2019-20 冬 Week 8 Assignment 7.mp4 Good evening. It's great to have you with us. We start another week together and tonight, there's major news unfolding as we come on on several fronts when it comes to the coronavirus here in the U.S. Tonight, states of emergency in place across several states. Now, some members of Congress in self-quarantine, 1______________________________ the president. And tonight, the staggering loss on Wall Street. The Dow falling a record 2,000 points, the biggest one-day point drop ever. And some economists now warning this could send the economy into a recession. The plunge so steep at the opening bell. 2______________________________, the first time that's happened in 23 years. There are now cases in at least 36 states and the District of Columbia. Three more states added just today. At least nine states declaring states of emergency. And tonight, thousands more are about to enter quarantine, as that cruise ship held at sea for days with sick people onboard 3______________________________ Oakland, California. Where are the sick being taken? And then the thousands of passengers will now be tested and taken to four locations here in the U.S. for quarantine. We will carefully take you through all of this tonight. We begin with that dive on Wall Street. The markets concerned over the virus spreading, the response and significant concern tonight over oil prices. 4______________________________ Rebecca Jarvis from Wall Street tonight. Tonight, uncertainty over the coronavirus causing a free fall on Wall Street. The Dow experiencing its largest point drop in history, and the worst percentage loss since the Great Recession. The New York Stock Exchange opening with smiles and 5______________________________, but within minutes, stocks halted after plunging more than 7%, hitting so-called circuit breakers—a safety mechanism meant to keep the markets from taking a nosedive. -You're down 7%, you got a 15-minute halt. At the forefront, uncertainty surrounding the coronavirus. -The effect of this virus is very broad-based and doing a lot of damage to the broader economy. Those concerns 6______________________________ when Saudi Arabia cut prices. The move is sending U.S. oil plunging 25% to $31 a barrel, potentially eating into profits of energy producers, which employ 6.7 million Americans. 7______________________________, including airlines and cruises, with so many, now limiting travel. The largest tech companies, including Apple, Microsoft, Google, Facebook and Amazon wiping out more than $320 billion in value. A number of analysts now concerned without fiscal stimulus, we could be headed for a recession. -If we're going into recession, we're probably there now, probably started this month. Alarming words today from 8______________________________. And you just heard there Rebecca reported perhaps entering one right now. She's live in Wall Street tonight. And Rebecca, the White House is now calling bank executives and CEOs to the White House 9______________________________? Yes, that's right, David. The president is set to meet with those bank CEOs on Wednesday afternoon as the White House contemplates potential economic stimulus to help avert a crisis, including paid family leave for workers who have been quarantined and school closings. David? Alright, Rebecca Jarvis 10______________________________ this Monday night. Rebecca, thank you.