Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financial Markets are overreacting heres how the president responded. I think the Financial Markets are very upset when they look at the democrat candidates standing on that stage making fools out of themselves and they say if we ever have a president like this. Did it have to do with the coronavirus . I think it did, i think it did. But i think you can add quite a bit of selloff to what theyre seeing. How much of that explains today, jim i think that the most overshadowing thing is what happened right
The senate live here on cspan2. Next, a look at the challenges of caring for Senior Citizens with caregivers testifying on the lack of affordable longterm care for the elderly. [inaudible conversations] [inaudible conversations] would members and their guests please take their seats . Ways and Means Committee will come to order. Good morning and welcome. We are here to discuss a difficult issue that confronts nearly every family in our nation, and that is how to care for our loved ones as they age. It is certainly appropriate that we work to address this matter or in november, which is alzheimers Awareness Month and u. S. National Family Caregivers month. It is a deeply personal issue for many of us in the room, and for those who havent personally struggled to insure an older relative receives the care they need, you most certainly know someone in your life who has. Navigating a fragmented and insufficient longterm care system can be not only confusing and emotionally taxing, but also
[indiscriminate chatter] rep. Neal will members and their guests please take their seats . The ways and Means Committee will come to order. That morning and welcome. We are here to discuss a difficult issue that confronts nearly every family in our nation and that is how to care for our loved ones as they age. It is certainly appropriate that we work to address this matter in november which is alzheimers Awareness Month and u. S. National family caregivers month. It is a deeply personal issue for many of us in the room, for those of us who have not personally struggle to ensure an older relative receive the care they need, you most certainly know someone in your life who has. Fragmented and insufficient longterm care system not only be confusing and emotionally taxing but also enormously expensive, indeed, even unaffordable. Inhome careock costs about 180,000 a year, it costs over 80,000 a year to live in a nursing home and assisted living causes 43,000 a year. These high prices certai
President trump urged his former secretary of state to help the clients of lawyer rudy giuliani. Syria. Of airstrikes in u. S. Senators lead the growing criticism threatening sanctions in response. Shery lets get you started with a quick check of markets appeared u. S. Futures being pressured right now, down 1. 2 after that South China Morning Post report that there was no progress made between deputy level talks between the u. S. And china. We have seen stocks pair back some of those earlier gains in the regular session in the afternoon as we have gotten another report saying that china is trying to play down expectations of progress. The s p 500 managed to end the session higher after two sessions of losses, gained. 9 . We have cap and Energy Leading the gains tech and Energy Leading the gains. Members showing a little bit more worry and concern over the growing gap between Market Expectations on easing and their own projections. To the u. S. Turning cpi numbers out tomorrow. Lets se
After a rough day where the dow tumbled 314 points, s p plunged 1. 56 , and the nasdaq plummeted 1. 67 , i think the problems simple a list of stocks that are working seems to grow smaller by the day. Isnt that what it feels like . We have fewer stocks that are safe to own and more that are down right toxic as we saw near the end of the day when the bears crushed the bulls toward antichina fueled trading. Today felt like a vicious pro Football Game where the quarterback was under pressure all day and succumbed in the Fourth Quarter in football, a quarterback tries to do a check down, looking to receivers for the best opportunities down field sometimes the Wide Receivers are wide open. Sometimes the qb has to thread the needle to hit a receiver, a slant pattern. Other times, times like today, the bears are swarming, and its like a jailbreak as they head toward the quarterback if he doesnt get rid of the ball in time, hes likely to be sacked, perhaps for a big loss or a fumble or even an