He is going to the cdc. Well talk about the tornado response in a moment. The big Economic News out of the white house though is the shift in approach when it comes to the virus. Tell us about that. Indeed. It came from the top economic advisor. Every month he does these roundrobin interviews with all the financial networks. Kudlow wanted it to be absolutely Crystal Clear with anyone who would listen to him that right now the Trump Administration is considering some economic measures in response to the coronavirus. This is a bit of a 180 especially here. Kudlow also made it clear this wouldnt be some sort of big money dump to the tune of hundreds of billions of dollars. We are not looking at big expensive macro cash rebates, helicopter money from the sky that never works. We want to have this targeted in a timely fashion for those areas that have been hit the worst. You hear him talking about targeted and timely. Ive heard him use that phrase at least a dozen times. He said this is sti
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a
The first time, welcome to those who have been with us since friday. This journey began. Welcome to the philip roth. Unbowed and our weekend long celebration. The life and legacy of novelist and newark native philip roth on the occasion of would have what have been his 90th birthday today in fact would have been philip roths 90th birthday so happy birthday, roth. My name is carey and im a coproducer of the along with jon schreiber, president and ceo of njpac. Rosemary steinbaum, a trustee of the newark public library. Chelsea keyes njpac, director of strategic initiatives. James shapiro, professor of english at columbia university. And bernard schwartz, director of Unterberg Poetry Center at the 92nd street y. Over the course of these past three days, weve been telling a story. On friday, that story was about newark or, as they apparently say here. Newark, one syllable not to a majority minority city whose, cultural, political and economic and triumphs have in many reflected the Greate
Market, you will see it looks like the 10year treasury is sitting just at about 4. 29 . The 2year treasury is below 5 at 4. 99. Last week, the transports did see the worst week since march. If you worry about things like that, the downturn, the russell 2000 broken. The dollar is now looking at its longest winning streak in terms of weeks. Weekly winning streaks since 2015. A lot of things to watch this week. We are watching shares of alibaba, talking about kicking things off, after the company said in the surprise move its Ceo Daniel Zhang planned to step down this month. Stepping down as chairman and ceo of the Cloud Business in june. Alibaba said he was going to be departing as the ceo of Alibaba Group to focus on the cloud unit which the company is spinning off as a separate company. Now the cofounder eddie wu was set to take over from zhang this month. He is now going to be taking over the cloud iunit. Joe tsai will take over alibaba. This raises questions of the spinoff and how un
Back to business in the nations capitol. 241 republicansnd 194 democrats are supposed to tackle top issues that are out there to you guys. Guess what . House republicans made a sneak attack. A controversial move without debate. Donald trump is not happy about it. Well get scoop from peter barnes at russell rotunda at the center of the action. The president elect is in new york after ringing new year in florida, going on a twitter tirade more than just House Republicans. He is on a rampage against General Motors have other Business Leaders ducking for cover. Jeff flock whether his attack on gm is on point or slightly off target. The Company Making a 3 billiondollar bet on next spacex rocket launch. What to expect from the 50th annual consumer electronic show in vegas. Speak preyou view of electronics you will be buying. Charles payne how to turbo charge your 401 k so the money out lives you, not the other way around. Were here on the New York Stock Exchange. Lets start the countdown. Li