New york City Real Estate will join us to tell us how he sees landlords managing renters who have shut down their businesses. The chairman and ceo is scott recker, he will be joining us. And judge will be here as well taken us through unique coronavirus cases going through courts. In the meantime breaking news, Drugmaker Mylan is voluntarily waving the u. S. Distribution rights for a generic version of an hiv antiviral drug so its available to patients with coronavirus. The stock is down, it allows other generic drug makers to apply for u. S. Approval as well, we will keep you uptodate with those headlines, i just wanted to bring you the breaking news. Checking in on the retail sector, walmart one of the biggest loggers on the dow, investors are pivoting away from stocks seen as recession proof and target lower despite a strong report on sales trends withdrawing earning drawings and nike, sports versus China Business has come back, it is about 50 of the revenue from china, ross stores,
Good morning from the studio 57 newsroom at cbs headquarters here in nebeu. Im annemarie green. This morning the coronavirus threat is prompting state officials to take urgent action. Governors in massachusetts, colorado, and North Carolina are now the latest to declare states of emergency. The measure comes as philadelphia reports its first death from the virus. That brings the death toll in the u. S. To at least 32. There are more than 1,000 confirmed infections. In Washington State, family members are on edge after 21 residents at a nursing home tested positive for the virus. Thats the same facility where most of the deaths in the state have occurred. In california passengers continue to disembark from a coronavirus stricken cruise ship in oakland. Theyll be quarantined at military bases or sent back to their home countries. And just outside of new york city a growing cluster of confirmed cases in new rochelle prompted the establishment of a containment zone. As meg oliver reports,
Princess are waiting to get off the ship and head into quarantine. That process will happen today. Three tsa agents at mineta san jose airport tested positive for coronavirus and possibly exposed travelers as well. Lets head over to kari hall who is tracking the sprinkles. Did you see that coming in this morning . I did. Well see that moving through but for the most part its not really a big thing to really slow you down this morning. As we zoom in we can see exactly where the rain is falling from san jose to south of free mon over to sunnyvale and part of the peninsula. We start out with light rain. This is going to move through, part of a bigger storm system bringing heavier rain just to our south. Well be watching this with some clearing for today. More on that coming up in a few minutes. Mike, there may be a problem on the bay bridge. Slightly wet roads in many parts of the bay. A slighting building commute for the cash lanes. No metering lights yet but on the span reports of a mun
And fighting for freedom, a florida man serves decades for a murder he doesnt commit. What hes telling us before judges decide if he should have a new trial. Its wednesday, march 11th, 2020. Well have the latest updates on the coronavirus after todays eye opener, your world in 90 seconds. Everybody has to be vigilant and has to be careful. But be calm. Its really working out. And a lot of good things are going to happen. The president urges calm as the outbreak widens. A containment zone is ordered in a new york city suburb. The National Guard called in. It is a dramatic action, but it is a matter of life and death. Reporter former Vice President joe biden notching hear wins in the latest democratic primary. Biden took home the biggest prize, that was michigan. We are a step closer to restoring decency, dignity, and honor to the white house. Reporter disgraced movie a maxum of 29ears. Tenced,is i think Harvey Weinstein is going to be sentenced to some rather serious time. Reporter the
Street ceos are heading there this afternoon to discuss solutions in the next hours, as investors await some relief. Kelly . All right, tyler, thank you very much. We are all over this major moment for the markets today meg terrell has all the latest numbers on the coronavirus, which is now being called a pandemic bob pisani is watching another thousandplus point drop for the dow. Rick santelli is out in chicago watching the bond markets. Eamon javers is at the white house where a lack of details on the stimulus plan is adding to this selloff. We begin with bob at the New York Stock Exchange. Robert in the absence of nif positive news out there, the markets keep drifting lower. Heres the dow we had a little mini rally going here, not dramatic, but a mini rally. And around 12 30 right here, we had the word from w. H. O declaring it a pandemic here i think that took a little bit of steam out of the market as you can see, were sitting near the lows for the day. Whats moving . Three things