Coronavirus fearing weighs on the market, surpassing 100,000 worldwide. We are expecting a briefing from Vice President mike pence a bit hear this evening. Though that survey was conducted in the middle of february before the outbreak took hold in the u. S. In just a few moments well talk about russ cost rich he says the u. S. Consumer remains strong and where he is putting to work now. Dan, what are you doing . Not a whole heck of a lot week on week, there was a bit of optimism. As investors star thinking about how to allocate towards equities visibility will be the big point. I think i dont think were going to get that anytime soon right now. That was the low for this move you had a strong reversal off of that we set ourselves up for a powerful rally, but most of that snsht has dissipated, so some say you will have to retest the low, and were doing it right now on a relatively tenuous way, so i still think, given the stress in credit markets, stocks are not yet convincingly saying we
Quarter. The Second Quarter is probably going to be weak. In fact, in the view of many, output declining output lower in the Second Quarter than in the First Quarter. After that, its very hard to say how big the effects will be or how long they will last thats going to depend, of course, on how widely the virus spreads, which is something that is highly uncertain and i would say in fact unknowable jim, so its just you and me today. Lets start broad. Get your thoughts on the last 72 hours. What are you thinking right now . I think that the one thing i was very worried about in the 2007 and the 2009 issue, could i take out 50,000 from Jpmorgan Bank because i was concerned. And i took it out. I took money out of a lot of Different Bank accounts. This time im not. What was the purpose of last night . Theres a lot of things. The purpose of last night was to make sure you didnt take money out of the bank because you didnt trust the system. You dont have to bury it. That was important now the
There is a little bit of a downside on the stoxx 600. Eurodollar, little bit of an improvement there. Coming up on bloomberg surveillance, we talk european growth. To our man from jpmorgan. Then we talked to teri haynes. Of the get a preview state of the Union Address. A lets get to the bloomberg first world news. Nejra the house of representatives has committee has voted to get clearance to release a republican memo. It alleges bias. Say thetive republicans investigation to come in ties to the white house are under false pretenses. For the first time the 10 years or so i have been on the committee, there is a vote to politicize the declassification process of intelligence. That would could potentially copper my sources and methods. The u. S. Secretary has announced a list of oligarchs in russia with ties to vladimir putin. It includes 96 oligarchs. Willmed will not all not automatically face in the sanctions of inclusion may cause banks not to do business with them. There is fragility
30 second tease 15 seconds ahead today. Cooler. Mostly cloudy. Scattered light rain showers in the morning. Highs in the mid 50s. Northwest winds 5 to 15 mph. Chance of showers 30 percent. Tonight. Colder. Partly cloudy. Lows in the upper 30s. North winds 5 to 15 mph. Wednesday. Sunny. Highs in the lower 50s. Northwest winds 5 to 10 mph. Wednesday night. Clear. Lows in the upper 30s. West winds 5 to 15 mph. Thursday. Sunny. Highs around 60. Southwest winds 10 to 20 mph. Thursday night. Mostly clear. Lows in the lower 40s. Veterans day. Mostly sunny. Cooler. Highs in the upper 40s. 3 roads are in great shape this morningweather should not impact the morning drive. Drivers take note that the water st. Bridge leading into the Historic Third Ward is now closed until december 16th 2016. The bridge will undergo some upgrades to its locking system. Drivers should use alternates to get around this closure. Good news if you travel between the hale and zoo interchanges for the morning commute. T
Wyff 4 mobile app, including jeb bush in Spartanburg Greenville , and central. Marco rubio is set to be in clemson. Geoff polls open tomorrow in the gop primary. Allyson donald trump is taking things to a new level, taking on the pope. Nikole killion joins us live from our exclusive washington newsroom with more. Nikole good morning. Donald trump initially dismissed the popes criticism as disgraceful, but now he is softening his stance. He defended his proposal to build the wall at the u. S. Mexico border, something the pope says is not christian. They have their own bickering battle at their town hall on nbc on msnbc. Bernie sanders is now leading democratic nomination, 47 to 44 , but others keep Hillary Clinton in the league. Allyson Hillary Clinton may be getting another key endorsement. Can you tell us who . Nikole we understand that this man jim clyburn is expected to endorse Hillary Clinton later today. That will be a key endorsement ahead of the primary, considering he is the st