Seen. By the people we believe are. Indeed hi there welcome my names kevin lowe in here at the Arts International worldview center this 30 minute live update as we bring you all the headlines and all the information as we find out about it and as the fallout from the corona virus continues to sink in it seems tonight that contingency plans are not stopping Financial Markets from plunging Worldwide Americas dow jones index has dropped another 10 percent within moments of wall street opening up on monday earlier discussed was driving markets to the what looks like at the moment brink of collapse with our Senior Correspondent more ghastly of. Well theres only one way this is going and it is going down look at yourself in a matter of weeks the Dow Jones Industrial average this is this is an average of many major corporations so an index of their stocks the average it is plunged to levels that we saw that the world was out in 2070 so over the course of a few weeks weve raced all economic pr
Member for his longtime friend ship and partnership in this issue. Also want to thank the members of the cdc and Senior State Department officials for taking the time to come up here. Obviously, this is a very timely subject. This is our second hearing. A couple weeks ago we had the first hearing in congress on coronavirus, and this will be my second hearing. I think about this issue based on my background as a physician, but more importantly, as the former chief medical officer for Sacramento County who is in charge of the Public Health Delivery System there. And as a faculty member, my last Home Institution was the university of california davis, school of medicine. The reason why i give that background is last night it became personal for me because its hitting close to home. The first Novel Coronavirus case potentially person to person, nontransmission is in Sacramento County as we speak. That patient is housed at uc davis. I have been in communication with my former colleagues tha
Johnson and his conservative landslide win has a democrats nervous about a potential landslide loss in 2020, british voters delivering a smashing defeat for laborers who ran as a democrat socialist and the british people voted for capitalism for freedom, sovereignty and a mandate to get out of the eu and global stock reacted positively to this. Socialism losing in america, we have the update and the data the bluecollar workingclass voters who do not believe the hard left that capitalism oppresses the working class. They are switching allegiances to the republican party. Impeachment, now backfiring, not moving Public Opinion and showing democrats failing to prove their case. Nervous, vulnerable House Democrats now counting legislative winds, not talking impeachment back home. Tonight the debate, nancy pelosi reveals the push to get rid of President Trump starting three years ago. Without any high crimes and misdemeanors proven. Any Bipartisan Senate push is the reigning and to report on
Weakest number in 17 years. This is below that number. Retail sales also weaker than expected. The expectation was for 7. 9. You are looking at 7. 5 year on year for august. Again, below the july number as well. In terms of fixed asset investment, we are focused on the private sector and estate sector, also missing the surveys. 5. 5 . The survey had 5. 7 . So this is pretty weak data. In terms of retail data, we have seen month on month auto sales for example, a big component and retail sales, falling almost double digits. In terms of Industrial Production you have seen the impact of tariffs, but this awes this august that it doesnt account for the additional tariffs in september so that will be a further drag. Domestically you have weak demand as well. Investment, some economists suspected a step up in terms of local governance and the issue of special bonds to fuel additional estate sector investments. It doesnt look like that has spread through. Across the board this is a miss. In,
Economy. Contrasting fortunes. Jp morgan cuts its fullyear forecast. Goldman sachs revenue bucks wall street trend. Shery later in Bloomberg Technology global link, we will be talking about the showdowns in washington facing Silicon Valley. Lets get a quick check of how the markets closed in the u. S. Regulatory scrutiny in congress being felt across the market as tech stocks underperformed in todays session with the s p 500 now holding the fiveday rally. We had President Trumps comments on tariffs dampening sentiments as well. Tech giants took a hit. We had Energy Producers leading some of those declines as we continue to see the selloff in oil markets. We had u. S. Bank earnings. They little bit mixed. Goldman sachs managed to jump after beating the unit. We had some strong data out of the u. S. When it came to retail sales. That sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. That led to the yield l