Stock market suffered its worst trading day since 1907 with share prices tumbling by 13 percent on monday the coronavirus pandemic is causing turmoil on Financial Markets worldwide despite drastic action from Central Banks to limit the damage kevin discussed whats driving the selloff with us senior correspondent. Well theres only one way this is going and it is going down look at yourself in a matter of weeks the Dow Jones Industrial average this is this is an average of many major corporations so an index of their stocks the average it is plunged to levels that we saw that the world was out in 2070 so over the course of a few weeks weve raced all economic progress made over the last 3 years and this is still early days yet i mean the pandemic in the United States it is predicted to get much much worse and essentially what were seeing is the equivalent of a run on banks so if a bunch of people run by sea to try to get their money out this is what investors are doing now with the stock
Calls corporate welfare. The dow did manage to finish the day in the green, however, but well off its highs a positive, the first backtoback days in gains in the dow since early february a lot of todays rally driven by boeing, optimism around a bailout helping boeing post a 24 gain, its best day since the 1962 ipo were going to dig into all this with tonights trader panel standing by for you. Plus youll hear from new Jersey Governor Phil Murphy. That state just reported one of its biggest singleday jumps in coronavirus cases. Well speak with the governor about what is being done to stem the outbreak and help all those hardworking men and women and their businesses in the garden state. As is becoming a trend, were also awaiting a White House Briefing on the virus. Well bring it to you live as soon as it occurs. Let us begin with that bombshell out of capitol hill. We are seeing new signs that stomach husband aid bill could be delayed live in d. C. With more on this developing story Kayl
Excellent meghan, a real pleasure listening to your thoughts today and we will have you back, of course, as soon as we try to get our gps with regard to the coronavirus and its Economic Impact in the marketplace. Thank you for joining us today Carl Quintanilla, back to you. Rick, see you in a little while. Good monday morning. Im Carl Quintanilla at post nine morgan brennanp with us from cnbc Global Headquarters, jon fortt from the floor of the nyse another eventful monday morning as im sure you know by now. We did trigger a Circuit Breaker at 2521, went down around 2400 and then since added about 100 s p points as we are at 2501 on the nose dow was near 25 and now 21. 2 interesting session, guys, as the day is far from over already jon, some headlines creeping out, this one just now, italy Lombardy Region posted the lowest number of new cases in the week, the kind of headline the bulls will want to see. Yes, indeed you know, i continue to watch the levels where we are jon, can you hea
Do this to gates these mysterious go ships on al jazeera. The country is experiencing. Tank top. I saw. That i think some of that way. Because i know i cashed. Out from the rest of the. Hello im richard yes but in europe the listening post here are some of the media stories that were covering this week if you cant beat them or suppress them block them in more and more countries internet blackouts have become a fact of life Syrias Bashar Al Assad and the interview and italian broadcaster did not want its audience to see putting a face on fake news theres all the less why should you believe me deep fakes like this full version of Boris Johnson are next level misinformation and they want to even dream on. The Ukrainian Border the trunk impeachment story set to news. For those of you watching this Program Online imagine what an internet blackout would mean to you shut out of messaging sites forced off social media deprived of news information and the means to contact loved ones and magine
Stories and developments that are rapidly changing the world we live in so is it possible for trump is actually a glitch or a key. Counting the cost on aljazeera. Because shes been experiencing it. Myself. I think some of that way. Because im not. Coming from the rest of the. Hello im Richard Burton youre at the listening post here are some of the media stories that were covering this week if you cant beat them or suppress them block them in more and more countries internet blackouts have become a fact of life Syrias Bashar Al Assad and the interview and italian broadcaster did not want its audience to see putting a face on fake news those are all less why should you believe me deep fakes like this full version of Boris Johnson are next level misinformation and they want to even dream on their. Ukrainian border the trunk impeachment story set to news. For those of you watching this Program Online imagine what an internet blackout would mean to you shut out of messaging sites forced off