Bob iger will continue to direct creative endeavors. And conversations from tech regulation to politics. We begin with the coronavirus and the outbreak spreading beyond china. The firstted states, known case of unknown origin was reported in california. The state is monitoring thousands for signs of exposure. President has tapped mike pence the task of overseeing the u. S. Response. Trump spoke from the white house wednesday. Done,ause of all we have the risk to the American People remains low. We are ready to adapt and do whatever we have to. This is like a flu. I think the stock market will recover. Emily but the markets were not all fine, with markets pinned to the virus threats. The s p 500 and dow jones suffered big losses this week. As for the tech sector and supply chains, microsoft and apple sounded the alarm. I caught up with dan ives thursday. Tragedy, butjor view is that we have to look at if this impacts demand or changes dynamics for our winners. When i look at names like
Bob iger will continue to direct creative endeavors. And conversations from tech regulation to politics. We begin with the coronavirus and the outbreak spreading beyond china. In the United States, the first known case of unknown origin was reported in california. The state is monitoring just two hours north of san francisco. The state is monitoring thousands for signs of exposure. President has tapped mike pence the task of overseeing the u. S. Response. Trump spoke from the white house wednesday. Pres. Trump because of all we have done, the risk to the American People remains low. We are ready to adapt and do whatever we have to. This one is different, much different. This is a flu. This is like a flu. I think the stock market will recover. This economy is very strong. Emily but the markets were not all fine, with markets pinned to the virus threats. The s p 500 and dow jones suffered big losses this week. At some point, as much as 10 . As for the tech sector and supply chains, micro
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
And will only be down a fraction at the opening bell today. The nasdaq, that is four points away from its high and will be up nine at the opening bell this morning. Across the board, stocks remain strong. All right. Now, im going to show you three wellknown companies that are big losers today. First of all, grub hub. Ouch. Down, what, 33 . Each day our planet awakens with signs of opportunity. Its forecasting weak sales in the future. But with opportunity comes risk. Beyond meat, down about, what, and to manage this risk, the world turns to cme group. 20 bucks right now. 20. 73, 19 , even though it we help farmers lock in future prices, reported a profit. Todays the day when insiders are allowed to sell. Banks manage Interest Rate changes google, thats down even though all so they can manage their risks and move forward. It brought in 40 billion worth of revenue in just three months. Its simply a matter of following the signs. That was up 20 . The stock is down, now its down they all l
overnight. the market bounce back, stocks bounce to a higher open after friday s 600-point rout, despite the chinese suffering biggest declines in years. coronavirus claiming more than 360 lives, more than 17,000 confirmed cases worldwide and the question for the markets is just how fast could this spread around the world and hurt the world economy? and facebook ceo preparing for a backlash, what the social network is planning and why mark stuckerberg says it s going to piss a lot of people off. stocks are looking to recoup some of friday s big losses. the market impact of the coronavirus was evident in china overnight. the first trading day since the new year holiday, shanghai closed down nearly 8%, wipes out nearly 400 billion in market value. friday s sell-off drove the dow and s&p into negative territory for january. the nasdaq up 2% for the year but everybody s talking about the degree to which china s shut down and how responsible though are for global growth. i