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Zero, in an attempt to save the u. S. Economy from coronavirus fallout. But the markets are not impressed. Yields fall off a cliff and futures trade limit down. An historic slump in east asia. The Economic Impact of the virus is laid bare by the latest data from china. Retail sales, fixed investment, and industrial al output all plunge. And europe widens its lockdown. Cases across the continent surge as the government shuts down the borders in europe. One aviation consultant says the new no travel norm threatens to bankrupt most airlines by may. We are getting headlines out now from Fiat Chrys...

[inaudible conversations] this committee will come to order. Without objection the chairs authorized to declare a recess at any time to be entitled Holding Wells Fargo Accountable the bank that broke americas trust i recognize myself for four minutes to give an Opening Statement. Today wells fargo ceo will testify before the committee about how he plans to and wells fargo egregious pattern of consumer abuses. We invited him to testify before this committee the last three and half years. We will note each time a ceo has testified before this committee he has resigned they are soon after. [laugh...

[ inaudible question ] we wanted to find out but were getting out, we got out. We had good meetings request the taliban and were going to be leaving and bringing our soldiers back home weve been there almost 20 years. Done a great job weve got rid of terrorists. Now its up to other countries to get rid of those terrorists [ inaudible question ] we have discussions to go, but weve mad a lot e a lot of prog. Okay thank you. The president ahead of a meeting this afternoon with ceos from pharmaceutical companies, maybe giving just a peek of what we might expect to hear around 3 00 time. With that,...

Hard not to because that is the alltime low on the 10 year treasury. It would have consequences. Reactionready seeing in stocks around the world potentially. This is all coming from the sentiments as we progress through the morning, and japan overnight and now in the united states. We started off the session in the positive and now we are lower by 1 apiece. Groups arethree lower now and you are looking at things like transportation, energy, the dollar Index Holding above 99. We backed off the highs there with gold futures, but that vix is still at 25 and likely will stay there. This is interes...

Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously a selloff resuming today. The dow extending losses from a thousandpoint drop on monday when stocks had their worst day in more than two years big tech lost more than 200 billion in market value yesterday thanks to the selloff microsoft, apple, amazon all down more than 4 . Dan niles from alpha one capital joins us on the phone. Weve been through some challenging times together, you and this network, as we try to address global issues. This is on...