The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc
Cruise ship is being treated with an experimental drug made by Gilead Sciences. Hes in the Nebraska Medical Center in omaha. Overseas, virus cases linked to italy have spread to five other European Countries, and virus cases linked to iran have spread to iraq, afghanistan, kuwait, oman, lebanon and bahrain. Brazil is testing a man who recently visited italy. If a second test is positive, it would be the first case in latin america. Health secretary azar told congress quote, we cannot hermetically seal off the United States. The cdc says its not if it arrives, but when. Worldwide, economies are slowing, there is a fear of association with anyone who may have been in any way near a Virus Outbreak. Some borders are closing, flights canceled, hotels with any possible carriers, locked down. All right. Now lets show you the markets. Its all over the place. The dow at one point very early this morning was down over, well over 400 points. Now weve got a green arrow showing maybe a gain of 60 p
Season jpmorgan crushes estimates, citi and wells are mixed ahead of the open. Plus sustainability is becoming the new standard, blackrock ceo saying the Climate Crisis is about to trigger fundamental reshaping of finance. And the tesla rally rolls on shares now up more than 100 in the past three months alone. Well start with bank earning, jpm, chase, citi, each posting better than expected results. Wells fargo shares moving lower on its miss. New ceo charlie sharp our cost structure is too high and i believe there are many areas where we will be able to increase our rate of growth. Efficiency really the story on wells, jim well, i got to tell you, im a total believer in Charlie Scharf and what he did at visa hes the most technologically inclined ceo in the bank group it has the most opportunity after this washout it is a washout. I dont think charlie will waste any more time. He has to address these things and he will. In the meantime, jamie diamond, what can i say about jpmorgan . It
More on your forecast. Still ahead robin all right, thank you john lets check in on the bay bridge traffic 80 west into San Francisco still at a crawl even in the finest hour, but. Looking better than the last hours so no problems or crashes we had an issue in the maze so a lot of the folks that you see here at the toll plaza are just now making it to the pay gates because they were stuck in the backup so its heavy from the maze up the incline up toward the tunnel, but its still under 20 minutes, were checking in on the east shore freeway because our crash was on 80 west. Right there in the maze it was like 40 minutes at one point now were down to 25 so thats good from crockett down to oakland and then checking in on 24 not too bad 19 minutes from one at creek over to the oakland maze james. I know one that im breaking news. We have new video of another attack outside the watermark building in San Francisco. So watch the top of the video here hard to see, but you can kind of make out a
Im bret baier. Breaking tonight, the issue of President Bidens memory and Mental Fitness on full display in front of a House Committee today. The now former Special Counsel who wrote controversial remarks concerning the subject was grilled today in a hearing about his decision not to charge the president over his retention of classified documents. Correspondent david spunt has all the highlights tonight from a contentious hearing. Good evening, david. David good evening. Robert hur took questions for almost five hours and it became clear right out of the gate that this was a proxy fight over who could possibly win the white house in november. I did not sanitize my explanation, nor did i disparage the president unfairly. Former Special Counsel robert hur defending his report and his credibility. The report critical of President Bidens handling of classified documents found piled up in tattered boxes in his Delaware Garage and personal offices. We identified evidence that the president w