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larry kudlow said his hope is we have an export-led rebound in the u.s. economy in the second half of the year, because of the ordering times and supply times, when you look at retail, do you see any sign that we might have this pent-up demand that gets pushed toward the back half? >> you probably will have some, but a lost sale is a lost sale you just don't make up a sale that's lost. you're hearing that companies overall have inventories essential through easter, some have a bit past that, but the back-to-school ordering process starts to take place sooner or later. as a result are there going to be less goods? and will consumers have to pay a higher price for those goods if there's any impact of coronavirus here in the u.s., consumers confidence has been holding up the market. if we have a weak link in consumer confidence, that's a concern for the back half of 2020 >> do you think there's retail that's more insulated, and the china effects than others? and they would include such names as tjx, costco, some of the home retailers and so forth. explain th

>>. >> listen, larry kudlow isn't necessarily wrong. from a numbers perspective, they're very similar. when the market dropped during the financial crisis, underlying fundamentals were disastrous. right now we don't know the risks associated with the coronavirus and how you would normally say no news is good news. in this case, no news has people more and more concerned. two days ago when we first heard from the white house, yes, they were caught flat-footed. you had a lot of people not in roles to address these kinds of things. remember, tom bossart used to be the homeland security adviser. when we saw john bolton take over, he wasn't replaced. the white house was flat-footed a few days ago. the lack of information from the white house for the last few days has sent the markets down but also it has caused governments and companies to change their behavior. so goldman sachs isn't wrong when they're dropping their forecast for growth and tim cook from apple isn't wrong when he is somewhat optimistic. both can be true. this economy has be

a welcome back i spoke with white house and national economic counselor under president trump larry kudlow and whether we can expect tax cuts to point out this year. watch. maria: at such a mixed week in terms of market performance and what investors were focused on, whether it be that strong backdrop or the fears of the coronavirus. give me your assessment on where we are right now in terms of economic growth, larry. >> look, i think the fundamentals here in the u.s. are superb. we are in a blue-collar bedroom -- we are actually in a woman's boom and we'll talk about that later too. we had a huge job numbers a week ago, wages are rising, the low wages are beating -- the production workers are beating the managers, that's very important. we are seeing a big pickup in housing, maria, that is going to be very important. i don't know, we have to fight off some bowling headwinds temporarily, maybe some virus headwinds temporarily, i still think, after two big trade deals, in china and usmca, because of the president's policies of tax cuts and deregulation, and energy independence and greater m

my thanks to larry kudlow, more wall street right after this.isher to johnny next weekend that'll go for this weekend we will be here once again next friday night, 9:00 p.m. eastern join me for my special interviews in the coming week plus the 70 over the fox news chatter sunday morning futures is live at 10:00 a.m. with arkansas republican senator tom carton and kevin mccarthy, catch the show live and then right foxbusiness start smart for mornings with maria at right here in fox news. we've got a big week next week, former l.a. mayor and former dnc chair and federal reserve chairman my special guests in the week ahead. on mornings with maria have a great west of the weekend everybody thanks for joining us have a happy presidents' day on monday. see you next time. gerry: hello and welcome to the wall street journal at large for about much of the news coverage since it was on the first the nation presidential primary new hampshire changing dynamic in the democratic party race. the other headlines on the continuing worries of the coronavirus. a d

i can teach larry kudlow an old chinese proverb. give an inch, you take a mile.ntil it's a humanitarian issue, i think we need to stick to the president's amazing achievement and make sure this trade deal is enforced. lou: thanks so much. former white house national security advisor john bolton claims the white house is censoring his upcoming back. speaking at duke university, bolton said quote, i hope it's not suppressed. this an effort to write history and i did it the business i can. we'll have to wait to see what comes out of the censorship. no former national security advisor has ever, ever written a book while the president they served under was still in office. not one. joining us tonight, fred fleitz, national security expert. it's great to have you with us. stunning that bolton would be so arrogant as to label as citizenship the responsible review of that book by a national security advisor. >> i called for ambassador bolton to withdraw his book and follow the precedent bob gates followed. he let three years go by after the 201 election. lou: out of 10 n

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. >> i want to bring it back home, larry kudlow is giving fox business more details on the presidents tax cut 2.0 playing, let's play the soundbite. >> are you working on another tax cut? >> yes we are coming tax cut 2.0, a meeting in the oval two days ago, he looked at me and said let's get it out by september, we would love to have a 10% middle-class tax cut and we would love to strengthen and make permanent some of the other tax cuts. >> curtis, every single democrat running for president has a plan

my thanks to larry kudlow, more wall street right after this. ♪ ♪ ♪ ♪ ♪ ♪ wherever we want to go, were with chase. chase. make more of what's yours. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. maria: welcome back wisher to johnny next weekend that'll go for this weekend we will be here once again next friday night, 9:00 p.m. eastern join me for my special interviews in the coming week plus the 70 over the fox news chatter sunday morning futures is live at 10:00 a.m. with arkansas republican senator tom carton and kevin mccarthy, catch the show live and then right foxbusiness start smart for mornings with maria at right here in fox news. we've got a big week next week, former l.a. mayor and former dnc chair and federal reserve chairman my s

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. >> and yet we hear larry kudlow -- >> you go ahead.> larry kudlow suggesting and the president saying, you know, look this is going to go away. this is going to end. larry kudlow suggesting get into the stock market. >> i think for the president's adviser to be giving stock investing advice on market timing to the public is really a very poor, muisguided performane of his duty. and anybody considering that advice should think about this. if larry kudlow thought it was time to sell stocks, is there any chance that he would say? >> no. >> and if you're listening to somebody who's only allowed to have one opinion, when they express that opinion, should you take it very seriously? and i don't think anybody looking for investment advice should look to larry kudlow. people don't know whether the market's going to go up or down. and what people should do is diversify and maintain safe positions, not day trade based on the advice of the president's chief economic adviser. this is almost calculated to destroy his credibility because even if he

you mentioned larry kudlow will be coming up in the next hour on fox business. your interviews with mr. kudlow before have moved markets. i know market participants will listen very closely to what mr. kudlow has to say. one benefit you look for a bright spot in all of this, is ironically the selling and pessimism. i looked this morning already, we have 1,000 new 52-week lows, only 25 new 52-week highs. that's an extreme level that historically tends to provide at least some level of short-term support. stuart: have you ever seen anything like this before? >> the severity of the decline from the high, as you mentioned, no, we have never seen anything like this. you have to go back to maybe early 2001 with the tech wreck. you saw something like this. but down 15% from an all time high with this type of speed, you never have seen it before. i haven't. ashley: what was the percentage loss, you talked about it this week on black monday, october 1987, how much percent? stuart: 22%. as i recall. i believe that day, october 19th, 22%. susan: 500 points, right? 500 point

lou: i want to turn to the historic trade but larry kudlow.e will be willing, he speaking perhaps for the administration, that he would be willing to defer the onset of the first parts of that trade deal which would be $200 billion over 2 years. who i'm fond of larry kudlow, but i think he's wrong on this one. lou: you know what i am going to do? we have a hard break. i will ask you to stay with us through the commercial break. we'll be back on why you are right. stay with us. thousands of women with metastatic breast cancer, which is breast cancer that has spread to other parts of the body, are living in the moment and taking ibrance. ibrance with an aromatase inhibitor is for postmenopausal women or for men with hr+/her2- metastatic breast cancer, as the first hormonal based therapy. ibrance plus letrozole significantly delayed disease progression versus letrozole, and shrank tumors in over half of patients. patients taking ibrance can develop low white blood cell counts which may cause serious infections that can lead to death. ibrance may

it's a problem everywhere. >> the cdc headlines, i asked larry kudlow a lot about what they said. think it will be on the cover of every nightly news report all over, people it all over people's smart phones, wherever they get news these days, meg, do you think they're going to not backtrack per se but want to add some context maybe so that -- is there anything they know that we don't at this point? or are they just saying to people, look, obviously the coronavirus will spread to the u.s. now, but that's panicking people, i think. >> it was certainly a ratcheting up of the tone we have seen. the doctor was asked where she made those comments. she said what they're doing is looking at the spread that we're seeing in other countries like italy, iran, south korea, japan and saying base on that spread, it is very likely we're going the see this here. the dr. from the nih was just on msnbc and asked about the comments too he said the risk right now in the u.s. almost nonexistent. >> right. >> but still because we see that spread elsewhere, it's inevitable we'll see it here. >> we appre

at the same time, larry kudlow said in his contained and cdc said is widespread in the question is when. there is no plan. the administration has no plan. they have [applause] repeatedly in our lines of defense. whether it is in the cdc, or than the national security council free cdc has a couple of years ago, people in 49 states. sorry, cdc had people in 49 countries. those were the frontlines to prevent this from coming here. now there are only ten. the administration is an adequate and all the ways they have cut healthcare, recess now. they're a million people who do not have coverage. they're not going to get tested. when junk plans, do not cover testing which most of them don't, people are not going to get tested in the coronavirus spreads. so we need this administration to put together a comprehensive plan. we need certainly adequate funding, we need to reimburse the state from localities for the funding that they have put out. we need one person in charge. not a right wing who has no express in healthcare and no experience in merging diverse points of view. we need a professional

and bring in white house economist larry kudlow. i want to see a smile, larry. not seeing it yet. there you go. okay. go ahead. take your victory lap. because i think that was a terrific jobs report. >> yeah, it's a blowout number. 225. by the way, the household survey which is heavily weighted toward smaller business was up 418,000 and stu, i want to couple this, we have had a whole spate of good news for the month of january. ism manufacturing got back to 50, ism services got back to 60, which is really a blowout number, extremely strong housing numbers, unemployment claims rock bottom. they may go below 200,000 next few weeks. that's a great leading indicator. and of course, the stock market was up about 1,000 points. i just think that the economy's getting off on the right foot here in 2020. and you know, we got head winds, we have to worry about the coronavirus, i understand that. we have a boeing problem. but i think we're in very strong territory right now. stuart: i suspect, larry, that the stock market has moved down this morning because with such a str

i don't know if you had a chance to listen to larry kudlow from the nec.mic growth here in the u.s. will be fairly strong. what is your view in terms of the overall impact knowing of course how uncertain everything is right now in terms of the virus and its impact in china and on supply chains and economies around the world >> i agree with both jim bullard this morning and larry kudlow that first it's a little early to tell. and it's a wild card factor but i think we should not panic at this stage that it is going to have a major impact on the year i think the federal open market committee members are likely to look through this unless the evolution of this is very, very severe so i'm in general agreement with bullard and kudlow, both >> and again, in asking mr. kudlow about the move in yields on the 30 year in particular to all time lows, he suggested safe haven. are yields telling us anything at both the 30 and 10-year level how low they are >> i don't think they are signals about the economic future in the country. i really do believe these are the resu

but i think larry kudlow is correct.here is nothing i can see in the horizon that would indicate a slowdown in the market and the economy. gregg: bill, is it your view there is an overreaction that may be unwarranted? >> let me he you why i believe that. a lot of my former colleagues on wall street are engaged in what if trading. one trader tries to one-up the other trader. what set it off was the vote of no confidence when the virus spread to the european continent. the european health system is not one the traders trust. the lack of information promotes the what if the worst case scenario. people are realizing it's not the what if scenarios that matter, it's the what will be that makes money. it would be very helpful if larry and others in the administration cop out and say here is a daily briefing of what we know about the virus and how it spread and how contagious it is. gregg: we rely on china for electronics and toys and clothes. hundreds of products as well as -- this is the important part, components of products

instead, larry kudlow warned of a much bigger threat.his. >> numbers coming in on the economy have actually been quite good, including today. investment is up. personal income and spending, consumer spending is up. confidence is up the virus is not going to sink the american economy. [applause] what is or could sink the american economy is the socialism coming from our friends on the other side of the aisle. [applause] >> jason: so we have we seen the worse of the caronavirus downturn or more to come. joining us with the very latest from the fox business channel is susan li. susan, what is the latest from your perspective? >> well, jason, i have to say yes to quote warren buffet who the is most sufficiently investor of all time. when people are fearful that's when you get greedy and yes you have seen fear this week with stock markets seeing worse week since 2008 in the financial crisis. but, i would say that today's market actually should give you some confidence because on a friday, typically we head into a weekend and investors don't r

larry kudlow, come back soon. have a good weekend.rats coming off a week that included a confusing caucus result in iowa and the republican-led senate vote to acquit the president. now the focus was on to new hampshire. a debate later tonight prime time. former dnc interim chair donna brazile joins me with her take on that in a moment. all th. now we're debt free and visiting places like this... thank you guys ♪ ♪ ♪ everything your trip needs for everyone you love. expedia. let me tell you something,. i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio and so much more. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-obligation reverse mortgage guide. with a reverse mortg

larry kudlow, however, tried to do downplay the economic news.far, the numbers coming in on the economy have actually been quite good including today. business investment was up. personal income and consumer spending is up, confidence is up, all these federal reserve surveys are not showing supply chain breakdowns. >> none of those were taken in the days we've understood this to be a major concern and there were several supply chain breakdowns. we heard it directly from companies from china and use parts from china. that's why kudlow's words did virtually nothing over supply shortages and various products of medicines. according to cdc, a government agency, reported first shortage of a drug related to a manufacturing site in, are you sitting down for this, china, a lot of our stuff comes from, drugstores like cvs and walgreens are warning of shortages of hand sanitizer. we know masks are not available and could cause bare shelves at targett and walmart by mid april. economic council for obama and clinton. it's a bit of a problem because we live i

market only went down. >> i think the market went down not because of what larry kudlow had to say, i think it went down frankly because what the cdc had to say, you had a combination of professional we'll take some money off the table because we don't know what to happen next and you had a mom and pop read the headlines and either go on e-trade or call their broker and say, i'm going to sell something now too because i'm not sure what will happen either. i'm not convinced this is a cdc versus larry kudlow and the markets taking one thing away from trump and one thing away from the markets. or one thing away in the cdc. i think this is a public story and as long as the cdc is publicly telling the public one thing, we'll see what the president has to say tonight and see whether that creates more confidence or not. >> andrew made a really good point that we want to remind people. just because investors are selling doesn't mean they think disaster is ahead. they may want to take a breather and the market's had an extraordinary run. jeff and andrew, thank you so much. >>> now we have to

white house economic advisor larry kudlow tells bloomberg chinese president xi jinping told president trump iphone phoneg will keep up --by beijing will keep up its end of the deal. >> he assured president trump while there might be some delays in the purchase of american exports, the job, the markers, the $200 billion over the next couple of years will be met. has: kudlow says china informally asked for exceptions to the purchasing targets, but the leaders and staff are talking. heavy rain is drenching parts of the fire in australia. it is causing some flooding in sydney and bringing relief to firefighters dealing with dozens of glazes in new south wales. more than 40 fires are still burning in the state. 17 are not contained. the places that killed at least 33 people and destroyed more than 3000 homes. at least five people are dead and more than 300,000 homes are in the dark after a powerful storm ripped across the southeastern united states. the weather destroyed mobile homes in mississippi, alabama and florida, because mudslides in tennessee and kentucky, and flooded communities t

this, as larry kudlow is speaking at the moment, saying the outbreak has been contained in the u.s., there have been no supply disruptions resulting from the coronavirus. let's discuss the outbreak and how this is affecting the markets with evercore isi's senior marketing director, dennis debusschere. key question right now with the 10-year at a record low, is this the time to buy the dip, or are we heading toward something more serious? dennis: there are too many unknowns. we are dealing with a probability distribution that is hard to figure out. we don't know if things are contained in the u.s., or anywhere. two, the duration of the problem. in the early parts of this, it was simpler when a narrative was it was going to be contained to china. as long as global demand remained robust, you could assume some snap back. people are just waiting for it to show up on long island. i say that because i live there. anywhere that is local. shery: i'm actually surprised it has not shown up yet. but it is spurting everywhere. assuming inle are the market, which is why you are seeing what you ar

larry kudlow says the virus is contained. there's no scientific evidence for that.ay the director of homeland security couldn't answer the basic questions from senator kennedy. that is going a sow a lot of discord and concern. when you have a major public health threat, you have to prepare for the worst and hope for the best. and as an indication that the country is not as ready as we could possibly be. now, the candidates tried to address the issue of why we're not. but more importantly as a country, we really have to be thinking about this because it is a very serious public health threat. and if you just blow it off, if you're not transparent and don't address it forthrightly, you can cause panic. you don't have to panic, but you have to be prepared. there's a lot of evidence we're not as well prepared as we should be. >> there are officials at the cdc suggesting that parents call the children's schools to figure out what the contingency plans are if the schools need to close down. we'll get to more in a moment. karen, i do want to address something that mayor la

why is larry kudlow saying anything about this -- >> exactly. >> i'm not aware of where larry kudlow an epidemic now, coronavirus epidemic, and what i want to hear, who i want to hear from is someone who can tell me how it's going to affect the united states. and the people with medical training are telling me that my family needs to be getting ready. again, listen to what dr. nancy ma masoonia said. she said it's not a question of if this will happen but when and how many people will have severe illness, disruption to everyday life, maybe severe. she says she's called her kids' school to find out what their contingency plans are if they have to shut down. she's saying that people have to figure out what happens if they need work remotely. now, i think this is what caused the market fear. nod up and down if i'm right. the statements from her caused the market to get nervous. investors are saying, wait, i need to be worried about my kids' school, the office shutting down? >> i think the markets are not a perfect mechanism for, you know, looking and trying to put all of the pieces toge

i look larry kudlow.s might be a bad time to start looking at some of the blue chip stocks, but this has a real economic impact. obviously we'd seen it in china where factories are closed down and you see schools closing down. i do not think you'll see anything like that in united states but you always have to worry about it. >> martha: michael bloomberg talking about all of this in the rally today and president trump. >> the stock market plunged out of fear but because investors have no confidence of the president is capable of managing the crisis. >> martha: is interesting because he said one of the reasons the market fell is because investors lost confidence when they saw the democratic debate. which is it? >> i thought that was a cheap shot by michael bloomberg because i actually think, he's handled this so professionally. he reassured people. i do think there's a little bit of an impact in the bernie sanders -- you know, you talked a lot about it on the show. people are worried about a guy who's anti

national economic council director larry kudlow criticized the response yesterday. theredlow: we thought would be a bit more transparency. we are more than willing to work with the ua joe on this, and they won't -- with the who on this, and they won't let us. i do know that apparently more and more people are suffering over there, and that is not a good thing. vonnie: beijing says u.s. health workers are welcome to come. the world health organization says nothing has been decided. let's get to beijing and bloomberg host tom mackenzie. who do we trust? where is the best information coming from? i think we still have to look at the who and their experts in terms of what they say on the virus. there is still uncertainty as to whether u.s. experts are allowed on the ground, and clearly, washington has been pushing that. china has been dragging its feet, even if it says you're welcome. we have had no concrete confirmation that u.s. experts will be allowed on the ground in wuhan. that is important because we are looking to these officials as they spend their time in the c

i could teach larry kudlow an old chinese proverb give them an inch and they will take a mile.. i think we need to stick to the presence amazing achievement to make sure the trade b. was in force. lou: dr. michael pillsbury is always great to have you with us. thanks so much. former white house national security adviser john bolton now claims the white house censoring his upcoming book is speaking at the duke university -- quote i uphope it's not suppress producs an effort to write history and i did it the best i can. we will have to see what comes out of the censorship. are you ready? no former national security adviser has ever, ever written a book while the president they served under was still in office , not one. joining us tonight the national security expert president of the center for security and policy. great to have you with us. stunning that alton would be so arrogant as to label a citizenship the responsible review about look by a national security adviser. >> well you know i've called for him to withdraw his book and follow the president of bob gates fellow. he re

cathy mcmorris rodgers: i would sit down at the white house with larry kudlow.are in top of this. they thought that we had president donald trump and the administration right now, that believes in american leadership. collect and is taking head on pretty larry kudlow and the trump and ministration is working right now i'm bringing these leaders together, american industry together so that we can be smart, we can be strategic we can be putting forward a plan that will be american-led with american principles and american values. james: we should've started here, what is 5g. it's not just one more letter and number. 5g's to telecom infrastructure and what a pen and pencil is to a computer. this is the transformative technology that people my age, have seen this incredible transformation. more power here, then putting the space shuttle in orbit. that is the transformation that is coming. and when you take that capacity which will be across all of your infrastructures throughout your entire country, all of your friends and allies, and he went to it, the computing po

on the phone tonight just a few hours ago with larry kudlow, the white house economic adviser, peter navarro, and other white house officials and top gop donors are paying close attention to this. pause they see the stock market and the dow jones average going up to 29,000 is central to the argument they're making to the suburban voters this fall. more central is making sure they're getting information from china. this is not a coordinated response at every level and there are many exams with global partners. >> shannon pettypiece, the white house reaction, what they make of the current state of the democratic race. >> so it seems that there's an increasing acknowledgment that bernie sanders could likely be the nominee. i mean, i think all of us are sort of seeing that path and certainly within trump world there's -- that's their assessment and they're starting to game plan and talk about the scenario that you're facing a sanders nominee. while there's been a lot of salivating among the republicans and the allies about what they means pause they see the sanders' policy so far to the

larry kudlow giving a briefing in the white house briefing room. when i asked him about coronavirus and talking about just in general how this was such a great time to invest in the stock market. you know, of course maybe that's one thing you can say when you have unemployment or, you know, high or some bad economic indicators, but we're actually talking about thousands of people dying. that's why the stock market is low. so it's essentially looking to make a profit off of the deaths of thousands of people and the potential deaths of thousands of people more. but i mean i think the president, as we saw with his tweet today, saying everything is fine in the u.s. and of course it is at the moment, but that is not the problem. the problem is where we're going from here. is this administration struggling to get their hands around a crisis that in one of the rare times in the past three years is not a crisis of their own making? it's not one of the daily crises that the president creates by his actions. this is something completely out of the hands of t

and there are a lot of fundamentals, as you heard from larry kudlow, to support the u.s. have consumer spending, finding jobs. and, by the way, companies are making a ton of money. >> jason: susan, question about the federal reserve. are they going to cut rates or what is the perspective on what the federal reserve might do in this case? >> 100%, according to the market by march of this year. there is even a 60% probability they might even go to 50 bases point which is half a percent. that is really panic mode. i don't really see that right now. as i said to you, there is a lot of good in the economy. i spoke to tim cook, who is the apple ceo. and he says, long term, fundamentals are still in place. nothing has changed, really, in the last four weeks, and you heard that from larry kudlow and the white house as well. we are not expected to take that big of a hit, and even if we do we have the federal reserve to cut interest rates. >> jason: it does strike me that there are a lot of byes in the market right now, and people panic for a moment. susan, thank you very much. wit

. >> as the dow fell, this is what we heard from the national economic council director, larry kudlow, for you, on fox news, watch this. >> i still think long-term investors should give very serious thought to coming back in or adding to their positions in the stock market. it looks like we will weather this and this is not going to last forever. >> government officials giving stock advice, max? >> well, i mean, it's not crazy to have larry kudlow out there trying to keep the market up but the problem is they have zero credibility because these guys lie all the time and what they're saying is divorced from reality and it's at odds with what the public health officials are saying. they're saying everything is great. we got it under control. everything is wonderful and the public health officials are saying, as we just noted, hey, you've got to prepare because this could be really bad and the market is getting freaked out and it's not reassured by hearing larry kudlow give kind of the party line. this reminds me of a line that a friend of mine said, which is that when trump and the peop

guys, could you listen to larry kudlow. i'm sure you saw this, everyone is talking about it. but here is larry kudlow just yesterday with a pretty rosy outlook. >> we have contained this. we have contained this. i won't say airtight but pretty close to airtight. we've done a good job in the united states. i don't think it's going to be an economic tragedy at all. >> two days, $1.7 trillion wiped off the stock market value and numbers are looking good for the u.s.? >> the dow 1900 points, 6%, just two days. markets bouncing back a little bit but not all that much. investors are definitely taking this really seriously. that's because we're starting to hear some concern from corporate america. >> yeah. >> it's two-pronged. one, their supply chains are being disrupted. you heard apple talk about iphone shortages, coca-cola talking about shortages of artificial sweetener, things we don't think about but has a real economic impact. and there's the demand side. united airlines talking about demand for flights to china and asia falling off, mastercard talking about lower spending. al

larry kudlow also earlier in the week said that the virus was contained. thank you, caitlkaitlan collins traveling with the president. >>> and now, we did the first block on the politics and other proposals at stake, too. the president suggested that his administration has a handle on the cases of the coronavirus. take a listen. >> we think that we have done a great job to keeping it down to the minimum, and again, we have had tremendous success compared to what people would have thought. >> and so, starting with you, mike shields, we found after that press conference, the first case in california that is not contracted from abroad and this patient is also not a health care worker. what do you think >> yes, five weeks ago he declared a national health emergency and that is what the president obama did of the swine flu, and amazing how glowing it was when he did that with president obama. and then it was largely ignored because of the impeachment, and mick mulvaney said it was coverage of impeachment. and then flights like italy are starting to have much la

within hours, larry kudlow was out there saying, oh, maybe that's not the case.ple are accustomed to the president doing this. but what's scary right now is the human toll, that this is a real risk. this isn't just a little bit of cute financial engineering, you can tax cut your way out of it or you can pressure the fed into cutting rates. this is a real issue that could be a pandemic, that could be an epidemic and they're playing a dangerous political game. >> and if, if the key thing that a government needs when it comes to interventionist public health responses, which the cdc is warning about today, right? if the key thing is you need to be able to trust your government, for the market today, for investors who as you say tend to be very positive on this president, for them to be saying, we don't trust you, we don't take your word when you say something that's plainly lying, it freaks us out, that's a bad sign for the credibility of the government for what lays ahead. >> that was definitely the case today. yesterday what spooked the mark was italy. we've been

economic advisor larry kudlow questioned beijing's transparency and accuracy over the count of new casess. numbers jumped after china changed the way it diagnoses the virus. kudlow also expressed disappointment that u.s. health officials have not been allowed to study the outbreak from wuhan. they have offered to send experts for several weeks. fell after.s. shares it warned the coronavirus will hurt revenue growth in the current quarter. it's at the outbreak is undermining production and changing consumer spending patterns. the chinese e-commerce giant reported strong financial results for the december quarter. revenue surged a better-than-expected 38%, and net income rose 58%. the coronavirus is being blamed for what is expected to be the first global drop in oil demand in more than a decade. the international energy agency says demand will fall by more 000 barrels a day in the first quarter. that as widespread -- growth mays annual fall by about 30%, but at this stage it is hard to be precise about the full impact of the virus. the united nations says more than 140,000 syrians have be

brian: here to discuss that and so much more national economic director larry kudlow. t, brian. i keep telling you that. i want you to own the s&p 500 index or something like it and just hold it forever, until you're 95 years old, just don't take a look at it, because you're buying america, greatest country in the world, free market capitalism, is the best path to prosperity and by the way even with yesterday's sort of small correction, s&p 500 is up over 4% this year-to-date, despite the virus, and last year it was up 29%, so i really think the market signal here is more business and consumer confidence in this extraordinary blue collar boom, in which we find ourselves. >> lisa: larry about that there's no doubt that the economy is so strong right now. the democrats are trying to hijack that narrative from president trump. here is this tweet from president obama that he recently tweeted saying this. he said 11 years ago i think we've got the tweet there, 11 years ago today we're near the bottom of the worst recession in a generation he talks about how i signed the reco

larry kudlow criticizes what he calls a lack of transparency.e's biggest economy reports fourth-quarter gdp today and an unexpected contraction could take away a blockbuster relic of the dax. ubs is set to begin a search for a successor. they see record inflows at its asset management unit. we speak with the cfo today. ♪ here in london. let's get to renault. renault reporting revenue for the full year that broadly meets average analyst estimates, 55.5 billion euros. that is the full year revenue number. so far, so good. the fully operating income number, 4.1 one billion euros. that is less favorable compared to the estimate. 1.10ividend per share, euros. butestimate was wide, certainly the number has come in at the lower end of the estimate. that is the redhead line across the bloomberg best morning. renault cuts its dividend to 1.10 euros a share from 3.55 euros. we were having that exact conversation with our guest in okobza, about the extent to which markets were not only forgiving, but expecting car companies to cut back on dividends where t

larry kudlow, always great to see you. larry kudlow, national economic council director, joining us from washington, d.c. let's get you a check on markets. 34 minutes into the session. equities lower on the s&p 500. a little bit lower in europe, too. the dax down by 0.8%. the payrolls report not making much of a difference. yields down by seven basis points to 1.57% on the u.s. 10 year. this was the countdown to the open. this is bloomberg television. ♪ ♪ vonnie: it is a few minutes after 10:00 a.m. in new york, 3:00 p.m. in london, and almost 40 minutes into the u.s. trading day on jobs day. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: u.s. employers did round january, topping all estimates in the bloomberg survey. the jobless rate edged up to 3.6%. the participation rate edged up, and average hourly earnings were 3.1% year-over-year. mixedre on the strong but picture, we are joined by a mocutacuda -- by simon of state street global advisors. what do you make

let's get to the white house where larry kudlow is speaking to reporters. >> exceeded expectations.he atlanta fed thing is 2.7. we have another month to go in the quarter, and then after that, so we will see. i don't think we will take -- at lea

but i think larry kudlow is correct.n see in the horizon that would indicate a slowdown in the market and the economy. gregg: bill, is it your view there is an overreaction that may be unwarranted? >> let me he you why i believe that. a lot of my former colleagues on wall street are engaged in what if trading. one trader tries to one-up the other trader. what set it off was the vote of no confidence when the virus spread to the european continent. the european health system is not one the traders trust. the lack of information promotes the what if the worst case scenario. people are realizing it's not the what if scenarios that matter, it's the what will be that makes money. it would be very helpful if larry and others in the administration cop out and say here is a daily briefing of what we know about the virus and how it spread and how contagious it is. gregg: we rely on china for electronics and toys and clothes. hundreds of products as well as -- this is the important part, components of products that go into the ame

maria: larry kudlow in d.c.ay gain in seven years, yes up 14% right now then sustainable style plant-based fabrics to create yooekt clothing correction all made write here in the usa. we have pieces on set. stay with us. ♪ ♪ ♪ up town girl ♪ my uptown girl ♪ . >> welcome back google shares sliding after company recorded slowest revenue growth in five years ago, kristina partsinevelos on the floor of the new york stock exchange looking at impact there. >> we are seeing a little bit of impact, on alphabet are parent gen google almost down 4% the reason being that you did say it was strong revenue but so slightly, i had traffic acquisition costs that was 17% you are expecting 14% so because of that, you did see a little bit of a sell-off navigate hours trading as well as this morning, yet a lot of analysts are still very, very bullish on the stock, one raymond james maintaining outperform expecting that price to jump to 1580 bucks room to go few other price targets i want to focus on tesla like you said maria befor