Hitting the alltime record high on february 12th and the definition of a bear market is 20 lower than the recent highs. The markets tumbling just as President Trump is expected to meet with some of the biggest banking ceos in the world to find out how stable the Financial Market system is and what to do to keep it there. We are still waiting on word but if cameras are allowed in the room we are going to take you there and hear what they all say. This as the battle against the deadly coronavirus pandemic moves into a new phase, as National Guard troops get set to sweep into the hot zone in new rochelle, new york. And as businesses and colleges close their doors, Microsoft Teams is swinging to their digital defense, with a suite of Software Products to help those working from home or moving to online learning. I know a lot of you were experiencing that or your kids are. Countdown has a lineup of power players to tackle all these topics. Steeple chairman and ceo ron krusz kruszewski on th
Stock, futures is down sharply healthcare stocks are under pressure this morning and amazon entering the health business, pa partnering with berkshire, finding ways to cut the cost of healthcare mcdonalds reporting a major spending boost for thousands of new stores and digital upgrades. Dow and the s p 500 remains on pace for a 10 consecutive months of gain i think it is true. You come in and when you see stocks, when you read the release and the mcdonalds release in the lets just say in the cave and not look at these you would say wow. These are great numbers. The markets set up to go down you have this team up that we talk about all morning with jai jaime dimon. It is generic, yeah, it is been up a lot and i want to take profits ahead of the president whos going to take credits for a good mark. Ye market you come in and let them take credit we got thursday is National Earnings day so there is a lot of reasons to take profits and not a lot of reasons to say you know what, once to the
For people who had their policies canceled. The whole individual mandate may be fall apart. Meanwhile, the healthcare. Gov website was down for at three hours today, just three days before the deadline to sign up for coverage on january 1st. And getting back to the economy, the stock market still bullish on Ben Bernankes taper, and a nice revision for the q3 gdp to 4. 1 . A lot of economists are parking up q4 to 3 . So are soaring stocks predicting a big 2014 . All those stories and much more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were here live at 7 00 p. M. Eastern, 4 00 p. M. On the west coast. Call it a swan song to a pretty bad year. President obama claimed economic victory and defended his latest obamacare flipflop during a yearend News Conference today. Cnbcs Hampton Pearson joins us now with all the details. Good evening, hampton. Reporter how you doing, larry . Yeah, president barack obama wrapped
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