Dow, S&P on track for worst week since 2008 financial crisis; First coronavirus case of "unknown" origin confirmed in U.S.; Is South Carolina primary the last chance for Sanders' rivals to make a stand?;

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 27 February 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dow drops 1,000+ points, closes in red every day this week; Goldman Sachs predicts no earnings from U.S. companies in 2020 due to coronavirus, say it could lead to recession; Health Officials: First coronavirus case of "unknown origin" reported; Trump contradicts health officials, says it's not inevitable coronavirus will spread here in U.S.; Sources: Pence will take lead on public statements, all Admin Health Officials must get VP office sign off; Market slide continues amid fear of coronavirus spreading; VP Pence under fire for handling of HIV crisis in Indiana & past claim that smoking does not kill; CA Gov: 8,400 people currently being monitored for coronavirus; CA Gov: California has shortage of coronavirus test kits; Trump contradicts CDC warning of "inevitable" coronavirus spread in U.S.; Trump shocked at how many people die of flu each year; In 2014 Trump politicized ebola to attack Dems before midterms; Sanders to critics who say he's too polarizing: Don't tell me I can't beat Trump; Pelosi: Democrats are about "unity, unity, unity" and will support whoever is the nominee; Rahm Emanuel's take on Democrats running to replace Trump; Sanders points to momentum in SC as he fights for upset; Bloomberg releases new details about his heart health, calls on Sanders to do the same; Biden: No evidence Sanders can turn out voters like Obama did; FMR VP says he had to find purpose after losing son Beau; Ahead of primary, Biden leads with wide margin in new SC poll; New SC poll: Biden holds 20-point lead over Sanders; Wash Post: Whistleblower claims U.S. workers assisted coronavirus evacuees without proper protective gear;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	8,400 people in California are right now being monitored for the coronavirus.
0:07.8	The lead starts right now.
0:10.0	Coronavirus continuing to infect the population and the markets despite
0:14.4	President Trump's attempt to calm the nation with perhaps overly
0:19.6	optimistic assessments putting Mike Pence in charge and frankly adding more confusion
0:24.3	by contradicting his own medical experts. No clue where it came from the
0:29.0	CDC confirms the first confirmed case of coronavirus in the US with no links to foreign
0:34.8	travel or direct contact with patients as nations are closing borders and
0:40.1	shutting down schools to try to contain the global outbreak.
0:43.2	Plus, Senator Bernie Sanders riding into South Carolina with a wave of delegates and energy.
0:49.8	So why does President Obama's former enforcer say Sanders is too big a risk for his party?
0:57.6	I'll ask Rahm Emanuel live.
0:59.7	This is CNN Breaking News.
1:05.0	Breaking News in our money lead, the Dow
1:07.8	tumbling more than a thousand points today
1:10.7	as the world economy reacts to the growing coronavirus outbreak.
1:14.6	The Dow and S&P now on track for the worst week since the 2008 financial crisis falling
1:20.6	sharply all week.
1:22.3	The Dow dropping 10% below its most recent peak putting it
1:25.0	into correction territory.
1:27.0	CNN's Allison Kossack joins me now live from the stock exchange.
1:29.8	Allison talk us through just how significant this is.
	...

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