political decision but here in hong kong we've had a another reminder every day we get a reminder of course of just how serious this virus is now being viewed hong kong disney has now shut its doors temporarily for the foreseeable future also ocean park another big theme park here in hong kong is also shutting its doors temporarily it wants to of course avoid any chance of this virus being spread and of course theme parks are a very popular with children they want at all costs to avoid the virus being spread to children as a result of that they get the school holidays and are being extended from now until the middle of february but of course it's 17 years since hong kong was hit by the sars virus which killed 300 people here so what lessons if any have been learned 17 years on finding out. china's leaders appear to have learned an important lesson from sars don't try to cover it up so this time honesty has been the strategy that's what president xi jinping has been demanding from his officials especially in the city of new hand with a virus 1st emerged in late november and this time china does appear better prepared across the border in hong kong with 300 p

political decision but here in hong kong we've had a another reminder every day we get a reminder of course of just how serious this virus is now being viewed hong kong disney has now shut its doors temporarily for the foreseeable future also ocean park another big theme park here in hong kong is also shutting its doors present trends lawyers have opened the defense of his senate impeachment trial they say he has done nothing wrong in his dealings with ukraine and if the charges are politically motivated it's very asking you not only to overturn the results of the last election but as i've said before they're asking you to remove president trump from the ballot in an election that's occurring in approximately 9 months they're asking you to tear up all of the ballots across this country on your own initiative take that decision away from the american people floods in southeastern brazil have killed at least 13 people 2 days of record rainfall fell and men yes that i state more downpours expected and thousands have been left homeless. rescue teams in southeast turkey are searching for survivors from friday's earthquake a 5 year old girl and her mother were pu

in hong kong, for example, they've closed hong kong disney, that follows with what they've done withw they're saying this will be indefinitely until they have a better sense of where all of this is going. the chinese authorities on site are saying right now that while this is not certainly contained, that they've got a better handle on it than they did a week ago. keep in mind a week ago there were two deaths, more than 80 right now. to tiananmen square rose tang who says be very careful what you're hearing from the chinese. she's been a longtime critic, she's put her life on the line, and she's just as skeptical of proclamations coming out of china right now. good to have you back. >> thank you, neil. neil: you don't trust what you're hearing. >> i can't trust them. i covered sars outbreak when i was working as a journalist in hong kong in 2002 and 2003, and in this outbreak is much, much worse than sars. neil: how did the chinese handle that at the time? >> their, first response is to arrest people for spreading the truth, for alerting the public of the outbreak -- neil: in other w

disney. they have closed the shanghai and the hong kong theme parks and disney is back to $137.onald's and starbucks, they are going to close some china locations. don't know exactly how many, but certainly some. both of those stocks are down. when you start using percentages to describe the gain or the loss, in this case a loss, you know that you've got a big deal on your hands. i have to say thank you very much to keith and to jeff and michael for being with us. very difficult market opening. gentlemen, thank you very much. >>> president trump welcoming israel's prime minister benjamin netanyahu to the white house. that takes place in about an hour. they will be discussing the president's peace plan for the mideast. we have our cameras there. we are interested in case the president says something. he often does. he might not be just about the mideast. could be about anything. we will bring it to you. >>> the meeting is just the beginning of an extremely busy week for the president and the whole country. he will be signing the usmca, he's holding two big rallies, one in new jer

to give you a perspective hong kong disney land while it was still open and dealing with the disruptionsts and stuff management guided to an $80 million loss in the fiscal first quarter so you have to assume that the hit per quarter would be greater than that. >> how big of a deal is this for disney overall >> i don't think it's a huge deal from an investor perspective or stock perspective right ow you mean six weeks. >> at least. >> we were talking about schools being closed down for the middle of february. if authorities are worried about kids going to school, something like an entertainment that you don't have to do. >> people aren't going to go and then you start talking about the hit to the movies: the live action mulan in the end of march. that also begins to impact the studio business a little bit for disney. >> when you think about amc and imax, how much can they lose >> we know imax better since we don't cover amc. 30% of revenues of imax comes from china movie theaters are closed. they had four films coming out after the lunar new year is this a buying opportunity this is a six

that is not the only investment disney has made in china. they have hong kong. have made a good push on consumer goods, on movies, disney has put a big bet on china. kailey: it absolutely has. asia makes up about 11% of the company's revenue. the hong kong park has had struggles. we saw in last quarter a big hit because of the protests in hong kong. now we are seeing two asian parks that have weakness in revenue. this is all happening during the lunar new year period where a lot of families are traveling and they may not be doing that anymore. david: that is not the only thing disney is doing. they have disney plus, which is way outperforming projections. kailey: it really is. you have an analyst at morgan stanley lifting his price target on disney because of the strength of disney plus, saying it is scaling so much faster than could be anticipated, showing strength and taking hold. if there is a bright side to look at the coronavirus through the disneyland, -- through the that may be a boost to streaming. instead of families going to movie theaters, they are st

disney's parks division is already suffering from lower attendance from hong kong due to the protest, calling a $15 million decline, and disney warned there could be more impact if protests were ongoing in hong kong back to you. >> dan, where do you stand on the impact of this it's been a soft couple days,. >> no do you about it. julia just laid it out as far as hong kong and shanghai the overall contribution is no big deal i think investors are prepared for the weakness we know that comcast has been down 5%, 6% because of their subscriber guidance. that's the thing weighing on the group right here disney, i suspect when we've seen overseas, it's been a buying opportunity we know the stock will trade off their new streaming initiatives. to me i think below these levels, you know you have a range of gap above 120 it's likely to, i would be a buyer between 120 and 130. >> another area expected to get hit bid the coronavirus outbreak is retail. piper out with an outlook as some of the most at-risk brands amid this outbreak we wantto get more from dana from the telsy advisories group. the

the hong kong economy some of the some of the hong kong's biggest tourist attractions have now basically shut their doors for the foreseeable future including ocean park behind me as well as the disney theme park and of course just a few days ago the shanghai disney theme park closed its stores for the foreseeable future so this is all starting to take a toll on hong kong's economy we heard from the chief executive carrie lamb on saturday when she stressed that she was not in favor of closing the border between hong kong and china that's what many people in hong kong want to do but of course that's a decision that could only really be taken by her political masters in beijing or adrian brown there in home cold thanks for that. researchers at johns hopkins university in the u.s. are mapping the spread of the virus the bright orange dots show the areas in china where cases have now been confirmed the majority are in a province where the 1st outbreak was reported millions of people in china now face travel restrictions and around the world there have been confirmed cases in several countries security forces in iraq have killed 5 protesters during a crackdown on anti-government demonstr

disney shutting its park in shanghai. shutting the park in hong kongau, i was looking at numbers, during the golden week, the new year for china, macau golden week visitors from china down 64.7% year over year. so this is not only a tragedy for when you look at the number of people dying here, because of coronavirus, but this is going to have a serious impact on the chinese economy as well. dagen: we could talk about that as the morning moves on but the chinese economy is much more vulnerable to a virus like this than it was in 2002, 2003, during sars, because of the high speed trains, it's much easier to transport this virus, just throughout that country. and it's also as an economy much more dependent on consumer spending. so those are the two things that make it a much more dangerous situation and precarious. maria: we have a lot of things on the hot wire. we've got just getting started but a lot of news this morning. stay with us. we'll slip in a short break. we're looking at google in the hot seat, state attorneys general meeting with justice offi

areas and we work followed suit closing $55.00 offices across china while disney closed its theme parks in china and hong kong as it continues to monitor the situation and when resorts while still open for business at the peak profit time of the year is requiring casinos to screen guests for high temperatures all this as the number of corona virus infections has now surpassed sars the sars outbreak cost the world economy an estimated $40000000000.00 not including the indirect damages incurred years later as a result of the economic fallout. and with more we welcome richard wolfe host of the economic update so richard as we face an uncertain future we always try to find comps to see how historically we've weathered the situation so right now the current outbreak is spreading faster than sars which cost the world billions in the aftermath so how big of a hit will this be to the market and could this potentially be the catalyst that triggers a global downturn. let's separate those 2 questions it's very hard to know as you indicated how bad this thing will get the fact that it's bad at the beginning is a negative

hong kong's tourism industry already reeling from months of protests ocean park one of the most popular tourist attractions in hong kong has announced it's going to be closed until further notice the same goes for the disney theme park on land near here that's also going to close until further notice both places extremely popular with tourists from the mainland and as i say it's another nail in the coffin of hong kong's ailing economy tourism arrivals here in hong kong have dropped by more than 50 percent in the past 6 months and of course tourism is the lifeblood of the hong kong economy but these places are going to remain shut until further notice because the authorities here are anxious to try to further contain the spread of this virus so far there are 5 confirmed infections here in hong kong but also several 100 suspected cases now of course this all has echoes of the sars virus 17 years ago almost 300 people died then so what lessons if any have been learned since that time i've been finding out. all right thanks so much adrian brown there. security forces in iraq have killed 5 protesters during a crackdown on anti-government demonstrations police in the capital moved into streets near to where you

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. well here's a look at just how much travel china generates the country has become one of the most important sources for outbound tourism in the world in 2018 there were more than 130000000 chinese who made trips abroad southeast asian countries are among the top destinations but the u.s. has become a popular destination as well in 20173200000 chinese visitors travel to the united states talk to patrick tang is the division chief of pathology science isn't sidra medicine it casa that explains how the outbreak compares to that of the sars outbreak 17 years ago. we know so far about this novel coronavirus in china it's it's probably less lethal than sars so o

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned research is a johns hopkins university in the u.s. a math in the spread of the virus the bright orange dots here show the areas in china where cases have been confirmed the majority of those are in a province where the 1st outbreak that's reported millions of people in china now face travel restrictions and around the world that been confirmed cases in several countries. running battles a broken arm for a 2nd consecutive day in iraq as security forces fired tear gas and live bullets to try to clear anti-government protests the current town began on saturday shortly after influential shiite cleric. withdrew his support for the demonstrations let's go live no

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned or tara just heritage is the spokesman for the world health organization we spoke to him earlier from geneva he says there are multiple measures people can take to protect themselves. so to general law they're also those issues that this is already an emergency china and there is a high risk of spread to other countries now we can reconvene arts you could be a very short notice and we are obviously considering the. situation but the what is really important to say is that the clearing lot of works or not does not mean that there are not to be dispy done for the deewana is in contact daily contact with chinese authorities trying to understand that this situa

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. more now on our top story los angeles lakers legend bryant dying in a helicopter crash he was 41 years old we can speak in tongues and a former n.b.a. writer at sports illustrated magazine joins us live now from boston and so as you've been saying he was a 5 time n.b.a. champion 2 time olympic gold medalist but really he was so much more than this how would you describe bryant. you know what when michael jordan left the n.b.a. years ago kobe bryant was seen as a success or he was the guy he was going to fill in for college for michael jordan replace him as the greatest player ever he came very close to doing that he won 5 championships one of the leading s

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. at least 5 rockets have been fired near the u.s. embassy in baghdad green zone sources say that there are no reports of any casualties but it comes after iraqi security forces fighting gas and life plates in the new clashes with protesters the crackdown began after influential shiite cleric my toddler son there withdrew his support for the demonstrations on saturday. dozens of protesters were injured in baghdad and in the southern city of nasiriyah as police try to clear a city and camps protest as a seeking the removal of what they see as a corrupt ruling elite and an end to foreign interference and ron khan has been at the protests in baghdad where take

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned running battles have broken out for a 2nd consecutive day in iraq security forces fire tear gas and bullets to clear government protesters the crackdown began on saturday shortly after influential shiite cleric. withdrew his support for the demonstrations imran khan has been in central baghdad and has this update on the protests and the security forces response. this is colony square in central baghdad just over there you can save a tear gas being fired by anti-riot police into the crowds there are hundreds of people here well they're doing is they're coming in from takrit square just behind me and they're moving towards where they gathering in the hundreds

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. china's leaders appear to have learned an important lesson from sars don't try to cover it up so this time honesty has been the strategy that's what president xi jinping has been demanding from his officials especially in the city who hands with a virus 1st emerged in late november and this time china does appear better prepared across the border in hong kong with 300 people died during the sars outbreak important lessons. also appear to have been learned all arriving airport passengers have the temperatures checked suspected virus sufferers are immediately quarantined those who refuse face jail and there's better protection for medical workers age of whom

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. of 5 cases have been confirmed in the u.s. the centers for disease control and prevention says all the patients recently traveled from her on in china with more on that let's bring in kristen salumi who is live for us from washington kristin what more can you tell us. well of the 3 most recent cases 2 are in california one is in arizona as you say all 5 of the people with the virus did recently traveled to hahn that's an important point we don't know a lot about the individuals we know there's a 60 year old woman in chicago a 30 year old man in washington state and the arizona case involves someone affiliated with the university there so that's being close

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. so i'm joined now by heidi lawson a professor of anthropology at the london school of hygiene and tropical medicine does the latest information suggests that the virus is becoming harder to contain well it's as you have more people to spread it spreads more quickly so i think that the efforts in the restrictions they're putting on movements is is appropriate to try to contain this right now but is it becoming more contagious the virus itself well that's the that's not clear it seems like it's spreading more but you also have more people to spread it so whether that's the virus or virus getting more potent or more people spreading it more movement so that's

the hong kong authorities have announced that a number of big tourist attractions in hong kong are going to close for the forseeable future that includes the ocean park theme park and also the big disney theme park that attracts hundreds of thousands of tourists every year just a few days of course disney announced that they will be shutting their theme park in shanghai also for the forseeable future it all has echoes of course of the sars epidemic from 20022003 in which 800 people died so 17 years on what lessons have been learned. well protesters angry over the hong kong government's handling of the outbreak have set fire to a housing complex that was going to be used as a place to quarantine people 6 cases have been confirmed in hong kong and 107 patients are in isolation. where the new form of corona virus is believed to have originated as the busiest international airport in central china on thursday airlines began cancelling flights to and from the city but before the shutdown flights from were going to 30 distillations outside mainland china that's including 21 cities in the pacific 5 in year one in the middle east and 2 in the united states the number of domestic destinations

disney resort in shanghai. elsewhere, here in europe, three cases have been confirmed in france. and four people have been diagnosed in australia. hong kongas declared an emergency in the province. simonjones has this report. for some, the holiday celebrations have begun. but in wuhan, the epicentre of the outbreak of coronavirus, it looks more like a ghost town. home to around 11 million people, while the streets are empty, the hospital's aren't, overwhelmed with potential cases. the symptoms include coughs, fever and breathing problems. the city is now rapidly building a new hospital which will have 1,000 beds. it could be ready within days, a sign of the concern about the virus. some tourists flying out of china to the us were relieved. we were cool at first but then when everything started shutting down we thought we should leave. i have been in and out of china a few times and this is one of the rare times that i felt like it was time for me to leave. in france though, confirmation that the virus has spread. translation: we have today, the first european cases. it's possible that we have them because we developed the test very quickl

were to see the chinese growth come to a halt, because you've got things like disney shutting down its disneyland in hong kongutting down its property in shanghai, traveled to macao, real destination spot, down 67% year-over-year for the lunar holiday. if you have the growth of the economy in china slowed down, that could impact the broader economy. that's what analysts and economists today are trying to make estimates on. how much will the chinese economy slow? what does that cut into global growth? right now there is one from that i looked at, cornerstone mike rowe, nancy lazar says it could cut global growth by four-tenths of a percent. a lot of people expect a very good year in the united states. david solomon, ceo of goldman sachs, he said expect three to 3.5% and economic growth for the u.s. this year. this change that scenario. >> ed: to add to that mixing earnings reported for a lot of big companies like boeing with all their planes, amazon, all of their shipping. how does that fit in? >> obviously it's a major economic indicators. if you got slower growth you will see a hit shipping. you will see a h

really the one that is tanking is hong kong, more than 7,700 people are sick, we are told, the outbreak is causing companies like google to close offices, facebook, disney, all restricting company travel, starbucks and mcdonald will shutter their stores in and around the area as well, delta joining 16 otherrarylines suspending flights to and from china. joining us right now leland miller, leland, great to have you, to talk about the impact here, i read a litany of companies doing what they're doing, you the travel bans from china, that's going restrict chinese tourists, it's in some cases people saying it could take china's economy to a halt, what does that mean for the rest of the world? >> take the next quarter of chinese growth and throw it in the trash can because they will not be doing anything in this quarter, they're not going to do that because that's not within party control. have the chinese done enough to bounce back, stabilize, and the question is out on that because nobody trust it is information coming out of china. >> so, sorry, looking forward, we just -- we have a resolution on the trade deal but the president spent a couple of years ta

in today's off the beaten street, disney is the latest pressure under pressure -- is the is the latest company under china.e in kong andt between hong look next at today's trader's take. if you are heading out and jumping into your car, tune into bloomberg radio on sirius xm channel 119 and on the bloomberg business app. this is bloomberg. ♪ lisa: time now for our trader's take. joining me now is luke kawa, bloomberg cross-ice at reporter. he is focusing on -- cross asset reporter. he is focusing on high-yield bonds. luke: we were supposed to have been worried about ccc;'a lots ccc'syear -- about last year. that is certainly the case for the high contingent of oil related junk bonds, gaining steam with results from the higher oil prices. that said, how much is this sort of a great example of how the central bank is stimulating all asset classes? you are seeing yield puts go down on the rates side as well as the credit side. luke: there's the potential for very opportunistic issuing. geopolitics hasn't really slowed the issue at all. issuancesf energy coming this week that will be closely watched try to determine the extent to which