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
Hes confident in the success of ferraris ipo as it is about to be priced at 48 to 52 a share. Japan post shows the ipo at a top end of the price range in a listing that creates a combined value of 65 billion. All right. So here we go. Less than 7 but you know what, 6. 8, not bad. 6. 9 was better than 6. 8 forecast in the worlds second largest economy. The weakest read weve seen for chinese gdp in more than six years. You have to go back to the Global Financial crisis in 2009. However, a number of analysts and economists were forecasting 6. 8, will. Take the 6. 9 and to the good with the bad. People surprised with the positivity there. Overall, a series of down beat data has raised further support measures to prop up the economy. Weak than than expected growth and fixed Asset Investment came in below forecast. Retail sales, that was a bright spot rising slightly above expectations in september. Lets get out to uneunice. She joins us live from beijing. Reporter thanks so much. The 6. 9 i
Southwest employees had out water to customers. In the afternoon, the number of affected flights reached 450. Knowwest says it does not what caused the problem or when it will be fixed. Advisingne is passengers to arrive two hours before their scheduled departure. Kellye Alexandria Police are investigating their second homicide of the year. Leon williams was found shot on wednesday night. That was an old town. Williams was rushed to the hospital where he died. So far, no arrests. Arlington police say they may have caught a man responsible for a series of sexual assaults, facing charges in attacks from july and september. The police say he confessed to those attacks but is expect but is suspected in at least one more. At least nine women have been attacked in arlington since july. An alarming discovery by our 7 on your side iteam, bus driver still on the road despite multiple crashes behind the wheel. 7 on your side investigator joce sterman has more. In exclusive video obtained by 7 on