Fired for not properly performing their duties during this outbreak. And for all of this were joined by boom bust cohost christiane who is joining us once again from Los Angeles Christy thank you so much for joining us today. Christy after record highs on wednesday the 3 major benchmarks here in the u. S. The dow the s. And p. And the nasdaq all took early losses before kind of stabilizing in the afternoon and just taking you know fractions of a percent off but at this point do american markets actually have any idea how to react to what is going on with the quote a virus. Well at this point i think you just pointed out the markets really dont know how to react because dont forget today midday we did hit all the new 52 week highs again in the s. N. P. 500 so at this point the bank of markets equity markets know that no matter what happens the central bank is going to be ready to bail it out so the good the bad news is good news narrative is still very much intact so in times like these
Earlier this week we actually had an opportunity to speak with one. Out of beijing and he spoke about what is being done to make sure this doesnt have a lasting impact. In fact im just c. P. B. O. C. Chinas central bank injecting one trillion yuan or 170. 00 around 170000000000. 00 u. S. Dollars into the market to boost the could be making lending easier and if sars is of any indication remember when sars was rampant in china in 2003 the chinese economy went from 11 percent in the 1st quarter. To 9 percent in the 2nd quarter but when the epidemic was contained the growth rate bounced back to 10 percent and that grades continued for the subsequent weeks quaters and years kristie what do you actually make of this analysis from. I think what he says is absolutely correct that if once this entire virus is contained china actually rebound in a very strong way because lets lets face it there is no other nation in the world who is as good as mobilized nation in terms of getting the personnel
Much to get to on this very busy day so lets get started. And we begin with a huge new surge of over 15000 new coronavirus cases reported on just wednesday alone and that news was enough for chinas leadership to oust 2 communist Party Leaders in the who by province in the center of the outbreak the news of those new infections means that indications that the virus was beginning to taper off thats what so many had hoped for is simply not accurate and when it comes to markets they reacted markets down today thanks to concerns that the worst is actually not behind us after all and that Chinas Health commission has reported more than 1300 deaths and now more than 60000 infections aside from the 2 Party Officials who have been ousted in china hundreds of other officials have been paralyzed and dozens were fired for not properly performing their duties during this outbreak. And for more on all of this were joined by boom bust cohosts christiane who is joining us once again from Los Angeles C
President trump holds a keep America Great rally in toledo, ohio. Watch live this evening on cspan 2, online at cspan. Org, or listen live with the cspan radio app. Next, a panel of political analysts on their predictions for iowas first in the nation president ial caucuses. This was held in des moines. Id like to have everybody take their seats, please. And id also like to reconvene our Panel Discussion on the history and handicap in the 2020 Iowa Caucuses. We had a great discussion in the first hour about the history of these events. We may come back to some of the themes we were talking about there. But in this hour, i want our scholars to focus on the current caucus race and how they see the race unfolding, whos ahead, whos behind. To aid in that discussion im going to report we have breaking news. Cbs poll just out has sanders at 23, biden at 23, buttigieg at 23, warren at 16, and klobuchar at 7. So, details at 6 00. Thats iowa . No, cbs news. But the state. Iowa, yes. Thats the r
The competition for top scientist. Here is todays eye opener, your world in 90 seconds. We have the most significant wind events in los angeles of the year. Wind gusts up to 60 or 70 Miles Per Hour. It does take one downwind to start another brush fire. Everybody is just on edge. Everybody is worried. Lieutenant vindman providing the strongest testimony yet. Boeings ceo was grilled over the 737 max crash. I would walk before i get on the max. I heard a hit and you got this loud noise that shook all the houses. Juul is hitting a lawsuit, about a million pause. In denver, theyre dealing with record cold. Snow storm there brought schools and traffic to a halt. Winner take as take all game. All that matters. At the white house. The annual halloween celebration went on. Things got weird when they started handling out candy. It was a cute minion. Rather than putting the candy bar, trump just puts it on his head. What is going on here . On cbs this morning. Nancy pelosi announced the house wi