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
Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.
Commentatoentary the last 24 hos whether its acumen and dalio on one side you point is, no revelation 6 8. Why are we not believing in science . You have been pretty consistent on that. What happens today if the fda approved a drug . What happens if they do that do we then start thinking about, geez, how much pain it will be if we print all these dollars. How about if it is approved and we say, you know what, im really worried about boeing. I mentioned that because its front and center, but im looking at the fda and not at the fed, and i think a lot of people who came on this morning oh, damn, i lived in my car and was not doing so well its not all done in fair weather. I listened to a lot of really rich people, some crying yesterday, today, talking about the end of days, i think the American Worker is a little tougher and i think if we get the drug, we get approval, i think well all say, geez, maybe this thing isnt going to last forever and we can tide workers over, and we can help th
1864 is very nervous. A lot of cloud cover so the lows are up. A lot of rain possible down towards monterey and i bet thats about where it stays. 40s, 50s on the temps. A lot of cloud cover. Pretty mild. Expecting rain. Sal caon the peninsula, sal . Well they have a couple of lanes open, steve. Southbound 101 there was a crash there since about 2 00 this morning. They have traffic getting by in two lanes. However, they do have a couple of lanes still closed. I would recommend using 280 heading down if you are driving on northbound 101, its not affecting you or on the san mateo bridge. 4 31. Lets go back to the desk. All right. Sal. New this morning from afghanistan. A new deal promised by the taliban will start tonight. The state Department Says the United States and the taliban the goal, building a permanent cease fire between both sides and bringing american troops home from afghanistan. U. S. Forces have been in afghanistan since october 2001. It is americas longest war. The Sheriff
And point out that those who do meet the deadline will be eligible for future teacher assignments and a 2,500 annual housing stipend and serve on a committee to work to improve conditions for grad students. Were not sure if that is part of the process that Janet Napolitano is now calling for but it is a step in that direction. But as long as this midnight deadline remains, the clock is still ticking. Live at uc santa cruz, robert handa, nbc bay area news. We have developing news out of contra costa county. A brush fire on dear valley road west of brentwood. The fire grew to about 7 hours sorry 7 acres before firefighters were able to knock it down. It is now fully contained. No word on what started this fire. We are learning more tonight about the murder of a woman at at san jose airbnb. A suspect is accused of stabbing his girlfriend to death. Appeared before a judge and was charged with murder, the stabbing happened on Mountain View avenue. Sheriffs found the body on tuesday. But dur