Carl Quintanilla and Jim Cramer digest the massive market declines.

Stocks continuing to fall sharply even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronaviurs outbreak.

An instant trading halt at the open as the S&P dropped 6%. The Dow dropping 30% since hitting a record high. Treasury Secretary Mnuchin telling Cramer there will be a lot of 'pent-up demand' when the crisis ends.