Our fears would be a. Message from the medical staff on the front lines in the fight against the karada street. The air. The coronavirus pandemic continues to tighten its grip on europe theres no sign that the infection rate is slowing with thousands more confront every day and the death toll is rising to just over 3400. 00 people have died in italy more than anywhere else in the world including china infections of suppost 40000. 00 the government will now deploy the army to enforce a lockdown in long body the region was to hit in spain the death toll is now past 1000. 00 infections there have also risen to nearly 20000. 00 and iran has Just Announced a further 149. 00 deaths bringing its total. More than 1400 president has some rouhani is calling on iranians to stay united to tackle the crisis they want to the u. S. The governor of the countrys most populous state california has told everyone to stay home one followers did sections of been reporting well take you live to the u. S. In
Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange giving back about half of yesterdays relief rally as breadth remains poor and the volatility continues and we are going to begin this morning with todays market selloff stocks remain volatile, the dow falling sharply after yesterdays gains, and thats the coronavirus concerns that continue to ramp up. Organizers around the world canceling conferences an trade shows over the outbreak. Ibm joining Companies Like facebook and google in canceling their own events yesterday evening whul others like apple and netflix have pulled out of conferences that are for now still moving forward like south by southwest were joined by Jeff Richards of ggb capital and j. J. Kinehan of td ameritrade. Good morning good morning, jon j. J. , first, what do you make of this volatility, the Market Reaction especially given weve been through months and months of trade concerns that didnt lead t
Said there are 15 confirmed cases of infection in the us with 42 cases coming from the japanese coming from that cruise ship in the japanese harbor of york a hama he said as good bipartisan spirit in congress and the white house for 2500000000 dollars in contingency funds to fight the virus he said he has spoken to the chinese president whos working hard to contain the virus lets just go back to the president from down here what more he has to say happens were totally prepared to push for funding he talking earlier about the other 3 measures that you put in place in the trial which are just replacing burned at this point as a virus france italy south korea are you planning that in those countries what you should use if you know im the president of the United States im not the president of other countries other countries some of on the list that are very respected in what they do in terms of what were talking about but i really want to be responsible for this kind of. If it means placin
So weve had very good luck. White house correspondent kimberly hellcat has more in terms of why the administration is holding this press conference now there was there were a lot of hits as the president talked as the officials talked you noted that they all seem to praise the president s leadership a lot of this seems to have to do with the fact that the president well he was traveling in india was getting a lot of criticism about his handling of the crisis so far that perhaps there were a lot of people that felt they were in the dark in terms of Public Health information that they werent sure that the results had been allocated so every speaker that went up continue to try to talk about and praise the president while also talking about the sort of necessary Public Health information. Meanwhile countries in the middle east are bringing in strict new measures to combat the spread of the virus saudi arabia has temporarily halting visas for the pilgrimage known as the omeara for tourists
A controversial citizenship law in india. Thousands of people turned out to welcome the return of come on rooms Opposition Leader. And we take a look at 2 very personal films about how politics of an impact in far flung parts of the world. Welcome to the program the United States and south korea have indefinitely postponed joint military drills as a result of the corona Virus Outbreak Health Officials in south korea have also released new numbers of cases there pushing the total number of people infected to almost 1600 well in the middle east saudi arabia has announced its temporary holding visas for both the pilgrimage i am for people coming in from affected countries iraq has closed schools universities and banned public gatherings as well as flights from several countries qatar has over the evacuation of the. Tare and kuwaiti citizens from iran to the spread of infections there meanwhile in the u. S. President trump has appointed Vice President mike pence to lead the response agains