i'm frank holland along with courtney reagan. >> good morning to you, frank.heck on the markets and where things stand in the early going before those opening bell sounds the dow jones is indicated lower by almost 500 points, s&p off by 58 and nasdaq is lower by about 190 points looking at the bondmarket. right now, the 10-year yield is at 0.77% the yield on the 30-year is at 1.365% all of this after the rally we saw marking three straight gains. yesterday, the dow jumped 1,300 points the dow is up more than 17% this week on track to snap a two-week losing streak. back to you. >>> mostly green in asia overnight. we have team coverage around the world. matt taylor is in singapore. we'll toss to you first. >> it was a mostly positive session for the asia-pacific market seemingly shrugging off most of the futures in this session. japan heading up near 4% with the best weekly gain on record japan was up 17% this week despite the yen strengthening sitting at that 108 level. china markers were firmer despite weaker data. industrials falling by more than 40% in the f

frank holland is back with the latest >> good morning.dustry is looking to implement new restrictions. they've submitted a proposal to impose banning travelers over the age of 70. people over 70 would by banned unless they could provide consent from a doctor. >> twitter employees announced a plan to order workers to work from home following similar orders from google and amazon. amazon saying any worker impacted will be eligible for up to two weeks of paid sick leave. actor tom hanks and his wife have both tested positive for coronavirus. announcing they were tested positive in australia where he is working on a movie. >> serious stuff thank you. speaking of postponements, we are following the nba's decision to halt its season what are you hearing over what went into making this decision >> rudy gobert who plays for the utah jazz tested positive. they were set to play oklahoma city thunder if he tested negative, he was set to play. just before tip off, they canceled the game. the pa announcer said sit tight, that game never did start. the

i am frank holland over at cnbc headquarters. the market is reacting to president trump's decision to suspend travel from europe for 30 days and several other measures. this comes after the dow ended it's fourth bull run yesterday. keep this in mind, it took the dow 19 trading days to get there, and that's the fastest move since the great depression in 1931, and the second biggest point loss ever yesterday. amazon is restricting the third party sellers from selling disinfecting products for price gouging. thousands of listings. it appears that amazon is closing applications for the listings and will only add sellers who have not went over the prices. twitter is requiring its 149 employees around the world to work from home. back over to you. >> it's good to see those companies doing that, because a lot of times if they can't afford to take off they don't and come to work sick, and that's not helping the situation. >>> coming up for you here on "today in the bay," kari has the forecast. >> still feeling like spring outside. here's

i'm frank holland at cnbc's headquarters. futures are pointing to a lower open this morning amid a roller coaster week on wall street. the major averageses rallies yesterday. the dow gained 1,173 points, while the nasdaq added 334. >>> data on weekly jobless claims as well asdemand for the outbreak, as consumers have been stockpiling foods. the food company is also preparing to prevent any supply chain interruptions for product such as crackers and cookies. >>> same-day deliveries are warning of limited delivery, as shoppers stock up. i don't think line shopping amid shortages. amazon prime and instacart, they may tell you they can't place an order under the following day. laura, i know you're worried about the goldfish shortage for a mom. harry and meghan markle my thi will appear at the annual awards in london tonight, honoring injured and sick service members. this is one of their last duties, preparing for their new lives in canada away from the royal life. so they'll finally be just like the rest of us. >> for harley i t

i'm frank holland at cnbc headquarters. here are today's top business headlines. wall street is pointed to a lower open this morning after stocks rallied yesterday. investors looked past the major surge and the people filing for unemployment as the total did not top the most dire forecast. instead focused on the $2 trillion bill that is expected to pass the house today. posting the biggest percentage gain since 1931 but still on pace for its worst month since the financial crisis in 2009. >>> hilton is the latest company taking steps to cut costs during the coronavirus outbreak. the hotel operator will furlough workers for up to 90 days. the company ceo is foregoing his salary for the rest of the year. as for guests hilton will let them get a refund through june. consumers worried about contracting the coronavirus are trying to boost their immune system the old-fashioned way by drinking lots of orange juice. the best performing commodity up 25%. analysts say americans are rushing out to stock up on the staple on concerns about issues with production and shipping.

i'm frank holland at cnbc headquarters. wall street has pointed to a positive open at least to this point following a historic drop in the markets yesterday sparked by fears of the economic impact of coronavirus. investors may not be convinced a stimulus plan by the government and more funding by the fed will be enough to turn things around. the dow suffering its worst point decline ever down more than 2,300 points and worst percentage drop 9.9% since the black monday crash in 1987. the dow is on pace for the worst week in its 124-year history. the nasdaq and s&p 500 both joining the dow in bear territory meaning they're down at least 20% from record highs set just last month. amazon is telling employees around the world to work from home if they can through the end of march the company had previously told some workers in some offices including seattle, new york and new jersey to work remotely. unlike employees at the corporate offices many workers at its fulfillment offices just can't do that. amazon created a $25 million

i'm frank holland at cnbc headquarters with today's top business headlines. the stocks are indicated to open up higher after a volatile day on wall street yesterday. the markets made big swings following the fed's surprise rate cut and the dow ended lowered by 786 points. on the watch list, the beige book an important indicator of the condition of the u.s. economies is well as earning from zoom video and jack daniel's maker black for iphoma. facebook will take down false claims about the virus. users who search for coronavirus on facebook will see a pop-up that directs them to the w.h.o. or local health authority for the latest information on the outbreak. and ford will release a all electric cargo van next year. the van will be produced here in the u.s. according to ford. but the company declining to specify timing or any additional production details. the u.s.-built van is part the of the ford plan to upgrade the $11.5 billion vehicle electric plan through 2022. marcus and laura, back over to you. >> well then where a are we going. >> to new york to see fra

frank holland with the detail. >> the senate has approved that $8 billion package facebook and googlere asking employees in francesco to work from home. making this move to minimize the spread there as the city and state of california deal with a growing number of cases. apple recognized organizations like governments or hospitals. warning its customers making sand sanitizer responding to posts on twitter, saying per the cdc, its vodka does not meet the experiment >> dow is down over 600 points >> "worldwide exchange" will return after this. . >>> welcome back to the show futures could indicate a drop at the opening bell if futures will hold investors were awaiting the release of job's report and good news to help bolster the stock story and 75,000 jobs for the month and tick down 3% looking at the 10-year as it continues to hit all-time lows 7.6% for more now, i'm joined by chief economist again. he's been here all hour. city private bank strategist tom, you are the new guy to the table here are we going to get some kind of a respit or savior to the jobs report >> the question is, if

communities in new york city announce new restrictions or large events we go to frank holland >> the emergency use of testing kits made by roche. aimed at increasing virus screening to try to contain this outbreak shares of roche rising on the news >>> broadcom guidance says the outbreak is creating uncertainty. >>> the pga is the latest to cancel events. this weekend's player's championship in florida will not be played. following moves by nba and delaying the season of the mlb >> lawmakers in the senate will be sticking around a bit longer after mitch mcconnell announced they were delaying their reverse. handing out a massive coronavirus aid package. something elizabeth warren was criticizing. >> it disproportionately goes to people with more money we all know in a crisis, when you are trying to boost the economy, putting more money into the pockets into the hands of people with money does not increase the number of pizzas they are buying. we'll go now to capitol hill what can you tell us about this? >> it does feel like they are getting closer to a deal lawmakers signaling signs o

of americans testing positive skyrockets and states and cities struggle to contain the outbreak frank hollande >> google extends contracts. renewing those for another 60 days fertitta is laying off 40,000. owner of the golden nugget and restaurants. >> the sinking demand is happening despite increasing social media usage after twitter contracted revenue guidance on monday over similar ad concerns. >>> the inability of the united states to have full control over our drug supply. nick joins us via skype. the u.s. is one of the leading country's in the world so why can't we make more drugs can you hear me, nick? >> i can hear you. >> why can't we make more drugs? >> it has been the u.s. strategy for a long time to outsource a lot of the drug. we have already seen indian restricting the export of ingredients. that has created a lot of concern. we haven't invested in this high-tech manufacturing of drugs. you have to understand how we make drugs here. we use batch processing. this is a slow process you add the ingredient to the formation of tablets take steps. it takes weeks or months to make a dr

i'm frank holland with dominic chu and courtney reagan., over to you >>> we are looking at the futures market the dow down 360, the s&p 500 similar move, that's if these futures losses hold at the opening bell, 9:30 a.m. eastern time today also looking closer at the treasury markets 10-year yields drifting to the down side about .81% treasury yields to the two side of things. treasuries, stocks indicating what could be more of a risk aversion-type day. >>> turning over to overseas trading. red arrows overnight a bit of a mixed picture matt taylor is in singapore and julianna tatelbaum is with us for more >>> it was a mixed performance we did have australia and new zealand moving hire. when we did have the picture sinking after the confirmation the u.s. stimulus package has been passed in the united states, we did see a number dropping in asia japan is dropping there amid a tokyo lockdown that really rattled the sentiment in japan strengthening the yen. the japanese market coming off the best two-day gain since 2008 a lot of stimulus and si

. >>> i am frank holland at cnbc headquarters. wall street looks to be set and is reacting to president trump's decision to suspend travel from europe and several other measures. this all comes after the dow ended its historic 11-year bull market run yesterday, following the decision to declare the coronavirus as a pandemic. it took the dow 19 trading days to get there, the fastest move since the great depression. the nasdaq and the s&p 500 are less than 1% away from joining the dow in bear territory. and amazon is restricting sellers that are selling products for the coronavirus, and this is in escalation of fight against price gouging. it appears amazon is closing applications for new listing and will only allow existing sellers that have not violated the existing policies. a company creating an initial refunds for the drivers, and twitter is requiring its employees from all around the world to work from home. back over to you. >> smart move. >>> you may see changes when you go to starbucks as well. they are making changes to tr

. >> this is frank holland add cnbc headquarters. trucking is a leading indicator. can you give us a sense of demand you're seeing for things like refridge traited trucking and also demand for dry goods like sanitizer and toilet paper. what are you hearing from your customers? >> yeah, it's across the industry, if i look at retail as an example, food retail. we saw increases in demand of 30 to 40% over the course of the last couple of weeks and the same can be said with things like food and bef rajai. the things that go on to the shelves at those retailers likewise large increases to 15 to 20% in things like you know health care goods and anything that's involved with technology and working from home. so on the fresh side on the temperature controlled side, it's another great callout and the fact we have seen dramatic increases for fresh fruits and vegetables as well as d displacements and supply chains, where you've got retail which accounts for half of the dollar increasing rapidly you've got the other half and the food sfts really shutting down so we've workeded

frank holland joins me now. >> reporter: bacardi announcing it will produce 100 million litters of hand sanitizer. bacardi joins other distill er and brewers like bud wiser and jack daniels to produce sanitizer. joining me now is the ceo of bacardi. thanks for being here. >> thanks for having me. >> you upped your commitment to make hand sanitizer. will it impact your ability to make rum and other spirits >> we are making 260,000 gallons in eight locations it's our way to step up and support particularly the health workers who are facing a crisis at this current point in time. we are particularly very grateful for all production team which has really stepped up at this point in time to keep the factories going. it's only a portion of our production that we're putting towards the sanitizers our normal production continues as we step it up for future demand. >> i'm sure bacardi drinkers are happy to hear that so many bars and restaurants have been closed does this change your out look for your business and the spirit industry >> the way our business is globally, it's nearly 75% of total s

here is frank holland, contessa brewer and robert frank.ody the big news of the morning, the field in the race for the democratic presidential nomination down to four after michael bloomberg dropped out after his disappointing super tuesday performance. and endorsed joe biden rob the big bucks in the coffers of bloomberg, where do they go? what can they go >> he said i'll be the candidate or the most important person to that candidate so now all this bloomberg money, $500 million, so far going into the race, not a per delegate count spent over $10 million per delegate that he earned. >> wow >> clearly not the best return on investment. >> somewhat of a relief you can't throw half a billion dollars at an election and win on a democratic level that feels somewhat comforting. >> exactly he and tom steyer putting $200 million into this election bloomberg with 500 those two together just didn't compete. >> the money they have spent is gone now, right? >> gone. the question is, bloomberg said spend a billion or more to get donald trump out of off

frank holland has more for us. frank? >> reporter: good afternoon, kelly. it can take up to five days far grocery store like this one on new york's west side to restock. this is produce that actually just arrived a short time ago and the supplying to get it in the door earlier today, finding sanitizer and paper products and staples like matte and pasta were empty and suppliers trying to get goods in the door, as wilt it can take goods a day or so to get in to stores like this when it comes to bottle water and produce, that's more to like one to two days and depends on where the produce is sourced from and delivered to we spoke to the owner of this supermarket. he said demand increased by more than 100% in recent weeks. >> disinfectant, tissue paper, paper towels, we are getting restricted on the items. limited supply is coming in and asking customers when they do shop just please take enough far week or two so everybody can get some. >> reporter: and shelf stable foods like eat meal, the sales grown. they're up more than 30% year to date so far sales of bea

meantime, we want to get to frank holland, who joins us now with werner enterprises ceo, derek leathers >> we also want to thank derek for joining us during this very busy time. werner enterprises is your company. it has more than 9,000 drivers delivering high-demand goods like sanitizer and toilet paper to retailers like walmart and dollar general can you tell us what it really takes to keep those stores stocked? >> yeah, frank, thanks for having me. we are doing everything we can to keep these stores stocked our drivers responded to the call to action they've been amazing throughout this crisis. they continue to stay on the road, stay safe, practice social distancing, but get deliveries made we've never seen a surge in certain consumer products, and obviously we know what those categories are, but like this one, we've responded to hurricanes and tornadoes for years and other natural disasters. this is just on a more widespread scale and the volumes have been more significant than what we've seen historically >> yeah, certainly, we've seen that impact in stores with empty shelves. we'v

frank holland has the trends we are seeing >> u.s.-commerce alcohol sales forecast to grow to as much as $4.7 billion in 2020 because of the coronavirus outbreak, potentially doubling the 22% growth in 2019 the majority of those online alcohol sales from wine, direct to consumer or from other channels but as more and more americans are using e-commerce to get what they need, the demand for drinkings may be changing. drizly said new users spiked 1,000% last week corey, thank you very much for joining us. >> thank you for having me. >> i have to ask that's an eye popping number 1,000% growth. can you give us the new user sales growth in a regular week and what that number tells you >> i think easiest to talk about it as a reflection of our baseline growth rate and we were growing significantly prior to the virus changing consumer hablts but in the past three or four weeks we have seen the baseline growth rate increase 400% unpre unprecedented and still okay semirating and couple of weeks,. >> what about the trend you're seeing we know w

frank holland has the latest on that for us. frank? >> reporter: good afternoon. hand sanitizer sales jumped 208% last week according to those released numbers from nielsen. it's actually a decline from the previous week where the sales increased by 470%. for the month, sales of the highly sought after liquid increasing by 266% nielsen saying many consumers are making the shift to soap and water. toilet paper sales spiking 213%. disinfectant sales growing for than 500% last week. thermometer sales growing by 500% and temperature is seen as a sign of coronavirus. sales of dried beans growing 231% last week sales of meat alternatives, 280% higher oat milk sales, 477% higher. much higher than cow's milk. back over to you. >> we preernlt appreciate it. >>> we got news on the fed steve, what now? >> what now? the federal reserve announcing now that it will do $1 trillion of repo every day for the rest of the month it's hard to put it in context of the idea that the fed used to do tens of billions or maybe the outside hundreds of billions but now it will do two overnigh

i'm frank holland at cnbc headquarters with top business headlines.l street is continue a wild week as the february jobs report far exceeded expectation as the u.s. economy adding 273,000 jobs and the estimate was 175,000 and the unemployment rate around a 50-year low. and stocks erased most of the gains and the 10-year treasury yield hit an all-time low and this morning continues to go slower. and costco reporting stronger than expected sales due to consumers stocking up to prepare for a more widespread outbreak of the coronavirus. costco saying the impacts from the coronavirus boosts the monthly same store sales for february by 3%. the company telling analysts it is received deliveries every day and in some cases it is placing limits on how much customers can buy. and stock trading robin hood is facing fallout during a time while clients could not move money while the stock market surged. a lawsuit was filed on wednesday night alleging that robin hood was negligent and breaches the contract by failing to provide a functioning platform. >> they had a

an update on the coronavirus head lines, the latest headlines in general though, we go to frank holland at hshg q. >>> up with of europe's largest banks paused previously announced layoffs to deal with the fallout from the coronavirus outbreak hsbc planned to cut about 35,000 jobs as part of its restructuring. >>> thailand is hunkering down as the country enters its first day in a national state of emergency. bus passengers are getting their temperatures taken and checkpoints enforcing travel restrictions an the military has been called out to make sure the new rules are being followed thailand has reported about 1,000 cases and four deaths from the outbreak. >>> duke university found the way to ease the shortage of respirators, to decontaminate n-95 respirators to be reused. it uses a mist of hydrogen peroxide to sterilize without damaging them. the method has been adopted from technology used to decontaminate research labs. it's being used at duke university hospitals and another story of ingenuity involving chocolate. a tennessee chocolate company turned to baking bread the founder c

very much >>> nowlet's get over to the nasdaq for an update amid this morning's massive sell-off frank hollandthere >> good morning, jon the nasdaq composite down more than 5%, fell below the 200 day moving average at the open and remains there. o'reilly auto parts the biggest gainer on the nasdaq 100 right now as the coronavirus fueled sell-off continues, airlines as an overall group plunging due to travel concerns and service reductions united down more than 6% to give you an idea of how hard it's been hit, shares trading 49% below the 52-week high the stock and transports are plunging expedia down 6%, rail stocks, csx down 8% on concerns about volume with the slowdown china. technology stocks, chipmaker western digital with the biggest decline. tesla falling around 10% and then you have to look the at the etfs the sma etf on pace for the worse finish since october 2018. it's still early the nasdaq biotech on pace for its worse finish since september of 2015. consumer stocks have high exposure to the coronavirus fears and concerns last year starbucks one of the best performers in the nasdaq

frank holland has that story for us >> trucking demand increased 18% last week from the previous duee nation's largest trucker and others with large domestic networks outperforming the broader market this week that's largely due to demand for van trucks that deliver about 70% of consumer goods. that jumped by 31% think hand sanitizer and toilet paper. food and perishables spiked by 33%. the american trucking association also warning following partial closures of rest stops in pennsylvania, at least half of all rest stops need to remain open in order to keep sanitizer and toilet paper in stores. >> our drivers need to know where they are hours of operation, they need access not only to fuel and food, but restrooms and if we know where those locations are, we can structure the routes. >> morgan stanley saying trucks deliver 75% of all goods and rest stops are a crucial part f o the supply chain >> we thank them for what they're doing. thank you. >>> after the break, movie theatre stocks have been slammed amid the outbreak, but getting a boost today as operators ask congress for a bailo

frank holland has more at headquarters >> we'll start with imperial brands shares 12% hire after the company announced a new multicurrency $3.1 billion revolving credit facility that will provide the maker of cigarettes with financing through march of 2023. also today, british american toe back ko, the e cig announcing a $2.4 billion debt offering and plans to use that cash for general business purposes then two weeks ago, ab inbev drew down on saying the coronavirus would impact revenues by as much as 10% so just to give you a sense of their business here in the u.s. over the past few weeks, sales are higher sales of blue are down more than 50% year over year most recent ratings from fitch show inbev with the best outlook on repayment >> okay, thanks so much for that now zoom video which so many people are using as they work from home is coming under fire for its data prifsy and security practices and we have the details for that hi, d. >> along with popularity as you know, shares are surged. they're up some 40% this month alone though taking a breather today. now with that populari

frank holland joins us with more on that story. frank? >> reporter: good morning. it can take as long as five days for a store to go from empty shelves to restocked and this high-demand environment created by the coronavirus, we're at the morton williams super markets on the east side where you would normally see things like pasta, meat, paper products, today those shelves are completely empty. i have spoken to food distributors and they say generally even if this environment, things like sanitizer and toilet paper can be restocked between the next day and business day after an order is placed with a distributor, however, it depends on what time that order is placed i've spoken to the food manufacturing saying they are shipping directly to the store with produce, it depends on where it's grown and what part of the country it's being shipped to a new survey from the national grocers association finds things like sanitizer, toilet paper and bleach, those are the most bought items, coinciding with the images we're seeing on social media and on tv sales of sanitizer, t

. >>> i am frank holland at cnbc. the markets reacting to president trump's decision to saw spend travel from europe for 30 days, and several other measures. there's a global impact from the coronavirus, and this comes after the dow ended its bull run yesterday. the dow closed in bear market territory. it took the dow just 19 trading days to get there, and that's the fastest move since the great depression in 1931. the index tumbling more than 1,400 points yesterday. now the nasdaq and s&p 500 are 1% away from joining the dow in bear territory. and amazon is restricting third party sellers, and this is an escalation of amazon's fight against price gouging. thousands of listings removed because of price gouging. amazon is closing applications for new listings and will only allow present sellers who have not violated its pricing policies. the company creating an initial $25 million relief fund for delivery partners and drivers impacted by the outbreak. separately twitter is requiring its employees around the world to wo