We are all in it together, good evening, everyone. I am julie haener, working from home. Im frank somerville. It is tough to gauge progress when the numbers continue to go up. The death toll from the coronavirus is now past 10,000 here in the United States and is approaching 11,000. In california, gov. Newsom said that he expects the outbreak will peak in midmay but he also said there are already indications that the hospitalization rate is slowing down. Signs of progress in the fight against the coronavirus in new york. Retail and travel stocks were among the biggest gainers with markets up more than 7 today. And the Prime Minister of Great Britain was put in intensive care at the hospital after his symptoms for coronavirus took a turn for the worst. Boris johnson was diagnosed with coronavirus 10 days ago, the white house is now reaching out to offer assistance. Gov. Newsom said california will be lending 500 ventilators to the National Stock file to help u. S hotspots. At the same t
Welcome you to this global event celebrating the release of the highly revised paperback which means if youve got the hardback by this one too because youre going to want to know whats been changed. Its the addition of jamie metzls highly acclaimed and bestselling book hacking darwin genetic engineering and the future. Until recently a successful book launch involved people and some bad wine perhaps. But now you can eat your favorite food from your refrigerator, your beverage of choice and so this is a lot better and yes, by the way, this is also being carried by cspan welcome everybody from cspan as well. These are unprecedented times and they are unsettling times but theres also some promise in these times if we get our act together. As cosponsors of this great event, this is a time when you can move things. A classic moment in history where things can be shaped for ill or good. We at the Atlantic Council are focused on the good. We have found in our four weeks of telework that its n
Spender. We breakdown numbers from facebook. And tictoc with digital ad dollars producing eyepopping numbers. We will do deeper. But first, the spread of the coronavirus rattled Global Financial markets, bringing them to their lowest level since the financial crisis more than a decade ago. Reporter thats right. Stocks with the worst week since 2008. It started as we saw the coronavirus fears really take over. As we see more investors repatriate their money pulling out of the u. S. Haven assets, of big difference at the close, with the nasdaq turning positive. Tag as a lastminute tech bid for the nasdaq, if you can believe it. Bank stocks have been driving the market, as we see. A big hitter i want to Pay Attention to is apple, apple up us the ceo coming out and saying the coronavirus should not make a huge difference in terms of moving supply chain, but still reading concerned about revenue guidance. This. A divergence from we have seen this as the supply chain really gets hit in south
That all seems to have stablized. Neil think about this, jpmorgan put together a year most successful for any bank ever in history. Any bank ever in history. Fox news contributor john layfield. Point view Wealth Management president , david dietze. Welcome to both of you. It is a split verdict. Wells fargo had other problems that disappointed the street. By and large were expecting financials to lead the way. They have done that. David, is it your sense that, you know, wells fargo is more an outlyer here . Absolutely. Wells fargo had to put aside billions for legal and regulatory issues. Theyre still trying to climb back out of the fake account scandal. That really pulled down the results dramatically. Of course theyre having to deal with some client defections and so forth as people lost a little bit of confidence in the bank. Jpmorgan, citigroup doesnt have the problems and they knocked the cover off the ball in q4. Neil how would you advice people if these markets, john layfield, 29
Know that that can hurt them as it has but they also know that it hurts mr trumps reelection bid because it hurts manufacturing farmers and others so the bit bottom line is its a theater driven by the calculus mr trumps calculus how much does the theater gain me and the how much does the theater lose me and what every resigned this coming week it will be overwhelmed by how that calculus shifts between now and election day next nor the november but if the chinese side decides to sign something that they simply cant deliver on because these are impossible benchmarks to fulfill all of us we said then wouldnt it just be a question of if not when then like how chinese will default in the socalled agreements. I think this is a bit more complicated the chinese understand that they get some real immediate advantages tariffs that were set to go into effect wall now thats been agreed to tariffs that were imposed in september are going to be either eliminated or removed its still true that half o