Going on the president announces a travel ban but the lack in detail and large scale coordination is rattling the markets on the legislative side, theres little agreement on how u to move forward on any relief and just this afternoon, the fed announced a massive injection of liquidity into the market. It briefly shocked stocks higher but now weve drifted back down towards the lows o the day a number of big interviews this afternoon. Jack lew on the economic response cmes ceo, terror ki duffey on ty and ben is the former ceo of sprint currently sits on board of jet blue hell join us to discuss the pain thats being felt in the travel sector, and zoe, does it hurt we are all over this massive market sell off. Charlie from Ariel Investments is with us for the hoyer hour. Meg is tracking all the new details on this coronavirus outbreak and elan is in washington with the latest on the house stimulus vote. First, the new york fed just announcing that massive liquidity injection. Cnbcs senior
New york City Real Estate will join us to tell us how he sees landlords managing renters who have shut down their businesses. The chairman and ceo is scott recker, he will be joining us. And judge will be here as well taken us through unique coronavirus cases going through courts. In the meantime breaking news, Drugmaker Mylan is voluntarily waving the u. S. Distribution rights for a generic version of an hiv antiviral drug so its available to patients with coronavirus. The stock is down, it allows other generic drug makers to apply for u. S. Approval as well, we will keep you uptodate with those headlines, i just wanted to bring you the breaking news. Checking in on the retail sector, walmart one of the biggest loggers on the dow, investors are pivoting away from stocks seen as recession proof and target lower despite a strong report on sales trends withdrawing earning drawings and nike, sports versus China Business has come back, it is about 50 of the revenue from china, ross stores,
Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents
Response coordinator joins us live. Why she says millennials are key to stopping the spread. Wall street meltdown, the dow plunging 3,000 points, its biggest oneday point loss ever, the Airline Industry seeking a 53 billion bail out as the president acknowledges we may be sliding into a recession. And what you need to know this morning about all those empty grocery shelves. Glimmer of hope. An experimental drug showing some promise. The coronavirus patient telling gma how it helped him turn the corner. Bar and Restaurant Owners in nashville fighting orders from the city to close their doors, and Police Respond to a kentucky man positive for covid19 who refused to selfquarantine. And banding together. The superstars giving the gift of music to millions. Performances from john legend, pink, Coldplays Chris Martin youre a sky full of stars and keith urban Live Streaming right into the living room. Actually, were going to say top of the morning to you. Happy st. Patricks day, banding toget
Pleas to millennials nationwide on why they could hold the key to stopping the virus. Breaking overnight, postponed, officials in ohio call off todays primary just hours before the polls were set to open, but voting is still on in florida, arizona, and illinois. Ebel its safe and we think the election will be just fine. Officials in those states under fire for moving forward in spite of the outbreak. Released, tom hanks and rita wilson released from the hospital, but still in quarantine. I got results back for coronavirus, and it came back positive. All that plus spreading the love. From impromptu concerts to a unique way of celebrating a special anniversary. Just a sweetness to the two of them and what they share. Well share how people are coming together to get through these strange times, today, tuesday, march 17, 2020. Announcer from nbc news, this is a special edition of today, the coronavirus pandemic. With Savannah Guthrie and hoda kotb. From studio 1a in rockefeller plaza. Hi,