Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
Amanda from california. Testing for the virus as it we land and get bombarded should, how thats making a bad situation worse as the virus good facetime clears that up. With messages from our families. Lets get to the news. Spreads silently. Trump announced this, you cant shutdown of schools, offices, come back, and the end of the going dark. Social gatherings is accelerating as they try to meet late night show suspended, the the demand for coronavirus curtain closed on broadway, testing. March madness canceled. Tom costello joins us and the nearly all professional sports three things were watching on hold and now major theme today on this issue. Tom, good morning. Reporter good morning, world and all that good stuff. Reporter in fact, the parks shutting their doors. President s 30day ban only how americans coasttocoast targets European Countries from 36 countries but fears fueling savannah americans to get back quickly. Thats top, up front right now the move condemned by europes leader
He has written 3 previous books before homewrecker is, how america lost iraq. And washingtons battle against americans, veterans and the thing is. What he has done is looking at veterans, looking at war, because of his reporting, fewer us military veterans face long lines waiting for disability compensation. He has sparked, his journalism sparked federal legislation, congressional hearings. What he does leads to a response by government and maybe we will see the same hedge fund magnates, shady banks and vulture capitalists suckered millions out of their homes and demolished the American Dream. He is a peabody award winner, Journalism Award winner, twice nominated for National Emmy for his work on pbs news hour. He is really good at what he does. We are very fortunate to have Dorothy Brown from Emory University school of law, nationally recognized scholar and tax policy, race, class. And and she was excited because she was eager to read his book. And lets join me in welcoming. Please we
Us. Today session is an opportunity to speak on the deterrents and signaling effect of financial sanctions, well and as many of you know well, economic u. S. Sanctions and economic tools which in general terms to those, named people or entities that should have access to the u. S. Financial system of those new people are entities to pose a threat to u. S. National security and the use of sanctions has become central to the exercise of u. S. Foreign policy and National Security over the last decade and in fact i would say, sanctions are a favorite policy tool of this administration in particular the top. The topic for todays session is also the subject of a report and i got jordan good to my left and i cowrote and we are releasing today, those of you here joining us in person will have seen that when you came in. Do not forget to take a copy, of the report includes findings of hours that came out no workshop and signaling and deterrence of sanctions and put it by the Franco Family Found
Good, okay, good morning, or afternoon, rather, and welcome to this event on u. S. Sanctions and deterrence. I am Liz Rosenberg and i direct economic programs here at the center for american securities, its a pleasure to have you here with us. Today session is an opportunity to speak on the deterrents and signaling effect of financial sanctions, well and as many of you know well, economic u. S. Sanctions and economic tools which in general terms to those, named people or entities that should have access to the u. S. Financial system of those new people are entities to pose a threat to u. S. National security and the use of sanctions has become central to the exercise of u. S. Foreign policy and National Security over the last decade and in fact i would say, sanctions are a favorite policy tool of this administration in particular the top. The topic for todays session is also the subject of a report and i got jordan good to my left and i cowrote and we are releasing today, those of you