Money at the problem and it solves one part of the problem. We are seeing an absolute synonymy of selling. Hitting every single asset class out there. Asia is down between five and 10 . You are getting Circuit Breakers triggered in korea and the philippines. Yvonne this is what makes things a little bit more real for people. We have dealt with this before with sars. But outside the region, this is uncharted territory. Trudeau nowhie testing positive for coronavirus. The pga is canceling its players championship. The ncaa is canceling march madness. Things are starting to disrupt daily lives. David absolutely. Lets have a look at your movers right now. Not that it matters. Our team crunched the data. The stocks that are getting sold off the heaviest right now have the week balance sheets. That is way you dont want to be. Youre getting more cyclicals as well getting pummeled. It is a day that you dont normally see. We will leave it there for now. The coronavirus handed wall street its wo
Torrid few days. Lets get to some of the movers and Asset Classes making waves. Quickly looking at the 10 year one of the council numbers suggesting he wants to get out of the negative Interest Rate regime we have as quickly as possible. The yen on the way up,. 1 , down the dollar. By rupee the dollar down. 25 . Weve got banking issues in india at the moment playing out on the bond market but what we have what does the r. B. I. Say about all of that later . The hang seng Property Index is actually up. 1 after recent declines. Country garden coming out with a pollen figures showing how bad appalling figures showing how bad things are here. Lets get to new york and look at world news headlines. With thell start latest on the trade negotiations. Chinas top trade negotiator flies back to washington next week. This as the two sides revive talks that have been stalled for months. Details have not been released but it is thought they will begin meeting as of thursday. Negotiations were given
Yanis varoufakis. Out of favor with leaders. Strategy assessment. It was a strong warning from the pent gone today from president obama. He said the fight against i. S. I. L. Will require more time and a broader effort. Plus homecoming. Hundreds of thousands of the faithful turn out to hear a message from pope francis a native son during the first leg of his latin american tour. Hello everybody and welcome to Al Jazeera America im David Schuster in for antonio mora. We begin with reaching a financial settlement with greece. Greek Prime Minister Alexis Tsipras is expected to present some kind of an agreement to the finances minister meeting tomorrow. A exon strategy to common strategy to find crisis. Translator it is not only the greek population and the greek people here that have a say. It is the other 18 countries. We have one common currency. We want to keep this currency and therefore all sides need to be responsible and show solidarity. The summit will be without a popular figure
Southeast asian nation to meet with President Trump. We have the world covered here on daybreak asia and we will be live and across the region to get the latest market reaction. Betty as we mentioned, we are going to hear from the Prime Minister ahead of him meeting with President Trump and why one of indias largest Tech Services companies is worried trumps policies will hurt the center in india. This is daybreak asia, coming to you from u. S. And asia headquarters. I am betty liu betty liu in new 00k, where it is after 7 p. M. Yvonne i am yvonne man in hong kong. Why is he so worried about inflation . His counterparts have overlooked the last two months in recent weakness as a fake. He said missing the 2 inflation target does raise questions. What does that mean for this . It could impact the role of the Balance Sheet. That could be key. Betty we have a guest coming up that says the fed has been excellent in terms of broadcasting how they will reduce that Balance Sheet. Yvonne, let us
System to unlock the new iphone and digital payments. Coming to you from bloombergs headquarters in new york. I am betty lou. Yvonne i am in yvonne man. Inflation data out of south korea. Pretty much a miss when it comes to the year on year figures. We have pretty much been around the 2 target for this year already. We are falling about. 1 . Not too much to be worried about. There has been a lot of centralbank hawkishness. Are they ready for some tightening as well . We heard from the governor last month. It could be well on track if this economy recovery continues here in we will see how that plays through. Betty it is interesting. We are paying so much attention to these Inflation Numbers. It looks like were seeing this global tightening trend. People are doubting fed tightening trends. The one who started it is now falling behind, perhaps. Yvonne more selective when it comes to data dependency. They are not looking for these recent inflation trends. Lets look at how things are playi