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Squawk Pod

Special Report | Markets in Turmoil: Consumer Spending

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2543 Ratings

🗓️ 16 April 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm C. NBC producer Katie Kramer, one of the voices behind the

0:05.3

the CNBC Podcast Squack Pot. In these times of uncertainty, we want to make sure

0:09.7

we're bringing you, our listeners, as much information as possible,

0:13.5

as quickly as we can.

0:15.0

That's why we're sharing with you now

0:16.6

a CNBC Special Report, markets in turmoil.

0:19.8

Listen in.

0:27.7

Good evening, I'm Scott Wopner on day 108 of the coronavirus crisis. The Dow falls nearly 450 points as economic data paints a stark picture. all has talked to reopen the country grows and the government's small business rescue plan is about to run out of money. The virus takes hold of the economy.

0:45.0

Retail sales down 8.7% and that is the lowest read ever.

0:50.0

Investors hunker down in the face of grim economic news.

0:53.8

Dow Session Lowe, down about 600 points.

0:56.4

As Americans grapple with their new realities.

0:59.6

I don't really know what the future looks like.

1:01.6

You've got to be prudent and planned for the worst.

1:03.8

But as the pressure builds to reopen the country, the question remains, are we ready?

1:09.5

The more testing, the more open the economy, but there's not enough national capacity to do this.

1:16.6

The CNBC special report markets in turmoil begins right now.

1:21.9

Here's Scott Wupner.

1:23.0

Good to have you with us yet again tonight. So with our top story tonight, how should

1:27.8

the country reopen? With us right now is the former Democratic presidential

1:31.9

candidate John Delaney, also the former Minnesota

1:34.9

Governor Tim Paul Lenti.

...

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