To react to certain types of new stories. Reporter thats especially true when the stories have Significant Impact on commerce. The markets been down like five straight fridays. Ever since this virus began to pick up speed. Reporter the Chinese Government has locked down a large, normally highly productive region that makes components for countless other finished goods. Those goods, manufactured worldwide are dependent on Global Supply changes. A worldwide slow down of economic activity, its gdp, or Gross Domestic Product is in for a big hit of its 3 growth rate. For this quarter and next quarter, our gdp isnt going to have a three on it. Probably isnt even going to have a two on it. Its probably going to be lucky to have a one on it. Reporter canceled 50 sailings due to less cargo demand. The port of oakland issued this statement. We anticipate an impact on cargo volume in the spring, because shipping lines have already canceled some voyagesment. This is probably going to have more of
Continue on funding for u. S. Coronavirus response in house and Senate Negotiators are working on a total Funding Amount and the house is exciting to see a bill early this week with the Senate Taking it up after the house. Gary shapiros president and ceo of the Consumer Technology association and he is our guest this week on the communicators. Esther shapiro, what is the cpa and what do you represent . Guest is great to be back here. Thank you. The Consumer Technology association represents over 2000 American Technology companies and we produce the greatest, honest, coolest most amazing event in the world and that is the ces in las vegas. Host and will we will get to ces in a moment but who are some of the Member Companies . Guest everyone you check to see when you walk into your local best buy, walmart, but we also have sony and apple and you name it. 80 of our companies are Small Businesses but the 20 of the big ones we have everywhere from google to air b b to lift and the disruptor
Weekly gain. Virus figures, coronavirus cases surging again, wall street still headed for strong gains for the week, s p and dow up more than 1 the past five sessions. The company beat on earnings, suspended its 2020 forecast on coronavirus uncertainty, and as well were going to be talking with the ceo of roku later this morning which also reported numbers. And jedi blocked, a federal judge haunting microsofts pentagon cloud contract after an amazon suit. For the second straight day the number of confirmed cases of coronavirus shot higher. Chinese authorities reported 5,000 new cases and 120 more deaths the death toll stands at nearly 1,400 and total cases into the range of 64,000. As increasingly guys, the conversations turning to diagnostics as opposed to the spread itself. Right there have been a number of articles that are very subjective about whats happened some of them say that, look, it could be a 24day incubation, so what they thought they were letting people go and some of it
Least. Day two of the Goldman Sachs global macroeconomic conference and goldmans chief equity strategist. We have breaking news out of south korea and Fourth Quarter g. D. P. Numbers. This is much faster than what was expected and fastest pace since the Third Quarter of 2017. These are the preliminary numbers for the Fourth Quarter. The south s also korean economy expanding 2 meeting the bank of korea projections and have seen growth in Household Spending and gains and Consumer Confidence and a lot of it supported by the south korean with their budget being passed in august and seeing a growth of 1. 2 , which would be the fastest pace since the Third Quarter of 2017 and for that 2019 growth of 2 which is atching. Lets look at what it is setting up. We had reaction across asian markets which led to the european session in declines and the u. S. As well as account of the news of the spreading china case. Avirus and one and not much of a rebound. Futures are looking pretty soft and we are
Receive a reason intent special report. Joining us is a real sense the Global Impact of what is to come next. Turkish involvement in libya deepens as ankara moves to support the internationally recognized government militarily but will that intensify the conflict he says its and this is inside story. Hello and welcome to the show im sam hes a than turkey is considering all kinds of military backing for libya that includes ground marine and air support if necessary president raja to do and also said hes ready to deploy troops if the internationally recognized government of libya formally requests help the government of National Accord or g. N. A. T. Has been fighting an offensive by rebel forces to unseat Prime Minister face assad raj since april warlord Khalifa Haftar announced his final push to seize the capital earlier this month his forces extended to wednesday a deadline for progovernment forces to withdraw or the ones announcement came after have to forces seized a grenade or flag