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
Today. Our road map begins with Global Growth concerns. China posting the weakest gdp in 27 years aed my fallout from the trade war. Well wrap up the first week of earnings season, two names in focus, coke and American Express, both rallyi ining aheaf the bell. Rick perry set to leave trumps cabinet. He will join us live this hour going to start with that slowdown, china saying the economy grew 6 in q3 from a year ago, believed to be chinas slowest gain in nearly three decades. Markets here largely shrugging it off Industrial Production was up from the prior five to 58. Retail sales up from 75 back to 78 so kind of mixed. This one we can say, look, there is something for everybody. Fed can still cut. But im doing a lot of work on American Express this morning. Consumer is still strong consumer strong, business, corporate spend, as barry said, still a lot of negativity among ceos, extends to the election, negativity extends to china, european woes. Go back to the ibm call, we didnt talk
End up taking away some services i want to know when we start suing European Companies to get back what they steal from our companies. Every time you get a 5 billion charge against an american tech company, lets sue them back which ones . Take s. A. P. Thats the only one they got they basically legislate innovation out of their business in europe. Well dig deeper into this. Its something the markets are focused on you think election cycles end . I think well go through an intense 18 months. Get a week off. Do we get a week . This cycle it will be about bashing tech it wont be about bashing healthca healthcare youre a good outsider looking in you have great oil and gas stuff. Good miners. You will blackberry for a while. That seemed okay you had a little tech. You admire what were able to do down here. Im a huge investor down here i know. I think the biggest trade opportunity in the next five months will be taking u. S. Dollars, converting them to canadian you would have to beloony t do
Allentown, reading the poconos seeing snow throughout the late evening and then by midnight, we slowly see a progression here and some moisture moving on shore from that coastal low philadelphia possibly seeing a few sprinkles. But by 3 00, 4am you see the rain pulling in and with a colder air moving in from the north and west its changing over to snow in philadelphia. Still rain south and east. But the cold takes over everyone changes to light snow britt ends and moves offshore by about 8 00 a. M. But those northwesterly winds will be gusting and it will be a cold day but take look at this by about 11 00 some breaks in the overcast. Especially in the afternoon. Coming weep well talk about the latest snow totals, eagles forecast preview coming up this sunday and another january thaw. But iain, its going to be warmer and its going to be longer this time. You know i like that. Umhmm. Thanks kathy. Meantime preparations are underway for our latest snowstorm and our dave kinchen is on the
Opposite from yesterday. Julie down but not by much. The doubt closed at a record the dow closed at a record but financials the biggest drive. If you look at some of the individual banks, you will see some declines and the 10 year yield we have been watching, as well. It is lower for the six straight session, the longest we have seen going back to february 2016. The decline in yields is pressuring the big bang and financials more broadly. Big bank and financials more broadly. We have a look at the ones we see in the session, inc. Of america, jpmorgan, and even though we had the 10 year yield down by one basis points, it is because the trend is downward we see that pressure on the banks. The talk continues to positive and negative for individual stocks. Time warner is lower after the at t cfo spoke at a wells fargo Conference Today and said that warner isse of time uncertain as talks with u. S. Regulators continue. Time warner is down 3 . Colgatepalmolive is rising on the speculation th