Welcome to the program the u. S. President has declared a National Emergency over the coronavirus pandemic Donald Trumps announcement frees up 50000000000 dollars to address a growing crisis that hes been accused of previously playing down well hours earlier the World Health Organization said the epicenter had moved from china to europe where italy has the highest number of infections and deaths spain is declaring an emergency as other e. U. Countries closed their borders to and in less than an hour a u. S. Travel ban from most of europe will come into effect it stops people from 26. 00 European Countries from flying to the u. S. For the next 30 days well alan fisher has more on the new steps taken in washington d. C. From the u. S. President a dramatic announcement officially declaring a National Emergency. 2 very big words with more than 40 dead and the number of infected growing the president has opened up funding include states to take important steps to blunt the spread of the vir
Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind
Joe biden wins more states in tuesdays primaries to take a dominant veto Bernie Sanders in the race for the democratic president ial nomination. Also ahead queuing up to bare essentials growing anger in sudan i made an economic crisis and what that could mean for the new government there and support coronavirus threatens the opening race of the formula one season 3 team members are placed in quarantine in melbourne this cause a role for organizers to take action in australia. Starting with the corona virus and the fear is that europe may slip into a recession countries are trying to limit the damage resorting to sweeping measures to fight the epidemic the german chancellor today saying that Health Care Systems will be tested warning its likely the majority of the population. Germany will become infected until america has european governments to implement measures that would slow the spread of the virus as the country reports nearly 1300. 00 cases of them was one 1st in the us if you wi
Been a long time since i did good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla futures were up and we were up 950 points almost on the dow but were going to start with the market selloff from the highs at least dow is up 243, caterpillar and bogey. Bob pisani is here at post nine to talk about what these internals look like this morning. It all feels tentative, the whole thing. I said this morning, theyre putting an awful lot of faith on fiscal stimulus, not monetary stimulus the traders want to hear fiscal stimulus at this point so theres two camps one is the cam whop said we are so ridiculously oversold there has to be a bounce and they have a point on historical basis. We have extreme oversold conditions we have the largest single day drop on the index since october 2008 90 downside volume. At one point 99 of the s p was down the vix over 50. I dont think people understand what the vix over 50 means its a real number over 50 the market believes theres a 50 chance th
Influence across the region killed as he left the airport in back that along with others including the 2nd in command of the Popular Mobilization forces ever met the hundreds weve been hearing in the last few minutes from the iraqi president urging for calm and restraint and unity and in the in the hours leading up to this weve been hearing from various political leaders including the Prime Minister saying that a is this was a violation be this cannot be condoned in any way shape or form weve also heard from various political factions in iraq only how the and im ready and also the leader of the sudras bloc a book that al assads are saying that this is going to be to putting their forces on alert to some commanders calling them their their their forces on the ground their fighters on the ground valuing them telling them to be ready saying that this is the beginning of a great victory that was promised to them alluding to the ideological fight that they have been having with the United S