The dow down 879. Combine with more than a thousand point loss of yesterday, it is drop of over 1900, this steepest two day drop of dow has seen in history. This is significant, also remember, dow less than 500 points from correction territory that is down about 10 from the highs, we saw a big flight to safety today, continued one, which is also a red flag, yield on 1 10year note a little bit higher than 1. 3 , also hitting record lows, now latest coronavirus numbers is what is spooking the market. In china more than 77,000 cases, in italy 322 in iran 95. And that spread outside that took investors off guard. This selling all on the back of more concerns that you could see the spread come to the United States today cdc warning it is not a matter of if, but when the virus hits the states, and how many people will contract a severe illness. You had hhs secretary weighing in on that. There is now Community Transmission in a number of countries including outside of asia. That is concerning
The florida new york stock exchange, it was another brutal day, stocks pulled back from todays lows, this is the dow worst weekly weight loss in the context of an historic breathtaking run, 11 trillion added since a president was elected. The administration breaking news it is pushing back on a Washington Post story that the president is now talking about emergency tax cuts, we will get to that in just a Second Period the Federal Reserve says it made to undercut tax. It is now back at levels last seen in june of last year. Lets get to jonathan, the crowds have been gathering for hours at the rally in South Carolina. Good to see you. Really good to see her. Some of the people in this crowd are waiting in line outside of the coliseum in North Charleston since 7 00 a. M. Yesterday warning to ensure they could get into the rally. Before leaving washington President Trump spoke briefly with reporters about the stock market jitters driven largely by uncertainty of the coronavirus outbreak, h
Movers. Here is what is new at this hour. Mingling with the titans of Silicon Valley, oracle billionaire Larry Ellison is hosting a fun raiser for President Trump on the west coast before the president heads to arizona where he will have a Campaign Rally tonight. Were live on the scene. Plus billionaires debut. Mike bloomberg getting set to make his first appearance on the debate stage as his democratic rivals get is set to attack him. The growing homeless crisis in the state of california. How one city there is addressing the problem as dozens of people are literally setting up camp in rvs along a major highway. Melissa that is a pricey spot. Hillary vaughn is live in rancho mirage, california. Blake burman at white house. Jackie deangelis on the floor of the New York Stock Exchange. Hillary, lets start with you. Reporter melissa, this is not the first time oracle founder Larry Ellison hosted a sitting president at his exclusive invite only golf club, Porcupine Creek this is the first
Gains of so far. Worry of this spread and the durability of this group markets. The yield on the ten year hit record lows. With investors seeking the safety of u. S. Government debt. Now the immediate cause of the fear was sudden evidence to the disease taking hold now well outside of china. The number of cases in italy, iran, south korea vote significantly. Trent President Trump sought to calm fears but the u. S. Would also see an epidemic and insisted the country was well prepared to cope. Anointing Vice President pence to take charge of the response. But the head of dissenter for Disease Control said americans will not be immune to the spreading virus. Meanwhile, in politics in the democratic primary, senator Bernie Sanders has his lead ahead of the fields with the strong wind and nevada caucuses ahead of South Carolina primary and super tuesday next week. Now the rapid pace of all these events only underscores the unusual volatile of the challenges facing the country today. The eco
We have fox news Congressional Correspondent chad pergram on the ground in washington, d. C. , Deirdre Bolton on floor of new york stock exchange. Stocks rebounding after dipping into correction territory. But lets start with chad in d. C. Good to see you, chad . Good evening, liz. We learned past couple hours the house prepare races committees are working on 7 billiondollar supplemental appropriations bill to deal with coronavirus. There are 12 annual Appropriations Bills which fund the federal government. This is supplemental. A 13 bill were told, will be on the house and Senate Floors next week. Kevin mccarthy said there would be no requests for offsets donna shalala, freshman, democratic representative from south florida. But she served for eight years as president clintons health and Human Services secretary. She says when there was a Public Health crisis when she was in charge, she imposed something called, the quote shalala rule. Listen. If you ask who the American People trust,