Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
Markets already. Inbecause it has been priced the markets already. Doubly more downside as opposed to upside on the trade front as we focus on global growth, textiles under pressure. Textiles remain the focus, Technology Remains the focus, in u. S. China trade negotiations. Win, is touting this as a and i just wanted to highlight, this is down by 3 10 of 1 , but on its way to be the biggest thek exchange here in Southeast Asian region, 5 00plus billion in value, and stocks are leading. Lets look at the fx space. Currencyent to avoid rishaad well, we are looking to the skies now and the stock of manipulation, but Goldman Sachs says nothing new there. Reporter says the hour. You have got china space sat, haslinda. Haslinda you know why we are dollar yuan is not tariff watching it . It went as high as 10 . Traumatized. China data Going Forward, people the daily limit, on a day when chinese stocks are down, this will look and see where the yuan goes from here. Develops and manufactures ver
Is already forced thousands from their homes. And in big changes for african footballs Biggest International tournament the 2021 africa cup of nations in cameroon will start in january. Now russian and syrian warplanes have resumed attacks on province syrias the last remaining rebel held area and thats despite a cease fire that was supposed to come into force on sunday at least 21. 00 people have been killed in recent days the White Helmets rescue group says its recorded more than a dozen violations of that cease fire will have more on the die humanitarian situation in edges but 1st this report from cutting up has what area. The damage caused by one of several airstrikes in the northwest part. Its a bit like survivors trying to salvage whats left i emergency crews combed the rubble to recover the body of a child was there civilians were among the casualties and it lip city i was. Delighted to david to point out that in the afternoon it lapses he was targeted by stroke or 23 jets they h
And fears of all chemical toonami in the philippines sent thousands fleeing their homes and others defying evacuation notices. Big changes for african footballs Biggest International tournament the 2021 after cup of nations in cameroon will start in january. Now russian and syrian warplanes have resumed attacks on the last rebel held province at least 21. 00 civilians have been killed in recent days and thats despite a ceasefire that was supposed to have started on sunday the white house thats a rescue group has now reported more than a dozen violations of that cease fire has holding down reports. The damage caused by one of several air strikes in the Northwest Province of it but survivors trying to salvage whats left i emergency crews combed the rubble to recover the body of a child was their civilians were among the casualties and it lips city i was i. Did it it was your point that in the afternoon it lapses he was targeted by stroke or 23 jets they hit the Industrial Area and alcoho
Philosopher story here regard, but im going to do it here, because i think it is relevant and he said that life is best understood backwards, but you need to limit forwards and i think what we will try to do here today is to try to understand trumps north korea policy backwards and think about some of the things that happened in order to understand how are going to be living at forwards and what is coming in the coming year and i think thats really important because for several reasons, one, this is one of the Biggest International issues of our time, and at stake right, now and whether the approach is effective or not, it is not just whether we address the north Korean Nuclear threat, also a chance for reconciliation in north korea, and our efforts to stop the spread of Nuclear Weapons are also its state. In, addition i think its a critical window into understanding how President Trump conduct Foreign Policy. This is a signature Foreign Policy issue and i think its also important beca