Cases in south korea, with death toll there rising as well and also in iran, and kuwait, and afghanistan and bahrain getting hit, trump tweeting out stocks have digested the news up until now, what was it about todays news causing that slide. When you hear that chinas home sales are down 90 yearoveryear, adidas, business in china, 85 down. You see pictures of airplanes flying to milan and confirmed with 8 people onboard, and they shut down festivals in venice, then you hear about other countries. It tends to feed on its. But i want to be clear about something, at the highs last week in 14 months. The nasdaq was about 58 . And dow up 36 . That is like 5 years of gains, so, the market is supposed to be two steps up one step down, not 5 steps up no step down, i think it will happen no matter what. But this is happening because of this. Events. Chinas economy of already hurting before the coronavirus emerged. And i think what is i think it is bigger david than just the coronavirus, i think
Public. Bottoms way up. In our rising costs series we take you from barley farms to bars to find out why alcohol prices have drinkers o over a barrel. All of this for a penny of beer . A penny of beer. Its tuesday, february 18th, 2019. Heres todays eye opener. Boy scouts of america is facing mounting legal costs from defending itself agaist lawsuits alleging sexual abuse. The boy scouts of america files for bankruptcy. We know there are thousands of perpetrators in scouts. The enormity of the problem is finally coming to light. [ cheers ] Michael Bloomberg will appear on tomorrows debate stage in nevada. Hes just been doing events and avoiding the press. Tomorrow nights going to be exciting now. Reporter it will be another two weeks of fear for more than 300 quarantined americans possibly infected with coronavirus. We have had no food this morning. Were starting to get cranky. Reporter mississippi flooding forced hundreds of people to flee their homes. More rain is in the forecast, and
B. A. R. T. , Good Samaritan was stabbed to death. Police say it appears a passenger stepped in to help a man harassed about his shoes. Led to stabbing as other passengers watched in horror. Jean elle is in hayward with details. Reporter b. A. R. T. Police say the suspect stand a man to death on board the train and ran out of south hayward into the neighborhood and witnesses say they saw him try to steal two cars. With bags of evidence in hand whether a Good Samaritan tried to stop suspect from stealingnother passengers shoes and ended up in deadly fight. Continued to hayward at which point a knife was introduced into the fight. Reporter police found the man stabbed to death. This is video of shirtless suspect. Nearby car dealership tried to steal a car twice. Employee fought him off both cymes. Grabbed himt. Get out of the car. Hit him once, going back this way. Reporter b. A. R. T. Passengers dont feel safe. People you see getting into b. A. R. T. , squeeze through the gates. Not ful
Were talking ever. That and much more on making money. Charles democratic president ial candidate Bernie Sanders reaffirming his stance that if you make more than 29,000 a year youre going to be paying more taxes to pay for the universal health care plan. Take a listen. What we will do, is have a 4 tax on income exempting the first 29,000. [applause] all right. Youre better at arithmetic than i am. Because what that means, if you are that average family in the middle, who makes 60,000 a year, well tax you on 31,000 at 4 . Charles man the guy is so generous. Not only does this sound unfair, i think will destroy our economy just as the middle class is beginning feel great about ourselves. Not talking about opinion polls. Talking about real life. Those same folks bernie wants to tax, theyre out there, spending money, creating jobs. Three retailers you know, great proxies for the middle class not only reported earnings. They beat wall street and raised guidance for the rest of the year. It
Pulled off in germany. But first, a possible thanksgiving truce on trade. The two deals on the table are moving closer to resolutions. As you can see the markets are happy. President trump saying the u. S. Is in the final throes of reaching a trade deal with china, while mexico says Speaker Pelosi will hold a usmca vote between thanksgiving and the end of november. Edward lawrence has the very latest on the tray front to capitol hill. Sounds likes mexico knows more about this than we do. Reporter david, not a vote. She says she will get the agreement between thanksgiving and the end of november but House Speaker nancy pelosi clearly feeling the pressure. She did release this statement now saying that, quote, we are within range of a substantially improved agreement for americas workers. Now we need to see progress in writing from u. S. Trade representative for final review, using the words, final review there. Mexicos chief negotiator was told by the House Speaker he says, that she sho