Break down the week that was in the markets and what next week may have in store. Plus the global virus lams market supply lines and manufacturing are also taking a major hit were going to analyze the disruption in auto manufacturing we have a truck show for you today so lets go and dive right it. Continues to spread worldwide as President Trump just moments ago the clarity a National Emergency for the united states. To unleash the full power of the federal government to this effort today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly for important and a large about of money for states and territories or localities in our shared fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers effective immediately. A National Emergency 2 words indeed now meanwhile the World Health Organization thanked all Health Workers around the
Will open up access to up to 50000000000. 00 of. Very importantly for important and a large amount of money for states and territories or localities in our shared fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers Effective Immediately a National Emergency 2 words indeed now meanwhile the World Health Organization think all Health Workers around the world and announced europe is now at the epicenter of the coven 1000 pandemic. More than 132000 cases of cold 19 have now been reported. From 123 countries and. 5000 people have lost their lives a tragic milestone. Europe has now become the epicenter of the pandemic wheezes more reported cases and theres this than the rest of the world combined apart from china more cases out of now being reported every day than were reported in china at the highest of its epidemic. This comes as Top Health Official for the trumpet ministration Dr Anthony Fauci said the disruptions from the coro
Reaches 514. And its game over for the English Premier League for these the next 3 weeks because of the virus. Hello the World Health Organization has warned that any country not moving to take tough measures against corona virus is making a deadly mistake it says europe is now the epicenter of the outbreak nations across the world are announcing drastic new measures to contain the virus spain has declared a state of emergency from saturday allowing the government to confine people and evacuated buildings Security Forces are being deployed to clear the streets right across iran in the next 24 hours and more global sporting events have been hit with the English Premier League suspended until at least april and 2 more formula one race is called off well the markets in europe in the u. S. Rose earlier after historic falls on thursday but the gains that faded and asian markets closed in negative territory well italy has reported another huge rise in its death toll from the virus jumping 25
Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that Steven Mnuchin was on the phone with speaker of the house nancy pelosi shortl
Conference in the white house rose garden is imminent. Hes expected to declare a National State of emergency over the deadly coronavirus pandemic that has taken the lives at last count of 41 americans and infected more than 125,000 people around the world. As we await the president to appear before the m cameras, we will take it the second it happens, markets on the verge of closing out the worst week since october 2008. We are firmly still in a bear market right now. What if anything can the president say to pull the markets out of this weeklong tailspin . To our floor show traders. We are teeing it up in front of the president. You have been on the markets front line. Tom at the nyse, phil at the cme. What Market Indicator will you most closely watch as the president speaks . Well, we saw extreme fear yesterday and they always say when no ones worried, thats the time to worry. Well, yesterday everyone got worried and they came out with massive action. Mnuchin reminded me of mario dra