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Student loan debt and new york orders 100 of the states workforce to stay home except for essential sftss. California, illinois and United Kingdom asking residents to do the same moments from now, he runs the largest restaurant in the world. Mcdonalds ceo will join us for an exclusive interview to discuss the companys response to the coronavirus that live interview coming in just a few minutes lets focus on the big stories we are watch iing. Mike tracking the market moves in the final hour of trade bob pisani on the unprecedented week for stocks. Meg has the latest on the coronavirus. Mike, first to you on this Market Action on the final weekday of a crazy week. Its still skittish there was a couple of days we were able to pull out some clues of stabilization a chart of the s p 500, we keep going back to the levels of tight end 2018 right back there now i think you can look un ....
Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not ....
Driving the action first and foremost of course the heightened fear about the coronavirus. More countries go into lockdown as the steady spread of cases continues. The fed made a dramatic move cutting rates to zero and announcing new assets. And the economic slowdown with weak manufacturing data this morning from both china and the u. S. As we just said we are down about 9 on the dow. The low of the session was down 12 or 2,800 points. The dow is down about 31 from the recent market highs as we stand with just under we have every angled covered for you. Lets drill down on the selloff Mike Santelli at the market dashboard and lets begin with bob on the floor of the exchange. Trading halt this morning, 15 minutes right after the market opened our third trading halt in the last six sessions. Look at the s p 500. Our low is just a tad above 2,400. So well off of that number everybody down here waiting to see what if anything the presid ....
To not make haste good friday morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Morgan brennan heads our coverage at headquarters bulls trying to hold the bounce after the worst day for stocks since 1987 the five Big Tech Companies apple, facebook, alphabet, amazon and microsoft lost more than 400 billion in value on thursday the treasury secretary Steven Mnuchin joined us this morning on squawk on the street. Take a listen. The president is looking at a major stimulus package whether its through the payroll tax cut or through another means of delivering liquidity to hardwork americans, weve announced what will be about 200 billion of liquidity through delaying irs payments, so hard working americans who have tax payments due or small or medium sized businesses can delay them i can assure you we ....