Will have issues producing energy so lets go out and buy 10 billion or 20 billion worth of oishlgs fil, fill up the res. The oil market has nothing to do with the coronavirus other than theres just a lot less demand at this point. But youre right, unprecedented issues. Maria yeah. No surprise, russia would pile on just in the middle of a crisis for the United States and say im not going to cut production. Secretary mnuchin, a pleasure to have you. Thanks very much for the clarity. We appreciate it. Thanks, maria. Great to be with you. Maria see you soon. Secretary mnuchin. We cut into varneys time. Stu, my sincere apologies. Varney Company Begins right now. Have a great day, everybody. Stuart good morning, maria. Good morning, everyone. If i may just say very quickly, the key sentence to me from listening to secretary mnuchin was we will destroy this virus and the economy will come roaring back. We will go back to a normal world. Good morning, everyone. Lets get going on the program. A
The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc
Connell here is what is knew l new at this hour. Democrats candidates get in as many stops as they can before they head back to washington for the impeachment trial tomorrow. Paying with a wave. How amazon is working to link your credit card information to your hand print. Prince harry is breaking his silence on megxit. We have new details coming out. The duke of sussex with his decision to try to walk away from royal life. Deirdre dueling events on the world stage. President trump getting ready to depart for davos, switzerland as the Senate Impeachment trial begins to unfold here at home. Blake burman with the very latest. First of all, what time does it all start . Reporter well impeachment trial starts tomorrow afternoon. The president though set to leave the white house here, about 2 1 2 hours time. Get him on board marine one, air force one, head to davos, switzerland, for the twoday trip to the World Economic forum. Were getting a better idea, deirdre, connell, what the president
Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
Increases his chances of being reelected. More out of ballup. Americans are increasingly positive about the state of the union. 45 satisfied. Now it has not been this high since 2005. Look at that. 2 3 say Economic Conditions are excellent. Fox news alicia acuna is on the ground at that rally in colorado with more. Alicia. Wow, theyre piling in right now. Great to see you. Reporter a lot warmer in here, liz, than it is out there. We were talking with a lot of folks. President scheduled to take the stage here at broadmoore arena in Colorado Springs. In less than an hour he will be joined by Vice President mike pence and others. This place holds 8,000 people, this arena in particular. It is packed as you mentioned. So many of them have been here since yesterday. This is el paso county, a place candidate trump won easily in 2016 although he did lose to Hillary Clinton statewide. The conservative strong hold in colorado, folks here are really hoping to deliver to the gop this time around.