Feb 16, 2017

Trump isn't bringing in Steve Feinberg... yet

(AP Photo/Haraz N. Ghanbari, File)

President Trump today threw cold water on a NY Times report that Stephen Feinberg would be brought in to lead a review of the nation's intelligence agencies. During a news conference, Trump said:

I hope we'll be able to straighten that out without using anybody else. [Feinberg] is a very successful, very talented man. He's offered his services and it's something we may take advantage of, but I don't think we'll need that at all because of the fact that, you know, I think that we're going to be able to straighten it out very easily on its own.

Feinberg is a fellow New York billionaire and the founder and CEO of private equity firm Cerberus Capital Management.

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Fear of coronavirus pandemic escalates

Photo: Abdulgani Basheer/AFP/Getty Images

In the blink of an eye, we've entered a new phase on the coronavirus.

The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.

Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 3 hours ago - Health