CNBC World News

The world is in a period of "true turmoil," with financial markets and economies in crisis while a novel coronavirus continues to spread rapidly, oil guru Dan Yergin told CNBC this week.

The Dow, energy sector and Treasury yields all made history on Monday.

As of Monday afternoon, more than 113,584 cases of the new coronavirus have been reported, resulting in at least 3,996 deaths.

While the coronavirus outbreak in China has hit many industries hard, some technology start-ups in agriculture are seeing demand rise.

Analysts say Russia and Saudi Arabia appear to be battling each other but are really at war with the U.S. oil industry, sucker punched by a sudden 30% decline in oil prices.

Stocks cratered Monday as investors grappled with the sinking price of oil and the spread of the coronavirus.

Uncertainty amid the coronavirus COVID-19 outbreak, and oil price battles between Saudi Arabia and Russia weighed on shares of Tesla and other electric car makers on Monday.

Tech stocks led the S&P 500 to a record last month, and are now plunging along with everything else.

Stocks moved sharply lower throughout Monday's trading session.

DoubleLine Capital CEO Jeffrey Gundlach told CNBC's Scott Wapner

Oil prices plunged after OPEC's failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.

The company informed New York and New Jersey employees of the change on Monday.

The yield on the benchmark U.S. 10-year Treasury touched an all-time low of 0.318%, adding another 30 basis points to an unprecedented fall.

The latest measures come as the company tries to mobilize its workforce as the COVID-19 coronavirus spreads.

Apple changed its iPhone care guidelines and now says it's OK to use disinfectant wipes to clean your iPhone and other Apple products.

With stocks looking set to open sharply lower, investors will be watching for more market circuit breakers that can halt trading.

The FAA has said wiring bundles on the Boeing 737 Max are "not compliant," but Boeing said the agency's assessment doesn't change its forecast for a mid-year return to service.

As oil prices plummet deeper into bear market territory, the repercussions could be felt throughout the U.S. economy.

Rumors that the extended quarantine measures Saturday night were to be implemented prompted scenes of panic among northern Italy residents.

"Now that the virus has a foothold in so many countries, the threat of a pandemic has become very real," WHO Director-General Dr. Tedros Adhanom Ghebreyesus told reporters on a conference call Monday.