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Organization announcing that we are now moving from phase four to change five this is the level that indicates that a pandemic.
Very serious level here change and let's bring in the Bulls and Bears we welcome Gary -- -- Bob O'Brien.
And Joanna -- and -- Bob O'Brien on a day -- the markets charged ahead on on fears and worries and the knowledge that a toddler had died from this what happens tomorrow with the markets.
This may become more -- you know more pervasive.
The longer and the worsening he did this this flu epidemic and the problem isn't so much.
The people were genuinely at risk the problem is going to come from behavioral changes people will stop.
Traveling immediately for example people stop.
Gathering of restaurants theaters other other places.
Where people where large crowds are going to gather and that could take as much as 60% of the economic activity out of the market right away.
Didn't know Derek outbound issue here it's innocent immortality is though are still pretty fairly lull is this an issue though that they don't have the vaccines to stop the -- -- what does that mean for the market.
Well I think it's pretty simple if it's something that -- is continuous.
And lasts a while it will definitely affect the market.
But I must tell you go back to the chart of the market when SARS hit.
All the market went down for a few weeks and then -- upwards as it ended so as we get past this the market's gonna completely ignore it and move forward.
And deal with economic fundamentals and will get passed this up pretty quickly.
Way of looking at the a bid for AMR just have pulled -- out as a parent of American Airlines here and it is lower close to 490 but the -- is it for 84 I would imagine that the airlines.
A very jittery and certainly shareholders of everyone's worried about this absolutely airlines are already doing incredibly poorly right now I mean after consumer spending and -- just off a cliff with the economy this is just another 12 punch but I will -- in terms of the market.
The market very well may continue this sort of hear no evil see no evil phrase mean that could very good in the -- Tomorrow the way it's been acting since March I mean you know -- that this does seem seem to be sort of -- -- the pinnacle rally that's happening.
It's interesting -- You know this brings up the issue of the airline's first and -- -- -- wanted to -- what about workers not wanted to come into work and -- -- -- Stay home and other companies saying stay home what does that do to productivity.
It could be a drag on it that you know we've had these things before we had this with bird flu.
And there is always worry about it that you know we've had one death in the US.
So you know I don't see it having -- big impact unless we get a lot more -- a lot more cases.
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