Crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what President Trumps focus on now. President trump responses been to offer help to president xi, he has not accepted. He did permit the World Health Organization to send a team at their access was restricted. And now the who in geneva admitted yesterday that key data they need about how healthcare workers are infected, means of transmission, have not been provided by china. This is not something that is evil or mean, its part of chinas overall strategy that weve seen the last three years they are basic
Crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what President Trumps focus on now. President trump responses been to offer help to president xi, he has not accepted. He did permit the World Health Organization to send a team at their access was restricted. And now the who in geneva admitted yesterday that key data they need about how healthcare workers are infected, means of transmission, have not been provided by china. This is not something that is evil or mean, its part of chinas overall strategy that weve seen the last three years they are basic
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. Without objection, all members will have five days to submit statements extraneous material and questions for the record subject to length limitation in the rules. We will begin, mr. Secretary. Thank you for meeting with us this morning. Weeks ago we invited you to testify about american policy towards iran, iraq and the use of force. No one doubts that case and solomon was a dangerous terrorist but its important that we look at Foreign Policy in terms of whether it makes american safer and advances our interest. Weeks later we seen attacks, injured more than 100 servicemembers, then then need to move thousands personal back to the region and remnant of our relationship with iraq and the setback in the fight against isis.
Joe nowhere to hide. Really ugly back to back days to start the week. Scarlet there are plenty of places to hide. Joe 10 year treasury, swiss franc. Scarlet japanese yen. We can go on. Two charts to put this risk asset selloff in perspective. This is very simple. On bottom, bonds of top the one asset class doing well over this time period. On bottom, we have crude, copper. In white, the s p 500 down 6 . Composite in blue, down just 0. 75 may be a benchmark here. 500reason to think the s p will join the dow transports. The 200 Day Moving Average in yellow. On friday, you can see the dow transports going right through the 50 day average. When the dow transports in the past has gone below that 200 Day Moving Average, there has not been an exception. This chart would suggest more term,at least in the near for the s p 500. Worstooking at one of the performing sectors in the s p 500. 4 , theals down about worst slide since 2011. That is as fears of the coronavirus continue. One of the larges
Coronavirus outbreak. This is two hours. [inaudible conversations] committee will come to order. Without objection, all members will have five days to submit statements, extraneous material, and questions to the record subject to the length, limitation, in the rules. Well begin, mr. Secretary, thank you for meeting with us this morning. Weeks ago, we invited you to testify about american policy toward iran, iraq, and the use of force. No one doubts that Qasem Soleimani was a dangerous terrorist, but its important that we look at Foreign Policy in terms of whether it makes americans safer and advances our interests. Weeks later weve seen attacks that have injured more than 100 Service Members, the need to move thousands more personnel back to the region, and derailment of our relationship with iraq and a setback in the fight against isis and iran, again, pushing headlong toward a Nuclear Weapon. You promised the American People that they would be safer and iran would be deterred. So by