Finished, the dow gained a thousand points. The s p 500 finishing the day markedly higher. The nasdaq soaring 673. President trumps decision to declare a National Emergency, a strong, swift action that opens up 50 billion in federal resources to help state and local governments fight the pandemic, the president also waiving interest on federal student loans. Directing the department of energy to buy up crude oil to store in the petroleum reserves. To unleash the full power of the federal government in this effort, im declaring National Emergency. We are announcing a new partnership with the private sector to increase on accelerate our capacity to test for the coronavirus. We want to make sure those who need a test can get a test safely, quickly and conveniently. The next 8 weeks are critical to turn a corner on this virus. Lou the Trump Administration says the next two months well be putting a major emphasis on expanding testing. This morning the fda approved a new coronavirus test. It
On this busy day, weve got full team kovrnl like you could not get anywhere else. Bertha coombs at the New York Stock Exchange Steve Liesman digging into the Economic Impact and meg here with the larapid response from companies. Dow down more than 1000 points b Bertha Coombs is there for us. Hi hi, kell lichlt the dow taking out its january lows today and dropping below 28,000 for the First Time Since december chip makers among the biggest losers today the surge in cases now in south korea, weve also seen the consumer names, tap tri leading the sell off while carnival crashes. Health insurers, its about medicare for all about Bernie Sanders put in a decisive win following a big win in the New Hampshire primary. That sector down 9 from last week finally, bucking the trend at the opposite end, gilead hitting a new high with Health Officials siting process on the ability to treat the drug and clorox, but guys, keeping things clean is the first line of defense against infection. Thank you
Cruise ship is being treated with an experimental drug made by Gilead Sciences. Hes in the Nebraska Medical Center in omaha. Overseas, virus cases linked to italy have spread to five other European Countries, and virus cases linked to iran have spread to iraq, afghanistan, kuwait, oman, lebanon and bahrain. Brazil is testing a man who recently visited italy. If a second test is positive, it would be the first case in latin america. Health secretary azar told congress quote, we cannot hermetically seal off the United States. The cdc says its not if it arrives, but when. Worldwide, economies are slowing, there is a fear of association with anyone who may have been in any way near a Virus Outbreak. Some borders are closing, flights canceled, hotels with any possible carriers, locked down. All right. Now lets show you the markets. Its all over the place. The dow at one point very early this morning was down over, well over 400 points. Now weve got a green arrow showing maybe a gain of 60 p
Good morning and welcome to bbc news. Scotland yard has caused anger in some parts of the media by warning against the publication of leaked government documents such as those that led to the resignation of the British Ambassador in washington. A senior Counter Terrorism officer said editors and publishers could face possible criminal action if there were further leaks. The remarks were made after the metropolitan police launched a criminal inquiry into the leaking of sir kim darrochs emails. He resigned on wednesday, after his unflattering assessment of Donald Trumps white house drew a furious response from the president. The conservative leadership race has also become caught up in sir kims resignation, as our Political Correspondent nick eardley reports. Kim darroch, the uks man in washington. Hell leave soon, though, after leaked e mails criticising President Trump caused a huge diplomatic row. Last night, the met said it was investigating the leak. Assistant commissioner neil basu
Our man in washington, Sir Kim Darroch, has resigned, but that is not the end of the matter. Now a Police Enquiry will try to get to the bottom of who leaked his e mails. The memos, published in the mail on sunday, called president inept and insecure. Mail on sunday, called president ineptand insecure. Mrtrump responded by calling the ambassador wacky and pompous and said he could no longer deal with him. Last night scotla nd no longer deal with him. Last night Scotland Yard launched is enquiry and the assistant commissioner gave this warning to the rest of the media. He said. In may, Gavin Williamson was sacked as defence secretary after being accused of leaking secrets from the National Security council, a charge he denied. Scotland yard were called on them to launch a criminal enquiry but they declined, saying there is no evidence of a crime had been committed. The whole question of press freedom is now becoming a major issue in the battle to become the next Prime Minister. This mor