Lots of guests coming up mel Mellody Hobson will join us. Well ask if todays the start of a downturn or a buying opportunity. The ceo of icelandbased Decode Genetics will join us. What the company has learned about how the virus spreads. Its an interesting study. Lets focus in on the big stories we are watching in this final hour of trade. Bob pisani tracking todays selloff Courtney Reagan with plunging retail Sales Numbers and wilford. Bob, a little recovery weve seen lets take a look at the s p and call this one cuomo versus the horrible Economic Data because the markets once again, cuomo moves markets. 12 30, started talking about lower hospitalization rates, the market lifted at that time continuing to lift but cant compete against those horrible Economic Data sara was talking about. The energy, the banks, the small caps, the industri industrials, Economic News, they suffer the Energy Stocks getting pounded, even down double digits, some recovering off the lows like apache and hess
Countries try to stop the spread of korean virus. So then europe is on the high alert has corona virus continues to spread rapidly across the continent and italy imposes unprecedented restrictions on the movements of its entire population european leaders are expected to hold an emergency meeting to discuss ways to halt the outbreak at this stage 27 European Union Member States have confirmed coronavirus cases the European Commission is calling for tougher measures to contain the spread. Member states must still focus on efforts to aggressively contain the virus particularly where there are few cases slowing down the virus must be our greatest priority in order to gain. In time for our Health Systems to function effectively and for research and development to france and italy people are stocking up on basic supplies as the government orders that 60000000 citizens to stay at home with massive restrictions on travel and public gatherings the country has the highest number of cases outsid
And saunders go head to head in the latest democratic primaries. At all the Indian Springs the league to be played in empty stadiums as countries try to stop the spread of coronavirus. Welcome to the news our top story you leaders have pledged to do everything they can to protect the blocs economy from the corona Virus Outbreak following an emergency Video Conference c. E. O. Announced its setting up an Investment Fund of up to 28000000000. 00 to support Health Care Jobs and Small Businesses e. U. Fiscal rules and regulations on state aid will also be relaxed to facilitate public spending. 1st and foremost we must act at the Macro Economic level and to be very clear from my part to we will use all the tools at our disposal to make sure that the european economy weathers this storm or cases of the coronavirus have been reported now in all 27 Member States of the continent is grappling to control its spread italy is at the forefront of the crisis and has its whole population on lockdown
Global come to the program our top story european leaders are meeting to discuss the spread of a cry in a virus but concerns over the outbreak forced the emergency summit to be held by teleconference at the reverential meeting need as pledge to do everything they could to protect the blocks economy from the chrono Virus Outbreak an Investment Fund of up to 28000000000. 00 has been established to support Health Care Jobs and small businesses. First and foremost we must act at the macroeconomic level and to be very clear from my part to we will use all the tools at our disposal to make sure that the european economy weathers this storm. Or cases of the crime of virus have been reported in all 27 even Member States with very much a forefront of the crisis and choose they was the 1st day on the major nationwide restrictions there but 168 deaths were still reported in the past day now taking the toll to 631 overall reports European Union leaders are grappling with the fact that one of their
Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b