Good morning from the newsroom of the Financial Times.

Today is Tuesday, March 10th, and this is your FT news briefing.

All of Italy is now under lockdown in an effort to contain the coronavirus outbreak,

while two of the world's largest medical research

foundations are pouring millions of dollars

in an effort to develop treatments for the disease.

Plus, the European Union says it will work with Turkey on how to handle migrants at the Greek border.

But first, US stocks fell more than 7.5% on Monday, their worst day since December 2008, and the yield on the 10-year US Treasury

bond tumbled to a record low of 0.318%. The F.T.'s US markets editor

Jenna Blonde will have more on the sell-off that was triggered

by a crash in the price of oil.

I'm Mark Filipino, and here's the news you need to start your day.

So we... you need to start your day.

So we've already got a nervous market out there

and the oil price plunge just aggravates

that fear in the market that recession odds have risen.

No one likes uncertainty, let alone the financial markets.

Investors are really on the border of panicking about what's to come in the near future.

You have stocks that are going down and then you have bond yields that are also plunging, pricing in the fact that we are in for some

kind of slowdown, even contraction. And now which sectors are you seeing as the areas

that are affected most? So we are seeing banks, banks

have exposure to energy companies because they lend to them. The exposure is different for every

...