Afternoon watching out international was sent in through the top of the hour here because we brought you that very important shot with a christian have france and just now theres another big bit of news is coming this afternoon as well let me tell you about that next the former egyptian president Hosni Mubarak has died at the age of 91 after a long period of illness the countrys 4th head of state ruled for 30 years until he was deposed very publicly joining the arab spring protests that erupted in cairo in early 27 our correspondent middle east correspondent. Is joining us now and appalled as mentioned last hour when this news came in i was telling our viewers here in egypt for us when the arab spring uprisings began talk us through Hosni Mubaraks life and legacy. Well thats correct i spent countless hours reporting from taqiyya square in february 2011 in the early stages of the arab spring the jefferson revolution and then some time of in the years that funded and i remember in those
All across the east. Not much of a bounce back as of right now. Lets bring you up to speed on the flight to safety, gold has retreated to the tune of 23 an ounce now are well shy of 1700. But the yield on the ten year treasury, that remains stubbornly near its lows. That indicates the move into safe u. S. Bonds remain intact, 136 on the tenure right now. Move on to politics, the democrats debate tonight right before 7 00 p. M. , at the South Carolina primary, Bernie Sanders will be attacked. Especially after he doubled down on his admiration for fidel castro. Also crunch time for Mike Bloomberg, he can show he could debate, and joe biden has got to show hes up for the fight ahead. As usual in the hectic times, a big show on the way for you, and a moment you will see the president go after cnn, what a putdown it was. Varney company is about to begin. How can you justify to their American People have an acting dean i would note intelligent. First of all i want no help from any country an
The pullback overblown . A change at disney. Bob chapek becomes ceo immediately. Bob iger will remain chair and continue to direct creative endeavors. Another bloody day in the markets on the back of more bad news on the coronavirus. Watching the edge of another cliff. No surprises for how we are set up for this wednesday trading day. New zealand already off by almost 2 futures. Here in sydney, poised for another drop. Asx off this week. A couple of things to watch out for when we do get going, Virgin Australia announced a firsthalf loss of 97 million. We are also expecting rio tinto earnings after the close. Nikkei futures off about 1 5 of 1 . A quick look at the currencies. The aussie dollar did briefly dip below . 66. It is just holding on above that level them. The yen continuing to strengthen. A little bit of a rebound but not much in the 10 year as well. The u. S. Centers for Disease Control and prevention is warning americans to prepare for the coronaVirus Outbreak at home. It i
Reported there on thursday. H hokkaidos governor says the man who died had preexisting conditions. Translator the patient was more susceptible to respiratory problems compared to healthy people. Officials say two of the 15 new cases are children under ten years of age. The latest cases bring the number of confirmed infections in hokkaido to 54, the most in japan. All elementary and junior high schools in the prefecture will be closed for about a week. Infected people there include students, a teacher, and a school bus driver. Meanwhile, Health Officials in the western prefecture of osaka revealed a woman in her 40s has tested positive for the coronavirus for a second time. Translator this is a case that hasnt happened anywhere in the country. A person tested positive, then was cleared, and tested negative, and eventually tested positive again. The patient is a tour guide. She led a bus with visitors from wuhan china, the city at the center of the outbreak last month. She was later diag
The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc