Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange giving back about half of yesterdays relief rally as breadth remains poor and the volatility continues and we are going to begin this morning with todays market selloff stocks remain volatile, the dow falling sharply after yesterdays gains, and thats the coronavirus concerns that continue to ramp up. Organizers around the world canceling conferences an trade shows over the outbreak. Ibm joining Companies Like facebook and google in canceling their own events yesterday evening whul others like apple and netflix have pulled out of conferences that are for now still moving forward like south by southwest were joined by Jeff Richards of ggb capital and j. J. Kinehan of td ameritrade. Good morning good morning, jon j. J. , first, what do you make of this volatility, the Market Reaction especially given weve been through months and months of trade concerns that didnt lead t
Up, this is not the time for excuses. He continued, this is the time to pull out all stops. Elizabeth warren has dropped president ial race. She spoke to reporters a short time ago. I will not be running for president in 2020. Lets take a deep breath and spend some time on that. We dont have to decide. Mark senator warren never placed higher than third in any primary contest. Contests inning any the super tuesday primary, she had virtually no path to winning the nomination. A setback today for angela netanyahu. The final results from the election have confirmed he has again fallen short of a parliamentary majority with his allies. The results signal further political deadlock. Mondays election was the countrys third in less than a year. Previous elections also ended in deadlock. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headqua
Florida, as well as a handful of others. For senator Bernie Sanders, based upon my reporting, i can tell you two things. They are trying to develop some type of operation for a contested invention that has been in the works for several months, but two, to try to change the trajectory and dynamics of the race it what increasingly feels like a unified Democratic Party be fined behind joe biden. David many thanks to Kevin Cirilli reporting from washington. A lot of this market is about testing. Hhsust had alex a czar, the saying 75 thousand by the weekend. Now they say they will not get that out. Drew with an Infectious Disease like this, the key message we have in our arsenal is to try to stop this is to say identify people who are infected and stop them from spreading into other people i saying stay home or be in the hospital or whatever, depending on how sick they are. Ifyou cannot ask people you cannot test people, you cannot do that. We are seeing these afterthefact cases where someb
Tuesday things are back in the green but the question is for how long were going to get to that shortly with some expert analysis but thats whats going on on wall street what about whats happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the United States as of tuesday the United Auto Workers have called for a 2 week shutdown of plants operated by ford General Motors and chrysler to safeguard their members from a crow Virus Outbreak Movie Theaters Movie Theater operators amc and regal will close for up to 12 weeks Department Store nordstrom will close for 2 weeks apple stores have closed and the list keeps growing on tuesday at the white house u. S. Treasury secretary Stephen Moore nugent spoke about what the administration has planned to stimulate the economy and help those working americans. Although the president likes the idea of the payroll tax holiday i will tell you what weve h
Plus as the virus continues its spread across the globe so as misinformation about the outbreak and tech giants are teaming up to take it on and later the global Aviation Industry has been battered by the virus could help for the sector be just over the horizon we have a packed show today so lets dive right in. And after the worst day for the u. S. Market since 1987 were seeing a bit of a rebound following an early rate cut from the u. S. Federal reserve as the central bank tries to mitigate the Economic Impact of the coronavirus markets tumbled to yearly lows losing more than 10 percent and on tuesday things are back in the green but the question is for how long were going to get to that shortly with some expert analysis but thats whats going on on wall street what about whats happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the United States as of tuesday the United Auto Workers h