Vice president pence we just completed another meeting of the White House Coronavirus task force. It has been a very busy and productive day here at the white house. President trump has no hire priority than the safety and health of the American People. And president has directed our task force employing a full resource of the federal government in full partnership with state and local Health Authorities to make that priority a reality. As i stand before you today, we have more than 100 coronavirus case is in the United States, that is counting domestic cases and cases of coronavirus of americans that were returned from china or the diamond princess. Im pleased to report that most of those who contracted coronavirus within our care are continuing to recover. But sadly, we received word today another american has passed away and their family has our deepest condolences. That being said, thanks to the president s strong leadership and the professionalism of all of our federal agencies, h
Good wednesday morning, welcome to squawk alley im Carl Quintanilla another busy day as our eyes, jon are peeled on the tape. Yes the market give and taketh away. This morning it takes. Dow down right now about 900 points and change. It has been down more than 1,000 rbcs mark and jeff join us now. Good morning, guys good morning. Good morning. So id like to start, mark, with what you do with the many calls that youve made already given this new environment that were in affected by the coronavirus and covid19 we can talk netflix, expedia, two different stocks in terms of how theyre being affected but perhaps illustrative of how investors need to look at their portfolios and how things could be affected. Lets look at netflix, you say its not recession proof but you believe its resistant why . So in the internet space, Consumer Internet space, ke extremes, the companies with the greatest exposures, troubles with their Business Models and the virus and recession, would be the travel compan
Requested. The ship be delayed to provide ample time for the cdc, the coast guard and the state to conduct tests the tests will then be sent quickly to a lab in richmond that should have the results within a few hours. So were holding that ship which is thousands of passengers as well. Off the coast and will be conducting those tests getting those test results back. In the meantime people will not be allowed to leave the ship and go on shore until their assessment is complete nervous moments for some people who work in a high rise building in downtown San Francisco. This after 2 employees were sent home because of concern they were exposed to someone infected with coronavirus force as madyun shows you where it happened. As each day passes, it seems theres another report of someone having the coronavirus here the bay area. So with people who work in the one sense of Street Building in downtown San Francisco received an email informing them that 2 employees who work on the 23th floor was
Routes in the u. K. Is incredibly difficult. As a result of which, to be in a for Francine Lacqua this morning. Lets have a look at the markets honest, this is something that then. Was probably always going to happen. Tom as an american, i would the stoxx 600 is down by. 2 . Suggest that may be possibly we opened in positive territory because the Railroad System is lifted with talk to come. So darned better than ours. Flybe we will talk much more about that today. That puts the virus front and sentiment from center. Its get to first word news with the trading day. Viviana hurtado. Countries are ongoing headlines are weighing on things at u. S. Futures are pointing negative. Tightening travel restrictions to contain coronavirus. There are reports japan will quarantine all people arriving this is the picture on oil markets. From china and south korea. Focusedthe brent price, australia has also added south korea to its band list. On the opec plus meeting in declaring a state of vienna. I
In europe, also watching what has been happening there, you will also see just like yesterday europe is down across the board. The biggest declines coming from france and london. The cac off 1. 6 among the big market themes, momentum stocks outperform, some momentum factor er, etf up on pace for the best ever launch since 2016 we are going to have a technical analysts on. I was distracted i asked the analyst whether it works like this with the outliar. They insist, no matter what, they did bounce off the level. The ones they mention. It hit exactly and bounced off it we have bleakly here lets say this, we manage 6 billion of assets. We want that to go up. It is risk management. We need p emto worry. We have a lot of them around today. Including me burgon county, the first presumptive case of coronavirus. Energy is in a bare market off from its high in april industrials also in correction territory. Gold on pace for its best performance. Looking at prices this morning, youll see they ar