The president seen walking from the white house to marine one, unassisted, and wearing a mask. He left to walter reed after recording a video message saying he is in good spirits. The White House Press secretary says the president will work in the hospitals residential sweet. His hospital stay, the white house claims, is out of an abundance of caution. Meanwhile first lady also showing mild symptoms, after testing positive in is ago. We also republican North Carolina sen. Thom tillis has tested positive for covid19. He is now the second gop sen. To test positive after attending that White House Supreme Court nomination ceremony on saturday. Our other top story, the horrible air quality, he can barely make out the san jose skyline. Even so, some people were still out and about. I was so excited to get back to normal, and now they just, we got a little more smoke, so it feels like blade runner out here. Take a live look at and josc today, yet Brian Hackney is in for paul with when we mig
Increase the budget gap by 1. 6 trillion this fiscal year. We knew it would be expensive. We now have a number. Act, to makeres sure we get relief to individuals and businesses affected. Romaine obviously, a lot of folks are looking at what is happening with the budget. We did close higher again. How much you want to read into these numbers, that is up to you on a personal level. The nasdaq 100 did close higher on a yeartoyear basis. Losses itll of the had i believe going back to march 20. Of buyinging a lot here. David, when you take a look at not only the earnings season but some of the rallies we have gotten out of some of these things. Names like tesla, amazon. I can sort of understand why some investors would look for a little bit of safety and growth. We may be getting a little too far ahead of ourselves. How these companies are going to perform in an environment where business spending might look a lot different than what we are used to seeing. David those are two very different
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp
January 31, 2020. I to maim day meeting with no more cuts for year, and Christine Mcgarr first European Bank meeting, also no stimulus there appeared lets talk about all these big stories and find the investment plays with them with me right now to talk about that is that cities private bank david balin. David is good to have in the program. Great to be here. You are making recommendations on billions of dollars under management, private bank. These headlines are important to you because you are investing all across the world. What was the most important headline this week that causes you to change her strategy, if at all. I would they say the most important headline for this week is the Brexit Boris Johnson is the overwhelming majority. We really like uk equities. We like dividend payers in the uk, and we think this once and for all will create the clarity that will allow that market to do better than its done over the cause last year. We needed some clarity and thats for sure. In the
Re investing all across the world. What was the most important headline this week that causes you to change her strategy, if at all. I would they say the most important headline for this week is the Brexit Boris Johnson is the overwhelming majority. We really like uk equities. We like dividend payers in the uk, and we think this once and for all will create the clarity that will allow that market to do better than its done over the cause last year. We needed some clarity and thats for sure. In the evaluation in the uk, and the valuations in europe are better than the u. S. Especially for Companies Apple operating out of the uk and are global. Thats where you find the enormous amount of value with dividend stocks was 45 yields and positive your earningspershare growth. And thats a market would like. Maria now looks like this china deal will include china buying up to 50 billion of agricultural products. Theyre talking about preventing currency installation. And protective measures in pl