Coronavirus crisis. This is two hours and 30 minutes. I want to begin by thanking our pannestist and esteemed members for joining us. This week our country passed a grim milestone, more than 100,000 americans have lost their lives due to the coronavirus pandemic. Thousands of americans continue to contract this virus every day. Over 150 more here in South Carolina on yesterday. And the day before, wednesday, marked our largest singleday increase of covid19 deaths. Local Community Leaders across the country, democrats, and republic ans need strong federal leadership to help them combat this deadly threat. Communities need federal help to get the protective equipment and testing supplies they need to protect their front line medical workers and essential employees. Unfortunately the administration is leaving it up to the states. Forcing them to compete against each other in order to purchase equipment and supplies from the private sector, leading to higher prices and greater shortages. W
A heaping of starbucks and shake shack after the closing bell despite a host of developing threats out there, no disability a quarter of companies that have reported so far have yanked guidance China Threatens retaliation for its role in the pandemic, and the virus death toll, new reports we could see 3,000 deaths a day in the United States as states begin to reopen. Is the action we saw today actually a sign that the market may be climbing a wall of worry . Hi, mel. Hi, guy its clearly climbing something. Tims been on this theme, so kudos toll him i was impressed, the price today was, you know, very interesting. So kudos to the market and people that still believe in it. Out of the three things you mentioned and loss of life obviously is the most concerning, but in terms of the market, you know, this potential retaliation against the chinese, that Steve Mnuchin spoke about today, and saying the chinese were still going to honor their trade agreement, i personally dont think the market
Have ordered coronavirus lockdown all right its time to boost your news i q. Tensions are once again heating up in the persian gulf after a brief confrontation on the seas between the u. S. And iran which resulted in president calling for the take down of iranian gunboats that come too close Rachel Blevins us following the story shes joining us now from the news room with the details to this rachel whats happening there well manella President Trump is now arming the u. S. Navy with the shoot down a new stronger order after a Close Encounter with iran has increased fears of escalation in the persian gulf trump took to twitter wednesday morning writing i have instructed the United States navy to shoot down destroy any and all iranian gunboats if they harass our ship. See his warning follows an incident last week in which the us claims 11 vessels from irans revolutionary guard came within 10 yards of u. S. Navy and coast guard ships in the gulf near kuwait while the Navy Released footage
On a mission to save lives we look at the army of cuban doctors traveling to virus affected countries. And assess cities a simple act thats keeping kids entertained despite living under lockdown. And the u. S. President on trump says social distancing should remain in place for another month to slow the spread of the coronavirus that is a reversal from his comments just last week when he predicted the situation would be back to normal by mid april the backtrack comes as the number of deaths linked to the virus in new york state rises above 1000 across the u. S. At least 140000 people have now been infected but in Britain Health officials are warning it could be 6 months before strict social distancing measures are lifted the u. K. Was put under a partial lockdown last week meanwhile in china some people are going back to work where the virus was 1st detected the stable han has been under strict quarantine for 2 months now more on that in a moment 1st lets update the situation in the u.
States to withhold unemployment claims data. It is friday, march 20, 2020 good morning welcome. Im Morgan Brennan live at cnbc headquarters we begin with breaking news. Yesterdays gains. Futures pointing to a higher open with the dow pointing to open up over 844 s p posed to open at 98 and the nasdaq now up 358. This is after the futures market opened last night in the red weve seen a reversal there. It is the first day of a less than 1 move in trading in 14 trading sessions so it gives you an idea of how much volatility has ebbed. The s p ending up about half a percent above 2,400. Similar for the dow, which closed back about 20,000 barring any historic move, the dow does remain on pace for the worst Weekly Performance since the financial crisis when it fell more than 18 in a single week s p and nasdaq tracking for the worse week since february. All three still trading well below 20 from recent 52week highs we reached just last month. Taking a look at the bond market we are seeing inv