The New York Stock Exchange has suffered its biggest one-day loss since the 1987 stock market crash, ending the day down nearly ten per cent in value.
The US Federal Reserve is preparing to pump $1.5 trillion in short-term liquidity into the economy in a bid to stabilize the markets.
President Trump's televised address to the nation on coronavirus did nothing to soothe the fears of investors, as our US Correspondent Simon Marks reports.
IN: "Watching global…."
OUT: "…the investment community"
DUR: 35 seconds