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Hi, chloe. Thank you, before we begin, thank you very much. It is a great place. You have great people on the stage with me. I want to tell you warriors, fighters and they love the country. They love our country. I want to just start though by saying two brave firemen as you know died last night in porter ville. I want to pay our respects to them. I heard they were two great people with incredible families and i want to pay my respect toes their families and friends. Thats a tough job. We met some firemen backstage. That is tough and dangerous job. The country respects that profession very much. We really respect you a lot. [cheering] you can add the words Law Enforcement to that group. Nobody respected more than those people, i can tell you that. So thank you very much. Thank you very much to the families. Thank you very much. [shouting] [cheering] were doing well with you, thank you. We had a poll that is were doing very well. ....
We have that and a whole lot more on making money. Charles major indices in selloff mode this morning with most testing key support points. Many are bracing for this. Many are hoping for a pullback in a long time. How does an investor know when it is overdone . I want to discuss that with Gibbs Wealth Management cio erin gibbs and liz young and Capital Wealth Planning jeff saut. Let me start with you, liz first because youve been kind of feeling like okay, wall street has been talking up this day for a few weeks, perhaps over a month when it came. Were at this moment. Where do we go from here . Leading up to this day weve been saying the risk for disappointment was pretty high. The shanghai composite was down only 2 before this. That didnt seem like enough. Markets in the u. S. Rallied through the beginning of the year. Didnt seem like there was enough after ....
Final hour of trade for investors who have been watching all day long this pretty significant selloff. Live from the floor of the new york stock exchange, we are talking to traders, market gurus, all kinds of people who will help you deal with this hour and with the money. I want to show you a couple things. Dow, s p and nasdaq, we will clock it right here, because you are seeing the selloffs. We are off the lows of the session. We do have the Dow Jones Industrials down 821 points. When it opened, it did absolutely gap down but they are looking at the moment at the s p down 89 points. It had been down triple digits. I will tell you that much of this started with the coronavirus spreading to unlikely countries. We are talking about iran and italy. Investors, very concerned, of course on friday on the claman countdown we told you wait a minute, there is this hot cell of cases of the coronavirus in northern italy, an area call ....
Economy some more and the dow will hit, wait for it, 32,000 this year. Thats optimism. Were at 29,000 right now. Then theres this, the New York Times issues its endorsement for the democrats nominee. The times is the bible of the Democrat Party and they split their decision. Theyve endorsed Amy Klobuchar and Elizabeth Warren. This is fascinating. Not biden, not bernie, not the former mayor of new york, bloomberg, no, left and far left is the times choice. Later today, the president flies off to the global elite get together known as davos. Picture this, please, the president fresh off trade wins and a growing prosperous economy, addressing over there while the trump haters over here try to impeach him. Im not keen on the expression but you cant make it up. Varney c ....