Enter the county. This is bulls and bears. I am david asman, a fourth unprecedented halt to trading today, after s p 500 plunged 7 that happen during the Task Force Briefing this afternoon, we go to Kristina Partsinevelos at New York Stock Exchange. We got word that they will close the trading floor, wonder how traders feel about that. Reporter a lot of people surprised, you find out via media, there was app emai an el that circulated after market closed had. , saying two people tested positive for covid19. Since monday we have screening here at New York Stock Exchange, they take your temperature, on your forehead, a floor trader that tested positive was caught on the front e entrance, they he not been on the floor this week. I can not confirm they were not on the floor last week, that is a big question mark. And supposedly someone else in the building tested positive, wire goin go were going all electronic as of monday, note tomorrow could not friday, but as of monday. The big questio
President trump i will be invoking the defense production act in case we need it. It can do a lot of good things if we need it. Well have it all completed, signing it in just a little while of after im finished with this conference. Its prepared to go. Well be invoking the defense production act. Lou President Trump meeting with doctors and nurses at the white house. They committed to an increase in Safety Equipment including masks for healthcare workers. President trump american manufacturers are repurposing factories. One major manufacturer has doubled capacity and we asked Construction Companies to donate unused masks, and they have quite a few of them, the Construction Companies. Who would think that. But they will be donating unused masks. The Defense Department is making millions of masks available for healthcare workers. Lou healthcare workers across the country taking matters into their own hands at the headquarters of the Providence Health system. Workers convening in Conferen
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
We have fox Business Team coverage. Phil flynn is at the cme. Edward lawrence is on capitol hill, blake burman is live at the white house but first, lets go to Kristina Partsinevelos on the floor of the new york stock exchange. Do we have kristina . Kristina Circuit Breaker halted all markets for 15 minutes. The new york fed came out injecting 1. 5 trillion today and tomorrow in the repurchasing market. A lot of movement. Yet we still finished the day down, almost 10 lower at the dow, 2321 points. S p almost 10 as well. 9. 5 lower. Same thing for the nasdaq. Complete negative territory. You guys talked about it, this is a historical day, the biggest drop since the crash in 1987. I was only two years old at that point. Look at dow losers for the day. The dow has been down the entire day. Boeing, boeing taking a major beating. The stock was halted earlier today. Walt disney on there, ibm, american express. I want to switch over to travel stocks weve been paying attention to today, more s
People. Empty store shelves becoming the norm this morning. Amazon to hire a hundred thousand workers and Major Grocery chains adding jobs as well to keep up with demand as well. More countries closing borders. Things have reversed course and dow industrials showing decline of 96. Nasdaq up 29 but s p is are youer by 12 and a half after dow, nasdaq and s p 500 had biggest oneday point loss in history. It was 13 in a day. 12 and a third percent and the s p gave up 324 points yesterday, 12 , yeah, quite a day on wall street. Primary day on ohio. Voting still taking place in arizona, florida and illinois. Mornings with maria is live right now. Maria we want to check Global Markets this morning, asian markets were mixed overnight. Remember, we did have a pretty good upswing at the end of the day coming off of the lows and into the premarket, this morning we had rally and that reversed. In china, the shanghai composite down third a percent. Oil prices rising after hitting new 52week low yes