China is the manufacturing workshop of the world and its shrinking, manufacturing, shr k shrinking at its fastest pace ever. This is an astonishing move into the safety of tenyear u. S. Treasuries. At one stage that yield had dropped all the way down to an alltime low of 1. 03 . Right now, we are at 1. 08 . Historically very, very low. The virus is the problem. We do not know how much our economy will slow if large numbers of people are quarantined and people are unwilling to go out and shop and travel and mingle. We have these developments on the virus. Deaths, two deaths in what appears to be a cluster of cases centering on a nursing home in kirkland, washington. Firefighters who went to the home are now quarantined. There are confirmed cases in nine states. Florida has declared a Public Health emergency. Theres this bombshell from iran. A Senior Adviser to the Supreme Leader has died from the virus. Several members of the top leadership are infected. But iran has done little to rest
Super tuesday president ial primaries former Vice President joe biden has won 8 of the 14 states that have voted to pick a Democratic White House contender but his rival Bernie Sanders took the biggest prize california. Lets begin with a detailed look at the numbers with Richelle Carey so what whats the latest its been a big night for joe biden no doubt yes it has and Bernie Sanders is catching up yeah the story of the night does seem to be joe biden the former Vice President falling so he is projected to win lets go through his states right now is projected to win massachusetts all the way over there on the east coast yes that is senator Elizabeth Warrens home state she lost her home state he also secured minnesota that is senator amy closures home state she dropped out of the race a couple of days ago and indorsed joe biden he is also well lets go through the list oklahoma arkansas tennessee alabama North Carolina and virginia what that means is he will get the most delegates from th
Republican Senate Finance committee chair, Chuck Grassley who joins us right now. Thank you for coming. Glad to be with you, neil. Neil what does your gut say how long it could last if it gets to the senate . Chuck schumer is demanding witnesses, wants to speak to mick mulvaney, chief of staff, john bolton, a host of others, where do you think this goes . I dont think there will be any decision on bringing people in for questioning until after we had the Opening Statements by the prosecutors coming from the house of representatives and by the president s response to that, his lawyers responding to that. And then at that point, there might be some debate of that. But i think that the idea is not to prolong this, to give a fair trial and reach a decision based upon well thoughtout testimony for and against the president but not to make it any longer than necessary because the senate has a lot of work to do and, and we want to get to that work. Neil as you know the president seems to be,
Are other powers are there also but i think nobody needs it more than friends and thats where they get with friends places they relate then maybe its a very dangerous standard for them to. Imagine. Probably not. Work out of love with those Companies Facebook a good goal all of them twitter all over this they do pretty well over twitter and the other side but i doubt necessarily love those companies but there are companies you know American Companies i want to tax those governors and im going to tax cut roussel france is going to put a tax on it was totally out of the loop of the just and the idea emmanuelle had a lengthy endless tax those companies where their American Companies are killing people take advantage of American Companies because the value is going to take advantage of the American Companies its going to be us its not going to be france. Or we will tax evasion or. Actually their wines and Everything Else and we have a very very big tax to put on us we have a tax code about
Three categories. Despite tariffs and trade uncertainty business is still optimistic about the outlook. Not a whole lot of evidence of inflation in this report, which is interesting in light what we see of feds inflation page. In new york, manufacturers say input prices at a moderate pace. Selling prices flattened out. Reports of impact of pricing as it relates to tariffs were a bit mixed. Respondents feel like it will take a couple month to shake out to see the evidence there. Now i should note that this report does come before the president decided to enact a new tranche of tariffs on chinese imports that mostly target consumers. So take that as you may but bottom line here manufacturers continue to take it in the chin due to trade uncertainty but the Services Sector right now appears to remain intact. Back to you. Deirdre jennifer, thanks so much. Jennifer schoenberger there. President trump speaking moments ago on the trade tensions with china. The president says china wants to mak