And the time to talk in brussels the turkish president joins e. U. Leaders to try and find a way out of the standoff over migrants at the border between turkey and greece. Its good to have you with this it has been a day of drama on Global Financial markets fears of the coronavirus leave a trail of turbulence across the world share prices have plunged today with billions being wiped off the value of global indices the Dow Jones Industrial average took a nose dive at the start of trading more than 7 percent of its value wiped off in just the 1st minutes of the trading day that sparked an emergency 15 minute suspension and its no better here in. Europe in germany the benchmark dax index closed you see right there almost 8 percent in the red the gains of the past year were almost completely wiped out the price of a barrel of oil still and it has been at historic lows today after saudi arabia increased production to trying to pressure pressure russia into closer coordination of that disput
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Indonesia as well has been the laggard when it comes to its performance against the dollar. That is also seeing some decent gains. We are up 4. 5 . Yesterday, we saw a stunning rally, jumping the most in 20 years. May just be a technical rebound given how extreme the drop had been before. Brent and crude, we are still seeing some decent gains. We could be in a freefall given the shutdowns we have seen across the globe. Australia. Hing the only laggard today, down about 1. 5 . Still has been a stunning rebound. E. M. Having a good run. Jay powell has been reassuring americans the fed still has plenty of tools and plenty of tools to blunt the economic damage from the coronavirus. He is urging the house to pass the 2 trillion stimulus package. Kathleen hays is here with what happened today and what happens next. Is the stimulus package a one and done deal . It looks like it is going to pass. The Senate Passed it 960. The first vote was 4747. Finally, after days of backandforth, democrats
This number, down 664 points, for a loss of about 8. 5 . Crude oil at the moment, it has been vicious and quite a violent downside move, even after the ones last week that were very ugly. We see crude oil setting at 28. 70 but in the aftermarket, we are just above 29. Call it straddle. We are right at 29 a barrel. We have major developments this afternoon putting even heavier pressure on the markets. Canada moves to close its borders and the nations airlines are seeking up to 50 billion in aid to support the massive plunge in bookings as of course, social distancing affects all forms of travel. In this hour, we do expect that live News Conference held by the white house by the Coronavirus Task force. 3 15 p. M. Eastern, 14 minutes away, as you heard. We understand the secret service has now started taking temperatures of those in attendance. Heres a couple questions we at countdown want to know. Will we see more stimulus announced . Will the status of the nations airports change at all