And by contributions to this pbs station from viewers like you. Thank you. This is bbc world news america. The bigge shock to the economy in modern times. The fed chair wans downturn. If congress does not come up with more money to battle the coronavirus. President trumps former Campaign Manager is released from prison due to coronavirus fears. Gas shortages in venezuela as the country struggles with the impact of conavirus. The lockdown there is extended. Laura plus, sharing their love of music andales of life and lockdown. We hear from to singer songwriters who live a world apart. For all of you watching on pbs and around the world, welcome to world news america. Without precedent. Onavirus is that was the warning from the federal reservrechairman. Co is spending more mone o stocks tumblhearing the gloomy forecast. A whistleblower plans to Tell Congress this could bthe darkest winter in modernistory if the u. S. Does not step up its response to the virus. Here is more. This time of y
Just a moment. And bond yields rose t a near fouryear high and that was enough to batter stocks. Falling the most since august. The Dow Jones Industrial averag dropped362 points to 26,076. The nasdaq was off 64. S p 500 was down 31. Babb pass any has more on todays selloff from the new york stock he can change. The steep selloff continued today on wall street bringing the dow down 4100s after session lows. We havent seen that for a long time. Energy sem i conductors, industrials, key economic benchmarks wdae all down toy. Whats going on . Er there are s risks to the market right now. Call it a stew. Ri ng Interest Rates continue to be a big story. Bond yields are hovering aund fouryear highs. And with a potentially more aggressivehi Federal Reserve year, investors are starting to get a little bit nervous. Second there is the earngs question. Some would argue that the acceleration in Earnings Growth thatowered the markets higher will slow down the market next year. Finally sentiment lel
Birth of federal housing policy, which saw its precursors in cities like new york and chicago. So you could make a strong argument that immigration itself is what gave birth to our federal housing policy today. Our panel will be a little less historical, except for the last decade. Our panel is going to look at recent trends, especially in like of the recent housing boom and bust, which coincided with a Significant Movement of immigration. We are offering connections between immigration and real estate. Jacobrst speaker will be vigdor, from the university of washington. That is the other washington, the one with good coffee and a little more rain, although i think we probably rival you in humidity. In addition to his many journal publications, vigdor is the author of from an address to americans the rise and fall of fitting in. Next guest will be gary painter, who serves as a professor at the university of southern california, as well as a director of Public Policy at sol. His numerous
We are living in a whole different world, no respect for law and order, and a respect for anything or anybody and this has to be dealt with very harshly. We have got to do more to understand that this is a war against these terrorists groups, radical jihadist groups, a different kind of war. We have to be smart how we wage it but we have to be determined to win it. Maria donald trump postponed his Vice President ial announcement in the wake of these attacks which come just days ahead of the convention raising new security concerns. Investors around the world reacting to the news, Stockton Europe lower with traveler stocks and airline related Companies Taking the hardest hits. Futures are flat, traders digesting this news off of strength on earnings, turning to markets in asia the market was mixed, the nikkei average continuing its momentum in terms of market action. Joining me this morning to talk about it and break it all down, dagan mcdowell. Former Fbi Joint Terrorism Task force mem
Ta fall into the pacific ocean. Socalled satellite laurchls three times since 2009. It maintains they were for space exploration. Much of the International Community says they were actually tests of longrange lallistla balan ballistic missiles. Show possible signs of preparations for a Missile Launch at a site in the northwestern part of north korea. The launchpad has been covered as it was in the last one in 2012. International community preparing fresh sanctions. The planned launch period includes february 16th, the birthday of former leader. Also known as shining star day. The country said it has named its satellite in honor of the day. Observers say the launch is aimed at inn inn flsanction on north are ongoing at the united nations. Central news agency reported that chinas north koreas affairs is vitting yang. He is expected to discuss the test launch. He met with officials the u. S. Japanese and south korean governments last night. The white house has criticized the plan. This ac