Top official warns coronavirus outbreak is "going to get worse"; W.H.O. officially declares coronavirus outbreaks a pandemic; Sanders says he has no plans to drop out after major losses

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 11 March 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Top health official warns "it's going to get worse" after President Trump claims coronavirus "will go away"; Top official warns coronavirus "is going to get worse"; NY Gov: 13 more coronavirus cases near NY containment zone; Seattle is first major city to close public schools; W.H.O. officially declares coronavirus outbreaks a pandemic; Sources: workers without proper gear assisted evacuees; WH official: travel restrictions for Europe "under discussion"; Trump to make statement tonight on coronavirus, says economy "still strong" despite stocks entering bear market territory; NCAA: basketball tournaments will be played without fans; Sanders says he has no plans to drop out after major losses; Sanders: "while our campaign has won the ideological debate, we are losing the debate over electability"To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the lead I'm Jake Tapper and we begin with breaking news another volatile day on Wall Street
0:06.5	the Dow is about to close in just moments it's tumbling down again today more than a thousand
0:11.2	points see now sienic alison kossick is at the New York Stock Exchange for us.
0:14.8	And Allison, the Dow and S&P 500 both entering into Bear Market territory today.
0:21.6	Hi Jake, yes, the S&P 500 in Bear Market Territory and it looks like if numbers close
0:25.8	where they are for the Dow, the Dow could enter into a bear market.
0:29.9	That would be a 20% fall from a recent high.
0:32.8	Numbers aside, what a bare market essentially means
0:35.7	is that investors are growing increasingly optimistic
0:39.1	about the market, and it's easy to see why.
0:41.9	Just this week, we've seen three separate thousand points plus moves in the
0:45.8	Dow and it's only Wednesday. So as the bell rings, it looks like yes, the ball has entered
0:51.8	their market
0:52.6	territory.
0:53.6	And Allison, how long could we see the volatility or market drops?
0:59.2	Is there a floor?
1:00.2	There it is down more than 1,400 points today.
1:03.6	How long is this going to go on?
1:04.8	Do we know and do you anticipate a floor?
1:07.4	You ask that there is a floor?
1:09.0	Yes, there's a floor, but the question is, where is it?
1:11.4	I don't think investors really know where it is.
	...

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