that's lori garrett. we'll be speaking with her in just a moment. >>> the dow jones industrial average today dropped almost 880 points. yesterday it dropped a thousand points. the dow jones doesn't do back-to-back 800-point drops. for the first time since the global financial crisis in 2008, the s&p 500 dropped more than 3% on two back-to-back consecutive days. first time since november 2008. i mean, the coronavirus crisis has been brewing globally since late last year. it is worsening and it is spreading. we are seeing the cancellation of mass gatherings. we are seeing the other sorts of dramatic interventions governments need to make in public health emergencies to try to stop and turn back rapidly spreading infectious diseases. they're maybe going to cancel the olympics. but in the united states yesterday and today, some switch flipped in terms of the financial markets, in terms of concerns about how big this problem is, but it seems to also be concerns about how up to the task our particular governmen

>> lori garrett, ron clain, we will need to hear from you.praesht you joining us. >>> coming up, two days left, john heilemann joins us tonight live from south carolina with the latest developments in the race including that lying republican ad against joe biden that has barack obama's lawyers sending cease and desist lawyers to south carolina tv stations. s. so chantix can help you quit slow turkey. along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seizures, new or worse heart or blood vessel problems, sleepwalking, or life-threatening allergic and skin reactions. decrease alcohol use. use caution driving or operating machinery. tell your doctor if you'v

we had lori garrett on in the last hour, talking about this getting out of control.given your experience here, how concerned are you about this outbreak getting out of control or do governments have a handle on it? >> well, certainly the potential for this being much more large spread is there. it would be unrealistic to deny that. thus far in this country, we have 12 cases. ten of them imported cases from wuhan. and two were close contacts, spouses of two of those individuals. so right now things are under control and okay here. but that could change. and it could change because unless china gets their really rather difficult situation under control, and not cede other countries, then it is going to be difficult to continue to keep cases out of the country. so right now the risk -- the risk is relatively low for us. but that could change pretty quickly and that's the reason why we're taking it really very seriously. >> dr. fauci, can you help us understand where coronavirus ranks when compared to sars, ebo ebola, zika in terms of transmission and available treatment

liz: italy, on friday, i noticed thanks to lori garrett, the author of "the coming plague." the pulitzer prize winning medical reporter, she had flagged the situation in italy and it's the northern part of italy, i don't know if you saw the milan, probably the milan stock exchange, you're not watching on a daily basis but we here at fox business are, it tanked 5.4% and in doing so, it knocked 30 billion euros, about $31 billion u.s., off the value of these italian stocks. so let's quickly talk about the spread in italy. on friday, when we saw this, we talked to our viewers about it, there were 16 who had been tested positive. now there are 229. what does this tell you about how quickly this can spread? >> first of all, i wouldn't concentrate on italy. this is going to happen worldwide, including the united states. we just had five new countries today reporting cases for the first time. within four to six weeks, you are going to see much more widespread transmission around the world. somehow people think the u.s. is going to be spared. it is not. we are going to see a worldwi

for now, joining us here on set to take a closer look at all of this, lori garrett. let me start with you, your headline is going to have a lot of people very concerned. the cdc is wrarning of the possibility that you met the criteria for a pandemic. we're not there yet. could be there very soon. you're likely to get the corona virus. walk us through this, how scared and how concerned should we be here in the u.s. >> there are 3,000 words after the headlines. >> no, of course. in this day and age, something like that is going to get a lot of attention. most people may not read the 3,000 words, which they should, but walk us through. >> we've gotten a lot of attention in these serious cases so far, when people are dying and have to be hospitalized. that's when we've been detecting the virus. we've not been widely screening people who have mild cold symptoms. there are early case reports of it being possible for the virus. it has some experts predicting we're only testing for the severe disease. >> do we know enough about the virus to say -- we know it's spreading quit

pulitzer prize-winning journalist of "the coming plague" lori garrett and cnbc analyst and commentatora. the numbers i just gave you may already be out of date. but with these issues, lori, come the problem that there are confirmed cases, there are people who die of things that we don't know are this. what do you make of the sheer numbers and the velocity of this so far? >> so for the sars epidemic in 2003, i was in the middle of it in china. we saw after almost six months a little over 8,000 confirmed cases in the world. this has only been in circulation for a little over a month, maybe six to seven weeks total, and we already have eclipsed sars. so this is far more contagious, it seems, than the sars virus was. now, what does that mean? does that mean there's something different about the virus that makes it attach to human cells more readily or that human activities are different. when i was in the sars epidemic 17 years ago, china was comparatively isolated compared to today. >> right. >> it didn't have this vast train high-speed network that it has now. >> or direct flights to eve

pulitzer prize wining science journalist lori garrett recently wrote about the fact that the united states government is almost uniquely ill suited to take a leading role with something like a global infectious disease crisis right now because without much fanfare and honestly without much objection, president trump, quote, fired the government's entire pandemic response chain of command back in 2018 and never replaced them with anyone. and i think the reason this went largely unremarked upon at the time is because the president has fired and never rehired whole big swaths of the federal government and the turnover rate even in national security positions in this administration is beyond unprecedented. peter baker at "the new york times" this weekend notiing tha the president in his first term is on his third chief of staff, his fourth national security adviser, his fourth defense secretary, his fifth secretary of homeland security, his secretary deputy national security adviser, and his seventh communications director without even making it a full term in office. but as the coronavirus th

. >>> and earlier, cnn's michael holmes spoke to lori garrett about the outbreak. is a former senior fellow for global health at the council on foreign relations and a pulitzer prize-winning writer. and he asked her if quarantining the american passengers on board that cruise ship for two weeks after they land in the u.s. is an effective form of containment. and here's what she said. >> we don't really have a lot of options, do we? i mean, quarantine is the best way to do some sort of separation between potentially infected and the rest of the population. we don't have a vaccine. we don't have any magic bullets of any kind, some, you know, miraculous cure or treatment or something, and we know that we don't have enough masks to have every american wearing masks all the time. we don't have enough protective gear even for our own health care workers. and so we don't have really any good option except to as humanely as possible separate those who have been in an epidemic zone from those who haven't. >> reporter: what's interesting with the u.s., at what level are deci

to see our extenended discussios thet the coronavirus with pulitzer prize winning journalist lori garrett, go to democracynow.org. a leaked audio recording between an air-traffic controller and an iranian pilolot appears to show avaviation authohorities were ae ththat a ukrainian passenger jet hahad been shot t down last mom, kikilling all 17176 people on b. the iranian government denied they were involved in the plane's downing for three days following the crash before conceding the iranian revolutionary guards accidentally launched a missile atat the boeing g 737 jet. tehran has said they are halting cooperation with kiev following the release of the leaked exchange b by ukrainian media on sunday. in syria, turkish warplanes launched airstrikes against syrian regime troops after at least six turkish soldiers were killed by artillery strikes. the turkish airstrikes represent a major escalation of the battle in the northwestern syrian province of idlib, where a russian-backed syrian regime offensive has already sent nearly three quarters of a million syrian c civilians fleeg towardrd the

lori garrett, here with me late last night and this morning.eases." a relevant book right now. thanks. >>> ahead, the polls are open. the first votes have been cast in the south carolina primary. we'll talk to presidential candidate, a presidential candidate who spent more money on tv ads than any other leading up to today's contest. democrat tom steyer stops by the show next. [ applause ] thank you. it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. i love you! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ what? i think i forgot to lock my buick. got it. i bet you lunch you can't make it in there. i'm thinkin' sushi. alexa, ask buick to start my suv. you can do that? you can do that? you can do that? yeah, with a buick. what? at the heart of every buick suv...is you. find out why buick is number one in dealer sales and service satisfaction. pay no interest for 72 months on most buick suv models plus current eligible gm owners get 7-50 purchase allowance. plus cur