Time. How much more can this market take before there is longterm effects on the economy . Thank you. Market does short run corrections. About 10 or 11 or something. Weve been through this many times before. I dont think, even though it is a frontpage story and no one likes to see their asset values go down, i just dont think, at this point, it will have much of an impact. , how longlify that this lasts,. How long this lasts, it depends on how deep it goes. I will remember i remember i was a reagan cub scout and i remember the 1987 market crash and president reagan saying the economy is fundamentally sound and the economy grew by 3 or 4 after the crash. I think President Trump said it in this room two nights ago, we just think the economy is sound. Therefore, i dont think this shortterm stock market plunge will have any longterm effect. [indiscernible] not at the moment. If you had a friend that was thinking about going to china, what would you tell them . Stay home. What effect do you
Poll, of likely democratic voters in the state, 36 support the former Vice President , 16 back to Bernie Sanders and 15 support tom steyer. Sanders is investing heavily in South Carolina, visiting and building a solid organization. In 2016, sanders lost South Carolina to Hillary Clinton by 47 points. Comel news, 24 hours a day on air and on quick take by bloomberg, powered by more than 2700 journalists and analysts in over 100 20 countries. Im Mark Crumpton, this is bloomberg. Live from bloomberg headquarters in new york, im shery ahn. Welcome to bloomberg markets. Are the top stories were following from around the world. Stocks are off session was after the dow and s p 500 hit correction territory, plunging 10 in just six days. On yields sank to new record lows in Oil Prices Headed for the worst week since 2014. Coronavirus the epidemic in the europe and the middle east with the first case on u. S. Soil without a known origin. Plus, what it all means for global Monetary Policy. The re
Community wake up to the challenges presented by chinas manipulation of the longstanding International Rules based order that has benefited all of us for many decades john holl as our correspondent at that conference in munich. You know they say that the Munich Security Conference doesnt provide solutions but it provides platforms for competing narratives to play out weve certainly seen that here in the last hour under the same roof youve got the United States effectively firing the starting gun and missile to a new era of foreign and defense policy naming china as the number one threat to the world and then swiftly followed by the Chinese Foreign minister waving the flag seemingly for multilateralism a concept that seems to be under increasing strain and threat in the west we have the headlines europe has recorded its 1st death from corona virus after an elderly Chinese Tourists died in france the 4th person to die outside of Mainland China and south break has now killed more than 150
Return to major cities to go back to work slowly to start using public transport so the number could spike of the next few days and we do have to watch that closely and at the same time the Chinese Government have continued to implement stricter measures even to prevent the spread of this new current virus we know and who pay for example over the weekend they banned any vehicles from being on the streets that were nonessential be also theyve sealed off many residential compounds in who base specially but also outside of cuban places like they doing residential compounds have one strict entrance which residents can go in and out of if you dont live there you may not be able to enter they take your temperature they ask you where youve been in fact everywhere you go in cities even in beijing miles away of from who pay if you enter an Office Building a shop they take your temperature they take your details and still public. Major public gatherings are prevented parents are of course also v
Largest economy in europe for 2019. There are more concerns about the global trade deals than there was yesterday. You can see european stocks pretty much flat. The dollar pretty much a steady. We are getting some data out of germany shortly. We also speak to the dallas fed president , Robert Kaplan at 3 30 p. M. London time. Lets get straight to the bloomberg first word news. Now, u. S. Story for tariffs on china staying put. The Trump Administration is likely to keep them in place until after the president ial election. Any relief is also contingent on compliance. Steven mnuchin and says tariffs wont be removed until the next stage of a trade deal. These tariffs will stay in place until there is a phase two. If the president gets a phase two quickly, he will consider relieving tariffs as part of a phase two. It has nothing to do with the election or anything else. Today, the u. S. And china are scheduled to sign their phase one trade deal. 1 billion is the figure by which jp morgans