Fired for not properly performing their duties during this outbreak. And for all of this were joined by boom bust cohost christiane who is joining us once again from Los Angeles Christy thank you so much for joining us today. Christy after record highs on wednesday the 3 major benchmarks here in the u. S. The dow the s. And p. And the nasdaq all took early losses before kind of stabilizing in the afternoon and just taking you know fractions of a percent off but at this point do american markets actually have any idea how to react to what is going on with the quote a virus. Well at this point i think you just pointed out the markets really dont know how to react because dont forget today midday we did hit all the new 52 week highs again in the s. N. P. 500 so at this point the bank of markets equity markets know that no matter what happens the central bank is going to be ready to bail it out so the good the bad news is good news narrative is still very much intact so in times like these
Earlier this week we actually had an opportunity to speak with one. Out of beijing and he spoke about what is being done to make sure this doesnt have a lasting impact. In fact im just c. P. B. O. C. Chinas central bank injecting one trillion yuan or 170. 00 around 170000000000. 00 u. S. Dollars into the market to boost the could be making lending easier and if sars is of any indication remember when sars was rampant in china in 2003 the chinese economy went from 11 percent in the 1st quarter. To 9 percent in the 2nd quarter but when the epidemic was contained the growth rate bounced back to 10 percent and that grades continued for the subsequent weeks quaters and years kristie what do you actually make of this analysis from. I think what he says is absolutely correct that if once this entire virus is contained china actually rebound in a very strong way because lets lets face it there is no other nation in the world who is as good as mobilized nation in terms of getting the personnel
Much to get to on this very busy day so lets get started. And we begin with a huge new surge of over 15000 new coronavirus cases reported on just wednesday alone and that news was enough for chinas leadership to oust 2 communist Party Leaders in the who by province in the center of the outbreak the news of those new infections means that indications that the virus was beginning to taper off thats what so many had hoped for is simply not accurate and when it comes to markets they reacted markets down today thanks to concerns that the worst is actually not behind us after all and that Chinas Health commission has reported more than 1300 deaths and now more than 60000 infections aside from the 2 Party Officials who have been ousted in china hundreds of other officials have been paralyzed and dozens were fired for not properly performing their duties during this outbreak. And for more on all of this were joined by boom bust cohosts christiane who is joining us once again from Los Angeles C
As a longtime historian, what impact does it have on you that you were born in concord, massachusetts, grew up around boston . What has it done to your thinking of history . Gordon it made me a fan of john, just because he was a good old yankee. I am not sure that being a new englander has affected me onsciously, i do not like to think that i am letting the present influence my conception of the past. So i am not sure. But i am a new englander for sure. Brian can you remember when you first heard about john adams . Gordon probably not until high school. I did not know much about him, not until college. I had not gotten to see his home until after college. So it was a long time before i got to know him. Now, because i did three volumes in the library of america about his writings, i really got to know him. I think i got to know him better than i know most of my friends. He is really something. Brian you said in your book that he had a diary and Thomas Jefferson did not. Why do you think
At this time, fire officials are telling people they must leave. The only traffic were seeing are buses and cars, shoveling people out with both their belongings. These Oakland Police officers are enforcing road closures in calistoga. As the town of 5,000 embraces for possible smoke moving from the tubbs fire. The road closure did not stop these laid 40s rescuing horses. Just a lady on facebook said she had horses two days ago and we couldnt get in. We just told her we would get in when we could. The livestock evacuation as smoke loomed over the area, the horses were happy to see them. They came running up to the gate and let us take them. Several residents loaded up their quarters sentimental things. A lastminute pack. You dont blank to pack. You run around like crazy. She grabbed a painting of her house. We are hoping for the best. Everybody says it is the wind will come our way. We might end up losing the house. I have everything that is valuable to me in life. He and his wife and k