Carl Quintanilla, Jim Cramer and David Faber breakdown the massive market swings. Stocks rallying as Wall Street tries to rebound from its worst day since the financial crisis. Investors cheering potential stimulative measures to stem the economic downturn from the coronavirus.
Delta, American Airlines, Southwest, United Air Lines and JetBlue all on watch, as travel continues to be impacted by virus concerns. Major airlines extending waivers for ticket change fees through April and more news emerging as the major airline CEOs present at a JPMorgan Chase investment conference. American announcing that it will cut flights even further, including a 10% reduction in international capacity. Delta also says it’s making broad cuts to its network as the virus drives down demand. Delta is also instituting a hiring freeze and offering voluntary, unpaid leave.