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b'Carl Quintanilla and Jim Cramer discuss the slump for stocks as U.S. weekly jobless claims jump, totally 1.106 million last week.\\xa0Plus, yesterday\\u2019s Fed minutes revealing officials expect that coronavirus will \\u201cweigh heavily\\u201d on the economy.\\xa0Carl & Jim dig through the movers of the morning.\\xa0Nvidia reporting a beat on the top & bottom line also issuing a strong current quarter revenue outlook.\\xa0Shares moving lower, as some investors were disappointed with the performance of Nvidia\\u2019s data center business.\\xa0Intel announcing an accelerated $10 billion stock buyback program, with CEO Bob Swan saying the shares were trading \\u201cwell below our intrinsic valuation.\\u201d\\xa0Shares of Estee Lauder taking a big hit after reporting a wider than expected loss.\\xa0The cosmetics company said it\\u2019s launching a 2-year initiative to rebalance its investments, which will include a reduction in its retail footprint and increase emphasis on its digital sales.\\xa0Estee Lauder also plans to cut up to 2 thousand jobs globally.\\xa0Plus, Airbnb confidentially files its IPO paperwork.\\xa0And breaking news, as President Trump\\u2019s former advisor Steve Bannon is arrested on charges of defrauding hundreds of thousands of donors in an alleged fundraising scheme.'