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Squawk Pod

Special Report: Markets in Turmoil

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2543 Ratings

🗓️ 7 April 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

Listen to CNBC's special report on how the 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 as quickly as we can.

0:15.0

That's why we're sharing with you now a CNBC Special Report, markets in turmoil.

0:20.0

Listen in.

0:21.0

Good evening, everyone. I'm Tyler Matheson on day 99 of the coronavirus crisis.

0:30.0

Stocks surging today. All major indexes up 7%, but this virus has now killed more than 10,000 Americans.

0:39.0

Wow, what a market day.

0:43.8

Stalks surge.

0:45.4

If we are plateauing, we are plateauing at a very high level.

0:49.6

Trend trackers show signs of peak is near.

0:52.8

We're going to be looking at a decline in GDP of at least 30%.

0:59.0

But it's clear the damage has been done, and big risks remain as the crisis continues.

1:06.0

This is a CNBC special report, markets in turmoil.

1:11.6

Here's Tyler Matheson.

1:15.0

And good evening once again.

1:17.0

After a major update for stocks, let's start right now with a look at where the futures stand. Remember these futures are very

1:24.5

volatile at this hour and you can see that the implied open tomorrow for all three of

1:29.5

the major indexes is lower at this hour, but that can change obviously in the blink of an eye.

1:36.8

Let's talk about the Dow, the S&P and NASDAQ.

1:38.9

They were all way up today, all three indexes rising 7% but each index don't forget this how

1:46.2

could you is still down big from those highs of just two and a half from their

...

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