Instructed the u. S. Navy to shoot down and destroy iranian gun boats if they harass or ships at sea obviously thats a policy, thats going to make it so that anyone who is short oil theres so many people short oil, might say its worth covering here. I had a big win. Its geopolitical, the fact theres a failed instrument out there called the uso, i say its failed because its not been able to handle the selling yeah. Executing a 1 for 8 reverse. Are they really we talked about the usa more th than we ever have. Some things should have never been created, the uso was blessed when the s. E. C. Not around, people lose money, but theres no constituency that says you cant lose money. What do you make of the general notion that the president s tweet aside that some of the results last night were better than feared. You have a list of companies now that have been able to either sell a stake privately or through secondaries and well get to that in a moment. Plus the Senate Package making progress
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still
Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not. The fed, neil, you know this, basically what the fed has done in credit crisis over seven or eight month period t was done within hours this weekend markets reacted in the first 10 seconds. We dropped on the s p 500. We had a 15 minu
Thats clearly what it is. From now on on this show well call the contagion what it is. Itits a pandemic that has alry hit 30 nations. It has affected people in 114 nations. More than 1,100 cases have been con nirmd this nation. 30 have died. These cases are not for a lack of testing. At least thats what the health and Human Services secretary alex azar says. Azar saying testing has always been available for americans concerned they have the wuhan virus. We have a surplus of the supply. We have 2 million in shipment or waiting for orders. Just to be really clear about this. We have always had the capacity and capability to test any individual that any Public Health official believes needed to be tested for the novel coronavirus. We just making it more convenient and localized for doctors and patients to get testing. Lou then why mass not more testing been done. According to the cdc multiple specimens are required from each patient. We asked the cdc for clarification on how many patients
Conference in the white house rose garden is imminent. Hes expected to declare a National State of emergency over the deadly coronavirus pandemic that has taken the lives at last count of 41 americans and infected more than 125,000 people around the world. As we await the president to appear before the m cameras, we will take it the second it happens, markets on the verge of closing out the worst week since october 2008. We are firmly still in a bear market right now. What if anything can the president say to pull the markets out of this weeklong tailspin . To our floor show traders. We are teeing it up in front of the president. You have been on the markets front line. Tom at the nyse, phil at the cme. What Market Indicator will you most closely watch as the president speaks . Well, we saw extreme fear yesterday and they always say when no ones worried, thats the time to worry. Well, yesterday everyone got worried and they came out with massive action. Mnuchin reminded me of mario dra