Name: Coronavirus Fears Hit Global Stocks As Trump Response Comes Under Scrutiny | Andrea Mitchell | MSNBC
Uploaded: 2020-03-03T07:30:34.000Z
Duration: 4 min 37 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Past simple

HE TALKED ABOUT THE MARKET. HE TALKED ABOUT THE ECONOMY.

HE TALKED ABOUT THE ECONOMY. LET’S TAKE A LISTEN.

The imperative

LET’S TAKE A LISTEN. >> I JUST THINK EVERYBODY,

>> I JUST THINK EVERYBODY, WHETHER YOU’RE AN INVESTOR OR

WHETHER YOU’RE AN INVESTOR OR WHETHER YOU’RE, YOU KNOW,

WHETHER YOU’RE, YOU KNOW, ORDINARY MAIN STREET PERSON,

ORDINARY MAIN STREET PERSON, PEOPLE SHOULD NOT OVERREACT.

PEOPLE SHOULD NOT OVERREACT. THAT’S THE IMPORTANT THING.

THAT’S THE IMPORTANT THING. THE MARKET HAS SHORT-RUN

CORRECTION. AND I GUESS IT’S 10 OR 11% OR

AND I GUESS IT’S 10 OR 11% OR SOMETHING.

SOMETHING. WE’VE BEEN THROUGH THIS MANY,

WE’VE BEEN THROUGH THIS MANY, MANY TIMES BEFORE.

MANY TIMES BEFORE. AND I DON’T THINK EVEN THOUGH

AND I DON’T THINK EVEN THOUGH IT’S A FRONT PAGE STORY AND

IT’S A FRONT PAGE STORY AND NOBODY LIKES TO SEE THEIR ASSET

NOBODY LIKES TO SEE THEIR ASSET VALUES GO DOWN, I JUST DON’T

VALUES GO DOWN, I JUST DON’T THINK AT THIS POINT IT’S GOING

THINK AT THIS POINT IT’S GOING TO HAVE MUCH OF AN IMPACT.

TO HAVE MUCH OF AN IMPACT. >> SO, STEPH, TRUTH SQUAD THAT

IS THAT JUST WHITE HOUSE HAPPY TALK OR IS KUDLOW ONTO SOMETHING

>> LISTEN, LARRY KUDLOW ISN’T NECESSARILY WRONG.

NECESSARILY WRONG. FROM A NUMBERS PERSPECTIVE,

FROM A NUMBERS PERSPECTIVE, THEY’RE VERY SIMILAR.

THEY’RE VERY SIMILAR. WHEN THE MARKET DROPPED DURING

WHEN THE MARKET DROPPED DURING THE FINANCIAL CRISIS, UNDERLYING

THE FINANCIAL CRISIS, UNDERLYING FUNDAMENTALS WERE DISASTROUS.

FUNDAMENTALS WERE DISASTROUS. RIGHT NOW WE DON’T KNOW THE

RIGHT NOW WE DON’T KNOW THE RISKS ASSOCIATED WITH THE

RISKS ASSOCIATED WITH THE CORONAVIRUS AND HOW YOU WOULD

CORONAVIRUS AND HOW YOU WOULD NORMALLY SAY NO NEWS IS GOOD

IN THIS CASE, NO NEWS HAS PEOPLE MORE AND MORE CONCERNED.

MORE AND MORE CONCERNED. TWO DAYS AGO WHEN WE FIRST HEARD

TWO DAYS AGO WHEN WE FIRST HEARD FROM THE WHITE HOUSE, YES, THEY

FROM THE WHITE HOUSE, YES, THEY WERE CAUGHT FLAT-FOOTED.

WERE CAUGHT FLAT-FOOTED. YOU HAD A LOT OF PEOPLE NOT IN

YOU HAD A LOT OF PEOPLE NOT IN ROLES TO ADDRESS THESE KINDS OF

REMEMBER, TOM BOSSART USED TO BE THE HOMELAND SECURITY ADVISER.

THE HOMELAND SECURITY ADVISER. WHEN WE SAW JOHN BOLTON TAKE

WHEN WE SAW JOHN BOLTON TAKE OVER, HE WASN’T REPLACED.

OVER, HE WASN’T REPLACED. THE WHITE HOUSE WAS FLAT-FOOTED

THE WHITE HOUSE WAS FLAT-FOOTED A FEW DAYS AGO.

A FEW DAYS AGO. THE LACK OF INFORMATION FROM THE

THE LACK OF INFORMATION FROM THE WHITE HOUSE FOR THE LAST FEW

WHITE HOUSE FOR THE LAST FEW DAYS HAS SENT THE MARKETS DOWN

DAYS HAS SENT THE MARKETS DOWN BUT ALSO IT HAS CAUSED

BUT ALSO IT HAS CAUSED GOVERNMENTS AND COMPANIES TO

GOVERNMENTS AND COMPANIES TO CHANGE THEIR BEHAVIOR.

CHANGE THEIR BEHAVIOR. SO GOLDMAN SACHS ISN’T WRONG

SO GOLDMAN SACHS ISN’T WRONG WHEN THEY’RE DROPPING THEIR

WHEN THEY’RE DROPPING THEIR FORECAST FOR GROWTH AND TIM COOK

FORECAST FOR GROWTH AND TIM COOK FROM APPLE ISN’T WRONG WHEN HE

FROM APPLE ISN’T WRONG WHEN HE IS SOMEWHAT OPTIMISTIC.

IS SOMEWHAT OPTIMISTIC. BOTH CAN BE TRUE.

BOTH CAN BE TRUE. THIS ECONOMY HAS BEEN GROWING

THIS ECONOMY HAS BEEN GROWING BECAUSE OF CONSUMER SPENDING AND

BECAUSE OF CONSUMER SPENDING AND SUDDENLY IF CONSUMERS ARE ALL

SUDDENLY IF CONSUMERS ARE ALL GOING TO CHANGE OUR BEHAVIOR

GOING TO CHANGE OUR BEHAVIOR BECAUSE OF THE PERRECAUTIONS WE’

BECAUSE OF THE PERRECAUTIONS WE’ TAKING, THEN THE ECONOMY WILL

THERE’S SO MANY UNKNOWNS, SO IT’S NOT FAIR TO SAY THINGS ARE

IT’S NOT FAIR TO SAY THINGS ARE DISASTROUSLY IN THE RED AND

DISASTROUSLY IN THE RED AND THEY’RE GOING TO STAY THERE.

THEY’RE GOING TO STAY THERE. THEY COULD TURN GREEN.

>> YEAH. GENE SPERLING, I WANT TO GET YOU

GENE SPERLING, I WANT TO GET YOU TO WEIGH IN ON KUDLOW’S COMMENTS

TO WEIGH IN ON KUDLOW’S COMMENTS THERE.

>> WELL, I COULDN’T DISAGREE WITH THE APPROACH THAT THEY ARE

WITH THE APPROACH THAT THEY ARE TAKING MORE.

TAKING MORE. THIS IS A SERIOUS ISSUE AND I

THIS IS A SERIOUS ISSUE AND I THINK WHEN YOU’RE IN GOVERNMENT,

THINK WHEN YOU’RE IN GOVERNMENT, THE BEST THING YOU CAN DO IS TO

THE BEST THING YOU CAN DO IS TO ACTUALLY FOCUS ON THE REAL

ACTUALLY FOCUS ON THE REAL PROBLEM, TO LOOK LIKE YOU HAVE

PROBLEM, TO LOOK LIKE YOU HAVE 100% LASER FOCUS ON PREPARATION,

100% LASER FOCUS ON PREPARATION, ON THE ACTUAL, ON THE GROUND

ON THE ACTUAL, ON THE GROUND THINGS THAT WILL MAKE THE UNITED

THINGS THAT WILL MAKE THE UNITED STATES BETTER PREPARED AND SHOW

STATES BETTER PREPARED AND SHOW THAT WE’RE BEING SERIOUS.

THAT WE’RE BEING SERIOUS. THIS IS NOT IRRATIONAL BEHAVIOR

THIS IS NOT IRRATIONAL BEHAVIOR BY THE MARKET.

BY THE MARKET. THEY ARE LOOKING AT A DRAMATIC

THEY ARE LOOKING AT A DRAMATIC FALL IN TOURISM AND TRAVEL, ONE,

FALL IN TOURISM AND TRAVEL, ONE, TWO, THEY ARE LOOKING AT A

TWO, THEY ARE LOOKING AT A DRAMATIC DISRUPTION OF THE

DRAMATIC DISRUPTION OF THE GLOBAL SUPPLY CHAIN THAT GOES

Subtitles ListPlay Video

Coronavirus Fears Hit Global Stocks As Trump Response Comes Under Scrutiny | Andrea Mitchell | MSNBC

perspective

approach

depression

crisis