every weekday from 69 eastern on mornings with maria on foxbusiness but hope you'll start your day with us. that will do it for us right now, thanks so much for a watching. have a great weekend everybody, i time. gerry: hello and welcome to the wall street journal at large. this happens every year about this time, many of the world's most powerful leaders in economics, finance and politics came together here in davos switzerland for the world economic forum. now while he skipped last year because the partial government shutdown, president trump chose to make the trip this year despite the start of his impeachment trial the senate. he even gave a speech here on the day that historic event again in washington. telling those in the audience that he had been responsible for turning america into an

economic. [inaudible] once more. see mack today i'm proud to declare the united states is in the midst of an economic boom the likes of which the world has never seen before. steam seven mr. trump was joined by stop economic advisers. larry o-uppercase-letter in treasury secretary steven mnuchin. i had a chance to speak with both of them this weekend starting with larry. i began asking him to expand on the president's message of booming american growth that he brought with him to europe. gerry: the president's message in davos is growth. how the u.s. has achieved growth and what it means for the rest the world. once you flush out that message for us. >> i like to call the blue-collar boom, and america is working, and the president's policies and tax cuts and deregulation and opening energy, and reducing trade barriers, and really for there's time, jerry, at least

since the '90s if not longer, the middle and lower end of the wage earners are outpacing their bosses in terms of growth, and we think that's terrific. if there is 3.5% unemployment rate with no inflation just shows you that liberalizing the economy can work and create stronger growth, hopefully other countries will think about similar moves and we'll be talking to everybody here of course. and of course the point is going to make is a fair amount of trade he talked about trade at some length. we are very proud of our china phase one deal and we got more than we expected. and that is going to be a big plus, not only for some of the structural issues like intellectual property the schedule of american export increases across the board and agriculture in manufacturing and financial services, and

digital services is terrific. we talk about north america free trade and that usmc a deal. we have a lot of positives. gerry: i don't want to get into the lava trade detail with you but let's talk a little bit about america outperforming the developed world and the last few years. but it still is growing at an average of two and half% the last few years. the president wanted to grow to four. you said maybe three. you said in the past the fact we could be stronger and we haven't been stronger you still feel that? >> we had the growth going up to near 4% in 2018. in 2017 was a good year. then in 2018b, had a kind of a monetary restraining program that i still don't really understand. but in any case i do think that has had an impact.

fortunately the fed is shifted direction they might even be bolder for all i know that would be great with me. i do think that is slowed us down. but coming into 2020 i think the trade deals lift a lot of uncertainty and we hope for more business investment. gerry: said you think that has been restraining growth in the last couple years? >> i think it is i hear that from some businesses. i don't know how to weigh that relative to policy and you know it's hard to weigh that. in any event we pull back some of the tariffs and we still are keeping quite a lot of them as leverage to see if china works through the agreement we figure it's worth half a point of gdp this year end next year at least. and we think the usmc a will

probably be worth a half to three quarters of a% of the gdp. if i can get boeing to protas more airplanes, that would help also. >> that cost us a half a point of gdp. we are happy with our position right now. gerry: you talked about more tax reform aims perhaps it middle-class as did didn't get as big of a tax cut. is that a priority in 2020? >> yes we don't expect any legislation, tax cuts 2.0, the president commissioned me to it come up with a plan that will enhance middle-class tax relief and middle-class wage increases. as an old rag and guy reagan used to talk about take-home pay. take-home pay is roaring right now in the u.s. it's right in that middle to lower middle zone growing by

some $5000. household. and that's a big deal. i think we can still reform the code, i think it's interesting, gerry, that the business tactic tax cuts had the intended effect to help the main street. that's what kevin and steve and i thought about. gerry: with the capital investment we haven't really seen that which lots of people predicted. >> we saw a big move in the first several quarters before the fed came to town. mind you the biggest move in investments is intellectual properties and software which is growing at a rapid clip of 678%. and that's continued. it's a heavy equipment parts, and it's interesting that some economists think that the shifting of these economies today, with all the advanced technologies may be that heavy equipment is not ever going to protas what it produced when

you and i were going at it in the past. i don't know it's an interesting thought will wait and see. gerry: you are not concerned about the fiscal deficit? physical certain is a thing of the past we go to trillion dollar deficit. you did say the first tax cuts would help generate enough revenue to upset that. it didn't seem to happen. is it just letting it. [inaudible] >> revenues are rising, corporate revenues are rising, digital revenues are rising. now if you ask are we spending too much, i think the answer is yes. but then i have to say politics is the art of the possible. there is no appetite in this congress to really lower spending. but the tenure, i use that as a bellwether, it's at 1.8% more or less. and i think if deficits were

such a big problem then it would be much higher. so i don't think, at this juncture, the deficit is a problem. i think a second term trump administration will pay much more attention to the spending side. gerry: ran to quick break and though we come back we'll talk about the trade deal with china and trade more generally. along with the trump agenda for the second huh, fifteen minutes could save you fifteen percent or more on car insurance. everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have-oh boy. geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪

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because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. gerry: larry quickly on impeachment, you've seen the impeachment proceedings with the senate trial going on this week, everyone seems to think the outcome is predictable. nobody seems to be getting worried about this in the market and they don't think it has any effect at all. >> that is how it's gonna be. if i may it is a waste of time in a partisan effort that is not going to work.

and i think financial markets know that by the way. we are in an election year, and they are picking their candidates and their voting in another week to two weeks, president trump is campaigning for a second term what you think will be his priorities for second term? maria: there be a very strong growth message and growth effort. there will be additional rounds of middle-class tax relief, one area that we will continue to emphasize, which never gets enough credit is the de- regulation. we have done so much, we have cut tens of thousands of pages from the federal register across the board, and we will continue to do even more. we will continue to nurture independent energy industry and on the trade front, expect to see more. we talk about potential with the united kingdom. we are in negotiations with europe. we have just completed some good things with japan, we hope there will be more.

we are working with brazil and others in latin america. the president from day one he's going to defend to the american worker and make sure there is a level playing field and knock down any unfair trading practices wherever possible. he's very aggressive negotiator, he is willing to use tariffs are not used tariffs depending on the situation. gerry: many people thought and missed opportunity for the president was infrastructure spending during his campaign could that be a priority? >> i think it will be. it depends upon the makeup of congress. i think frankly the gop is going to recapture the house and that will make it much easier to delve into the infrastructure issue. we want to be smart when we do that. and a lot of the infrastructure by the way is covered by the d regulation. we are more rapid permits and environmental permits, pipeline permits and things of that sort. helping small businesses getting out from under various

labor rules they were unnecessary. there'll be some financial deregulation as well. that's a key part of the growth story in the u.s. gerry: what about topics like technology? there's a big antitrust review going on in a competition going on with the justice department. as technology, and obviously dominates our lives, is the administration going to maybe think about more regulation of the big technology companies in the way they work? >> i don't want to get ahead of that story. i know i read things and there is some discussions and unhappiness with social media companies. on the other hand technology broadly based is an american staple and is in many ways the very center of our economy. it is so keen while we are up intellectual property rights in stopping that sort of theft. there is no more powerful technology country than the usa. we are still miles ahead of other nations and we continued to make it as incentivized with taxes and regulations and is easy as possible.

you will see us making a big move on 5g which has already started. and much much more, that is going to be coming. gerry: up next treasury secretary steven mnuchin talked about the expansion of what could derail it. we'll be right back from davos. things you can do with schwab: you can earn more when you invest your cash. you can get a satisfaction guarantee. you can also wonder why our competitors don't offer that. schwab. a modern approach to wealth management.

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gerry: here at the world economic forum i got to moderate a wall street journal panel that included treasury secretary steve mnuchin. i asked him if president trump is correct in saying that the u.s. economic boom is indeed unprecedented.

641. [inaudible] >> you have to look at this on an absolute basis the economy is out performing the rest the world, there is been a significant slowdown in the rest of the world and we have had a significant increase since the obama economy creating an abundance, millions of new jobs, created very significant increase in wages. and this is no question it's a result of the president's economic program that was designed during the campaign of tax cuts, regulatory relief. in particular this year we've had a very big week in both signing the phase i china deal and passing the us-mexico-canada agreement, i think these are very important to the u.s. economy for the balance of the year. gerry: obviously there is a big boost in growth of almost three-point to and 2018, that seems to be a direct response to the fiscal impulse that came from the big tax cut pass at the end of 2017. but that does seem to pass in the grossing be slipping back

in 2019 estimate around two and a quarter percent. maybe this year up 2%. did we just get a one up boost from that huge fiscal impulse? >> absolutely not. i would say 2019, again did wellin an absolute basis it definitely slowed down from one, the world economy slowing down so that there's no question that slowed down. also at the beginning of the impact of boeing, the 737 max, and the gm strike. so there's no question that all of those issues probably cut about 50 to seven basis points off of growth last year. and i know we will hear projections and we thanks people projections are too low this year for 2020. gerry: has u.s. growth been held back about concerns of global trade? >> i don't think so. again it's clearly been held back by a slowdown around the world. we could debate but i don't think that's what i was not created by our trade issues it

was a wellin advance of trade. but there it is no question there was a slow down, and a global slowdown has an impact on global trade. gerry: the president mentioned again today in his remarks that in his view the growth would've been stronger if the federal reserve had been more accommodating and not raised rates so quickly. and cut them more quickly. do you agree that? >> i think you know in my role as secretary of treasury, i am careful about commenting on policy. gerry: is it a problem that your boss can criticize but you choose not to? >> absolutely he's the president of the secretary of the treasury. [laughter] gerry: so even though we don't think trade is played a role presumably you think the phase i trade and the usmca that we got in the south korea renegotiation, you think all those will help with growth? >> yes and again gdp is one

measure of growth. and again, delayed gdp is calculated, there's a bunch of things that impact gdp that are one-time events. so i am not particularly focused on whether or not gdp was higher our weather gdp was lower, what i am focused on is what to do to employment? what'd you do to labor force participation? what do digital wages? what do you do to assist consumer spending? what is the forecast moving forward? when we look at the forecast for 2020, business and the u.s. feels very good. and there is no question that now the two trade deals that we have done will have an impact this year. i would say on the other side again, depending on how long it takes for the 737 max to get back into production, that's going to have an impact on gdp. i've said publicly that could be 50 basis points in gdp, but again i would not focus too much on the gdp number. we could easily get 3% of the

facts have been slightly different. gerry: the u.s. economy, is a jobs producing machine for a long time and its tuna and half million dollars for a year. how much longer cannot go on given the inevitable constraints of labor supply? >> i think there's a lot of things we still need to do. we talked about apprenticeship programs, we need to make sure there is better education programs for skilled labor, we need to make sure that people who are getting advance phd's that we can keep them working at our companies, i do think the participation rates can continue to go higher, i think productivity we can spend a lot of time talking about why productivity is where it is, but there is upside and productivity. and i think look the president wants to fix immigration, that's part of it. legal immigration has to ultimately be part of the equation. gerry: with bernie sanders,

elizabeth warren, pete buttigieg, and maybe joe biden, one of the things you are very much focused on? >> the good thing is i sleep really well at night. but i will say you gave the answer i won't pick which one, but i think political risk is the biggest risk to u.s. economy. you have buried two very different visions for the way the economy will be managed. and business opportunities as well. so there are some very extreme socialist type economic programs. you've got some of the candid, i won't say which one want to regulate the top hundred u.s. corporations and set up a new agency and the government to do that. there is no question, that's a very different views of banking regulation. so i do think in the u.s. there is two very different views of politics that will change economic outlooks dramatically. gerry: up next some final thoughts on what we saw at the

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china trade, the rising opportunity and challenge of artificial intelligence rolled high on the agenda. the meeting is also a good moment to test the mood of the business leaders. to take the temperature of the economy and i must say these freezing climes. this year it seems businesses solidly optimistic especially about the united states with fears of a trade war easing, solid labor market strong wage growth especially for the lower paid, most ceos i spoke to seem to think the log u.s. expansion, now already ten years old is likely to continue. but, just in case you think i'm living on a totally upbeat note, i should add one word of caution. the sentiment in dallas is usually wrong about the airhead, just about as often as it's right. we'll that's it for us this week for the latest show updates be sure to follow me on twitter facebook an instagram. i will be back next week before week get the first votes in the 2020 elections in the iowa caucuses. joni for an in-depth preview of that right here on the wall

street journal large. thank you for joining us and goodbye from davos. ♪ ♪ >> barron's roundtable this week phillip morris ceo andre' calantzopoulos on with the cigarette maker is doing to help smokers quit. the return of boeing 737 max and how the crisis and the coronavirus will affect the flyers in stock prices. and billionaire investor mario give valley with the stock picks for 2020. barron's roundtable starts now. ♪ ♪. jack: welcome to barron's roundtable with the sharpest minds on wall street meets get behind the headlines to prepare you for the week

ahead. i'm jack otter and we begin with what we think are the three most important things investor should be thinking about right now. the deadly coronavirus' hits the market just as boring returns at 737 max how the two are affecting airline and supplier stocks. for big tech companies reporting earnings. which we expect from them. in the business of sports whether e sports teens and gambling stops can up your investment game paired other roundtable tonight my colleagues al rupe, carlton english, and jack howell. sowell, investors who are little nervous at the close of the week, the dow is off 170 points, but gold bonds rallied, this is probably related to the report of his second corona case of the u.s. nationally anything travel related is hit pretty hard. >> gap hotels, cruises, airlines tend to drop and things like this happen. and it sort of a double whammy for boeing. not only was there the virus

this week, boeing said that its troubled 737 max would not come back until the middle of the year. that was kind of the big purse announcement for the new ceo. and boeing stock in continues to be right where it started for the week even though they pushed the reentry of macs another three to four months out in the future. >> i keep hearing from people saying it's not going to happen even by summertime. they should just come out now and announce it altogether one-shot, that's very pessimistic and wondering if that level of pessimism in your view baked into the stock price here? >> boeing has lost about $65 billion in market value. it's doubt about 25% since this whole problem started. and if you look at the max as a percentage of boeing sales and earnings it's about 30%. wall street thanks about 30%. so taking a plane out of service and paying suppliers,

it's a big mess. but it's what we look at it. i think that investors have low to no confidence in the timeline, but i think if pressed, they still believe the max is going to come back, and even the ceo with confidence on his first call with the media, it will fly again. >> we got really good earnings news from netflix this past week the rest the fangs are gonna be reporting the next two weeks. why did you think about netflix because i know you're not crazy about it. >> will hold on, netflix is the best-performing stock of the past decade. if you've been cautious on netflix it's like you had an underweight rating on puppies and joy. it has not been a fun place to be and i won out. i look at the report, everyone says the u.s. subscriber growth but look at the international growth. it was wonderful. the company is still burning cash but it said last year was the most cash to burn.

i am trying to find a way to be optimistic. i need emotional support to get that. >> or behind you jack. your former stocks in your optimistic on those. >> we got apple coming out of tuesday, will facebook on wednesday, amazon thursday in the following week have alphabet on monday. if you are wondering whether you should only stocks, the rule of thumb i like to use yes yes yes and yes. all of them to me look reasonably priced, relative to great growth. >> apples low pricing for her not great growth prospects. >> the thing is most concerned about apple was this past year, we have not yet got to the 5g phones. maybe it will be off your nose can upgrade their phones. that has not played out. now we're at the point where investors are going to look for that 5g upgrade cycle which will be a good one. >> what about alphabet and then facebook, really nice growth from companies. >> facebook and google remain the place that all these

online ad dollars are funneling to. and when everyone is out there complaining how much they hate facebook and google, they're mostly complaining about her on facebook are using one of the google products and they gain users. they can grow the top line at 20%. we have never seen companies this big row this fast. jack: so your two bulls here telling something about amazon? [laughter] >> relative to this year's earnings, yes it looks expensive but the free cash flow is ramping up quickly. i think at this point you pick a couple years ahead and you said this company is going to grow into its valuation. >> what are not sure about is i am worried about people in direct competition with amazon. jack: okay bid package in the business of sports. we take a deep dive into gambling. >> sell online sports betting, we're talking drop kings for the two pure plays. this is a massive business and legalization comes in more states for you look at new

jersey they say about 25% of their business is new yorkers taking the train and gambling on their phones. >> the voting with their money for the winter. >> a lot of states are probably not going to adopt this but they don't want to miss that tax revenue so this is a huge business whether you like it or not, it's a business. >> speaking of like it or not, huge audiences to watch people play games on their phones. what's going on with this? >> yeah let's see sports in this game of legends and that you have 44 million concurrent viewers on this. and by comparison you went game seven of the stanley cup, i know you're big on this, you may be got 11 million. we may not understand it, it might not be our generation, but people are obsessed with this. >> i might still have my old atari machine with the pac-man think anybody would want to? >> pac-man it's a nostalgic factor absolute. it's been nine right jacqui

roda article on the sports package either a cave not super bullish on it. >> it's perfectly aligned for the ad agencies. you've got the olympics coming this year you've got an election year, and it's a great economy. they just aren't doing as well as you would want them to do in such a good year for them. so they look cheap, i'm not convinced they're worth buying here. jack: are a gambling is not the only category were looking at this week. coming up we have an interview with the ceo of phillip morris and he wants to take this cigarette out of the marlboro man's hand. we'll

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study found that 1 dollar invested in the stock market in 1900 way worth more than $40000 today care. impressive. but a dollar invested in tobacco stocks over the same. would have grown to more than 6 million. what will the future of tobacco look like? earlier this week we caught up with philip morris ceo andre' calantzopoulos to find out. andre' you said you plan to phase out cigarettes worldwide. how do you do that? >> by offering the people who would smoke and not otherwise clips, products that are noncombustible and they have less toxics and they are better than cigarettes. and we have a portfolio of products, some of the which no no tobacco, like the one that was recently authorized by the u.s. fda for commercialization. we also have what is more known to the public that is

even a. products. and we have the latest technology development in this domain. we also have products that have pure nicotine because we believed to convince the people who smoke today to switch out of cigarettes, you need to offer them a variety of products and they need taste and satisfaction that cigarettes are. gerry: do you use any of their products? be yet. >> yes since we developed it before was commercialized, yes. jack: so ... cigarette use is in decline with these others are in growth mode, how do you manage that as a business? >> well first of all as a company, we decided to do it as one company and not separate units. so we did not create a unit that is different to commercialize the.

[inaudible] but we said because they want to replace cigarettes we will do it as one entity. and at the same time, we clearly focus the organization on the new products by real callie new resources from cigarettes to these. and if i can give you some numbers, last year, this product we presented was roughly 14% of our revenue which is already remarkable. but 60% of our commercial efforts, both in marketing and sales went behind this product. so we are very serious in what we're doing. jack: 's you think wall street gets it? your shares have a 25% discount to staples which might be part of the course for any tobacco company. is that a gap you think you can close as wall street understands a storytelling? >> it may transition, there is

uncertainty among investors. so i think also with the events happening with the vapor in the u.s. which has apsley nothing to do with philip morris international, influence investors. because as we both know, stock market does not like uncertainty. but on the other side i think our investors recognize we are ahead of anybody else in our industry. and clearly, as we would deliver the results and consumers do switch, i think they investors will be more and more insured and obviously the share price will go up. we at the same time, believe the products we have are much more important public health. so it is good for the consumers, it is good for our shareholders, and i think it's a more sustainable business

overall. jack: can you explain the safety differences between a heated tobacco product versus a jewel type product? >> i think first of all we need to understand what happened because we need to separate jewel and youth use of nicotine because of the vapor category, that is a serious issue that needs to be addressed. versus the use of oils and vitamin e and typically our systems or some black-market products that created the unfortunate death and disease. this was misuse of products using cannabis oils in different substances that should not be used with this products. now the good news is, the both the fda and the center for disease control concluded that this had nothing to do with the traditional legitimate market ebay.

products. phi hope this is going to be behind us. jack: you are at davos what sort of grade would you give philip morris along those lines and importantly as we see the investment world apparently moving more toward sustainability and judging stocks, how do you expect that will affect your company. >> the biggest impact we have in sustainability in the world is by changing our products. because the most thing to do is to switch the other -- there are 1 billion people that smoke today, from the highest more ability products, which are the cigarettes too much products that are much better for consumers and they will have a positive impact on public health. so addressing our product impacts, is the most important thing we can do.

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jack: earlier this month we held our annual barron's roundtable atop investors give us their ideas for the ideas ahead. mario gabelli joined us at the roundtable and his back with us now. i mentioned earlier this big sports package in barron's this week we talked about liberty. and that's one of your picks for the year. >> 's been a favorite of mine for a while. jack: good for you is done very well. it's.

>> the braves in atlanta have done better on the field. if sports betting coming that's going to add value, that allows more people to watch it longer. and then they also develop the land around the city. the stocks are selling it 29, jon malone owns exit strategy they owned 20% of the voting stock. you should buy one share of baron's friends and own them both so they can move to the next. [inaudible] >> another player in the space msg they are about to split. the entertainment side of the team side? >> i understand the next have an enviable record and it's going to be hard to match. i know some people from philadelphia think otherwise. [laughter] ahead of that the stock is selling at 300, so i'm waiting to see, before i pounce even further, and we dealt with a lot for a long time with the balance sheet is get a look like. so keeping the teams here, spinning off the entertainment that's like madison square garden and so on.

we will see. but i am more interested. jack: mario are people missing opportunity from sports betting, it was once taboo and now all the leagues are essentially doing partnerships with casinos and having profits and games and things like that. >> it's fairly significant outside the united states. so you get countries we like that have an understanding of how to play" football, soccer for us. so the in game betting and online betting are important. today fox for example started they bought us peace of this sports group and they bought band do comets get a comeback. the teams and leagues are going to get a piece of the incremental revenue. we look at the whole echo system, we like it and we want to see it it's the adjunct to the bricks and mortar there's only 14 states doing it. jack: mario we are here on foxbusiness which is part of

fox. are you disliking fox stock because were here or you like it as a company? >> i don't like it being here but i do like the stock. their 600 million shares times 37 is what the numbers $20 billion. it's a spinoff from the new fox. they've got fox sports, fox betting, fox news, and they have a tsunami in that synonymy is what's coming up in the next six months which is near bloomberg and stier are spending a lot of money. and that's going to be helpful. short term they're gonna put wwe back on television, that's a challenge but they've got super bowl. i know you're going to miami to watch it. i'm a 49ers fan, sorry about that. one of my teammates gino to retta had played for miami and he played for the 49ers for a while, so i've got a room for the 49ers. >> i want to change channel viacom, cvs you like it and

will he be taken over like evan keeps asking? >> national amusements is 42 of the 52 million voters. there is an addition to that another 550 so-called 600 million shares, again 37, same prices fox. contents, they have paramount that's doing better. bob bacchus is doing a good job. in the cvs with question as they will access the coming along with this "star trek", is not going to help? but more importantly he knows how to put numbers together and motivate people. and how to spend money. they are going to have $30 billion of cash flow over the next four years cumulatively. that's after spending 14 to 15 billion a year. so can they pick the right movies? yeah i think they can do it. so the streets negative because the peacock -- disney and hulu. at fidelity, online u.s. stocks and etfs are commission-free.

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jack: for people concerned about tesla's valuation, jack, you have a very interesting play. you don't need to bet on tesla, gm, you've got chips it's going to be in all these cars. >> i'm looking electrification and automation for these at thomas cars. mike carr in 2018 is a level one, it will steer itself on the highway, but you have to keep your hands on the wheel. if i got another one at the end of this year will be a level three car you can take your hands off the will in slow traffic. my definition of a thomas is recline your seat all the way, both hands on a pastrami sandwich, you put the carrie underwood song jesus take the wheel, we will get there between now and then between

now and then by mxp semiconductor and lom semiconductor, bankamerica loves the stock. >> in these things trade tesla has the swings. if tesla gives you too much angst, but you've always wanted so in it, maybe take a look here instead. jack: you also have an electric carpet, al. >> if you have tesla falbo, you can look at the chinese electric maker. warren buffett owns 8% of it. it's actually a larger ev maker than tesla is in china. jack: cars are not quite as cool looking and we are going to go out with carlton's pick. >> 's picking this sports betting team are going for diamond eagle. it announced last month it's going to. jack: not making money yet, but a lot of potential out there.

>> a lot of potential, it's a bet, deafly about. jack: thanks for those ideas to remorse out this weeks of barron's.com different files on twitter at barron's online, that's all for [♪] lou: good evening, everybody. tonight we are bringing you the latest on the outbreak of the china coronavirus that killed at least 41 people and infected 1,000 others nationwide and around the world. while the virus is still spreading. right now the number of new cases beyond china is not particularly alarming. in the united states a second case has been confirmed. the patient is a chicago woman in her 60s. the centers for disease control said they are