Special Report | Markets in Turmoil
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 20 May 2020
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | Hi, I'm CNBC producer Katie Kramer, one of the voices behind the CNBC podcast SquawkPod. |
| 0:07.5 | In these times of uncertainty, we want to make sure we're bringing you, our listeners, as much information as possible, as quickly as we can. |
| 0:15.0 | That's why we're sharing with you now as CNBC special report, Markets and Turmoil. |
| 0:19.8 | Listen in. |
| 0:23.5 | Good evening. I'm Scott Wapner on day 142 of the coronavirus crisis. |
| 0:27.8 | Questions tonight about Moderna's vaccine, send stocks lower. |
| 0:31.6 | But there are new signs tonight the country is getting back to business. |
| 0:38.1 | Follow the session for stocks today. |
| 0:40.2 | Stocks lose ground. |
| 0:42.0 | It's just too early to assess how well it is working. |
| 0:45.1 | This, as yesterday's star, becomes today's goat, shares of Moderna tanking. |
| 0:50.6 | Why is it that the federal government should be the source of this money? |
| 0:55.4 | Plus, is America turning against our cities? As more companies allow working from home, |
| 1:01.2 | what's the downside? This CNBC special report, markets in turmoil, starts right now. |
| 1:08.1 | Here's Scott Wapner. Welcome, good to have you with us on this Tuesday night. After a late-day sell-off, |
| 1:13.6 | let's get you your first look at futures tonight. It was a sudden sell-off late in the day right now, |
| 1:18.5 | though we are green across the board quite early, as you know. Stock closing at their lows, |
| 1:23.1 | following a report by our partners at Stat News, raising questions about trial results from |
| 1:28.0 | Moderna's vaccine candidate. The Dow and S&P 500, both falling more than 1%. The headline from |
| 1:34.9 | Statenews that shook the markets today, vaccine experts say Moderna didn't produce data critical |
| 1:40.3 | to assessing COVID-19 vaccine. For more on that report from Statt News that did move the |
| 1:45.6 | stock market, we are joined once again tonight by Dr. Scott Gottlieb. He is a CNBC contributor, |
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