And oil down 6 to 2860 and change oil now on pace for its worst month ever and here is a stat that really sets the tone for how things have been and it comes from our friend ryan detrick at lpl financial. It markets the serventh straight session that was up or down and this breaks the previous record of six such volatile sessions set all of the way back of november 1929, a true sign of the times. All of the markets rising today. It is clear that we are in unprecedented times for the markets and the economy, but we are here for you here on cnbc with the folks working tirelessly around the clock. Bob is downtown and steve has more on the Federal Reserves move and most of the action came from inside the beltway. Lets get to Kayla Tausche with what was live with the white house response. An unprecedented stimulus package the white house is proposing, 1. 3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary Steven Mnuchin putt
Going under current. Global Financial Markets back on the rollercoaster this friday as the fallout from corona virus persists stocks went into the kind of negative territory havent seen in 3 decades in fact u. S. Markets took their biggest one day hit since 987. 00 then asian markets dipped as much as 10 percent on friday before rebounding and so far trading in europe is going into positive territory meanwhile governments are taking ever tougher measures to stop the spread while trying to calm fears of people facing layoffs changes in travel plans and children who arent going to school but skoda lawrence in london the latest from europe what can you tell us lawrence. Well i mean 1st of all come on in relation to the markets which have been sorting about though its it has been a much more positive day in london frankfurt and paris i think seems to be for a number of Different Reasons the markets seen relatively reassured in different ways the european governments are doing what they the
Elections. A little after 1400 hours g. M. T. Which is 2 pm in london 10 am in washington d. C. Keeping an eye on all the updates on the coronavirus pandemic as it stands right now sudan has confirmed its 1st case ukraine is barring all foreigners from entering the country u. S. Markets which you saw a moment ago have rebounded early d trade after they had their worst one day fall in 30 years and as we also mention the e. U. Setting up a 41000000000. 00 fund to help european economies that will be taking a hit. In this outbreak so heres the team at this hour lawrence lee in london keeping an eye on developments across europe also kristen salumi of the New York Stock Exchange starting there with kimberly in washington d. C. Kimberly the story coming out of the u. S. Seems to be the issue of who is being tested or rather who isnt being tested. Yeah absolutely even some members of congress saying they cant get a test despite the fact that they have been meeting with their constituents thi
How low can it go . Power lunch starts right now well explain. Thank you, tyler as markets lose their gains on coronavirus headlines, we have all the angles of this story and the selloff today covered for you. Meg terrel has the latest on the comments that took down the rally. Bob and Rick Santelli following the volatile moves in the stock and bond markets ameamon javers has the white hoe response. Update officials saying its fair to say were on the cusp of the pandemic according to a bloomberg report early this afternoon. Head of the fda center for buy logics evaluation and research said there is significant concern given the virus has spread to six continentcontinens we saw the first case confirmed in latin america that country getting a raised travel advisory from the u. S. State department based oen the sped of covid19 there dr. Marks saying the time lines of Vaccine Development mean one wont be available before the initial wave of the disease passes moderna stock soaring it delive
Judy and its friday. Mark shields and david brooks will analyze the opening of the impeachmen trial and the democratic race in two weeks until the Iowa Caucuses. All that and more in tonights pbs newshour. Major funding for the pbs newshour has been provided by Consumer Cellular offers no contract wireless plans that are desied to help you do more of what you enjoy whether youre a otographer or a bit of everything. Our u. S. Based Customer Service team is helping you to find what fits you. Bnsf railway. American cruise lines. Fidelity investments. The john s. And james knigh and engaged communities. Med and with the ongoing support of these institutions. And friends of the newshour. This program was made possible by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Good evening. Im vanessa ruiz. Well have the rest of the full program after these headlines. President trumps Legal Defense team for his Senate Impeachment tri