Are in terms of the economy, the backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optim
The backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optimism lately with the resolutio
Are in terms of the economy, the backdrop in this market. We had down week but we had record highs going into this week because the economy seems okay what he think . I think the expectations for the worldwide economy are coming down a little bit with the virus scares. Its not so much the people, investors thinking were headed for some terrible Global Pandemic but business disruption in china. People from other countries running parts from china, that has been a damper on things so thats gonna cut into earnings you expect . Take china out for the First Quarter, no flights going inandout, shortages, look what apple just did in terms of what they are expecting, thats going to hit the u. S. Thats going to hit u. S. Companies in the First Quarter and for the year. So keep in mind, we are now paying, investors in u. S. Stocks we are paying quite a bit more for a dollar of earnings than we did year ago. So that has to be based on some optimism about the future i think weve got a lot of optim
Since the 2008 financial crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what President Trumps focus on now. President trump responses been to offer help to president xi, he has not accepted. He did permit the World Health Organization to send a team at their access was restricted. And now the who in geneva admitted yesterday that key data they need about how healthcare workers are infected, means of transmission, have not been provided by china. This is not something that is evil or mean, its part of chinas overall strategy that weve seen the last t
Things investors should be thinking about right now. Coronavirus feared have a Market Correction what to expect them here. Some stayathome stocks held up better during the storm, with got the nays and whats ahead. And bob stepped down at disney, why it makes sense the themepark has take the helm. Ben levisohn, jack hough, you dont need us to tell you its an ugly week on wall street heres a rescan s p 500 plunged into correction territory down 11. 5 for the week that makes february at the worst month of the market since the great recession. Treasury years fell to their lowest yield ever with attend yield on trade year yield low but the recent Market Action perspective. Longterm investors have had a wonderful decade since the market in 2009 stocks have delivered a total return of 448 . Ben, what should make of all this . See necklace talk recession. Do we have to . Profanity right out of the gate. Around a year ago thats been very reliable recession signal. The fed went ahead and did the