Week for the nasdaq. That is the first time youll see stocks down for the major averages in three weeks. This morning, we are still near alltime highs for both the s p 500 and the nasdaq looking at the treasury market, right now, 10year at 1. 486 some additional pressure concerns about Global Growth and what it will mean for the economy. S p was out saying for the year, you could see chinese growth at 4. 4 for the full year that concern if they see a peak to the virus in march. All these new highs and goldman talking potential correction i can see how the case could be made right now is there anything more than a possible Global Pandemic i think about it it is hard to buy any stock that wouldnt be impacted by a bad outcome in this. Right people assume it will be a vshaped recovery and that it will happen sooner rather than later. With coronavirus. After it going away. But we dont know if it goes away and we still dont know what kind of numbers we are getting. It appears it is slowing a
On this busy day, weve got full team kovrnl like you could not get anywhere else. Bertha coombs at the New York Stock Exchange Steve Liesman digging into the Economic Impact and meg here with the larapid response from companies. Dow down more than 1000 points b Bertha Coombs is there for us. Hi hi, kell lichlt the dow taking out its january lows today and dropping below 28,000 for the First Time Since december chip makers among the biggest losers today the surge in cases now in south korea, weve also seen the consumer names, tap tri leading the sell off while carnival crashes. Health insurers, its about medicare for all about Bernie Sanders put in a decisive win following a big win in the New Hampshire primary. That sector down 9 from last week finally, bucking the trend at the opposite end, gilead hitting a new high with Health Officials siting process on the ability to treat the drug and clorox, but guys, keeping things clean is the first line of defense against infection. Thank you
Talking about what is happening with the coronavirus and appointing Vice President pence. As he was speaking, one of the cases of unknown origin that happened in europe as predicted if you look at the treasury now, you see the 10year is yielding 1. 297 . Not negative yet. President trump speaking about preparations last night. We are very, very ready for this whether it is going to be a break out of larger proportions or whether or not we are at that very low level and we want to keep it that way he has tasked Vice President mike pence he also addressed the market response i think the stock market will recover. The economy is strong, consumers are incredible thats why we are doing well and other countries are not even before the virus our consume rp is very, very strong very powerful economically. And the president put some of the response of the dow to the democratic convection. Are you suggesting Financial Markets are overreacting here . I think Financial Markets are very upset when
Americans will reelect trump. Why the book . Guest i working on the super pac to get 20 of the black vote for the president in eight states. The reason i thought it would be interesting to take a look at how did black americans become democrats from overwhelmingly for 71 yearse gop or so. Host bruce everly as your coauthor. Back in 2016 the president as a candidate received approximately 8 of the africanamerican vote. How does that compare to previous president s and how do you get to 20 in 2020 . Guest it is midland, higher than goldwater, a couple other books. Is lower than several president s but its interesting to take a. The gop occupied the moral high ground for 71 years. Herbert hoover decided he wanted a Lily White Republican Party in the south. Stop meeting with black individuals resegregated the white house. Franklin cites him as the pivotal guy who started the exit us from the Republican Party for black americans. Was atsome help and that the same time my parents and 6 milli
And after tuesdays votes, which candidates will survive . Joe biden and Bernie Sanders join us this morning, plus our powerhouse roundtable. And we are seeing more cases. We will see more cases. Coronavirus continues to spread. Sinking stock markets among new fears for its longterm impacts. Trump expands travel restrictions. Attacks democrats. This is their new hoax. Our guest, Health Secretary alex azar. Well break down the politics, smoke out the spin. Announcer from abc news, this its this week. Here now chief anchor george stephanopoulos. Good morning and welcome to this week. As we come on the air this morning, the new coronavirus continues to spread. Almost 90,000 cases across 60 countries and 6 continents. The first death reported in the u. S. In the state of washington, where they declared a state of emergency. Amid concern that the virus has been spreading there for weeks. Well have more on that coming up. But we begin with the race to the white house and joe bidens comeback l