Lows fausting with a relief after more than 1hundred points lost in just two days. Investors are getting back into this market and theyre bargain hunting because the bottom line, yes, there is fear about the coronavirus but no one really knows what is going to happen. Weve seen a page from this kind of playbook before. Markets do tend to claw their way back. When ebola was a threat of july 2014 to march of 2016, there was a lot of volatility but the dow only lost half a percent overall. For sars, november 2002 to july 2003 the dow gained. From september 2001 to october october 2002 the dow lost a little more than 17 . You look at history, get a sense how investors reacted to all kind of different events, ebola, sars cases, they say that they tend to be blips, not events that define the market. Major corona headlines breaking today, the cdc confirming 14 cases of coronavirus and a u. S. Soldier in south korea testing positive as well. That is not to say this isnt something to worry abou
While futures are off their highs following the release of that complaint but we will still be up about 50 points on the dow, up maybe 4 on the s p, 4. 5 on the nasdaq. We were higher than that before the whistleblower complaint was released. We have come down a little bit but not that much. Look, this is going to be a very big day for politics and of course, for your money. You are going to see Speaker Pelosis news conference. Thats in our 10 00 hour. The speaker owns the impeachment process. She favors quote, a quick, narrow impeachment probe focused on ukraine. Hold on. Theres a great deal happening on the corporate front as well. First off, peloton goes public at 29 a share. This is another big name ipo which is losing money and its facing lawsuits from music stars who want more money for appearing on the peloton workout screen. We will show you the first peloton trade. How about this. An aboutface for mcdonalds. Yes, they are planning a meatless burger. Watch beyond meats stock go
Before the november election. Judge amy Coney Barrett, a historic nomination, that could cement a majority on the court for many, many years. He made the announcement a little while ago in the white house rose garden, nominating judge Coney Barrett to fill the chair left by Justice Ruth Bader ginsburg. He praised her for her intellect, piercing legal analysis, and generous spirit. Amy Coney Barrett will decide cases based on the text of the constitution as written. As amy has said, being a judge takes courage. Youre not there to decide cases as you may prefer. You are there to do your duty and to follow the law wherever it may take you. All right. Lets get some more on the president s choice of judge amy Coney Barrett and where the process heads from here. I want to bring in others. Phil, weve learned some details have already been set aside for senate hearings. Id like you to stand by and get our viewers up to speed on that. Jeremy diamond, youre there at the white house first. I want
Speak with the in coming president of the United States, president elect, joe biden. The only reason they cant speak because of the current president s baseless attempts to prove voter fraud and maybe fear of what life is like of a oneterm president will be like outside the white house. Does not matter what he thinks or feels. It is what hes doing and hes harming this country and the transition to power. Moments ago, usa today released an interview with dr. Fauci. President trump has not said anything. He had nothing on his schedule today, again, nothing. Imagine most of you had a lot oen your schedules today while the president of the United States did not. He spent a good deal of time rage tweeting again. This is the 11th day he has no had anything on his schedule. It is not to say hes not doing anything. Hes finding time to fire people who he does not like. First, mark esper and last night chris krebs who he fired. Krebs worked in security, he would know if the election is secured,
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