Italy remember its thousands of dead the highest virus toll in the world but spain has just had its worst day yet. A Health Emergency in mexico latin american countries step up measures to combat the pandemic. And the sounds of comfort how artists worldwide to entertaining fans under a lockdown. The u. S. Is being told to be ready for a very rough 2 weeks ahead as they could on a virus pandemic spreads just a week after President Donald Trump suggested the country could be back in business by mid april is now urging americans to heed official guidelines that are being extended the number of dead in the u. S. Has cost 3800. 00 people thats more than china where the virus originated the United States also has the highest number of infections. I want every american to be prepared for the hard days that lie ahead were going to go through a very tough 2 weeks. And then hopefully as the experts are predicting as i think a lot of us are predicting after having studied it so hard you can start
Going on the president announces a travel ban but the lack in detail and large scale coordination is rattling the markets on the legislative side, theres little agreement on how u to move forward on any relief and just this afternoon, the fed announced a massive injection of liquidity into the market. It briefly shocked stocks higher but now weve drifted back down towards the lows o the day a number of big interviews this afternoon. Jack lew on the economic response cmes ceo, terror ki duffey on ty and ben is the former ceo of sprint currently sits on board of jet blue hell join us to discuss the pain thats being felt in the travel sector, and zoe, does it hurt we are all over this massive market sell off. Charlie from Ariel Investments is with us for the hoyer hour. Meg is tracking all the new details on this coronavirus outbreak and elan is in washington with the latest on the house stimulus vote. First, the new york fed just announcing that massive liquidity injection. Cnbcs senior
Carwash. Reporter essential businesses that can stay open are places like Grocery Stores, laundromats, auto repair shops and drivethrough restaurants, but not vape shops like this when we found open today. The san jose mayor urged neighbors to turn in violators to 311. We are going to depend on the public, it is not snitching, its informing authorities to make sure we can all be safe. Reporter some businesses are closed but appear to be open because they left their open signs on like this hair salon. Certain patrol cars on each shift are designated as health order compliance cars, the main job making contacts with businesses that should be shut down but are not here there are not businesses operating, but a billiards hall, are you kidding me . How is a billiards hall thought they could be open during this time, as we go through this educational perspective, education will turn into enforcement very soon. Reporter the Police Department says it will be going around and reminding business
There. Reporter on thursday, the first person from Contra Costa County died from the coronavirus good this person was in her 70s and had a pre existing medical condition. The author recently traveled to europe. The Health Officer wouldnt release more details than that. We do expect the numbers of cases and dust to go up before they start to go down. Reporter contra costa Health Officer said there are 42 cases of coronavirus in the company and they are expanding tests every single day. He says they are preparing a hold order to prepare positive and negative test to be reported. At that point, we will have better information about the total number of testing that is going on. Reporter right now, most testing is being done in private labs. The countys Public Health lab is performing about 4100 tests a day but that is a small fraction of the total number of tests being done. Weeks ago, the county also started identifying available ventilators and reporting out to the state and federal gove
Americans, its bad. The infection adds to the oil slump. Shery lets get you started with a quick check of the markets. We were seeing earlier losses gaining three tents of 1 , but its still early in trading coming off the worst day again since 1987 and losses accelerating and falling to session lows. President trump talked about economic disruption lasting well into the summer. The dow now falling to the lowest level in two years. Losse talking about a 30 since the peak in february. We are seeing the Downside Pressure with the s p 500 index. Every sector on the s p in the red with losses of at least 7 . Financials and real estate leading the declines. , fallingave small caps more than 12 . U. S. Futures at the moment, a little upside. Up 6 10 of 1 . We will see how things shape up as the asia session gets underway. Amid thesia wideranging meltdown with more central bank rates, moving to boost liquidity we had on monday. The bank of korea delivering a 50 basis point cuts in emerging mee