Good morning to you. Hanging in the balance. 8 26. And we will remember ginsburgs life and legacy with im marcus washington. Breaking right now for you. Two women who knew her well. San jose police are Tropical Storm beta expected investigating a deadly stabbing. To make landfall today. Right now police are giving out few details, but that millions bracing for hurricane winds and flooding. Investigation has closed santa rescue teams on alert. Clara streets near San Jose City hall located on 6th street. This also is just a few blocks were there live and al is from san jose states campus. While we know someone died, police so far are not saying tracking the storm. Grim milestone. Anything about the victim or if the u. S. Tops 200,000 coronavirus deaths. Someone is now in custody. Cases on the rise again. And its not clear when santa clara street will reopen. Lets get a look at the and growing concern over events drawing big crowds. Forecast for you today. Meteorologist kari hall is track
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Francine, but this is really extraordinary and really, really important. We have consulates in china. Clearly the chinese have said they are going to act rapidly on this. The backstory of this is intellectual property, which is nothing more than the stealing of trade secrets. Ellen not a shema in the Washington Post in recent days writing up the trial in houston phone that holds oil platform in the water. Where there is literally a court case going on about the intellectual Property Value of the foam that holds up big pieces of steel in the water. Just one example around this breaking story. Francine this also comes on the back of what we heard yesterday, right, tom . The u. S. And other countries accusing china of hacking and Getting Research information regarding covid19. Tom no question about that. Let me get a data check. Futures 17. The story is safe haven, and you see it quickly in yield, where the 10year yield has come in. 58 a vengeance,. 59, a handle. The twoyear United Kingdo
Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this
But i want to recognize two people, our new president , he is right here in the back. [applause] neil id also recognize my great friend, steve, the chairman of the republican party. [applause] neil these events are made possible by our wonderful sponsors. Their banners are around the room, so please note them. We are very appreciative of what they do so we can continue to do this. Our partner at politics and eggs is the new England Council, a Great Partnership continuing on. Obviously, a little bit busy lately. The chairman and ceo is here, and id like to introduce him for the purposes of an introduction. Jim brett. [applause] james well, good afternoon and welcome, everyone. I too want to thank the president , not just for that very kind word that neil and so many people here have worked with the new England Council for many, many years. I think today is the 20th politics and eggs event that weve had this year. None of that would be possible without the incredible collaboration betwee