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Residence. Risk assets sell off with stocks opening in the red and european equities close out the day lower. Investors seek safety in gold. Other safe havens also rally a very warm welcome to street signs. Lets get right to the story u. S. President donald trump and first lady have tested positive for coronavirus. The president confirmed on twitter saying, quote, we will get through this together. This comes after his top aid hope hicks tested positive she frequency traveled with the president including attending the first debate in ohio the president s physician released a statement saying both the president and first lady are doing well and will stay in the white house and that the president will continue his duties in full lets get to Market Reaction, we have seen futures pull back off this news. At one point, the dow was down 500 points, now we are down some 325 points some stabilization s p 500 down about 43 points we are o ....
Good for the United States. Every country surveyed thinks china had a better response to the pandemic. What we have seen is that can be countries that dont have checks and balances. I want to know does the pandemic make you an optimist or pessimist for u. S. Global leadership . Secretary kerry im an optimist because i believe americans are really waking up and taking stock of the position the Current Administration has put us in. There are reasons to be concerned about the pandemic carrying into 2021. That will be difficult and present the next president with Major Economic challenges as well as global strategic challenges. Im optimistic about that. I believe we will have a new president. I think we will see record levels of turnout in this election. People are seized by a number of issues. By what happened with t ....
Very good to be with you. Absolutely. Pping and will be if we can kickoff with a question about the pandemic. It feels like authoritarians are getting a free pass to implement more of what they would like to impose on their citizens. From surveillance to military tactics. Reference tos a china. Feel free to correct me. Situation where many countries believe china has been handling this pandemic better than the u. S. What is the outlook there . Where do you think that leads china . Clearly, china made a huge mistake from the perspective of the United States and democracy from the beginning by keeping andrmation about the virus arresting those that were coming forward with the truth. Whats interesting is, this is the real paradox, clearly societies need to have some kind of rules when the virus has taken over. There are rules about social distancing and Wearing Masks and things. ....
Lets get this show started. My name is ryan heath and i am the Senior Editor at lit ago in washington, d. C. Politico in washington, d. C. I think you should be able to hear me now . Any better now . Ok, lets do it. Hows that now . Better . Good. Good. We are going to do it. Feedback,for the thats the sort of participation we want over the next 80 minutes, you might be able to tell from my accent im not from around here. We are looking at how we can solve problems and fix americas political system, apparently it is still broken and they need an australian here. But we have just meant to tell us how to fix us its governor steve bullock. And we have a panel of distinguished guests and we will go into the details of working in pieinthesky ideas of how we are going to fix american politics. As an outsider, before we get started, feel free to try some innovations like not talking about impeachment for 20 minutes. We are going to talk ab ....
Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. ....