And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced Many Americans to stay a
Will have issues producing energy so lets go out and buy 10 billion or 20 billion worth of oishlgs fil, fill up the res. The oil market has nothing to do with the coronavirus other than theres just a lot less demand at this point. But youre right, unprecedented issues. Maria yeah. No surprise, russia would pile on just in the middle of a crisis for the United States and say im not going to cut production. Secretary mnuchin, a pleasure to have you. Thanks very much for the clarity. We appreciate it. Thanks, maria. Great to be with you. Maria see you soon. Secretary mnuchin. We cut into varneys time. Stu, my sincere apologies. Varney Company Begins right now. Have a great day, everybody. Stuart good morning, maria. Good morning, everyone. If i may just say very quickly, the key sentence to me from listening to secretary mnuchin was we will destroy this virus and the economy will come roaring back. We will go back to a normal world. Good morning, everyone. Lets get going on the program. A
Europe including time to talk britain and the European Union finally begin discussing how they will trade together october exige. Coronavirus continues to disrupt global sport says asian football bosses hold an emergency meeting at some of the opening theresa promoter g. P. C. Isnt been called for in concert and tyler. Thank you very much for joining us turkeys decision to stop holding back thousands of refugees is causing new tension at the borders of europe the European Unions migration commissioner has warned no one can blackmail or intimidate the block and the german chancellor says using refugees in this way is unacceptable but. It comes as easy images. When released by turkey showing greek coast guard officers firing into the water near a migrant boat in the i j and see thousands of refugees have been attempting to cross into europe after turkey said it would open its borders for refugees and migrants and speak to their is john whos in the last post on the greek island of les pau
Crisis as leverage to force europe to support his syria operation. Exit polls suggest Benjamin Netanyahu has likud party has won the most seats in Israels Parliament and is within grasp of a governing majority. Coming up in support form a little poor i mean when footballer Daniel Sturridge says hell campaign against basing Company Practices of the being banned for breaching rules on gambling. So we begin with the current Virus Outbreak and data from the World Health Organization which shows the virus is now advancing faster in countries other than china new cases in china dropped to their lowest levels in 6 weeks on monday but continue to rise in south korea italy and iran senegal saudi arabia to nazir jordan and indonesia are the most recent countries to detect cases of the disease but every it shows has the best defense is still containment. In the last 24 hours there with almost 9 times more cases reported outside china. Inside china we are in unchartered territory we have never see
Biden ahead of super tuesday after any close are and people drop out of the president ial race. Continuum and 19 is physically and must remain the top priority. Countries the w. H. O. Says containment is key emit a surge of infections outside china and warnings the coronavirus could have Global Economic growth. Hello Benjamin Netanyahu is claiming victory in israels general election although it appears his fall in one or 2 seats sort of a parliamentary majority exit polls suggest thats an yahoos look good party and its right wing allies have around half the 120. 00 seats in the knesset so its the 3rd time israelis have gone to the polls in less than a year after 2. Failed attempts at forming a coalition well the chief palestinian negotiator has said the early results from israels election show annexation has won this is what saw about a cock sweetie its obvious that settlements occupation and apartheid have won the israeli elections thats a new Whose Campaign was about the continuation