Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Although now, we look back and say it is so obvious, at the time there was nothing obvious about it. It could have ended up being nothing, but as it worked out and turned out to be a very significant event. Im very happy i did have the opportunity. Host whod you know among the earliest recruits . Were some of your friends recruited . Ms. Winebanks yes. Wasirst boss, charles ross, one of my colleagues. He was on the Campaign Contribution team. In terms of the coverup up, i did not know anyone when i first started. After the number of years of 24 hour days, seven days a week, i know them all very, very well. Host tell us about the state of the case. It was a long time ago. The you started your job, assistant attorney, assistant u. S. Attorneys were working what was the state of the case . Do you remember . Ms. Winebanks there really was not much when we took over, but the hearings had started and john dean was soon to testify, shortly after we were formed, he testified. And his testimony
Connection, thats part of the chinese state. The United States is the number one largest for the economy and china is number two, and they are fighting each other, and therell be damage to global trading. Connell but trades only the tip of the iceberg. The real question is this are we in this together or going our separate ways . Chinas now in the hunt for new markets. You see that with things like belt anded road, part of an Economic Initiative to reach them into that billion market. Connell the next moves are crucial, and this is the challenge of china. Connell so for the United States to challenge presented by china is about much more than headlines generated during a trade war. Im Connell Mcshane. Over the next hour were going beyond tariffs to bring you a unique look at the clash of cultures and beliefs thatll shape the direction of the Global Economy for decades to come. Much of our conversation will happen here in new york, but well also take you to chinas capital city, beijing,
Worth 123 billion. Hes up 6 billion overnight. Look at apple, it posted the best quarterly profit of any company in history, it now has the largest cash pile in history. 285. 1 billion. That. 1 is a hundred million dollars. Apple is now down two bucks. How about that . Next case, 200,000 new jobs in january, i will call it solid. Listen to this, wages up nearly 3 in the last year. Thats a definite improvement. This comes after a remarkable forecast from the Federal Reserve bank in atlanta. It expects Economic Growth at annual rate of 5. 4 . Yeah. Deep breath, ashley. How about that . Politics dominated by the memo. We are waiting for it. When its released, here is what to look for. Simple question, was a document paid for by the clinton president ial campaign used as excuse to spy on the president ial campaign of donald trump, thats what its all about. That question will be answered, we think, by the end of the day, yes, it is a very big day. Varney company is about to begin. Stuart al
Didnt like the play. I know this this just from that formation that lined up in, jim. Detroits defense was all lined up there. They were going to make it tough on whatever it was, run or a quick pass. They were not going to give them an easy completion. Jim well, if you fail here and detroit takes over at that point on the field, even if the lions scored a touchdown, got the extra point, it would still be a twoscore game. Phil thats right. But 3014, two scores, two, twopoint conversions. Jim same pass to cobb. Shakes off the hit. Cobb out of bounds at the 41. Phil wow. Probably one of the first passes they install every year is this play. Randall cobb in the slot. Breaks out. Jim goes for 16. Cobbs first catch of the night. Phil mike mccarthy, you better get out of the way. Jim another throw over to cobb. And hes out of bounds after a short gain. Thats diggs on the hit. Lets go down to tracy. Tracy jim, you mentioned eddie yards. Weve seen james starks and even the rookie John Crockett