Street. Much of what you mentioned, those Circuit Breakers being activated after stocks fell too far and too fast in the morning, putting investors on the sidelines, waiting 15 minutes to begin trading again. We saw Oil Prices Plunge the most since 1991, thats when the gulf war was in full force. Thats as saudi arabia flooded the market was oil despite waning demand. And where we saw another red warning sign flash in the bond market. Were seeing yields at record lows. Thats because investors are expecting a potential global recession because of the coronavirus. So weve got all of this piling on as those worries and those fears and no one really knows whats going to happen with the coronavirus as far as the economy and businesses know. All of that fear weighing on wall street, jake. Alison kosik, a very, very bad day on wall street. Lets bring in auston goolsbee. Also with me is cnn Global Economic analyst rana farouhar. Auston, you tweeted about comparing today so the days before the 2008 financial crisis. Are things about to get worse . I hope not. I tweeted that out when the yield on treasuries went to the lowest ever. As you said, even at the height of the financial crisis, there wasnt as much of a flight to safety as we saw there. I think we have to grasp the reality that this virus is going to play havoc on the Economic Growth and especially in countries like rich countries like the United States, italy and others, where so much of the economy is dominated by these facetoface services which are exactly the things this get pulled down when people get afraid. Rana, you wrote today in the financial times, watching the market these days is like watching the seven stages of grief. Shock, denial, anger, bargaining, depression, testing, and finally, acceptance, we clearly have not reached that last stage yet. So do you see a larger economic downturn on the way . I do. I think theres a very good chance were headed into a u. S. And global recession. I mean, we have the perfect storm here, because the markets were ready to correct anyway. Look, ive been saying that for months on your show. If it wasnt the coronavirus, it was going to be something else, because frankly we have an enormous corporate debt level out there ready to burst. But we now have this decline in travel and tourism. Thats responsible for about 10 of the Global Economy. It touches one in every eight jobs in the u. S. In some form or another. Add to that the oil crisis, the plummeting oil crisis you. Might think that would have an upside to consumers but actually what it will do is put pressure on those debtridden companies. You might see those dominos start to fall and put more pressure on the market. All of this is affecting peoples 401 k s. The truth is weve become really addicted in america to asset bubbles to fuel growth, something that President Trump has contributed to. I dont think its over yet. I think unless we saw some kind of major fiscal stimulus at some point, think were in for a sustained recession and correction. I hope youre wrong, as im sure you do. Austan, the president tweeted about the oil crash, quote, good for the consumer, gasoline prices coming down, unquote. I guess thats a Silver Lining way of looking at it, low oil prices could be good for consumers in the short term, but potentially much more problematic. Much more problematic, because the price of oil is going down precisely because demand is drying up, and the economies are all slowing. So the recession, financial crisis and recession of 2007, 08, 09, Oil Prices Plunged. It wasnt a good sign for the economy, it was a sign that the economy was weak. One glimmer of optimism for a virus Business Cycle, lets call it, rather than a normal Business Cycle, lets say the coronavirus behaves like the flu virus, its of the season and by summer infection rates go way down. There is the possibility that this thing comes roaring back in a way thats not normal for a Business Cycle driven by other things. Rana, the travel and Tourism Industry has been hit hard by coronavirus fears. Airports, train stations in some spots in the world, were showing images from northern italy, theyre virtually empty, ghost towns. You see this as one of the heavier dominos leading to a possible recession. Yeah, if you look at travel and tourism, its driven the Global Economy for several years. This is one of the things that has really been a big part of the Global Growth story. To have that hit, and to affect consumption in such a profound way, think about it, nobody is going to be traveling on early summer vacations, many fewer people. That will continue to put pressure on the oil market, on the energy market. It all snowballs together. What worries me, and i agree with austan, there is that Silver Lining that you could have a big demand surge if the virus were brought under control, thats possible. But are stocks going to go back up . I wonder about that, because i think theres this corporate debt picture out there and were just beginning to see how those dominos are going to fall. If stocks dont go back up i think youll still see consumer spending, which is twothirds of the economy, be pretty low come november. Rana and austan, thank you so much, appreciate it. Announcer this is cnn breaking news. Breaking right now, brandnew cnn polling on how the American Public is responding to the coronavirus pandemic and how americans feel about President Trumps leadership during this crisis. Lets get right to cnn political director david chalian. David, lets start with the coronavirus itself. How do americans feel about the potential personal impact . We asked, do you think youre going to see people infected in your local community. Look at this, jake, add this up, 55 , a majority, say its very or somewhat likely that theyre going to see a local case of coronavirus in their community. Are they prepared for that . If somebody in their family gets sick, we asked them that as well. We saw nearly 7 in 10, 68 , when we asked if indeed somebody in their family gets coronavirus, are you prepared. 68 , very or somewhat prepared if indeed somebody in their family gets coronavirus. Thats some good news at least in terms of the majority of americans feeling prepared. How do americans think that President Trump and the federal government are dealing with this pandemic . Yeah, this is not a great number for President Trump. You see here, his Approval Rating on handling the coronavirus is 41 . 48 disapprove. This is driven by part sisanshi. 79 of republicans proof of the way the president is handling the coronavirus outbreak. Look at this independents number in the middle, 37 approval among independents for the president s handling of coronavirus, hes minus ten points with independents. I also want to show you, we asked whether or not people are confident that the government can prevent a nationwide epidemic. A majority are somewhat or very confident. Only 18 say very confident. Add in the 39 , you get to 57 , a pretty decent majority who are very or somewhat confident that the federal government can prevent a nationwide epidemic here. All right, so confidence in the government if not in President Trump overall. Im guessing this is a poll that President Trump wont be tweeting out. Let me ask you, david, the polls on his handling of coronavirus, pretty negative, a plurality disapprove. Does that affect President Trumps overall Approval Rating . Take a look, 43 is his overall Approval Rating, 53 disapprove. This number doesnt budge. You can see how consistent President Trump is, 43, 43, 42, 39, all within the margin of error here. This is not yet and again, this poll was taken through saturday night not yet having an impact on the president s overall Approval Rating, jake. Of course lets look at that number now that were in an Election Year and look at where he measures up to his modern day predecessors at this point in the Election Year, march of the Election Year. Donald trump is down here, right between george h. W. Bush and jimmy carter, not company you want to keep in an Election Year. Youll note both those president s only served one term, jake. Thats not a good neighborhood. David chalian, thank you so much, appreciate it. A live look at the port of oakland where the grand princess cruise ship just docked after days at sea during the coronavirus crisis. How does selfquarantine work and do you need to think about doing it . This plus more of your coronavirus questions answered, thats next. Stay with us. 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Extra power. Extra life. Extra power. Extra life. Power. Life. Power. Extra life. No need to argue. Vs. Coppertop,. Duracell optimum delivers extra life in some devices or extra power in others. This is charlie not coughing because he took delsym 12hour. And this is charlie still not coughing while trying his hardest not to wake zeus. Delsym 12hour. Nothing lasts longer for powerful cough relief. In our health lead, a live look at the grand princess cruise ship which docked in california several minutes ago after being held off the coast for several days with 21 people on board testing positive for the novel coronavirus. This is the same cruise ship President Trump discussed leaving at sea because he, quote, likes the numbers where they are, unquote, and did not want to add to the numbers of infected americans in the u. S. But now those americans are back on u. S. Soil were the death toll is currently 26 and more than 650 people have tested positive across 35 states plus d. C. , as cnns nick watt now reports. Reporter barred from port for five days, at least 21 coronavirus cases on board. The grand princess final pulls in. They were children there, and everybody wanted to get them off. Reporter theyll be quarantined at military basis in california and beyond. We may have to stay on the ship for a few more days. Its going to be quite a lengthy process. Reporter meanwhile, a florida sister ship, the caribbean princess, now under a nosail order because two crew members were previously on ships with a positive case. Up in Washington State where 19 have died at this nursing home and beyond, they echo the nationwide concern that a lack of early testing hurt containment. This womans mother died and says theyre still waiting on her test results. They said, well, tests were short, there was a shortage. Reporter the nursing home says all remaining residents have now been tested. Colleges and School Districts in Washington State, california, and new york, among others, closing classrooms. The empire state now taking the initiative, using prisoners to manufacture up to 100,000 gallons of Hand Sanitizer a week. Because you cant get it on the market. And when you get it, its very, very expensive. Reporter last monday morning there were 89 confirmed cases in this country. Today we topped 600. The virus now in more than 30 states. Theres still a lot thats unknown about where this is going. Reporter overseas the picture even worse. In italy, more than 450 have already died. More than a dozen cities and nearly 60 Million People now on lockdown. Those who leave risk three months in jail. A missouri woman recently returned from italy and is presumed positive. The county Health Department instructed a patient and her family to selfquarantine. Reporter saturday her father attended a school event. The county is saying theyll obtain a court order to enforce that quarantine if necessary. Here in oakland, more potential positives now stepping onshore. I feel like the government didnt have a plan. Theyre just making this up as they go along. Reporter and once all the passengers have been unloaded from the grand princess, the crew will take it somewhere out to sea to serve their quarantine. Exactly where remains unclear. Jake, you mentioned the death toll in the u. S. Now 26. Thats because we have just had some more sad news from here in california, a woman in her 60s died. And from up in washington, a woman in her 70s, a woman in other 80s, another in her 90s, have also succumbed. The vast majority of people dying from this virus are over 70 years old. Thats the demographic most at risk. Thats the demographic were seeing hit the hardest, jake. All right, nick watt in california, thank you so much. Dr. William schaafner is professor of Infectious Diseases at vanderbilt medical center. Doctor, thank you for joining us. Dr. Anthony fauci suggests those at risk for getting coronavirus should practice social distancing. Take a listen. The ones who get in trouble at a high rate are people with underlying conditions, heart disease, lung disease, kidney disease, diabetes, particularly the elderly. If you fall into that category, you shouldnt wait for anything. You should be doing what some people are calling social distancing. What it really means is stay out of crowds, dont do travel. Above all, dont go near a cruise ship. All right. So those are warnings for people over 60 and people with underlying conditions. What else do our viewers watching right now need to know . I think its very important, jake, to do exactly what tony has said. People who are older and people who have underlying conditions need to look at their lives and say what is it that we can do to avoid crowds. If youre a religious person, maybe you should be reverent at home and not join the congregation. Go shopping in the off hours, that sort of thing. Dont go to the bridge club right now and sit for hours across the table with a variety of different partners. Play virtual bridge at home. Do things that dont take you to crowds. Dont go to that concert. Dont go to that basketball game. Dont get on an airplane. Not right now. Postpone those pleasures. What about like an 8yearold with asthma, is that somebody who has an underlying condition who should be kept off of airplanes and out of crowds . Well, fortunately, first of all, the coronavirus doesnt affect children nearly as badly as it does adults, particularly older adults. But a child with asthma shouldnt go to maybe a Birthday Party right now or those sort of things. Theyll be going to school, but avoid unnecessary, notveryimportant events. State deposigovernments, new california, have asked thousands of residents to separate themselves to help contain the virus. When should someone selfquarantine . Quarantine is very serious. That means lock yourself up, away from everybody else. Were not asking that for the average person. Just think carefully about avoiding crowds. Sure, have a couple over for dinner or go out to a nice restaurant, very good. But just dont go to the philharmonic this weekend. A woman in missouri tested positive for coronavirus and her family was told to selfquarantine. Her dad broke the selfquarantine, went to a fatherdaughter dance with his other daughter. Can the u. S. Really do this by the honor system or does the u. S. Government, state governments, need to consider doing what they do in italy which is actually threatening penalties for people who violate the selfquarantine . Well, people who violate specific quarantine orders can by the order of local judges be sent back to quarantine and instructed to stay there. That will take a judges order. For the most part, most people are going to try to participate in this to some degree. Look at your own life and see what kind of group events you can avoid. And lets all Work Together to keep us as healthy as possible. The surgeon general, dr. Jerome adams, told me this weekend he believes the virus is contained in some parts of the country. Its spreading nationally, but in individual parts of the country it might be contained. Do you agree with that . Might it be premature to say that . What do you think . No, i agree with the surgeon general. However, we are rolling out testing. And the next week, we can have it will tell the tale. Is this virus actually widely distributed . Do we have positive tests all over . And is it spreading all over or is it still focal . We need lots more testing to tell us exactly where we are at the present time. Dr. William schaafner, thank you so much for your time, we really appreciate it. Thanks, jake. A look at how President Trumps alternate reality may be impacting the administrations response to the coronavirus, thats next. At harrys we work day and night to make shaving enjoyable. To ensure sharp, quality blades, grippy, colorful handles, and fair prices, every day. Doesnt that sound nice . [ referee whistle sounds ] sport dr[ cheering ]s when you need the fuel to be your n