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And on a lighter note, the black crows are back. We go on tour with the Robinson Brothers who started the band, broke it up and are now reunited musically and personally. Its friday, march 13th, 2020. Well have the latest updates on the coronavirus right after todays eye opener, your world in 90 seconds. Just a question of time. Stay away from people. Watch your hands and do all the things were supposed to be doing a little bit anyway. Life here in america is changing. The full scope of the coronavirus outbreak is coming into focus. And it is a grim picture. We dont know how long it lasts. Usually several weeks to a couple of months. We have anticipated that cases of coronavirus would increase. Were seeing that pattern play out. We know theres more to come. The market reacting to the president s decision to suspend travel. I guess were going to get through this one. Obviously impacted nba, nhl, major league bairblseball, tenn s ....
Charles markets hitting alltime high, driven in part by those important names, you know them, apple, alphabet, facebook. Connell microsoft, all in record territory, but there are some worry setting in were too giddy. Pointing out options is he had of blow off top. This is meltup followed by a big pullback. We have Keith Fitzgerald and point view wealth managements david dietze. Keith, let me start with you, for folks that dont understand the jargon. There is so much optimism calls are bet to the upside. 6 to 1 ratio. That means everyone is too giddy. When the euphoria false away well get a strong pullback. What do you think about that. That is firm command of the obvious. Anytime you get a runup, normal to expect a pullback. That is normal. You expect buying and selling. If were ahead of ourselves, find, use this to your advantage if it falls and get a better entry. Charles david, the big mistake, guess the top, guess when there ....
Will be in black and white or scary. That is where we stand, down 169 points. Stuart said this has more to do with the trade front. That things are not progressing. Chinese overnight, essentially getting nasty, it might be phase one and done if we get that. That is president is a little impulsive. Were not thinking well make progress for anything else getting done. President directly not responded to the criticism outside the fact hoped the deal would be scored although the chile conference it was supposed to scored and deal written on wont happen in chile. It will happen somewhere. They hope it happens pretty soon. Get the lead from John Layfield and rebecca waltzer. What do you make of how the chinese suddenly shifted ground here . I think that has more to do with the selloff and why 28 dow stocks are down than anything happening on the impeachment front, so far deemed much more political than substantive, what do you think . I t ....
The president meeting right now with congressional leaders at the white house amid on going crisis in syria. Well bring you any headlines from the president this hour. We mentioned we are waiting for netflix now. Wee bring in our panel, gary b. Smith, kadena group president. Also a fox business contributor. Jack hough, barons associate editor. What are you looking for on they netflix. We call it earnings report, how many new customers you bring in who are willing to pay. Last quarter was a disappointment. The stock plunged. I think in this report they dont really have to beat the estimate. I think they do have to meet it. You cant go into this later part of the year without melissa hold on right there. We have numbers. Connell revenue is right in line. 5. 25 billion was exactly what we were expecting. Deirdre will have more details what you see. Stock is selling off there. I dont have a comparable earnings per share number that i can give you yet. Im not sure if it is earnings per shar ....
Charles high level trade walks are underway in china as we speak. Already a ton of headlines are trickling out. Edward lawrence is live at the u. S. Trade Representatives Office with the very latest. Edward . Reporter charles, i can tell you these talks started about 30 minutes before they were scheduled to talk and they have been working through lunch. They passed through a break in the schedule on this i cant tell you if that is good news t could be good news. It could be they reached a sticking point. In any case they are still talking which is good news here. Chinese trade sources said the chinese would like to work out a deal on parts they already agreed upon, that both sides agreed upon and lay a timeline out what comes next year for those difficult points. Following the guidelines theyre looking at sort of the japaneseu. S. Deal where they have a deal on agricultural and digital trade. Move forward with the rest of ....