This hearing is called to order. On december 30th, 2019, dr. Lee wang young, a 34yearold ophthalmologist at wuhan central hospital, took to a group chat he was in with some friends from medical school to discuss a sarslike illness that had recently been sickening people around the city. He posted a snip pet of a lab analysis that had found sars coronavirus, an extensive bacteria colonies in a patients airways and says this new illness had even led his hospital to quarantine some patients in the emergency department. So frightening, a member of the group chat replied, is sars coming again . Fice it to say the Chinese Communist government, which like all authoritarian regimes, is often more concerned about protecting its image than the life and safety of its citizens, was not pleased. And even as dedicated Public Health experts scrambled to warn each other, and collect more information on what was happening, chinas Security Services were busy trying to stop it. And probably the starkest
Phase one trade deal could not happen until december at the earliest. Discrepancies any the disagreements as to where a deal could be signed. Iowa or that could be ohio or hawaii being next. Here we go. Came out. Stronger than expected. The philippine peso pretty much where it was. Had been trading higher before that print came out. 16 out of 26 economists had predicted bit protected it. We had a little bit of weakness. Continuing its lurch as well. We had a fix earlier, which was again showing a bit more strength for the cny. Just slightly above the fix. Up for the dollar, three tens of one presented moving things along, having a look at what is going on in new york. We are going to start in the u. K. If i did officials are set to deliver a warning shot the politicians budget officials are set to deliver a warning shot to politicians amid fears there could be an arms race of tax and spending promises. The outrage of responsibility could have 26 billion added to its budget forecast. Wi
Markets and how they work based on how we study them here. Look, we think we can go out, trading stocks, and not get killed. Their relationship now extends five decades and led to the beginning of dimensional, a nearly 600 billion Institutional Fund manager. David every new paper coming out was a landmark paper. It was all brandnew stuff. And none of it was being applied. Narrator the two recently sat down at the university of Chicago Booth School of business, named after david a widespreading renovation in 2008 for a wideranging conversation with very on a very special masters in business. Barry during your last year at tufts, you worked for harry ernst, who had a side gig running a stock market forecasting service. And you did research for him. What sort of work did you do with this stock Forecasting Research . Eugene i was evaluating schemes to beat the market. [laughter] barry and how did that work out . Eugene it worked out fine. [laughter] eugene on the data that i fit it to. It
Someone like Elizabeth Warren has been critical about how democrats in the 1990s negotiated nafta. It is all about having that breakout moment to get into the top tier of the democratic field. That is what some of these lesserknown candidates, someone like a Pete Buttigieg or a castro, they are trying to make the case they deserve to be taken seriously as someone like biden or warren or sanders. Look for that to play out, and just quickly, folks here are fired up from the base of the Democratic Party. I interviewed linda and lawrence bell, they traveled 19 and a half hours by car from texas just to come to this debate. They say they like beto, they like, let harris and even Elizabeth Warren. David that is impressive. I hope you do not have to drive from washington. I want to go to the Robert Mueller announcement. Lets turn to anna edgerson in washington. You normally cover capitol hill. Give us a sense on capitol hill what are people expecting hoping for coming out of the g20 in osaka
Shiller numbers up too the president s pick to head the central bank prepares to testify on capitol hill. Plus. Crypto coin with 10,000 in sight this morning. House ways and means chair kevin brady will join us live this hour as the final details get hashed out as stocks look to set new record highs the president s choice to succeed janet yellen heads to capitol hill this morning. The fed governor will appear before the Senate Banking committee and in his prepared testimony propgsed continuity if hes confirmed we must be prepared to respond decisively and with appropriate force to new and unexpected threats to our nations financial stabilit prosperity, well bring you live coverage a lot of questions whether he thinks qe should be a permanent tool what he thinks of asset prices and inflation and regulation. I think youre going to hear answers you would have heard from janet yellen. I think one of the things that is surprising here is that the pick itself is very neutral its not like whe