Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Good evening, im ari melber, continuing our special coverage of the coronavirus pandemic. Lets begin as we have been with the facts. There are now over 80,000 u. S. Cases here, more than 1,100 people have died. Hospitals in new york city, which is now the formal center of the pandemic in the United States facing a surge of new cases in reports of many dire circumstances. A doctor at emhurts hospital in queens saying the rush there is downright apocalyptic. 13 people dying in a single day there. A hospital in manhattan, mt. Sinai west, had medical workers resorting to using trash bags to protect themselves an serve all those people affect. Ed because of the lack of basic agreement. You see the photographs. Meanwhile, Governor Andrew Cuomo was asked about those reports. He says the supply of equipment may be enough for now. Weve called the individual hospitals. There is no doubt that in the past few days, you know, theres maybe the distribution is a little start and stop. But we have eno
Largely dismissive of concerns about the coronavirus, even suggesting it was a hoax designed to undermine the presidency. Then came the massive testing blunders, local and state officials calling on the federal government for help. Front line medical workers pleading for protective equipment. Now the president is warning up to 240,000 americans will die even in a rosie scenario where everyone stays home as much as possible through the end of april. Today Vice President pence said that the United States is on the same path as italy. Thats not good news. Theyve been ravaged while this disease while being totally locked down for four weeks and counting now. The number of cases in the United States today surged past 200,000. More than 4,500 deaths have now been recorded. Even the rosier models cited by the white house are now predicting the u. S. Health care system will be overrun at least in parts of this country. 93,000 will die. More than 84,000 people will not have access to a hospital