What he said thats like an experiment thats never happened in Human History the rates of p. T. S. D. About time in 2001 presents the present and we are now starting to see the effects of the iraq and Afghanistan War such as captains taking their own lives people with really good pensions with no reason whatsoever on paper saw it for the rest of their life in a sense of having a good pension taking their own lives. They coronavirus us rock markets across the globe with massive losses being witnessed should we expect worse our business show boom bust brown did. The. Markets are rebounding after the worst week into a week in a decade this is the one business show you cant afford to miss branch of war and im christiane washington coming up now on more cases of the coronavirus being applied to al fun time than inside the country breaking down and have a party tell you whats going on in the u. S. And Chinese Markets are on the rebound but the Manufacturing Sector has taken a hand to the fire it will break down the recovery effort plus some of the outbreak ticktock has played a major role in Popular Culture but now the platform is playing a key role in Global Health efforts well fill you in so much to get to on a very busy day so lets get started. The number of confirmed cases of the crowed a virus has increased more quickly outside of china than inside the country over the past week. And yesterday china reported 206 cases of 19. 22nd jonah what 8 only 8 cases were reported outside wholl be cool beans used to do. Outside china a total of 8769. 00 cases of 19 have been reported to. 61 countries the if you dont mix in the republic of. Korea italy. And japan out of religious concern. With the largest number of cases outside of china south korea has reported 26. 00 deaths with nearly 4500. 00 total cases and according to iranian officials deaths in the country due to the virus have risen to 66 on monday new cases of the virus in italy alone and jumped by 50 percent the totality did the total number of people who are currently infected with coronaviruses 1577 of those 798 equal to pick you want percent of total foreign home isolation so they had no symptoms are asymptomatic or absolutely mild very mild symptoms so there is no need for hospital treatment 139 are hospitalized with symptoms of 41 percent of the total and 140. 00 people equal to 9 percent of which 106. 00 in liberty are in intensive care the European Union commented on the situation announcing them on monday the risk level from the virus has risen. He c. D. C. Has announced today that the risk level has risen from moderate to high people in the European Union another with the virus continues to sprint worldwide there are now more than 90000 cases of the virus with just over 3000 deaths now we should know however more than half of the individuals who have reportedly been infected have recovered meanwhile here in the u. S. Officials are reporting 6 fatalities related to the virus and the 1st contraction in the countrys largest city r. T. Correspondent Trinity Chavez has the latest. The 1st case of the corona virus confirmed here in new york the patient a woman in her thirtys who contract of the virus after traveling abroad in iran and although with the 1st confirmed case here in new york Officials Say its not the last today concern is growing as the number of coronavirus cases across the country continues to rise seattle area officials now confirming 4 new patients have died from coded 19 bringing the total number of deaths in the u. S. To 6 this as new york officials confirmed the 1st case of cold in 1000 in new york city the patient a 39 year old Health Care Worker who was self quarantined in her manhattan apartment contracting the virus after traveling to iran there is no doubt that there will be more cases where we find people who test positive for Washington State currently has 18 cases 14 of which are in king county where a nursing facility is now suspected of being the site of americas 1st outbreak of the new coronavirus washington now in a state of emergency or in the beginning stages of our investigation and new details and information will emerge over the next days and weeks and while rhode island and florida are also reporting cases the number of patients are growing in california and illinois now at least 95 cases in the u. S. And more than 80 9000. 00 cases worldwide now travelers entering the United States are facing new protocols all this as u. S. Officials are increasing the travel advisory for italy and south korea to a level 4 which is the highest level now many are wondering if officials are going to place a travel advisory on Domestic Travel as well to stop the spread of this deadly virus reporting for boom bust trinity charges are taking. The rumors of an emergency rate cut have grown louder as bloomberg reports the fed is now prepared to reduce Interest Rates later this month Goldman Sachs sees reductions tolling 50 bit by march 18th coming in tandem with cuts from the euro area canada and the u. K. We should point out that the last. Time and emergency cut was delivered and in tandem was in january of 2008 the bare hope of a rate cut is giving the markets a boost as we popped up this morning up over 3 percent following the steep losses last week in spite of the horrible China Economic data reported where many factory activity came in at the weakest level ever both china and the u. S. Traded on monday as traders have been conditioned to buy on any weakness the shanghai composite closed up more than 3 percent on talk of opec supply cuts as factories start getting back to work japan stepped up as well with the b. O. J. Aggressively by 926 1000000. 00 worth a record amount worth of japanese stock e. T. F. On monday to stabilize the market amid all the debt buying treasury yields are massively lower on the day as the 10 year hit a record low of 1. 03 percent and gold caught a bid rebounding back above 600. And here to give us their take on the Market Outlook and how things are shaping up we bring in todd horwitz chief strategist of baba trey and t. J. Walk ins director of stock trading so lets start off with you the last time we seen this coordinated central bank after it was in 2008 but thats still wasnt enough to hold back the correction and then subsequently the rest session so will this just be a repeat is it still too little too late. They are more than a dead kid today i think you already saw the fed has started to panic when they came out friday afternoon and said that everythings ok you know every time something tells me that everythings ok that means its probably not youre going to probably cut 25. 00 to 50. 00 basis points and its not going to be enough the markets are still overvalued and overseeing today is a giant dead good phone service they say a repair phase of really this should probably fade and we will see a lower price once again i still think well take out the lows of last week and probably lower than that nothing has changed from the data you know of the bad made it back to the bad numbers that are out there so again weve got a lot of. Issues here and the fed is trying to catch up which is always the case they always run behind which is why they always screwed up and now i want to follow up on that will cutting rates even do anything it wont help to insulate the us economy from the negative effects of the outbreak and we just saw now the effects its had on the chinese economy and how much that cost them is the u. S. Prepared for the outbreak to hit. Well i think the u. S. Is going to be somewhat prepared and the rate cut is only making dollars cheaper which means it will benefit the very wealthy it will not benefit their rich guy on the street the average business will not have any benefit from these already because they have no access to him so its really more of a a a mirage that you see when these rates get lower the endgame is is that the fed can afford to lower rates because of the worldwide and were borrowing that money so we could pay less is still attract a lot of cash to borrow from them so i think that would be the only logic behind it but there are actually as usual youre panicking when its well too late into the system all right now 2 g. Futures are implying a full 50 basis point cut by the u. S. Fed but that seems really aggressive given drone policy reluctance and whats going to happen if the market only gets a 25 basis point cut will we start selling off all over again to see the exact same thing we saw last week. It is going to be challenging to figure out what the markets going to want to do i mean a 25. 00 basis point cut is probably going to do something theres probably going to be a bounce but we need to figure out if the markets actually going to throw a bit of a hissy fit and didnt really like that it didnt get a full 50 basis point cut my concern though is that if we do get a 50 basis point cut that it might actually reinforce the panic situation for power in the fed and so i think that theyre probably going to be a little bit more measured and say hey i think we got this under control ok well cut a little bit but we dont want to give any panic signals by cutting 50 basis points but right now we have green arrows all across the board as like the market is pretty much already pricing it that we are going to get a 50. 00 basis point cut so were up over a 1000 points on the dollar ready simply based on rumor and speculation alone so t. J. We have manufacturing data out now and in addition to china we actually have japan germany france italy and south korea all them reported a contraction and output so the i. M. F. And the world bank are now ready to extend emergency financing in order to plug. The impact so well if Something Like that look like. This kind of stuff is actually very concerning for me what i kind of look at this i just say that theyre just having steroids to situation or any time that theres a little bump in the road theyre going to be throwing money at it as her said earlier its like well this doesnt necessarily affect the little guy on the street or the manufacturing like we need to be better prepared for individuals for individual companies to to handle and weather situations like this they need to have their own plans in place for disruptions in product supply and there are downed lines and all that but when it comes to just throwing money at the economy and just putting money in the market i think it really misses the point and isnt going to really help us bring back any kind of structure i mean we need to take care of what this thing is and how its affecting the mechanics of our economy and not just the financial side of it. Now but in china theyre also paying playing the bad news is good news narrative too with the awful manufacturing data traders are now expecting more fiscal spending by the government and more Infrastructure Spending how much longer can china sustain this for given all the measures it has already put into place as well as its widening fiscal gap that were seeing right now. Because soon theyre all you know theyre already own 55 percent of the japanese stock market i mean you look at japan started this and 99. 00 when they made the horrible decision to buy a pebble beach and well over paid for it theyve been chasing that since 1989 here we are 30 years later and theyre still in the same predicament so they keep buying so i think this is if you want to lower your currency to 0 you could continue to pretend that youre monetizing the Central Banks of these entire systems are all i get a big mirage they dont do anything but destroy the wealth of the average guy they take everything away from small guys because this one guy still got to go out and pay a ridiculous right so they could go ahead and do it they want to do but at the end of the day theyre a better thing nobody but the very top end of the curve and thats just ridiculous so taking are we getting overly bullish today and extending this rally on that step by the market is up over 3 percent now but the data release from both china and the u. S. They showed record lows so did we really bottom out or is there still more room to fall farther as more of a negative data gets released subsequently. One thing that ive been telling my subscribers this whole past week is just because theyre moving averages or their support areas or theres price congestion doesnt mean anything when people hit the eject button and want to get out of the market when prices go down they just blow through everything and i think theres this week has been a very clear indication and signal of that actually people are just watching it maybe for the 1st time because weve been in such a strong bull market for so long as far as today yeah i do think today is a bounce i prefer to usually look at and actually see if we retest some lows i wish i had my charts right here but im looking for price to get over the 15 minute 50 eventually the hourly 50 to use those support lines for moving averages and i want to see prices actually come back down and if its going to retest this low that we had from late last week i got to see a hold in order to go up and then well kind of reassess it from there everything just bounce right off the 200 day Pablo Horowitz and thank you. Thank you. And time now for a quick break here because when we return Chinese Markets are on the rebound but the Manufacturing Sector has taken a hit due to the virus will break down the Recovery Efforts but a. Tick tock has played a major role in Popular Culture but now the. Role in Global Health will fill you in and as we go to break here the numbers at the close. Join me every focus on the alex simon sure and ill be speaking to us from the world of politics sport im show business ill see you then. You know we talk a lot on the show many years about economy and currencies and what makes a currency usually what makes a currency is scarcity for example gold is a currency its money because its scarce thats the primary reason people use it as money keynesian economics or socialism is usually unworkable because the people who are organizing it think that well you can just print all the money you need you need a program print more money theres socialism for banks on wall street as was pointed out recently one of the big president ial debates you know bank gets in trouble just print more money well whats the ultimate scarce commodity what is the ultimate scarce commodity you think about what is the ultimate scarce commodity. And welcome back the corona virus has caused a key metric for chinas economy to drop to its weakest point since 2004 chinas manufacturing purchasing Managers Index fell to 35. 7 in february according to data released by the National Bureau of statistics on saturday this marks a steep decline for the worlds 2nd largest economy which record the p. M. I. Of 50 in january the countrys nonmanufacturing metric fell to 29. 6 for february as well the lowest reading ever now the sliding p. M. I. Is mostly attributed to the measures taken to control the spread of the virus including quarantines restrictions of travel and factory closures and to take a closer look at the state of the chinese economy and how it might rebound we are joined by. Senior Asia Pacific International policy specialist with the institute for china american studies thank you so much for being here with us you know well now we already anticipated a slowdown in the already and sustainable numbers weve seen in recent years out of china but what does this used manufacturing slowdown mean for the countrys economy when we look at it in regards to the coronavirus it means theyve taken a very significant hit from the buyers in terms of Economic Activity we dont know how far. If theyre going to have a v. Ship rebound on aunt but at least they have taken a very very significant hit i think 1st quarter numbers will be very low and for the Chinese Government the of very varied in terms of employment related issues and in terms of this s. O. Means getting access to finance the big guys can call paul there but although i mean most of the people who work in the in small and small and medium sized industries. Firms on its theyre not they dont have access to money they dont and now china they have made some significant efforts to try to stimulate the economy in recent weeks and this including lowering the cost of borrowing standing alone times extending terms on. Nonperforming loans the p. R. C. Has also injected funds into the market and on the back of that the market is over 3 percent bounce today on monday a lot so what else can they do in are just an idea economy and is that even sustainable are we going to see a recovery given all of this injection or are we looking at something that will take some time a couple quarters to get back on track they could do more if they wanted to but i dont think they want to go down that route you know they can goes up the Property Market that has it has been their goal to go to source to really boost the economy a kind of an automatic stabilizer for the economy but the Chinese Government consciously has moved away from that group model over the past couple of years and even at the depths of the recession that they had in the depths of the trade water that they had they did not stimulate the economy with that with those tools so i dont foresee them doing it even now theyre a very their communication is still very focused on what it was and 2018 they need to take care of things like pollution antipoverty and financial the risking and i would also add out here that people cause realize that the financial transmission mechanism doesnt work that well in china they can toss liquidity out into the markets it doesnt find its way to their semis so you need much more targeted measures and theyre trying to go down there and