The dow down 879. Combine with more than a thousand point loss of yesterday, it is drop of over 1900, this steepest two day drop of dow has seen in history. This is significant, also remember, dow less than 500 points from correction territory that is down about 10 from the highs, we saw a big flight to safety today, continued one, which is also a red flag, yield on 1 10year note a little bit higher than 1. 3 , also hitting record lows, now latest coronavirus numbers is what is spooking the market. In china more than 77,000 cases, in italy 322 in iran 95. And that spread outside that took investors off guard. This selling all on the back of more concerns that you could see the spread come to the United States today cdc warning it is not a matter of if, but when the virus hits the states, and how many people will contract a severe illness. You had hhs secretary weighing in on that. There is now Community Transmission in a number of countries including outside of asia. That is concerning
Its been pretty clear that theyve been making some very Good Progress whats happened since then is that the afghan prison ashraf ghani has been informed about this by phone hes now come here to munich for a much more detailed meeting of whats going to happen next and the afghan president was briefed here by the u. S. Secretary of state mike pompei o y mark kasper the us secretary of defense what we understand is that at some point very soon theyll start a period of 7 days a reduction of violence now thats not a cease fire theyre not using the cease fire word and certainly Afghan Government had wanted it to be a cease fire after that though after that 7 days then were told within another 10 days or so talks should start then between the taliban and all of the rest of the afghan political system the Afghan Government and other afghan Political Parties Afghan Government has been wary about this process all along because theyve been left out of it this has been very much a deal between the
The patel lochlt for short. This is how were fighting the coronavirus. Lets get this going. Lets have this go across america from knee to shining knee. Or if thats i have another one weve been working on too. It goes like this. Its called the hellobo. Thank you, guillermo. While everyone else is sitting around paying 80 fire 45cent mask were coming up with ways to stop this thing. I had an interesting revelation this weekend. I was hanging out with the kids my kids this weekend. Not just random kids at the park. [ laughter ] my son billy is 2, my daughters 5. I dont know what exactly prompted this but while we were playing it occurred to me that jane, my daughter jane is a lot like donald trump. I mean, they have shes totally selfcentered. The world as she sees it revolves around her. She wants everything. You take her to target, forget about it. She gives nothing to charity. And even when she does give something to someone else you have to make a big show of complimenting her. Oh, you
A mortality rate of 9. 6 percent china reports that 7862 patients have made full recovery since the outbreak began and this number will continue to improve as researchers develop new Combination Therapies to treat the virus kristie its very important to know here that this is something you dont hear all the time you hear about how many cases we have how many deaths we have and i guess you just to assume that the people who didnt die have recovered but you see those numbers and those are reported daily in china great jazz they are reported daily and as right now you see the number of full recoveries being quite low but these are all the ways the people who are reported moderate to severe symptoms who are actively in the hospital who are actively in trials there are over 80 current trials now pending between. All these drug therapies now are used in combination to try to develop a vaccine to contain the contagion in the spread however all the people who are all have moderate to very low
Weve got it in the studio this morning. It is wednesday, february 26th and fbn a. M. Starts right now. Feel the rain on your skin. No one else can feel it for you. Only you can let it in. No one else, no one else can see the words on your lips. Treat yourself in words unspoken. Lauren good morning welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Another wild ride for everybody today. Lauren lets take a look at how your money is moving this morning and we have more selling. The s p has lost for perspective 1. 7 trillion in value this week, dow is down 221 this morning, s p is down 18, nasdaq is down 66. Fears of the coronavirus spreading, really making investors nervous. Cheryl oil and gold right now, oil we see the selloff continuing this morning. That contract is down 1. 5 . Again, think about consumption in china and now other countries. That is affecting oil. Gold is the opposite, a little bit of a bump here. That safety play continues. Lau