Cruise ship is being treated with an experimental drug made by Gilead Sciences. Hes in the Nebraska Medical Center in omaha. Overseas, virus cases linked to italy have spread to five other European Countries, and virus cases linked to iran have spread to iraq, afghanistan, kuwait, oman, lebanon and bahrain. Brazil is testing a man who recently visited italy. If a second test is positive, it would be the first case in latin america. Health secretary azar told congress quote, we cannot hermetically seal off the United States. The cdc says its not if it arrives, but when. Worldwide, economies are slowing, there is a fear of association with anyone who may have been in any way near a Virus Outbreak. Some borders are closing, flights canceled, hotels with any possible carriers, locked down. All right. Now lets show you the markets. Its all over the place. The dow at one point very early this morning was down over, well over 400 points. Now weve got a green arrow showing maybe a gain of 60 p
Lows fausting with a relief after more than 1hundred points lost in just two days. Investors are getting back into this market and theyre bargain hunting because the bottom line, yes, there is fear about the coronavirus but no one really knows what is going to happen. Weve seen a page from this kind of playbook before. Markets do tend to claw their way back. When ebola was a threat of july 2014 to march of 2016, there was a lot of volatility but the dow only lost half a percent overall. For sars, november 2002 to july 2003 the dow gained. From september 2001 to october october 2002 the dow lost a little more than 17 . You look at history, get a sense how investors reacted to all kind of different events, ebola, sars cases, they say that they tend to be blips, not events that define the market. Major corona headlines breaking today, the cdc confirming 14 cases of coronavirus and a u. S. Soldier in south korea testing positive as well. That is not to say this isnt something to worry abou
Resident trump wayne and yesterday on the protest. Saying this. To the leaders of iran do not kill your Protesters Thousands had already been killed or imprisoned by you and the world is watching. More importantly the usa is watching. Turn your internet back on. Let reporters roam free. Stop the killing of your great iranian people. The u. S. Blaming the attack on iran. No group has claimed responsibility yet. To you first. I just told up this New York Post. The protesters wont trample them. They call it a real enemy. With iran admitting that it downed the ukrainian airliner and this is the response in the streets. A lot of the outrage comes from the beginning that they denied that they have done it. I think the people knew they were being lied too. It reminds me of prior to the fall of the berlin wall. I think this is one that is good to get more and more attention i think the world should be watching and stacked one thing is when the treated adversity. He hes speaking directly to tho
A lot of people say we were due for for selloff and people taking money off the table. The nasdaq ending in the green and positive territory for the years. In a few hours President Trump an medical members of his Coronavirus Task force will hold a News Conference at the white house. Well bring you any headlines from the president this hour. Fox Business Team coverage. Kristina partsinevelos on floor of new york stock exchange. Phil flynn is watching the action in oil and gold at the cme. Edward lawrence is on capitol hill. Blake burman at the white house. That is a lot of people. Well start with blake. Reporter melissa, we heard from the president he would be having a News Conference as he put it at 6 00 tonight. However we learned from the white house moments ago the president will be joined with members of the Coronavirus Task force for a News Conference at 6 30. Will do it in the brady Briefing Room. If that happens, that will be a first for the president , stepping into the Briefin
Farmer, but one man joins us exclusively to tell us about a unique new challenge that could hurt his new mexico farm. Plus 2020 candidates zero in on nevada, president s day, car sales, and Mark Zuckerbergs latest push for tech regulation. Were less than an hour to the closing bell. Im Kristina Partsinevelos in for liz claman. Lets start the claman countdown. I got a little excited there. Actually 25 hours away from closing bell because everyone else is on vacation. Were here working for you all. The competition is closed. The u. S. Markets ma i be closed but let the u. S. Markets may be closed lets take a look at the global markets. Nikkei slipping after japans government reporting the economy contracted 6. 4 annually last quarter. That means that japan could be heading for a technical recession. The hang sang climbed slightly. The central bank announced measures to help support the economy during the coronavirus crisis. Equities edging slightly higher today in europe. Analysts are al