Violence. Thank you for joining us one month on from the corona virus being declared a pandemic the World Health Organization is warning countries not to become complacent as a global death toll surpasses 100000 the head of the w. H. O. Says lifting restrictions could lead to a deadly resurgence more than 1600000 people have been infected since the outbreak was detected in china late last year the current hot spot the u. S. Has reported its highest single day toll 2108 deaths half a 1000000 americans are infected with the virus the hardest hit state new york is conducting mass burials but there is a glimmer of hope across europe as its lead germany spain and france have seen the rate of infections slow down. Now even though the u. S. Has recorded more deaths than any other country in one day President Trump believes the death toll will be noir than what experts are predicting were seeing hospital admissions declining very substantially as i said a nationwide the number of new cases per
President trump meeting with Bank Executives right now at the white house about the state of the economy, amid the outbreak. Well bring you the president s comment from that meeting as soon as we have them. We have fox Business Team coverage. Jackie deangelis is on the floor of the new york stock exchange. Edward lawrence is outside of the west wing. Phil flynn watching action in oil and gold at the cme. Jackie, first to you. Reporter melissa, good afternoon to you, when i say the new normal expect the seesaw swings, it is not really an exaggeration. Tensions were high on the floor today, traders trying to internalize it, deal with it in the best way possible, basically saying until the virus peaks in this country and starts to fall off, you will not see an end to the volatility. Today a more than 1400 point loss. Session low was down 1689. The dow is now in bear market territory, in that bear market mode. As we said, not sure that wipes out the entire bull run but not a positive sign.
I am Francine Lacqua in london. These are your markets, doing a little bit great after the week we had last week. The ftse gaining some 2. 2 . A risk on bit more of move. I would caution everyone that these are on thoughts that the central bank would step in, and it is not because of threats that the coronavirus is getting any better. Lets get to the bloomberg first word news in new york city. Number of deaths of coronavirus around the world is over 3000. New york city has reported its quarantined to her manhattan apartment after contracting the virus and iran. Whennor cuomo says it was not if the virus made its way to new york. Aking a hit in february after spread of the coronavirus. Pmi plunged to a record low of 40. 3. The official reading also reached a record low of 35. 7. Chinas economy is gradually returning to work. 70 of at 60 to capacity last week up from about 50 two weeks ago. In the u. S. , former Vice President joe biden has won the South Carolina primary. It puts him clo
Economy some more and the dow will hit, wait for it, 32,000 this year. Thats optimism. Were at 29,000 right now. Then theres this, the New York Times issues its endorsement for the democrats nominee. The times is the bible of the Democrat Party and they split their decision. Theyve endorsed Amy Klobuchar and Elizabeth Warren. This is fascinating. Not biden, not bernie, not the former mayor of new york, bloomberg, no, left and far left is the times choice. Later today, the president flies off to the global elite get together known as davos. Picture this, please, the president fresh off trade wins and a growing prosperous economy, addressing over there while the trump haters over here try to impeach him. Im not keen on the expression but you cant make it up. Varney company the tenth Anniversary Edition is about to begin. Stuart watch out. Situation, step aside. I dont have tattoos and i wear a baseball cap the right way around but im going to fit right in, google. Weather, new york today
Investigators the Ethiopian Airlines pilots fumbled that but it still didnt save them. The forces were too bright they were too on balance in the train system that they could then get out of that seat and in my view be a model to check please it wasnt it not it should have mention things that call it the if youll be in crew update. Its not just the Ethiopian Airline pilots though since the crash other pilots have replicated the conditions of the ethiopian flight in simulators like this. And some havent been able to recover the plane using just the checklist. Has already been demonstrated by or very own fleet manager pilots that this aircraft impossible to trim and surf like additions big difference from the very well you may want to take an umbrella today looks like it could rain to there is a tsunami theres a hurricane theres a tornado. Multiple investigations have been launched including a criminal probe by the department of justice to figure out what went wrong during the design and