‘Bloomberg Markets: The Close’ Full Show (3/16/2020)

‘Bloomberg Markets: The Close’ Full Show (3/16/2020)

6:00 IN LONDON. I AM SCARLET FU.. ROMAINE: I AM ROMAINE BOSTICK. SCARLET: U.S. STOCKS PLUNGE 11%. THE FED CUTS RATES TO QUIVER.. WHAT PEOPLE ARE PRICING IN IS NO. ONE IS LEAVING THE HOUSE.. PEOPLE ARE NOT GOING TO WORK.. THEY ARE WORKING THROUGH THEIR. COMPUTERS AND PHONE.. THEY ARE NOT GOING SHOPPING.. THEY ARE AFRAID TO BE OUTSIDE. AND GATHER. , UNLESS YOU ARE NOT. AFRAID IN WHICH CASE YOU HAVE. STATE GOVERNMENTS TELLING PEOPLE. NOT TO GATHER IN CROWDS OF MORE. THAN 50.. ROMAINE: A LOT OF INVOLUNTARY. SEQUESTERING OF FOLKS ON. ECONOMIC ACTIVITY.. WE ARE NOW AT THE LOWEST LEVEL. ON THE COMMODITY INDEX GOING. BACK TO WHAT WOULD HAVE BEEN. 1976 HAD THAT BEEN IN EFFECT.. OIL DOWN ANOTHER 9% COMING OFF. THE 25% DROP LAST WEEK.. PRECIOUS METALS FALLING. DRAMATICALLY TODAY.. THE SOFT COMMODITIES ALL LOWER. ON THE IDEA GLOBAL DEMAND WILL. BE A LOT LOWER THAN WHAT PEOPLE. PRICED IN A FEW WEEKS AGO.. SCARLET: SUPPLY SHOCK, DEMAND. SHOCK.. ROMAINE: ALL OUR REPORTERS ARE. KEEPING AN EYE ON THE MARKETS.. LET'S DIVE DEEPER WITH THEM NOW.. RITIKA: I WANT TO WALK YOU. THROUGH THE STOCK MARKET ACTION. TODAY BECAUSE WE ARE DOWN MORE.