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Fired for not properly performing their duties during this outbreak. And for all of this were joined by boom bust cohost christiane who is joining us once again from Los Angeles Christy thank you so much for joining us today. Christy after record highs on wednesday the 3 major benchmarks here in the u. S. The dow the s. And p. And the nasdaq all took early losses before kind of stabilizing in the afternoon and just taking you know fractions of a percent off but at this point do american markets actually have any idea how to react to what is going on with the quote a virus. Well at this point i think you just pointed out the markets really dont know how to react because dont forget today midday we did hit all the new 52 week highs again in the s. N. P. 500 so at this point the bank of markets equity markets know that no matter what happens the central bank is going to be ready to bail it out so the good the bad news is good ne ....
Earlier this week we actually had an opportunity to speak with one. Out of beijing and he spoke about what is being done to make sure this doesnt have a lasting impact. In fact im just c. P. B. O. C. Chinas central bank injecting one trillion yuan or 170. 00 around 170000000000. 00 u. S. Dollars into the market to boost the could be making lending easier and if sars is of any indication remember when sars was rampant in china in 2003 the chinese economy went from 11 percent in the 1st quarter. To 9 percent in the 2nd quarter but when the epidemic was contained the growth rate bounced back to 10 percent and that grades continued for the subsequent weeks quaters and years kristie what do you actually make of this analysis from. I think what he says is absolutely correct that if once this entire virus is contained china actually rebound in a very strong way because lets lets face it there is no other nation in the world who is as good as mobilized nation in terms of getting the personnel ....
Much to get to on this very busy day so lets get started. And we begin with a huge new surge of over 15000 new coronavirus cases reported on just wednesday alone and that news was enough for chinas leadership to oust 2 communist Party Leaders in the who by province in the center of the outbreak the news of those new infections means that indications that the virus was beginning to taper off thats what so many had hoped for is simply not accurate and when it comes to markets they reacted markets down today thanks to concerns that the worst is actually not behind us after all and that Chinas Health commission has reported more than 1300 deaths and now more than 60000 infections aside from the 2 Party Officials who have been ousted in china hundreds of other officials have been paralyzed and dozens were fired for not properl ....
Well. Its good to have you with us its the largest intolerant of minorities since world war 2 more than 1000000. 00 ethnic we get muslims locked up in special prisons in china Northwestern Region of. Recent weeks even more evidence of these camps leaked communist party papers reveal amongst other things instructions from the top on showing absolutely no must see and. Yet the camps continue the question is why theres been lots of condemnation but the election the u. S. House of representatives has passed a bill to impose sanctions against chinese officials duckie has denounced what china calls reeducation camps as a court great shame for humanity but is that enough in a moment ill be asking a german m. P. If germany should be doing more but 1st this report looks back at the anatomy of a cultural genocide. For thousands of years theyve been here toxic rieger. Trading growing up and coming of age living in changing province west ....
Welcome. Its good to have you with us its the largest in town mint of minorities since world war 2 more than 1000000 ethnic we good muslims locked up in specially set up prisons in china Northwestern Region of. Recent weeks cell phone up even more evidence of these camps leaked communist party papers reveal amongst other things instructions from the top on showing absolutely no must see. Yet the camps continue the question is why theres been lots of condemnation but little action the u. S. House of representatives has passed a bill to impose sanctions against chinese officials. Duckie has denounced what china calls reeducation camps as a quote great shame for humanity but is that enough in a moment ill be asking a german m. P. If germany should be doing mall but 1st this report looks back at the anatomy of a cultural genocide. For thousands of years theyve been here toxic readers washing trading. Growing up and coming of age ....