Prepared. Once you have the nations credit they needed to change their behavior to reduce. Welcome to the program fears over the spreading corona virus a hammering markets around the world shares on wall street plunged on thursday triggering a stock in trading for the 2nd time this week the Dow Jones Industrial average was down more than 2000 points almost 9 percent shortly after the start of trading the selloff comes amid growing uncertainty over u. S. And global measures to contain the economic damage off the pandemic and follows the announcement of a travel ban to the u. S. And nearest tough trading sessions in asia and europe were. Investors of signal do sometimes function with stimulus measures so far. Lets talk to correspondent. Chelsea delaine. See how significant. Declines. Weve been talking a lot about some of the biggest stock selloff since the financial crisis were getting to the point where this selloff were seeing are going to exceed financial crisis level stock to clients
There has this advice for the rest of the world. Prepared. Once you heard the predators they need to change their behavior their needs to reduce their social life. And a hollywood giant behind bars former movie producer Harvey Weinstein is sentenced to 23 years in prison this is what justice looks like 20 plus 3 years sentenced weinstein had been convicted of rape and Sexual Assault in a case that gave momentum to the nature of the internet. Im sumi so much going to its good to have you with us the European Union is criticizing a decision by u. S. President donald trump to ban nearly all travel from europe to the. United states the e. U. Commission says it was taken unilaterally and without consultation now the ban will last for 30 days but it excludes the u. K. And ireland and a few other countries outside the schengen a passport free travel area trumps that the European Union had failed to act quickly enough to prevent the spread of the disease. Until now the u. S. President had made
A doctor there has this advice for the rest of the world. To. Tell them that once you have spread that they needed to change their behavior they need to reduce their social. Welcome to the program fears over the coronavirus pandemic are harming markets around the world shares on wall street are plunged on thursday triggering a stop in trading for the 2nd time this week the Dow Jones Industrial average was down more than 2000 points thats almost 9 percent and that was shortly after the start of trading the sell off comes of its growing uncertainty of the u. S. And global measures to contain the economic damage of the coffin 19 demick. Follows the announcement of a u. S. Truffled bungled flights from europe theres talk of trading sessions in asia and europe where investors a signal to dissatisfaction with stimulus measures so. Lets talk to a correspondent from chelsea delight in chelsea how significant. Declines. Weve been talking a lot about some of the biggest stock selloff since the f
Bear market. You consider the fact of the last 13 days, nine of them we have seen a move greater than 3 . Today you have a move of close to 5 . 6 at one point. This after the move yesterday. This is clearly not normal and it does feel like we are trading in a bear market whether or not youve actually surpassed that. Certainly not normal. We havent had two backtoback gains in this market going back to february abigail taking a look at whats been happening in the markets right now, she is standing by to give us an update. Truly a brutal day for stock risk assets around the world but especially in the u. S. Coronavirus fears, what that impact could be on the Global Economy and growth estimates. Here in the u. S. We see the declines are greater than they are around the world. The dow down 5. 9 in a bear market. The s p 500 is you were talking about flirting with a bear market. It does feel like a bear market whether we are technically there or not with the relentless selling day after day
Bars former movie producer Harvey Weinstein is sentenced to 23 years in prison this is what justice looks like 20 plus 3 years. Sentenced. Weinstein had been convicted of rape and Sexual Assault in a case that gave momentum to the need to commit. Im serious oh my god its good to have you with us u. S. President donald trump has banned nearly all travel from europe to the United States that ban will last for 30 days but it excludes the u. K. And ireland and a few other countries outside the shang in the passport free travel area trump said clusters of corona virus infections in the u. S. Were traceable to people coming from europe and he blamed the European Union for failing to act quickly enough to prevent the spread of the disease. So far the u. S. President had made light of the corona crisis but now donald trump has taken drastic measures by fellow americans. To keep new cases from entering our shores we will be suspending all travel from europe to the United States for the next 30