Poll: 3 in 4 Democrats would support a socialist for president

This is a rush transcript from "Your World with Neil Cavuto," February 27, 2020. This copy may not be in its final form and may be updated.

NEIL CAVUTO, FOX NEWS ANCHOR: Here we don't go.

Forget the virus. You should see the selling that has now gone viral, so much and so fast. With today's drubbing, the sixth in a row, by the way, the closely watched S&P 500 is officially in correction territory. So too the Dow and Nasdaq. That means they are down 10 percent or more from highs, in some averages' cases, happened a little more than a week ago.

We have not seen that quick a correction since 1933. And, by the way, many of the stocks within the Dow, within the Nasdaq, within the S&P 500, many of those stocks are off a heck of a lot more than that.

So, what happens now?

Welcome, everybody. I'm Neil Cavuto.

And to hear traders tell it, it is not about the virus, it is not knowing what is next for this virus, because it is spreading so fast, from just China, where it all started, to some 14 countries today, including the United States.

State officials in California trying to track down anyone who may have come in contact with this person who tested positive for the virus from, all we know, unknown origins. Now word from U.C. Davis Medical Center that there may have been a delay in testing that person, this as the number of new cases reported outside China are now exceeding the number of new cases in China.

That is the first time that 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 fears, but relax. We have got you covered with the very, very latest with FOX Business' Jackie DeAngelis on investors trying to shake off those fears -- good luck -- Susan Li with Apple CEO Tim Cook trying to calm those fears, for its stock, at least -- good luck -- and Jonathan Hunt in Los Angeles, where they're suddenly dealing with their own contagion fears, and they're not finding much luck.

We begin with Jackie.

Hey, Jackie.

JACKIE DEANGELIS, FOX BUSINESS CORRESPONDENT: Good afternoon to you, Neil.

Well, the stock market tumbling again. I mean, this was a real surge to the downside today, a 10 percent 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. This is all on coronavirus.

Now, even more troubling is the yield on the 10-year note. That's the treasury, all-time lows, under 1.3 percent. Remember, the bond market is where investors go when they seek safety. The money pours in, the yield goes down. That is what you're seeing now.

It has been a bumpy ride for airlines hotels, 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 Alpha Pro Tech, Lakeland, 3M, those stocks seeing little bumps today. Well, 3M is the smallest, but the other two big bombs. Then, of course, you have got the companies that are working on vaccines for the virus, and then Clorox. Disinfectant wipes, people are buying them.

Less directly related to the virus, Zoom Video Communications. With concerns about coming to the office to work, the expectation is that there will be a surge in working from home and also videoconferencing. So, of course, that one is up 7 percent.

Even still, since Monday, Neil, more than 3,000 points have come off the Dow Jones industrial average.

CAVUTO: And we ended at our worst levels of the day.

Thank you, Jackie, very much.

Jackie mentioned that big collapse in treasury note yields and bond overall rates. That can also be seen as a hand-full-glass scenario, if it means your borrowing costs again tumble along with the gas and oil prices.

Now, that has been happening, but, so far, it has not really benefited stocks or a point at which you could put on floor on all of this. We will be monitoring it.

Moments ago, Apple CEO Tim Cook touring an Apple Store in Birmingham, Alabama, on a day when his stock took yet another coronavirus hit.

FOX Business' Susan Li just wrapping up an exclusive chat with Mr. Cook -- Susan.

SUSAN LI, FOX NEWS CORRESPONDENT: Neil, we have been tracking Apple CEO Tim Cook across Birmingham, Alabama, today, also launching an education initiative.

And speaking to him in that exclusive interview, we had to ask about coronavirus and how it's impacting their supply chains in China. Listen.

(BEGIN VIDEO CLIP)

TIM COOK, CEO, APPLE: It feels to me that China is getting the coronavirus under control.

I mean, you look at the numbers, they're coming down day by day by day. And so I'm very optimistic there.

On the supplier side, we have suppliers. You know, iPhone is built everywhere in the world. We have key components coming from the United States. We have key parts that are in China and so on and so forth.

When you look at the parts that are done in China, we have reopened factories. So the factories were able to work through the conditions to reopen. They're reopening.

They're also in ramp. And so I think as this as sort of the third phase of getting back to normal. And we're in phase three of the ramp mode.

(END VIDEO CLIP)

LI: Apple is America's biggest company, also in a unique position when it comes to China, because not only do they put together more than 50 percent of their iPhones in the country. They also get 20 percent of their sales in China as well.

One of the first major companies to warn about sales being impacted by the coronavirus. Now, I spoke to Tim Cook, and I asked him, do you think you will move some of your supply chains outside of China with this inflection point, especially with coronavirus policy squeezing some of these supply chains and production factories?

He says that's something that they will assess. I has asked him, will you see these disruptions past the second quarter of this year? He says, we will have to see.

But, right now, what you get from Tim Cook and really from Apple, and I would probably guess the rest of the entire corporate world, is that it is a fluid situation. There are a lot of unknowns at this point, but they're trying to do the best that they can.

Neil, I will get you more of this exclusive interview all day tomorrow on FOX News and FOX Business with Apple CEO Tim Cook -- back to you.

CAVUTO: All right, thank you very much, Susan. Great chat.

In the meantime, now to California, where they're dealing with that one case not linked to anyone from China. That's what makes it scary, a person exposed to the coronavirus.

We're also learning that the number of cases in the state that they're monitoring has topped 8,000. That doesn't mean that they're all affected by this, but they're watching them for the possibility they are.

Jonathan Hunt in Los Angeles on all of that.

Hey, Jonathan.

JONATHAN HUNT, FOX NEWS CORRESPONDENT: Hey, Neil.

This new case is potentially one of the most significant and worrying yet, because 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 she likely contracted it via an undiagnosed carrier who is still out there somewhere, potentially still infecting others.

The Centers for Disease Control said in a statement -- quote -- "At this time, the patient's exposure is unknown. It's possible this could be an instance of community spread of COVID-19, which would be the first time this has happened in the United States."

The woman is from Solano County in Northern California. She's been treated at U.C. Davis Medical Center in Sacramento. The infection was picked up through the public health system, according to the CDC, by what they called it astute clinicians, although doctors at U.C. Davis say the CDC testing guidelines are too narrow, and cases like hers and others may be slipping through, a fear echoed today by California Governor Gavin Newsom.

(BEGIN VIDEO CLIP)

GOV. GAVIN NEWSOM (D-CA): You don't know what you don't know unless you're testing. And so this point is -- cannot be emphasized enough.

We should have caregivers, doctors have the capacity in real time on demand to advance these testing protocols.

(END VIDEO CLIP)

HUNT: Across the globe, around 82,000 people have so far been infected, with around 2,800 deaths, the vast majority of those in China, where the disease, of course, first emerged.

Entire towns and cities in China, but now also in Italy and other countries, 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 set for this summer may have to be canceled.

And the remainder of Japan's 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.

CAVUTO: Just incredible. Jonathan, thank you very much.

Meanwhile, officials from Alabama, California expressing concerns on this very show yesterday about bringing people potentially exposed to the virus right into their states.

Take a quick look.

(BEGIN VIDEO CLIP)

CAVUTO: What do we do to these people who come here?

SEN. RICHARD SHELBY (R-AL): Well, I think we have to listen to the experts and find out, when you're dealing with a potential epidemic like this that scares everybody in the world, I suppose, that how do we contain this?

KATRINA FOLEY, MAYOR OF COSTA MESA, CALIFORNIA: They were planning to move people in, in the dark of night. We were informed on a Thursday night. And then they were expecting to move people in by Sunday, 30 to 50 people.

(END VIDEO CLIP)

CAVUTO: All right, forget about the legality of this and whether a government can force that on states and municipalities.

With the latest California case, do a lot of those mayors, senators elsewhere have a right to be nervous?

Dr. Andre Kalil is an infection disease specialist over at the University of Nebraska Medical Center, where he's working on a possible coronavirus treatment.

Doctor, very good to have you. Thank you for taking the time.

DR. ANDRE KALIL, INFECTIOUS DISEASE SPECIALIST, UNIVERSITY OF NEBRASKA MEDICAL CENTER: Thank you.

CAVUTO: You know, Doctor, when there's concern in communities about having people quarantined right in there and neighborhood, is that justified?

KALIL: It is absolutely justified, because if we don't really diagnosis these patients and quarantine them, if we just go with, oh, whatever happens, that's just -- let people be whatever they are, likely things are going to get worse.

So the right thing is to actually detect to the patients that are getting infected, quarantine, and try to prevent the spread of the disease.

So, what's being done here in Nebraska and in other states is exactly what needs to be done to contain infection.

CAVUTO: You know, what was an interesting development today, Doctor, the number of new cases in China was less than the number of new cases outside of China, first time that's happened. And it triggered concerns that this is getting much bigger than we thought. What do you think?

KALIL: I think -- I hope that the slowing process in China means that really the outbreak is slowing down in China. That would be great news.

And if that's true, we're going to know probably in the next few days the trend of the numbers of people getting infected or not. But if that's true, that means that this will happen as well outside China.

So we're going to have a time where the cases are going to come down as well. I think what the question that we cannot answer at this point is, how long is it going to take? But I think by the -- as you just reported and what we are seeing today and the last few days, some other countries and other places having new cases, still going to have an increase of cases outside China for a while, before we have a decrease.

CAVUTO: Doctor, this case in California of someone who might have contracted the virus, but not the traditional route, but of an unknown origin, that raises some concerns.

What do you think?

KALIL: Right.

So, I think the concerns are -- and I'm sure that the CDC is looking for that -- I think there are two concerns. One is, where is the exposure of this patient? So this is very important, because, once we understand the exposure, 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 actually mutated, and we are seeing this virus just kind of starting from scratch, it is a concern as well.

So these two situations are going to have to be very in-depth study by the CDC to understand where this virus is coming from. But these are situations where -- need some time and need a lot of very aggressive approach from the public health perspective.

At this point, it's only speculation, but I think, in practice, to answer your question, is that once we have a patient in the community that we don't know the exposure, it is likely that we have other patients infected. And so the public health of that municipality and that state has to be pretty progressive trying to look for all the possible situations.

CAVUTO: All right, hopefully not a lot of new situations. But, Doctor, thank you very much. I do appreciate it.

Again, a quick peek at the corner of Wall and Broad and the big sell-off today. Markets just abhor uncertainty, and especially uncertainty over something like this. So, the better part of valor is to just bail out.

Forget about all the money leaving, though. When we come back, we're going to tell you where a lot of that money is going.

(COMMERCIAL BREAK)  CAVUTO: All right, just call it the dash to the crash, and I do mean dash.

Corrections happen, of course. In fact, some say they're actually healthy things to have. What's weird and scary this time is how fast this one happened, in the case of the S&P 500, the quickest descent since 1933, for the Nasdaq, the fastest fall since 1971.

And this week ain't done, yet it's already the worst week for stocks since the financial meltdown back in 2008.

Is all that a bit much? Are the markets overreacting here? Are people getting a little ahead of themselves and just freaking out?

Let's ask our market pros, Stephen "the Sarge" Guilfoyle, Bob Iaccino and Jonas Max Ferris.

Steve, what do you think? Is this a bit overdone or justified?

STEPHEN GUILFOYLE, FOUNDER, SARGE986: Well, technically, we're oversold, but it probably is justified.

I mean, I want to tell the folks at home who maybe are not in our industry just what's going on here. Stocks are priced on forward earnings, on forward guidance, all right?

MasterCard, Microsoft, Apple, United Airlines, they have all told us they're not going to meet those expectations for this quarter. Goldman Sachs has come out and told you that there may not be earnings growth for the entire year. What happens then is, there are fund redemptions.

All right, people pull their money out of equity indices. This creates cash. It puts money into treasuries and it forces money back overseas. Overseas investors don't have any obligations, so they have to pull their money out of the U.S. markets. And that's why you saw the euro higher and the U.S. dollar lower.

What you saw late today with this with this flash crash to the downside was technical. All right, 3046 was the 200-day moving average, simple moving average. What happens on Wall Street is, portfolio managers control this money, while their risk managers watch these technical levels.

At these levels, when they break, they are then forced by their risk managers to act upon that. And they were forced to act upon that late in the day today, which forced a much greater reaction to the downside. There is a little bit of hope.

All right, so tomorrow is the last day of the month. All right, we are going to be up against some kind of pension rebalancing. I don't know the numbers yet. But there will be a forced selling of the bond market in order to rebalance. And that money will have to go into equities.

It may not be that large in comparison to what we have just seen, but maybe it'll at least slow the flow.

CAVUTO: All right, the 3046 to which you were alluding, of course, is a measure on the S&P 500, a good representation of stocks. And they were all tanking today.

I'm just curious, Bob, when you look at it, what do you tell investors? I mean, because the one offset here is, interest rates are a lot lower. We're seeing gas prices a lot lower. That should provide a good floor and a good cash savings to just average folks and you would think for the market. What's happening?

BOB IACCINO, PATH TRADING PARTNERS: Well, Neil, that repricing is a very real thing.

If you just look at where the market is, you mentioned it was one of the quickest declines that we have seen since 2008. It was also one of the quickest rallies. The Nasdaq today got to the area that we were in December, not 10 years ago, not five years ago, just in December.

CAVUTO: Wow.

IACCINO: The two-week sell-off we have seen is reversing a 10-week rally. That's not that unusual when it's put in context, number one.

Number two, the coronavirus death rate is what's concerning, 3.3 percent. If China could actually get declining rates of infection in about two months or so -- first case was, in hindsight, about December 27 or so -- if they can get declining rates in two months, the U.S. is going to get declining rates quicker than that.

I'm going to probably start buying on Monday, unless this thing explodes over the weekend.

CAVUTO: Jonas Max Ferris, I think what a lot of people are worried about, not only is the unknown, but wondering how many more companies follow the Microsofts, the MasterCards, the Apples, the Under Armours, the Hasbros, the Mattels, and all these others, saying, yes, it's going to affect our bottom line, because the longer that drags on, the more people get worried and say, until they sort it out, I'm out.

JONAS MAX FERRIS, FOX NEWS CONTRIBUTOR: And it's worth noting that these companies don't really know either. They're just guessing to -- they don't know what the economy is going to look like in six months.

And neither does the stock market or the bond market, which is why, in the short run, it's actually just a lot of chaos and scariness that we're trying to like analyze with technical levels.

But the reality is, we don't know how the consumer is going to behave, how long they're going to not travel, how long they're going to stop spending. Or, on the plus side, are they going to buy more stuff because interest rates just got very low, lower than we have had in recessions, when the Fed low -- like, these are really deals in mortgages now.

But if the consumer is scared for real reasons, or imagined or just fear reasons, then it doesn't matter if rates go to zero percent. They're not going to take out mortgages and buy homes or travel or borrow money or buy cars or lease things.

So, we don't really know. Stocks got very expensive, particularly tech stocks, over the last year or so. It doesn't take a lot to cause sharp corrections, whether it was '87, 2000. Those are all from high levels, even '07.

So that's what I'm concerned about, is that the pricing was high relative to this new fear.

CAVUTO: All right, gentleman, I want to thank you all, with all this breaking news.

GUILFOYLE: I think I disagree a little bit there.

CAVUTO: Stephen Guilfoyle, I wish I had more time, my friend. With all this breaking news, we're kind of limited.

I do appreciate your taking the time here.

We're following all of this. We're also following interest rates, which were at record lows, so to these gentlemen's point of view on what it could mean for homebuyers or those refinancing the homes they are already in.

Meanwhile, forget about markets tanking on this whole coronavirus. Are politicians making things worse because they're busy pointing fingers over this virus?

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

REP. NANCY PELOSI (D-CA): The American people need a coordinated, whole- of-government, fully funded response to keep us safe from the coronavirus threat.

Unfortunately -- and this is the purpose of my telling this -- unfortunately, up until now, the Trump administration has mounted an opaque and often chaotic response to this outbreak.

(END VIDEO CLIP)

CAVUTO: All right, Nancy Pelosi today renewing her criticism of the administration's response to the coronavirus outbreak.

So, is a bipartisan funding agreement even possible?

California Democratic Congressman Ro Khanna joins me right now.

Congressman, thank you for taking the time.

Forget about the funding part of it. I know you're a Democrat, and I get that, how it works and all, but is -- is pointing fingers at the other side over these issues, is this the time, in the middle of handling this virus, the time to do it? What do you think?

REP. RO KHANNA (D-CA): I think the country needs to come together.

I hope the president will work with us. I have three concrete ideas.

First, why don't we mobilize science? Get the world's experts in working with the NIH to come up with an antiviral cure and a cure for vaccines?

Two, we should fund it, $15 billion. That's something we can easily afford. It's about 2 or 3 percent of our defense budget. Let's fund the CDC. Let's fund the states. Let's find the NIH.

And, three, let's make sure that our front-line workers, our doctors, our nurses, have the equipment they need. And I'm willing to work with the administration. I think we're all Americans. Let's solve this.

CAVUTO: All right. Well, you stand out, Congressman. I given you credit there.

But the fact of the matter is, when Nancy Pelosi had criticized the president on this idea of not requesting more funds, she cited the excess in Ebola funds that he had available to him.

To me, it struck me as proof that, well, obviously, you had a lot of extra money left from that one.

So I'm wondering whether we're making too much of the deal that Congress, which has the purse strings, can spend as it so sees fit?

KHANNA: Well, look, I think Congress should appropriate it, and we should work with the administration.

I don't agree with the administration, as you know, Neil, on a lot of things.

CAVUTO: Right.

KHANNA: But this is a case where people are dying around the world, where Americans are scared. This is a case where we all have to come together.

We have to work. We're elected to serve the American people. It's a crisis. And we need to solve it. So, I'm not really interested in relitigating who did what. I want us to mobilize science. Let's 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.

CAVUTO: All right, because, sometimes, it reminds me, Congressman, that it's like everyone's become my teenage sons. They fight over something. I have to say, shut up.

All right. So, hopefully, we will do that.

But let me ask you about this, this idea that it's a matter of time before it comes here or it's a pandemic here. I believe the FDA has said that. The CDC has hinted at that.

Do you think Americans are ready for that?

KHANNA: I don't think we're ready yet. I don't think we have enough capacity in our hospitals.

I don't think we have a vaccine yet that is cheap and affordable for everyone. I don't think we have an antiviral cure. And 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 the CDC and the NIH, and let the experts lead.

Let the scientists read -- lead on this. Frankly, politicians should say less, and let's get people who actually understand the science telling us what we need to do.

One final point, Neil, to make is, this shows why we need actually a global economy, and why a trade war would be devastating for America. I mean, look what has happened to the markets just in a few weeks. Apple is in my district, and their profits are being hurt.

So, we should be really understanding that we are in a global economy, and America benefits the most from that global economy.

CAVUTO: Well, the trade war or whatever has nothing to do with this sell- off, right?

KHANNA: No, not at all.

CAVUTO: Right.

KHANNA: I'm just saying that think about what has happened just because of a few weeks of companies not doing business.

It should give us pause about creating friction unnecessarily with other countries.

CAVUTO: All right.

We will watch it very closely. Congressman, thank you very much for taking the time.

KHANNA: Thank you. Appreciate it.

CAVUTO: Well, Tom Steyer says this coronavirus is Donald Trump's Katrina.

I want you to meet the hero of Katrina, who might beg to differ. Kids, cover your ears. Actually, you might want to leave the room, because the man they call the Ragin' Cajun is here and ready to rage.

(COMMERCIAL BREAK)  CAVUTO: So, you want to avoid another Katrina with this crisis?

Meet General Russel Honore, who single-handedly solved that Katrina crisis. He banged some heads.

He's coming here -- after this.

(COMMERCIAL BREAK)  CAVUTO: All right, the political back-and-forth continues over the president's handling of this coronavirus.

But is it fair to go after him without going after everybody?

Blake Burman has the very latest from the White House.

Hey, Blake.

BLAKE BURMAN, FOX NEWS CORRESPONDENT: Hi there, Neil.

Been a pretty remarkable four days at the corner of Wall and Broad and a remarkable 24 hours or so over here at the White House as well.

You will remember, over at -- last night at that press conference that the president held in the Briefing Room, he announced that the vice president, Mike Pence, would be leading the government's response and coordination to the coronavirus.

Well, the vice president followed up today by adding four people at the senior-most level to the task force. That includes two from the economic side, the treasury secretary, Steve Mnuchin, and the chair of the National Economic Council, Larry Kudlow, along with two medical professionals, the surgeon general, Dr. Jerome Adams, and the government's top official in charge of combating HIV/AIDS, Ambassador Debbie Birx.

Then today, as well, the vice president went over to the HHS, Health and Human Services-, headquarters here in Washington and chaired a meeting.

(BEGIN VIDEO CLIP)

MIKE PENCE, VICE PRESIDENT OF THE UNITED STATES: The president's vision is a whole-of-government approach. It's precisely the approach this task force has been about.

But my presence here today and working with you each and every day and the days ahead, I hope, gives evidence of the priority the president has placed on this work.

(END VIDEO CLIP)

BURMAN: The vice president says, after that press conference last night, he ended up speaking with the top Democratic and Republican leaders in both the House and the Senate regarding the coronavirus spending package.

(BEGIN VIDEO CLIP)

PENCE: We're beginning discussions over an additional supplemental bill. We will be leaning on the task force for guidance. But those were productive conversations and very positive.

This is a -- the time when the president's made it clear we want all hands on deck.

(END VIDEO CLIP)

BURMAN: Neil, the price tag for this spending bill has been all over the map. The White House initially asked for some $2.5 billion.

Chuck Schumer said it should be about $8.5 billion. Kevin McCarthy, the top probably in the House, said maybe about $4 billion. You heard the vice president talk about the phone call there.

We're hearing now that the price tag could land somewhere in the $7 billion range, give or take. Nancy Pelosi said earlier today that they're getting close -- Neil.

CAVUTO: Blake Burman, thank you very much, Blake at the White House.

This is the kind of thing that adds to the confusion, because everyone is piping on about something.

The former Hurricane Katrina joint task force commander, Lieutenant General Russel Honore, probably is getting a flashback with all of this. That's exactly what he had to deal with after that erupted into a political fight between the mayor, the governor, the president, all the forces on hand there.

And he kind of just read the riot act and got it all solved.

I'm happy to say the general joins us right now, a genuine American hero.

Sir, thank you for taking the time.

LT. GEN. RUSSEL HONORE (RET.), U.S. ARMY: It's good to be with you.

CAVUTO: Let me ask you, General, first of all, if you had to just sort of get everybody in a room, politicians of all stripes, all the competing agencies and government staffs together, what would you tell them in terms of handling this?

HONORE: Well, it's time for us to fall out of the political season and get into do what they were sent to Washington to do, which is to work together, work as a team, and calm the American people, calm our economy, and calm that wobbly Wall Street from overreacting.

We don't know what we don't know. Now that we have patient number one, there will be more patients to come. And bickering in public over the news -- both sides do it -- we need to back out of the political season and show the rest of the world what it means for a democracy to work to solve great problems.

We haven't had a great pandemic for over 100 years that has the potential of what this corona's do. It's time for them to come together and work on this as a problem, and differentiate between who's really running and when the election is, and get this problem solved, Neil, because American people will get nervous very quick.

They will get overreaction from governors, overreaction from mayors. And we are going to end up with a problem on our hand if they don't come together.

CAVUTO: General, those are wise words, all by the way.

I do remember, from you, that you kind of spelled out what was happening, that whatever people were fearful or anxious about, it was going to work, that things were going to get better.

And it was like a Churchill-type of response to this, to get people to calm down and to move forward. We're not at that stage, mainly because there's so much we don't know, General. And that's what complicates this, different data we get out of China, confusion we get out of Europe and expanding cases.

So, Americans hear that, sir, and they think, wow, this is bigger than I thought. How do you calm them down?

HONORE: Well, we need to start having those Department of Health conference calls with the head of public health in each state, and start talking going through and exchanging messages on, what are the needs, where's the regional response going to be, is each state going to have a hospital designated?

Start designating those hospitals. Start designating special equipment. We don't need to open 50 hospitals in each state to deal with it. We need to have regional hospitals deal with that can isolate patients, start getting the supplies there, and start talking through to doctors and ensuring protocols, as they are developed, with lessons from the Chinese and other nations that have started to contain.

The problem is, we haven't contained yet and the numbers continue to grow. So there's a lot to be learned and a lot to share. America has a very short fuse on disasters. Everybody wants them solve tomorrow. This is not an instant response.

We're going to have to all put our big boy pants on and work through this. And the stock market needs to shape up.

(LAUGHTER)

HONORE: They're not complaining when they're making money and nobody can figure out what the hell they're doing.

And when it's starting to go down, they start crying. They need to shape up and figure out how to go to shore up to supply chain, and stop whining.

CAVUTO: OK.

HONORE: There's no whining on the cruise deck. You know what I mean?

(LAUGHTER)

CAVUTO: All right, I will tell them all that. Those are good words of advice.  General, one thing I did want to get a handle from you, there's recommendations coming across the world, in Europe, in Germany today, threats in Tokyo that they might have to shut down the Olympics, or at least postpone it, about people gathering in crowded areas.

What do you think of that?

HONORE: I think the technique needs to be applied based on medical recommendations, not on political, popular thing to do.

The medical community needs to come together on when people should be isolated, when they should be evacuated. And that should come from the medical response, as opposed to haphazardly closing the economy down, because that's what this has the potential to do, if we don't establish a protocol up front.

And, hopefully, the vice president and all the government, along with the National Security Council, start talking to the governors and come up with a plan on what's next.

CAVUTO: All right, General, a real pleasure and an honor.

I will pass along your comments to my Wall Street friends. Thank you very much, sir.

HONORE: Tell them, shape up.

(LAUGHTER)

CAVUTO: I will do that, just that, General Honore.

All right, you think the 2020 presidential candidates couldn't make the coronavirus a campaign issue? Take a look at what they're saying in South Carolina. You might think again.

(COMMERCIAL BREAK)  CAVUTO: Well, say it is so, Joe.

Maybe pundits punted on Joe Biden a bit too soon, because the former veep just took a big leap in South Carolina, where a new poll has him up about 20 points there.

To Ellison Barber on what could be going on there -- Ellison.

ELLISON BARBER, FOX NEWS CORRESPONDENT: Hey, Neil.

Yes, this is a brand-new poll from Monmouth University. As you said, it has Joe Biden up, and a by whole lot, a whopping 20 percent; 36 percent of South -- of likely South Carolina Democratic primary voters say they support Joe Biden; 16 percent say they support the national front-runner, Senator Bernie Sanders; 15 percent say they support businessman Tom Steyer.

Everyone else is below the state's viability threshold. A number of polls this week have shown a much tighter race between Sanders and Biden. This one, though, is something that the Biden campaign certainly can and probably are cheering about.

Biden did pick up a significant endorsement from representative Jim Clyburn yesterday. The Monmouth poll was conducted before that. A lot of endorsements don't do a whole lot to change things on the ground. Clyburn's endorsement, though, is a bigger deal than most and actually could move the needle in this state.

Black voters make up about 60 percent of the Democratic electorate in the state of South Carolina. Biden has a lot of support within the African- American community, but we have also seen that support drop some in national polls post-Iowa, as candidates like Bernie Sanders and Mike Bloomberg makes gains.

All of them, though, are still on the ground here. We just left a Buttigieg event where he focused at a roundtable talking about health care issues with local leaders. Everybody is still on the ground trying to make up what little gains or whatever gains they can.

Joe Biden, though, certainly has a lot to cheer about in that poll -- Neil.

CAVUTO: Thank you, Ellison, very, very much.

Well, the former vice president might be surging, but Democratic establishment types are still worrying. They think it's Bernie Sanders who still has the best shot at getting the nomination. And I say they're worrying because they're convinced Bernie atop their ticket will doom the ticket and the party.

My next guest disagrees.

One moderate Democrat writes in an op-ed in USA Today that, although Bernie isn't his first choice, if he is the nominee -- quoting here -- "He will have my unambiguous support."

It's a very interesting read, well-thought-out. His name is Neal Urwitz. He's a public relations consultant, the guy who wrote that piece

Neal, good to have you.

NEAL URWITZ, CENTER FOR A NEW AMERICAN SECURITY: Great to be on. Thank you.

CAVUTO: Well, the only problem with you is you spell Neal the wrong way -- N-E-A-L -- but that's OK.

(LAUGHTER)

CAVUTO: We will let that go.

URWITZ: Well, tell my mom that.

CAVUTO: All right. Got it.

Let me ask you a little bit about that. You're arguing you're not a big fan of Bernie Sanders, but, in the end, I assume, because he would be the nominee in that event, you would support him. You're not worried about the stuff some of your colleagues say, that, hey, we all go down if he's atop the ticket?

URWITZ: Well, that's the question of if he should be the nominee.

Once he is already the nominee, we have crossed that point. So what will be important is for moderates to come out, moderates like myself, and take an honest assessment of who is going to be best for the United States.

And the clear answer there is that Senator Sanders would correct for the worst abuses of the Trump administration. He would fill those national security roles that have gone unfilled or that are filled by unqualified people, things that are really leaving us at risk.

He would shut Vladimir Putin out of the White House. And there's been far too much of the Russian president in our considerations.

And he would...

CAVUTO: So, bottom line, you're not a fan of this president. That's fine.

URWITZ: Clearly.

(LAUGHTER)

CAVUTO: The only other reason why I mention it, Neal, is that some argue he would never get that far, that he'd be another Georgia McGovern in 1972.

The passion on the left, and young voters and all those who want to make a statement to the world and all that, and he went down to a huge defeat, and that be careful what you wish for, you might just get it.

What do you say?

URWITZ: Well, with the caveat that that election was 11 years before I was born...

CAVUTO: Go ahead. Rub it in.

(LAUGHTER)

URWITZ: The...

CAVUTO: But that's what happened. That's what happened. The party -- the soul and the vivaciousness of the party went with him, and they learned to regret it.

(CROSSTALK)

URWITZ: But he is only unelectable if moderates like myself sit this one out or vote for a third party to try to make themselves feel good.

If moderates take a honest, hard look at what is best for the country, and if moderates are true to themselves and look at what the best possible scenarios are, not whatever we happen to like, the -- we have to go with Senator Sanders as our nominee -- or as our president.

CAVUTO: But a lot of people look at that, Neal, and say, whether you like the president or not, whether you flip over Bernie Sanders or not, the bottom line is, it's a good economy.

Now, it's being called into question with these tumbling markets. And whether that leads to something, I don't know.

URWITZ: Yes.

CAVUTO: But that that's a tough one for the senator to fight. How do you answer that?

URWITZ: The question is always, at what cost? What are we giving up? Are we giving up our soul for a few points in the stock market?

I would argument that...

CAVUTO: Well, record low unemployment level for one group after another.

URWITZ: Yes, sure. There are low unemployment numbers. There's obviously question as to whether that's paying for as much as it used to.

But the bottom line is, our -- is that worth trading in the melting pot that allowed your ancestors and my ancestors to live together a few blocks down the street in Hell's Kitchen?

CAVUTO: OK, so bottom line, you're still -- you would be for whoever that nominee is. If it's Bernie Sanders, have at it.

URWITZ: Absolutely.

CAVUTO: Neal, thank you very much.

Talk to your mom about the name thing.

(LAUGHTER)

CAVUTO: But, in the meantime, very good -- very good seeing you.

URWITZ: Thanks so much. Thank you for having me on.

CAVUTO: All right, be well.

Can the government force Americans into quarantine?

Former acting Attorney General Matthew Whitaker on protecting our privacy while protecting us.

(COMMERCIAL BREAK)  CAVUTO: With more of these virus cases popping up here in the U.S., growing concern over the government's plans to quarantine more citizens here in the U.S. And how far should the government go to do just that?

The former acting Attorney General Matthew Whitaker with us right now.

MATTHEW WHITAKER, FORMER ACTING U.S. ATTORNEY GENERAL: Hi, Neil.

CAVUTO: Matthew, you can help me with the legality of this, because I have talked to big California city mayors and big state senators, who say, not in my house, not in my neighborhood.

(LAUGHTER)

CAVUTO: But I guess, if the federal government pushes the point, the federal government wins the point?

WHITAKER: Yes, because under a -- the national health emergency that the president has declared, it gives really extraordinary powers to the federal government.

And there's literally only one case on point on this. And that's the Siegel case from decades ago, which essentially says that the government can quarantine citizens for public health purposes.

So, as I look at this, I think the not in my backyard is -- it's a -- this is a moment where communities need to come together, citizens need to be informed and practice good hygiene.

But we can't -- nobody should panic or be worried, because, unlike China, where you can't trust the information coming out of the government, in the United States, we have the -- the government is communicating very clearly the situation on a daily basis.

And, again, I think we all need to practice not only individual good hygiene, but also be -- practice being good citizens and doing our part.

CAVUTO: Well, their fear seems to be that it would affect citizens right in the neighborhood, that quarantining these people -- and we don't know exactly how this thing spreads, especially in the case of this California case, where we don't know how the individual got it.

WHITAKER: But the whole idea, Neil...

CAVUTO: They're concerned, right?

WHITAKER: Yes.

The whole idea, Neil, in a quarantine is to isolate these folks.

CAVUTO: Right.

WHITAKER: And so, even though they may be in sort of your city, they are separated and segregated from the general populace in order to make sure that that 14-day incubation period that appears to be sort of the timeline needed is -- it can be determined whether someone's infected or not.

And so I just -- again, I think these -- some of these fears from these mayors are overblown.

CAVUTO: Got it. All right.

All I know is, you show up in person and say, we're going to do things this way, I think a lot of these guys say, OK, I guess we're going to do it that way.

(LAUGHTER)

CAVUTO: Matt Whitaker, good seeing you. Thank you very much.

WHITAKER: Thank you, Neil.

CAVUTO: Meanwhile, cashing in on the coronavirus on Amazon. Guess what happens? You're out at Amazon.

(COMMERCIAL BREAK)

CAVUTO: Point, click, gouge?

And if Amazon catches you ripping off its customers on things like face masks or medical supplies on its site, goodbye.

To Grady Trimble with the latest -- Grady.

GRADY TRIMBLE, FOX NEWS CORRESPONDENT: Hey, Neil.

Amazon is working to make sure third-party vendors are not trying to make money off of coronavirus fears. Some of those vendors have been accused of jacking up prices of those medical face masks that you see.

We went on Amazon today, and we found a box of face masks for as much as $350. We saw one seller charging about $150 for shipping, others increasing the price of masks by almost five times compared to December, according to the price tracking Web site Keepa.com.

We went to a Walgreens and a CVS here in Chicago as well. No masks at either of those stores. The particular CVS we went to is even limiting customers to one box because of high demand, which could explain why shoppers are turning to Amazon.

In a statement to FOX Business, Amazon says: "Sellers set their own product prices, and we have policies to help ensure sellers are pricing products competitively. We actively monitor our store and remove offers that violate our policies."

Of course, stocks tanking across the board today, but some companies are seeing a boost, like the ones that make these medical face masks, particularly Alpha Pro Tech, closing up more than 100 percent today.

We should note, though, Neil, the CDC is not recommending the general public where these face masks right now.

CAVUTO: All right, Grady, thank you very, very much.

I don't know how you folks feel about that, but, I mean, there's got to be a special corner in hell for people who are gouging and taking advantage of a worldwide crisis and trying to make a quick buck on it.

There are laws against that with gas stations and others that do the same during hurricanes or natural disaster events. But, man, oh, man, with everything that's going on, forget about losing your shirt in the market. You should lose a lot more when you pull that stunt in the middle of a crisis.

Here comes "The Five."

Content and Programming Copyright 2020 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2020 ASC Services II Media, LLC. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of ASC Services II Media, LLC. You may not alter or remove any trademark, copyright or other notice from copies of the content.