A whipsaw day in the markets as the coronavirus spreads to new places. We look at whether investors should be changing their strategy. Plus…one prominent economist says the coronavirus outbreak is rapidly becoming an economic pandemic and it couldn’t come at a worse time. She tells us why. Then…from handing out cash to relying on central banks to step in, we look at the response around the world in the race to stop an economic contagion. And…we’re live at the Port of Long Beach with what the situation there is telling us about what could be coming.

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box,” anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer. Listen in to today’s episode and subscribe to the podcast today. The Oracle of Omaha Warren Buffett explains his relationship with 96-year-old best friend and partner Charlie Munger. Becky Quick shares insights from her years of interviewing the legendary investors in a conversation exclusive to Squawk Pod. The coronavirus outbreak is affecting shipping in South Carolina and in California. Executive Director of the Port of Los Angeles Gene Seroka comments on a pandemic’s financial fallout. Wall Street saw its worst day in two years this week; Allianz Chief Economic Advisor Mohamed El-Erian urges investors to resist buying the dip. Plus, Mastercard named a new CEO, Amazon’s launching a grocery store, and Juul’s trying to age-proof e-cigarettes.