Its finally gotten on top of the stunning lack of testing. What is the reality on the ground. Chaos. Massive lines for americans returning home as the travel ban goes into effect. We feel unsafe and more at risk of getting the coronavirus. More major American Airlines slashing flights across the country. The well have the very latest on that. Messages not received. Scenes of crowded bars and restaurants around the country this weekend. Why are some ignoring the pleas of experts and at what cost . It is a new day in america. Tens of millions of families across the country waking up to the reality of work and school from home. Its really frustrating. Its anxiety inducing. The question, is our nations infrastructure prepared to handle this. Were going to show you where adults and kids can turn for help today monday, march 16th, 2020. Announcer from nbc news, this is a special edition of today the coronavirus pandemic with Savannah Guthrie and hoda kotb live from studio 1a in rockefeller p
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of
Retail app. Is it a sign that black friday is broadening its reach. First, our top story. Ubers future in the city of london is looking bleak. They are not allowing a license, the reason im a rider safety. The mood in london is that uber will have to follow a similar procedure has a few years ago. In 2017, it was denied a license the first time and it immediately appealed. As long as an appeal is ongoing, they are allowed to continue. Wilbur said that they will appeal the wilbur said they it willsaid today appeal the uber said they will appeal the decision. As long as that appeal carries on through the courts, then it can stay on the ground. The question will be whether the company can make the changes in its software to allow tfl to feel comfortable that it is worthy and whether it is fit and proper, as they say. Uber said it has already fixed one of the main problems that tfl had with the app in the first place. But we will probably have to wait until the spring to get any answer fro