Breaking news. U. S. Stock market futures are limit down even as the Federal Reserve slashed rates to stave off recession in the face of a global coronavirus threat. Life in america changing rapidly as governments at every level take drastic and unprecedented steps to try to slow the spread of the pandemic. Major retailers including nike and apple, shutting their doors for weeks. Well talk about the fallout for the u. S. Economy it is monday, march 16, 2020 squawk box begins right now. Good morning im becky quick at cnbc headquarters joe kernen and Andrew Ross Sorkin u. S. Equity futures hitting limit down after dropping 5 that means they cant trade any lower this morning those are the curbs set up by the exchanges. You will continue to watch whats happening with the etfs, however, because they are not held to the same restrictions. Can you see the dow etf is down by 9 . The s p etf down by almost 9 . That gives you a better idea of where the major averages would open if we were open h
Its a good discussion for you guys to pick up. Be well, thank you very much. Welcome, everybody, to an important show tonight im Brian Sullivan the Virus Outbreak rattling nerves thats a live look outside thes that zach. Normally at is this time, times square would be packed with tourists, theater goers, commuters right now it is eerily quiet. The president saying the virus could stick around until late summer the impact being felt from main street to wall street. The dow ending the day down roughly 13 . An incredible 3,000 point drop by far, the biggest point drop ever apple down 12 microsoft lost 14 today every s p 500 sector finished deep in the red, perhaps the most incredible move of all, bogue down 23 pshs, to 129. Boeing was a nearly 400 stock just a few months ago. The selloff comes despite unprecedented action for the Federal Reserve, which did little to ease peoples concerns we have full Team Coverage for you tonight. Lets kick things off with bob pisani, who again is on the
Weve been discussing today and which we shall move Forward Together next, and of course President Trump will tell you about it, but hes made a number of commitments and were going to be working together and my willingness to continue to work with the United States and president on this very major topic. I understand that its important to save jobs that being said, we shall lead the United States of america work on what is its road map and continue to talk about it. So today theres nothing new, unprecedented. Otherwise, we would have told you about it but i believe there is a joint willingness to continue to talk about this and try to find the best possible agreement. As far as im concerned, im very much i remain extremely attached to the framework of the paris accord which has been a Major International breakthrough and it is within that framework that im working on priorities including the European Unions lastly, as you know, i never very much want to comment who we are and what were
Hill some investors are saying its more about what she did not say than what she did. Well explain. Meantime, United Airlines is unveiling a new program to avoid upset passengers on overbooked flights. Wait until you this is actually a good idea. I love it. A great idea, and well outline it for you coming up. But we begin today with Senate Republicans unveiling a new version of the Health Care Bill, including offering plans with less coverage, the skimpy plans, quote, unquote, and keeping some of obamacares taxes. Kayla tausche has the details. Kayla . Reporter earlier today the Senate Majority leader said that the draft that came out today will be scored by the Congressional Budget Office early next week and after that point he hopes to bring it for a vote on a motion to proceed. That is where senators will say whether they think it should move forward, be amended, have changes be submitted by colleagues on both sides of the aisle and then have a vote on a final draft, but we are gett
This is just over 90 minutes. Now, as a creation of a soho forum we begin with a warmup act from a great libertarian comic back by popular demand, dave smith is great podcast, part of the problem, i myself faithful listen to. Here he is, the part of the problem libertarian comic dave smith. Dave, please come up. [applause] thank you, jeanne. Thanks, guys. How is everybody . What a great event. Libertarian comic even sounds boring to me. As soon as her that enter, that sucks. I had to come up with a better thing. What is this guy going to talk about, the budget . Well, obama, the great debate about obama too eas a great or . I dont know. Thisll be a lot of fun. I cant wait to see. Personally i do think obama is great at lots of things, like killing people with sky robots. These amazing at that. Hes like the best ever i would say. Spending money, hes like a god. Its like any other peoples money, hes like m. J. In 96. Untouchable. Im sorry your i dont, this is usually a more libertarian l