world's biggest brands are profiting from forced labor camps in china over 80 companies including apple nike b.m.w. and. the australian strategic policy institute a state funded think tanks as tens of thousands of ethnic weak is forced to work in factories that supply them the report alleges that the workers were transferred from their home province of junk to the plants in other parts of china officials have interned about a 1000000 weavers since 2017. germany faces a shortage of over $1000000.00 workers most of them skilled labor the government hopes and you lol which has now come into effect will help meet the growing to bat . these 2 specialists from abroad are working at an air conditioning firm called estie in potsdam near berlin so each refaced from syria well mico by. from poland they had the opportunity to meet economy minister peter who's just overseen a new law which should make immigration for skilled workers from non e.u. countries much easier in future above all it will streamline the process. make sure the visa application process is faster and that the process of recognising

en este mes, las aerolÍneas estÁn cancelado sus vuelos, los cruceros se detuvieron, minoristas, apple, nikes, sumado a los millones de sahuayenses que estÁn trabajando de la casa. la organizaciÓn internacional del trabajo dice que se perderÍan 25 millones de empleos a nivel global, ahora es turno de contestar a toda las inquietudes a nivel econÓmico, nos negamos a travÉs de sky con el seÑor josÉ gabilondo. ¿quÉ medidas podemos tomar para que nuestro bolsillo no resulten tan golpeados? >> lo mÁs importante es apretar el cinturÓn, identificar los gastos imprescindibles, que no se puede cortar, y estar conscientes de cuÁles gastos sÍ se pueden cortar, porque aunque el problema con el desempleo inicialmente se concentra en ciertos sectores, el turismo, el comercio, esto va a afectar la economÍa total, de forma que nos va a afectar a todos, y el efecto tendrÁ que ver con el tipo de contrato que tenemos con nuestro empleador. en realidad, es mÁs importante del sector en el que trabajas. borja: la reserva federal redujo las tasas de interÉs hacer, esto en quÉ nos beneficia directamente cuando todo

this morning wal-mart shortens its hours at stores across >>stores are closing their doo like apple and nike and also drop as the reserve dropped interest rates to 0. jane king is live the nasdaq with those stories and more hi jane. >>heari a yes said the markets, let's just startwith with that we've ben has almost 3,000 points in the dow already th morning. we've r stabilized right around 23 2400 points loer at the moment, 5 seconds into the trading y, stocks were halted for 15 minutes we hit that7% down trigger d all this happening even as the federal reserve cuts interest rates to 0 in an emergency move last night. banks said we're not going to pay dividends shareholders for our business loans instead to help those folks out and ne of that seems to be helping is economists a try to calculate ofthe economic from basically was global ecomic shutdown now amc thears a regal cinemas havannounced a social diancing measures to help prevent the spread of th coronavirus amc reducing seating capacity by 50% until april 30th and regal is cutting in half the amount people n go watch a movie at the sa

apple, nike, and lulu lemon will close all stores through march 27.te to the testing story we told you about earlier this morning. google's website offering testing and screening for people considered high risk for the coronavirus. it was limited to people living in san mateo and santa clara counties who are 18 years or older and those two bay area counties have been hit particularly hard in this pandemic and that site just launched this morning but again all slots filled and testing companies in austin texas offered $1 million to any lab that has come up to an at home test and that's what they do. they do at home testing kits and received about 15 applications and a spokesperson says they hope to have an at home test kit available in about two weeks. i've reached out to the company and we'll see. they'll be getting a vaccine to help. that takes 12 months to 18 months. >> test asking a big step towards that. >>> traffic wise, let's check in with sal, a lot of folks staying at home taking care of kids with all the schools closed. how are we doing out t

apple and nike as well as german auto makers b.m.w. and v.w. are among more than 80 global bad brands accused of working with chinese forced labor the australian strategic policy institute a government funded defense think tank says that tens of thousands of ethnic leaders are forced to work in factories that supply some of the world's leading companies the import alleges that the workers were transferred from their home province of jean jan to other parts of china an estimated 1000000 we have been interned since 2017. hours this for sports one wonders what would shakespeare have written under gray skies the british wife carrying championship took place over the weekend but dreadful drizzling didn't deter the couples who took to the race as they do their nuptials extremely seriously. a muddy field in southern england was the venue for the annual race the british wife carrying championship may sound like a bit of fun but these hardy couples were desperate for glory. it doesn't have to be your wife it can be a neighbor's wife or it can even just

apple and nike as well as german auto makers b.m.w. and v.w. are among more than 80 global brands accused of working with chinese forced labor the australian strategic policy institute a government funded defense think tank says that tens of thousands of ethnic media forced to work in factories that supply some of the world's leading companies the report alleges that the workers were transferred from their home province of jan to other parts of china an estimated 1000000 we have been interned since 2017. u.s. singer songwriter taylor swift has been named last year's biggest global artist. yet. this is the 2nd time taylor swift has received the accolade she was 1st named biggest selling global artist back in 2014 the 30 year old released her 7th album love last year so it is also a 10 time grammy winner. and a reminder of the top stories we're following for you exit poll from israel's general election have indicated a need for prime minister benjamin netanyahu is likud party and its allies they're on track for 59 seats but that's too short of an

apple, nike, under armour, lululemon, abercrombie, urban outfitters and a number of smaller retailersrby, away, glossier employees will continue to get paid while the stores are closed other retailers are shortening their hours. this is mainly grocery stores, stores that seles essential items. they're doing this in order to restock and clean their stores so they can continue to serve american consumers these include walmart, neighborhood markets as well as sam's clubs, public, wegmans, banana republic. they estimate mall traffic will, down 75% in the coming weeks some malls, like king of prussia, are closed entirely think of victoria's secret and those that don't translate well online, bath & body works, those will be more hit names like planet fitness because memberships, in large part, are already paid back over to you >> before you go, courtney, one of the things we heard from the president yesterday was, don't hoard items. things will be restocked in the stores not to worry can you speak to the issue of supply chain it's something i wish i had spoken more to eunice about. while i

taken from prison to work in factories that manufacture products and parts for companies including apple, nike, and volkswagen. that is according to a new report from the australian strategic policy institute, which analyzed satellite imagery and public documents to uncover the scheme known as xinjiang aid. workers are subject to ideological brainwashing. there are also barred from observing their own religious and troll practices. the report says at least 80,000 uighurs have been forced to work in the factories since 2017. in nicaragua beloved poet and , priest ernesto cardenal has died at the age of 95. cardenal supported the sandinista revolution movement that overthrew u.s.-backed military dictator anastasio somoza in 1979. cardenal went on to become nicaragugua's minister of cultue under the sandinista government from 1979 to 1987. his involvlvement with the sandinistas caused the vatican to suspend his priesthood in the 1980's but it was later reinstated by pope francis. cardenal was deeply influenced by the liberation theology which focuses on social and economic justice. in his final y

apple, nike, some of the bigger companies that warned that manufacturing there being shut down becauseesults. but we've also heard from countless numbers of small businesses that also manufacturer products there. they haven't been able to get those products. then the second wave of this is as the disease comes here to the united states and spreads and has issues for u.s. businesses. we've heard from so many companies who have told their employees to stay home, apple, amazon, microsoft. we've also heard from so many companies that have canceled conferences. major events here in the united states. all of these things have a ripple effect and what economists look at with that ripple effect is how significant will it be. will it be enough to slow the economy down to something like a recession? that is the biggest question for wall street right now. how significant will this slow down be, george. >> thank you very much. dr. jen ashton, as well. rebecca said it right there. so much uncertainty but what we know right now. it is spreading in the united states and we should expect more communit

are bored, i know people are born or not was want to stop let alone if shopping most stores like apple nike in this center close you just want to go anywhere and i know if you don't have to. >>that's going to kind of interesting and i think it's probably going o get worse before it gets better with more clpdowns on how we can move about don't be surprised er gavin newsome talking hinting about potential marti law type things down throad hopefully doesn't get to that point i you were a domestic travel ban, yeah could be now rolling out and that service will be right back. [car engine failing to start] [ccking ignition] uh-- wha-- wo! eeh-- woof! wuh-- [silence] [enge roars to life] [dog howls] ♪ dramatic opera music swells from radio ♪ [howling continues] >>and everything is changing with coronavirus you need kron on and hernia is in the newsroom with what we're working on. >>that's right deiah star coronavirus coverage continues today and with businesses and scools shutting down around the bay area. >>a lot of parents may be having trouble figuring out what to do with child care will be tak

open for their other stores cutting hours or closing altogether, some of them include walmart, apple, nike, albertsons, trader joe's, target, just to name a few. the fed did make an announcement a few hours ago that helps companies of all stripes. it restarted a facility put in place during the financial crisis in 2008 so companies struggling to get short-term funding will have easier access now. the fed can provide corporate america with up to $1 trillion in liquidity if needed. for many ceos and investors, this was a huge, important key psychological move. bret, back to you. >> bret: deirdre, thank you. china says it will revoke the credentials of americans at three u.s. newspapers in response to new u.s. restrictions on chinese media. the foreign ministry wants journalists working for "the new york times," "wall street journal," and "the washington post"'s credentials are due to expire before the end of 2020 to hand back there press cards within ten days. that moves comes after the trump administration designated five chinese media outlets as foreign missions and restricted the number o

. >>> some retailers who temporarily closed do that pandemic, apple, nike, lulu lemon will shut theirgh march 27. abercrombie and fitch, lush, patagonia and urban outfitters temporarily closing their stores. >>> the airlines some of the hardest hit companies during the coronavirus outbreak. revenues down significantly, united airlines says they will seek help from the federal government. executives talking with pilot and flight attendant unions about taking pay cuts or working fewer hours. united reports 1 million fewer passengers in the first 2 weeks of the month compared to last year. plans to cut flights between now and may, but still expect the planes to be 30% full. >>> an update to a testing story, no more coronavirus testing appointments available through google's website. it offers screenings and referrals for testing for people considered at high risk for the coronavirus. prior to the slots filling up there was limited to people living in san mateo and santa clara counties, 18 years old, or those bay area counties have been hit hardest with the pandemic. the site just launche

apple, nike, under armour, lululemon, abercrombie and then smaller names like warbc parker and away. retailers have said that employees will continue to be paid while stores are closed and in some cases that only means if the employee scheduled it's sort of case by case. some retailers are shortening the hours. these are mainly the grocery stores, the type to restock and clean. so these would include walmart and the neighborhood markets as well as the sam's clubs, publix, stop and shop, trader joe's and some kroger stores gap, old navy, banana republic, operating under reduced hours. for the most part, e-commerce sites still up and running and supply chains largely intact but remains to be seen if that holds up as the outbreak spreads and delivery workers are unable to get to work. some lost store sales could be made up online and varies. think about an off price name like tjx, ross stores, they don't have big e-commerce operations so those could be losers in the scenario estimates are trickling out to try to quantify the financial impact of the closures some are cutting full earning

apple and nike as well as german auto makers b.m.w. and v.w. are among more than 80 global brands accused of working with chinese forced labor the australian strategic policy institute a government funded defense think tank says that tens of thousands of ethnic readers are forced to work in factories that supply some of the world's leading companies the report alleges that the workers were transferred from their home province of jan to other parts of china an estimated 1000000 we have been interned since 2017. u.s. singer songwriter taylor swift has been named last year's biggest global artist. this is the 2nd time taylor swift has received the accolade she was 1st named biggest selling global artist back in 2014 the 30 year old released her 7th album love last year so it is also a 10 time grammy winner. and a reminder of the top stories we're following for you exit polls from israel's general election have indicated a need for prime minister benjamin netanyahu good party and its allies they're on track for 59 seats but that's too short of an o

. >>> major retailers including nike and apple, shutting their doors for weeks. we'll talk about the fallout for the u.s. economy it is monday, march 16, 2020 "squawk box" begins right now. >>> good morning i'm becky quick at cnbc headquarters joe kernen and andrew ross sorkin u.s. equity futures hitting limit down after dropping 5% that means they can't trade any lower this morning those are the curbs set up by the exchanges. you will continue to watch what's happening with the etfs, however, because they are not held to the same restrictions. can you see the dow etf is down by 9%. the s&p etf down by almost 9%. that gives you a better idea of where the major averages would open if we were open here. there are some circuit breakers that could kick in as well once actual trading starts you have a limit of 7% we hit that last week one day. 7% down -- actually, two days, if we were to get down 7%, you would see a halt of trading for 15 minutes that level today is 135 points level two would be if were to see 13% decline, another halt for 15 minutes if there was a dr

apple, nike and urban outfitters among the stores closed across the country for the next two weeks tong no gatherings of more than 50 people. meanwhile, vaccine trials are starting today. the president took part in a video conference with g-7 leaders to coordinate a response to the coronavirus pandemic. "mornings with maria" is live right now. here now the latest on coronavirus. american life upended by virus fears. the cdc urging gatherings of 50 people or more to be canceled or postponed for the next eight weeks. the agency again stressing the need to wash your hands and keep your distance from others. the cdc recommendation coming days after president trump declared a national emergency. that freed up money to fight coronavirus. 22 states have ordered the closure of their schools, plus major cities including new york city and los angeles which are two of the nation's largest school districts. the decision affecting more than 25 million children. the u.s. stepping up tests for the coronavirus, meanwhile. vice president mike pence says more than 2,000 laboratories will start processi

itjoins other shops including apple and nike, who have also temporarily shut their doors. numbers since sunday. that's according to the new west end company, an organisation that represents 600 businesses. it says west end shops could lose over £1 billion due to the outbreak. ten homeless charities, including crisis and st mungo's, have written to the prime minsiter calling for rough sleepers to be considered a vulnerable group. london has the highest numbers of rough sleepers anywhere in the country. the charities says they should have rapid access to testing and be given self—contained accommodation so they can self—isolate. from hugging and kissing children to visiting grandparents, one of the biggest risks of infection is inside the home. a professor at the london school of hygiene and tropical medicine has been advising one family in new malden about how to protect themselves during the outbreak. with the children being constantly ill at this time of the year with sniffles, should i be kissing and hugging them? the rule is we should try and distance ourselves by about

leaders and executives to have nation's grocery stores because we have seen retail stores like apple and nike decide to shut down operations for the next couple of weeks. here is what the president had to say about this yesterday. >> i think it's frankly good if they do it. i think what apple did is fine and you want to keep people away for a little while. keep them away. when it gets better -- people are going and buying things and i understand that. >> during that same news conference we learned that the president did take a test for covid-19 and that he was showing no symptoms but it was done out of abundance of caution. the president's position updated the media late last night saying that the tests came back negative and physician went onto say, quote, one week after having dinner with brazilian delegation in mar-a-lago the president remains symptom free and i've been in daily contact with cdc and white house coronavirus task force and encouraging the implementation of all their best practices for exposure reduction and transmission mitigation. that's from the president's physician. one

. >> including apple stores, nike and urban outfitters. for at least the next two weeks, starbucks coffee will only be available to go. the seattle-based chain closing stores in high social gathering locations. but the biggest blow may come to small businesses like manhattan century old town shop closing indefinitely. >> these are strange and unsettling times but i fear for the health and well-being of my staff and customers. it's the right move for now. >> hard choices during an unprecedented fight to stop the spread of the virus. restrictions on social gathering are reaching the strip of las vegas. mgm resorts that operate a dozen casinos on the strip says they will shut down hotel and casino operations. a major announcement, hoda, as this spreads all across the country. >> miguel, thank you so much. we're hearing there may be tighter restrictions coming when the vice president speaks later. today. we're hearing there may tighter restr >> let's see what happens.iction the vice president speaks later today. >> let's see what happens. let'

store closures like nike and apple. restaurant traffic and travel way down. will cost the economy $120 billion in gdp by the end of march. issuing this warning. >> well, the economy is shrinking. we're in recession. people are pulling back. >> reporter: but treasury secretary steve mnuchin disagrees, saying the virus won't cause a recession. >> we're clearly going to have a slowdown, and later in the year, obviously, the economic activity will pick up as we confront this virus. >> reporter: tom, the fed says the u.s. economy entered this challenging time on strong financial footing. they say they'll keep the new policy in place until it's clear the u.s. economy has weathered the storm and is back on track. tom? >> rebecca jarvis tonight on that breaking news from the fed. rebecca, thank you. >>> tonight, president trump spoke in the white house briefing room, along with his coronavirus task force, led by vice president pence. our trevor ault was inside the room and trevor, just yesterday, the vice president promised we would hear about this website, they said

apple and nike have announced they have closed all their stores. nordstrom's sales are way down.ay said across the country they're no longer keeping stores open 24 hours because they don't have the business to sustain that. people are avoiding crowds and holding on to their money a little bit tighter. and to leland's point with that last guest, they're really asking people to go out and support their local businesses if they can. of course, the elderly are being asked to stay home and avoid crowds, but if you are healthy, there's been a movement now for small businesses to be supported during this time. so tough time for businesses, and they really don't know how long this is going to last, and that's the hardest part of all, is to plan for the future. laura? laura: that's right, dan. i just saw on instagram one of my local restaurants in the town where i live offering pickup saying we'll bring it to the curbside. we'll bring you out your bag of food, so that's one way some are doing it. dan springer live in seattle today, thanks. >>> well, there it is. empty seats at stadiums ac

stores, companies that have closed all stores, certainly for the next few weeks, that includes apple, nikenumber of others, that have said we're closing because we don't want any activity, we don't want to have -- [inaudible]. we want to stop the spread. that's going to mean no growth. that's what the markets are reacting to. when you look at the bigger picture, you have stimulus coming out of washington, fundamental stimulus, not just monetary, from the fed, but fiscal stimulus in that you have a three-pronged strategy here. congress came up with this plan, which is going to be voted on by the senate this up coming week, and the president is likely to sign it into law, which is a stimulus -- i'm sorry, a relief package which includes sick paid leave. so if you are sick, you will get paid. this is a big deal for small and mid cap businesses, in some cases they are thinking well, how are we going to pay employees who are not coming in? well, now this is what is happening, and the congress did get criticized for that, but the fact is, this is not just putting money into their pockets. this i

least now among the retailers that have closed most of these are at least two weeks, names like apple, nike, under armour, lululemon, columbia, abercrombie, levi strauss, plus you have smaller names closing up their stores like warby parker, glossier, and away the good news for employees is these companies are planning to pay employees during the time that the stores are closed and online operations are still up and running for the most part at least for now. now, there are other names that are shortening their hours these are mainly grocery stores, and they're doing so in order to have time to restock and clean the stores, so these names with shorter hours include walmart, and its neighborhood markets as well as sam's clubs. publix, stop n shop, wegman's, trader joe's and some kroger stores they' then you've got nongrocers i saw a sign at at least one west elm that said that it was also doing the same. williams sonoma has not confirmed wider limited hours but you may find these at some of the hours that are near to you and it may be up in some cases to the discretion of the local managers

nike, apple, abercrombie & fitch, are closing their doors. they say manhattan is the city that never sleeps. i have never seen it to be such a ghost town. are certainly not sleeping. maria, let's turn to you. the big agenda item today is the -- between g7 leaders p are they likely to provide the reassurance to the markets at central bankers have not been able to? maria: at this point, that is a big question. over the weekend, governments here are trying to stop the coronavirus. it will become the epicenter of this pandemic. they are bracing themselves for a recession to take hold. spain going into a shut down, very similar -- the french government deciding they will put the country in a semi-locked down. the g7 conference happening today is happening at the request of emmanuel macron who said this is probably going to be the most serious health crisis facing the european union , also saying there should be no cost implied here. the government should put everything they have to battle the coronavirus. the broader g7, are they going to step up?

nike, an anthropologee and susai at apple store in new york city.ell me more. >> flagship store on fifth avenue. this is known as the cube and it is just reopening the fall of last year after being shut for renovations for the past three years. according to apple, more people visit this store than the statue of liberty every year. we're so used to the lines that sneak around the cube to try to get in. as you see today, there are no lines. in fact all stores are closed for china outside of apple until march 27th. we're here at apple. show you what is happening on the main artery, this very famous avenue of stores, have you seen it this empty? last time i saw it this empty was after hurricane sandy. not just apple shutting doors. nike doing the same thing under march 27th. lululemon, abercrombie & fitch, and anthropologee as well. one retail analyst says 15,000 stores could be closed this year a peak year for shuttering bricks and mortars. las vegas hotels and casinos closed by mgm and wynn as well. the bellagio is shut down. mgm mirage are not taking

muchas tiendas estÁn cerrando sus puertas en un esfuerzo por contener el virus como es el caso de apple, nikea propagaciÓn del coronavirus la original banda el limÓn tambiÉn monitorea la salud de sus integrantes, de sus tÉcnicos. claro que tienen que tomar medidas para protegerse. raÚl: en el mundo entero. esto es una pandemia. vamos a ver lo que compartieron con nuestros amigos de televisa espectÁculos. >> la original banda el limÓn se uniÓ a la lista de cantantes y agrupaciones afectadas en lo laboral por el coronavirus. en atenciÓn de las recomendaciones de organismos de salud la determinaciÓn de autoridades ya cancelaron presentaciones y trabajan con empresarios para renovar conciertos tanto en mÉxico como en estados unidos. [mÚsica] >> no se suspendieron, sÓlo se pospusieron. las fechas estÁn. estamos con la medida de seguridad que recomienda el gobierno. >> hasta ahora los eventos para estados unidos como dice ramÓn se pospusieron. estaremos informando las redes sociales. >> por el momento se van a enfocar con las medidas sanitarias. su mÁs reciente sencillo lo tienen y preparan el fest

but so many questions of what's going to happen today but other stores like apple and nike suspend operations. we asked the president about this yesterday, here is what he had to say to that question. >> i think it's frankly it's good if they do it. i think it's just fine. ii want to keep people away, jut keep them away. when it gets better, people are going and buying things and i understand that. mark: the white house also said it's adapting to the new economic reality that americans and businesses, secretary mnuchin speaking and been in contact with several senators as they consider package that the house passed last week. mnuchin said additional relief will be needed by those hit hardest by the virus. >> there's no question that the travel industry has been imamounted like we have never seen before. the president is determined that we will use whatever tools we have and whatever tools we need we will go to congress and get. mark: the white house also adapting to new reality here as we saw yesterday when members of the white house press corp. had temperatures taken before briefing with the

come from big names like nike and apple but up and comers. look at some of these numbers. foot locker has more than 2600 locations. they are all shut. american eagle, more than 900. ulta, more than 200 stores they are so many stores. all in all by my count, more than 23,000 stores in the u.s. are closed i actually think that's a conservative count because there are more when you add in canada and europe we're looking at do mi ining amc totals these numbers show that these retail sales in total fell 0.5% in february from january that ease the big e month over month drop since december of 2018. growth from 0.3% january stronger, february weaker year over here february retail sales grew more than 4%. interestingly, grocery and health care stores fell slightly that's with the panic by grocers toward the end of the month. that metric is curious to me those fell 1.4% and 1.2% respectively back over to you >> we will bring him in to talk about the shutdown of businesses if you want to chime in get my attention and ask a question welcome. good to have you with us >> how are you ke

of the nation's top economists, mark zandi, predicting our new normal -- store closures like nike and appleaurant traffic and travel way down, will cost the economy $120 billion in gdp by the end of march. issuing this warning -- >> well, the economy is shrinking. we're in recession. people are pulling back. >> reporter: treasury secretary steve mnuchin disagrees saying the virus won't cause a recession. >> we're clearly going to have a slowdown. and later in the year obviously the economic activity will pick up as we confront this virus. >> reporter: the federal reserve says we entered this challenging period on strong financial footing. they say they will keep the new policy in place until they're confident we have weathered the storm and the u.s. economy is back on track. rebecca jarvis, abc news, new york. >> thank you, rebecca. >>> another top airline in the u.s. is facing major cuts to service in the wake of this pandemic. united is slashing its flights by 50% for april and may. it's also considering furloughs, pay cuts, and lower staffing minimums for workers. airline officials say 1

this isn't entirely unexpected as we see continued closings major brands like nike and apple, socials getting much more serious and even borders inside europe are starting to be closed. i don't know how that is possible anymore. where do you see the bottom for this, alex? alex: i think where we started in china with the very severe demand hit, the airlines, that is being replicated over here in europe. the closure of the borders. i was crossing from austria into germany couple of weeks ago and they closed it down to one lane. looking just for italian cars at the time but now, they can just shut the roads. despite the agreement, it is possible. we've seen significant cuts in airline flights, cancellations, and that will just continue. everything from the government here certainly saying we are going to be in for the long haul the next couple of months. some freight is supposed to getting to getting thrown closed borders but emergency provisions allowing closures. wti atprices from here, 30.58, brent at 30.52 and there were expectations given the u.s. would start buying wti for its str

going out for dinner, all of that, you have large companies today announcing closures of stores, nike, appleit's going to close some stores outside of china. all of that will trickle down to the bottom line and force these companies potentially to do layoffs. we're seeing it in the airlines. all of that is going to have an impact on kconsumer psychology, chris, and trump will fight like crazy to make sure the consumer feels safe and wants to spend. >> i got you. when you play to the safety of the voter, nine times out of ten you go to their pocketbook. you know what that one time out of ten is? their health. right now coronavirus is playing to something bigger than the bottom line so it's a tricky play. thank you for the analysisme. appreciate it. we'll have a senior advisor for joe biden talk about how tonight's debate may affect the race ahead. stay with us. would you really understand it with just that point of view? we've got a different way to look at it, from right here on the ground. we don't just see united states we see united towns. from where we sit, just down the street, near the

going out for dinner, all of that, you have large companies today announcing closures of stores, nike, appleing it's going to close some stores outside of china. all of that will trickle down to the bottom line and force these companies potentially to do layoffs. we're already seeing it in the airlines. so, all of that's going to have an impact on consumer psychology here, chris, and trump is going to fight like crazy to make sure that the consumer feels safe and wants to spend. >> i got you. when you play to the safety of the voter, nine times out of ten you go to their pocketbook. you know what that one time out of ten is? when it's their health. right now coronavirus is playing to something bigger than the bottom line so it's a tricky play. thank you for the analysis. appreciate it. we'll have a senior advisor for joe biden worked for sanders campaign four years ago. they're going to join us to talk about how tonight's debate they affect the race ahead. ook delsy. and this is charlie still not coughing while trying his hardest not to wake zeus. delsym 12-hour. nothing lasts longer for pow

susan: apples closing all stores outside of china for two weeks. same thing for nike, under armour, lululemon, anthropology. abercrombie & fitch. is that surprising? people are staying at home. not going out to stores. the employees need to be protected as well. these stores can afford it as i mentioned to you. these are big companies with a lot of cash on hand, especially apple with $200 billion worth. the small companies where you have to worry. where you imagine a lot of stimulus will be going to, cheap credit to small businesses, outright cash injections. during 2018, 100 million households got a rebate check of some sort. they needed to spend it in the u.s. economy, still 2/3 driven by the consumer. stuart: it is astonishing story. in teaneck, new jersey, mayor imposed voluntary quarantine on everybody in the town. stay in your house. in california, governor newsom advising elderly people 65 years old and older stay in your house. you're a vulnerable part of the population. shelter from the virus in place. that is what he saying here. large numbers of people conf

nike, apple, under armour all shutting down for at least the next two weeks.ng that they'll close all the seating areas in their coffee shops across the country. michael? >> everyone taking precautions. thank you, whit. >>> and as fear grows surrounding the pandemic, the airlines are among those hard hit as passengers return to the country are forced to wait in long lines for screening. gio benitez joins us from john f. kennedy airport with the chaos. good morning, gio. >> reporter: good morning. we're learning that even more flights are being cut and employee paychecks are at risk. airlines are slashing a massive number of flights, united by 50%, delta by 40%, parking 300 airplanes, american by 75%. for international flights. united telling us it is considering among other things furloughs and pay cuts. the ceos of united and delta cutting their own salaries by 100%. 13 airports across the country are screening passengers from europe, but over the weekend we saw those dramatic pictures out of chicago and dallas-fort worth. doctors were alarmed. now we're told

go to a mall now unless it's a dry bar where you are getting your hair blown out or sephora or apple or nikethere's really not a lot going on in the mall. it's really about brands that survive. stuart: okay. one quick one here. i know you like nike. that to you is the big survivor, correct? >> it is the big survivor. they had some really promising numbers that were amazing. they have a staggered tier recovery plan that's working in china and they really lever their digital assets here and in a time when, you know, china was hit with a pandemic, their online sales were up 30%. that's amazing. so they are using this strategy of containing, recovering and returning back to normal in china and they have a plan and it's working. 80% of the stores are back online. then they are going to use that in japan, south korea, europe and probably north america. so there's no better company equipped to handle what's going on than nike. stuart: fascinating. nike is your winner. kristin, thanks very much indeed. important stuff. okay. dow industrials now up 560 points, ladies and gentlemen. despite some reall

over the weekend we had nike and apple announcing mass store closures. it is a very clear risk off move, taylor. the european stoxx 600 down 7%. the u.s. 10-year yield at 0.79%. 106.08. i want to look at gold, 1535 is where we are. there you go. that is what i wanted to show you, taylor. you look at pound, at 1.2338. the italian 10-yuri yelled at 2.0 -- the italian 10-year yield at 2.03. taylor: there is more fallout into market reaction from the federal reserve, jay powell there. take a look at the futures market. we know that 5% is the down limit on that. you are getting some euro strength -- crude barely holding in, about $30 a barrel. you are getting the vix that is elevated, off the highs of 75 last week. anything above 40 frankly gets my attention. the bloomberg dollar index, i cannot wait to get some expert opinion on this. curious to see if it will be , given a safes haven. francine: the federal reserve swept into action sunday, cutting the benchmark interest pointy a full percentage to near zero. response to this challenge will come from our hea

companies like nike and apple could offer paid time off, and walmart limits store hours. >> i think americanspared that they will have to hunker down significantly more than we are doing. alix: the government promised support after the house back to economic relief plan. says hey steven mnuchin does not expect a recession. >> later in the year, the economic activity will pick up. alix: all of this does little to support the global equity markets. is givinginistration another coronavirus task force update with likely new restrictions for small businesses and restaurants and more guidance. alix: new york city has closed schools, clubs, and movie theaters while limiting bars and restaurants to take out food only. to imf says it is ready mobilize $1 trillion of loan capacity to fight the virus. the need for synchronized fiscal stimulus grows by the hour, calling for global monetary, fiscal, and regulatory support to fight the virus. we will update you. in the markets, it is said to be an unbelievably brutal day. s&p futures are now halted. taking a look at the sky, we are down 10%. over in europe

. >> reporter: nike's 700 retail outlets worldwide with 76,000 employees are closing temporarily and apple announced 450 stores in 21 countries will close until march 27th. monday night the coronavirus curfew kicks in here in hoboken from 10:00 p.m. to 5:00 a.m. as the city of 50,000 are ordered to stay off the streets. demarco? >> meg oliver reporting, thank you. >>> there is also new financial fallout from the coronavirus outbreak. ski resorts across north america are the latest big business to close. while some workers are being paid, many are seasonal. it's a devastating hit. here's jonathan. >> reporter: the nation's $20 billion winter sports industry is the latest to quarantine. this weekend veil resorts announced it's closing operations at all of its 37 facilities spread across 15 states and three countries. staff will be paid. >> yeah, you're a little disappointed but on the other hand, you have to do the right thing. >> reporter: the virus is hitting all sectors of the cli from steve madden and the first domino has fallen in las vegas with a tourist economy worth over $34 billion

treasuries to provide plenty of liquidity and cash to the banking system, as we hear the likes of nike, apple, urban outfitters, appearer com bappear appearer abercrombie & fitch are closing stores for the foreseeable feature. companies like walmart and gap are cutting back on hours. not closing, simply scaling back the number of hours the store are open. the former walmart ceo bill simon here on all of that. good to have you with us. these measures walmart is taking, others are taking, obviously to do the best about trying to avoid people lingering or staying in crowded situations, in the case of walmart for 24 hours, but what effect do you think this will have? >> how are you doing? i think the actions for limiting store hours are more about store operations than they are limiting contact. over the weekend, the rush on toilet paper continued. it takes time to get back in stock. they are back in stock or were back in stock in the stores i checked this morning. the replenishment system is working and they just need time to clean the stores and restock the shelves at the rate people are buying

and more store country are closing over pandemic all nike stores until march 27th apple location outsideng to be shut until march 27th. starbucks closing stores that includes those in high social gathering areas that says other locations operate only asking to go moldses. cheryl: happiness place on earth is going dark disney world and land both closed until end of the month. well here's a look at what a else is happening today. the senate is going to vote on legislation to renew parts of the foreign intelligence act. bill add new privacy protections under the fisa law to address misconduct concerns in the fisa court system. legislation pass with large bathroom support on the house. president has not indicated he plan os to sign that legislation. >> nfl announcing overnight that it will go forward with its free agency period despite coronavirus starting today. six teams super bowl champion with the nulled patriots tom brady can begin to negotiate with other teams. 42-year-old has been spending entire 20 year career with the past. oms options might be limited and costco going to require a

nike plans to close its stores today through next friday and apple closed all of its stores for two weeks. urban outfitters is closed until further notice. restaurants are struggling but now offering customers a new way to order food. >> they can order online and pay online and have curbside pickup. you don't need to be around other people. you can stay in your car and call when you pull up. your food is ready. >> reporter: walmart and safeway stores have reduced their hours. >>> california casinos are closing to help slow the spread of the virus, too. california grand is closed as of today. it plans to reopen on april 1st. oaks card club in emeryville closed and cash creek casino resort in yellow county will also temporarily close starting tomorrow. >>> a lot to keep track of but we're doing our best to make sure you can up to date on everything when it comes to coronavirus and our weather. checking in with mike. >>> let's talk about temperatures. we haven't done that quite yet. we talked about how much it is going to rain. let's look at our high temperatures. low to mid-50s with rounds

. >> reporter: nike's 700 retail outlets worldwide with 76,000 employees are closing temporarily. and apple announced this weekend 450 stores in 21 countries will close until march 27th. monday night the coronavirus curfew kicks in here in hoboken from 10:00 p.m. to 5:00 a.m. as the city of more than 50,000 are ordered to stay off the streets. demarco? >> meg oliver, reporting, thank you. >>> there is new financial fallout from the coronavirus outbreak. ski resorts across north america are the latest big business to close. and while some workers are being paid, many are seasonal and it's a devastating hit. here's jonathan vigliotti. >> reporter: the nation's $20 billion winter sports industry is the latest to quarantine. this weekend vail resorts announced it's closing operations at all of its 37 facilities spread across 15 states and 3 countries. staff will be paid. >> yeah, you're a little disappointed but on the other hand, you got to do the right thing. >> reporter: the virus is hitting all sectors of the economy from iconic clothing brands like steve madden and the first domino has fal

chains walmart, kroger, and trader joe's are restricting shopping hours, while apple closed all its stores outside greater china. nike is also closing u.s. stores. disney is closing all hotels and retail stores. whole foods ceo john mackey is under fire after he sent out an email to workers saying workers could donate accumulated paid time off to fellow employees with medical emergencies or a death in the family during the pandemic. in los angeles, all jury trials are reportedly being suspended, and all new criminal and civil trials are being put off for at least 30 days. the murder trial of real estate heir robert durst will be postponed. in colorado, the state legislature has shut down. the peace corps is suspending its operations and evavacuatingg its volunteers around the world. in media news, the associated press had to temporarily shut down its d.c. office after a staffer came into contact with a possible coronavirus patient. six cvs workers have tested positive for coronavirus, and vox closed their offices after a worker tested positive. the aviation industry has taken a major hit. american airlines said it wo

you would imagine a lot of these retailers should be impacted, nike, apple, lululemon, under armour, that are shutting their bricks and mortars. it should show up in the earnings, you would imagine. stuart: i would imagine so. ulta closing -- they are up $3 at $165. i guess the market kind of likes that action. mike huckabee is with us, former arkansas governor and fox news contributor. governor, a lot of states still have bars open and this is st. patrick's day. you think that's responsible? >> not really, stuart. unless they can prove that alcohol cures the virus, i think it's a very irresponsible thing because people are going to be touching glasses, touching counters and doorknobs and it seems like if mcdonald's is closing, this is sort of america's premier institution, then i can't imagine that there is some healthy decision to keep bars open. i do think one of the things we are seeing is these are decisions largely being made by local authorities. that's the right thing to do to keep it local, closest to the people, and then we will see how these decisions work out and we will

let's give you -- smaller names, lily pulitzer, tommy about a ham in a, you know apple are closing all their stores, as is nike, pvh, that's calvin klein, tommy hilfiger underarmor opinion. >> you have a whole crop of retailers that are shortening their hours. so they can restock. this includes names like walmart and its neighborhood markets sam's club, trader joes. stop and shop is doing something interesting. it's allowing seniors that are 60 years old and older even to shop between the hours of 6:00 a.m. and 7:30 a.m., in order to protect them of those retailers that are closing stores, the good news is most of these employees and most of these retailers go plan on paying their employees at least those that were scheduled or would typically be working those hours, it's going to vary a little bit from retailer to retailer at least in the beginning, there should be financial relief >> good on them for opening the stores for the most vulnerable among us, i know it's a difficult time courtney reagan, thank you for joining us by phone. maybe there's some very good long term opportunities out there. i know that i

. >> nike's 700 retail outlets worldwide with 76,000 employees are closing temporarily. and apple announced this weekend 450 stores in 21 countries will close until march 27th. >> monday night the coronavirus curfew kicks in here at hoboken from 10 p.m. to 5 a.m. as the city of more than 50,000 are ordered to stay off the streets. demarco? >> meg oliver reporting, meg, thank you. there is also new financial fallout from the coronavirus outbreak. ski resorts across not america are the latest big business to close. and while some workers are being paid, many are seasonal and st a devastating hit, here's jonathan vigliotti. >> the nation's 20 billion dollar winter sports industry is the latest to quarantine. this weekend vail resorts announced it is closing operations at all of its 37 facilities spread across 15 states and three countries. staff will be paid. >> yeah, you're a little disappointed but on the other hand, you got to do the right thing. >> the virus is hitting all sectors of the economy from iconic clothing brands like steve madden and nike who is shutting all of their u