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Companies continue to warn of the threat that COVID-19 poses, with several anticipating they'll miss guidance for the March quarter.

The plaintiffs argue that SAT and ACT exams are discriminatory against some applicants because they have created a lucrative test-prep industry that is out of reach for many low-income families.

"We're deeply concerned both by the alarming levels of spread and severity and by the alarming levels of inaction," WHO's Dr. Tedros said.

Blinder said the cause of the current downturn is "fear of shopping" and being in public places where the COVID-19 strain can be spread.

"I am saying that there is no hurry to buy," CNBC's Jim Cramer said.

A congressional hearing was cut short Wednesday after the White House summoned top U.S. health officials to an emergency meeting.

Psychologists spoke to CNBC to weigh in on why our brains push us to panic buy — even when authorities are assuring the public there's no need to.

Goldman's top U.S. stock strategist cut his midyear S&P 500 forecast to 2,450, meaning the bank sees the market falling another 15%.

A multitude of lawmakers have signaled Trump's payroll tax cut proposal would not pass.

"I can say we will see more cases and things will get worse than they are right now," Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, says.

"We're already looking at how we use our ICU beds, how can we use alternative areas of care, including setting up tents outside of our hospitals," said Rod Hochman, CEO of Providence St. Joseph Health.

About 7 in 10 manufacturers of pharmaceutical ingredients supplying the U.S. are overseas, including 13% in China, according to FDA testimony.

Check out the companies making headlines in midday trading.

Following the troubled launch of its Explorer SUV last year, Ford said production and sales of the popular vehicle are gaining momentum.

The WHO has yet to classify the virus as a pandemic, but officials have warned that the threat of a pandemic is "very real."

"It is a painful setback," Adidas CEO Kasper Rorsted says about the coronavirus outbreak.

In a recent CNBC/SurveyMonkey Women at Work Survey, 7% of working women with children under 18 said they have at least $5,000 in a 529 College Savings Plan.

"I would start to nip away at it on these kind of down days that we have," the Leuthold chief investment strategist said Wednesday.

Joe Biden continued a run of early success as he tried to put distance between himself and Bernie Sanders in his push for his party's nomination.

Sen. Bernie Sanders, I-Vt., will win the North Dakota Democratic presidential caucus Wednesday, NBC News projects.