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
Global trade war all of this comes together and says you should probably be selling industrials and autos. I dont think these are just oneday quick trades but do think the response from markets today was very interesting think of the rotation weve had over the last month and think of the reaction weve had in the last three days. It is beginning to build back on, hey, lets take back much of what we lost that is how we appear to be ready to open up tomorrow. The first leg lower in the markets happened when President Trump was in front of the u. N. And talked tough on china, mark and the results from nike this afternoon would probably give some investors some hope that perhaps there are companies that could buck the trend is nikeidiosyncratic. Its been the consumer that has driven the market and the entire world not just the u. S. Is relying on the consumer the consumer has been strong and rye sell yents in the u. S. A lot of these consumer names are still strong a lot of them are hitting
Julius kahn playground. And i was disappointed and angered and, frankly, ashamed to learn that this playground honoured a man who was so hateful, so discriminatory and exclusionary and if it was left up to him, he wouldnt have wanted me playing in that playground and wouldnt have wanted my family here. I implore you to follow suit with the board of supervisors and San Francisco community and rename the playground. I dont personal have any opinions about what the name is, just not named after somebody who represented such racism and hate. Thank you very much. Thank you. Clerk is there any other Public Comment . Commissioner anderson. Thank you, Vice President. I really want to thank everybody for coming out here. I, of course, will support the removal of the name of julius kahn and the young lady who just spoke used a good wore, horrified. When i found out about the history of julius kahn, i felt that sentiment as well. Ive been a district 2 resident for over 25 years. That playground w
Announcer House Speaker nancy pelosi talked about the escalating tensions with iran during her Weekly News Conference at the capital. She also talked about her legislative agenda and the spending cap debt ceiling negotiations and other issues. This is 20 minutes. Speaker pelosi good morning, everyone. Congratulations. Congratulations. A strong win over a championship congressional womens softball. Im very proud of our team, though, from congress. Democrat, republican women, senators and unity in unity. I wasnt asking the credentials of some of those, shall i say, younger players. But you did great. Speaker pelosi at that time, i will be settling the debt at 3 00. Any questions . Reporter the president says iran made a big mistake. How do you think the administration should respond . Speaker pelosi we called the median earlier today the meeting earlier today, thank you for a accommodating that 11 00 accommodating that at 11 00. We have to be strategic about how we protect our interests
Speaker pelosi we are very proud that over the weekend 140 members of the house caucus participated in events across the country. Town halls and press conferences and online and all the rest. Talking about preserving the preexisting conditions, access to Affordable Health care. It was beautiful to behold the stories that people told about their situations. I had one in the bay area. And then in southern california. This was a drumbeat across america which will continue on and a very important issue. It is a health issue. It is also a Financial Security issue. We have to stop the root the president s assault on preexisting conditions. It is remarkable that the Affordable Care act is the law of the land. It is responsible to defend it in court. Hasead, this administration opposed the law of the land. They want to do the Affordable Care act. Including removing the benefit of preexisting conditions. Insurance. Mits on this week we are coming toward the end of the appropriations bills. It i