Stocks Tumble, Growing Virus Fears Spook Wall Street & Remembering Kobe Bryant
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 27 January 2020
⏱️ 42 minutes
🧾️ Download transcript
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| 0:00.0 | Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street. |
| 0:10.0 | This is C&BC. Good Monday morning. Welcome to Squawk on the street. Market Sell off. |
| 0:15.0 | I'm Carl Kintania with Jim Kramer, David Faber, the New York Stock Exchange. The Dow is set for its worst day in about four months, as concerns about the coronavirus do get worse. |
| 0:24.4 | It is a big week otherwise. Fed meeting, Q4 GDP, the two busiest days of earning season. |
| 0:29.8 | Europe's down about two, two and a half percent. Asia mostly closed, but Japan down two, |
| 0:34.5 | 10-year 161 and oils below 53. Our roadmap begins with virus fears, spooking the street. |
| 0:39.9 | Stock set to tumble at the open headed toward their worst day in nearly four months. |
| 0:44.2 | Plus, the latest on that fast-spreading coronavirus, 81 deaths, more than 2,800 sick, |
| 0:49.4 | as health officials race to control the new strain of the virus. |
| 0:53.3 | And NBA superstar Kobe Bryant and his daughter killed in an L.A. area helicopter crash. |
| 0:58.6 | We'll take a look at Kobe's legacy for the league, for the business of sports, and even for this program. |
| 1:04.5 | We'll begin, though, of course, with the coronavirus. |
| 1:06.3 | The death toll from the outbreak in China has now risen to 81. |
| 1:09.2 | More than 2,800 confirmed cases in the |
| 1:11.3 | country, according to Chinese health officials. Cases of the virus have been reported on four continents. |
| 1:16.0 | The fifth case in the U.S. confirmed yesterday. All U.S. cases involve patients who recently traveled |
| 1:21.7 | from Wuhan, where the travel restrictions guys in China now affect 56 million people, and Xi warning that we're |
| 1:29.7 | entering potentially a more challenging period now. |
| 1:32.4 | Well, this is different from SARS, where they seem to hide it. |
| 1:36.4 | They've now passed on all the genome factors, which is going to help come up with something |
| 1:41.4 | that stops it. |
| 1:42.6 | I wanted to give a little perspective here. |
... |
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