4.3 • 1.2K Ratings
🗓️ 16 March 2020
⏱️ 59 minutes
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| 0:00.0 | All right, I am Brian Sullivan. |
| 0:03.3 | Thanks for joining us. |
| 0:04.3 | The virus outbreak rattling nerves and shaking the global economy and markets. |
| 0:09.4 | That is a live look outside our window here at the NasDAQ right in the heart of Manhattan and |
| 0:13.3 | normally at this time Times Square would be packed with tourists theater goers commuters |
| 0:19.0 | but right now it is eerily quiet and likely to remain that way for some time. The president |
| 0:24.8 | saying the virus could stick around until late summer the impact of the outbreak |
| 0:28.9 | being felt from Main Street to Wall Street and today investors felt the full force of the selling. |
| 0:34.8 | The Dow ending the day down roughly 13% an incredible 3,000 point drop. |
| 0:41.2 | By far, the biggest point drop drop ever the once impenetrable technology |
| 0:45.5 | stocks falling hard Apple down 12% Microsoft lost 14% today every |
| 0:51.8 | S&P 500 sector finished deep in the red and perhaps the most |
| 0:55.7 | incredible move of all, Boeing down 23 percent to a hundred and twenty nine |
| 1:01.8 | dollars. Boeing was a nearly four hundred to $129. |
| 1:03.0 | Boeing was a nearly $400 stock just a few months ago. |
| 1:07.7 | The sell-off comes despite unprecedented action for the Federal Reserve, |
| 1:11.4 | which did little to ease people's concerns. |
| 1:14.0 | Of course, we've got full team coverage for you tonight of this record-breaking sell-off, |
| 1:17.5 | and let's kick things off with Bob Passani, who again is on the floor of the New York Stock Exchange at least Bob for now. |
| 1:25.4 | I am on the floor indeed Brian and we saw our third trading halt in just six sessions |
| 1:29.8 | right at the open a 15 minute halt with the S&P down 7%. Now like the two other |
| 1:35.0 | halts it did produce a brief rally shortly after the market reopened but like the |
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