new limits on what can be bought along with the new rules for returns should hopefully put a real dent in hoarding. >>> coming up next, the seven things you need to know today. >> as we head outside to break, let's see what we're looking at. beauty. i love it. it's nice to see the bay bridge from that exploratorium cam when we face adversity, we find a way through it. it autak of eh he we're offering chevy owners services anddata. if you need a new chevy, interest-free financing for 84 months - with deferred payments for 120 days on many of our most popular models. you may even shop online and take delivery at home. it's just our way of doing our part... >>> all right. it is 6:55. if your justecharles has tested positive for the coronavirus. a spokesman for his official royal residencece clarence hous said the 71-year-old is showing mild symptoms and is now self-isolating at a royal estate in scotland. >>> congress

seeking anything that resembled their normal routine, like this farmer's market in san mateo, or the costco in south san francisco, where the line was long with shoppers keeping their distance from one another. >> we're going to see what's open and not open and make the best of it, right? >> reporter: but tourists jesse and lotte from the netherlands couldn't find anything open in san francisco's famous fisherman's wharf, most businesses and restaurants jefferson street was deserted. chrissy field was a different , but not all. >> as you see, there's not that much shelter in place. it's beautiful, more people out than last year at the same time. >> interesting enough it seems like people are spacing themselves cautiously, and walking around people. >> reporter: the health department has posted these signs about social distancing as a reminder. the sfpd taking it a step further. >> your actions could save a life. >> reporter: this public service announcement spells it out. >> if you do go outside, maintain social distance, please try to stay at least six feet away from each other. >> reporte

they are selling the walmarts, the vozooms, the costcos that h been working that's counter trend but take it don't get upset about it it's nice to get a break >> i was thinking the same thing, stephanie let's see if we can put two of these together and not one big up day that everybody sells into because they don't believe in the move do you think there's staying power? >> i do. there's unlimbed qe. they can buy when ever they want for as long as they want and it gives them the flex blts to ibid that i think the fed program yesterday addresses liquidsty issues it buffers the outflow that we have seen all last week and it should lead to stabilization maybe not right away but i think it will in the coming weeks. that's the most important thing to start secondly, you've got to get this fiscal package we'll see what it looks like two trillion looks like the number i'm glad it's two versus one, if that's the case. we don't know how long this will go on. that gives them the flexibility as well. they've got to get this thing passed soon. small businesses are just crippled right now we got t

people have been seeing scenes like these at bay area costco stores and other stores. a manager tells us it was the busiest day in his store's history. >> a pandemic certainly sets off an alarm bell because we're human about wanting to survive. >> reporter: look at this tweet from a southern california sheriff's department. please don't call 911 because people are cutting in front of you in line at the store. it ties up valuable resources. the therapist recommends knowing what you do need from a trusted source. the department of homeland security recommends ahead of a pandemic you get a two week supply of food and water, prescription and over-the-counter medication and copies of your health records. i want to know what you're experiencing where you live. join the conversation on facebook. >>> making it in the bay even harder with the coronavirus outbreak. city leaders will consider a proposal to protect people from eviction. in the meantime san francisco assemblyman is proposing his own plan. it would temporarily ban evictions and foreclosures who just can't pay the bi

fiction, you should go to costco, climb on top of toilet paper and scream, "i'm the captain now. [ laughter ] [ cheers and applause that's all the time we have for "fact versus fiction." we'll be right back with senator bernie sanders, everyone [ cheers and applause ♪ (dad vo) i saw them out of the corner of my eye. just a blur when they jumped the median. there was nothing i could do. (daughter) daddy! (dad vo) she's safe because of our first outback. and our new one's even safer. (avo) welcome to the all-new subaru outback. an iihs top safety pick plus. the highest level of safety you can earn. verizon 5g ultra wideband is so much faster than even my home internet. (vo) verizon 5g ultra wideband now powers the new samsung galaxy s20 ultra 5g. buy one of our newest galaxy 5g phones and get an s20+ on us. could put cookies & creme in twix...twix this is a right twix. excuse me... [screams into pillow] new twix cookies & creme. how fast does dove dry spray actually dry? dry spray dries in an instant. leaving these men with nothing to do in this ad. thankfully, we've got something to fill t

"in fact, i've been buying toilet paper at costco that -- [ laughter ] i'm going to resell at a profit if things get worse. there you go, the president said on friday the coronavirus would actually be good for the economy. let's see how the stock market did when it opened on monday morning. >> we're coming on the air with breaking news. this is the new york stock exchange the trading day is just beginning on wall street and there are fears that the dow will drop and drop quickly we're already seeing that. >> the dow industrials are off right now 17 points or 6.5%. you've got the nasdaq off 5.8% and then the s&p down 6.3% >> at this point, i've never seen this much anxiety on the floor of the new york stock exchange there are traders running everywhere we are watching these levels >> has trading now stopped has it hit - >> trading has stopped, because -- >> that 7% trigger >> trading has stopped because we've seen a drop of 7%, which means trading will stop for the next 15 minutes. >> seth: "i'm selling this toilet paper for a thousand dollars a sheet! [ laughter ] [ cheers and applause

you hear things like costco shelves are empty on the west coast. hearing same things out of new jersey and new york f you get the fear factor percolating through the u.s. economy where people will stay in, you will have a bigger hit to services which is exactly what we've seen come out of china. we need to really take notice of that and be prepared for that. neil: you know, danielle, what i worry about, i know central banks lower interest rates, as you remind me, we don't have a lot of arrows in the quiver, they can also flood the world with cash for won't of a better expression. that is apparently a bigger problem than many appreciate, especially people reluctant in accounts with getting margin calls, there is a shortage of cash around. how serious is that? >> neil, we're going to find out. as you look at overnight rate is determined by the federal reserve, it is almost one full percentage point above where the, where the 10-year yield is today. in other words, last year when we were talking about rate cuts we were talking about them in 25 basis p

at a costco in washington state, lines of shoppers were seen stocking up on necessities like wipes, toilet paper and water. public health officials reassuring americans that 80% of cases of coronavirus are mild, and citing the number of cases they're calling for calm. >> we now have 75,000 tests available out there in the united states, and over the next week that will expand radically. >> reporter: the elderly and anyone with a weakened immune system is at high risk for the virus, health care officials and first responders are finding themselves in a vulnerable situation. a quarter of the 100 firefighters here in the city of kirkland are under exposed to the virus. none of them are showing symptoms. they're being closely monitored. amy? >> kaylee hartung, thank you so much. the coronavirus could affect march madness, the annual college basketball tournament. the national college players association saying in a statement, there should be a, quote, serious discussion about holding the games without fans in the stands. the ncaa says it is monitoring the coronavirus spread with the cdc and lo

sears parent company transform holdco this morning said it sold a delivery system to costco for $1 billion but notes continued loss, declining sales and says "it is committed to fulfilling obligations to its vendors." party city, rite aid, j. crew and neiman marcus on the number of distressed retailer list. names that may not recover back over to you >> courtney, long-term declines a sudden shock in that industry. >>> oil prices falling to lowest levels to years on the back of coronavirus fears and a potential price war. let's bring in sadaa al hue seenie, former aramco executive respect are. thanks for calling in. >> good morning. >> we are seeing the price action perhaps further decline, not a surprise, given what saudi arabia decided to do on the supply front do you think the continuing weakness in demand will do saying to alter that supply decision >> no, carl. i think this was a very important and fundamental change in strategy on the kingdom's part we are moving toward a free market kind of pricing, i think. i would say that most companies ought to be reviewing their projects and tes

. >> costco has seen huge crowds for weeks this is what it looked like it red wood city. hours are changing, warehouses will close at 6:30 p.m. on weekday, gas stations at 7:00, weekend hours won't change. 8:00 a.m. hour for 60 or older and people with physical impair thes. >> grocery delivery service instacart are planning a massive strike tomorrow. the company needs to have have e pay, equipment, and hazard pay. and with sick pay. >> i am playing russian go inta grocery store. >> instacart tells abc news that health and safety of shoppers, and customers is their first priority. they are looking to add 300,0000 employees. >> how life has changed for him. >> the past two nights. we are making so many changes to the business every day. we are trying to be ahead of this. even right now, our transactions in the cafe are completely touchless now. we put in place measures like, in the caface, we joke, we call it black glove service, we have gloves in every size for every employee, we all wear gloves throughout the workday. we are staying positive. our team is positive. we are

you go to costco and the shelves are empty. >> i drove by my local one this past weekend the line of cars waiting to get in was around the block where i was. there is certainly a mentality developing here. brian, are you forecasting or expecting to see a real slowdown in the consumer? it's been one of the pillars of the global economy, the u.s. consumer specifically. is this going to dampen skurnl sentiment? >> this is the one thing that's held us up with prior corrections over the last ten years is the u.s. consumer never went away. we've seen dips in consumer confidence but we haven't seen consumer spending slow down. a couple positives, consumer spending coming into this period still looks pretty solid i think the first quarter numbers incorporating a strong january. we're still seeing strong consumer numbers and high savings rate we can't discount that either. if you can't get to the store to get something to buy, savings rate doesn't help you much we think consumers and households are well prepared for at least a softer patch in the u.s. economy the question is, does this extend

. >>> out the door and around the building, crowds packed costco stores around the bay area as the coronavirus outbreakn. >> everything just shifted. >> oakland, san francisco, san jose, the majority of bay area schools are shutting down. we are live with the impact this is having even on families who don't have kids. >> and santa clara county officials announce new measures to limit the spread of the virus. abc 7 news at 6:00 starts now. >> announcer: now from abc 7 live breaking news. >> good evening, thank you for joining us tonight. >> we'll begin with breaking news. santa clara county has just announced a second death from the coronavirus. >> a woman in her 80s hospitalized back on march 9th. >> now to more late developments that happened really in the past hour. there are now eight san jose firefighters testing positive for covid-19. >> that's up by three from yesterday. self bay area cities are ramping up restrictions on public gatherings. sonoma county limiting gatherings to 250. >> santa clara and san francisco it's down to 100 people. b.a.r.t. ridership down 35% compared to a thursda

>> maybe like holidays are the busiest time for costco, thanksgiving and christmas nothing compares to that. like nothing. we are sale selling way more than we ever do. january through april is a slow month and it is not slow. >> reporter: i was also what a walnut creek safeway earlier this morning. i want to show you some pictures from inside that store. some shelves nearly empty. pasta and pasta sauce running very low. a lot of people looking for bottled water. children's medicine was almost entirely sold out. also, lots of soap and different leaners also sold out. military surplus stores also seeing a rise in demand, people have been buying things like camping supplies and survival gear. also seeing a big surge in gun dealers. ammunition sales have gone up too. i want to show you what is happening here in the parking lot. we are seeing a lot of cars bumper to bumper looking for parking spots. one man drove past us earlier this morning before the store even opened. he rolled down his window and said what is going on? the employee who i spoke with earlier told me things really started

. >> panic at a costco in brooklyn as customers fight over what's next. >> i need you guys to calm down. >> store shelves across the nation are emptying quickly amid a national state of emergency over the coronavirus from new york to texas to california. >> we're just seeing this panic among people. i have never seen it in my whole lifetime. >> in manhattan, customers form long lines in grocery stores while crowds rush the entrance of a costco in georgia. as more schools close and people work from home, select products with long shelf lives and perishable items are selling fast like bread, toilet paper, disinfect tapbt wipes and meat. even select products on amazon either are unavailable or won't be delivered for weeks. according to nielsen compared to this time last year oat milk sales up 322%. fresh meat alternatives up 158% while canned dried genes and milk products up. hand sanitizer up 313% while aerosol disinfectants, thermometers bath and shower wipes and first aid kit sales have also spiked. the food industry urging consumers not to panic. >> understand that we are going to ther

at costco in california people were waiting in line for hours just to get into the store and the line snaked around the parking lot and at costco in yonkers new york, this morning where we were, traffic was backed up for about a mile and police closure at the parking lot entrance . level of 30 access for about a period of two hours to allow it to clear because it was so overrun. experts are saying what we are seeing progress on things like toilet paper and plastic of the things you actually one have at home, you need in the event you got sick, things like cough medicine and fever reducer and also keep in mind your elderly neighbors who are compromised who cannot risk exposure. headed to the store, consider picking up a couple of vitamins or items for them. jon: former white house physician doctor ronnie jackson will join us in just a few minutes to discuss the growing pandemic and with the presence national emergency declaration means for the ongoing responses. jon: coronavirus considered canceling joe biden and bernie sanders campaign rallies just days from the voters in four states

consumer space, walmart and costco, they are well positioned with price products, great e-commerce. will increase the -- working from home will increase the demand for services. there will be less card swiping. once we come out of it, the duopoly nature of their businesses will serve them well. health care. testing,, not only for china, inationally, in think these will be good places. scarlet: i have a question for you about clinical leadership. we have seen president trump be consistently inconsistent when it comes to this approach of this virus and pandemic, whether it is supporting social distancing or reopening the economy. is this a risk for the market. at what point does the political leadership for absence of political leadership become a risk for the market? tom: excellent question. i think when you need to do is remember this is a time of war. world war i, at , there was a lot of arguing going on. crystallized where we stand right now. you have the fed all in. everybody is fully engaged at this point. that thewe know is going to work his way through the economy at some poin

jedediah: i heard that with respect to water at costco and other places. you can't walk out of here with 30 cases of water then it prevents other people from getting water they may need. nicole: early on president trump said price gouging. we saw it happening already on amazon. to get a thing of clorox wipes got $30 when they're usually 3 to $5. jedediah: little purell bottles exorbitant as well. pete: i mentioned i had a neighbor who is a fireman outside trying to keep calm outside of one of these stores, so just a reminder. be good to your fellow neighbor here in this moment. we are all going through it together. instead of going to a doctor's office. can you talk to a doctor online. what are the advantages of tele health. we discuss that coming up next. you can almost sense it... the bite, when it's about to happen... everything fades away... except you... the fish... and the rod... and when the strike happens... you'll be ready... because it's hookset season... so come in for the best deals on all your fishing essentials during the spring fishing class