DOW drops as coronavirus cases surge outside Asia; Sanders leads Dem field in delegates after Nevada, NH wins; Sources: Trump wants only loyalists installed in key admin jobs; O'Brian claims w/no evidence Russian meddling meant to help Sanders not Trump

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 24 February 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

DOW plunges 1,000+ points on coronavirus fears; Gains in 2020 now wiped out; Italy has largest cluster of coronavirus outside Asia with 215+ cases, seven deaths; New SC poll: race narrowing, but Biden still leading; Candidates ramp up attacks on Sanders ahead of critical 9 days; Moderate Dem attacks Sanders' partial defense of Castro; Bloomberg advisor: other candidates "don't deserve to win" if they can't find courage to challenge Sanders at debate; GOP's Scott: Sanders is biggest threat to Donald Trump; Biden denies calling SC his firewall, despite saying exactly that; Sources: Trump want fewer people working for him, more loyalists; Trump adviser: Ginni Thomas leading effort to compile list of "never Trumpers"; Sources: Trump's new personnel chief warns agencies to look out for disloyal staffers; 100% of NV vote in; Sanders solidly in 1st, Biden 2nd; Source: national security advisor O'Brien's instincts may be "political", O'Brian contradicts briefing on Russian meddling; Sanders says it's "unfair" to say "everything is bad" about Cuba's Fidel Castro; FL lawmakers blast Sanders over controversial Cuba comments; Sanders skips IPAC calling the pro-Israel group a platform for "bigotry", AIPAC calls Sanders decision "shameful"; Source: U.S. cannot "ignore needs of the Palestinian people"; Weinstein guilty of criminal sex act and rape; Hervey Weinstein found guilty in landmark #metoo moment; Weinstein booked at Rikers Island, sentencing set for March 11;To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is CNN Breaking News.
0:02.0	Welcome to the lead.
0:07.8	I'm Jake Tapper.
0:08.6	We're going to start with Breaking News stocks plummeting
0:11.6	as the coronavirus spreads amid serious concerns that
0:14.4	experts worldwide might not be able to contain it along with fears of a global
0:20.0	financial slowdown becoming more real.
0:22.6	Take a look at the Dow Jones right now, finishing down more than 1,000 points at the
0:27.0	closing bell.
0:28.0	Well, it's about to close and it's around 1,000 points.
0:31.0	Parts of Italy, the world's eighth largest economy, now on lockdown with the largest
0:35.9	concentration of coronavirus outside of Asia, also hit hard.
0:39.7	South Korea, the world's 12th largest economy, also seeing a surge in coronavirus cases.
0:45.4	Let's go to CNN's Allison Kossack at the New York Stock Exchange where the
0:49.2	bell's about to ring and Allison this is the first time we've seen investors react so dramatically
0:54.1	to the impact of the virus. Yeah investors certainly have broken up today haven't
0:59.3	they Jake you know the surprise spike in the number of coronavirus cases and those cases
1:05.8	popping up and countries outside of China, that would spark this dramatic sell-off today.
1:11.8	One of the big worries is that the virus could spread to countries
1:15.6	that would not be able to contain the virus. And so we see the Dow, now closing down,
1:21.1	over 1,000 points.
1:23.1	That means the Dow has erased all of its gains
	...

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