Lows fausting with a relief after more than 1hundred points lost in just two days. Investors are getting back into this market and theyre bargain hunting because the bottom line, yes, there is fear about the coronavirus but no one really knows what is going to happen. Weve seen a page from this kind of playbook before. Markets do tend to claw their way back. When ebola was a threat of july 2014 to march of 2016, there was a lot of volatility but the dow only lost half a percent overall. For sars, november 2002 to july 2003 the dow gained. From september 2001 to october october 2002 the dow lost a little more than 17 . You look at history, get a sense how investors reacted to all kind of different events, ebola, sars cases, they say that they tend to be blips, not events that define the market. Major corona headlines breaking today, the cdc confirming 14 cases of coronavirus and a u. S. Soldier in south korea testing positive as well. That is not to say this isnt something to worry abou
Has his work cut out for him. The former ceo Dennis Muilenburg has come under fire for handling of the 737 max crisis. Here is the man that will handle the crisis. Member of board of directors since 2009. Member of Blackstone Private Equity firm. He served as a ceo of nielsen and worked at 26 years with General Electric specifically with transportation and aircraft engines. Muilenburg as you know, critics said under him boeing was too cozy with regulators getting the 737 max plane to market. That the company was not transparent enough after the two crashes. The company says, new Ceo David Calhoun will bring a brand new commitment to communication. Number one is getting the 737 max planes in the air. The company halted production of the plane while it works with the faa to get it recertified. You see them sitting in the Production Facility parking lot in washington. Boeing a dow component. Boeing enjoyed a nice bump on the stock market today, but it hasnt been a great road since march.
Thinks young people could learn from activists of the past. Its friday, december 13th, 2019. Heres todays eye opener, your world in 90 seconds. The committee is in recession. He chose not to consult on a schedule issue of this magnitude . An abrupt ending to a marathon impeachment debate. After hours of arguing about the articles against President Trump, the house judiciary chairman delaying the vote until this morning. Its about us. Its about our constitution. Its about our expectation of what a president of the United States should do. The results of a National Election in britain are in. Boris johnson and his conservatives have scored an overwhelming win. We did it we did it we pulled it off, didnt we new Zealand Military specialists recover bodies from the wild island volcano. Others are still missing. We felt an enormous duty to make sure we brought the family members back. A new report sees more vaping deaths across the United States. According to the cdc, there have now been 52
Interview. That is coming up. To our stop story, billionaire Mike Bloomberg is officially jumping into the race. To Charlie Gasparino, who has been on top of the story. That is a lot of money. Now you have mike on a good friend of my friend greg valentino. I have to watch. I cant wait for that. But in any event. This is a huge story on a number of levels. Mike bloomberg is one of the richest men in america. I think fifth richest, could be wrong. 58 billion. Selfmade man. David wow. New york city mayor. He has upended the race at least for journalists. Now the real question Going Forward, does he upend the race, the real race . I think there are two storylines you will see coming out. One is the bigger one. Does he have impact here . Does he have impact beyond beating the hell out of donald trump, right . A lot of these ads will be saying why trump is unfit for office david he has to get the nomination first. Do they work . Do they work where they get him enough votes where he sneaks in
I could go on and on. Growing china trade uncertainty. Things are getting a little violent right now in hong kong. For next two hours well put it all together. We say boo, you decide whether you still want to buy. See what we did there . Neil boo were down 226 points just like that. Starting off the first day of this problematic month. It is not traditionally the worst month for stocks but more memorable from some of those crashes, crashettes whatever you call them. Im not saying it will end up this way but it is starting out that way and scaring some folks. We have had big drops this month. October of 18 we can remember 1342 hit. In 081525 point hit. We could go on and on. In percentage terms the big one to beat is 25 plus hit in the dow in october of 1929. In 1987 we lost a quarter of the dows value. I only mention that, this is a spooky month. We have a lot of spooky developments were getting into. Not only widening search for subpoenas on capitol hill and people resisting those sub