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Also spreading around the world. The who saying it is not a pandemic but saying it is deeply worrying. Before we came on air i was looking at the definition of an epidemic and a pandemic. An epidemic affects a few regions, but a pandemic is something which goes global. We have cases in italy, cases in iran, kuwait, over 12 dead in iran. Is it a pandemic . It seems to fulfill that particular criteria or definition. David what is the risk posed to beijing . They postpone the congress and language coming out of the Conference Call that was held by president xi suggests he is concerned about beijing. 170,000 people on the Conference Call, and some of the details coming out. The fear is does president xi jinping consolidate power . This is a question being asked by a lot of people. People have already seen him grab power with reducing his second term. He has unlimited terms. On. ....
Reports bloomberg has seen. Nonetheless we have a virus which continues to spread. In iran we have 19 deaths. The first case in latin america that,zil on top of greece, bahrain, and kuwait adding to numbers they have already. The Disease Control of the European Commission battening down the hatches as in italy we see the death toll mount and the number of cases multiply. In britain we have an isolation facility being set up at Londons Heathrow airport. This is in the backdrop of an overseas expansion. I mean outside of china. In china itself, the spread seems to be getting slower. Anomaly, 400is an one new cases in the last 24 401 ins opposed to the province. There are economic consequences. David lets talk about the economic consequences. We always want to remember this is a human tragedy, but it has economic an ....
Stocks. It really started, if you think about it, a year ago today with a big rally the day after christmas, the after the Christmas Eve selloff last year. Now as we get set for a new year, nasdaq 9,000, what is next . What are you thinking about . Im really optimistic where the markets are going in 2020. It is kind of interesting, if you look at this historically, with a year where markets are up over 20 , on the average the dow has been up over 75 of the time with an average of close to 9 . The s p 500 has been up over 83 of the time with an average over 11 . Past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as weve seen in the past. Connell gary you and i spoke couple days ago right before christmas. Youre more of a worrier, right . Nothing wrong with that. Someones got to but how do you look at t ....
Send the articles right away and there is this pressure theyre trying to bring to bear on Mitch Mcconnell and the republicans to have more than just a pro forma trial. That is righta and this is an idea that has been floated by people outside of congress to say this is how democrats could insist on getting witnesses like john bolton and mike pompeo from the trump administration. It has become a bit more of a political confusion then pull oc intended for it to bit the nancy pelosi intended to be. She was asked about it and had an unscripted moment where she said she was not happy with the senate trial, but even her top deputies were surprised and admitted behind the scenes that was not their first plan a. David thank you so much to anna from washington. Now we turn to los angeles where our chief washington correspondent is in los angeles for the president ial debate. What are we expecting . Kevin seven candidates will be on stage. ....
Hey, edward. Reporter we do have some reduction in tariffs so 25 on 250 billion worth of tariffs and then 7. 5 on 120 billion worth of tariffs and those december 15 tariffs do not go forward. The president just speaking about this china trade deal saying that hes using those tariffs as negotiating points for the phase ii agreement to make sure china still comes to the table and the phase ii talks china wanted them to start immediately. The man who led the negotiating team here, u. S. Trade representative Robert Lighthizer released this statement today. He says, President Trump is focused on concluding a phase i agreement that achieves meaningful, fullyenforceable structural changes and begins rebalancing the u. S. China trade relationship. The chinese say that the phase i deal is in nine chapters, and those chapters include these are some of the big points here, protectio ....