The market selloff continues and so does the search for a safe haven, the spreading virus is the main factor, dow industrials down 400 points at the opening bell, this is shaping up to be the worst week for the dow since the financial crisis of 2008. S p down 50, one. 5 or more and the nasdaq down 2 at the opening bell. The president has offered reassurance about the virus, quote, the risk to the American People remains very low. We are ready to do whatever we have to as the disease spreads. Now comes news of an unexplained case of the coronavirus in california. The patient did not travel to a virus hotspot and was not in contact with a known virus carrier. In other words it is here. Oversees dramatic action in japan. They closed all the schools until april. In italy, 528 cases at least, 12 that. Iran finally doing something. Having refused to quarantine towns or cities they suggested less unnecessary travel. Listen to what the president said about the Market Reaction. I think the stoc
present its case and we don t know also whether the former president might choose to testify in his own defense. i want to start by bringing in cnn senior legal affairs correspondent paula reid who has been all over this story for many, many week, and paula, the indictment is out now. i wonder, what to you as someone following this and every single move and detail, what stands out to you as the most damning information we ve gotten? it s such a strong reminder of how little we know compared to investigators. one of the things that struck me and i think will resonate with the american people are the photographs that the indictment uses to tell the story of how some of the nation s most sensitive secrets were strewn about mar-a-lago. prosecutors in this indictment say that these secrets were in a bathroom, in a ballroom. there you see the photo of them being in a bathroom boxes stacked up there, in the ballroom. these are cardboard, pretty flimsy in a ballroom actively being
bathroom, in a ballroom. there you see the photo of them being in a bathroom, boxes just stacked up there in the ballroom. i mean these are pretty flimsy cardboard boxes in a ballroom that is actively being used for events. there you see sensitive defense information, secrets that are only meant to be shared with a small handful of our closest allies, and they re strewn about the floor of a storage closet. and it s one thing to say that in an indictment, but it s another to support this with photographs. that was one of the things that really struck me in this indictment. but the breadth and the depth of the evidence that they ve gathered in this investigation, it s incredible. i mean, for example, there are two incidents where they say the former president shared classified documents in person. one is a story that we broke last week, a meeting at his bedminster golf club, where he says that he has sensitive information and appears to be urging people in a meeting to look at.
Were going to have a house party good tuesday morning. Im Carl Quintanilla netflix a big story. Trading at all time high surpassing 100 billion in market cap for the first time after earnings shares up on strong guidance for on going growth which is driven by the commitment to content on the earnings call, Reid Hastings said because theyre growing faster than expected, theyll invest more than planned. It is 8 billion but it will be higher in 2019 and 2020 so dont think of it as 8 billion and a new plateau. Instead, its just a point in time as we grow both the revenue and our content budget for more on the results, were joined by Foundation Capital general partner paul holland who knows this Company Inside and out paul, good to have you back. Good morning, guys. Hows it going i mean were sort of in awe of what they put together in q 4, especially internationally. Now we have anl iflalysts cominn the air talking about subs in the hundreds of millions eventually have we are you do you hav
Gain today, you will be seeing the longest winning streak in more than four years because of the numbers of gains weve seen. The s p 500 and nasdaq gained for the last seven sessions in a row. The dow up for six this is the third month in a row that the dow put together a lengthy winning streak another day of new gains, another day of record closes it hasnt been a year since the election has not 24 those are numbers that have always im pining for the mid 90s. Longing for the days. 35 three straight years. Never happen again probably. People say never say never people in ray seal estate say please let there another boon. We have been told for years, 6 , 7 , thats all you get longterm average, 6 , 7 . It will regress, revert to the mean 6 , 7 is all you get. 24 . Things always look best before its been a run a really good run. We saw one of the reasons yesterday was you heard liesman with our survey. The highest level for optimism ever it helps to unshackle American Business it just does