Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not. The fed, neil, you know this, basically what the fed has done in credit crisis over seven or eight month period t was done within hours this weekend markets reacted in the first 10 seconds. We dropped on the s p 500. We had a 15 minu
Even, this was hovering a little north of 1200. Through crises and noncrises alike gold continued to steady climb you really cant ignore. What is interesting this is spread across a lot of the commodities. Look at silver front, up an additional 2 3s of a percent. Here is eyepopping. Palladium, so crucial in manufacturing processes, futures market close up to 5 . That is alltime high for palladium prices at 2442 an ounce. Well get into that in more detail. One thing for investors to hedge their bets, go into bonds and all, this Development Goes on regardless of crisis mentality of coronavirus virus. Particularly when it comes to gold. Now to pa late yum. Well get into that in a second. As we rifle through big numbers. Susan li on i latest trend producing them. Susan neil, shock across markets. Floodgates according to one analyst because of impact of coronavirus. Apple warning they will not meet sales targets because factories are closed in china because of the coronavirus. Workers are s
Hi, neil, we had the staggering figure of 15,000 new cases in 24hour period, what we saw china do today come out and hold the press conference and they said this is not spreading like wild fire, 99 to have cases are still in china, as you pointed out another big figure today, 5,000 more in last 14 hours, 121 new deaths also in that period. Now china having to implement these wartime control measures in some of the cities, earlier today also finally we have heard from the World Health Organization who said a team would be going to china. Im glad to say that who led joined nation with china is moving forward, we expect the full team to touchdown over the weekend, the mission consists of 12 international and who experts and similar number of National Expert from china. Its expected that there will be some experts also from the u. S. In that team, but still theres criticism of chinas response, one chinese doctor writing a very rare critical letter of the government saying they had failed t
Many more americans. In the event iranians make another bad choice the president will respond in the way he did last week. I know that the efforts that we have taken, not only last week with the strike against soleimani, but strategy we employed saved american lives. Neil what happens next . What are we worried about happens next especially when the iranians are talking about a swift and Immediate Response . Former u. S. Deputy secretary of defense under bush 43, Paul Wolfowitz on all of that. Sir, always good having you. Iran is making it very clear that theyre not going not to respond. How far do you think they push it . What do you think theyre up to . Look i think both sides dont want to see a larger war. I think that will lead to some restraint. But, they keep saying theyre going to respond at time of place of their choosing. Which i suppose is consistent with the idea that revenge is a meal best eaten cold as they say. I think, i think it is very important to keep an eye on iraq
Suite in chicago as well. Police the shooter planned to survive the latest incident. We know he did not. Hillary vaughn in las vegas with latest developments. Hey, hillary. Reporter neil, the police are getting a better idea how paddock prepared for this attack and if he had any other deadly plots in the works. We do now know, as you mentioned, paddock rent ad hotel room with birdseye view of one other major Music Festival in vegas called, life is beautiful. Chicago police are looking into report that paddock booked another room in Blackstone Hotel in chicago, with birdseye view of a Music Festival happening in august, lalapalooza. Were expecting a statement from mayor rahm emanuel. Sheriff lombardo says we do not know if they were dry runs on the deadly attack on sunday night but police have evidence that paddock planned to survive after he gunned down hundreds of innocent people on Festival Grounds behind me. They are trying to figure out if he could have been planning more attacks.