After several days of declining figures the number of new corona virus infections in china has risen again only 2000 more people were reportedly effect infected on sunday the virus has now claimed 1770 lives on chinas mainland forcing some cities to tighten controls even further south than a city with more than 2500 cases of the virus has gone into a complete lockdown it comes as the u. S. Is getting back to waiting hundreds of people from the diamond princess cruise ship and japan 14 of those evacuated or put in containment on the flight to the United States after they were confirmed to have the virus and hong kong or spend reports of panic buying and one instance Armed Robbery stole hundreds of toilet paper rolls starr clark joins us now from hong kong so sara days 14 cases that i mentioned 14 u. S. Citizens that reported to have coronavirus what else can you tell us about that. Yes an extraordinary and unfortunate situation for those passengers on board that chartered aircraft the u
See more higher costs were getting to one day delivery, instead of twoday. It was anticipated it would fall but not this much. David one day delivery costs a lot of money. Yes, but are people buying. However, i would say i listened to head of consumer in long beach at wall street journal tech live event 24 hours ago. 48 jeff wil said consumer is strong. You are here for the hour. David we bring in the panel. There are a couple things about amazon, it is a fascinating case study of whether or not the business is being run by a ceo who runs the business the way he thinks he should or running to the way that market and wall street analysts think. Time and again, associate said ill spend money to make money, i dont care whether it meets your earnings expectations, i dont really care what you think. He does not care. That is frustrating to analysts and, wall street and to amazons benefit, they will spend more money or make money that is the plan. They have such a huge penetration of amazon
De dedra bosa, what did we miss they looked particularly ugly next to lyfts yesterday its quarterly loss was its biggest ever, now a large part of that was cost related to its ipo. But ubers also facing ridesharing competition in markets abroad like latin america and india. Competition is even stiffer in food delivery. We saw that play out in this earnings its either business, ceo telling us that it is likely they will keep losing money here for years as, quote, theres a lot of capital chasing a lot of growth. As for the question of overall profitability, this is what really matters most to the street, while lyft was pretty direct on their path last night, saying that last year was, in fact, peak losses for them, ubers ces on was less clear telling us, quote, we think that 2019 will be our peak investment year, and we think that 2020, 2021, youll see losses come down i think our break even is something that we can push the company to break even if we really wanted to frankly, he added,
We need fed chief jay powell to listen to last nights big, bad Conference Call from csx thats a railroad. Or this mornings report from aerospace texron that showed a weakness in almost always Robust Aerospace sector or tonight, surprisingly not so hot guidance from united rentals, the Equipment Rental company at the same time, we need to innor ti ignore the bank Conference Calls from bank of america on the heels of the major bank stocks that have been good. Certainly happen we got lets hope he stays away from any Conference Call in the red hot airlines sector. Why . Because we have two economies and right now out of scn krrks nrks krrcn sync if you believe bank of america, j. P. Morgan, citi group, why not, consumers are spending but were taking down a little debt. Paying it off. Based on what is happening in the consumer economy, you could easily make the case for more rate hikes here but the Business Economy is a totally different story. That Conference Call, i have to describe it as
The real surprise was the pathetic action in the slowdown stock. We got powerful evidence the Global Economy is deteriorating and the stocks that should be rallying, they rolled over let me walk you through this one. Last time we got devastating news from basf its a german enterprise thats the Largest Companies on earth they make pesticides, consumer products, practically everything it was a very, very big deal when this Gigantic Company said they might need to slash the fouryear earnings forecast by 30 . Ouch what did they site for the outlook . Weak car sales and crop sales and our trade war with china it was a truck back and also a powerful reminder the trade conflict hurts more than american and Chinese Companies the damage is spilling all over the rest of the world. Now we got real concern, real reason to be worried while the Federal Reserve believes business is strong, something that chief powell might opine upon, the weak forecast from chemical giant basf suggestions that the Gl