A Pandemic, A Passenger, & A Market Plunge

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 March 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The WHO has declared the coronavirus outbreak a pandemic, and Pulitzer Prize-winning columnist Tom Friedman says the U.S. needs a “World War II-level response.” Former FDA Chief Dr. Scott Gottlieb warns that the United States has been too slow to roll out broad virus testing. A passenger on a JetBlue flight tested positive for coronavirus; another passenger on that plane explains the airline’s response and his efforts to keep his family safe. The global pandemic continues to rock the economy, sending stocks into a bear market. Allianz Chief Economic Advisor Mohamed El-Erian expects more volatility--and a deeper drop--still to come.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our show, Travel from
0:07.0	Europe to the US Suspended, The Bull Market Ends, and coronavirus classified as
0:11.9	a pandemic.
0:13.0	Dr Scott Gottlieb on what's next in the US.
0:16.0	It's too late for us to have the kind of outcome that South Korea achieved.
0:19.0	We're losing valuable time.
0:21.0	And Pulitzer Prize-winning columnist Tom Friedman.
0:24.0	We have a logistics problem around tests.
0:26.4	We have a cure problem which doesn't exist.
0:29.1	We have a political problem.
0:30.3	We have an agreed on a bailout.
0:31.8	We have a global disorder problem. And we have an agreed on a bailout. We have a global disorder problem and we have an oil problem.
0:35.0	We've got that and more. It's Thursday March 12th, 2020. Squackpot begins right now.
0:40.0	Stand back you by and three, two, one, Q3. Good morning everybody. Welcome to Squawk Box here on
0:47.2	CNBC. I'm Becky Quick coming to you from CNBC headquarters in Inglewood Cliffs, New Jersey.
0:52.8	Joe Kernan and Andrew Ross Sorkin are at the Nasdak market site in Times Square.
0:56.7	We're split up today coming to you from separate locations because of coronavirus.
1:01.6	We're doing this out of an abundance of caution.
1:03.6	Try to make sure for the safety of our employees and everyone they come in contact with
1:07.2	but it's not going to change what we do every day which is bringing you the news
1:10.3	you need to navigate these volatile markets. Obviously a big part of this
1:13.4	would be to make sure we can continue to do that even if one of our sites is
	...

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