President making those comments as he looked to defend his new european travel ban, latest on that prowhite house with blake buhrmann standing out but first Kristina Partsinevelos on this historic day at new york stock exchange. For the wrong reason. Reporter right, i cant believe i have been here twice the markets have been halted. For 15 minutes, the second time this week because markets dropped 7 in first 5 minutes, we have note seen lows like note seen lows lik not seen lowe this since 1987 black market crash, all market in bear market, they have dropped 20 from recent high, a broad selloff, gold fell, oil sell, travel industry got hit hard, we know that president did announce they are banning ought flights m the eu. That weighed heavily on united, american, and delta, more than 21 . Then cruise lines as well, another industry really taking a beating mor norwegian and carni, they voluntarily said they would cancel their princess cruise ship for next 60 days, that hopefully we can b
Days of sectarian violence least more than 30 people dead. Gold therefore helen mirren the british actress takes over the Lifetime Achievement award at the Berlin Film Festival. Im yearning for a mustang welcome to the program governments around the world are ramping up efforts to contain the coronavirus os the World Health Organization wants them to prepare for the pen demick stock markets have been tumbling as Companies One the outbreak is disrupting supply chains it comes with new infections outside china now and outnumbering those inside this map shows the severity of the epidemic around the world the deeper the group the higher the number of reported cases china the epicenter of this outbreak is still well out in front with more than 78000 recorded infections elsewhere the situation is most serious and south korea iran and italy. Also gather some 50 countries or territories now have confirmed cases in Germany Health officials have just reported 20 new patients and the w. H. O. Has
A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trading days, weve seen an average move of 1. 1 in the s p 500. Weve only seen that five other times going back to the early 80s last 15 minutes of trading, average move of. 8
Eamon javers is inside the meeting. Meg, what can we expect outside of this meeting . We did see the executives head in just a few moments ago as well as research chiefs theyre expected to discuss the status of development of both vaccine and drugs for the novel coronavirus. Gilead and regeneron have medicines in development, while the others are working on vaccines, as moderna las already delivered a batch for testling Stephanie Duke is catching up with stan erk, asking what he hoping to get from this meeting. Im hoping to get a commitment from the government theyll help us expedite the process. The case numbers are continuing to rice here, with seattle and king county just announcing an additional four deaths, bringing the total in this country to six. Guys what are you expecting, meg, in terms of the numbers of those that are diagnosed, given the fact that the cdc apparently is starting to provide more contests or is it in addition, we are starting to see local Public Health labs, a
Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c