have were going to go to china to get components and they re sticking with india and i think you re going to see a lot of other companies looking to other places to get parts lord i do actually have a follow up on this because when you talk about almost every auto manufacturer being affected by this i mean china is the number one producer of autos are there actually manufactured there not to say that the companies are chinese necessarily so is anybody going to come out a winner on this is there anybody who s in a position to actually move you know move past this or is it basically the whole industry is kind of suffering and nobody gets a leg up. i don t know if anyone s going to get a leg up because the parts industry isn t being impacted they call it the rock candy mountain there because literally a lot of components are being built for all over the world and so this is one of the things that you know we think about not just automotive but everything from cell phones to any
this is the one business show you can t afford to miss this one and i m british born washington coming up president trump and president xi are making the case that the phase one trade deal won t be affected by the coronavirus why do they need to make that public we ll explain plus the global global car industry is basically a huge shock from china the car coach lauren fix is here to break it down just the u.s. attorney general really just say that the u.s. government should take ownership stake in cell phone companies which companies and why just minutes away a lot to get through on this very busy day so let s get started. and we begin as president and china s president xi are making and reaffirming their commitment to implementing phase one of the u.s. china trade deal what was the need for that well because as we have reported inside that deal is a disaster related clause that clause would allow china to avoid repercussions even if they cannot meet the target of purchases o
with the golden arches in its sight. amazon doing something for the first time ever as its ceo cashes in. february 5, 2020 worldwide exchange begins right now. good morning. stock few touutures ahead of a d setting session. gaining 500 points before the end of the day with a 407-point gain it was green all day long. a strong move higher for sure. a big move there let s check out what is happening with futures those gains will be furthered this morning check out what is happening right now. the dow is going to open up other 300 points if these gains hold s&p up by 32 nasdaq up by 114 points. technology trade roaring back to life to the bond market now, we are seeing yields move higher. people selling the safety of government bonds 1.63% on the 10-year side. 2-year, a hair below 1.43% going worldwide. that green feeling is taking hold across the globe. you can see not any red. it is all green. the nikkei in japan up shangh shanghai composite is up to europe, it is green t
coronavirus related slowdown and in politics, we re still waiting for results from iowa as is president looks set to clear an impeachment conviction with a state of the union on deck jonathan is back, welcome, sir so you raised your price target on the s&p a few weeks ago are you still feeling as optimistic so philadelphia, timing, the timing wasn t beautiful because i think we got it right at the top, but we re seeing that earnings are coming in much, much better than people anticipate ed and we were expecting a bounce in the vix up towards 52 over the next few months and i can tell you u why, but we ve gotten the first installment of that. and i think that that s also kind of inserted confidence in the u.s. economy obviously, news has been sloppy, but we re lisz than 1% away. we re at 1.7% on the s&p with 58 minutes left of the session shares of tesla rocketing to yet another buy today. surpassing $900 for the first time just one day after first topping $700 for the fir
Events dies at the age of 82. Good morning from the studio 57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. President trump is expected to sign a temporary funding bill today, avoiding a government shutdown. The shortterm measure passed in the house and senate yesterday. It allows funding through january 19th. Hena doba is here in new york. Hena, good morning. Good morning, annemarie. Lawmakers on capitol hill have left themselves some work to do before the new year, proving to be a shortterm solution to government funding. Had they not, the government faced a shutdown at midnight tonight. These are the last votes expected in the house for the day, the week, the month, and the year. Before fleeing d. C. For the holiday thursday, lawmakers in the house and Senate Approved a stopgap measure to fund the government for the next four weeks, narrowly averting a shutdown. The bill serves as a shortterm extension to the Childrens Health Insurance