Markets Sink As Coronavirus Spreads Globally | Morning Joe | MSNBC

We are also following the latest news on the financial

markets

right now, stocks around the world have plummeted due to

coronavirus

concerns and Dow futures are down over 800 points right now. CNBC's Dominic Chu is waiting with more information on this Tom, what do we do? I know, Mika, what we have now are

markets

like the one you said that are selling off precipitously and what this has to do with the spread of the

coronavirus

. We have now known for quite some time that Chinese cases have been increasing, but now it seems that investors have turned their attention to what is happening in general with cases outside of China, towards countries in particular.

The boys are the ones in focus. South Korea, which now has 750 or more confirmed coronavirus cases, making South Korea the most infected country outside of China. Mainland China also what is happening in mainland Europe situation Italy, that particular country has seen over one hundred and thirty cases and five deaths related to this particular virus, which means that the European side of things is also seeing that type of spread between South Korea. and Italy and the rising numbers there, that's why we're seeing the markets selling off the way they are. The issue now is whether or not we see a situation where governments intervene further and that is what traders and investors will be looking for. closely to find out if they are taking additional measures in places like Italy or surrounding countries in Europe and what exactly South Korea is doing to help stop the rise of infections there.

We've already heard that the government has invoked some emergency powers to allow them if necessary to restrict travel and also pump more money into the financial system in case things go really bad, but for now we've heard anecdotal evidence from places like Italy and South Korea that grocery stores are running out of supplies because people want to stock up, those are all reasons why, people, there is this type of liquidation in the market. We will continue to monitor it, but that is why you are seeing the markets and the Dow Jones dropping around 850 points to begin with. opening bell guys again for you Wow okay thanks Sam B chewing fool thank you very much and still on Morning Joe we will be live in India for an update on Trump's state visit there thanks for visiting MSNBC on YouTube and be sure to subscribe to stay up to date on the biggest stories of the day and you can click on any of the videos around us to see more 4 Morning Joe and MSNBC thank you so much for watching