Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho
America. In florida with cases surging a new crackdown on businesses and citizens flouting social distancing. The mayor of miami joins us live. Russia bounty outrage. The new report overnight now saying Top White House officials were aware early last year and President Trump got a written briefing in february about intelligence that russia was paying the taliban to target u. S. Troops. The white house still denying the president had any knowledge of the plot. The parents of Fallen Soldiers responding this morning. An abc news exclusive. The Golden State Killer, after terrorizing california for decades, admitting to his crimes in a room packed with his victims and survivors. His former brotherinlaw speaking out only on gma this morning. Wicked weather. New wildfires in the west, evacuations under way in colorado. Hundreds of families fleeing their homes. Flash flooding in the east. Dramatic water rescues in kentucky and severe storms striking new york city. This morning, ginger is track
International development. I am excited about the piano. I would be more excited. Let me tell you about this panel, who wanted an important hearing at the end of the day featured the hub fireside chat ego. She helps develop programs in cities and countries where j. P. Morgan served. Before that she worked with oliver and associates and Melinda Gates foundation. She is a proud child of immigrant Family International business is the of international economics. So cute. You dont need much of an introduction to know you are. If you dont know, Child Corporation given working in this area for more than three years. She has been the lead of the education and happenstance. We are delighted you could be with us and ill turn it over. And you all hear us. That afternoon. I hope you enjoy the conference so far. Hopefully we will bring the energy in the conversation, i am excited to be on stage. The legacy had history and where it is going in the future. To start off my shirt congratulations are in
Im stephanie ruhle. Eric was under the weather this week. Im happy to be back. Breaking news about the housing market. Home sales for december are out. Scarlet fu is in the newsroom. Unexpected decline in the number of contracts to buy previously owned homes. It comes from the National Association of realtors. A drop of 3. 7 for the month of december. That is the biggest decline in the the year. On a yearoveryear basis, pending home sales increased 8. 5 . That a small at the what economists were looking for. They were into speeding an increase of 10. 5 . S p 500, paring it is extending losses following the news. We have the 10 year yield pretty much where it was. We will continue to monitor all of this. The fed has said it is data dependent. This shows the housing industrys recovery is still on even. That a scarlet fu with the latest. Lets take you to the bulletin. Top is the stories. Shares of alibaba are getting beat up today. The stock fell as much as 7 after the Chinese Ecommerce C
And throughout the world disastrous weather caused crop failures of immense proportions. Why did these two events affect inflation and unemployment in the American Economy . U. S. Society was besieged by the twin assaults of inflation and unemployment in the 1970s. Why couldnt the government achieve significant success against the ravages of stagflation . In the late 1990s, the economy was booming. Unemployment was at a 30year low and inflation was also at a 30year low. Did that mean inflation was dead . During the 1970s the American Dream threatened to become the american nightmare. For the first time, we were faced with skyrocketing prices and exploding unemployment. Stagflation why couldnt we beat it . With economic analyst richard gill well explore that question on this edition of economics usa. Im david schoumacher. Schoumacher since the passage of the employment act in 1946, it has been accepted policy for the government to fight unemployment by stimulating total demand. Often, i