I was already ready for a fun show but you were super charged. A few minutes ago i was listening to you and dan goldman have a conversation when you uttered the words, the my pillow guys soliloquy, words i never thought i would hear in my life. Im deeply appreciative for you kicking it off for us. Have yourself a great game and well talk about the bucs on monday. I will do, ali. Thank you very much, my friend. Thanks, friend. All right. Well, tonight it is a tale of two parties. One is governing and the other it is not clear what the other party is doing. Republicans are destroying themselves from the inside, consumed with feuds over how loyal they can be to a former president who incited an insurrection. And fighting over what actions to not take about the dangerous conspiracyspewing congresswoman Marjorie Taylor greene. Meanwhile, democrats want to pass laws and help americans who are hurting from the pandemic. Today joe biden made it clear he will pass his covid Relief Package with
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
Military doesnt get its main war zones in afghanistan pakistan iraq and syria as named operations the longest war so far in afghanistan and pakistan has had 2 names Operation Enduring freedom designated the 1st phase of war in afghanistan from october 2001 it was designated operation freedoms sentinel on the 1st of january 2015 the war in iraq was designated Operation Iraqi freedom from march 2003 to 31st of august 2010 when it became operation new dawn when the u. S. Began to fight in syria and iraq the war was designated Operation Inherent resolve for ease of understanding the costs are not labeled here by the designation but by major wars and so they keep on changing the name of the war right well we know from sociologists and consumer scientists and marketeer that the most psychoactive word in the human some conscious and conscious mind to get them interested in buying something is new. New and improved right those 2 words trigger a response like oh i might buy something thats new