Rival a dinner of donors held a separate ceremony to inaugurate himself. Bottom to the program the spread and fear of coronaviruses starting to have a major Global Economic impact on top of the growing human cost u. S. Stocks have plunged in the opening minutes in new york even forcing a temporary halt in trading as you can see and a short time ago brazils stock market suspended trading after a 10 percent drop all of this after a drop of around 30 percent in oil prices well kristen slim is our correspondent monitoring events for us in new york and of course the markets across asia and Europe Europe took a huge hit in that domino effect seems to have hit the u. S. What seems to have happened the dow jones today. Yes fears of the spreading coronavirus and plummeting oil prices sent stocks down sharply just after the opening bell at one point the dow jones plummeted more than 7 percent and that triggered an automatic shutdown of the stock markets for 15 minutes weve heard from the preside
Scrambles to absorb the rate shock. Opec has failed, failed to reach a deal to cut production all of this as the coronavirus spreads globally we are now more than 100,000 confirmed cases worldwide with more than 200 cases right here, kelly, in the u. S. Thank you we have all angles of todays sell off covered bob pisani is watching squatock. Rick santelli is in chicago where yields continue to plunge. Steve liesman is monitoring the fed and economy and diana oleic is telling us what it means for the economy and eamon javers at the white house looking at possible government response, but lets begin with bob just barely negative for the week i know that sounds startling barely negative for the week overall. Important thing here the bottom was 2954 and we are below that bottom right now for the s p 500. Take a look at some of the laggards now microsoft down very weak today jpmorgan, the worst performer, down 7 overall. Nike also weak dow inc also down. Home depot is down for the day, but u
Novato, up through st. Helena, few scattered showers around santa rosa. And also as you get up toward the delta, dry now. That will be changing because theres a winter storm warning in the sierra nevada. Fremont, 680, the hills there looking at some light shower precip. Cold system originating from the north that will bring us a huge amount of snow in the mountains. Right now it is 49 in milpitas, 51 in santa clara mountain view. The wider picture, little fog in novato at 48. 50 in half moon bay. Temperatures are milder with the cloud cover. As we get through the 9 00 hour, we have rain from the delta, napa, half moon bay. By noontime, it is a rainy day across the bay area. The system will stall out. The southern half of the bay already rainier from the east bay to the south bay. Then you will be in the north bay. Next time we see you, we will talk amounts and detail that winter storm warning throughout the weekend. Liz . New developments thisheoniru. A second person has died in Santa
Provide new for the quarter. Hsbc says 35,000 jobs will go after full profit misses expectations falling 33 italy sampalo getting rolling. Sending shares in the smaller rival up over 20 . The European Competition commissioner tells cnbc she had constructive talks with Mark Zuckerberg there is a change in tone a lot realize there is change needed not in detail. I think that is left for us. Good morning, everyone our number one top story today is about apple apple shares are sinking in frankfurt after the tech titan made a shart warning it does not expect to meet quarterly expectations the supply of iphones will be temporarily limited worldwide. Apple forecasted record revenues it has failed to provide a new revenue forecast, however. Shares in apple suppliers are sharply lower off the back of the downgraded guidance. You can see down almost 5 on the news big ripple effects were seen here you can see the broader complex down 3 to 5 this morning huge knock off effects having an impact let
Staying put on the ship, war of words, President Trump and former president obama sparring over who deserves credit for americas economy, after terrifying crash at daytona 500, we have all the latest on condition right now, mornings with maria is live right now. Maria director in wuhan, china, dead, contracted the highly contagious illness, 51yearold neurosurgeon died today. Death coming as more than a dozen patients tested positive for coronavirus or have a good chance of getting it have been sent to university of Nebraska Medical Center for treatment, we will get you the latest on that status, these are people who have been trapped on a cruise ship, docked in japan for 2 weeks, the state of art facility is no stranger to Infectious Diseases with patients suffering from ebola, sars, monkey pox, tuberculosis all being there. The death toll nearly 1800 people dead, more than 72,000 cases reported worldwide so far, devastating flood waters swamping mississippi this week they could receiv